Most business owners spend years building a successful company — but very few know what it actually takes to become financially free.

In this episode, Andrew Eppes and Holly Clapp of Nexus Advisors discuss what financial freedom really means for business owners and why it’s more complicated than traditional retirement planning. ‍

Unlike employees who save through retirement accounts, many entrepreneurs have most of their wealth tied up inside their company. That creates unique challenges when trying to determine how much money you actually need to exit your business and maintain your lifestyle.

In this conversation, Andrew and Holly walk through practical ways business owners can start thinking about their “magic number” — the amount of wealth needed to create lasting financial independence. ‍

Topics discussed include:

• What financial freedom really means for business owners
 • Why relying entirely on your company for retirement can be risky
 • The importance of diversifying wealth outside your business
 • How to estimate the income you’ll need after selling your company
 • The difference between investment growth and sustainable withdrawal rates
 • How spending, net worth, and business valuation all work together in financial planning

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They also discuss practical steps owners can take now to begin planning for a future exit and avoid unpleasant financial surprises later.

Financial freedom isn’t just about having money — it’s about having clarity and a plan for the future. ‍

Learn more about Nexus Advisors:
https://nexusadvisorsllc.com/

‍Connect with Nexus Advisors:
https://nexusadvisorsllc.com/contact-us/

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This podcast is for informational purposes only and does not constitute financial, investment, or insurance advice. Past experiences discussed are not indicative of future results. Listeners should consult their own financial professional before making decisions. 

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Nexus Advisors LLC does not provide qualified business valuations. For a qualified or certified business valuation, consult a properly credentialed appraiser.

‍ ‍Securities and investment advisory services offered through qualified registered representatives of MML Investors Services, LLC. Member SIPC. Nexus Advisors is not a subsidiary or affiliate of MML Investors Services, LLC, or its affiliated companies. OSJ: 14241 Dallas Parkway, Suite 1200, Dallas, Texas 75254. OSJ phone: 972.348.6300. Neither MML Investors Services, LLC nor any of its subsidiaries, employees or representatives are authorized to give legal or tax advice.  Consult your own personal attorney legal or tax counsel for advice on specific legal and tax matters. CRN202903-10610644