BIZ Academy Podcast

Jan 02 2024 8
BIZ Academy Podcast artwork

Welcome to the Biz Academy Podcast, the perfect place to fuel your entrepreneurial spirit. Whether you're navigating the exciting yet challenging world of small business for the first time, or you're a seasoned pro looking for fresh insights, you've come to the right place! In each episode, we delve deep into the realities of business ownership, bringing you valuable lessons, practical how-tos, and expert insights to help you thrive in your venture. 

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Goodbye Money Myths, Hello BIZ Academy!

Jan 02 2024 9 mins  
Embark with me, Wyatt Yates, on a transformative journey through the evolving landscape of business ownership in our first episode under the new banner of the Biz Academy Podcast. After three years of financial coaching and a significant rebrand from Rugged Financial to Biz AccountPros, we've become a beacon for business owners in need of outsourced accounting expertise. As yo

Inflation Part 2: The Shortcomings in How We Measure It

Feb 22 2022 20 mins  
Inflation in the U.S. is at a 40 year high of 7.5% in January 2022. However, most people's bank accounts are experiencing a much higher number. The reason is, there are some major misses in how the BLS calculates the CPI number that is the gold standard in inflation. In this episode, we discuss the 6 biggest issues with how we calculate inflation that ends up giving us a lower

Inflation Part 1: Why It Feels Higher Than What The News Says

Nov 16 2021 26 mins  
This is part 1 of our 3 part series on inflation. Inflation measured by the Consumer Price Index (CPI) hit a 30 year high in October 2021 at 6.2%. However, depending on your situation you may be experiencing higher or lower price increases with your spending. How is that possible? Why are you experiencing a different number than what the news channels are telling you?In this episod

Money Myth: Everybody Needs Life Insurance

Nov 01 2021 24 mins  
In this episode, I discuss life insurance. What is the purpose of life insurance? Do you need it? What type of life insurance do you need? How much life insurance should you have? Listen to find out.Subscribe to get our Financial Tip Friday emails here, https://mailchi.mp/f645a5adc403/join-our-communityVisit our website www.RuggedFinancial.com

Money Myth: I Don't Need a Financial Advisor

Oct 24 2021 38 mins  
In this episode, I discuss the value of a Financial Advisor. Do you need a Financial Advisor? Are they really worth the extra expense? When does it make sense to hire a financial professional to help you? How do they get paid? What are some things you need to watch out for to make sure you are protected and served properly? What types of Financial Advisors are there? Do wealthy peo

Money Myth: Millionaires Inherit Their Money

Oct 17 2021 13 mins  
In this episode, I discuss what it means to be a millionaire. How many millionaires are there in the US? How do you determine who is a millionaire? What does the typical millionaire look like? What is their occupation? Where did they go to school? How long did it take them? Can you become a millionaire? Listen to find out.Action Steps:Calculate your Net Worth. Total up all your ass

Money Myth: Save 10% For Retirement

Oct 10 2021 26 mins  
In this episode, I discuss how much you need to save and invest for retirement. How do you calculate how much you need in retirement funds? What factors impact how much you need to save and invest for retirement? What one thing should you watch out for that can drastically reduce how much you have in your retirement accounts? Listen to find out.Action Steps:1) Determine Your Retire

Money Myth: I Can Invest Later

Oct 04 2021 20 mins  
In this episode, I discuss why waiting to save and invest for retirement is a bad financial habit. How much does delaying paying yourself cost you? What are the 3 reasons you cannot follow this mindset of investing later? Listen to find out.Action Steps:Go to this retirement calculator and enter in your current financial data and age to see what you will have in retirement savings

Money Myth: My Kids Are My Financial Priority

Sep 27 2021 16 mins  
In this episode, I discuss why every parent has at least thought this at one time or another. What are your responsibilities as a parent? Should your kids be your financial priority? Does having kids change your financial priorities? Listen to find out.Action Steps:Look at line items in your budget that you are spending money on that you use your kids as a reason to justify the exp

Money Myth: Save For Your Kids Education Right Away

Sep 21 2021 12 mins  
In this episode, I discuss the benefits of starting early with saving for your children's education. What type of tax-advantaged plans are available for education savings? When should you start saving for your kids' education? What changes were made to these plans with the 2017 Tax Cuts and Job Act? Listen to find out.Action Steps:Set up an Education Savings Account or 52