Remember reaching that point in your business where you realized you were finally making a lot more money, and it felt so good?
You'd planned to do all the things when you got here!
Finally catch up on retirement savings, invest more, get all the right things in place.
But then you look at your bank account, and it hits you that somehow your increased revenue hasn't translated into as much take home pay as you expected.
How the f*%^ is this possible?!
I must be leaving money on the table because I don't understand how I don't have more money to spend AND more to invest.
But who do I even ask? What if it's just me? Obviously I just need to make more money, but how much more?
The good news is, you're right. You should be able to keep more of what you're earning- I can show you how…
I'm a CERTIFIED FINANCIAL PLANNER™, Author, and Entrepreneur.
As my business and revenue grew, I learned a thing or two firsthand about the unique challenges of financial planning as a small business owner. Learning how to apply my financial expertise to these challenges despite many failures and lots of trial and error has led to some of my biggest accomplishments yet, which include retiring my husband at 37, getting to spend a ridiculous amount of time with our family (we have a son, Dean who is 1½), and moving across the country to southern California in pursuit of living our best lives, all while having the privilege of continuing to help hundreds of amazing clients and students use their money to do the same.
I'm on a mission to help hundreds of entrepreneurs squeeze more out of their business revenue by getting their money to work smarter AND harder for them for maximum results (and maybe even more husbands retired 😉).
Yes, the typical way to increase your profits is to make more, spend less, or a bit of both.
What you learn in the Profit module goes beyond the basics and into the tax and financial strategies you can layer on top (or if you want, use instead!).
You'll learn about what strategies exist, which ones are available to you and make the most sense to implement based on your cashflow, financial needs, and personal goals, and will have support in leveraging these in order to maximize your personal profit (aka take home more money from your business)
If you want to build real wealth, investing is mandatory- not optional.
As an entrepreneur, there are many different ways to grow your money, but investing by leveraging tax-advantaged accounts strategically is the ONLY way to keep more of the profits you decide to invest
There many different tax systems and earned income (like the salary and profits you generate in your business or the rental income you collect from your investment properties) gets taxed at the highest rates- the more you earn the more the next dollar gets taxed.
By understanding your opportunities and intentionally planning your investment strategy through the lens of minimizing risk AND taxes, you can get your hard earned profits into a different tax system (hello, long term capital gains rates!) or out of the tax system altogether.
In Profit 2 Wealth, we're all about diversifying your investments to both reduce risk + minimize taxes so that you aren't leaving your net worth or legacy up to chance and can keep more of what you're building so you have more to spend, more to save, and more to give.
Not necessarily. Profitable just means you spent less than you made in your business this year or this quarter.
Which is good- spending less than you make is fundamental.
If you’re consistently profitable, you might have money left and building in your checking and savings. You can also be profitable on paper (aka in Quickbooks or your tax return), and have nothing to show for it in your bank and investment accounts- that’s another story (unfortunately a pretty common one)
Here’s the thing- if you’re profitable because you’re spending less than you bring in and that’s the extent of it- you’re likely leaving money on the table.
You can significantly reduce your taxes, thereby increasing your profit, while spending the same amount and without needing to sell more by taking things a step further and implementing tax and financial strategies.
That is what I teach and help you implement during our 6 months together in Profit 2 Wealth. We maximize your Profit and then we leverage it into wealth.
Aren't you already delegating your finances and not getting the results you're looking for and really want?
I was. I had a bookkeeper, a CPA, a business attorney, and am a Certified Financial Planner™ myself. I had a team of financial professionals I was paying well and trusted, and I wasn’t getting the results I wanted before learning what I teach in this program. Maybe you're reading this because you can relate?
I'd like to say that now that I know what I know about how to maximize profits and better use my business to build wealth, that my team was the problem. That if you put together a team that looks like “x” you can delegate all of this. But that's just not true.
You can never fully delegate your finances because you are the only one who knows what is going on in your life and business, what your situational risk tolerance is, and what your current priorities are at any point in time. And any entrepreneur knows that it's a constantly moving target.
You need to have an adequate level of financial knowledge that allows you to properly communicate with your team, ask the right questions, give them the right information about what you’re trying to accomplish, know when it's crucial to get help, and be able to work effectively and efficiently with them in order to get great results both now and in the future
Profit 2 Wealth equips you with the knowledge you need to confidently guide and co-create a strategy you can properly implement with your team so you can take more home from your business today and for years to come.
The short answer is you should be bringing in at least 6 figures, have done so for at least 2 years, and know how to make money in your business to get the most benefit from Profit 2 Wealth.
The longer answer is revenue isn’t the determining factor, your situation is. That’s why I offer Profit 2 Wealth Discovery calls– they’re a way for me to help you determine whether you can easily get a return on your investment in the program.
So if you're not at the six-figure mark (maybe by choice) or are beyond that but have less than 2 years in business, and you feel like the program is a worthwhile investment for where you are, let's chat. I'll tell you straight up if it doesn't sound like a good fit to me.
We had a seasoned entrepreneur in the last cohort who’s been in the $80k- $100k in revenue for the last several years but has low business expenses and a spouse with a steady paycheck- P2W had a huge ROI for her and she said the program and related support were crucial in helping her regain her financial footing and start rebuilding wealth after some tough financial hits during covid
We had another student in one of the last cohorts who was only in her second year in business tracking for 6 figures, no bookkeeper or financial help, and no spouse, but was crystal clear on how to make money and had no trouble planning based on last year’s numbers. She also had incredible results from the program, was able to implement strategies to increase her salary and reduce her taxes, started investing, and put together her financial team with my support during her cohort
While those stories are great, and I'm proud to have been bale to support those entrepreneurs, I also have a multi- 7 figure coach who found an extra $107k in tax savings she can pocket in the next 12 months implementing several of the exact core strategies I teach in module one of Profit 2 Wealth- and we haven't even scratched the surface
So revenue isn’t everything, but more revenue typically means bigger numbers in your pocket. We’re focused on helping you take home more money from your business in this program and “more” is directly correlated and often proportional to your revenue. You can’t pay yourself $100k if you’re bringing in $105k, right?
The higher your revenue, typically the easier it is to get more immediate return on the strategies shared in P2W both from a tax savings perspective and a personal income perspective.
You can find me on Instagram @peterkinfinancial and send me a DM or a voice memo there if you have lingering questions about Profit 2 Wealth. Or, if you prefer to email me- press the contact button below and send me a note- I read and reply to every single one.