499 episodes

Your one stop source for wealth-building education.

Wealth-Building Made Simple Phillip Washington Jr.

    • Business
    • 5.0 • 1 Rating

Your one stop source for wealth-building education.

    Reprogramming Your Financial Algorithm

    Reprogramming Your Financial Algorithm

    Key Takeaways:
    Mental algorithms dictate our automatic responses to financial situations, often rooted in emotions from past experiences.
    Manifestations of scarcity mindset include short-term financial thinking, overconsumption, and an inability to embrace financial volatility.
    Cultivating a wealth mindset involves daily practice of aligning thoughts with emotions, envisioning financial success, and embracing feelings of abundance.
    Creative visualization plays a key role – by mentally enjoying wealth and abundance, one can reshape their emotional reactions to financial matters.
    The outcome of reprogramming is a mindset that is prepared to perceive and understand financial opportunities in a new light.
     
    Chapters:
    Timestamp Summary
    0:05 Investment Strategies and Wealth Building Insights
    2:40 Cultivating a Wealth Mindset Through Patience and Care
    4:54 Automation and Mindsets: Enhancing Human Creativity and Efficiency
    7:21 Overcoming Inherited Irrational Fears Through Meditation
    8:18 Financial Mindsets Shaped by Early Experiences of Lack
    12:53 Phasing Through Mental Barriers With Confidence
    15:11 Reprogramming Your Mind and Social Media Algorithms
    16:42 Harnessing Imagination to Influence Financial Emotions
    19:04 Cultivating Feelings of Financial Abundance
    20:33 Cultivating a Wealth Mindset Through Emotional Alignment and Practice
    Powered by Stone Hill Wealth Management
     
    Social Media Handles 
     
    Follow Phillip Washington, Jr. on Instagram (@askphillip)
     
    Subscribe to Wealth Building Made Simple newsletter
    https://www.wealthbuildingmadesimple.us/
     
    Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!
     
    WBMS Premium Subscription
     
    Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

    • 23 min
    Importance of Regularly Reviewing Business Goals

    Importance of Regularly Reviewing Business Goals

    Key Takeaways:
    Conducting a thorough mid-year fiscal review can highlight whether a business is on track with budget goals.
    Fear of numbers often hinders business owners from facing their financial reality, which can impede growth.
    Financial statements shouldn't just be for tax purposes; they are crucial for informing decisions and strategies aimed at business expansion.
    Effective financial planning involves the entire team, indicating that success is not a solo endeavor.
    Regular financial check-ins can direct business owners toward aligned action rather than unproductive busywork.
    Chapters:
    Timestamp Summary
    0:05 Investment Strategies and Mid-May Musings with Experts
    1:27 Strategies for Business Owners to Meet Financial Goals
    3:59 Maximizing Earnings Through Aligned Action and Teamwork
    5:00 Growing Your Business by Regular Financial Check-Ins
    6:21 Investment Strategies and the Risk of Future Performance
     
    Powered by ReiffMartin CPA and Stone Hill Wealth Management
     
    Social Media Handles 
     
    Follow Phillip Washington, Jr. on Instagram (@askphillip)
     
    Subscribe to Wealth Building Made Simple newsletter
    https://www.wealthbuildingmadesimple.us/
     
    Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!
     
    WBMS Premium Subscription
     
    Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

    • 6 min
    Analytical Ability Does Not Equal Intelligence

    Analytical Ability Does Not Equal Intelligence

    Key Takeaways:
    Analytical ability is only one part of overall intelligence; emotional intelligence and creativity also play crucial roles.
    An individual can become trapped in cyclical patterns of behavior due to unresolved emotional responses, affecting financial and other life decisions.
    Staying open to change and not identifying oneself with past knowledge is key to adapting and succeeding in an ever-evolving world.
    Wealth and success come not from predictability but from the ability to creatively adapt and move with the times.
    The ultimate goal is to enjoy the process of wealth building, not just the outcome, by embodying the energy of what one wants to achieve.
     
    Chapters:
    Timestamp Summary
    0:05 Investment Strategies and Emotional Resilience in Volatile Markets
    1:34 Analytical Ability Versus Overall Intelligence
    2:43 Emotional Patterns and the Recurrence of Weight Loss Pills
    5:21 Interplay of Analytical and Creative Minds in Problem-Solving
    7:31 Transforming Financial Mindsets Through Emotional Awareness
    11:32 Predictability Versus Volatility in Financial Decisions
    14:17 Embracing Change and Evolving Beyond Established Knowledge
    18:32 Harnessing Patience in the Journey to Wealth
    19:54 Embracing Energy as the Source of Creation and Manifestation
    Powered by Stone Hill Wealth Management
     
    Social Media Handles 
     
    Follow Phillip Washington, Jr. on Instagram (@askphillip)
     
    Subscribe to Wealth Building Made Simple newsletter
    https://www.wealthbuildingmadesimple.us/
     
    Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!
     
