Wealth-Building Made Simple

Phillip Washington Jr.
  • 4.9 (28)
  • INVESTING
  • UPDATED WEEKLY

Money can be stressful, but it doesn’t have to be! This podcast is about helping people understand their finances and make smart choices for their future.

  1. 8H AGO

    Calm Is a Financial Strategy

    Key Takeaways: Stay Consistent With Bookkeeping: Updating and checking your books regularly reduces stress at tax time and lowers the chance of mistakes that can lead to audits. Know What Raises Red Flags: Understanding common audit triggers helps you avoid risky patterns and stay compliant with tax rules. Work With a Trusted Expert: A reliable bookkeeper or accountant who knows your business can give more personalized advice and help you make better financial decisions. Use Your Effective Tax Rate: Knowing your true tax rate makes it easier to estimate what you’ll owe and plan ahead throughout the year. Save for Taxes on Purpose: Keeping a separate account just for taxes helps ensure the money is there when payments are due.   Chapters: Timestamp Summary   0:00 Preparing for IRS Audits and Minimizing Future Stress 2:11 The Importance of Human Interaction in Business Accounting 3:16 Effortless Tax Seasons Through Regular Bookkeeping and Record-Keeping 6:20 Effective Tax Planning for Business Owners 9:13 Discussing Tax Time   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/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   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.

    11 min

  2. 2D AGO

    The Foundation - How Wealthy Communities Are Built

    Key Takeaways:   Wealth Is More Than Money: True wealth isn’t just about income or status. It includes building a stable, creative community where people support each other and value well-being over constant competition. Strong Financial Foundations Matter: Communities grow best when their money systems are stable and reliable. In a world of changing currencies, having a solid financial base creates security and confidence. Human Skills Still Matter: As AI handles more repetitive tasks, human value will center on judgment, emotional intelligence, creativity, and leadership. Community Starts With Individuals: Strong communities begin with individuals who are stable and responsible. Real wealth grows through trust, cooperation, and meaningful relationships—not just new rules or policies. Adopt an Abundance Mindset: Focusing on what you already have, instead of what you lack, builds gratitude and confidence. This mindset supports smarter financial choices and stronger communities. Chapters: Timestamp Summary 0:00 Rethinking Wealth Building in the Age of AI 3:47 Rethinking Wealth: Community, Technology, and Individual Freedom 6:51 Embracing Abundance and Reframing Scarcity Mindset for Wealth 12:49 Stability Versus Status: The True Foundation of Wealth 17:59 The Need for Stable and Transparent Monetary Systems 21:04 Building Stable Communities Through Internal Regulation and Authenticity 28:13 Financial Advice and Investment Risks Explained   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/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   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.

    28 min

  3. FEB 27

    The Right Structure Changes Everything

    Key Takeaways: Choose the Right Business Structure: Switching from a sole proprietorship to an S Corp should be a thoughtful decision. It should be based on your income level and readiness to handle extra paperwork, not pressure from social media. Understand How You Pay Yourself: Owner draws and salaries are taxed differently. Knowing the difference helps you plan better and avoid surprises at tax time. Use Retirement Plans Strategically: Options like SEP IRAs and Solo 401(k)s help you save for the future while also lowering your current tax bill. Balance Sheets Matter: Your balance sheet is just as important as your income statement. It shows the true health of your business and plays a big role in taxes and long-term stability. Think Like a Future Buyer: A clean, well-prepared balance sheet makes your business more valuable to potential buyers and encourages smarter long-term decisions. Chapters: Timestamp Summary 0:00 Introduction and Business Structure 0:39 Big Boy or Girl Business Decisions 1:22 Switching to an S Corp 3:39 Owner Draws vs. Salary 8:13 Retirement Planning and Tax Savings 10:03 Importance of the Balance Sheet   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/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   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.

    15 min

  4. FEB 25

    Principles Over Narratives.

    Key Takeaways: Managing Emotions Matters: Successful investing starts with emotional control. When you calm nervous energy, you can think more clearly and make better decisions. Know the Difference Between Fear and Intuition: Fear and anxiety create urgency and confusion. Intuition feels calm and steady, and it helps guide thoughtful, informed actions. Emotional Stability Starts at Home: Spending quality time and being present with family helps regulate emotions. This stability carries over into better, more mature financial choices. Volatility Can Be an Advantage: Market ups and downs don’t have to be scary. When understood and respected, volatility can open the door to long-term wealth. Use Both Logic and Emotional Intelligence: Smart investing combines numbers and analysis with self-awareness and intuition. Both are important for making sound decisions over time.   Chapters: Timestamp Summary 0:00 Rebuilding Market Understanding Through Timeless Anchors 3:42 Principles, Emotions, and the True Nature of Money 8:49 Imagination, Physics, and the Transformation of Energy into Reality 12:24 Understanding Credit as Future Energy and Trust in Economics 15:42 Bitcoin as a Benchmark for Energy Flow in Financial Systems 22:28 Bitcoin’s Role in Future Investment and Capital Allocation 24:51 Understanding Money Systems: Nature-Based Versus Temporary Fiat 27:10 Principles Over Narratives in Financial Decision Making   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/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   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.

