Russell Carriere public
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A topic driven, business focused show that takes. deep dive into business topics from the perspective of a business professional who buys/sells businesses for a living who works with one of the largest & most reputable firms in the country.
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This is the Red Barn Financial Podcast. Red Barn Financial is a financial advisory company serving family and small businesses. Red Barn Financial helps people: 1. Organize their finances and put together a plan for success 2. With their investments through financial plans and investment analysis and investment management. 3. With risk mitigation strategies including life insurance, disability insurance and more. 4. Through tax planning strategies 5. Setting up IRAs, brokerage accounts and o ...
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What is a Fractional COO? Here from Summer Goldman Connect with The Business Advocate Podcast on social media: Facebook: https://www.facebook.com/thebusinessadvocatepodcast/ Instagram: https://www.instagram.com/businessadvocatepodcast/ LinkedIn: https://www.linkedin.com/company/the-business-advocate-podcast YouTube: https://www.youtube.com/@TheBusi…
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When choosing a financial advisor, there are a number of questions you want to ask. In this episode of the Red Barn Financial Podcast, Sean Moran answers the Top 5 questions: Is the advisor licensed? Are they truly a financial advisor or are they an insurance agent or coach that gave themselves a fancy name? Don't just pick the first advisor you me…
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In this episode of the Red Barn Financial Podcast, Sean Moran talks about the areas in the Bible where it speaks about money. This is only scratching the surface, because there are over 2,500 verses that talk about money. If you feel convicted to do what God is calling you to do with your money, specifically being a good steward of what has been gi…
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Ep 78 Why Drawing From Your Retirement Account Early is a Costly Mistake Many times people take money out of their retirement account early so they can pay bills, because they changed jobs or for "easy access" to their money. In this episode of the Red Barn Financial Podcast, Sean Moran shares why this could be a costly mistake, but in the current …
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Taxes Done? You're NOT Finished Yet! Here's Why When you finish your tax return you want to understand what happened, what you can do for the next year to save taxes or to strategically prepare yourself for future years. In this episode of the Red Barn Financial Podcast, Sean will talk about what to look for on your tax return and things that you c…
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Why networking works Connect with The Business Advocate Podcast on social media: Facebook: https://www.facebook.com/thebusinessadvocatepodcast/ Instagram: https://www.instagram.com/businessadvocatepodcast/ LinkedIn: https://www.linkedin.com/company/the-business-advocate-podcast YouTube: https://www.youtube.com/@TheBusinessAdvocatePodcast…
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/ Connect with The Business Advocate Podcast on social media: Facebook: https://www.facebook.com/thebusinessadvocatepodcast/ Instagram: https://www.instagram.com/businessadvocatepodcast/ LinkedIn: https://www.linkedin.com/company/the-business-advocate-podcast YouTube: https://www.youtube.com/@TheBusinessAdvocatePodcast…
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Great topic on learning about how taxes affect the type of business you are and what are some of the things business owners get themselves in trouble. Connect with The Business Advocate Podcast on social media: Facebook: https://www.facebook.com/thebusinessadvocatepodcast/ Instagram: https://www.instagram.com/businessadvocatepodcast/ LinkedIn: http…
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In this episode I share some times when spending more money will save you money. As a financial advisor, I often advocate for people to save money for their future, but there are many times when spending more money can save you money in the long run. One example is for a quality "once in a lifetime" experience. There is a balance between spending t…
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Listen to the number 1 SBA individual contributor talk about and answer questions regarding the SBA 7a Loan Application and process. Great information if you are considering going the SBA route when buying a business. Connect with The Business Advocate Podcast on social media: Facebook: https://www.facebook.com/thebusinessadvocatepodcast/ Instagram…
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You do not want to miss the SBA 7a podcast launching tomorrow. Here is a quick peek at what you can expect. Connect with The Business Advocate Podcast on social media: Facebook: https://www.facebook.com/thebusinessadvocatepodcast/ Instagram: https://www.instagram.com/businessadvocatepodcast/ LinkedIn: https://www.linkedin.com/company/the-business-a…
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To buy or lease? Business owners go back & forth on this & there are many factors to consider as well as the best ways to do this. This episode is NOT one to miss if this is of interest to you. Russell & his guest, Robert Smith, cover many nuances in commercial real estate whether you are buying or leasing. Connect with The Business Advocate Podcas…
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Ep. 75 Taking Money out of your Retirement Account Can Destroy Your Financial Life In a podcast by Sean Moran, a financial advisor with Red Barn Financial, discourages people from withdrawing money from their retirement accounts before reaching the age of 59 and a half due to tax penalties and the added tax cost. The podcast discusses two real-life…
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Being overly invested in your business without personal protection can lead to significant problems, a more common issue than many realize. Recognize that you are your own best asset. Learn how to overcome the stigma of determining when you're "worthy" to invest by tuning in to this episode. It could have a positive impact on your future. Connect w…
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In this Episode of the Red Barn Financial Podcast I get the opportunity to interview Jackson Matheson of the Wood Group of Fairway Mortgage. He shares his experiences and the reason why he is passionate about the Home Equity Conversion Mortgage (HECM). Jackson shares why this tool gives you an opportunity to make sure you are financially secure in …
