Secondary sources of income are a great way to leverage your expertise and speed up your financial plans. Since most budgets are created based on base salary, any income from side businesses or consulting go directly to building investments, paying down debt, or discretionary spending.
These multiple income sources require a different layer of financial planning. Not only are these income sources treated differently from a legal and tax concerns, but they often are random in the amount and frequency. These concerns change the way this income is used and planned for in an annual financial plan.
The creation of side businesses is not a foreign concern for our lead advisor, Stephan Shipe. He has successfully created and sold multiple side projects and is ready to help you navigate the waters of business creation, cash flow planning, business valuation, and when you’re ready, help you coordinate your exit from the business.