Show Notes and Key Takeaways

Robert Fugal shared a lot of valuable information on this podcast, here is a list of golden nuggets that I heard just to name a few!

• Because I almost died a few months ago, I thought it would be a good idea to talk with an estate planner. Is your estate in order?
• We always thing that things aren’t going to happen to us but sometimes it does. Are you prepared?
• What is your business structure and is it set up properly and are you running properly.
• Keep up on your record keeping. It will help you steer your ship properly.
• Don’t be ashamed if you books are not in order let a bookkeeper help you get them in order.
• If you need a bookkeeper check out episode #27 with Stacey from Shoebox Bookkeeping Services.
• Everyone needs an estate plan it just is a matter of how complex does it need to be.
• How bad is it if you don’t have an estate plan? The State trys to establish what you would want done and that can be time consuming and costly.
• If you like your beneficiaries and you want to be kind to them, then you want an estate plan.
• If you have an estate plan then you don’t have to go through probate.
• What do you want to put in probate? Stock or ownership of a company, your home, life insurance, etc.
• Robert is old school so he does answer his phone if you have questions for him his number is 801-426-4700.
• Website is BirdFugal.com and his email is [email protected]
• When you start or invest in a business know when to say uncle and don’t throw good money after bad.
• Books that he recommends are Daring Greatly by Brene Brown and Man’s Search for Meaning by Viktor Frankl
• You can minimize your fear of taking action by analyzing what the worst is that could happen and realizing that it’s not as bad as you thought.