    29 min

  5. FEB 20

    Finding the Money You Already Earned

    Key Takeaways: Don’t Miss Common Deductions: Many business owners overlook deductions like mileage and home office expenses. Tracking these can lead to meaningful tax savings. Intent Matters for Expenses: For things like meals, travel, and entertainment, the reason behind the expense is important. Understanding intent helps ensure expenses are reported correctly. Bonus Depreciation Is Back: Recent tax changes allow businesses to fully write off certain purchases right away. This can be a big advantage when buying qualifying equipment or assets. Review Transactions Regularly: Looking through bank statements and transactions can reveal forgotten subscriptions or miscategorized expenses, which improves accuracy and savings. Get Expert Tax Help: Tax rules are complicated and always changing. A knowledgeable CPA can help businesses take full advantage of deductions and credits while staying compliant.    Chapters: Timestamp Summary   1:56 Commonly Overlooked Business Deductions for Entrepreneurs 4:10 Understanding Tax Deductions for Meals, Travel, and Entertainment 7:07 Documenting Business Expenses and Intent for Tax Deductions 8:42 Gift Cards as Taxable Income for Employees 9:22 Tax Strategies and Tips for Small Business Owners 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/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   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.

    14 min

  6. FEB 18

    Built to Hold Pressure

    Key Takeaways: Volatility Builds Strength: Ups and downs are part of life and markets. Learning to handle tension and uncertainty helps build financial strength and long-term wealth. Upgrade Your Inner Skills: As the world changes faster, people need to update how they think, respond, and manage stress—just like updating software. A Calm Nervous System Matters: Practices like meditation, yoga, and mindful movement help strengthen the nervous system, leading to clearer thinking and better financial decisions. Think in Systems, Not Shortcuts: Using basic ideas from physics and systems thinking helps identify which financial strategies are stable and which are likely to break. Use Rhythm to Stay Grounded: Regular movement, breathing, and daily rhythms help manage stress and stay steady during both market swings and life challenges.   Chapters: Timestamp Summary 0:00 Building Resilience in a Rapidly Changing World 4:45 The Global Wealth Storage and Economic Imbalance in America 6:48 Understanding Emotions and Nervous System Regulation 13:19 Rethinking Education and Savings with Bitcoin and AI 15:40 The Importance of Physical and Mental Grounding in Stress Management 27:17 Rooting Ideas in Physics for Financial and Personal Growth   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/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   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.

    36 min

  7. FEB 13

    Clean the House Before You Build the Future

    Key Takeaways: Organize Financial Documents Digitally: Storing receipts and records in boxes or piles leads to lost information. Using digital tools keeps documents safe, organized, and easy to access when needed. Keep Essential Financial Reports: Every business should regularly track profit and loss statements, balance sheets, and bank or credit card statements. These reports support smart decisions and accurate tax filings. Bookkeeping Should Be Ongoing: Waiting until tax season creates stress and mistakes. Reviewing your numbers regularly helps your business grow and keeps surprises to a minimum. Build the Right Support Team: Hiring professional bookkeeping or accounting help allows business owners to focus on running and growing their business instead of chasing paperwork. Stay Clear and Organized: Clean, well-labeled financial records prevent confusion, reduce errors, and make tax preparation much smoother.   Chapters: Timestamp Summary 0:00 Preparing for Tax Season and Organizing Financial Data 1:30 The Perils of Shoebox Accounting and Digital Solutions 2:55 Essential Financial Documents and Bookkeeping for Business Owners 7:22 Common Mistakes in Business Financial Record Organization 9:35 Organizing Finances for Stress-Free Tax Seasons 13:23 Investment Advice and Risk Awareness in Financial Strategies   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/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   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.

    14 min

  8. FEB 11

    The Big Money Communities of the World

    Key Takeaways: Simplifying Financial Language: Complex financial terms often create confusion and fear. Breaking them down into simple, relatable ideas helps people understand money in a more natural and intuitive way. Money as Communities: Money isn’t just a machine or a system. It can be viewed as different communities or “villages,” each with its own rules, strengths, and purpose. Different Money Villages: Each form of money offers something unique. Dollars are easy to use, real estate provides stability, gold offers security, and Bitcoin represents digital independence. Connecting Nature and Finance: Financial systems work best when they follow natural patterns instead of fighting them. Aligning money with instinct and common sense creates healthier economic behavior. Volatility Is Natural: Price movement is not a flaw—it’s a feature. When understood properly, volatility becomes a useful signal rather than something to fear. Chapters: Timestamp Summary 0:00 Decolonizing Money: Balancing Mind and Body Intelligence 7:26 Exploring Global Money Villages and Their Unique Characteristics 16:59 The Intersection of Movement, Stability, and Financial Systems 21:22 Bitcoin as a Natural and Unmanipulated Monetary System 25:49 Embracing Volatility and Sovereign Residency in Financial Strategies   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/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   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.

    27 min
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4.9
out of 5
28 Ratings

About

Money can be stressful, but it doesn’t have to be! This podcast is about helping people understand their finances and make smart choices for their future.

Information

  • Creator
    Phillip Washington Jr.
  • Years Active
    2018 - 2026
  • Episodes
    250
  • Rating
    Explicit
  • Copyright
    © Copyright 2023 All rights reserved.
  • Show Website
    Wealth-Building Made Simple