))
Welcome to the Biz Academy Podcast, the perfect place to fuel your entrepreneurial spirit. Whether you're navigating the exciting yet challenging world of small business for the first time, or you're a seasoned pro looking for fresh insights, you've come to the right place! In each episode, we delve deep into the realities of business ownership, bringing you valuable lessons, practical how-tos, and expert insights to help you thrive in your venture.
…
continue reading
Embark with me, Wyatt Yates, on a transformative journey through the evolving landscape of business ownership in our first episode under the new banner of the Biz Academy Podcast. After three years of financial coaching and a significant rebrand from Rugged Financial to Biz AccountPros, we've become a beacon for business owners in need of outsource…
…
continue reading
1
Inflation Part 2: The Shortcomings in How We Measure It
20:19
20:19
Play later
Play later
Lists
Like
Liked
20:19
Inflation in the U.S. is at a 40 year high of 7.5% in January 2022. However, most people's bank accounts are experiencing a much higher number. The reason is, there are some major misses in how the BLS calculates the CPI number that is the gold standard in inflation. In this episode, we discuss the 6 biggest issues with how we calculate inflation t…
…
continue reading
1
Inflation Part 1: Why It Feels Higher Than What The News Says
26:29
26:29
Play later
Play later
Lists
Like
Liked
26:29
This is part 1 of our 3 part series on inflation. Inflation measured by the Consumer Price Index (CPI) hit a 30 year high in October 2021 at 6.2%. However, depending on your situation you may be experiencing higher or lower price increases with your spending. How is that possible? Why are you experiencing a different number than what the news chann…
…
continue reading
1
Money Myth: Everybody Needs Life Insurance
24:50
24:50
Play later
Play later
Lists
Like
Liked
24:50
In this episode, I discuss life insurance. What is the purpose of life insurance? Do you need it? What type of life insurance do you need? How much life insurance should you have? Listen to find out. Subscribe to get our Financial Tip Friday emails here, https://mailchi.mp/f645a5adc403/join-our-community Visit our website www.RuggedFinancial.com…
…
continue reading
1
Money Myth: I Don't Need a Financial Advisor
38:20
38:20
Play later
Play later
Lists
Like
Liked
38:20
In this episode, I discuss the value of a Financial Advisor. Do you need a Financial Advisor? Are they really worth the extra expense? When does it make sense to hire a financial professional to help you? How do they get paid? What are some things you need to watch out for to make sure you are protected and served properly? What types of Financial …
…
continue reading
1
Money Myth: Millionaires Inherit Their Money
13:58
13:58
Play later
Play later
Lists
Like
Liked
13:58
In this episode, I discuss what it means to be a millionaire. How many millionaires are there in the US? How do you determine who is a millionaire? What does the typical millionaire look like? What is their occupation? Where did they go to school? How long did it take them? Can you become a millionaire? Listen to find out. Action Steps: Calculate y…
…
continue reading
In this episode, I discuss how much you need to save and invest for retirement. How do you calculate how much you need in retirement funds? What factors impact how much you need to save and invest for retirement? What one thing should you watch out for that can drastically reduce how much you have in your retirement accounts? Listen to find out. Ac…
…
continue reading
In this episode, I discuss why waiting to save and invest for retirement is a bad financial habit. How much does delaying paying yourself cost you? What are the 3 reasons you cannot follow this mindset of investing later? Listen to find out. Action Steps: Go to this retirement calculator and enter in your current financial data and age to see what …
…
continue reading
1
Money Myth: My Kids Are My Financial Priority
16:00
16:00
Play later
Play later
Lists
Like
Liked
16:00
In this episode, I discuss why every parent has at least thought this at one time or another. What are your responsibilities as a parent? Should your kids be your financial priority? Does having kids change your financial priorities? Listen to find out. Action Steps: Look at line items in your budget that you are spending money on that you use your…
…
continue reading
1
Money Myth: Save For Your Kids Education Right Away
12:17
12:17
Play later
Play later
Lists
Like
Liked
12:17
In this episode, I discuss the benefits of starting early with saving for your children's education. What type of tax-advantaged plans are available for education savings? When should you start saving for your kids' education? What changes were made to these plans with the 2017 Tax Cuts and Job Act? Listen to find out. Action Steps: Set up an Educa…
…
continue reading
1
Money Myth: You Need A College Degree To Be Successful
9:50
9:50
Play later
Play later
Lists
Like
Liked
9:50
In this episode, I discuss the value of a college education. Should you get a college degree? Can you be successful without a college degree? What is the most important aspect of a college education? Listen to find out. Action Steps: Write down one skill you want to develop or thing you would like to learn. Then start working on it. Get that book, …
…
continue reading
1
Money Myth: My Student Loans Will Be Forgiven
15:53
15:53
Play later
Play later
Lists
Like
Liked
15:53
In this episode, we discuss the student loan forgiveness program. What percentage of borrowers actually have their loans forgiven? Can you count on loan forgiveness to eliminate your student loan debts? Is there a better way? Listen to find out. Action Steps: Go back and listen to Episode 6 and follow the action steps in that episode to tackle payi…
…
continue reading
In this episode, I discuss what investing in yourself means. What are the three reasons you should believe this myth in regards to your personal finances? What ways can you invest in yourself to increase your income? Listen to find out. Action Steps: Write down one way you can invest in yourself to increase your earning potential. Then start doing …
…
continue reading
