The Weekly Wealth Podcast David Chudyk

Strongly Held Opinion #1: You Must Decide
Duration: 00:00:22 - 00:02:52David Chudyk emphasizes the importance of making the choice to be financially successful.Key point: "Income minus expenses must be greater than zero."He stresses the necessity of consistently spending less than what is earned.Examples are given to illustrate how increased income and reduced expenses contribute to financial success.
Opinion # 2: You Must Know
David Chudyk discusses the significance of being aware of one's financial situation.Questions are posed to prompt reflection on financial knowledge and preparedness.Topics include tracking expenses, understanding interest rates, and planning for major life events.
Opinion # 3: If you can't afford the loss, you might want to insure the risk.
Duration: 00:04:38 - 00:05:48David Chudyk advocates for insurance as a means to mitigate financial risks.Various scenarios, such as loss of income or property damage, are highlighted.Recommendations are made regarding life insurance, home insurance, disability insurance, and liability coverage.
Opinion # 4: Needs vs. Wants
Duration: 00:06:38 - 00:07:52David Chudyk discusses the importance of distinguishing between needs and wants based on individual financial realities.Essential needs like housing and education are contrasted with discretionary wants.The audience is encouraged to align spending decisions with their current financial situations.
Opinion # 5: Small mistakes/decisions compound over time
Duration: 00:08:23 - 00:09:39David Chudyk emphasizes how small, repetitive financial mistakes can accumulate over time.The concept of opportunity cost is introduced to illustrate the potential long-term effects of spending habits.Examples are provided to demonstrate the value of prudent financial decisions and investments.
Opinion # 6: We all need accountability
Duration: 00:10:04 - 00:11:42David Chudyk highlights the importance of accountability in achieving financial goals.He encourages listeners to seek support from friends, family, or professionals to stay on track.The role of accountability in personal development and financial success is emphasized.
Opinion # 7: Money as a Tool for Positive Impact
Duration: 00:12:03 - 00:13:39Chudyk discusses the neutral nature of money and the importance of responsible money management.He encourages listeners to use their financial resources in ways that align with their values and contribute to personal fulfillment.Examples of positive financial decisions are provided, emphasizing the potential for beneficial outcomes beyond individual wealth accumulation.
Opinion # 8: Don't do what poor people do.
Duration: 00:13:58 - 00:15:14Chudyk advises against emulating the financial habits of those facing financial struggles.Key traits of financially successful individuals are highlighted, including living within means, continuous self-improvement, and responsible debt management.Listeners are encouraged to assess their own financial behaviors and consider steps towards greater financial stability.
Don't forget to email David@parallelfinancial.com with any questions
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Amber Reynolds of Five Pineapples Consulting (www.fivepineapplesconsulting.com) discusses how business owners can increase their wealth by:
Providing a world class customer service experience and discussed the difference between customer service and customer experience.Scaling their businesses.Identifying their super powers.
Reach out to Amber at Facebook or on instagram @amberreynolds.me
Email David Chudyk at david@parallelfinancial.com
Download the book ENDGAME by visiting www.weeklywealthpodcast.com/endgame

Can money buy happiness?
Can you name a problem, where money doesn't make the problem a bit smaller or less severe?
In this episode, we discuss some areas where money can make a problem... a bit less of a problem.
What do you think? Are these accurate? email david@parallelfinancial.com with your thoughts.
Schedule your call with David Chudyk by clicking www.calendly.com/davidpf

Most people think that financial advisors simply help their clients to invest money. While that is a big part of the financial planning process, good financial advisors do much more.
Some of the secret roles of your financial advisors are:
Asking the right questions.Helping YOU to achieve your goals.Nudging your behaviors, if they are not aligning with your goals.
Don't forget to email DAVID@PARALLELFINANCIAL.COM with any questions.

In this episode, financial advisors, David Chudyk and Peyton Hoppes talk about financial planning issues and considerations that are important to:
W2 (employee) medical professionals. These include any medical professionals that are employed by an organization and do not have ownership in the entity.Medical professionals who have full or partial ownership in a practice. This includes physicians, chiropractors, physical therapists, etc.
Please visit www.promedwealth.com and CLICK HERE to subscribe to the PRO MED WEALTH youtube channel. Peyton Hoppes can also be reached via email peyton@parallelfinancial.com
If you have ever thought about selling your business and want to begin the planning process, visit www.weeklywealthpodcast.com/endgame
Make sure to set your time to speak with David Chudyk by visiting www.calendly.com/davidpf

Insurance is not the sexiest area but it is one of the most overlooked and important areas.
In this episode we discuss:
Life insurance mistakes that are VERY PREVENTABLE but can have a high cost.Car insurance mistakes to avoid.Some common errors that business owners make with their risk management.
You can reach David Chudyk via email david@parallelfinancial.com
To book a time to speak with David, visit www.weeklywealthpodcast.com/schedule-a-chat
As a business owner, you're familiar with the challenges and complexities that come with steering your company day-to-day. But have you considered the transformative power of picturing your endgame?  Download the book, ENDGAME by clicking on www.weeklywealthpodcast.com/endgame