Ep. 52 Investing in Your Business vs. The Stock Market
In the creative solopreneur space, the path to success often leads to a crucial crossroads: business reinvestment or stock market exploration. As a solopreneur managing your enterprise alone, the decision of where to channel surplus income can be perplexing. This episode explains the intricacies of this dilemma, guiding you through key considerations.
From understanding and calculating your business's growth rate to aligning investments with your unique lifestyle goals, we delve into the factors that will shape your financial journey. Explore the nuances of financial decision-making based on the phase of your business—whether you're focused on scaling growth or ensuring long-term sustainability.
Listen To The Episode:
What You’ll Learn:
Where you should redirect income that is coming in above and beyond the business.
What the best use of your money is as a business owner.
How to calculate your growth rate.
The importance of knowing your lifestyle goals now and in the future.
Ideas Worth Sharing:
“If you’re creating an income from the stock market versus your business, it is much more of a passive income stream so you will have more time freedom.” - Eric Maldonado
“If you’re in a phase where you’re ramping up your growth and sustainability, that’s when you may want to focus your money on your business.” - Eric Maldonado
“It’s important to have an emergency fund in case of something happening in your business or your life that is out of your control.” - Eric Maldonado
Resources:
Eric Maldonado, CFP®, MBA: (805)250-4552 | info@aquilawealth.com | Website | Contact Us
Profit First by Mike Michalowicz
Disclosure: Aquila Wealth Advisors, LLC is a registered investment advisor in the state of CA, LA, and in other jurisdictions where exempt. All content on this podcast is for information purposes only. All information or ideas provided should be discussed in detail with an advisor, accountant, or legal counsel prior to implementation.
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