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A recent study by Boston College recommends ending 401(k) and IRA tax benefits in order to use the extra tax revenue to fund Social Security. I share in this podcast episode why I think that could be a bad idea that would lead to more issues for retirees in the future, which would mean simply transferring the problem to the future. The Center for R…
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Join Russell as he hosts Jared Johnson, the #1 SBA lender in the country, for an in-depth discussion. They cover the current state of banking, forecast its trajectory, and explore how businesses can capitalize on upcoming trends. From different types of loans and rates to tips on finding the right lender, this episode has it all. Don't miss out! Co…
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In this episode of the Red Barn Financial Podcast I have a great conversation with business broker Russell Carriere of First Choice Business Brokers. Russ is a 30 year entrepreneur who helps business owners understand what their businesses are worth and how to position a business for sale in the near or distant future. Russ can be contacted here: W…
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Ep. 69 Where you put your money is as important as how much you have. You want to be tax efficient with your money so the particular account you put different assets in will drive whether they are efficiently taxed or not. In this episode of the Red Barn Financial Podcast I will share some factors you need to consider when you are choosing where an…
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Marketing is such a big topic & encompasses many twists & turns. Join Russell as he welcomes James Danella of Media Vision Advertising to the show. Together, they help navigate what business owners need to know, whether they're handling their own marketing or considering hiring a firm. This engaging episode is packed with insights that will leave y…
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Ep. 68 How Much Money You Need To Have Saved For Retirement At Any Age In this episode of the Red Barn Financial Podcast, I discuss the amounts or ranges you want to save in order to be able to retire comfortably. If you haven't saved enough money yet to really get to where you want to be, that doesn't mean it's time to give up. It simply means it'…
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Russell Carriere, our host, briefly describes the nature of this show as well as a bit about his background & why he decided to develop this show for you... the business owner. Tune in & let us know what you think. If you have questions, be sure to reach out to us & Russell will address them on future episodes or will even bring on an expert specif…
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Episode 67 Tax Season Has Started Should You File Right Away? You can now file your 2023 tax return, but you may have reasons to hold off on filing your return. In this episode of the Red Barn Financial Podcast I discuss the reasons why you might want to hold off until you have what you need. If you are looking for some free resources for filing yo…
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Ep. 66 Proper Planning Can Leave You Prepared - Otherwise This Happens All too often we are going through life without the most important things we need for our financial security and the security of the ones we love. We end up missing these things because we are so busy doing the things that we believe are in our best interest but we aren't doing …
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In this episode I share the factors to consider when you are thinking about a lump sum payout vs a monthy payment like a pension or annuity. Each person's situation is a bit different, so this episode will share with you the different considerations when deciding between an pension/annuity versus a lump sum payout. Here is the example I go over in …
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Year End Recap - You can buy a house with how much down? In this episode I talk about the new rule that allows people to only put down 5% on purchases of multi-unit dwellings and what my thoughts are on that. I also share my top performing YouTube video and my top performing podcast episode. I share about my new book I co-authored with my wife call…
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In this episode of the Red Barn Financial Podcast, we go behind the curtain to learn the keys to building business credit without the personal guarantee. I interview Josh Love and Brittany Winner of J Galt. They share how you can build your business credit and why it's so much different than personal credit. To connect with Josh you can email him a…
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Podcast Title: Navigating the 2024 Tax Landscape: A Guide for Taxpayers There are some visual aspects of this episode that might be better suited for YouTube. If you would like to watch, here is the link: https://youtu.be/SUDo_pS0-A8 Description: Stay ahead of the curve with this insightful podcast as we delve into the key tax figures for 2024. Our…
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In this episode of the Red Barn Financial Podcast, Sean Moran explains the reasons why you might not want to put real estate in your IRA. You will find people pitching the idea of putting a real estate investment into an IRA, but there are many drawbacks from this strategy. First, real estate provides many tax beneficial treatments, but when you pu…
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Ep. 60 - Knowing This Rule When Trading Stocks Can Save You Taxes. There is a rule known as the wash sale rule under IRS Code Section 1091 that essentially will prevent you from taking a loss on the sale of a stock if you buy the same stock or security back in a short period of time. This time period is 30 days prior to the loss sale and 30 days af…
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Ep. 59 Year End Planning - Make the Most of Capital Gains and Losses In this episode of the Red Barn Financial Podcast, we will talk about how to minimize your taxes by taking advantage of capital gain and loss planning. We will talk about what the differences are between short term gains and losses versus long term capital gains and losses. I will…
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The September retail numbers are in and they came in hotter than expected. What might this mean for our economy and for inflation? What factors might shape the upcoming quarter and spill over into next year. We will share this with you in this episode of the Red Barn Financial Podcast. If you have questions about this strategy or other financial pl…
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Ep. 57 The Power of the Health Savings Account - Triple Tax Benefits In this episode of the Red Barn Financial podcast we talk about the power and benefits of Health Savings Accounts or HSAs. They provide unique tax benefits: You get a tax deduction for the contribution if you qualify for an HSA The money grows tax deferred If you take it out for q…
