How to make smart financial decisions in life #financialdecisions #moneymanagement #finances

Figuring out how to make smart financial decisions in life? And want to see how those decisions can also impact how you run a business during a recession?

Want to see how you can budget your spending habits in order to manage your company's finances and maximize operations efficiently to create a positive impact on company culture?

Learn about how a CFO approaches financial decisions in business and in personal life.

And listen to a CFO's perspective on money management and what your financial statements say about your business strategy.

Letting you figure out how your perspective on the recession will impact the financial health of your company and personal budget.

Time stamps:

Intro (0:00)

Cost-Benefit Analysis on work worth to financial goals (2:11)

What to consider when paying people and getting paid (3:15)

Evaluating risk and reward (7:30)

How to make the most out of your money (10:30)

Correlation between financial success and values (14:10)

How does your perspective of money influence your financial success (20:44)

How you should treat your money (25:30)

Conclusion (26:55)

Some people think that business finance is some secret cave of complications with rules that don't apply to real life. Well, yes - sometimes it can be when you get into complicated business transactions but the fundamentals of a healthy financial plan for a successful business have the same rules for our personal life. We also think that our bosses are holding back money from us on pay and benefits. Sometimes that could be the case- listen to the conversation to understand if you are really working for an Ebenezer or Scrooge McDuck or working with someone that is offering the best they can and growing a business.

In this video, we are with the founder of New Life CFO Burt Copeland to give a CFO's perspective on money management in how your financial decisions can have a direct impact on your workplace and the life you live regarding income. Breaking down cost-benefit analysis, evaluating risk-reward, learning how to budget during a recession, maximizing your money, and how to view money to achieve financial success. With this in mind, you will be able to not only be successful in your job or business but will be able to achieve personal financial success in direct correlation to understanding how money works and is viewed overall. When you can understand money management and how it relates to your employee’s ambitions. You cannot only maximize your employee’s production but create a company culture that’s set up for success.

When you can understand your employees and the essence of the psychology in what goes behind your financial decisions, you can accommodate for a recession when it’s necessary. Setting yourself up with capital reserves and infrastructure to take advantage of after the recession when things will be cheaper. By leveraging your assets successfully, regardless of the situation, you can make the most out of your business and personal finances. Understanding the two and how they relate in business practice can cause a positive ripple effect in your company that you've never seen.

Special Guest: Burt Copeland Founder of New Life CFO

“New Life CFO Services can help you bring order and stability to your financial infrastructure, harvest cash from your balance sheet, steer your business operations, and stage your company for future growth. When you partner with New Life CFO, you will leverage the knowledge, insights, and financial acumen of the most experienced Corporate Financial Officers — at a fraction of the cost of hiring a full-time CFO."

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#financialdecisions #moneymanagement #businessfinance #company #money