Many entrepreneurs today are going for a moonshot, trying to live a superfluous life — without specifically knowing what it takes to get there. This mindset is akin to agreeing to buy a house or car without examining price first….
EPISODE SUMMARY In part 3 of this series on 401(k) plans, Paul Adams talks about the importance of assessing your financial situation, how much you should begin contributing to your 401(k), how you should invest your money, and how to…
Once you figure out your true net worth, it’s time to ask arguably the most important question any entrepreneur can ask themselves: what kind of life do you want? This doesn’t mean generally, such as “I’d like to have more…
EPISODE SUMMARY Paul continues his discussion on the 401(k) and covers why both financial institutions and the IRS want you to put money into it. The 401(k) can actually be damaging to your financial future if you aren’t aware how…
When you’re an average Joe, calculating your net worth is simple. How much money do you have in your bank account? Subtract your liabilities (debt) from your assets (money and possessions), and there you go. However, if you’re an entrepreneur,…
WHAT WAS COVERED 02:25 – There are three large groups out there who want you to put money in your 401(k). 03:35 – Let’s first start with your employer. 08:25 – It became a huge advantage for the working American…
