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In this conversation, T.J. van Gerven and Matt Middendorp delve into the intricacies of Employee Stock Ownership Plans (ESOPs), exploring their role as a business transition tool, the benefits of employee ownership, and the tax advantages associated with ESOPs. They discuss the process of implementing an ESOP, the challenges that may arise, and how it compares to private equity options. The conversation emphasizes the importance of aligning employee incentives with company success and the positive impact of ESOPs on employee wealth and company growth.

In this conversation, T.J. van Gerven and Zac Townsend explore the innovative concept of Bitcoin-denominated life insurance policies. Zac explains how these policies can serve as a hedge against inflation and currency risk, while also providing tax benefits. The discussion covers the differences between permanent and term life insurance, the target audience for Bitcoin life insurance, and the implications of using Bitcoin as a funding source. The conversation concludes with insights into the straightforward process of obtaining such a policy and the potential future of this financial product.

In this conversation, T.J. van Gerven and Adam discuss the concept of self-directed IRAs, exploring their differences from traditional IRAs, the potential for investing in alternative assets, and the role of custodians. Adam shares insights on the benefits and risks associated with self-directed IRAs, including compliance issues and the importance of education. They also touch on investment strategies, Roth conversions, and the flexibility of various retirement accounts, emphasizing the long-term wealth-building potential of these financial tools. Takeaways   Self-directed IRAs allow investment in alternative assets beyond stocks and ETFs. The term 'self-directed IRA' is not defined in the tax code; it's a marketing term. Investors can use their IRAs to invest in real estate, hedge funds, and cryptocurrencies. There are only three prohibited transactions with IRAs: life insurance, collectibles, and self-dealing. Custodians play a crucial role in managing self-directed IRAs and ensuring compliance. Self-directed IRAs are not more popular due to lack of marketing from large financial institutions. Roth conversions can be a strategic way to manage tax liabilities on investments. Valuation of non-publicly traded assets is important for compliance and reporting purposes. Various types of retirement accounts can be self-directed, including HSAs and solo 401(k)s. Long-term investment strategies and starting early are key to building wealth.    Chapters   00:00 Understanding Self-Directed IRAs 02:53 Exploring Alternative Assets 05:49 The Role of Custodians in Self-Directed IRAs 08:54 The Popularity and Misconceptions of Self-Directed IRAs 11:56 Working with Financial Advisors 14:45 Investment Strategies and Success Stories 17:54 Roth Conversions and Tax Strategies 20:53 Types of Retirement Accounts 23:52 Valuation and Reporting of Private Assets 26:47 Navigating Required Minimum Distributions 29:53 Encouragement for Millennials

Connect with James: https://vanreuselventures.com/ Connect with TJ: https://mementofinancialplanning.com/links In this conversation, T.J. van Gerven interviews James Vanreusel, founder and CEO of Vanreusel Ventures, about the multifaceted role of a CFO, the importance of financial strategy in business growth, and the behavioral aspects of finance. They discuss the significance of having an exit strategy, the necessity of understanding personal finance, and the lessons learned from tennis that apply to business resilience. James emphasizes the importance of cash flow management, investment strategies, and the balance between personal and professional life, while also addressing the social responsibilities of capitalism. The conversation concludes with advice for the next generation of entrepreneurs and the importance of prioritizing family and personal values. Takeaways CFOs are essential for financial strategy and leadership. Most founders do not start with an exit strategy. Understanding behavior around money is more important than just knowing the numbers. Building a cash cushion is crucial for business resilience. Investing in oneself is the best investment for entrepreneurs. Diversifying investments is key for financial security. Patience is vital in navigating financial markets. Surrounding oneself with experienced advisors can lead to better outcomes. Family should be prioritized over work commitments. Career success is a marathon, not a sprint. Chapters 00:00 Understanding the Role of a CFO 02:45 Navigating Business Growth and Exit Strategies 05:51 The Importance of Financial Metrics 09:43 Behavioral Finance: Understanding Money Mindsets 12:36 Lessons from Sports: Resilience and Strategy 14:40 Cash Flow Management for Business Owners 17:00 Balancing Profit Extraction and Reinvestment 19:01 The Entrepreneurial Journey: Risks and Rewards 21:43 The Future of Business: AI and Automation 24:46 Long-Term Thinking in Financial Planning 27:48 The Value of Relationships in Business 31:35 Prioritizing Family and Personal Well-Being

