Is your business truly prepared for the future, or are you unknowingly giving up control of your cash flow? In this eye-opening episode of Buried in Work, host Adam Zuckerman sits down with Tim Yurek, founder and CEO of Tier One Capital, to discuss the critical importance of business succession planning, financial efficiency, and how to take control of your financial future.

With over 35 years of experience in financial consulting, Tim shares practical insights on business succession, key person retention, and how business owners can maximize their cash flow. Through real-world examples and personal stories, Tim explains the power of life insurance policies as financial tools and how understanding cash flow management can help business owners avoid common pitfalls. Whether you’re a small business owner or preparing for estate planning, this episode delivers strategies you can apply today.

Key Takeaways:

• Being in control of your money and cash flow is crucial for financial success.

• Small business owners often struggle with cash flow issues, which can have a negative impact on their health and longevity.

• The five major areas that small business owners need to focus on are taxes, real estate payments, education funding, retirement funding, and major capital purchases.

• Timothy Yurick's four-step strategy for solving cash flow issues involves finding the money, identifying where control of money is being given up, stopping ineffective financial habits, and utilizing cash flow efficiently.

• Examples of how the strategy has helped business owners include extending amortization schedules, borrowing against life insurance cash value, and reallocating funds to solve business planning problems. Over two-thirds of small business owners want to have a succession or exit strategy, but only 17% have a documented plan that has been communicated to all key players.

• Cash flow optimization involves identifying where control is being given up, stopping inefficient use of money, putting money in a place with complete liquidity and control, and borrowing money from oneself and paying interest back to oneself.

• Cash value life insurance can be used as a funding solution for business planning problems and can be leveraged to run and grow a business.

• Business owners should consider getting a business valuation to determine the size of the problem and the cost of the solution for succession or exit planning.

• Having a buy-sell agreement is essential for business owners to ensure a smooth transition and avoid potential conflicts.

• Planning for the future and having a succession plan in place provides peace of mind for business owners and their key players.

Show Links:

• Tier 1 Capital: Visit Tim’s website to learn more about Tim Yurek and his financial strategies at https://tier1capital.com/

• Free Report: Download the “Six Critical Questions for Business Succession” report to start planning for your business’s future here: https://tier1capital.com/special-focus-report/

• Visit Buried in Work for more episodes and resources.

Don’t miss out on future episodes! Subscribe to the Buried in Work podcast to get expert tips and insights from professionals in the estate planning industry.

What drives someone to turn personal tragedy into a lifelong mission of helping others? In this insightful episode of Buried in Work, host Jared Rizzi interviews Danielle Knapp, CEO of the Iowa Funeral Directors Association, to explore her powerful journey into funeral service. After the sudden and traumatic loss of her father, Danielle found her calling in helping families navigate grief and end-of-life planning. She opens up about her emotional and professional challenges, the transformative power of empathy, and the remarkable work funeral directors do behind the scenes. The episode also features a compelling discussion on the documentary Flight 232, which showcases the dedication of funeral directors during a mass casualty event.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬:

• Danielle Knapp’s path into funeral service started after the tragic death of her father, which deeply shaped her purpose.

• Funeral directors are often overlooked for the emotional weight they carry while helping families through the hardest moments.

• A behind-the-scenes look at the Flight 232 documentary, focusing on funeral directors as first responders in the aftermath of a tragedy.

• The importance of turning grief into empathy and how Danielle channels that energy into supporting families.

• Insight into how conversations about death and end-of-life planning can ease the burden on families.

Show links:

• Visit Buried in Work for more episodes and resources at https://buriedinwork.com/.

• For more about Danielle Knapp’s work, visit Iowa Funeral Directors Association at https://iafda.org/

Don’t miss out on future episodes! Subscribe to the Buried in Work podcast to get expert tips and insights from professionals in the estate planning industry.

Are you struggling to find enough time to plan your estate or tackle important end-of-life tasks? You're not alone! In this episode, host Adam Zuckerman chats with time management expert David Buck, author of The Time Optimized Life and founder of Kairos Management Solutions. Together, they explore how time optimization, rather than traditional time management, can simplify complex processes like estate planning and managing end-of-life tasks. Learn how to overcome distractions, defeat procrastination, and structure your time more effectively to make estate administration easier and less stressful.

Key Takeaways:

• Time Management vs. Time Optimization: Discover the crucial difference and how being proactive with your time can help you achieve more with less effort.

• Tackle Distractions: David shares actionable strategies to minimize distractions in everyday life, including practical steps like "quarantining" your phone.

• Overcoming Procrastination: Find out why we procrastinate and how breaking tasks into smaller steps can help you start and finish your estate planning.

• Using Calendars for Success: David emphasizes the importance of planning your schedule two weeks in advance and keeping it flexible enough to adapt.

