Untangling 10 Common Misconceptions About Money
Today we're tackling 10 widespread misconceptions about money. From the belief that budgeting is only for those facing financial troubles to the myth that a higher salary guarantees financial success, we debunk these ideas to help you make more informed financial decisions. Join us as we unravel these common money myths, providing clarity and insights to empower your journey towards financial well-being.
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Navigating the Estate Planning Journey
Estate planning is often thought of as something only the wealthy or elderly need to worry about. However, as Evan Taylor, a seasoned attorney from Lawler Brown Law Firm notes that estate planning is essential for everyone, regardless of age or financial status. Whether you're in your early 20s or enjoying your golden years, having a well-thought-out plan ensures that your assets are distributed according to your wishes and that your loved ones are taken care of when you're no longer around.
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The Secret to Succession Planning with Adam Lawler
As business owners, we pour our hearts and souls into building something meaningful whether it's a small family-run operation or a growing enterprise. But what happens when it's time to step back? Who takes the reins? This is where succession planning comes into play. In this blog, we tackle this topic with Adam Lawler, founder of Lawler Brown Law Firm, who specializes in helping businesses navigate these critical decisions.
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Gold Mine or Money Pit: Rural Short Term Rentals
It's no secret that vacation rentals, such as Airbnb, are a hot topic when it comes to passive income and investing. It may seem easy and lucrative, especially when we watch TikToks featuring individuals who've just purchased ten houses in a different state with no money down and have already turned a profit. However, buying property is always a significant investment and carries inherent risks, regardless of your location. Our very own Jill Franks ventured into the Southern Illinois Airbnb community a few years ago. On this episode, we get to have a conversation about the reality of owning a vacation rental in a rural area, along with all the pros and cons that accompany such an endeavor.
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Insuring Your Legacy: Why Life Insurance Matters
Life insurance might not be the most thrilling topic, but it's one of the most crucial aspects of financial planning. If you think life insurance is only for the elderly or those with a morbid streak, think again. Let's dive into why life insurance is essential, who needs it, and the different types available. Our expert for today is Eric Witges, COO of FSB Insurance, who brings a wealth of knowledge and some personal anecdotes that highlight the importance of life insurance.
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