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In today's episode, we discuss a growing trend within the US: People who make $200,000 or more a year and still feel broke. For those with regular employment, it's likely a spending concern. But for those solopreneurs or small business owners out there, the problem actually may be linked to how you're evaluating the success of your business. It really comes down to whether you're calculating revenues or profits, and what you need to include when determining how big your business has grown. Ryan shares his thoughts on what may be happening in these cases, and tactics to avoid the pitfall yourself. At the end of the episode, Ryan also delves into his latest movie review: RoboCop, the 1987 sci-fi thriller from director Paul Verhoeven.Subscribe and stick around, and in the meantime… keep grinding!Connect with Ryan Derousseau, CFP®, EAEmail: [email protected]: https://www.linkedin.com/in/ryanderousseau/ Website: https://thinkingcapfinancial.com/
By Ryan Derousseau, CFP®, EAIn today's episode, we discuss a growing trend within the US: People who make $200,000 or more a year and still feel broke. For those with regular employment, it's likely a spending concern. But for those solopreneurs or small business owners out there, the problem actually may be linked to how you're evaluating the success of your business. It really comes down to whether you're calculating revenues or profits, and what you need to include when determining how big your business has grown. Ryan shares his thoughts on what may be happening in these cases, and tactics to avoid the pitfall yourself. At the end of the episode, Ryan also delves into his latest movie review: RoboCop, the 1987 sci-fi thriller from director Paul Verhoeven.Subscribe and stick around, and in the meantime… keep grinding!Connect with Ryan Derousseau, CFP®, EAEmail: [email protected]: https://www.linkedin.com/in/ryanderousseau/ Website: https://thinkingcapfinancial.com/