Have you ever wondered, “How much is Enough?”Submitted by Business Owner Succession Strategies on November 23rd, 2020
Have you ever wondered, “How much is Enough?”
I read a book recently called “The Philosophy of Money,” and I would paraphrase a take-away that goes like this: why would you risk what you don’t have and don’t need, with what you do have and do need? When I ask my business owner clients this question, it gives them pause.
The Value Builders System webinar today spoke to this issue in terms of The Freedom Point. If you know what amount you need, then you can know that going beyond that point is risk you may not need to take. How do you get to your Freedom Point then? The Freedom Point is your number that comes from the NET sale proceeds of your business and the amount of money you will have accumulated in retirement savings that will provide you with the amount of money you need to spend each year for the rest of your life.
We have tools to help you calculate your Freedom Point, and to formulate your plan to exit your business. Please visit our website for information.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes. The purchase of certain securities may be required to effect some of the strategies. Investing involves risks including possible loss of principal.