Avoiding Common Financial Mistakes: Pro Tips from a Seasoned Planner (With Alex Hadjisophocleous from Forest Financial Planning)

Small Business | Big Insights

Alex Hadjisophocleous is a fee-only/advice-only financial planner at Forest Financial Planning Inc., helping individuals and business owners grow wealth through financial literacy. His unbiased advice is a refreshing contrast to financial advisors who charge substantial annual fees, particularly in Canada. In this episode, he shares a wealth of financial wisdom, including tips on insurance, paying installments, and how to withdraw a salary or pay yourself in a small business. He also shares his insights on the future direction of the financial planning industry.

0:00 Intro

0:55 Conversation begins

4:50 Financial advice to small business owner

12:00 Strategies to grow a business

22:35 Debt, Loans, Investing

25:00 Planning for an unpredictable future

29:15 Trajectory of financial service industry

32:30 Financial education

38:05 Alex’s course “Simplify and Grow”

41:20 Closing Advice

Alex Hadjisophocleous

· https://forestfinancialplanning.ca/

· https://www.linkedin.com/in/alex-hadjisophocleous-cfa-cfp-mba-b24aaa57/

Resource Mentioned

· https://onfe-rope.ca/our-work/ottawa-volunteers-in-education/