Connect with Lauryn: https://www.lauryn-williams.com/ Student Loan Planner: https://www.studentloanplanner.com/ In this episode, T.J. van Gerven and Lauryn Williams discuss the complexities of managing student loan debt, including public service loan forgiveness, income-driven repayment plans, and the implications of recent policy changes. Lauryn shares her personal journey from being an Olympian to becoming a financial planner, emphasizing the importance of understanding one's unique financial situation. The conversation covers various strategies for managing student loans, the risks of refinancing, and the impact of marital status on repayment plans. Listeners are encouraged to take proactive steps in their financial planning to optimize their student loan situations. Takeaways Lauryn's journey from athlete to financial planner highlights the importance of financial literacy. Public Service Loan Forgiveness (PSLF) requires specific employment and payment criteria. Income-driven repayment plans can significantly reduce monthly payments based on income. Refinancing student loans can eliminate federal protections and benefits. Married couples should consider filing separately to optimize student loan payments. Tax implications of student loan forgiveness can be substantial and should be planned for. Understanding the different types of student loans is crucial for effective management. Proactive financial planning can lead to significant long-term benefits. Consulting with a financial advisor can provide personalized strategies for student loan management. Staying informed about policy changes is essential for effective financial planning. Chapters 00:00 Introduction to Student Loan Management 02:45 The Journey to Financial Planning 05:46 Understanding Public Service Loan Forgiveness (PSLF) 08:25 Income-Driven Repayment Plans Explained 11:31 Navigating Changes in Student Loan Policies 14:05 Refinancing vs. Consolidation of Student Loans 16:56 The Impact of Student Debt on Young Professionals 19:53 Choosing the Right Repayment Plan 20:37 Understanding Student Loan Payments and Interest 23:15 Marital Status and Student Loan Repayment Strategies 26:12 Tax Implications of Student Loan Forgiveness 28:23 Personalized Financial Planning for Student Loans 31:39 Navigating Income-Driven Repayment Plans 33:55 Retirement Contributions and Student Loan Payments 36:55 Taking Action on Student Loan Management

On this episode of 'Do More With Your Money,' T.J. van Gerven chats with Certified Financial Planner and money expert Shannah Game. Shannah, who hosts the successful podcast 'Everyone's Talking Money' and authored 'Unraveling Your Relationship With Money,' shares insights from her career on financial planning and education. The discussion delves into Shannah's personal journey in the financial industry, the concept of money trauma, and common financial behaviors, including scarcity and spendthrift mindsets. They also cover the importance of financial literacy, managing joint finances in relationships, and teaching children about money. Shannah emphasizes that understanding one's emotional relationship with money is crucial for making positive financial decisions and offers actionable advice for both individuals and families. Connect and learn more about Shannah 00:00 Introduction to Today's Episode 00:47 Shannah Game's Journey to Financial Expertise 02:36 Understanding Money Trauma 04:01 Common Financial Behaviors and Mindsets 06:39 Millennials and Money Challenges 08:52 Building Healthy Money Habits 13:01 Teaching Kids About Money 15:56 Maintaining a Healthy Relationship with Money 21:27 Combining Finances in Relationships 25:45 The Pursuit of Financial Independence 30:10 Shannah's Book and Final Thoughts

In this episode of "Do More With Your Money," T.J. van Gerven is joined by John Briggs, CEO of Incite Tax. John shares his entrepreneurial journey and insights into tax planning, client relationships, and the importance of understanding actual profits. Key topics include the benefits of electing S Corporation status for tax savings, the Qualified Business Income deduction, and the importance of proactive tax planning. John also discusses the value of boredom for creativity, effective breaks for productivity, and practical financial tips like setting up a tax savings account and prioritizing high-interest debt repayment. The episode offers a holistic approach to financial and mental well-being.   Learn more about John's firm, Incite Tax here: https://incitetax.com/

Yohance Harrison, the founder of Money Script Wealth Management, joins T.J. van Gerven in this episode of "Do More With Your Money." Yohance shares his journey from financial hardship to becoming a chartered retirement planning counselor and behavioral financial advisor. The discussion delves into the importance of financial literacy, the concept of "money scripts," and how personal beliefs shape financial behaviors. Yohance emphasizes the distinction between self-worth and net worth, the role of political climates in financial planning, and the necessity of focusing on controllable factors. Practical advice on debt management, budgeting, and creating a financial plan is also provided.

