In this conversation, T.J. van Gerven and Matt Middendorp delve into the intricacies of Employee Stock Ownership Plans (ESOPs), exploring their role as a business transition tool, the benefits of employee ownership, and the tax advantages associated with ESOPs. They discuss the process of implementing an ESOP, the challenges that may arise, and how it compares to private equity options. The conversation emphasizes the importance of aligning employee incentives with company success and the positive impact of ESOPs on employee wealth and company growth.

In this conversation, T.J. van Gerven and Zac Townsend explore the innovative concept of Bitcoin-denominated life insurance policies. Zac explains how these policies can serve as a hedge against inflation and currency risk, while also providing tax benefits. The discussion covers the differences between permanent and term life insurance, the target audience for Bitcoin life insurance, and the implications of using Bitcoin as a funding source. The conversation concludes with insights into the straightforward process of obtaining such a policy and the potential future of this financial product.

In this conversation, T.J. van Gerven and Adam discuss the concept of self-directed IRAs, exploring their differences from traditional IRAs, the potential for investing in alternative assets, and the role of custodians. Adam shares insights on the benefits and risks associated with self-directed IRAs, including compliance issues and the importance of education. They also touch on investment strategies, Roth conversions, and the flexibility of various retirement accounts, emphasizing the long-term wealth-building potential of these financial tools.

Connect with James: https://vanreuselventures.com/

Connect with TJ: https://mementofinancialplanning.com/links

In this conversation, T.J. van Gerven interviews James Vanreusel, founder and CEO of Vanreusel Ventures, about the multifaceted role of a CFO, the importance of financial strategy in business growth, and the behavioral aspects of finance. They discuss the significance of having an exit strategy, the necessity of understanding personal finance, and the lessons learned from tennis that apply to business resilience. James emphasizes the importance of cash flow management, investment strategies, and the balance between personal and professional life, while also addressing the social responsibilities of capitalism. The conversation concludes with advice for the next generation of entrepreneurs and the importance of prioritizing family and personal values.

Takeaways

CFOs are essential for financial strategy and leadership.
Most founders do not start with an exit strategy.
Understanding behavior around money is more important than just knowing the numbers.
Building a cash cushion is crucial for business resilience.
Investing in oneself is the best investment for entrepreneurs.
Diversifying investments is key for financial security.
Patience is vital in navigating financial markets.
Surrounding oneself with experienced advisors can lead to better outcomes.
Family should be prioritized over work commitments.
Career success is a marathon, not a sprint.

Chapters

00:00 Understanding the Role of a CFO
02:45 Navigating Business Growth and Exit Strategies
05:51 The Importance of Financial Metrics
09:43 Behavioral Finance: Understanding Money Mindsets
12:36 Lessons from Sports: Resilience and Strategy
14:40 Cash Flow Management for Business Owners
17:00 Balancing Profit Extraction and Reinvestment
19:01 The Entrepreneurial Journey: Risks and Rewards
21:43 The Future of Business: AI and Automation
24:46 Long-Term Thinking in Financial Planning
27:48 The Value of Relationships in Business
31:35 Prioritizing Family and Personal Well-Being

Connect with Lauryn: https://www.lauryn-williams.com/

Student Loan Planner: https://www.studentloanplanner.com/

In this episode, T.J. van Gerven and Lauryn Williams discuss the complexities of managing student loan debt, including public service loan forgiveness, income-driven repayment plans, and the implications of recent policy changes. Lauryn shares her personal journey from being an Olympian to becoming a financial planner, emphasizing the importance of understanding one's unique financial situation. The conversation covers various strategies for managing student loans, the risks of refinancing, and the impact of marital status on repayment plans. Listeners are encouraged to take proactive steps in their financial planning to optimize their student loan situations.

Takeaways

• Lauryn's journey from athlete to financial planner highlights the importance of financial literacy.
• Public Service Loan Forgiveness (PSLF) requires specific employment and payment criteria.
• Income-driven repayment plans can significantly reduce monthly payments based on income.
• Refinancing student loans can eliminate federal protections and benefits.
• Married couples should consider filing separately to optimize student loan payments.
• Tax implications of student loan forgiveness can be substantial and should be planned for.
• Understanding the different types of student loans is crucial for effective management.
• Proactive financial planning can lead to significant long-term benefits.
• Consulting with a financial advisor can provide personalized strategies for student loan management.
• Staying informed about policy changes is essential for effective financial planning.

Chapters

00:00 Introduction to Student Loan Management
02:45 The Journey to Financial Planning
05:46 Understanding Public Service Loan Forgiveness (PSLF)
08:25 Income-Driven Repayment Plans Explained
11:31 Navigating Changes in Student Loan Policies
14:05 Refinancing vs. Consolidation of Student Loans
16:56 The Impact of Student Debt on Young Professionals
19:53 Choosing the Right Repayment Plan
20:37 Understanding Student Loan Payments and Interest
23:15 Marital Status and Student Loan Repayment Strategies
26:12 Tax Implications of Student Loan Forgiveness
28:23 Personalized Financial Planning for Student Loans
31:39 Navigating Income-Driven Repayment Plans
33:55 Retirement Contributions and Student Loan Payments
36:55 Taking Action on Student Loan Management

On this episode of 'Do More With Your Money,' T.J. van Gerven chats with Certified Financial Planner and money expert Shannah Game. Shannah, who hosts the successful podcast 'Everyone's Talking Money' and authored 'Unraveling Your Relationship With Money,' shares insights from her career on financial planning and education. The discussion delves into Shannah's personal journey in the financial industry, the concept of money trauma, and common financial behaviors, including scarcity and spendthrift mindsets. They also cover the importance of financial literacy, managing joint finances in relationships, and teaching children about money. Shannah emphasizes that understanding one's emotional relationship with money is crucial for making positive financial decisions and offers actionable advice for both individuals and families.

Connect and learn more about Shannah

00:00 Introduction to Today's Episode

00:47 Shannah Game's Journey to Financial Expertise

02:36 Understanding Money Trauma

04:01 Common Financial Behaviors and Mindsets

06:39 Millennials and Money Challenges

08:52 Building Healthy Money Habits

13:01 Teaching Kids About Money

15:56 Maintaining a Healthy Relationship with Money

21:27 Combining Finances in Relationships

25:45 The Pursuit of Financial Independence

30:10 Shannah's Book and Final Thoughts

In this episode of "Do More With Your Money," T.J. van Gerven is joined by John Briggs, CEO of Incite Tax. John shares his entrepreneurial journey and insights into tax planning, client relationships, and the importance of understanding actual profits. Key topics include the benefits of electing S Corporation status for tax savings, the Qualified Business Income deduction, and the importance of proactive tax planning. John also discusses the value of boredom for creativity, effective breaks for productivity, and practical financial tips like setting up a tax savings account and prioritizing high-interest debt repayment. The episode offers a holistic approach to financial and mental well-being.

Learn more about John's firm, Incite Tax here: https://incitetax.com/

Yohance Harrison, the founder of Money Script Wealth Management, joins T.J. van Gerven in this episode of "Do More With Your Money." Yohance shares his journey from financial hardship to becoming a chartered retirement planning counselor and behavioral financial advisor. The discussion delves into the importance of financial literacy, the concept of "money scripts," and how personal beliefs shape financial behaviors. Yohance emphasizes the distinction between self-worth and net worth, the role of political climates in financial planning, and the necessity of focusing on controllable factors. Practical advice on debt management, budgeting, and creating a financial plan is also provided.