The Fit Wealth Show

The Fit Wealth Show

By Amanda & Shawn HanquistBusinessEntrepreneurshipEducationInvesting
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The Fit Wealth Show episodes

  • 115. Building a Non-Sellable Business, How to Plan for Your Future

    I’m Amanda Hanquist, the Fit Financial, hey you, business owner, have you ever wondered what you’re going to do after you’ve built your business... or how about what you’re going to do if you don’t sell your business or if you’re building a business that is just not sellable...if you’re building a self-branded service based business, there’s probably great money to be made, but how should you be using that money, in case the business you’re building can’t be sold? That’s exactly what we’re going to be talking about in this episode today so stay tuned for some action steps you can start taking now toward your after business future.

    • The difference between financial independence and retirement? 
    • How can I ensure a steady income stream when I want to slow down or make a shift?  
    • Creating guardrails for spending to shift some money toward tomorrow
    • What investment options are suitable for me to become financially independent?  
    • Success comes from consistency and automation
    • Thank you for listening to The Fit Financial. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the fit financial or if you’d like to know how you can work with us directly, Visit us at fitwealthadvisors.com 

      IG: Amanda @thefitfinancial_ 

      IG: Shawn @shawnhanquist  

       

      The fit financial is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. 

      46 min
    • 114. The 5 Tax Strategies Every Entrepreneur Should Know

      I’m Amanda Hanquist, The Fit Financial. When we think of taxes, typically all we think about is either owing the IRS or what can I write off so I can pay the least amount of taxes possible. Well today we’re going to give you our top 5 tax strategies that every entrepreneur should know so you aren’t stuck leaving Aunt IRS a tip. 

      1. The Foundation of Business Finance, are you missing anything?
      2. Entity Structure
      3. Qualified Business Income
      4. Retirement Contributions
      5. Charitable Contributions- lots of cool one's in here, so be sure to listen 
      6. Thank you for listening to The Fit Financial. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the fit financial or if you’d like to know how you can work with us directly, Visit us at fitwealthadvisors.com 

        IG: Amanda @thefitfinancial_ 

        IG: Shawn @shawnhanquist  

         

        The fit financial is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. 

        43 min
      7. 113. What is a 1031 Exchange and How Does it Work

        I’m Amanda Hanquist, the Fit Financial, today we’re diving into a topic that is crucial for any serious investor to know. The 1031 exchange, what is it, who is it for and what you need to know. This powerful tool allows you to defer capital gains taxes on the sale of investment property by shifting the taxable gains from one property to another. In this episode, we’ll breakdown the fundamentals of the 1031 exchange, while giving you some less familiar strategies that you keep in your toolbelt. Whether you're new to this or a seasoned entrepreneur, the 1031 exchange is a strategy you need to know. 

        Named after Section 1031 of the U.S. Internal Revenue Code, allows an investor to defer paying capital gains taxes on the sale of certain types of property if they reinvest the proceeds into a similar property. 

        • 1031 Exchange and Tax Deferral
        • Who is it for, when to use it
        • What does "like-kind" property mean
        • How real estate agents could benefit
        • Why Estate Planning is important
        • Potential for portfolio diversification
        • Different investment opportunities 
        • Thank you for listening to The Fit Financial. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the fit financial or if you’d like to know how you can work with us directly, Visit us at 

          IG: Amanda @thefitfinancial_ 

          IG: Shawn @shawnhanquist  

           

          The fit financial is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. 

          34 min
        • 112. The Difference Between a CPA and a Financial Planner

          I’m Amanda Hanquist, the Fit Wealth Show Podcast have you ever thought..hmm... I feel like my CPA should’ve told me this, or saved me more money on my taxes, or what is my Financial Advisor or planner even doing for me other than my investments? Well today on the show we are breaking down the difference between your CPA and your financial planner and when you may want to consider hiring the two. This is the fit financial podcast.

          What is the primary focus of each professional? 

          How does a financial planner work with or collaborate with your CPA? 

          What should your financial planner know about taxes? 