In this episode of the "Do More With Your Money" podcast, host T.J. van Gerven speaks with Brent Boden, a seasoned financial advisor specializing in medical professionals. Brent, also the host of the "Physicians Financial Checkup" podcast, shares his journey into financial literacy and his passion for assisting others. The discussion focuses on financial planning for new physicians, emphasizing the importance of financial literacy, managing student loan debt, and strategic investment choices. Key takeaways include the significance of building emergency savings, understanding income changes, and avoiding lifestyle inflation. Brent encourages seeking reliable financial guidance and highlights the role of personalized financial planning. Learn more and connect with Brent: https://www.brentboden.com/

In this podcast episode, T.J. van Gerven talks with Jeff Le Sage, the founding partner of Liquid Stock. They discuss how Liquid Stock helps employees and shareholders of late-stage private companies access liquidity without selling their shares. Jeff explains the benefits of exercising stock options early to manage tax obligations and maximize gains. He highlights Liquid Stock's unique structure, which uses shares as collateral for advances, providing a tax-efficient solution. They also cover the importance of timing and planning for equity compensation, and Jeff shares his vision for Liquid Stock's role in changing how companies handle equity. Learn more about Liquid Stock Here

In this episode of "Do More With Your Money," host TJ van Gerven welcomes Steve Coughran, a renowned business strategist and founder of Coltivar and Boosting Your Financial IQ. Steve shares his journey from growing up in a financially challenged household to building a multi-million dollar business. He emphasizes the importance of financial literacy and understanding key investment principles like return on invested capital and the rule of 72. Steve discusses the dangers of speculative investments and the value of long-term strategies. He also highlights the rise of solopreneurs and the significance of investing in oneself for long-term financial success. Learn more about Steve and his businesses, Coltivar and Boosting Your Financial IQ (BYFIQ) https://www.coltivar.com/ https://www.stevecoughran.com/ https://www.byfiq.com/

In this podcast episode, Bobbi Rebell, a Certified Financial Planner and CEO of Financial Wellness Strategies, shares her journey and insights on financial independence. She discusses her book "Launching Financial Grown-Ups," inspired by her challenges in engaging her stepchildren in financial conversations. Bobbi emphasizes the importance of understanding the emotional side of money and setting financial boundaries. She also highlights the impact of the COVID-19 pandemic on parent-child relationships and the trend of younger generations delaying major life milestones. Bobbi advocates for open financial discussions, multigenerational conversations, and intentional financial decision-making. Learn more about Bobbi and connect with her here: https://www.bobbirebell.com/ https://financialwellnessstrategies.com/ Bobbi's LinkedIn

In this podcast episode, T.J. hosts financial expert Adam Carroll, who shares his journey from college debt to financial responsibility. Adam introduces the "shred method," a technique using home equity lines of credit to reduce interest expenses on debts like mortgages and student loans. He explains how this method can save money and increase financial security, even with low-interest rates. The discussion covers the benefits of 30-year fixed mortgages, conscious spending, and the potential of cash value life insurance policies. Adam also touches on infinite banking and the FIRE movement, offering practical tips for managing money and achieving financial independence. Learn More About The Shred Method Adam's LinkdenIn Profile

In this podcast episode, financial coach Mandyy Thomas joins us to speak about helping people with their money worries. She shares her own story and gives tips on how to manage finances better. Mandyy teaches how to plan for big and small costs and how to save money wisely. She also talks about the importance of understanding your actual income and living within it. Mandyy explains how to deal with the emotional side of money, like fear and anxiety, and how to grow your main income instead of just having side jobs. She also talks about the importance of feeling safe with your money and how to make smart choices when buying things. Mandyy invites listeners to connect with her on Instagram to continue the conversation. Learn more about Mandyy and her financial coaching practice at https://mandyythomas.com/ Follow Mandyy on Instagram

In this episode of "Do More With Your Money," host T.J. van Gerven chats with Rocky Lalvani, a chief profitability advisor and certified profit first professional. Rocky shares his journey from a money-savvy kid to helping business owners prioritize profit and pay themselves first. They discuss the importance of understanding money mindsets and the psychology behind financial struggles. Rocky emphasizes that profitability isn't about revenue alone; it's about what's left after expenses. He also highlights the need for business owners to track investments and manage cash flow effectively. The conversation covers the significance of aligning financial planning with personal values and goals. Rocky concludes by advocating for financial automation as a key to building wealth. Throughout the episode, they explore the behavioral aspects of financial decision-making and the importance of learning from losses. Learn more about Rocky and his businesses at https://profitcomesfirst.com/ and https://richersoul.com/ Connect with Rocky on LinkedIn