• Estate Planning Made Simple: Learn how breaking down estate planning into manageable steps can reduce overwhelm and help you get started today.

Show links:

• Visit David’s website at Visit infinitylifestyledesign.com

• Take the FREE Time Management Analysis (TMA) assessment https://infinitylifestyledesign.com/tma/

• Order The Optimized-Life Book: https://infinitylifestyledesign.com/the-time-optimized-life-book/

• Visit Buried in Work for more episodes and resources.

Don’t miss out on future episodes! Subscribe to the Buried in Work podcast to get expert tips and insights from professionals in the estate planning industry.

Are you truly prepared to secure your financial future and leave behind a lasting legacy? In this episode of the Buried in Work podcast, host Adam Zuckerman talks with Peter Culver, co-founder of Freedom Family Office, about how to simplify estate planning and ensure your family’s future is protected. Whether you're an entrepreneur, business owner, or someone seeking financial security, Peter shares expert insights on tax reduction strategies, wealth management, and the crucial role of life insurance in estate planning. Learn how to use life insurance to safeguard your assets, reduce taxes, and ensure a seamless wealth transfer to your heirs. This episode is packed with actionable tips to help you protect your wealth, create an effective estate plan, and build a financial legacy that lasts.

Key Takeaways:

• Freedom Family Office Approach: Focusing on business owners, Freedom Family Office provides financial planning, investment management, tax reduction strategies, and estate planning, all with a personalized vision of creating an "ideal life."

• Estate Planning Simplified: Peter breaks down the essential steps to prepare a comprehensive estate plan that ensures your family's future is secure, including the critical role of having a will and how life insurance can be used as an estate planning tool.

• Tax Reduction Strategies: Learn why reducing taxes can be more effective in growing wealth than finding high-return investments, and how even those with moderate incomes can take advantage of these strategies.

• Avoiding Common Mistakes: Peter shares practical advice on avoiding common estate planning mistakes, such as neglecting to update wills or creating inadequate buy-sell agreements for business owners.

• Living Rich Beyond Money: Peter emphasizes that true wealth is about more than just financial assets—it's about living a life aligned with your personal values and ensuring your legacy reflects that.

Show links:

• Connect with Peter Culver: peter@freedomfamilyoffice.com

• Website: https://freedomfamilyoffice.com/

• Visit Buried in Work for more resources about Estate Planning at https://buriedinwork.com/

Don’t miss out on future episodes! Subscribe to the Buried in Work podcast to get expert tips and insights from professionals in the estate planning industry.

In this insightful episode of the Buried in Work podcast, host Adam Zuckerman interviews Timothy Clifford, founder of Core Wealth Consultants and a certified financial planner, who shares his decades of expertise in wealth management and estate planning. From his early career on the Chicago Mercantile Exchange to developing the innovative tool, Plan Assist, Tim has helped countless individuals build sustainable wealth. Tim discusses the essential differences between making money and accumulating wealth, key financial decisions that impact long-term success, and how proper estate planning simplifies end-of-life tasks.

Discover the importance of living within your means, maximizing your 401(k), seeking counsel, and diversifying assets for a secure financial future. Tim provides practical, actionable insights for those looking to take control of their financial destiny. Plus, he shares how his Plan Assist tool can guide you through building a wealth strategy that stands the test of time. Whether you're just starting or are well into your financial journey, this episode has something valuable for everyone.

Key Takeaways:

• From Trading to Wealth Management: Tim’s journey from the Chicago Mercantile Exchange to founding Core Wealth Consultants.

• Key Financial Decisions: The difference between earning money and building wealth.

• Plan Assist: Tim’s tool to help individuals simplify their financial planning and estate management.

• Living Within Your Means: Why financial discipline is crucial to long-term wealth.

• Diversification: More than just stocks—diversifying income streams and tax liabilities for a secure retirement.

• Seek Counsel: How both informal and formal counsel can impact your financial success.

Show links:

• Check out Tim’s Plan Assist tool and download his free guide at https://www.planassist.com/

• Visit Buried in Work for more episodes and resources at https://buriedinwork.com/

In this episode of the Buried in Work podcast, host Adam Zuckerman sits down with Scherrie Prince, an attorney and asset protection coach. Scherrie specializes in helping entrepreneurs merge their business plans with their estate plans, building a strong defense around their assets. With over a decade of experience, Scherrie shares valuable insights into protecting your financial legacy and the importance of proactive planning for both personal and business assets.

From her personal journey of growing up in Mississippi, to experiencing firsthand the pitfalls of inadequate estate planning, Scherrie’s story is both moving and informative. Listeners will discover the essential steps needed to protect their business, understand the key differences between trusts and wills, and learn how to create a succession plan that ensures continuity for future generations.

If you’re an entrepreneur or business owner looking to secure your financial future and avoid common pitfalls, this episode is packed with actionable tips you can start implementing today.

