400 episodes

The Financially Simple Business podcast is an all-in-one resource for small business owners. You will gain valuable insights into navigating through today’s business climate. Each episode focuses on the topics that benefit you the most. Learn effective methods of managing your team, tax mitigation, increasing bottom-line revenues without overloading your current infrastructure, and much, much more.
Being a business owner can be a lonely profession, but that doesn’t mean you have to go it alone. Subscribe to the Financially Simple podcast and join the thousands of business owners who have grown and improved their businesses by putting these lessons into action.

Financially Simple - Business Growth to Sale Justin Goodbread

    • Business

The Financially Simple Business podcast is an all-in-one resource for small business owners. You will gain valuable insights into navigating through today’s business climate. Each episode focuses on the topics that benefit you the most. Learn effective methods of managing your team, tax mitigation, increasing bottom-line revenues without overloading your current infrastructure, and much, much more.
Being a business owner can be a lonely profession, but that doesn’t mean you have to go it alone. Subscribe to the Financially Simple podcast and join the thousands of business owners who have grown and improved their businesses by putting these lessons into action.

    The Wealth Game: Moving from Second to Third Base

    The Wealth Game: Moving from Second to Third Base

    In baseball, moving to third base is a natural progression: you hit the ball, turn first base and run to second, then move to third. Of course, you wouldn’t stand idly on second base if you wanted to win—the same is true for the Wealth Game. At the second base of the Wealth Game, you might consider yourself successful. You’re living within a budget; your income is sustained and stable;  you’re making regular contributions to your retirement plan; maybe you have a business you’re expanding. But don’t stop just yet—it’s time to move to third base.
    In this episode, I discuss the transition from second to third base and how it differs from the previous moves. I explain how you can calculate your net worth to assess whether you’re ready to move to third base. I also reveal the secret sauce to accumulating wealth and describe how to make your assets support the lifestyle you want to live.
    “The goal of the third base is to go where our assets provide us with enough income to cover the cost of our lifestyle.” - Justin Goodbread
    This week on the Financially Simple Experience:
    How to know if you’re ready to move from second to third base How the move from second to third base differs from the move between first and second The Millionaire Next Door Calculation Gap and the power of compounding interest Using your income increase to expedite your transition from second to third base Our Favorite Quotes:
    “Compounding interest is the secret sauce to making your track easier to the third base and providing you the income that you need.” - Justin Goodbread “As your income increases, allow the spread of your lifestyle and earnings. If you can increase your investment and take your surplus over your lifestyle to magnify the speed at which you move from second to third, it’s a win-win.” - Justin Goodbread “Shift your mind away from reliance on income—the job that you have, and the business you sacrifice so much for—and move into the assets you’re accumulating.” - Justin Goodbread About The Financially Simple Podcast

    If you are looking for a podcast that speaks directly to the challenges and puzzles of running a business, you’ve come to the right place. The Financially Simple podcast was built for you. With over 400 episodes and counting, our host Justin Goodbread covers a broad range of topics, from starting a small business, to prepping it for sale, to growing your personal wealth. Justin’s combination of analytical skills, tough love, and a healthy dose of experience delivers practical ideas that will benefit business builders at every stage of their business journey.

    If you have questions or comments for Justin, submit those at: https://financiallysimple.com/ask-justin/

    Connect with Justin:
    Financially Simple newsletter
    Facebook
    LinkedIn
    Twitter

    Subscribe Here:
    Apple Podcast
    Spotify
    Google Podcast
    iHeart Radio
    Stitcher


    Let us know your thoughts about the show - please leave a review on iTunes to help others discover the podcast.
    Financially Simple is a division of WealthSource Partners, LLC (“WSP”), which offers investment advisory and financial planning services. All investing involves risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Business planning services offered by WealthSource Business Advisors, LLC (“WBA”).
     
    This podcast is distributed for informational purposes only. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast’s guests and do not necessarily represent the views and/or opinions of WBA, WSP or their affiliates or representatives. Statements made in this podcast are subject to change without noti

    • 13 min
    The Wealth Game: Safe at Second

    The Wealth Game: Safe at Second

    Where are you right now in your journey through the wealth game? Do you have savings or emergency funds? Are you investing in your future? Do you have a 401k? Have you started your own business? If you have, congratulations, you’re in second base! As we continue our journey through the wealth game, we want to begin saving, investing, and accumulating assets while we cast our eyes to third base. Yet—just as the run from first to second was difficult—the run from second to third can be arduous. So, how can you get there?
     
    In this episode, I outline how to move from second to third base in the game of wealth. I define the Prestigious Accumulator of Wealth category and explain how you can get there. I describe why entrepreneurs should build assets inside and outside their businesses. I also highlight the role of coaches in playing the game of wealth and underscore why staying the course to third base is worth it.
     
