Financial Literacy and Entrepreneurial Skills, with Peggy Beauregard

Have an idea or tip? Send us a text! Peggy Beauregard, a veteran in the world of commercial real estate, graces us with her presence to share over four decades of wisdom. Discover how Peggy transitioned from hands-on property management to becoming a limited partner, reaping the rewards of real estate without the everyday grind. Learn the ins and outs of diversifying income streams and the strategic advantage of turning to real estate as a steady asset class, especially as markets evolve. Beauregard"s insights on embracing economic changes are not to be missed for those looking to secure financial growth and stability. We dive deeper into the crucial subject of planning business exits, particularly as retirement looms on the horizon. Uncover the necessity of significant financial reserves, potentially up to $2.8 million, to ensure a comfortable future. We"ll dispel myths surrounding business valuations and reveal why the real payoff is in the profits and dividends earned over the years. With examples of multigenerational businesses, she explores effective strategies for handing over the reins, whether through selling, liquidation, or generational succession, underscoring the need for foresight and preparation. On a lighter note, we highlight the importance of nurturing financial literacy from a young age. Richard Wilson"s approach to instilling entrepreneurial thinking in his children shines a light on the timeless principles of integrity and customer care. These values build a sustainable business and prepare the next generation for future success in an ever-changing world. Beauregard caps off our episode with a call for continuous learning and networking within the real estate industry, offering her expertise and encouragement for listeners eager to enhance their financial journeys.Mediaclip Mediaclip strives to continuously enhance the user experience while dramatically increasing revenue. Independent Photo Imagers IPI is a member + trade association and a cooperative buying group in the photo + print industry. Buzzsprout - Let's get your podcast launched! Start for FREE Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you. Support the show Sign up for the Dead Pixels Society newsletter at http://bit.ly/DeadPixelsSignUp. Contact us at gary@thedeadpixelssociety.com Visit our LinkedIn group, Photo/Digital Imaging Network, and Facebook group, The Dead Pixels Society. Leave a review on Apple and Podchaser. Are you interested in being a guest? Click here for details. Hosted and produced by Gary Pageau Edited by Olivia Pageau Announcer: Erin Manning