Key Topics:

• Asset Protection is Crucial: Many entrepreneurs overlook the importance of merging their business and estate plans, leaving their assets vulnerable.

• Identify and Classify Assets: Knowing what you own, your liabilities, and how to properly classify personal vs. business assets is the foundation for effective asset protection.

• Plan for Succession: Having a clear succession or exit strategy in place ensures the business continues smoothly, even in the event of death, incapacity, or other unexpected situations.

• Legal Structure Matters: Choosing the right legal structure, such as LLCs or trusts, can provide substantial protection for both your personal and business assets.

• Involve Professionals Early: Building a team of professionals—attorneys, accountants, and financial advisors—ensures that your estate and business plans are robust and well-protected.

Show links:

• Scherrie’s Website: https://scherrieprince.com/

• Follow Scherrie on LinkedIn: Scherrie Prince

• Special Offer: Use code 𝐁𝐈𝐖𝐏𝐎𝐃𝐂𝐀𝐒𝐓 for 10% off Buried in Work’s estate preparation package at buriedinwork.com

• Visit Buried in Work for more episodes and resources.

Don’t miss out on future episodes! Subscribe to the Buried in Work podcast to get expert tips and insights from professionals in the estate planning industry.

In this episode of Buried in Work, host Adam Zuckerman welcomes Erin Whalen, founder of Compassionate Coaching, a company dedicated to providing communication tools and emotional support to end-of-life professionals. Erin shares her inspiring journey, from starting as a general life coach during the pandemic to focusing her work on supporting hospice, palliative care, and grief professionals. She highlights the vital role empathy plays in dealing with the grieving and the dying, and how crucial communication skills can make a profound impact on the quality of care provided.

Key Topics:

• Discover how Erin transitioned from a career in acting to launching Compassionate Coaching, specifically serving end-of-life workers.

• Erin emphasizes the importance of “head moments” vs. “heart moments” when breaking difficult news to patients and how professionals should balance logic with emotional support.

• Learn about the unique use of actors in medical schools to help train future physicians in empathetic communication, particularly in end-of-life scenarios.

• Erin explains how her role-playing exercises and playback theater techniques help end-of-life professionals practice difficult conversations and improve their connection with patients and families.

• Erin offers practical tips for those experiencing burnout in emotionally taxing fields like hospice and palliative care, including the importance of deep breathing, connecting with colleagues, and finding a support system.

Whether you're facing the daily challenges of working in hospice care, palliative care, or grief counseling, or you're supporting a loved one through end-of-life transitions, empathy is your most powerful tool. This episode delves deep into practical communication strategies that will help you connect more meaningfully with patients and families, while also maintaining your own emotional health. Erin Whalen shares expert advice on how to stay grounded, prevent burnout, and truly make a difference in the lives of those you care for.

Show links:

• Find more about Erin’s work and explore free resources like the Burnout Barometer and Transition Routine for end-of-life workers on her website: compassionatecoaching.org.

• Connect with Erin on LinkedIn: LinkedIn: https://www.linkedin.com/in/erin-whalen-compassionate-coaching/

• Website: compassionatecoaching.org

• Visit Buried in Work for more episodes and resources.

• Use code BIWPodcast for 10% off products at Buried in Work.

Don’t miss out on future episodes! Subscribe to the Buried in Work podcast to get expert tips and insights from professionals in the estate planning industry.

In this insightful episode of the Buried in Work podcast, host Adam Zuckerman interviews Jeanette Yates, a self-care coach for caregivers and founder of The Self Caregiver. Jeanette shares her personal experience as a lifetime caregiver for her mother, which started when she was just eight years old. Through the years, Jeanette has developed strategies to help caregivers avoid burnout, emphasizing the importance of setting boundaries and making self-care a priority.

During this episode, Jeanette discusses why traditional self-care advice doesn’t always work, especially if caregivers don’t feel they deserve care themselves. She explains how mindfulness and simple rituals like focusing on small self-care moments, such as brushing your teeth, can make a big difference in reducing stress. She also tackles the challenging dynamics caregivers face with family members, addressing how to navigate guilt and the importance of recognizing yourself as a caregiver even when it doesn’t involve medical tasks.

Jeanette offers practical tips for establishing boundaries and preventing burnout, including setting expectations with family members and ensuring time for personal well-being. Additionally, she highlights the critical role of estate planning and organizing care-related documents in easing the long-term caregiving journey.

Show links:

• Follow Jeanette Yates on Instagram: @TheSelfCaregiver

• Visit Buried in Work: buriedinwork.com

• Use code BIWPODCAST for 10% off Buried in Work’s estate preparation package and games like "One More Story."

Don’t miss out on future episodes! Subscribe to the Buried in Work podcast to get expert tips and insights from professionals in the estate planning industry.