    “Those of us who make prudent investments, who make wise decisions, who keep the targeted mind—those of us who focus on that intensity—reach third base.” - Justin Goodbread
     
    This week on the Financially Simple Experience:
     
    Reaching second base and beginning to invest in your future How to calculate your net worth The Prestigious Accumulator of Wealth category Why business owners should pull their businesses out of their net worth statement How owning a business can quickly propel you to third base The importance of building a portfolio of assets inside and outside your business  
    Resources Mentioned:
     
    Book: The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas Stanley  
    Our Favorite Quotes:
     
    “Stay the course. If you find it hard to guard yourself against the naysayers in your world, find an advisor or coach that can encourage, push, and strengthen you.” - Justin Goodbread “We need coaches, no matter where we are in the game of wealth.” - Justin Goodbread “Moving from second to third base is tough. The reality is we’ll spend decades of our lives there, but it’s worth it. Keep the journey—stay focused.” - Justin Goodbread  
    About The Financially Simple Podcast

    If you are looking for a podcast that speaks directly to the challenges and puzzles of running a business, you’ve come to the right place. The Financially Simple podcast was built for you. With over 400 episodes and counting, our host Justin Goodbread covers a broad range of topics, from starting a small business, to prepping it for sale, to growing your personal wealth. Justin’s combination of analytical skills, tough love, and a healthy dose of experience delivers practical ideas that will benefit business builders at every stage of their business journey. 

    If you have questions, or comments for Justin, submit those at: https://financiallysimple.com/ask-justin/

    Connect with Justin:
    Financially Simple newsletter
    Facebook
    LinkedIn
    Twitter

    Subscribe Here:
    Apple Podcast
    Spotify
    Google Podcast
    iHeart Radio
    Stitcher
    Let us know your thoughts about the show - please leave a review on iTunes to help others discover the podcast.
     
    Financially Simple is a division of WealthSource Partners, LLC (“WSP”), which offers investment advisory and financial planning services. All investing involves risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Business planning services offered by WealthSource Business Advisors, LLC (“WBA”).
     
    This podcast is distributed for informational purposes only. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast’s guests and do not necessarily represent the views and/or opinions o

    • 14 min
    The Wealth Game: Stealing from First to Second

    The Wealth Game: Stealing from First to Second

    There are so many traps along the way of the Wealth Game that could keep you from achieving financial independence. Emotions, financial habits, and lifestyle choices can all tie us down to the Wealth Game’s first base and prevent us from moving to second—yet, it is not impossible. Those of us who aspire to move beyond first base have to figure out what it takes to reach second base: the stage of asset accumulation.
    In this episode, I discuss how we can steal second base in the Wealth Game. I explain what lifestyle creeps are and why so many people get stuck in first base. I differentiate appreciating from depreciating assets and enumerate the many ways individuals can accumulate assets. I also highlight the importance of budgeting, discuss how budgeting can liberate our financial lives, and underscore how you can begin efficiently building and accumulating assets.
     
    “In playing the game of wealth, what we’re truly after is something that appreciates in value. Otherwise, we won’t get much of a lead-off from first base.” - Justin Goodbread
     
    This week on the Financially Simple Experience:
    A recap on home plate and first base of the Wealth Game Lifestyle creeps and the trappings of first base Understanding the power of compound interest The statistics on savings and retirement funds What the second base represents in the Wealth Game What an asset is and the differences between appreciating and depreciating assets Some examples of assets that we can grow in value Getting started in building assets that help us gain financial independence What I love about employer-sponsored retirement plans Capitalizing on the cryptocurrency buzz The importance of creating budgets and paying yourself first  
    Resources Mentioned:
    Book: The Richest Man in Babylon by George Clason  
    Our Favorite Quotes:
    “If we could teach the power of compounding interest to our children, the youth, and those whom we mentor and have the privilege to serve, we could change the narrative.” - Justin Goodbread “Nothing in life is free. If it doesn’t cost you money, it costs you time and emotions.” - Justin Goodbread “Look where you’re headed. Have a strategy, a plan, and a coach, or you’ll get stuck on first base.” - Justin Goodbread  
    About The Financially Simple Podcast

    If you are looking for a podcast that speaks directly to the challenges and puzzles of running a business, you’ve come to the right place. The Financially Simple podcast was built for you. With over 400 episodes and counting, our host Justin Goodbread covers a broad range of topics, from starting a small business, to prepping it for sale, to growing your personal wealth. Justin’s combination of analytical skills, tough love, and a healthy dose of experience delivers practical ideas that will benefit business builders at every stage of their business journey. 

