The Long Game

Thomas Kopelman
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The Long Game

The Long Game podcast is all about educating 30-50 year old business owners and those with equity compensation on how to build wealth. You will learn everything from the basics to complex tax, estate, and financial planning concepts from Thomas Kopelman as well as other qualified professionals.

  1. Stop Using Your Business Like A Piggy Bank: How To Manage Cash Flow, How Much To Hold, And Where

    -5 ДН.

    Stop Using Your Business Like A Piggy Bank: How To Manage Cash Flow, How Much To Hold, And Where

    Many entrepreneurs start off by simply transferring money from their business to their personal accounts without a solid plan, leading to financial stress when income becomes irregular. In this episode you'll learn: - The importance of creating a "pay account" to manage your personal and business finances effectively. - Strategies for planning your living expenses and saving for lean months. - Key differences between operating as a sole proprietor versus an S-Corp, especially regarding tax planning and payroll. - How to avoid common pitfalls like underestimating your tax liabilities and incurring penalties. - The significance of building an emergency fund tailored to your business needs. ---------- ✅ Financial planning for 30-50 year old entrepreneurs: https://www.allstreetwealth.com ✅ My personal blog & newsletter: https://www.thomaskopelman.com Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.

    13 мин.

  2. 27.12.2024

    A New Chapter: What to Expect from The Long Game in 2025

    As we approach the end of the year, I want to express my gratitude to all of you who have been listening and supporting the podcast. With just under 200 episodes and over 75,000 downloads, it’s incredible to see how far we’ve come together. After a year of co-hosting with Jacob Turner, we’ve decided it’s best for him to pursue his own podcast. While I will continue to host the Long Game Podcast solo, I’m excited about the new direction it will take. Starting in January, I will focus on a structured approach to financial planning, diving into specific topics that I cover with my clients. The upcoming episodes will include discussions on business planning, hiring strategies, managing finances, and setting up retirement accounts. I’ll also explore essential components of a financial plan, such as cash management, debt, investing, and estate planning. Each episode will be concise, lasting between 10 to 20 minutes, making it easy for listeners to digest the information. ---------- ✅ Financial planning for 30-50 year old entrepreneurs: https://www.allstreetwealth.com ✅ My personal blog & newsletter: https://www.thomaskopelman.com Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.

    8 мин.

  3. 20.12.2024

    Lessons Learned in 2024 (Money, Business, and More)

    In this episode, we dive deep into the lessons learned from working with business owners and the unique financial perspectives that come from their experiences. The Unique Perspectives on Money: We talk about how different business owners view money and success, and why there’s no one-size-fits-all approach to personal finance. The Value of Service Businesses: Why running a service-based business can be a fantastic choice for aspiring entrepreneurs, highlighting the benefits of cash flow and scalability. The Importance of Liquidity: The significance of maintaining liquidity in your financial portfolio and how it can reduce stress during unexpected situations. Planning for the Unexpected: The necessity of preparing for negative scenarios & how proactive planning can protect your financial future. The Power of Education: The importance of understanding your financial decisions and the value of having an accountability partner to keep you on track.

    22 мин.

  4. 13.12.2024

    Maximizing Your Charitable Impact: From DAFs to Private Foundations w/ Blake McKibbin

    Building on our previous discussions about estate tax planning and donor advised funds, we explore a variety of charitable giving tools, their benefits, and when they make sense for you. Episode Highlights: -The impact of recent tax law changes on charitable giving -Understanding donor advised funds and their advantages -The differences between donor advised funds and private foundations -How to effectively bunch charitable gifts for maximum tax benefits -The role of charitable remainder trusts and charitable lead trusts -Strategies for business owners to leverage charitable giving Join us as we unpack these important topics and provide insights on how to make the most of your charitable contributions while ensuring your values are honored.

    31 мин.

