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Boosting Your Financial IQ

Written by: Steve Coughran
  • Summary

  • The Boosting Your Financial IQ podcast deconstructs accounting and financial concepts to provide listeners with a holistic understanding of how money works and how to create more value. The host, Steve Coughran, brings his wealth of experience working as a business owner, management consultant, and CFO to share examples, stories, and analogies that deepen business acumen and build skills related to financial literacy. Boosting Your Financial IQ centers in on financial and accounting topics that will empower you to identify value drivers and boost financial performance. Whether you are new to finance or a seasoned professional, this fresh podcast will equip you with real-life financial knowledge that will enable you to speak the language of money. Visit www.byfiq.com to learn more.
    © 2024 Boosting Your Financial IQ
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Episodes
  • 112: The Ins and Outs of CapEx
    Apr 29 2024

    Welcome to Boosting Your Financial IQ with your host, Steve Coughran. Today, we're diving into "The Ins and Outs of CapEx." Capital expenditures, or CapEx, are vital for business growth, but understanding them is key. We'll explore how companies establish thresholds for CapEx, ensuring investments align with strategic objectives. Delving into the mechanics, we'll demystify depreciation and amortization, crucial for assessing asset value over time. Moreover, we'll dissect the nuances of capitalizing assets like technology, illuminating how this impacts financial statements. Why? Because comprehending CapEx lays the groundwork for our next episode on free cash flow. Tune in as we navigate the financial landscape, empowering you to make informed decisions.

    Access the free course "The Million Dollar Blueprint" here > Email Steve your thoughts at steve@byfiq.com

    Helpful links:

    • Join the Strategic Financial Mastery program
    • Join Our Free Community
    • Train your team with an on-site workshop

    Disclaimer:
    BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.

    This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.

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    17 mins
  • 111: Investing in the Business of Child Care with Patrick Bell
    Apr 22 2024

    Welcome to Boosting Your Financial IQ podcast with your host Steve Coughran. In this episode, we explore the world of investing in the business of childcare with Patrick Bell, CEO of Finexia. Patrick sheds light on why childcare is a unique and promising investment opportunity, highlighting its resilience in the face of economic fluctuations and its crucial role in supporting working families. We delve into how demographic trends and government policies influence the childcare industry's viability, and the pivotal role of subsidies and incentives in driving private investment. Join us as we compare investing in childcare against various asset classes, from ETFs to commodities, evaluating factors like risk management, potential returns, and long-term financial growth prospects. Gain insights into how investing in childcare can offer both financial stability and a positive impact on society.

    Access the free course "The Million Dollar Blueprint" here > Email Steve your thoughts at steve@byfiq.com

    Helpful links:

    • Join the Strategic Financial Mastery program
    • Join Our Free Community
    • Train your team with an on-site workshop

    Disclaimer:
    BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.

    This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.

    Support the Show.

    Show more Show less
    16 mins
  • 110: Straight-Up Advice for Those Making Financial Decisions
    Apr 15 2024

    Welcome to Boosting Your Financial IQ, I'm your host Steve Coughran. Today, we're diving into "Straight-Up Advice for Those Making Financial Decisions". In the fast-paced world of business, financial literacy isn’t just an asset; it’s a necessity. You might think finance is only for the birds, but if so, you’re not alone; most people score below a D on our business financial literacy IQ test. Even if you’re not in a finance role or still in school, understanding money's language can be pivotal. I've been there; launching my first company, I couldn’t even read a financial statement. But I learned. And now, I'm here to share how mastering finance can be simpler than you think. Financial literacy isn’t just for nerds; it’s for anyone who wants to achieve financial freedom. With a rising demand for financial skills, now's the time to gain that competitive edge. So, why does financial literacy matter in business? It informs decision-making, assesses your company’s health, aids in effective strategy, ensures regulatory compliance, and boosts confidence. But remember, faking it till you make it won’t cut it; honesty trumps pretending. Ready to boost your financial IQ? Start by tuning into podcasts like this one, and consider courses or YouTube videos. The key? Find a teacher who clicks with you. It's all about commitment and hard work, but believe me, it's worth it. So, let's dive in and unlock the language of money together.

    Access the free course "The Million Dollar Blueprint" here > Email Steve your thoughts at steve@byfiq.com

    Helpful links:

    • Join the Strategic Financial Mastery program
    • Join Our Free Community
    • Train your team with an on-site workshop

    Disclaimer:
    BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.

    This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.

    Support the Show.

    Show more Show less
    13 mins

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