    If you have questions, or comments for Justin, submit those at: https://financiallysimple.com/ask-justin/

    Connect with Justin:
    Financially Simple newsletter
    Facebook
    LinkedIn
    Twitter

    Subscribe Here:
    Apple Podcast
    Spotify
    Google Podcast
    iHeart Radio
    Stitcher
    Let us know your thoughts about the show - please leave a review on iTunes to help others discover the podcast.
     
    Financially Simple is a division of WealthSource Partners, LLC (“WSP”), which offers investment advisory and financial planning services. All investing involves risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Business planning services offered by WealthSource Business Advisors, LLC (“WBA”).
     
    This podcast is distributed for informational purposes only. The content of this podcast represents the views a

    • 18 min
    The Wealth Game: Getting to First

    The Wealth Game: Getting to First

    I vividly remember playing baseball while I was growing up. I remember hitting the ball, running the bases, and hearing the fans go crazy. And, of course, there’s my dad on the sideline, jumping up and down, pumping his chest like a peacock, and shouting that he’s proud of me. The wealth game can have the same effects on our lives if we play it correctly—moving from home plate to first base, then setting our eyes to second.
    In this episode, I discuss what it takes to move from home plate to first base. I describe the first base of the wealth game. I explain why many people get trapped in this first stage and outline how to avoid it. I discuss what a “lead-off” means in baseball and how it applies to the game of wealth. I also underscore the power of our aspirations.
     
    “The game of wealth is super easy. Turn at first base and look at second; keep the destination in mind; don’t get sidetracked by the allures of a company. Focus on what matters most: second base.” - Justin Goodbread
     
    This week on the Financially Simple Experience:
    The inequality of life and the goal of the first base of the wealth game How lifestyle choices can get people trapped in first base Avoiding the trappings of the first base and the value of getting a coach What a “lead-off” means in baseball Taking a lead-off from the wealth game’s first base Reviewing the rules of the wealth game  
    Resources Mentioned:
    Book: Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom by Robert Kiyosaki  
    Our Favorite Quotes:
    “In the game of wealth, our desire is to turn first base and head towards second as rapidly as possible.” - Justin Goodbread “It doesn’t matter what income you make–what matters are your aspirations and visions.” - Justin Goodbread “The lifestyles we choose at first base is the single detriment, the single deterrent, the single determinant for us reaching second base.” - Justin Goodbread  
    About The Financially Simple Podcast

    If you are looking for a podcast that speaks directly to the challenges and puzzles of running a business, you’ve come to the right place. The Financially Simple podcast was built for you. With over 400 episodes and counting, our host Justin Goodbread covers a broad range of topics, from starting a small business, to prepping it for sale, to growing your personal wealth. Justin’s combination of analytical skills, tough love, and a healthy dose of experience delivers practical ideas that will benefit business builders at every stage of their business journey. 

    If you have questions, or comments for Justin, submit those at: https://financiallysimple.com/ask-justin/

    Connect with Justin:
    Financially Simple newsletter
    Facebook
    LinkedIn
    Twitter

    Subscribe Here:
    Apple Podcast
    Spotify
    Google Podcast
    iHeart Radio
    Stitcher
     
    Let us know your thoughts about the show - please leave a review on iTunes to help others discover the podcast.
    Financially Simple is a division of WealthSource Partners, LLC (“WSP”), which offers investment advisory and financial planning services. All investing involves risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Business planning services offered by WealthSource Business Advisors, LLC (“WBA”).
     
    This podcast is distributed for informational purposes only. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast’s guests and do not necessarily represent the views and/or opinions of WBA, WSP or their affiliates or representatives. Statements made in this podcast are subject to change without notice. Neither WBA, WSP or their representatives, the podcast’s hosts or its guests

    • 16 min
    Intro to the Wealth Game

    Intro to the Wealth Game

    What is wealth to you? Is it happy relationships with friends and family? Or, like Virgil, do you think that wealth is health? What about financial wealth? For so many people, the idea of financial wealth is something mystical—something that belongs to fantasy. But I genuinely believe that wealth is a game and, if we can teach people how to play it, it can be easier, less intimidating, and more enjoyable. In this episode, I discuss the wealth game and explain its rules. I define financial independence and describe the different kinds of wealth. I also outline the different stages of financial wealth and underscore why your attitude toward money can affect your wealth.
     
