DecaMillionaire Decoded

In episode 189 of Financially Simple, Justin takes a looks at SIMPLE 401ks. 401ks, SIMPLE IRAs, and now SIMPLE 401ks - the options for a Small Business owner to choose from for their employees' retirement funds can be overwhelming. Justin gives a breakdown of SIMPLE 401k funds, detailing the why, who, and when of having one. Don't forget to subscribe, and let us know how we are doing by leaving a...

In episode 188 of Financially Simple, Justin looks at Simplified Employee Pension IRAs. A SEP IRA allows Business Owners and the Self-Employed to contribute to their IRAs, using a few nifty tricks. Justin explains why SEP IRAs are useful, their pros and cons, and when you might use one to maximize your IRA benefits. Don't forget to subscribe, and let us know how we are doing by leaving a review. T...

In episode 187 of Financially Simple, Justin goes over SIMPLE IRAs. A SIMPLE IRA is a Savings Incentive Match Plan for Employee IRA, which is a tax-deferred retirement plan allowing for investment. Justin explains the pros and cons of a SIMPLE IRA, and why a Business Owner might choose one over another employee retirement strategy. Don't forget to subscribe, and let us know how we are doing by lea...

In episode 186 of Financially Simple, Justin compares IRAs and ROTHs from a Business Owner's perspective. IRAs and ROTHs may appear to be similar on the surface of things, but when it comes to investing as a Business Owner, there are differences that you will need to consider depending on your goals. Justin goes over the differences between IRAs and ROTHs and explains why one might suit your requi...

In episode 185 of Financially Simple, Justin begins to look into investing as part of his Personal Finance for Business Owners series. There are a lot of choices when it comes to investing with regard to personal finance. Justin gives an overview of the four types of investments, which will be covered in depth in the following episodes of Financially Simple. Don't forget to subscribe, and let us k...

In episode 184 of Financially Simple, Justin lists the 39 types of Trusts that are useful for planning. There are a lot of different Trusts available, and knowing the ins and outs of each of them can be overwhelming when trying to figure out which will meet your needs. Justin gives the Financially Simple treatment to Trusts, giving breakdowns and descriptions of the 39 types most used for planning...

In episode 183 of Financially Simple, Justin gives an introductory overview of the types of Legal Trusts available. A Trust can be used for various reasons to safeguard your wealth, and to protect your dependents. Justin goes over the nine types of Trust, what they are and how they can work for your benefit. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks fo...

In episode 182 of Financially Simple, Justin looks at the other documents necessary alongside a Last Will and Testament. Besides the Will, there are a few other documents that you should consider sorting out in case of any eventualities. Justin goes over the other key Estate Planning documents that you should have to cover all the bases. TRANSCRIPT/BLOG: BLOG: Necessary Estate Planning Documents D...

In episode 181 of Financially Simple, Justin continues his discussion on Last Will and Testaments. Having a Last Will and Testament will ensure that your assets are dispersed according to your wishes if you get the details right. Justin goes over the fundamental basics that need to be   accurate and clear in the document to ensure that there will be no problems or conflicts of interest when it's n...

In episode 180 of Financially Simple, Justin gives Last Will and Testaments the Financially Simple treatment. What will happen to your estate and possessions when you die? Who will be responsible for administering your wishes of who gets what? Justin gives an overview of Wills, why you should have one drawn up and what the risks are of not having one in place. TRANSCRIPT/BLOG:  https://financially...

In episode 179 of Financially Simple, Justin talks to Michael Crane of The Crane Group about Group Health Insurance. Group Health Insurance can be used to provide coverage to employees, at a reduced cost for the Business Owner. Justin and Michael discuss in this second episode of two, the ins and outs of Group Health Insurance and how it may apply to your business. TRANSCRIPT/BLOG:  BLOG: Group He...

In episode 178 of Financially Simple, Justin talks to Michael Crane of The Crane Group about Health Insurance. Getting the right Health Insurance coverage can be a frustrating exercise. Not understanding the terminology or which package will meet your needs is enough to keep you up at night. Justin and Michael sit down in this first of two episodes to go over the basics before diving in deep. TRAN...

