Biz and Tech Podcasts > Business > The Founder’s Finances
Do you know what a moonshot is? In baseball, it's a homerun that is so big that it's almost unbelievable, for Elon Musk it's colonizing Mars, for us it's building a personal finance community on four pillars, growth, design, community, and transparency. What's your moonshot? Explore it with us and let us help lead the way through personal finance, business, and personal development conversations.
Last Episode Date: 8 November 2024
Total Episodes: 32
This episode of 'Planning Your Moonshot' starts with a quote from Dr. Miriam Kiermeier, emphasizing that loneliness is more about being unseen than being alone. We discuss a study by Inc. magazine revealing that the top three challenges for CEOs are loneliness, delegating tasks, and feeling the weight of the world on their shoulders. The tragic story of Tony Hsieh of Zappos is shared to highlight the severe consequences of unchecked loneliness. We also explore my personal struggles with isolation since starting my financial planning firm, Moonshot Planning, and provide practical solutions such as joining or creating mastermind groups and building communities. The episode concludes with a listener's question about generating business ideas and offering advice on aligning those ideas with personal goals and market needs.=======================Timestamps:00:00 Understanding Loneliness in Entrepreneurship01:03 Inc Magazine's CEO Survey Insights02:30 The Weight of Leadership: A CEO's Story04:07 Tony Hsieh's Struggle with Loneliness05:38 My Personal Journey with Loneliness08:46 Practical Solutions to Combat Loneliness13:28 Building Your Own Community15:43 Q&A: Finding a Great Business Idea19:52 Conclusion and Final Thoughts=======================Articles:Inc. Magazine CEO Study.Top 3 Challenges that CEOs Face=======================Resources:💸 Free Resources🌔 Get Started on Your Moonshot Today!
In this episode of 'Planning Your Moonshot,' the financial challenges faced by freelancers and contractors are tackled. Topics include strategic budgeting, establishing buffer funds, and using the 'pay yourself first' system with the 50-30-20 rule. The episode also delves into setting up multiple savings accounts, retirement planning options like IRAs and Solo 401k, and ensuring financial consistency through automated contributions. Essential tax-saving tips, including maintaining separate tax savings accounts and paying quarterly taxes, are discussed. Emphasis is placed on practical advice, resources for tax deductions, and consulting professionals for personalized guidance.00:00 Introduction to Managing Unpredictable Cash Flows00:42 Budgeting for Freelancers: Start with Your Lowest Earning Month01:36 Building a Buffer Fund: Your Safety Net04:40 Pay Yourself First: The 50/30/20 Rule08:15 Setting Up Separate Accounts for Financial Goals09:43 Retirement Planning for Freelancers11:13 Understanding Retirement Accounts11:44 Automating Your Retirement Contributions12:28 Maximizing Contributions During High Earning Months12:53 Determining Your Retirement Needs13:42 Retirement Calculators and Inflation Adjustments15:08 Long-Term Investment Strategies16:28 Managing Your Tax Situation18:09 Quarterly Tax Payments19:33 Taking Advantage of Deductions20:50 Tracking Expenses and Deductions21:33 Conclusion and Resources=======================Resources:💸 Free Resources🌔 Get Started on Your Moonshot Today!
In this episode of 'Planning Your Moonshot,' host Louis Guajardo explores the concept of imposter syndrome, particularly its prevalence and profound impact on women in the business world. Featuring the story of Vincent Van Gogh and examples from prominent figures like Sheryl Sandberg and Maya Angelou, the discussion highlights how societal pressures, media influence, and gender roles contribute to these feelings. The episode provides practical strategies for managing imposter syndrome, such as being open about feelings, balancing learning and teaching roles, building a supportive community, and practicing mindfulness. 00:00 Introduction to Planning Your Moonshot00:12 Understanding Imposter Syndrome00:30 Vincent Van Gogh: A Case Study02:01 Defining Imposter Syndrome03:02 Imposter Syndrome in Women Entrepreneurs03:39 Manifestations of Imposter Syndrome05:43 Root Causes of Imposter Syndrome in Women07:59 Societal Norms and Media Influence11:35 Exploring Gender Roles in Society12:18 Facing Criticism and Judgment12:23 Famous Women and Imposter Syndrome14:17 Strategies to Combat Imposter Syndrome17:19 The Power of Community Support18:41 Embracing Honesty and Acknowledging Achievements21:22 Conclusion and Final Thoughts=======================Resources:💸 Free Resources🌔 Get Started on Your Moonshot Today!
