Featured post:
IRS Audits: What You Need to Know
The tax deadline is now behind us. Yet, some individuals and business owners are always worried about if they did everything correctly to avoid getting audited by the IRS. Filing taxes can be complex and some tax codes can be… Read Now >>
How Much Should Business Owners Pay Themselves ?
August 21, 2019
In recent weeks on the Illumination Wealth Blog, we’ve been talking about how business owners need to approach both their personal and business finances with the same attention to detail. Last week, we talked about how much money to keep… Read Now >>
How Much Cash Should I Keep in My Personal & Business Bank Accounts?
August 14, 2019
Last week, we talked about the importance of managing both your personal and business cash flow. We think it’s a concept worth discussing more because it’s important to have the right strategies in place. When you own a business, you… Read Now >>
The Importance of Personal Cash Flow for a Business Owner
August 7, 2019
We’ve talked a lot about personal cash flow and finding balance in recent Illumination Wealth Blog posts, but what about personal cash flow for business owners? How important is it? How should you manage it? Business vs. Personal Cash Flow… Read Now >>
Case Study: Changing Spending Habits to Eliminate Consumer Debt
July 23, 2019
Millions of Americans are dealing with consumer debt. Of course, some debts such as mortgages are healthy because real estate is typically a very strong long-term investment with great tax benefits. Then you have student loans and car loans, which… Read Now >>
What Should You Be Spending Money On for a More Enriching Life?
July 17, 2019
This month on the Illumination Wealth Blog, we’re talking about how to find financial balance. It’s all about ways to enjoy your lifestyle now while still saving for your future. It sounds simple, but it is often easier said than… Read Now >>
How You Can Save More Money Without Changing Your Lifestyle
July 10, 2019
On the Illumination Wealth Blog, we’ve talked a lot about how to save more money for the future, building up investments for an early retirement and managing wealth to achieve financial independence. However, we don’t want to ignore the fact… Read Now >>
5 Ways to Reduce Your Retirement Plan Cost and Save Millions
July 3, 2019
As we’ve been discussing these past several weeks, you have more options than you realize when it comes to setting up a retirement plan for your business. Whether you go with a traditional 401(k), a SIMPLE IRA or Cash Balance Plan,… Read Now >>
Episode 29: Who’s Got Your Financial Back?
June 28, 2019Who’s got your back? That is one of the most important questions you must answer when it comes to navigating the terrain of personal finance. “Fiduciary” is a word getting a lot of play as of late in the financial… Read Now >>
How You Can Raise Capital for Your Business Through Self-Directed IRA Investors
June 26, 2019
We’ve been talking about retirement plans for investors all month long on the Illumination Wealth Blog. We’ve looked at SIMPLE IRAs and Cash Balance Plans as alternatives to traditional 401(k) plans. In this article, we’d like to talk more about… Read Now >>
Episode 28: The KPIs of Wealth Management
June 21, 2019Unless you own a business you’ve probably never heard of the acronym “KPI”. You may even think we are talking baseball. KPI stands for Key Performance Indicator. KPIs are the critical (key) indicators of progress toward an intended result. No… Read Now >>
