Whether you are an employer or an employee transitioning to a hybrid or changed workforce, it is crucial to have sound financial planning for your business and your personal life. What does a hybrid workforce mean for your budget and spending? How has the pandemic changed your need for emergency funds to be saved? What about are the implications of “the new normal” for those with special needs, or special needs family members?
Join me on Tuesday, June 1st, when my guest, Financial Planner, Matthew Ricks, CEO / President of Haystack Financial Planning, discusses strategies and plans for financial stability and abundance. A crucial show for anyone during these changing times.
About Matthew Ricks:
Haystack Financial Planning
0:39 – 14:23 – Eric welcomes his guest, Matthew Ricks, CEO and President of Haystak Financial Planning. He has a focus on special needs and disabled financial planning. Matthew started his business during the pandemic, prior he worked in institutional asset management. Matthew talks about a problem that he noticed even prior to the pandemic and that is a lack of emergency funding. Many did not have funds saved and extended themselves via debt or didn’t pay outstanding debts at all. This happened to a lot of people who did not think this was possible and did not see how necessary saving was until it was too late. Eric and Matthew talk about the importance of being proactive.
16:52 – 29:46 -Eric asks about the changing work models and how that will impact budgeting. Employees are saving money by not commuting, not eating out, or buying coffee. In addition some employers have offered to defer some of their costs. Once people begin to return to the office they will once again have to adjust after being set in their financial ways. For employers, expenses like the cost of space and cleaning supplies will change depending on the amount of on site employees and their demands. Ultimately keeping employees satisfied and productive is good for your bottom line.
32:33 – 47:14 – Matthew talks about the methods he used to help clients map out a budget and spending plan. Next they talk about his involvement with the special needs community. This began with his pro bono work. He came across many individuals who were confused while trying to navigate the numerous programs. Often they were parents attempting to assist their children. He has helped many families put together special needs trusts so that their children will have security. Eric notes that in the past many companies claimed that they were unable to allow disabled employees to operate from home.
49:25 – 56:52 – Your financial situation is unique, don’t bother keeping up with the Joneses. If you would like to learn more about Matthew Ricks’ financial planning services, visit www.haystackfp.com.
About Employment Law Today
Helping Business With Employment Law Issues.
For many business owners, it can be overwhelming to keep up and comply with the federal and state labor and employment laws that govern how they run their business. With the COVID-19 pandemic, there are new laws and regulations regarding hiring, firing, and workplace practices and protocols — all of which can increase business owners’ anxieties about regaining traction or thriving again. On my weekly show, we will be discussing the most common employment law related questions and challenges that business owners have been facing in these uncertain times.
The show will have three main goals: (1) to inform businesses about employment law updates, (2) to inspire businesses by giving them the tools to move forward, and (3) to demonstrate how some business owners have overcome their employment law problems, walked through the challenges imposed by this pandemic, and have taken steps to regain traction during the reopening phases of this pandemic.
Our guests will include professionals who advise businesses from an H.R., legal, and financial perspective, along with thriving business owners who will share their experiences and insights into running a successful company while complying with labor and employment law mandates during COVID-19.