DecaMillionaire Decoded

In episode 285 of Financially Simple, Justin is joined by Brandon Jordan to continue their baseball analogy and discuss the role of the Legal Team in the Left Infield. In baseball, the left infield covers much of the offensive and defensive roles needed to run a winning game; likewise, a solid legal team is necessary for any business owner to ensure that they have their bases covered. Justin and B...

In episode 284 of Financially Simple, Justin is joined by David Kent to talk about the return of business to the relative normality of a post-COVID world. With the Coronavirus pandemic seeming to turn the corner and businesses having made adjustments to their business strategies, it's important to take stock and assess the changes of what is now the norm.   Justin and David look at what has change...

In episode 283 of Financially Simple, Justin is joined by Jeff Jeter to discuss whether or not, as a Small Business Owner, you should buy or lease a vehicle. With the current COVID-19 pandemic affecting our finances and remote work, it might be time to consider either buying a vehicle or leasing one to make the most of the situation. Justin and Jeff go over the pros and cons, and practical realiti...

In episode 282 of Financially Simple, Justin, Brandon Jordan, and special guest Tom Barrick of Waldron H. Rand & Co. discuss the benefits of a forwarding thinking CPA on your Team. As a Business Owner building your Success Team, it is important to have the right players on your side.   Justin, Brandon, and Tom continue the baseball analogy and talk about the importance of having a capable CPA that...

In episode 281 of Financially Simple, Justin and Jeff Jeter go over the different types of debt and how to use debt to your advantage. Most people fear the word Debt, but is it all bad? Justin and Jeff talk about their own personal experiences of having to deal with debt, and discuss the differences between Consumptive Debt and Productive Debt, as well as considering when and how to best leverage...

In episode 280 of Financially Simple, Justin goes over the Payment Protection Program Loan Forgiveness Application Form 3508EZ. The PPP Loan Forgiveness form is intended to provide financial relief for business owners during the COVID-19 pandemic. Justin looks through the different sections of the application form to provide guidance and explains each part for you to follow along. Don't forget to...

In episode 279 of Financially Simple, Justin talks to Chris Steward about Factor Investing. Is there a good way to invest, or is it down to luck and the markets? Justin and Chris discuss Factor Investing, what it is, and how best to approach it as a small business owner. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME...

In episode 278 of Financially Simple, Justin talks to athlete, author, and mentor Derrick Furlow about making a transition in business during hard times. With the current COVID-19 pandemic affecting businesses, many Small Business Owners are having to think out of the box, and come up with alternative solutions to stay afloat. Justin and Derrick talk about what it takes to make a pivotal change du...

In episode 277 of Financially Simple, Justin and David Kent take a look at the Emergency Injury Disaster Loan (EIDL). In light of the COVID-19 pandemic, the government has set terms for the EIDL that are favorable for business owners to help them get through the crisis. Justin and David go over the terms and conditions of the loan and give their thoughts on how best to use it. Don't forget to subs...

In episode 276 of Financially Simple, Justin looks at the Paycheck Protection Program Loan Forgiveness Application. With the ongoing COVID-19 pandemic, new legislation is in the works to help Small Business Owners keep their business running. Justin goes over the PPP Loan Forgiveness Application, step-by-step, to help Business Owners understand how it works and how to fill it out. Don't forget to...

In episode 275 of Financially Simple, Justin is joined by Jeff Jeter to cover the ins and out of Dollar-Cost Averaging. Buy low, sell high - that's essentially what Dollar-Cost Averaging is, but there's more to it than that. Justin and Jeff discuss what Dollar-Cost Averaging is, and break down the math behind it in Financially Simple terms. Don't forget to subscribe, and let us know how we are doi...

In episode 274 of Financially Simple, Justin is joined by Chris Steward to consider whether the Stock Market can be beaten? Investing in the Stock Market is more than just picking a few stocks that look good, there are many, many factors that should be considered when taking the plunge. Justin and Chris discuss the idea of beating the system, and why it's more complex than "buy low, sell high". Do...

