In this episode of The Business Gay Podcast, host Calan Breckon speaks with Managing Director & Wealth Management Advisor with Warrioress Wealth, Sarah Tinkler.

Sarah is the first financial planning business within Northwestern Mutual history to be NGLCC LGBTBE certified, & she & her fiancée Renata are the only 2 openly LGBTQ+ directors within Northwestern Mutual. With almost 18 years of experience within the industry, Sarah is passionate about helping change what wealth looks like. Her motto is “Good things happen when queer folks have more money!”

Watch on YouTube

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Links mentioned in this episode:

• warrioresswealth.com





• Sarah on LinkedIn





• Warrioress Wealth on Instagram

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Key Takeaways for quick navigation:

• [00:02 ] Queer individuals may approach financial planning with caution and awareness due to past heteronormative experiences.





• [03:00 ] LGBTQ+ individuals often start planning and saving for the future later in life.





• [08:32 ] Financial planning for polyamorous relationships requires unique principles and agreements.





• [14:35 ] Start financial planning early when setting up a business to avoid future pitfalls.





• [19:14 ] Not setting up a retirement plan early in entrepreneurship can lead to long-term financial struggles.





• [23:10 ] Planning for business succession is crucial for passing on or inheriting a business.





• [23:39 ] Different business exit strategies like negotiation, equity grants, and equity sale are options for business owners and buyers.





• [24:48 ] Building a solid balance sheet with assets beyond cash savings is key for financing opportunities.





• [25:16 ] Options like SBA grants, business loans, instalment plans, and internal business transfer exist for buying businesses.





• [28:02 ] Acquiring an existing business through owner financing is a viable entrepreneurship option.





• [29:39 ] Approaching business owners about their exit strategy can open doors for future business opportunities.





• [32:48 ] Precise financial and estate planning is essential for for LGBTQ+ folks for protection of their wishes.