Why Hiring an Accountant Is Your Biggest Financial Mistake!

No Bollocks with Matt Haycox

In this episode of No Bollocks with Matt Haycox, I sit down with finance coach and entrepreneur, Carol Glynn, to uncover the biggest myths surrounding personal and business finances. Carol shares her journey from corporate finance to empowering individuals and entrepreneurs to take control of their money. Whether you’re a successful entrepreneur or just getting started, you’ll learn how to gain financial clarity, make smarter investment decisions, and break through mental blocks around money.

Tune in to discover:

• Why outsourcing your finances to an accountant might be one of the biggest mistakes you're making.
• How to take ownership of your finances, and why it’s the key to running a successful business.
• The common misconceptions people have about money and how to avoid them.
• How to get started with investing, even if you're completely new to it.
• Why financial freedom is more exciting than retirement, and how you can start working towards it today.

As Carol says: "Money brings joy when you’re confident in your decisions and aligned with your values." Don’t miss out on this eye-opening discussion about taking control of your money and making it work for you.
Timestamps
0:00 - Intro
0:55 - Who is Carol Glynn?
4:36 - Working with One of the Big Four versus not
9:22 - Working in Practice to Working in Industry - any big differences?
11:33 - Working in Industry with the CEO - do they know what’s going on in the Accounting Departments?
18:15 - Why Entrepreneurs Fear Accounts
22:09 - Cultural Differences with Talking About Money Being Taboo
25:18 - Finding and Educating your Customer Base
27:07 - Common Misconceptions about Money
29:13 - Advising a Business Owner to Employ In-house Accountant(s) When They Lack Knowledge
36:40 - Business Finance to Personal Finance: Common Problems with Personal Finance Management
39:26 - Bad Spending Habits: People’s Disbelief in their Own Numbers - “that can’t be right!”
48:23 - Financial Advice for Better Spending and Investing Choices in the Future
54:20 - Where you can find Carol

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1. Intro (00:00:00)

2. Who is Carol Glynn? (00:01:40)

3. Working with One of the Big Four versus not (00:05:21)

4. Working in Practice to Working in Industry - any big differences? (00:10:07)

5. Working in Industry with the CEO - do they know what’s going on in the Accounting Departments? (00:12:18)

6. Why Entrepreneurs Fear Accounts (00:19:00)

7. Cultural Differences with Talking About Money Being Taboo (00:22:09)

8. Finding and Educating your Customer Base (00:25:18)

9. Common Misconceptions about Money (00:27:07)

10. Advising a Business Owner to Employ In-house Accountant(s) When They Lack Knowledge (00:29:13)

11. Business Finance to Personal Finance: Common Problems with Personal Finance Management (00:36:40)

12. Bad Spending Habits: People’s Disbelief in their Own Numbers - “that can’t be right!” (00:39:26)

13. Financial Advice for Better Spending and Investing Choices in the Future (00:48:23)

14. Where you can find Carol (00:54:20)