    “Money is no more than a magnifier of your true character.” - Justin Goodbread
     
    This week on the Financially Simple Experience:
    What wealth is and the different aspects of life it entails The rules of the wealth game Defining financial independence The baseball diamond and the different bases of financial wealth How your attitude toward money can affect wealth  
    Our Favorite Quotes:
    “No amount of money is worth losing yourself. The moment you make this game of wealth about money, you’ve lost the game.” - Justin Goodbread “Being financially independent means allowing your hard work and all your blessings—everything that has culminated at this point—to not just provide for yourself but also bless others.” - Justin Goodbread “It’s a privilege for us to work: a blessing to be able to toil so we can get paid—an honest day's work for an honest day’s pay.” - Justin Goodbread  
    About The Financially Simple Podcast

    If you are looking for a podcast that speaks directly to the challenges and puzzles of running a business, you’ve come to the right place. The Financially Simple podcast was built for you. With over 400 episodes and counting, our host Justin Goodbread covers a broad range of topics, from starting a small business, to prepping it for sale, to growing your personal wealth. Justin’s combination of analytical skills, tough love, and a healthy dose of experience delivers practical ideas that will benefit business builders at every stage of their business journey. 

    If you have questions, or comments for Justin, submit those at: https://financiallysimple.com/ask-justin/

    Connect with Justin:
    Financially Simple newsletter
    Facebook
    LinkedIn
    Twitter

    Subscribe Here:
    Apple Podcast
    Spotify
    Google Podcast
    iHeart Radio
    Stitcher
    Let us know your thoughts about the show - please leave a review on iTunes to help others discover the podcast.
     
    Financially Simple is a division of WealthSource Partners, LLC (“WSP”), which offers investment advisory and financial planning services. All investing involves risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Business planning services offered by WealthSource Business Advisors, LLC (“WBA”).
     
    This podcast is distributed for informational purposes only. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast’s guests and do not necessarily represent the views and/or opinions of WBA, WSP or their affiliates or representatives. Statements made in this podcast are subject to change without notice. Neither WBA, WSP or their representatives, the podcast’s hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. Statements made in the podcast are not to be construed as legal or accounting advice or as personalized advice of any nature. Listeners should conduct their own review of any statements made or strategies discussed and exercise judgment or consult with their own pr

    • 11 min
    The Power of Video for your Marketing

    The Power of Video for your Marketing

    The role of video in our everyday lives has become more and more prominent. In fact, Business Insider has observed an unprecedented growth in digital video viewership between 2019 and 2020. Yet, despite this rapid increase in viewers, we small business owners don’t really tap into the power of video in marketing. I believe that if we took the time and energy to create video-based assets for marketing our businesses, we could drastically increase their value. In this episode, I discuss the power of video in marketing. I share statistics on the growing demand for video as well as the increasing viewership brought about by the pandemic. I discuss why video marketing doesn’t have to be expensive and is feasible with just your smartphone. I also highlight how video marketing has helped us get quality leads and underscore why video facilitates a more connected form of communication.
     
    “Companies who use video to improve their business increase their sales, brand awareness, retention rate, and social capital, and drive their greatest client to their door.” - Justin Goodbread
     
    This week on the Financially Simple Experience:
    The power and importance of video marketing How COVID-19 impacted the rapid increase of video viewership Why creating videos for marketing doesn’t have to be expensive  How the service sectors can make use of video marketing for their business Why creating how-to videos can help grow your market How using videos can help in lead generation Incorporating the power of video into your business  
    Our Favorite Quotes:
    “By getting into the regular habit of sharing what you do in business with your followers, you create an unbelievable return on investment.” - Justin Goodbread “The minute we started making videos, we started seeing our engagement and the quality of our leads become more impactful.” - Justin Goodbread “Video allows us to be more involved and intimate. It allows facial recognition, nonverbal communication, tone, and inflection—so much more than just audio alone or just the static picture.” - Justin Goodbread  
    About The Financially Simple Podcast

    If you are looking for a podcast that speaks directly to the challenges and puzzles of running a business, you’ve come to the right place. The Financially Simple podcast was built for you. With over 400 episodes and counting, our host Justin Goodbread covers a broad range of topics, from starting a small business, to prepping it for sale, to growing your personal wealth. Justin’s combination of analytical skills, tough love, and a healthy dose of experience delivers practical ideas that will benefit business builders at every stage of their business journey. 

    If you have questions, or comments for Justin, submit those at: https://financiallysimple.com/ask-justin/

    Connect with Justin:
    Financially Simple newsletter
    Facebook
    LinkedIn
    Twitter

    Subscribe Here:
    Apple Podcast
    Spotify
    Google Podcast
    iHeart Radio
    Stitcher
    Let us know your thoughts about the show - please leave a review on iTunes to help others discover the podcast.
     
    Financially Simple is a division of WealthSource Partners, LLC (“WSP”), which offers investment advisory and financial planning services. All investing involves risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Business planning services offered by WealthSource Business Advisors, LLC (“WBA”).
     
    This podcast is distributed for informational purposes only. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast’s guests and do not necessarily represent the views and/or opinions of WBA, WSP or their affiliates or representatives. Sta

    • 15 min

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