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Building Your Financial Dream Team: A Guide for the 1%
we explored the concept of the “1%” and the importance of having a robust financial team, based on insights from Dr. Erica Jordan Thomas, host of the Seven Figure Educator Podcast. The 1% refers to those with an annual income of $597,000 or more, according to Forbes. The blog post emphasized the need for different financial planning for the 1% and outlined seven key roles in a financial team: a bookkeeper, accountant, tax strategist, Chief Financial Officer (CFO), financial advisor, wealth manager, and personal banker. The post also provided a guide on when to bring each role onboard as your business grows. The information shared is based on Dr. Thomas’s personal experience and readers are advised to consult with a certified financial professional when making significant financial decisions. The blog post concluded by emphasizing the importance of building a solid financial team for managing personal and business finances, especially for those in the 1%.