In this episode, I discuss how we all have fallen victim to lifestyle creep in some way. What is lifestyle creep? How can you avoid and minimize it? Listen to find out. Action Steps: Identify areas in your spending where you have fallen victim to lifestyle creep. What changes can you make to either eliminate or reduce these? Subscribe to get our Fi…
…
continue reading
1
Money Myth: We Don't Need to Combine Finances
16:31
16:31
Play later
Play later
Lists
Like
Liked
16:31
In this episode, I discuss this common myth that dooms couples with their finances and relationship. Are couples that combine their finances happier? Are couples that combine finances less likely to break up? How does combining finances improve your relationship? Listen to find out. Action Steps: 1) Combine your finances with your spouse and elimin…
…
continue reading
In this episode, I discuss this common self-talk that gets people in trouble with their personal finances. What can you do when this type of self-rationalization occurs to make sure you stay on track with your financial goals? Listen to find out. Action Steps: Implement the 24 hour rule. Subscribe to get our Financial Tip Friday emails here, https:…
…
continue reading
1
Money Myth: My Partner Handles Our Finances So I Don't Have To
13:02
13:02
Play later
Play later
Lists
Like
Liked
13:02
In this episode, I discuss the 3 reasons both spouses need to be involved in your personal finances and what it should look like. Listen to find out. Action Steps: Have a weekly spouse meeting to go over your schedule, goals and finances. Subscribe to get our Financial Tip Friday emails here, https://mailchi.mp/f645a5adc403/join-our-community Visit…
…
continue reading
1
Money Myth: Selling My Home Without a Realtor Saves Me Money
16:38
16:38
Play later
Play later
Lists
Like
Liked
16:38
In this episode, I discuss what you typically will pay in realtor commissions when you sell your home. Should you try selling your home yourself? What are the pitfalls when trying to do it yourself? Listen to find out. Action Steps: If you are looking at selling your home, find a good real estate agent to help you with the process. Vet them. Check …
…
continue reading
1
Money Myth: My Lender Will Tell Me How Much Home I Can Afford
9:20
9:20
Play later
Play later
Lists
Like
Liked
9:20
In this episode, I discuss how large of a mortgage lenders will approve you for and why they are willing to do so. Is this amount too much? Who should determine what you can afford? What is a good metric to follow when budgeting for housing costs? Listen to find out. Action Steps: Calculate your current housing costs. Make sure you add in all the c…
…
continue reading
In this episode, I discuss the benefits of homeownership that lead to the existence of this myth. What has home value appreciation been historically? What are the tax benefits of homeownership? Is your home really an investment? Listen to find out. Action Steps: Change your mindset about your home. View only things that generate income and cash flo…
…
continue reading
1
Money Myth: Buying a Home is Better Than Renting
20:36
20:36
Play later
Play later
Lists
Like
Liked
20:36
In this episode, we discuss when it is the smart financial decision to rent versus buy, the benefits of renting, and the additional costs of homeownership. Should you rent or dive into homeownership? Listen to find out. Action Steps: If you are currently renting and considering buying your own home do the following: (1) Get your financial house in …
…
continue reading
1
Money Myth: 0% Interest Loans are Free Money
21:36
21:36
Play later
Play later
Lists
Like
Liked
21:36
In this episode, we discuss the hidden fees and catches behind these types of debt offerings. What is the biggest hidden fee you are most likely missing? How much is your auto loan costing you over your lifetime? Listen to find out. Action Steps: 1) If you have a 0% interest credit card, pay it off before the interest-free period is up and do not m…
…
continue reading
1
Money Myth: Pay Your Highest Interest Rate Debts First
19:57
19:57
Play later
Play later
Lists
Like
Liked
19:57
In this episode, we discuss the best way to get out of debt. Why you need to take into account human behavior and emotion when tackling the goal of getting out of debt. Does this money myth work? Is it the method I used to pay off $300K in debt? Listen to find out. Action Steps: 1) If you have consumer debt, use the Debt Snowball Method to get out …
…
continue reading
In this episode, we discuss the 50/30/20 Budget Rule. What is this budgeting rule? Where did it come from? Should you follow this budget rule when doing your budget? What do you need to consider when you are making your budget? Action Steps: 1) Compare your current monthly budget to the 50/30/20 budget principle. How does your current budget compar…
…
continue reading
1
Money Myth: I Have Money, I Don't Need a Budget
12:54
12:54
Play later
Play later
Lists
Like
Liked
12:54
In this episode, we discuss what a budget is and what it is not. Learn how a ketchup bottle explains your personal finances and find out how millionaires budget. Action Step: Create your first budget if you don't have one already. Give yourself some grace it typically takes 3 months to fine-tune and get the hang of budgeting. Subscribe to get our F…
…
continue reading
1
Money Myth: Money is the Root of all Evil
13:08
13:08
Play later
Play later
Lists
Like
Liked
13:08
In this episode, we discuss the origins of this myth. We also look at the intent of this verse in scripture and how you can learn from it to improve your views of money. Action Step Questions: Why do you want more money? What good could you do with that money? What value or values in your life will you place ahead of money? Subscribe to get our Fin…
…
continue reading
In this episode, we get to the truth behind the money myth of money is a scarce resource. We look at what money is, why we have money, how much money there is in the United States, and how you can get more money. Action Step Questions: How are you currently adding value to other people's lives? How many other people can do what you do? How can you …
…
continue reading
In this episode, we discuss why it exists, introduce you to your host, and walk you through what type of content you can expect from the podcast going forward. Sign up to receive our Financial Tip Friday emails here Visit our website www.RuggedFinancial.comBy Wyatt Yates | Rugged Financial
…
continue reading
