Episodes

Ask Justin: How Should I Prioritise Excess Income When Starting a business, and Can I Grow My Savings at the Same Time?

2/27/2020
In episode 231 of Financially Simple, Justin answers a question on handling finances when planning to save and starting a business at the same time. If you’re debt-free and have a modest life-style, and are planning on starting a business as well as start saving for retirement - what is the best way to utilise excess income to best achieve those goals? Justin breaks down the question, addressing each part, and gives his advice on taking on good debt when starting business. Don’t forget to...

Duration:00:20:57

Ask Justin feat. Jonathan Mills Patrick: Should I Become an Entrepreneur?

2/24/2020
In episode 230 of Financially Simple, Justin welcomes back Jonathan Mills Patrick to the podcast to discuss the pros and cons of being an Entrepreneur. In an earlier Ask Justin episode, the question of whether or not to become an Entrepreneur over an Employee was asked. Justin and Jonathan revisit the question, and compare the pros and cons of following either route. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for...

Duration:00:30:16

Ask Justin: Do I Make Enough to Necessitate Wealth Management Services?

2/20/2020
In episode 229 of Financially Simple, Justin answers a question on when to hire a Financial Planner. Cindy asks, At what point should I consider hiring a Financial Planner - How much should I be making to necessitate having one? Justin goes over a few factors that you might consider when thinking about hiring a Financial Planner, and gives his own opinion on when it’s best to do so. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for...

Duration:00:16:47

Ask Justin: I’ve Inherited a Family Business, Should I Sell It or Grow It?

2/17/2020
In episode 228 of Financially Simple, Justin answers a listener’s question on inheriting a Family Business. Jack has taken over his late father’s business, and asks for guidance on whether he should continue with the business and grow it further or sell it. Justin gives advice based on his own experiences as a business owner and a financial advisor to other business owners. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for...

Duration:00:21:33

Ask Justin: How Does the Stock Market React During a Presidential Election Year?

2/13/2020
In episode 227 of Financially Simple, Justin gazes into his crystal ball to answer a listener’s question on predicting the stock market during an election year. Tiffany asked, How does the Stock Market react during a Presidential Election Year? Justin looks at different studies that have tried to analyse the market’s movements, in order to predict outcomes. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME...

Duration:00:19:24

Ask Justin: How Do You, Justin, Handle The Stresses Of Being a Business Owner

2/10/2020
In episode 226 of Financially Simple, Justin answers two questions from different listeners, relating to his own business practices. Cindy asks Justin, How do you as a Business Owner handle the stresses of running your business; and Himan asks, How do you handle decisions and doubt? Justin has a candid “fireside chat” about these issues, and how he personally deals with them. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for...

Duration:00:22:18

Ask Justin: What Steps Should I Take To Decide If I Should Accept An Offer To Buy My Business?

2/4/2020
In episode 225 of Financially Simple, Justin answers a listener’s question on what steps to take if you receive an offer for your business. Charlie asks Justin, what steps should I take to decide if I should accept an offer for my business? Justin explains what factors to assess in your personal life, and within the business itself, to determine whether or not the business should be sold. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for...

Duration:00:12:59

Ask Justin & Jeff: How Do I Determine How Much I Need To Retire?

1/30/2020
In episode 224 of Financially Simple, Justin and guest co-host Jeff Jeter look at the personal finance needs of Retirement. Podcast listener Sarah asks, How Do I Determine How Much I Need to Retire? Justin and Jeff look at the personal and business criteria, as well as other considerations to take into account when determining How Much. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 03:09 - Ask...

Duration:00:20:35

Ask Justin: What are the Best Tools for a Small Business?

1/27/2020
In episode 223 of Financially Simple, Justin answers a listener’s question on tools for Small Businesses. Shaun asks which software applications and tools are useful for Small/Medium Business Owners, to help run the business? Justin lists some of the tools that are used in his business, Heritage Investors, and gives advice on what matters. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 01:15 - Ask...

Duration:00:14:35

Ask Justin: What Should I Be Doing Right Now in my Business Finances?

1/23/2020
In episode 222 of Financially Simple, Justin answers the second part of a question regarding plans for the new year. Tim asks, “What is the numbering thing I should be doing right now in my Personal Finances, and Business?” Justin addresses the second part of the question, regarding Business plans, and briefly goes over the need for Strategic Planning. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME...

