Artwork

Content provided by Malcolm Ethridge. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Malcolm Ethridge or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

63. The Importance of Managing Your Own Personal Finances as a Founder

33:32
 
Share
 

Manage episode 347869088 series 2907547
Content provided by Malcolm Ethridge. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Malcolm Ethridge or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

As a founder, it can be challenging to know when to make the shift from pouring every dollar you have into getting your startup off the ground to taking a few chips off the table to eventually paying yourself first. However, every business owner should begin to separate their own personal finances from the business as soon as possible for a few different reasons.

In this episode, Malcolm Ethridge sits down to discuss best financial practices for founders and how to know when it is time to begin to allocate your revenue to more personal goals. Malcolm runs through tools and tricks to grow your business and build sustainable financial habits for you and your business.

Malcolm discusses:

  • How to invest in your own business and build funds for your long-term goals

  • Counterbalancing your business’s high burn rate with low personal expenses

  • Reinvesting extra cash flow into retirement and diverse investments

  • Protecting what you have built and your loved ones through insurance

Connect With Malcolm Ethridge:




  • @MalcolmOnMoney

Mentioned in this episode:

Capital Area Tax Consultants - www.capgllc.com

Capital Area Tax Consultants - www.capgllc.com

  continue reading

90 episodes

Artwork
iconShare
 
Manage episode 347869088 series 2907547
Content provided by Malcolm Ethridge. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Malcolm Ethridge or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

As a founder, it can be challenging to know when to make the shift from pouring every dollar you have into getting your startup off the ground to taking a few chips off the table to eventually paying yourself first. However, every business owner should begin to separate their own personal finances from the business as soon as possible for a few different reasons.

In this episode, Malcolm Ethridge sits down to discuss best financial practices for founders and how to know when it is time to begin to allocate your revenue to more personal goals. Malcolm runs through tools and tricks to grow your business and build sustainable financial habits for you and your business.

Malcolm discusses:

  • How to invest in your own business and build funds for your long-term goals

  • Counterbalancing your business’s high burn rate with low personal expenses

  • Reinvesting extra cash flow into retirement and diverse investments

  • Protecting what you have built and your loved ones through insurance

Connect With Malcolm Ethridge:




  • @MalcolmOnMoney

Mentioned in this episode:

Capital Area Tax Consultants - www.capgllc.com

Capital Area Tax Consultants - www.capgllc.com

  continue reading

90 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Quick Reference Guide