Financially Simple

Financially Simple

The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States. Host Justin Goodbread is a serial entrepreneur, CFP (Certified Financial Planner), CEPA (Certified Exit Planning Advisor), CVGA (Certified Value Growth Advisor), and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC and is registered as an investment adviser with the State of Tennessee. ... Show More

Episodes

In episode 215 of Financially Simple, Justin continues his examination of reducing tax costs when selling Real Estate.

When selling property the 1031 Exchange route might not be the best option with so many disadvantages, so what other options are there? Justin explains the Opportunity Zone, what it is how it works, and provides a case study example of Comprehensive Tax Planning.

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In episode 214 of Financially Simple, Justin begins to look at how to go about selling a Real Estate investment.

As you grow your Real Estate investment portfolio, you will want to sell off property to be able to invest in other real estate opportunities and minimize the taxes incurred in the process. Justin goes over the types of exchanges that are possible when selling real estate to buy new property, as well as the rul... Read more

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In episode 213 of Financially Simple, Justin lists the ways in which you can pay for Real Estate investment.

As you consider getting into Real Estate investing, you might need to take out a loan to buy the property. Justin looks at the different types of loan available, as well as other possible lines of credit, that you can use to purchase an investment property.

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In episode 212 of Financially Simple, Justin considers whether or not you should use your IRA to buy investment property.

Can you use your IRA savings to invest in real estate? Yes, you can - but should you? Justin looks at the ins and outs of using your IRA to invest in property, and gives his advice on whether or not it is a good idea.

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In episode 211 of Financially Simple, Justin looks at option for investing in Real Estate without the headache of buying property.

When it comes to investing in Real Estate, there are options to invest without buying property and having to deal with the hassle of managing the property yourself. Justin goes over Real Estate Investment Trusts, and Crowd Funding options for Real Estate investing.

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In episode 210 of Financially Simple, Justin explains Cash-On-Cash Return for Real Estate Investments.

Keeping track of the value of a Real Estate investment can be difficult - Cash-on-Cash Return is one way to follow the income of a property investment. Justin gives the Financially Simple what, why and when of Cash-on-Cash Returns.

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In episode 209 of Financially Simple, Justin consider why you should invest in Real Estate.

With so many possibilities when it comes to investments, what makes investing in Real Estate an attractive option to Small Business Owners? Justin lists 11 reasons why Real Estate investments should be a serious consideration for your portfolio.

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In episode 208 of Financially Simple, Justin takes a look at the timing of Real Estate investments.

When is the best time, and when is the worst time to invest in Real Estate? Justin explains the cycles of the Real Estate market, and goes over the important points to consider when planning to invest in Real Estate.

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In episode 207 of Financially Simple, Justin introduces Real Estate Investing.

If you own your home, or business premises, you’ve invested in Real Estate; but besides investing in your own property, did you know you can invest in much, much more? Justin begins looking at the potential of Real Estate investing, by listing the various categories and sub-categories of Real Estate that you can invest in.

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In episode 206 of Financially Simple, Justin compares Active and Passive Funds and ETFs.

What are Active and Passive Funds, how do they work, and which is better? Justin looks at both Active and Passive Funds and ETFs, comparing the pros and cons of each.

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November 4, 2019

In episode 205 of Financially Simple, Justin provides a simple guide for picking Mutual Funds.

When deciding which Mutual Funds to invest in, a lot of new investors can make the mistake of only looking at the numbers. Justin breaks down what investors should be looking at when selecting Mutual Funds to invest in.

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In episode 204 of Financially Simple, Justin gives a very simplified explanation of what Mutual Funds are.

If you’re considering investing, but are not wanting to go for individual stocks and shares, a Mutual Fund might be a good option for you. Justin looks at what Mutual Funds are, the pros and cons, as well as the costs.

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In episode 203 of Financially Simple, Justin examines the perceived value add of an Investment Advisor when investing.

When you decide to invest, you might hire the services of an Investment Advisor or you might decide to go it alone using information that is readily available. Justin looks at two reports that investigate the topic of hiring an Investment Advisor, and the real and perceived value that having a professiona... Read more

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October 24, 2019 19 min

In episode 202 of Financially Simple, Justin looks at another reason to invest: Compound Interest.

There are many reasons to invest, and Compound Interest is one of them. Justin explains what Compound Interest is, how it works, and why it’s an integral reason for investing for future generations of your family.

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October 21, 2019

In episode 201 of Financially Simple, Justin gives an outline of Diversification in Investing.

Just as you shouldn’t invest solely in your business, you should also avoid investing in only one or two portfolio options outside of your business. Justin looks at the process of Diversification: what it is, why it’s a good idea, the options available, and the dangers to be aware of.

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In episode 200 of Financially Simple, Justin revisits the topic of investing outside of your Business.

As a Business Owner, most of your wealth is tied up in your business and you plan on unlocking that wealth when you decide to sell or retire - but what if you can’t sell, or don’t get the best possible deal? Justin gives a quick revision on why you shouldn’t invest exclusively in your business and should look outside of ... Read more

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In episode 199 of Financially Simple, Justin considers the investment strategy of Timing the Market.

When to buy, when to sell; when to invest, when not to invest - these are questions most investors ask; but, the answers are not as simple or straightforward as they might hope. Justin explains what Timing the Market is, and examines whether or not it really does work the way everyone thinks.

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October 10, 2019 17 min

In episode 198 of Financially Simple, Justin continues with the Investing 101 Overview, looking at Dollar-Cost Averaging.

Dollar-Cost Averaging is a simple investment method that takes the complexity of reading the market and timing your investment strategy out of the equation. Justin looks at the pros and cons of Dollar-Cost Averaging, and explains some advanced strategies to get the most out of this investment technique... Read more

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In episode 197 of Financially Simple, Justin continues with the Investing 101 Overview and explains Rebalancing and Target-Band Rebalancing.

Buy Low Sell High: this is the core principle of Rebalancing in a nutshell, knowing when to and factoring in considerations such as Contributions and Withdrawals adds a layer of complexity to this simple mantra. Justin explains what Rebalancing and Target-Band Rebalancing are, why an... Read more

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In episode 196 of Financially Simple, Justin continues with the Investing 101 Overview and looks at Risk Tolerance.

Investing has its ups and downs, the risks and the rewards - so knowing your Risk Tolerance Profile and Capacity are necessary in order to make the correct investments. Justin explains Risk Tolerance and Capacity, as well as the three types if Investment Horizon that will help you decide on the correct inves... Read more

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