Episode description
Episode description
EP 124 | Profit Boss® Radio
Welcome to the first Ask Hilary episode of Season 3 of Profit Boss® Radio! All season long, I encourage you to send me your financial questions so that I can answer them on the show, and I’m happy to share that my listeners have great questions that I know all of you will learn from and be able to apply to your own lives.
Today’s episode includes questions about business taxes, the stock market, prioritizing your money to save for retirement, and investments. I’m thrilled to answer all these listener questions in today’s episode. Thank you to Nikki, Carrie, Malaika, Ina, and everyone else that sends me questions.
Here’s what you’ll find out in this week’s episode of Profit Boss® Radio.
What You’ll Learn from This Episode- What the tax benefits are when you run your own business
- What you can write off as a business expense and what you can’t
- Why it’s great to be a business owner: Perspective on the upside of being your own boss
- How you can reach ALL your financial goals and needs
- Why you can prioritize your retirement savings in light of your everyday expenses...and should!
- Whether or not you should ever buy individual stocks
- Why it’s so difficult to profit from individual stock picking, but how you can benefit from company growth by investing a different way
- The benefit of investing in mutual funds vs. individual stocks
- How to approach investing like Warren Buffett
- What a balanced fund (fund of funds) is and why it’s used with some of our Ignite clients
- How we evaluate investment funds and what the ratings mean from Morningstar, Lipper, Zacks, TheStreet.com, and CFRA
- Insider Insights: What goes into investment recommendations, meaning how we select certain investment funds over others for our clients
- What you should know about expense ratios and the impact they have on investment performance
- Why stock returns are unpredictable and why it’s so difficult to profit from stock news you hear in the media
- Where you can get financial advice
For more details, please visit our show notes on our website:
Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.