Jun 19, 2023
Are you seeking to gain financial literacy and reach new heights of financial success?
In this episode, Nicole Durio shares her journey into financial and professional development coaching. She dives into the importance of creating multiple income streams, using joint ventures and alliances, having a Resource Allocation Plan (RAP), and taking advantage of tax benefits. Nicole offers advice on how to prioritize what will give the biggest benefit from a cash flow perspective and find innovative ways to reach financial goals. Learn how to become financially informed by tuning in now!
Nicole Michelle Durio, CPA, has over 25 years of experience in accounting, financial reporting, advisory services, business consulting, CFO services, and internal and external auditing.
[00:01 - 07:44] Opening Segment
• Nicole shares her background and work
Accounting, financial reporting, advisory services, and business consulting
• Nicole believes in organic learning and never turns down an opportunity to learn or look at a deal/investment
Providing financial coaching and professional development coaching
[07:45 - 15:28] Stop Budgeting and Start Allocating Resources
• You should prioritize what will give you the biggest benefit from a cash flow perspective
Focus on four streams of income
• The importance of understanding liquidity, equity, and sweat equity
• Stop budgeting and use a Resource Allocation Plan (RAP)
[15:29 - 23:23] Don't Get Caught Off Guard
• People shouldn't be relying on one source of income
• Why you should do tax planning at least three months before the tax year starts
• Strategies that can be implemented to reduce taxes owed
[23:24 - 27:28] Closing Segment
• Make sure your tax consultant can tell you at least three new things every year
Connect with Nicole:
Website: www.nicolemichelle.com
LinkedIn: Nicole Durio
Key Quotes:
“I just believe that education is a great liberator, and if people know better, they can do better.” - Nicole Durio
“Make sure in your business and your personal life, you live a life of no surprises.” - Nicole Durio
WANT TO LEARN MORE?
Connect with me through LinkedIn.
Or send me an email at sujata@luxe-cap.com
Visit my website, www.luxe-cap.com, or my YouTube channel.
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