          What should your CPA know about tax strategy and when to bring it up to you? 

          What are the different types of CPA’s and Financial Advisors (EP. 110)? (Credentials and qualifications?) 

          How do their fee structures compare? 

          When should you hire a CPA vs an FA? Or when should you work with both? 

          If you've ever asked these questions, give this episode a listen!

          Thank you for choosing to listen to The Fit Wealth Show. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the fit financial or if you’d like to know how you can work with us directly, Visit us at fitwealthadvisors.com 

          IG: Fit Wealth @fitwealth_

          IG: Shawn @shawnhanquist  

           

          The Fit Wealth Show Podcast is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. 

          42 min
        • 111. How Tax Brackets Work and is Real Estate a Good Investment Strategy?

          I’m Amanda Hanquist, the Fit Financial, Tax season can be daunting, with complex rules and regulations leaving many of us scratching our heads. But fear not! In today's episode, we're pulling back the curtain on tax brackets, shedding light on how they work.

          What exactly is a tax bracket, and how do they work? We'll explore the ins and outs of our progressive tax system, breaking down how the tax system divides income into tiers and applies different rates to each segment.

          Plus, we'll discuss strategies for navigating tax brackets intelligently, maximizing deductions, and minimizing your tax bill and talk about things like, is real estate a good investment strategy?

          So, whether you're a business owner just trying to figure out the world of finance, this episode this episode is for you!

          Thank you for listening to The Fit Financial. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the fit financial or if you’d like to know how you can work with us directly, Visit us at fitwealthadvisors.com 

          IG: Amanda @thefitfinancial_ 

          IG: Shawn @shawnhanquist  

          The fit financial is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. 

          37 min
        • 110. How to Choose a Financial Advisor, The Top 5 Pillars to Financial Planning

          I’m Amanda Hanquist, the Fit Financial!

          I have some questions for you...did you know we’re gonna be living longer and by living longer we’re going to need more money, more money means we’re gonna to need to be smarter with it, smarter in multiple ways.

          With that, when do you hire a financial advisor?

          or if you already have one, do you have the right financial advisor?

          What are the differences between all the different advisors out there and What should they be doing for you?

          Stay tuned to the end because we’re going to get into one thing that might be missing that could be costing you millions.

          Stay tuned to the end for our Final Health Segment featuring Ali Gilbert, @thealigilbert to talk Men’s Health 

          Some of the questions we go over are What’s the leading cause in the decline of men's health? What can the women in the men’s lives do to help them? What are some of the simplest things men can do to start getting their health in order now? This was a great conversation for the men out there or for the men in our lives.

          Thank you for listening to The Fit Financial. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the fit financial or if you’d like to know how you can work with us directly, Visit us at fitwealthadvisors.com.

          Amanda @thefitfinancial_

          Shawn @shawnhanquist

           

          The Fit financial is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.

          58 min
        • The Holy Grail of Investing, is Tony Robbins Book Worth it?

          I’m Amanda Hanquist, the Fit Financial. Being a true financial professional, I see a lot of great and not so great advice out there from “financial experts”.  

          As a licensed professional, there’s a lot of things we can and can’t say, for example we can’t say "money expert" or promise to make you a certain amount of money or give you the “holy grail of investing” because, we’re licensed professionals who are backed by firms that are backed by the SEC and have compliance.

          In fact this very podcast was sent through compliance before being released to you...but speaking of money experts and the holy grail of investing, have you pre-ordered Tony Robbins new book yet or by the time this comes out have you read it yet?  

          In this episode of The Fit Financial, we're diving into some of the concepts behind this supposedly holy grail of money to break down the who, what and why's for you.

          As always, thank you for listening to The Fit Financial. If you liked this episode, please be sure to subscribe and leave a review. Find me on Social at the fit financial or if you’d like to know how you can work with us directly, Visit us at fitwealthadvisors.com 

          IG: Amanda @thefitfinancial_ 

          IG: Shawn @shawnhanquist  


          The fit financial is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. 

