Financially Simple

In episode 292 of Financially Simple, Justin gives his thoughts on buying an expensive new toy to treat yourself as a Small Business Owner. Perhaps you've had a phenomenal few months, with your business thriving through the pandemic, or perhaps it's been tough and you want to let off some steam. Either way, Justin provides some perspective and some considerations you should have before making the purchase of that new yacht - how will it affect your retirement plan? What other unforeseen costs will splurging have? Is it really worth it? Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 01:37 - Treating Yourself to a New Toy 03:56 - A Case Study Example 05:52 - The Retirement Calculator Math 08:56 - Looking to the Future 11:55 - What About Above Market Returns? 14:05 - The Missing Pieces: Taxes 15:28 - "But I've Got The Cashflow" 16:51 - Summary   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube S