Building the Balance Sheet
Hi Everyone, Carl Gould here with your #70secondCEO. That’s right just a 70 second investment each day for a lifetime of results. Today’s topic is - Building the Balance Sheet.
You know it’s interesting people come to me and say, ‘Carl, grow my business.” What they’re talking about though is their profit and loss, their income statement, am I making more than I’m paying out? But you know what, you’re not building wealth there, it’s your balance sheet where you start building wealth so, what we’re recommending here is taking up to 3% of your gross revenue putting it in a segmented account to build your assets.
Buy the building in which you are operating
Invest in deferred comp
Insurance policies
Key man insurance
Life insurance
Other insurance and safety vehicles like that, that fall into deferred comp
Your retirement plan
Investing in stocks
Investing in other businesses
How are you building your balance sheet?
So, of the things I just mentioned, which are the ones you still need to do?
Like, follow this podcast, comment below, and tell me which area of your balance sheet you still need to build. This is Carl Gould and this has been your #70secondCEO.
Carl-Gould-#70secondCEO-Be Careful What you Wish For
Carl Gould-#70secondCEO-Alignment and Maximization - Part 2
Carl-Gould-#70secondCEO-Maximization and Alignment - Part 1
Carl-Gould-#70secondCEO-Does your Business Align with Your Values
Carl-Gould-#70secondCEO-Attributes of a Business
Carl-Gould-#70secondCEO-Opportunities & Challenges
Carl-Gould-#70secondCEO-The Reason I Changed Careers-Part 3
Carl-Gould-#70secondCEO-The Reason I Changed Careers-Part 2
Carl-Gould-#70secondCEO-The Reason I Changed Careers-Part 1
Carl-Gould-#70secondCEO-Goal Setting - Part 2
Carl-Gould-#70secondCEO-Goal Setting -Part 1
Carl-Gould-#70secondCEO-Project or Task?
Carl Gould-#70secondCEO-What Kind of Buyer Buys Your Guarantee
Carl Gould-#70secondCEO-Not Enought to Just Be Different
Carl-Gould-70secondCEO-If you do not have a compelling How and Why
Carl-Gould-#70secondCEO-Why You Need to Win on the How
Carl-Gould-#70secondCEO-You Customers do not Care What You Do
Carl Gould-#70secondCEO-Least Qualified Employee in the Business
Carl-Gould-#70secondCEO-No Employee is Bigger Than the Business
Carl-Gould-#70secondCEO-Getting Through the Gate Keeper
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