Grow Your Business & Grow Your Wealth Podcast
The Power of Small Steps in Financial Planning
I had the chance to join The Grow Your Business and Grow Your Wealth Podcast with Gary Heldt, and we had a fantastic conversation about financial planning for business owners. We talked about something I see all the time—entrepreneurs are great at running their businesses but often struggle with managing their financial future. Whether it’s avoiding financial planning out of fear, waiting until they have “enough” to start saving, or misunderstanding tax strategies, these mistakes can add up over time.
One of the key themes we discussed was how small, consistent steps lead to lasting financial change. Whether it’s saving, investing, giving, or tax planning, the key is to just start. We also dove into the power of shifting from a scarcity mindset to an abundance mindset, why so many business owners misunderstand tax deductions, and how a structured financial plan can help entrepreneurs stop playing defense and start building long-term wealth.
🎙️Click here to listen to the full episode.
Key Takeaways & Timestamps
⏳ [02:00] - My Journey Into Financial Planning
I shared how growing up in a family business shaped my perspective on financial stewardship and why I ultimately left corporate finance to help business owners directly.
⏳ [09:20] - Faith-Based Stewardship & Openhanded Wealth
The story behind my firm’s name and how biblical principles of generosity and stewardship shape my approach to financial planning.
⏳ [15:30] - The Biggest Money Mistakes Business Owners Make
From not talking about finances out of fear to waiting too long to start investing, we covered the most common financial pitfalls and how to overcome them.
⏳ [27:10] - How to Make Financial Change Easy & Sustainable
Why small, consistent financial habits are more powerful than big, dramatic changes—and how behavioral finance plays a role in long-term success.
⏳ [38:40] - The Right Way to Think About Tax Planning
We discussed the difference between tax preparation and tax planning, why many business owners over-focus on deductions, and how strategies like ProfitFirst and retirement plans can build real wealth.