          39 min
        • My Entire Year of No Shopping Explained, Why Quiet Luxury is Out and Loud Budgeting is in

          I’m Amanda Hanquist, The Fit Financial!

          Have you ever had anything social go viral? Well recently I had a reel on Instagram go viral and it made me realize, I can’t be the only one who has had this issue.  It’s intimidating to talk to a financial professional about your money situation, if you don’t feel like they can relate to you. Well let me tell you, I can relate to you on multiple levels when it comes to money mistakes. 

          Today I’m sharing the ugly truth about what lead to my entire year of NO shopping. 

          Have you ever found yourself scrolling on Instagram and boom, one of your favorite influencers pops up with a cute outfit on, but then she changes into 5 more, so you click on the caption and suddenly find yourself on her LTK app and now you’re suddenly shopping? 

          Give this episode a listen to learn how you can overcome your spending addiction, create a better relationship with money and start achieving your financial goals.

          Thank you for listening to the fit financial. If you liked this episode please be sure to subscribe and leave a review. Find me on instagram and tiktok at the fit financial or if you’d like to know how you can work with us directly, Visit us at fitwealthadvisors.com   

          IG: Amanda @thefitfinancial_ 

          IG: Shawn @shawnhanquist


          The fit financial is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. 

          43 min
        • What is Fashion Really Costing us? Being Intuitive with our Money Paralleled with Health Habits (featuring Hannah Osmon)

          What is Fashion Really Costing Us? Being Intuitive with Our Money and Eating Habits featuring Hannah Osman

          I’m Amanda Hanquist, The Fit Financial. Today we are diving into "The Price of Style... How much are we really spending to keep up with the Kardashians, and how can we become intuitive with our money so that we can get over quick, mindless spending and work toward achieving our wealth?" Stick around till the end for the fit tip of the day with the creator of HO Fit, Hannah Osman, talking with us about intuitive eating. Money talks; it’s time to cash in and listen. 

          Are you living in a "Keeping Up with the Kardashians" mindset? You make real money now but have nothing to show for it? In this episode, we are diving into the price of style. Is your "keeping up" mentality jeopardizing your future, and what are some things you can do to build your long-term wealth while enjoying your money too? Because hey, you deserve to enjoy your money, but you also deserve to be financially free. 

          Thank you for listening to the fit financial. If you liked this episode, please be sure to subscribe and leave a review. Find me on social at the fit financial or if you’d like to know how you can work with us directly, Visit us at fitwealthadvisors.com 

          IG: Amanda @thefitfinancial_ 

          The fit financial is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. 

          34 min
        • Thinking About Tomorrow?

          Welcome to the fit financial, I’m your host Amanda Hanquist and we are diving into “thinking about tomorrow”.

          Are you “Thinking about tomorrow”. It doesn’t matter if you make $70,000 or $700,000, if you don’t have enough now, you never will. Let’s talk about why that is, and some ways you can get a handle on this now, so you can best have the future your younger self thought you’d have.

          We can create all the wealth we want, but it’s important to be healthy to enjoy what you’ve built, so joining us on our health segment today is health and fitness space legend, John Gorman, John has been an industry leader for decades, has been a gym owner, owns a supplement company and has a focus is the physique enhancement space, he is a wealth of knowledge and is here to talk with us today about the basics and the importance of preventative lab work before it’s too late.

          Thank you for listening to the fit financial, be sure to join us every other week to get your financial health in order. If you liked this episode please be sure to subscribe and leave a review. Find me on instagram at the fit financial or if you’d like to know how you can work with us directly, Visit us at fitwealthadvisors.com

          *Financial Health Assessment Link

          Amanda on IG:@thefitfinancial_

          Shawn on IG: @thefitwealth_ 


          *The Fit Financial podcast is brought to you by Fit wealth advisors and PlanGroup Financial, a registered investment adviser. Registration as an investment adviser does not imply any level of skill or training. This has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of publication and are subject to change without notice. Past performance is not indicative of future results.

          44 min

        About The Fit Wealth Show

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        The Fit Wealth Show is for business owners who want to turn strong income into real, long-term wealth.