DecaMillionaire Decoded

In episode 207 of Financially Simple, Justin introduces Real Estate Investing. If you own your home, or business premises, you've invested in Real Estate; but besides investing in your own property, did you know you can invest in much, much more? Justin begins looking at the potential of Real Estate investing, by listing the various categories and sub-categories of Real Estate that you can invest...

In episode 206 of Financially Simple, Justin compares Active and Passive Funds and ETFs. What are Active and Passive Funds, how do they work, and which is better? Justin looks at both Active and Passive Funds and ETFs, comparing the pros and cons of each. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ Transcription & Additio...

In episode 205 of Financially Simple, Justin provides a simple guide for picking Mutual Funds. When deciding which Mutual Funds to invest in, a lot of new investors can make the mistake of only looking at the numbers. Justin breaks down what investors should be looking at when selecting Mutual Funds to invest in. Don't forget to subscribe, and let us know how we are doing by leaving a review. Than...

In episode 204 of Financially Simple, Justin gives a very simplified explanation of what Mutual Funds are. If you're considering investing, but are not wanting to go for individual stocks and shares, a Mutual Fund might be a good option for you. Justin looks at what Mutual Funds are, the pros and cons, as well as the costs. Don't forget to subscribe, and let us know how we are doing by leaving a r...

In episode 203 of Financially Simple, Justin examines the perceived added value of having an Investment Advisor when investing. When you decide to invest, you might hire the services of an Investment Advisor or you might decide to go it alone using information that is readily available. Justin looks at two reports that investigate the topic of hiring an Investment Advisor, and the real and perceiv...

In episode 202 of Financially Simple, Justin looks at another reason to invest: Compound Interest. There are many reasons to invest, and Compound Interest is one of them. Justin explains what Compound Interest is, how it works, and why it's an integral reason for investing for future generations of your family. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks...

In episode 201 of Financially Simple, Justin gives an outline of Diversification in Investing. Just as you shouldn't invest solely in your business, you should also avoid investing in only one or two portfolio options outside of your business. Justin looks at the process of Diversification: what it is, why it's a good idea, the options available, and the dangers to be aware of. Don't forget to sub...

In episode 200 of Financially Simple, Justin revisits the topic of investing outside of your Business. As a Business Owner, most of your wealth is tied up in your business and you plan on unlocking that wealth when you decide to sell or retire - but what if you can't sell, or don't get the best possible deal? Justin gives a quick revision on why you shouldn't invest exclusively in your business an...

In episode 199 of Financially Simple, Justin considers the investment strategy of Timing the Market. When to buy, when to sell; when to invest, when not to invest - these are questions most investors ask. But, the answers are not as simple or straightforward as they might hope. Justin explains what Timing the Market is, and examines whether or not it really does work the way everyone thinks. Don't...

In episode 198 of Financially Simple, Justin continues with the Investing 101 Overview, looking at Dollar-Cost Averaging. Dollar-Cost Averaging is a simple investment method that takes the complexity of reading the market and timing your investment strategy out of the equation. Justin looks at the pros and cons of Dollar-Cost Averaging, and explains some advanced strategies to get the most out of...

In episode 197 of Financially Simple, Justin continues with the Investing 101 Overview and explains Rebalancing and Target-Band Rebalancing. Buy Low Sell High: this is the core principle of Rebalancing in a nutshell. Knowing when to do so and factoring in considerations such as Contributions and Withdrawals adds a layer of complexity to this simple mantra. Justin explains what Rebalancing and Targ...

In episode 196 of Financially Simple, Justin continues with the Investing 101 Overview and looks at Risk Tolerance. Investing has its ups and downs, the risks and the rewards - so knowing your Risk Tolerance Profile and Capacity are necessary in order to make the correct investments. Justin explains Risk Tolerance and Capacity, as well as the three types of Investment Horizon that will help you de...

In episode 195 of Financially Simple, Justin begins a series on Investing 101. Creating an investment portfolio can be confusing and intimidating, with many different types of investment options, strategies, and terminology. Justin breaks down investing in Financially Simple terms, giving an overview of the basic types of investments. Don't forget to subscribe, and let us know how we are doing by...

In episode 194 of Financially Simple, Justin continues his overview of Investing 101 and takes a look at Non-Qualified Investments. From a personal finance perspective, Non-Qualified investment accounts can have different uses depending on the type of account. Justin goes over the different types of accounts and gives advice on what each account is useful for and what to avoid. Don't forget to sub...

In episode 193 of Financially Simple, Justin and Jennifer McConnell take a look at adding a Cash Balance to a 401k plan. As a successful business owner, the provisions of the 401k might be too limiting, and you might want to increase the amount that you can put away - a Cash Balance might be the answer. Justin and Jennifer explain what a Cash Balance plan is, how it works, and who it's for. Don't...

In episode 192 of Financially Simple, Justin continues his discussion with Jennifer McConnell of July Business Services about 401(k) funds. There are two specific provisions of the 401(k) that are worth a closer look: Safe Harbor and Profit Sharing. Justin and Jennifer look at the Safe Harbor and Profit Sharing provisions and consider the pros and cons of each for a Small Business Owner. Don't for...

In episode 191 of Financially Simple, Justin talks to Jennifer McConnell of July Business Services about the basics of a 401(k) fund. 401(k) funds are the most common type of retirement fund used by Business Owners to set aside money for their employees. Justin asks Jennifer to go over the basics of a 401(k), how they work and what's involved in setting one up. Don't forget to subscribe, and let u...

In episode 190 of Financially Simple, Justin goes over Solo 401k Funds. If you are a Solopreneur, independent contractor, or individual business owner, then a Solo 401k might well be the investment fund for you. Justin explains the ins and outs of the Solo 401k, and shares some insightful tips on why it's a great option for individual business owners. Don't forget to subscribe, and let us know how...

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...