Duration:00:16:23

Ask Justin: What Should I Be Doing Right Now in my Personal Finances?

1/20/2020
In episode 221 of Financially Simple, Justin answers a question regarding plans for the new year. Tim asks, “What is the numbering thing I should be doing right now in my Personal Finances, and Business?” Justin gives his opinion for having a fresh start to the year 2020, and addresses the issue of Personal Finances in this first part of of the answer. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME...

Duration:00:14:27

Ask Justin: The HRA - What They Are and How They Work

1/16/2020
In episode 220 of Financially Simple, Justin answers a question about having a Health Reimbursement Arrangement. A listener of the podcast asks: I am a CPA about to get clients involved in a Spouse-Only HRA - What did you mean in your article “You must have a health plan to participate”? Justin responds, explaining what HRAs are, how they work, and what rules apply. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for...

Duration:00:22:00

Ask Justin: Starting an Investment

1/13/2020
In episode 219 of Financially Simple, Justin answers a question posed to him by a listener of the podcast. Listener of the podcast, Allan - recently divorced and coming up to retirement, poses the question: How should I go about starting an investment fund with my specific situation, and what are the costs? Justin goes over the question and gives his suggestions for a plan of action. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for...

Duration:00:23:27

Ask Justin: Q&A Session

1/9/2020
In episode 218 of Financially Simple, Justin answers a question posed to him by a listener of the podcast. Listener of the podcast, Adam from Grand Rapids MI, poses the question: Should I pay off my house early and invest until retirement, or sell and buy my retirement home with the plan to have it paid up by retirement? Justin breaks down the question, bit by bit, and gives his take on the matter. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for...

Duration:00:28:18

Planning for 2020

1/6/2020
In episode 217 of Financially Simple, Justin sets out his plans for the year ahead. A new year brings new opportunities as a business owner, to continue forging ahead, make improvements to your business plans, and to better yourself. Justin outlines his personal plans for his business Heritage Investors, and some of his own personal goals. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 00:59 -...

Duration:00:20:50

A Wrap Up to Season 2

12/17/2019
In episode 216 of Financially Simple, Justin wraps up Season 2, looking back on what has been covered and achieved, and looking forward to what’s still to come in Season 3 of the Financially Simple podcast. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 00:46 - A Wrap Up to Season 2 03:09 - Season 1 Recap 06:23 - Season 2 Recap 09:45 - What’s Happening Behind the Scenes 11:10 - Coming Up in...

Duration:00:16:54

How to Minimize Taxes When Selling Real Estate: Part 2

12/12/2019
In episode 215 of Financially Simple, Justin continues his examination of reducing tax costs when selling Real Estate. When selling property the 1031 Exchange route might not be the best option with so many disadvantages, so what other options are there? Justin explains the Opportunity Zone, what it is how it works, and provides a case study example of Comprehensive Tax Planning. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for...

Duration:00:15:28

How to Minimize Taxes When Selling Real Estate

12/9/2019
In episode 214 of Financially Simple, Justin begins to look at how to go about selling a Real Estate investment. As you grow your Real Estate investment portfolio, you will want to sell off property to be able to invest in other real estate opportunities and minimize the taxes incurred in the process. Justin goes over the types of exchanges that are possible when selling real estate to buy new property, as well as the rules and disadvantages of the processes. Don’t forget to subscribe, and...

Duration:00:19:35

How Can You Pay For Investment Real Estate?

12/5/2019
In episode 213 of Financially Simple, Justin lists the ways in which you can pay for Real Estate investment. As you consider getting into Real Estate investing, you might need to take out a loan to buy the property. Justin looks at the different types of loan available, as well as other possible lines of credit, that you can use to purchase an investment property. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for...

Duration:00:17:22

Should You Use Your IRA to Buy Investment Property?

12/2/2019
In episode 212 of Financially Simple, Justin considers whether or not you should use your IRA to buy investment property. Can you use your IRA savings to invest in real estate? Yes, you can - but should you? Justin looks at the ins and outs of using your IRA to invest in property, and gives his advice on whether or not it is a good idea. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 02:00 - Should...

Duration:00:17:50