  5. 06.12.2024

    SLATs Explained: The Pros and Cons of Spousal Lifetime Access Trusts w/ Blake McKibbin

    Blake shares his insights on why SLATs are often viewed as the go-to tool for estate tax planning, but also highlights the important considerations and potential downsides that many overlook. From the irrevocable nature of these trusts to the implications of divorce and early death, this episode dives deep into the complexities of estate planning for high net worth individuals. Key topics include: -What a SLAT is and how it works -The benefits and risks associated with SLATs -The importance of financial flexibility and growth -When it makes sense to consider a SLAT based on age and asset value -The significance of understanding your personal goals in estate planning

    26 мин.

  6. 22.11.2024

    The Soul of Wealth: Redefining Financial Success with Daniel Crosby

    In this episode, we dive deep with Daniel Crosby (author of The Soul of Wealth) into the multifaceted relationship between wealth, happiness, and fulfillment. Here are three key takeaways that I believe will resonate with many of you: Wealth is Not Just a Number 💰 Daniel shares a powerful story about Alexander the Great, illustrating that despite his immense wealth and power, he was ultimately undone by personal loss. This serves as a reminder that true wealth encompasses more than just financial metrics; it includes our relationships, experiences, and emotional well-being. As we navigate our financial journeys, we must remember to prioritize what truly matters in life. The Importance of Meaningful Work 🛠️ We discuss the paradox of work and happiness. While many people find fulfillment in meaningful work, they often get caught up in the pursuit of money, leading to regret later in life. Daniel emphasizes the need to optimize for fulfillment rather than just a paycheck. It’s crucial to find work that aligns with our passions and values, as this is what ultimately contributes to our happiness and sense of purpose. The Power of Perspective 🔍 One of the most enlightening parts of our conversation revolves around the concept of subjective wealth. Daniel explains how our happiness is often influenced by who we compare ourselves to. By being mindful of our reference classes and practicing gratitude, we can shift our perspective and find contentment in our current circumstances. It’s a reminder that happiness is not solely determined by our financial status but also by our mindset and the way we view our lives. View the Soul of Wealth on Amazon: https://www.amazon.com/Soul-Wealth-reflections-money-meaning/dp/1804090441

    1 ч. 5 мин.

  7. 15.11.2024

    End-of-Year Tax Planning: Strategies Every Business Owner Should Know

    As the year comes to a close, it's crucial to take proactive steps to optimize your tax situation. Join us as we discuss: The importance of knowing your numbers and understanding your financial situation Maximizing the Qualified Business Income (QBI) deduction Utilizing retirement accounts effectively, including 401(k)s and Roth options The benefits of donor-advised funds for charitable giving Strategies for tax loss harvesting and investment portfolio reviews The significance of Health Savings Accounts (HSAs) and 529 plans Exploring potential tax-saving opportunities through entity structure evaluations Don't wait until the last minute—start thinking about your tax strategy now!

    29 мин.

  8. 08.11.2024

    How to Optimize Your QBI Deduction: A Guide for Entrepreneurs

    After wrapping up a comprehensive insurance series, Thomas and Jacob shift gears to discuss the often-overlooked aspects of tax planning. They explain what QBI is, who it applies to, and why it's crucial for business owners to understand and plan around it. Key topics: What is the Qualified Business Income Deduction? Who qualifies for QBID and how it can impact your taxes The importance of proactive tax planning and communication with your financial team Strategies for maximizing your QBID, including salary considerations and year-end payroll planning Real-life examples of how effective planning can lead to significant tax savings Whether you're a seasoned business owner or just starting out, this episode is packed with valuable insights to help you navigate the complexities of tax planning. Don't miss out on the opportunity to save on your taxes!

    20 мин.
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Об этом подкасте

The Long Game podcast is all about educating 30-50 year old business owners and those with equity compensation on how to build wealth. You will learn everything from the basics to complex tax, estate, and financial planning concepts from Thomas Kopelman as well as other qualified professionals.

Информация

  • Автор
    Thomas Kopelman
  • Годы выхода
    2020 - 2025
  • Выпуски
    181
  • Ограничения
    Без ненормативной лексики
  • Авторские права
    © Thomas Kopelman
  • Сайт подкаста
    The Long Game

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