In episode 273 of Financially Simple, Justin reconnects with Brandon Jordan to continue their discussion on building a Business Success Team. Carrying on with the Baseball analogy, the First Base player of your Success Team is your CPA. Justin and Brandon go over what makes for a good CPA, and how to find one. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks...

In episode 272 of Financially Simple, Justin talks to Sarah Alexander of Results HR about the effects of COVID-19 on employer-employee relations. The COVID-19 pandemic has caused a shift in the operations of many businesses, as employees have been forced to work from home which, in some types of business, has been challenging. Justin and Sarah discuss the role of HR pre-COVID, and how Small Busine...

In episode 271 of Financially Simple, Justin and Chris Steward talk about the 4% Rule of investing and why it could be a dangerous rule to follow. For many Business Owners, an investment portfolio is a key to wealth creation and retirement. Justin and Chris discuss the 4% Rule of return, and why it's not an accurate rule of thumb to follow along with the importance of seeking qualified advice when...

In episode 270 of Financially Simple, Justin and Jeff Jeter discuss the impact of COVID-19 on retirement plans. The ongoing Coronavirus is taking a toll - financially and emotionally; with no certain end in sight, what can Business Owners do to keep control of their retirement plans? Justin and Jeff look at how the Social Security Trust Fund has been affected by COVID-19, what that means, and what...

In episode 269 of Financially Simple, Justin looks at the upcoming changes to the Payment Protection Program. With the ongoing COVID-19 pandemic, Congress is having to adapt and make some changes to legislation to accommodate developments for Business Owners. Justin looks at the new changes that have been made with the PPP Extension. Don't forget to subscribe, and let us know how we are doing by l...

In episode 268 of Financially Simple, Justin and Jeff Jeter discuss how much risk a Small Business Owner should expose themselves to in their portfolio. As a Small Business Owner, or individual with an investment portfolio, striking up the right balance of risk against what you can afford will help you on your financial success journey. Justin and Jeff look at what Risk is, compare Risk Tolerance...

In episode 267 of Financially Simple, Justin is rejoined by Brandon Jordan to discuss the key players of a Success Team... the advisory people, often outside your business, that support you in vital areas.  If there's an analogy to life, the world, and everything including business, it's baseball! Justin and Brandon go through the key members of a Success Team business owners need on their side, l...

In episode 266 of Financially Simple, Justin discusses recent movements in the stock market in response to developments during the COVID-19 pandemic with Chris Steward. The recent recovery in the stock markets has some curious as to the cause of the improvements, considering many businesses are still compromised by the Coronavirus lockdown. Justin and Chris consider the cause of the rebound, what...

In episode 265 of Financially Simple, Justin speaks to financial podcaster David Stein about money, national debt, and more. The Coronavirus is causing governments, globally, to take measures to protect citizens and business interests. Justin and David discuss what money is, what National Debt is and how it affects Small Business Owners, and how businesses should conduct themselves accordingly. Do...

In episode 264 of Financially Simple, Justin is joined by David Kent to go over using a SWOT Analysis to assess your business. As the pandemic fades away small business owners are making time to re-evaluate their business plans and strategies. Justin and David discuss how to conduct a SWOT Analysis and use the results to make changes based on your business's strengths and weaknesses. Don't forget...

In episode 263 of Financially Simple, Justin teams up with Jeff Jeter to talk about the differences between Non-Qualified accounts, IRAs, and ROTHs. Investing your savings can be confusing with the number of different options available - which should you consider? Justin and Jeff look at each account type, evaluate their purposes, and discuss when to use one or the other. Don't forget to subscribe...

In episode 262 of Financially Simple, Justin is joined by Brandon Jordan to discuss the tentative relationship Business Owners have with Financial Advisors. Who knows best what is in the interests of a Small Business Owner on how to increase their wealth? Wall Street execs? Financial Advisors? Or a guy their friend knows? Justin and Jordan take a look at the relationship between Business Owners an...

In episode 261 of Financially Simple, David Kent joins Justin to go over Team Management practices during COVID-19. As Small Business Owners prepare themselves for when the current crisis passes, it's important to address Team Management in order to effectively carry out your strategy. Justin and David go over five key points to help Small Business Owners address Team Management. Don't forget to s...