Episode 57: Real Life Financial Case Study with Financial Coach Steve Stewart, April 27, 2011.
This week (as we promised several weeks ago) we are airing our guest appearance on the Money Plan SOS podcast with fellow coach Steve Stewart.
- We discuss a real couple’s financial situation. They have a construction-related business with a lot of debt from the business and a lot of personal debt as well.
- Steve tuned into how the spouse feels during times of financial stress. We sometimes get carried away talking about what to do and we sometimes forget to think about how it feels to be in these situations.
- When you’re self employed, you have to make sure the business is profitable and set aside money for taxes. If you don’t, it WILL catch up with you like it did for this couple.
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