Episode 58 (Rewind): The Money Team - Real Talk on Taxes, Retirement & Building Smart Wealth

Season #3

In this episode of Published and Paid®: The Podcast, Jasmine Womack brings viewers inside one of the most powerful conversations from Published and Paid LIVE, where she sits down with her personal Money Team: CPA Eric McGlothin and Financial Advisor Harvey Maclin.

Note: This episode is being reuploaded from the Published and Paid podcast archives.

These are the trusted professionals Jasmine works with in her own financial life, and in this session, they share wisdom on how authors, coaches, consultants, and entrepreneurs can build sustainable wealth, not just generate one-time income.

Together, they discuss why the way income is structured matters just as much as how much is earned, the difference between short-term revenue and long-term wealth, and the financial decisions that can impact high-earning business owners. Whether viewers are new to business or already earning six figures, this conversation will help them think differently about money, structure, stewardship, and wealth building.

In This Episode, Viewers Will Learn:

→ Why earning more is only part of the wealth-building equation
→ How to structure business income with a long-term plan
→ Why taxes should be handled proactively and legally
→ Why business and personal finances must stay separate
→ How entrepreneurs can begin planning for retirement now
→ Why authors, coaches, and consultants need a trusted financial team
→ How to think beyond short-term checks and build sustainable wealth

Key Takeaways

Your income needs a structure, not just momentum. Without a plan, business owners can stay in constant hustle mode.

Taxes are part of doing business. Learning how to minimize liability legally and prepare properly can protect the business long term.

Business and personal finances should remain separate. This creates cleaner records, stronger decision-making, and better financial clarity.

Retirement planning matters now. Building a business should also include building systems that support rest, legacy, and future stability.

A strong financial team matters. Entrepreneurs do not need to know everything, but they do need access to trusted professionals who can guide them.

Memorable Quotes:

“Making money is great. Keeping it is better.”
Eric McGlothin

“You cannot retire from what you didn’t plan.”
Harvey Maclin

“Your business income should be funding your wealth, not just your lifestyle.”

“Too many entrepreneurs are building big brands without sustainable business models.”
Jasmine Womack

• Join - A 5-Day Live (Virtual) Training to Help Experts Turn Their Book Into Coaching, Speaking, Consulting, and Event Profits: → https://www.jasminewomack.com/monetize 
• Interested in working with us? Apply now - https://www.jasminewomack.com/apply

• Subscribe - Jasmine Womack | Book Coach & Business Strategist  → https://www.youtube.com/@TheJasmineWomack            
• Instagram - https://www.instagram.com/thejasminewomack
• TikTok - https://www.tiktok.com/@thejasminewomack 
• LinkedIn - https://www.linkedin.com/in/thejasminewomack/ 
•  Facebook - https://www.facebook.com/theejasminewomack

Connect with Harvey Maclin
- linkedIn: https://www.linkedin.com/in/harveymaclin/

Connect with Eric McGlothin
- LinkedIn: https://www.linkedin.com/in/eric-mcglothen-cpa-516a305
- X: https://x.com/emaccpa
- Facebook: https://www.facebook.com/people/Eric-McGlothen-LLC-CPA/100063691114849/

#thoughtleadership  #wealthbuilding  #coachingbusiness  #consultingbusiness

Close

50% Complete

Trying to figure out how to write your book and actually publish it?

This free and detailed video training will give you 9 steps to write and publish your book in 90 days with success!