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How to Retire Happy through Financial Planning with Christopher Clepp
Manage episode 351322956 series 2943417
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[00:01 - 04:59] Opening Segment
- Chris has been in financial services since 2001 and specializes in helping business owners from the ages of 36 to 56
- Chris's first experience as a business owner did not go well, so he regrouped and went back out on his own
- Having control over one's time and autonomy over their situation
[06:00 - 10:37] Planning for Success: How a Financial Planner Can Help Business Owners Sell Their Business
- Financial planning is about living the best version of one's life and living in alignment with their values
- Financial planning is more than just telling people where to invest their money
- Having a financial plan to stay on track with long-term goals
- Financial planner as the quarterback of the business owner's economic engine
- Updating and referring to financial plans regularly
- Exit planning and succession planning as components of a comprehensive financial plan
- Understanding what goes into selling a business
[10:38 - 18:42] Unlocking the Value of Your Most Valuable Asset - Time
- A business owner needs $300,000 a year to live on their current lifestyle
- Consider retirement plans, outside investments, fractional CFOs, outsourced sales
- Time is the most valuable asset - focus on what you're good at and outsource the rest
- People underestimate what they can accomplish in a day/week/year but vastly underestimate what they
[18:43 - 23:36] Closing Segment
- It's never too late to start investing
- The biggest problem most people have is that they don't want to do it and push it off
- See the links below to connect with Chris
Quotes:
“Begin with the end in mind. ” - Christopher Clepp
“A failure to plan is planning to fail.” - Christopher Clepp
“Good exit planning is really good business planning.” - Christopher Clepp
Connect with Chris through LinkedIn, or visit www.BuildingTowardsWealth.com.
If you’d like to hear more episodes, visit us at https://www.ecommercemoneymap.com/ or on your favorite podcast platform. Don’t forget to like, subscribe, and LEAVE US A 5-STAR REVIEW!
Thanks for tuning in. We’ll see you next time!
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