The Boosting Your Financial IQ podcast deconstructs accounting and financial concepts to provide listeners with a holistic understanding of how money works and how to create more value. The host, Steve Coughran, brings his wealth of experience working as a business owner, management consultant, and CFO to share examples, stories, and analogies that deepen business acumen and build skills related to financial literacy. Boosting Your Financial IQ centers in on financial and accounting topics t ...
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Podcast Wealth IQ: Empowering University Students with Financial Mastery
WENA Wealth Education Network Association
Unlock your financial potential with Wealth IQ, our new podcast designed to guide students and faculty towards financial literacy and investor awareness.
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161: Should You Work for a Wage or Own the Business Understanding Your True Earning Potential
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16:27Send us a text Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/ Steve answers a listener's heartfelt question: should you work for a wage or build your own business? Through a raw and personal backstory from blizzards at Dairy Queen to building a multimillion-dollar comp…
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160: Strategic Finance Explained: What It Is & How to Use It for Business Growth
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14:01Send us a text Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/ Most companies get stuck in operating finance, but the real power lies in strategic finance where financial insights drive big decisions and long-term growth. In this episode, Steve breaks down the key diffe…
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159: 3 Must Have Metrics for Business Owners
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13:58Send us a text Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/ Running a business is like spinning plates—but how do you know if it's truly efficient? In this episode of Boosting Your Financial IQ, Steve reveals three key metrics every business must measure to drive gro…
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158: Cash Flow for Business Owners: How to Forecast, Manage, and Get More of It
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15:46Send us a text Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/ Where’s your cash going? Even thriving businesses can feel stuck when money flows in and out without clarity. In this episode, Steve Coughran reveals why cash flow confusion isn’t your fault — and how to fix…
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Send us a text Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/ Think you understand cash flow? Steve puts your financial knowledge to the test in this interactive trivia-style episode. From the difference between profit and cash flow to why profitable companies still go…
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156: If You’re Looking for a Job, Listen to This
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10:10Send us a text Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/ Steve has hired countless employees, and the hiring process never fails to shock him. From no-shows to unpolished resumes, he’s seen it all. In this episode, he shares the brutal truths job seekers need to h…
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155: The One Truth I'll Never Stop Sharing About Finance
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10:25Send us a text Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/ Most professionals know financial literacy is crucial, yet few follow through. In this episode, Steve Coughran uncovers why so many start strong but fail to finish—and what it takes to break the cycle. Throu…
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154: 3 Things I Learned as CFO of a Billion Dollar Company
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13:15Send us a text Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/ What does it really take to lead the financial strategy of a billion-dollar company? Steve Coughran reveals the three biggest lessons he learned as CFO—insights that every business leader needs to know. From…
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153: Don't Let Numbers Be an Excuse for Inaction
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8:30Send us a text Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/ Too many leaders hide behind financial data, delaying action until every number is perfectly in place. But in reality, execution drives results—not spreadsheets. In this episode, Steve challenges the mindset…
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152: If You Want to Be a Profitable Entrepreneur, Listen to This
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7:13Send us a text Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/ Got a brilliant business idea? Great! But can you explain your unit economics, break-even point, or burn rate? Most people can’t—and that’s why they fail. In this episode of Boosting Your Financial IQ, disco…
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151: Can You Fake It Till You Make It in Finance?
