Debt Doesn't Have to Destroy Your Contracting Business скачать в хорошем качестве

Debt Doesn't Have to Destroy Your Contracting Business

If you run a contracting business with your spouse, paying off debt can feel like the responsible thing to do. Every extra dollar goes toward loans, equipment financing, or credit lines with the goal of becoming debt free as fast as possible. But for contractor couples, aggressive debt payoff can quietly choke cash flow, stall growth, and add unnecessary stress to both the business and the marriage. In this episode of Built for Two, CEO Edition, we break down why business debt is not the same as personal debt and how contractor couples can manage debt strategically without sacrificing flexibility or future opportunities. You will learn how to protect cash flow first, which debts actually deserve aggressive payoff, and how to balance debt reduction with growth investments that move your business forward. This episode walks through a practical framework for debt management, including building a proper cash flow cushion, prioritizing debt by interest rate instead of balance size, testing opportunity cost before making extra payments, and creating a monthly decision system that keeps both spouses aligned. We also cover the most common debt payoff mistake contractor couples make and why paying off low interest debt too early can cost you thousands over time. If you and your spouse want to reduce financial stress, keep your business growing, and make debt a tool instead of a burden, this episode will help you build a smarter strategy that supports both your company and your relationship. Timestamps 00:00 Why aggressive debt payoff can hurt contractor couples 02:06 The three ways debt kills cash flow, growth, and peace 03:44 Cash flow comes before extra debt payments 05:03 Balancing cash reserves, growth, and debt payoff 06:03 How to implement a debt strategy step by step 07:43 The spouse sync system that prevents money fights 09:33 The most expensive debt payoff mistake contractors make 10:25 Building freedom with strategy instead of hustle ___ Subscribe: 👉 @emeraldcorner ⭐Our clients think we do a great job ⭐ Testimonials: https://www.google.com/search?q=emera... ✅Work with us: https://theemeraldedge.com/quiz Let's connect 👉Follow me on Facebook: / emeraldexpectations 👉Follow me on Instagram: / emeraldexpectations 👉Follow me on LinkedIn: / emeraldexpectations 💡Resources to get you going Set Up a Limited Liability Company LLC: https://thelegalpreneur.com/product/l... Run Payroll for Your Company: https://gusto.com/?referral_token=kim... About us. Kimberly Ferguson is the face behind The Emerald Edge. She has a Bachelors Degree in Business Management, a Masters Degree in Accountancy, and is an Enrolled Agent with the IRS. She is also a Certified CFO through the CFO Project. Founded on the principles of Integrity, Respect and Excellent Customer Care, Kimberly started her company because she hated the way she saw her clients being treated while working at another accounting firm. She wanted to serve small business owners in a way that actually made a difference in their lives. -- DISCLAIMER – Kimberly Ferguson, Emerald Expectations Accounting LLC and related parties do NOT provide tax, legal, or accounting advice. This content has been prepared for information purposes ONLY and is not intended to provide and should not be relied on for tax, legal, or accounting advice. Viewing this video does NOT create an accountant-client relationship with Kimberly Ferguson or Emerald Expectations Accounting. You should consult your own tax, legal, and accounting advisors for professional advice. #smallbusiness #smallbusinessowner #finance #financetips #outsourcedaccounting #cfo #taxtips #taxstrategy #taxstrategies #selfemployed