    WBMS Premium Subscription
     
    Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

    • 23 min
    Check Your Paycheck: Don't Miss Out on Money You Deserve

    Check Your Paycheck: Don't Miss Out on Money You Deserve

    Key Takeaways:
    Employees should regularly review their paychecks to ensure accuracy in payment, bonus, commission, and benefits.
    Overlooking your pay statement can lead to undetected errors, resulting in financial losses or unanticipated tax outcomes.
    Ensuring correct 401(k) contributions and health insurance deductions are vital for long-term financial planning.
    Annual or frequent paycheck reviews can prevent unwanted surprises during tax season or when needing insurance coverage.
    Taking personal responsibility in financial matters can protect and enhance one's wealth-building journey.
    Chapters:
    Timestamp Summary
    0:57 Springtime Strategies for Wealth Building Simplified
    1:39 Employee Oversight of Payroll and Benefits
    4:15 Health Insurance Enrollment Oversights and Paycheck Checks
    4:37 The Importance of Regular Paycheck Reviews
    5:09 The Importance of Monitoring Paychecks and Benefits
    5:41 Ensuring Paycheck Accuracy Through Personal Responsibility
    6:38 Educational Caveats in Financial Advice and Performance
     
    Powered by ReiffMartin CPA and Stone Hill Wealth Management
     
    Social Media Handles 
     
    Follow Phillip Washington, Jr. on Instagram (@askphillip)
     
    Subscribe to Wealth Building Made Simple newsletter
    https://www.wealthbuildingmadesimple.us/
     
    Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!
     
    WBMS Premium Subscription
     
    Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

    • 7 min
    The Evolution of the Cyberspace Economy

    The Evolution of the Cyberspace Economy

    Key Takeaways:
    An economy's stability hinges on the balanced interrelation between currency, production, and distribution.
    Bitcoin is emerging as a preferred form of collateral in the cyberspace economy due to its fixed supply and resistance to manipulation.
    Technology's role in driving down the costs of production and distribution could result in a deflationary system where the value of money increases over time.
    Artisans may experience a renaissance, as handmade goods are poised to become increasingly valuable in a world dominated by mass production and automation.
    The cyberspace economy marks a pivotal shift from an inflationary to a potentially deflationary economic paradigm where technological progress enhances wealth.
     
    Chapters:
    Timestamp Summary
    0:05 Understanding the Cyberspace Economy’s Fundamentals
    2:42 Evolving Economies and the New Frontier of Cyberspace
    6:20 Cyberspace Currency and Blockchain Collateral
    11:52 Embracing Deflationary Economics Through Technology
    15:18 Human Consciousness Animating Technological Evolution
    17:01 Artisans’ Value in a Technological Society
    20:59 Investing in Technology for Future Cost of Living Reductions
     
    Powered by Stone Hill Wealth Management
     
    Social Media Handles 
     
    Follow Phillip Washington, Jr. on Instagram (@askphillip)
     
    Subscribe to Wealth Building Made Simple newsletter
    https://www.wealthbuildingmadesimple.us/
     
    Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!
     
    WBMS Premium Subscription
     
    Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

    • 21 min
    Investing Intelligence: Processing Information for Better Investment Decisions

    Investing Intelligence: Processing Information for Better Investment Decisions

    Key Takeaways:
    Investment Intuition: Recognizing the balance between quantitative and qualitative aspects of investing can lead to more informed decision-making. Intuition and feelings significantly influence the attraction to certain investments.
    The Feeling of Wealth vs. Poverty: Wealth is associated with feelings of freedom, optimism, and security, while poverty often aligns with hopelessness and impatience.
    Navigating Technology and Progress: Understanding the historical benefits of technological advancements can help one overcome fear and skepticism about future opportunities, such as artificial intelligence and bitcoin.
    Financial Education for the Next Generation: Starting financial conversations early, as exemplified by the discussion on taxes with Philip's eight-year-old son, is crucial for building financial literacy.
    The Future of Business: With economic changes affecting traditional business lending models, innovative strategies, such as leveraging technology and alternative investments, can lead to achieving wealth and maintaining freedom in business.
     
    Chapters:
    Timestamp Summary
    0:00 Investment Strategies and Wealth Building Insights
    1:23 Teaching Kids About Taxes and Managing Money
    3:32 Investing Intelligence: Riding the Curve of Awareness
    5:22 Intuition Versus Analysis in Wealth Attraction
    8:17 Contrasting Emotions of Wealth and Poverty
    11:32 Embracing AI and Bitcoin for a Prosperous Future
    17:03 Strategies for Small Business Survival in Tight Financial Times
    21:52 Embracing Progress for Personal Freedom and Understanding
     
    Powered by Stone Hill Wealth Management
     
    Social Media Handles 
     
    Follow Phillip Washington, Jr. on Instagram (@askphillip)
     
    Subscribe to Wealth Building Made Simple newsletter
    https://www.wealthbuildingmadesimple.us/
     
    Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!
     
    WBMS Premium Subscription
     
    Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

    • 23 min

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