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7:57Send us a text Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/ Ever felt the panic of being promoted into a leadership role, only to realize you're expected to speak fluently in the language of numbers? You're not alone—and you don't have to wing it. In this episode of …
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Send us a text Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/ What began as a simple idea to teach financial literacy has grown beyond my wildest dreams—all thanks to you. Your support, shares, and feedback make this journey possible, and I’m truly honored to have you …
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150: The X Factor and How it Drives Higher Profits
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7:44Send us a text Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/ What if a single number could transform how you think about discounts, broken tools, or even your team’s decisions? In this episode, Steve reveals the "X Factor"—a deceptively simple formula that will make y…
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149: The 4 Levers of Profit You Must Know
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11:30Send us a text Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/ Are you leaving money on the table without even knowing it? In this episode of BYFIQ, Steve dives straight into the four levers of profitability—the critical factors that can make or break your bottom line. …
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148: If You Are 15-25 Years Old, Listen to This
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15:05Send us a text Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/ Are you ready to make decisions today that your future self will thank you for? In this episode of Boosting Your Financial IQ, Steve dives into the life-changing milestones and tough lessons learned on the j…
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147: Want to Increase Your Financial IQ? Here's Exactly How to Get Started
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22:17Send us a text Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/ In this episode of Boosting Your Financial IQ, Steve shares a game-changing opportunity to master your finances—all for free. He walks you through the first steps to improving your financial skills, no matte…
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146: I Promise This Will Change Your Financial Future
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18:12Send us a text Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/ Finance is the language of business, and becoming fluent in it can transform your life. In this episode, Steve shares a bold move: his premium financial literacy courses are now completely free. No strings a…
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145: What is Invested Capital and Why Should You Care
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13:12Send us a text Is your business truly profitable, or is it running on borrowed time? In this episode of Boosting Your Financial IQ, Steve dives into the game-changing concept of invested capital—what it is, why it matters, and how it can transform your decision-making and growth strategy. Learn how to measure efficiency, allocate resources wisely, …
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144: Profit Explained. The Difference Between Gross, Operating, and Net
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12:16Send us a text In this episode of Boosting Your Financial IQ, Steve dives deep into the three critical types of profit every business leader must understand. Gross profit, operating profit, and net profit each hold the key to uncovering your business's financial health—and mastering them can set you apart in the boardroom and beyond. Discover how t…
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143: Neglecting This Aspect of Revenue Recognition Can Harm Your Business
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8:07Send us a text Is your profit really profit—or just an illusion? In this episode, Steve pulls back the curtain on the hidden traps of cash-basis accounting, exposing how tools like QuickBooks can trick business owners into celebrating wins that don’t exist. With a jaw-dropping example from the construction world, he reveals how premature revenue re…
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142: Want to Learn Finance? Here's How to Get Started
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15:37Send us a text Discover how Steve turned early struggles into a roadmap for financial mastery. From building multimillion-dollar businesses to creating over $1 billion in value, Steve shares the seven steps that transformed his financial IQ. Packed with personal stories, surprising lessons (including a hilarious twist involving a Spanish class), an…
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141: Lessons from Three Decades of Financial Expertise
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9:25Send us a text Ever wondered what separates successful business leaders from the rest? In this episode, Steve shares his journey from a broke 16-year-old hustling at Dairy Queen to creating over a billion dollars in value for companies. Packed with real-life lessons, hard-earned insights, and straightforward advice, this episode explores why master…
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Step 2: Navigating Your Financial Future: Setting Goals & Timelines for Students
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8:07This podcast episode discusses the importance of setting financial goals and timelines for students. It uses the analogy of a road trip to illustrate how financial goals provide direction and purpose for financial planning. The episode outlines different types of financial goals, from short-term to long-term, and provides practical advice on defini…
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140: Finance, Business, and Life: Q&A with Steve
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32:22Send us a text In this episode of Boosting Your Financial IQ, Steve dives into an engaging Q&A session fueled by real questions from listeners who took the Financial IQ Assessment at BYFIQ.com. From bootstrapping your business and mastering financial strategies to overcoming setbacks and seizing opportunities, Steve shares his personal journey, pra…
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139: Is Your Company Really Making Money?
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14:50Send us a text Is your business truly profitable, or just looking good on paper? In this episode of Boosting Your Financial IQ, Steve Coughran dives deep into the often-misunderstood world of profitability. Drawing insights from his book Outsizing and research on 300+ companies, he explains why accounting profit doesn’t always reflect a company’s r…
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The Episode outlines the importance of understanding your net worth as a crucial first step in your personal finance journey. It highlights how calculating net worth provides clarity on your financial health by comparing assets and liabilities. By knowing your net worth, you can set realistic financial goals, track progress towards them, and make i…
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138: Why You Should Pay Yourself First
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11:50Send us a text In this episode of Boosting Your Financial IQ, Steve Coughran emphasizes the importance of proactively managing finances in both business and personal life by following a simple yet powerful principle: pay yourself first. He guides listeners on how to set aside profit consistently by calculating a desired profit percentage, establish…
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137: I Spent 8 Years Studying Finance In School. Here's What I Learned
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13:16Send us a text Not understanding cash flow can put your business at serious risk. In this episode of Boosting Your Financial IQ, Steve Coughran emphasizes the critical importance of mastering free cash flow for business success. Drawing from his own experiences and real-world examples, Steve highlights how businesses often focus too much on profit …
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136: How to Start Learning Finance to Avoid Costly Mistakes
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11:12Send us a text Not understanding financial statements can cost your business big time. In this episode of Boosting Your Financial IQ, Steve Coughran shares his personal experience of guessing his way through business finances early on and the costly mistakes he made. Steve discusses why mastering financial literacy is critical for making smarter de…
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135: You Have Profits, But No Cash. Here's Why
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11:05Send us a text Learn why having profits doesn't always mean having cash and how it could be holding your business back. Steve breaks down common cash flow issues and explains how your inventory and accounts receivable might be tying up cash. In this episode, you'll discover strategies to free up working capital, improve cash flow, and avoid the pit…
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134: Here's a Pivot You'll Want to Hear About
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10:52Send us a text In this episode of Boosting Your Financial IQ, Steve takes you behind the scenes and shares a personal story about how the podcast started and how it evolved over time. He also reveals a shift in focus towards his other podcast, Business Strategy and Finance, which combines strategy and finance for entrepreneurs and business owners. …
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133: Listen to This to Avoid Growing Yourself Out of Business
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15:13Send us a text In this episode of Boosting Your Financial IQ, Steve Coughran discusses a critical yet often overlooked issue for fast-growing businesses—managing capital intensity. He explains how, even with profitability, a business can face bankruptcy if working capital and capital expenditures are mismanaged. Steve shares insights and practical …
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132: The #1 Skill You Should Master From Billionaire Tilman Fertitta
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15:23Send us a text In this episode of Boosting Your Financial IQ, Steve emphasizes the critical importance of knowing your numbers to achieve success in business. Drawing insights from billionaire Tilman Fertitta’s book Shut Up and Listen, he shares how understanding key financial metrics like customer acquisition costs, lifetime value, and working cap…
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131: The 6 Drivers of Financial Fitness
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18:40Send us a text In this episode, Steve discusses the key strategies for boosting financial success, including innovative investment ideas, smart savings tips, and effective debt management techniques. Tune in to learn practical advice for improving your financial health and achieving long-term wealth. Here's how to get started with Boosting Your Fin…
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130: What Surprised Me About Your Financial IQ Assessments
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14:33Send us a text Uncover surprising insights from over 1,000 Financial IQ assessments and learn why many struggle with financial decision-making. Explore how enhancing your financial literacy can drive business success and personal growth. Discover key strategies for creating value, boosting financial skills, and achieving financial freedom. Tune in …
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129: 5 Financial Skills I Wish I Had When Starting in Business
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10:11Send us a text In this episode of Boosting Your Financial IQ, Steve reveals the top five financial skills he wishes he had when starting his business. From mastering financial statements to advanced forecasting and valuation techniques, Steve shares practical insights that can transform your business acumen. Whether you’re a business leader, owner,…
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128: Financial Skills to Pay the Bills
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12:05Send us a text In this episode of Boosting Your Financial IQ, Steve delves into the importance of financial skills and how mastering them can drive business success. Drawing from his experience as a CFO and his work with multi-million and billion-dollar companies, Steve highlights key concepts like building accurate forecasts, understanding LTV to …
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127: How to Read These 3 Essential Financial Statements
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17:48Send us a text Are you making the same costly mistakes in your business without even knowing it? In this episode of "Boosting Your Financial IQ," we dive deep into the three essential financial statements every business owner must know: the income statement, balance sheet, and statement of cash flows. Learn how to leverage these tools to drive prof…
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126: Do You Know Your Financial IQ Score?
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8:21Send us a text In this episode of BYFIQ, I dive into a fascinating analogy between overconfidence in the kitchen and financial literacy in business. It all started while watching an episode of MasterChef, one of my favorite shows. I was struck by the overconfidence of a contestant named Mark, who presented a lackluster breakfast to the judges, thin…
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Send us a text If you are looking for a greater return on investment, today I am detailing what business owners and entrepreneurs need to know about how to calculate their ROI and monitor the financial health of a business for an accurate accounting of where your business stands financially. Furthermore, we will dive into assessing and calculate sp…
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124: The 5 Most Important Finance Skills You Double Down On
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11:56Send us a text In this episode of Boosting Your Financial IQ, I delve into the five essential finance skills you need to become a value creator in any business. Drawing from my extensive career as a CEO, CFO, and investor, I share practical insights into understanding the fundamentals of finance, analyzing financial statements, forecasting, valuing…
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123: 6 Key Financial Concepts You Should Master
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12:13Send us a text In this week’s episode of "Boosting Your Financial IQ," I explore critical financial concepts you need to know and understand. While there are countless financial metrics and theories, today, I’m cutting through the noise to focus on the six key concepts essential for maximizing free cash flow and, consequently, company value. Join m…
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122: Don't Make This Mistake with Your Financial Literacy
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8:40Send us a text Are you entrusting your financial future to someone else without understanding the basics? Learn why this approach can be a critical error and how you can avoid it. In this episode of "Boosting Your Financial IQ," I explore the necessity of financial literacy in business and personal finance. Reflecting on past financial disasters li…
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121: How to Read a Statement of Cash Flows Like a CFO
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19:16Send us a text Unlock the secrets to mastering cash flow analysis and elevate your financial savvy to the level of a CFO. In this enlightening episode of Boosting Your Financial IQ, I dive deep into the critical importance of cash flow for any business, revealing why even profitable companies can face bankruptcy without proper cash management. I'll…
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120: How to Read a Balance Sheet Like A CFO
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19:27Send us a text Join me on this enlightening episode, where I dive into the cornerstone of financial analysis: the balance sheet. As a CFO with years of experience navigating financial landscapes, I am taking you on a guided tour through the intricate world of financial statements. In this episode, I strip away the complexity surrounding balance she…
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119: How to Read An Income Statement Like a CFO
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23:36Send us a text Ever wished you could interpret your company's income statement like a seasoned CFO? Unlock the secrets of financial literacy in my latest episode, where I break down the income statement into its core elements—revenue, expenses, and profits. Just as fluency in a new language opens doors to a new culture, mastering financial statemen…
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Send us a text In today’s fast-paced world, it's easy to lose sight of our true aspirations amidst daily demands. Consider this episode your weekly dose of inspiration and practical advice, helping you to pause, reflect, and realign with your life's purpose. By spending time intentionally plotting your goals, you’ll cultivate a clearer vision of yo…
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117: Top Career Paths and Opportunities for Finance Majors
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42:33Send us a text From running a landscape company as a teenager to founding a consulting firm, my journey has been anything but ordinary. Join me as I share how dropping out of college and facing numerous setbacks led me to a deeper understanding of financial statements and the value of paying for my own education. Discover how choosing the harder pa…
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116: The 3 Things CEOs Should Know About Finance
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15:10Send us a text Join host Steve Coughran in this enlightening episode of the Boosting Your Financial IQ podcast as he unveils the three essential financial insights every CEO should master. Without revealing the specifics, Steve teases listeners with the promise of valuable knowledge that can transform your business approach. Discover how understand…
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115: Throughput--One of the Most Important Metrics in Business
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19:19Send us a text Welcome to Boosting Your Financial IQ, I'm Steve Coughran, your host. Today, we're exploring one of the most crucial yet often overlooked metrics in business: throughput. Throughput measures the rate at which a system can produce results, whether it's revenue per hour, gross margin per hour, or any other financial metric as a functio…
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