In episode 177 of Financially Simple, Justin discusses Long-Term Care policies and coverage with expert Jim Detar. Long-Term Care policies have changed over time as insurers adjust to the trend of increasing the amount of care. Justin and Jim Detar go over these trends, what to look for in a policy, and alternative options to Long-Term Care policies. TRANSCRIPT/BLOG: BLOG: Long-Term Care Part II -...

In episode 176 of Financially Simple, Justin continues his analysis of Risk Management by looking at Long Term Care and how it can affect you as a business owner. Long-Term Care is an increasing problem - as people live longer, the risk of becoming susceptible to an illness that affects their day-to-day concerns increases. In this first episode of two about Long-Term Care, Justin explains the basi...

In episode 175 of Financially Simple, Justin gives a quick overview of Business Overhead Disability Insurance. While Disability Insurance will cover you and your family if you are injured and unable to work, Business Overhead Disability Insurance will take care of your business while you are recovering. Justin gives a brief summary of the what and how of this particular insurance. TRANSCRIPT/BLOG:...

In episode 174 of Financially Simple, Justin takes a look at Disability Insurance and considers whether or not it is necessary. Life happens - unexpected events occur that can take you out of the game and can leave you without a means to earn an income. Disability Insurance policies are meant to cover such instances. Justin gives an overview of what Disability Insurance is, as well as why and when...

In episode 173 of Financially Simple, Justin asks if, as a Business Owner, you should get a Life Insurance policy to fund your retirement. There can be many pitfalls and some confusion when getting a Life Insurance policy - but what if you were to invest the money instead? Justin answers this question and gives advice and examples of what the alternatives are. TRANSCRIPT/BLOG: BLOG: Should I buy a...

In episode 172 of Financially Simple, Justin goes over the basics of Life Insurance. Part of risk management is taking care of business and your family in case of your death - having an insurance policy in place to provide for your business and employees, and your family once you're gone. Justin goes over the fundamentals of Life Insurance, the types of cover, which you need, and why. TRANSCRIPT/B...

In episode 171 of Financially Simple, Justin looks at Umbrella Insurance policies. Your typical insurance coverage only goes so far, and if the claim exceeds the coverage you can have problems - Umbrella coverage covers these instances. Justin explains the basics of Umbrella Policies, what they cover and why you might need one. TRANSCRIPT/BLOG: BLOG: Umbrella Insurance Policy - Why Business Owners...

In episode 170 of Financially Simple, Justin takes a look at the basics of Home Owners' Insurance Policies. Part of risk management for any small business owner is the protection of their home and the valuables within. Justin gives an overview of the What, Why, and How of Home Owners' Insurance, with some advice from personal experience. TRANSCRIPT/BLOG:   BLOG: Homeowners Insurance - How Often Sh...

In episode 169 of Financially Simple, Justin gives an overview of Auto Insurance. Your car is an asset, and as such, it should be protected, by law in some cases, by insurance against it and third parties. Justin goes over the basics of Auto Insurance, the ins and outs of policies, and various points to consider when taking out insurance. Don't forget to subscribe, and let us know how we are doing...

In episode 168 of Financially Simple, Justin compares types of Insurance Providers. As a Business Owner it pays to have the best coverage for yourself and your business. Justin looks at Insurance, and compares Captive Agents with Brokers - which is better for your business needs. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! TRANSCRIPT/BLOG:...

In episode 167 of Financially Simple, Justin looks at the type of Mortgage a Business Owner should have. When taking out a mortgage, it's worth considering your options as a Business Owner - weighing the prospective interest rates, payment options, and alternatives. Justin looks at all the options, including some that you may never have considered. Don't forget to subscribe, and let us know how we...

In episode 166 of Financially Simple, Justin considers how much  Small Business Owners should spend on buying a house. Everyone wants to live comfortably, and some want to live luxuriously - but at what cost? Justin looks at the thinking and motivation of millionaires who live comparatively frugally, in order to maintain a secure lifestyle and healthy financial situation. Don't forget to subscribe...

In episode 165 of Financially Simple, Justin shares a personal case study of his own on buying a new car for less. Buying a new car is often the second greatest expense for most people, so is it possible to save money on this cost? Justin compares methods of paying for a new car and comes up with his own tactic to save big. Don't forget to subscribe, and let us know how we are doing by leaving a r...