In this episode of 'Planning Your Moonshot', discussions center around common challenges faced by women entrepreneurs, including work-life balance and unequal access to capital. The episode highlights Arianna Huffington's story as an advocate for work-life balance and provides practical tips such as prioritizing sleep, setting technology boundaries, practicing mindfulness, and taking time to recharge. It also addresses societal norms affecting women in business and offers resources for accessing funding, such as seeking out local women's business centers and related government programs. The content aims to inspire and provide actionable steps for women entrepreneurs to navigate these obstacles effectively.00:00 Introduction to Planning Your Moonshot00:22 Challenges Faced by Women Entrepreneurs00:39 Work-Life Balance: Lessons from Arianna Huffington05:25 Practical Strategies for Work-Life Balance06:08 The Importance of Sleep09:14 Setting Boundaries with Technology11:04 Mindfulness and Meditation12:50 Taking Time to Recharge15:14 Redefining Success17:10 Creating a Supportive Work Environment19:50 Access to Capital for Women Entrepreneurs24:44 Overcoming Funding Challenges26:37 Conclusion and Resources=======================Resources:💸 Free Resources🌔 Get Started on Your Moonshot Today!
In this episode of Planning Your Moonshot, we’re diving into the critical role of the Chief Operations Officer (COO). As a business owner, knowing the role of a COO can be pivotal to your growth. The COO is the person responsible for overseeing the daily operations, ensuring that everything within the business runs smoothly—from team management to operational systems and logistics. We explore the key responsibilities, like filling gaps in the organization, troubleshooting issues, and maintaining communication between teams. Plus, we discuss how a COO shapes company culture and ensures employee success, ultimately driving the overall success of the business. Whether you’re considering a COO role for your business or filling the role yourself, this episode is packed with actionable insights to help you streamline operations and scale efficiently.Tune in to learn how a COO can be the right-hand person to the CEO and a driving force behind business growth.=======================Resources:💸 Free Resources🌔 Get Started on Your Moonshot Today!
In this episode, we’ll explore the multifaceted role of a Chief Financial Officer (CFO) in a small business. As a business owner, you often wear many hats, including that of the CFO, which involves overseeing financial strategy, cash flow management, budgeting, risk assessment, and financial reporting.We’ll break down these responsibilities and highlight the importance of creating efficient financial systems and processes. I’ll share practical tips on managing cash flow, forecasting, setting budgets, and minimizing financial risk.Finally, we’ll discuss how to handle these tasks effectively while balancing the demands of being a Chief Everything Officer, ensuring your financial decisions support sustainable growth and long-term success.=======================Resources:💸 Free Resources🌔 Get Started on Your Moonshot Today!
In this episode, we’ll delve into the multifaceted role of a Chief Marketing Officer (CMO) in a small business. As a business owner, you often wear many hats, including that of the CMO, which involves overseeing marketing strategy, brand management, lead generation, customer engagement, and analytics. We’ll break down these responsibilities and highlight the importance of creating efficient systems and processes. I’ll share practical tips on developing marketing strategies, building a strong brand, and engaging with customers effectively. Finally, we’ll discuss how to manage these tasks realistically while balancing the demands of being a Chief Everything Officer.=======================Resources:💸 Free Resources🌔 Get Started on Your Moonshot Today!
In this episode, we delve into assessing financial readiness for homeownership, starting with understanding your credit score. We discuss the significance of a high credit score for securing favorable mortgage terms and provide tips on improving your score, such as maintaining timely payments, increasing credit limits, and keeping credit utilization low. Next, we evaluate your financial health using metrics like savings rate, burn rate, and debt rate. We also cover saving for a down payment, how to avoid PMI, and a more realistic rule of thumb for many first-time buyers. Lastly, we explore strategies for accumulating a down payment.=======================Resources:💸 Free Resources🌔 Get Started on Your Moonshot Today!
In this episode we explore how financial beliefs formed in childhood, known as Money Scripts, influence our financial behaviors and decisions. Louis dives into the four types of Money Scripts, explaining how they shape our relationship with money, from excessive spending to undue frugality. He also shares personal anecdotes and practical strategies for managing these scripts to achieve healthier financial habits.Educational Topics:•Topic #1: Introduction to Money Scripts•Topic #2: The Four Types of Money Scripts•Topic #3: Practical Strategies for Each Script=======================Resources:=======================Resources:💸 Free Resources🌔 Get Started on Your Moonshot Today!
One of the scariest parts of starting a business is actually the first steps, but ultimately once you've gone through it once it's not that difficult. In this episode of the Founder's Finances we will go over what you should consider when starting a business and whether or not this is something you should even tackle in 2024.Educational Topics:Topic #1: Things to consider when starting the businessTopic #2: Funding the businessTopic #3: Lifestyle businesses=======================Resources:💸 Free Resources🌔 Get Started on Your Moonshot Today!
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