Financial Freedom Podcast

Social distancing orders in light of the coronavirus pandemic have forced companies to send workers home and have them work remotely. The trend might continue. According to a Gartner survey of 317 finance executives on March 30, 3 out of 4 chief finance officers and finance leaders are considering moving at least 5% of their on-site workforce to remote positions permanently after the pandemic. In addition, many people have reported an increase in quality of life and a shift in the work-life balance after having worked from home for a while. But all of this can raise tax issues for you that could come back to haunt you. That’s why in this episode of the podcast I wanted to talk about those issues, so that if you’d like to make your kitchen, your spare bedroom, or your beach house  your permanent office, you will know what it might mean for your taxes. In this episode you will learn: What bordering states have reciprocal tax agreements How being taxed by two states can work for or against you The good and bad

Being in debt is stressful, no question! It can weigh on your mind with constant worry about how you will ever be able to pay the debts and avoid bankruptcy. It can have you afraid to open your mail or answer the phone. But there are helpful and constructive ways to deal with this stress, which is why in this episode of the podcast I talk to psychologist Dr. David Weiman on how you can address that stress head-on and keep it from ruling your life! In this episode you will learn: How financial stress can affect your health and mental state Key steps to lowering financial stress What you can learn from people who handle stress well How knowing your risk tolerance can lower stress in retirement planning

The COVID-19 pandemic has caused a huge disruption in our economy, as millions of people experience job loss or pay reduction, leading to great difficulty (or outright inability) to pay their bills. Congress responded with the CARES Act in March that gave aid in several different sectors, including student loans. As a student loan attorney, I have been following these developments and was encouraged by the help given in that area by this legislation. But as the assistance provided in the CARES Act doesn’t solve everyone’s problems, I wanted to talk in this episode about what you need to do during the pandemic to keep your student loans on track, whether they are federal or private. In this episode you will learn: What the CARES Act covers and what it doesn't How to deal with federal loans not covered by the Act How to deal with your CLASS loans from HESAA How to deal with your private loans

With the coronavirus pandemic forcing non-essential businesses to work virtually, the needs of those businesses have changed. Many may even discover that a virtual business model is better and change forever how they operate. This is made possible by a growing number of cloud services that can allow companies to run smoothly with a distributed workforce. Some may realize that they can run with a reduced workforce and outsource some tasks to outside vendors. But can that be done with things like your accounting department? To answer that question, I invited Frank Lunn of Kahuna Accounting, a virtual firm with clients all over the country, to talk to us on how it can be done! In this episode you will learn: How cloud accounting services can integrate with your other cloud platforms How accounting services can be molded to your strategic financial goals How accounting services can help you grow your business and reduce overhead

The coronavirus pandemic has shut down a lot businesses and forced many others to operate virtually, often times with reduced staff. Revenues have dropped, and businesses are looking for ways to pay their expenses until the crisis is over. Our situation today is a much bigger example of what happens to businesses every year, where they are going through tough times and need financing to keep going until things get better. That’s why in this episode of the podcast I talk with Ty Crandall, CEO of CreditSuite, on how you can get business credit for bridge financing to make sure your business stays in business. In this episode you will learn about: Tips on Bridge Loan Financing Programs Economic Injury Disaster Loans (EIDL) from the SBA Payroll Protection Program General Tips & Advice on How to Apply for and Get Bridge Financing

The outbreak of the Corona Virus and the recent drop in the stock market has a lot of people worried about their retirement investments. What does the current bear market mean for their retirement? Should they stop investing or keep going? Or if they are already retired, will they be okay, or will they have to go back to work? To answer these questions, I invited back financial planner Michael Karwic to talk about what this means to 20-somethings who have just started investing, 50-somethings who are starting to see retirement on the horizon, and retirees, who are already living on their retirement investments. In this episode you will learn: How the 2020 market drop happened How to deal with a market drop in your 20s How to deal with a market drop in your 50s How to deal with a market drop when you are already retired

I started this podcast in January of 2016 with the hope of providing helpful information to folks either after I had assisted them through a difficult financial situation to keep them moving towards a better financial future or to prevent them from having a difficult financial situation in the first place.  Many of the episodes were solo ones where I would discuss a topic in detail in a short enough period of time that you could listen to the whole thing on your way to work. But I also interviewed local businesspeople to elicit their expertise and show how they could help people in my area. This then grew to experts and authors further flung from my office in Woodbury, but still ones that had some great information for listeners. Now that I have reached the milestone of 100 episodes I wanted to look back at some of those interviews and provide some highlights from them that will take you down a path from getting on a good financial track yourself through building wealth, and then doing what's necessary to pas

Many Americans are living paycheck to paycheck, struggling to make ends meet, and having no plans, or hope for the future. Their only goal is to make it to the next payday, so they can pay the next bill. But unless something changes for them, they will never achieve financial freedom. Which is why in this episode of the podcast I talk about the steps you need to take to break the cycle, pay down debt, plan for unexpected expenses, and be able to dream about the future. In this episode you will learn about: Cutting back in spending and increasing income Breaking out of the debt cycle Developing delayed gratification on non-essential purchases Creating an emergency fund against unexpected expenses

There is a popular saying among entrepreneurs that most people don’t go out of business, they grow out of business. This can be due to several factors, including whether to expand at all or just raise prices with demand, whether or not the proper systems are in place pass off effectively to employees those things the owners did themselves, and whether the markets they’re expanding into have the requisite demand to produce the desired profits. That’s why in this episode of the podcast I talk to Somnath Sikdar who, along with his business partner Lonnie Beck, successfully expanded their martial arts school, Dragon Gym, from one location in Exton, PA, to two more in Berwyn and Malvern.

According to the book, The Millionaire Next Door, seven out of ten American Millionaires are first generation. Unfortunately, this means that 70% of the time, the money mindset that made them rich never got passed down to continue the financial winning streak. That’s why in this episode of the podcast I decided to discuss how people can communicate money matters to their children and teach them lessons that will increase the likelihood that they will continue on to financial freedom in adulthood. In this episode you will learn: How to start the conversation with a child as young as 5 Talking to pre-teens about money Getting your child to think like an entrepreneur Getting your child financially ready for life