Transforming Your Business

Key Takeaways

  • Successful business owners never take their eye off the ball or ignore potential threats that could be coming down the pike.
  • Relentless focus and continuous growth are essential to long-term business success.
  • Make sure you take time every quarter to get out of the office and work on your business, not just in the business.
  • Keep clarifying your vision for the future, and get everyone on your team on board. Organizations like Strategic Coach®, YPO and Vistage can help.

The 2 Out of 3 Tax Rule

Key Takeaways

  • There are 3 tax benefits you can take advantage of when considering investments.
  • Most investment assets can take advantage of 2 out of the 3 tax benefits which are tax deductibility, tax deferment, and tax free.
  • Investing in one of these tax benefit type accounts can significantly increase your returns over time versus investing in a taxable asset.

Rockefeller Rules!

Key Takeaways

  • Saving before you spend, using other people’s money wisely, and making compound interest work in your favor will give you a big leg up in your financial life.
  • Staying well-informed about taxes and applying time and discipline to investment management will keep you on the right track toward building wealth.
  • Saving 20 percent of what you earn is a great lifelong wealth-building discipline to have.

5 Top Retirement Regrets

Key Takeaways

  • You want to be prepared for your retirement, not side-lined by it.
  • There are 5 top regrets people have when they enter retirement, and they are all things that can be avoided with some thoughtful planning and preparation.
  • A great pre-retirement resource to read is Younger Next Year by Chris Crowley and Henry Lodge.