July 23, 2019
We touched on three key themes during our last conversation:
1. Financial wellness
2. Creating a company for your brand
3. Increasing supplemental income
Welcome
alana
Financial Wellness
robust Financial plan
Together we will create a financial plan based on your long-term personal and professional goals
Monthly Savings
Our target savings for each month will be between 7-10% of your pre-tax income
Adjust risk profile
Based on your age, retirement goal, and current risk profile you should be targeting annual returns in the low double digits
Creating a Company
LLC Formation
I'll create an LLC to protect and house your brand and contracting gigs
S Corp for tax purposes
You will most likely want to file as an S Corp during the next tax season to avoid self employment tax and enjoy the 20% small business tax break
Enjoy tax breaks
You should be able to write off a portion of your rent as your "home office"
Increasing Supplemental Income
Business plan
Create a strategy for achieving additional income, complete with KPIs and monthly milestones
Speaking engagements
Match your topic expertise (prevention, lifestyle optimization, diabetes, and sleep) to find speaking opportunities
merchandise
Create custom planners, other merchandise, and potentially a health and nutrition app
