Did you know you can hire your kids to:
💵 Save on taxes.
📈 Help them build wealth through Roth IRAs and investing.
💼 Teach them real responsibility.
Done right, this strategy is a game-changer—not just for your business, but for your family’s future.
Life transitions bring exciting opportunities—but also big questions.
Marriage, starting a family, selling a business, or even planning a dream retirement can feel overwhelming without a clear roadmap. How do you budget for a wedding? Reduce taxes during a sale? Fund a once-in-a-lifetime adventure?
You don’t have to navigate these transitions alone. With the right financial strategies, you can prepare for life’s milestones with clarity and confidence.
Do you ever feel anxious or ashamed about your finances? You’re not alone.
These feelings are often rooted in common biases:
🔹 Imposter Syndrome: “I’m not good enough.”
🔹 Illusion of Transparency: “Everyone knows I’m struggling.”
🔹 Social Comparison: “They’re doing better than me.”
The good news? These distortions aren’t reality.
Recognizing them is the first step toward financial confidence and clarity. 💡
What happens to your assets—and your kids—if you don’t have a will? The state decides. 😟
A basic estate plan can start at just $300-$500 and often includes:
✅ A will to name heirs and guardians.
✅ HIPAA and healthcare directives.
✅ Power of attorney documents.
Don’t leave these decisions up to chance. If your situation is more complex, we’ll help you craft a comprehensive plan that fits your needs. Let’s protect what matters most.
Running a small business is exhausting when you’re always chasing loose ends:
🚨 Financial fires without a plan.
💸 Watching profits vanish to taxes and expenses.
🤔 Dreaming of an exit but unsure how to make it happen.
You don’t need another strategy book. You need a roadmap to turn your business into lasting wealth.
Did you know your beneficiaries override your will?
Here's what that means and why it matters: if your life insurance policy lists your brother as the beneficiary, but your will names your spouse, kids, and church, the insurance company will pay your brother.
That’s because beneficiary designations operate by contract—not by your will. Your will only applies to assets not already legally assigned to someone else.
The takeaway? Check your beneficiary designations regularly to ensure they align with your estate planning goals.
1 degree. That’s all it takes to change your destination.
Achieving financial freedom isn’t about massive, overnight shifts—it’s about tiny, consistent decisions that align with your goals:
✅ Set a vision: What do you want to achieve?
✅ Build intention: Decide to act on it.
✅ Develop the means: Create a strategy to get there.
Just like fitness, you need a plan to see results.
Hitting $3M, $5M, or even $10M in revenue feels like a dream come true—until you realize your bank account doesn’t reflect your success. 💸
Many business owners get stuck, pouring everything back into growth and leaving little for themselves. But it doesn’t have to be this way.
Your business can help you live well, give generously, and leave a lasting impact—if you use it wisely.
Does money make you feel secure? A full bank account feels like a safety net, but here’s a reality check: Proverbs 18:11 says wealth is “a high wall in our imagination.”
We’re often tempted to trust money for protection, but it can’t deliver. True security comes from contentment in God. As Paul reminds us in 1 Timothy 6: “We brought nothing into the world, and we can take nothing out.”
One way to break free from trusting in money? Give it away. Generosity shifts our focus from wealth to the One who provides.
What’s your favorite way to give?
What if your business could run smoother and give you more freedom?
Running a business is tough—long hours, constant financial challenges, and endless decisions. Are you managing the money, or is the money managing you?
If you feel like you’re spinning your wheels and stuck in financial catch-up mode, it doesn’t have to stay that way. Imagine confidently building a legacy while focusing on what you do best.
Let’s work together to create a financial plan that frees you to thrive. Ready to refocus on what really matters?
Taxes can take a big bite out of your income—especially if you’re self-employed. But strategic tax planning can help reduce the burden and keep more of your money working for you.
Here are a few smart strategies:
1️⃣ Optimize deductions over multiple years for the best outcomes.
2️⃣ Harvest investment losses to offset capital gains.
3️⃣ Open a 401(k) in your business to contribute to tax-advantaged accounts.
Don’t wait until tax season to think about taxes—planning ahead can make all the difference.
“Any intelligent fool can make things more complex. It takes a touch of genius to move in the opposite direction.” – Einstein
Your financial situation isn’t a problem with one right answer—it’s complex, requiring trade-offs and careful evaluation.
If your advisor isn’t treating it that way, they may be doing more harm than good.
In this video, we’ll explore the difference between complicated and complex financial decisions, and why you need a fiduciary who puts your best interests first.
Choosing the right financial advisor can be overwhelming, especially with so many options out there. Did you know there are three primary types of advisors?
1️⃣ Planning-focused advisors (fiduciaries who put your best interests first)
2️⃣ Investment-focused advisors (focused on growing portfolios)
3️⃣ Insurance-focused advisors (focused on selling policies)
(At Openhanded Wealth, we’re planning-focused.)
This means we start with you—your goals, your family, and your unique situation—not what’s incentivized by commissions or quotas.
Dream of someday exiting your business? Watch this for some ideas of how to maximize your enterprise value.
A 401k or other “qualified plan” may be the key to 5-figure tax savings for your business.
Many business owners don’t realize they’re overlooking opportunities to save on taxes and grow their wealth. In this video, I share 5 smart tax strategies that you might not have considered, including:
✔ Hiring your kids and funding their Roth IRAs
✔ Choosing the right retirement plans for your business
✔ Making the most of HSAs and Roth conversions
✔ Using charitable giving to maximize your impact
These strategies could help you keep more of what you earn while working toward your financial goals.
📄 DOWNLOAD Free PDF Guide
☑️ DOWNLOAD: Checklist: How Business Owners Can Hire Their Kids
📈 DOWNLOAD: Which Retirement Plan is Right for My Business?
📞 Book a free strategy call to explore how these strategies might work for your business.
Chapters:
00:00 Introduction
00:30 Hiring Your Kids & Roth IRAs
03:10 Qualified Retirement Plans (Solo 401(k), SEP IRA)
06:40 Roth Conversions
09:00 Using an HSA for Triple Tax Benefits
10:30 Charitable Giving to Maximize Impact
“I was struggling with not having a good vision of where we were with our finances, and that feeling of always being behind was always there. But now when the fear goes away the vision clears - it's like having a financial GPS.”
“I was always uneasy—I felt like I could never enjoy an experience because all I was thinking about was the bottom line and how's this gonna affect me in 40 years? Since we started our partnership, it's been a lot easier for me to say, yeah, it's all right we're gonna be good - we're in good hands, and it's a weight off my shoulders.”
