Wealth Series - Episode 13 - Business Investing & Ownership

<p id="docs-internal-guid-1914d6a8-7fff-3221-87b6-fbf5d30c7443" dir="ltr" style= "line-height: 1.38; margin-top: 0pt; margin-bottom: 16pt;"> <span style= "font-size: 12pt; font-family: helvetica, arial, sans-serif; color: rgb(27, 37, 44); background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> In today’s lesson, we dive into the business bucket, which says that a substantial amount of wealth in the world is created by investing in, owning, or starting a business.</span></p> <p dir="ltr" style= "line-height: 1.38; margin-top: 0pt; margin-bottom: 16pt;">  </p> <p dir="ltr" style= "line-height: 1.38; margin-top: 0pt; margin-bottom: 16pt;"> <span style= "font-size: 12pt; font-family: helvetica, arial, sans-serif; color: rgb(27, 37, 44); background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> Investing in a business can provide some of the largest returns, and there are plenty of situations where you buy or start a company that’s generating $10,000 or $15,000 a year, and a couple of years later, it earns  $500,000 to $750,000, significantly increasing its valuation.</span></p> <p dir="ltr" style= "line-height: 1.38; margin-top: 0pt; margin-bottom: 16pt;">  </p> <p dir="ltr" style= "line-height: 1.38; margin-top: 0pt; margin-bottom: 16pt;"> <span style= "font-size: 12pt; font-family: helvetica, arial, sans-serif; color: rgb(27, 37, 44); background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> In this episode, we share ten essentials every business needs to be successful, discuss considerations of starting or investing in a business, working with a partner, and provide valuation models to assess how much a business is worth. Use this conversation as a launching point to start thinking about how a business can help you leverage your wealth plan by buildi