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In this episode of the Red Barn Financial Podcast I speak about the top 5 reasons people stay poor. While people can fall on hard times, it's all too often the habits and the things we are doing that keep us poor. If we make adjustments to these things, there is no reason that you can't be successful, at least in the US or another free country. If …
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Ep. 55 Helping One Million Plus Entrepreneurs with Jim Morris In this interview Jim shares how we wants to help 1,100,100 entrepreneurs. He plans to do this through Impact Events, his company that helps entrepreneurs through conferences and coaching. If you want to join his October event find it here: https://impacteffect23.com/ Use Promo Code ML33…
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Today I want to take a moment and commemorate September 11th 2001. Please take the time to share this story with your young children. It's so important for them to know how fortunate we are to live in a free country and that this can be taken from us at any time. Disclaimer: The information on the Red Barn Financial podcast is not tax, legal or inv…
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Ep. 54 How to Make Money on a Stock Without Buying it! If you would like to see the visual calculation, check out Red Barn Financial TV on YouTube. In this video I share the power of making money on a stock even if you don't end up buying it. Like any strategy, stock options can be a risk, but there are ways to mitigate that risk. If you have quest…
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Ep. 53 - Why Your Children's Inheritance Shouldn't Drive Your Retirement Thank you to Mary who commented on my YouTube video saying "Your kids would rather inherit the 401k, they don’t get squat of your pension." Thank you @MaryLopez-em3rc I respond to that question explaining that while I understand the comment and Mary can be correct, it could co…
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Ep. 52 Level Up Your Business - An Interview with Pepper Bethel of The TPI Group Pepper is a veteran of the US Navy and is the Director of Operations at TPI Group. Founded in 1994, TPI Group is one of the largest accounting, financial advisory and business development firms in the DC Metro area. We offer a progressive and holistic approach by servi…
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Ep. 51 - What Does A Financial Advisor Actually Do? In this episode of the Red Barn Financial Podcast, Sean Moran talks about things you should expect your financial advisor to do. Gone are the days of an advisor just holding your money and trying to grow it. You should expect more. If your advisor isn't making the cut, you should look for a new on…
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Ep. 50 - The Benefits of Hiring Your Children to Work for Your Company Should you hire your children to work for your business? There are a lot of great reasons to do so. You need to follow the rules and make sure you are paying your children a fair amount for a value added service to your business. If that's the case, then it could save taxes for …
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Ep. 49 Take These Steps Prior to Buying a House Prior to buying a home, you need a plan. In order to make sure you can afford your home you need to do some research on the house you can afford. You need to save, plan and set yourself up for success. On this episode of the Red Barn Financial Podcast, I'll share some of the strategies you may want to…
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Ep 48. Think Twice Before Putting Real Estate in Your Retirement Account If you were thinking about putting real estate in your IRA or 401k you need to listen to this. It may not be a good decision and it's one that could cost you financially in the long run. Consider the tax costs, the inability to use the property and the issues with selling or t…
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Ep.47 The Pros and Cons of CDs as an Investment Option Many people are turning to CDs as a safer way to save money right now, but is it really the best option? In this episode of the Red Barn Financial Podcast, we explore the pros and cons of Certificates of Deposit (CDs) as a savings vehicle. Pros: Interest Rates are higher than they have been Les…
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Ep.46 The Power of Giving - Why it's so important to have a giving heart In this episode of the Red Barn financial we do something a bit different and talk about the importance of giving of your money. We look at the biblical value of tithing and how it applies. Some of the verses discussed include: Malachi 3:8-14 Matthew 23:23 Luke 21:4 Proverbs 3…
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Are you able to weather the financial Market Storm? Much of it depends on what you do during econoimic downturns and what your risk tolerance is. If you would like to check out your Risk Tolerance, you can do so here: https://forms.office.com/r/PBJPmFAzVM If you worry when the market goes down, you are likely to lose money. It's a natural reaction,…
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Don't Run Out of Money In Retirement. When you are saving money and not withdrawing from your account it isn't important in what order gain years and loss years occur, you end up in the same place. When you are retired and you start drawing on those investments is when it can all go wrong. This is called Sequence of Returns risk. In this Podcast vi…
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Ep. 43 How To Invest Your Values with Todd Roitfarb of SeekInvest In this episode of the Red Barn Financial Podcast, Sean interviews Todd Roitfarb of SeekInvest. Todd shares why he created this software and what it can do for people who want to make sure they are investing in such a way that meets with their values. You may have heard of ESG, but d…
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Ep 42 Dont Make This Expensive Retirement Saving Mistake I have a client that engaged me to provide tax planning ideas so they can save taxes. Their current financial advisor does not provide tax planning as an offering, so they wanted someone who does, so they engaged me for this service. Upon gathering information, I learned that the husband is c…
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Too Many People just start investing in stocks, mutual funds, ETFs and bonds without a plan in place for what that truly means. They don't think of the order in which they need to organize their financial life and this lack of planning will result in unintended consequences. The first thing you need to do is look at your protection needs. First and…
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