The Weekly Wealth Podcast

David Chudyk
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Exploring the Mindsets, Tactics, and Strategies to help you to build and maintain wealth.

  1. Ep 241: This Halloween Episode Will Scare the $^#% Out of You!

    4 NGÀY TRƯỚC

    Ep 241: This Halloween Episode Will Scare the $^#% Out of You!

    👻 Episode SummaryIn this special Halloween edition, David explores some of the scariest financial mistakes people make — from ignoring their 401(k)s to neglecting estate planning and assuming their business will fund retirement. He also shares tips to avoid these “financial frights” and offers resources to help you make smarter money decisions. 🧟‍♂️ Key TakeawaysDon’t drift with your 401(k): Review your investments regularly and get professional advice.Don’t assume one small action solves it all: Keep monitoring your finances after taking action.Plan for the inevitable: Prepare for death, disability, or incapacitation through estate planning.Business owners beware: Know what your business is actually worth and prepare before selling.Taxes are scary — but manageable: Understand your tax rate, plan before year-end, and work with professionals.Bonus tip: Don’t blow your diet this Halloween—avoid the “candy binge”! 🧰 Resources MentionedGet your Value Builder Score:👉 www.weeklywealthpodcast.com/valuebuilderscoreDownload your free Balance Sheet Template:👉 www.weeklywealthpodcast.com/balancesheetContact David Chudyk:📧 David@parallelfinancial.comParallel Financial:🌐 https://www.parallelfinancial.com 📱 Connect on Social MediaStay connected for more insights, behind-the-scenes content, and updates: Instagram: @weekly_wealth_podcastFacebook: Weekly Wealth PodcastLinkedIn: David Chudyk, CFP®YouTube: Weekly Wealth Podcast Channel 💬 Support the ShowIf you enjoyed this episode: Share it with a friend or colleagueSubscribe on your favorite podcast platformLeave a 5-star review to help others discover the show ⚠️ DisclaimerThe information shared in this podcast is for educational purposes only and should not be considered financial advice. Parallel Financial does not guarantee the accuracy or completeness of the information provided. Past performance is not indicative of future results.

    17 phút
  2. EP 239: How to Create a Referable Client Experience with Stacey Brown Randall

    24 THG 10

    EP 239: How to Create a Referable Client Experience with Stacey Brown Randall

    In this episode of The Weekly Wealth Podcast, Certified Financial Planner ™ David Chudyk sits down with referral expert and author Stacey Brown Randall to uncover the secrets behind a truly referable client experience. Stacey explains why great service isn’t enough, how to turn everyday clients into raving referral sources, and why asking for referrals can actually hurt your business. Whether you’re a financial advisor, business owner, or sales professional, this conversation will help you re-engineer your client experience so your business grows organically—without cold calls, gimmicks, or awkward scripts. 👉 Grab Stacey’s book: The Referable Client Experience ⏱️ Episode Timestamps00:00 – Intro: Why referrals are the ultimate financial planning tool 01:00 – Meet Stacey Brown Randall: Referral coach, podcaster, and author 03:00 – Podcasting longevity & creativity: How podcasts build connection and credibility 04:00 – Customer Service vs. Client Experience: Understanding the difference 06:00 – Why most people mislabel “referrals” and what to track instead 07:30 – How small businesses can outshine big companies in experience 10:00 – The 3 Stages of Client Experience: New → Active → Alumni 12:00 – The 50/50 Formula: Great work + relationship touchpoints 16:00 – Overcoming “The Quiet Voice” of buyer’s remorse 18:00 – Example: Sending a “journey card” or handwritten note that reassures new clients 21:00 – Avoiding complacency during long-term client relationships 22:00 – Cookie Box Example: A creative relationship touchpoint before annual reviews 25:00 – Why not every happy client will refer — and that’s okay 27:00 – The Science Behind Referrals: Why you should never ask for them 30:00 – Centers of Influence: How to approach COIs the right way 33:00 – How Stacey works with clients & the programs she offers 35:00 – Lifetime value of a referral & compounding business growth 36:00 – What wealth means to Stacey Brown Randall: Freedom of choice 37:00 – Final Tip: Identify your current referral sources—the “low-hanging fruit” 39:00 – Bonus Content: How listeners can apply the episode immediately 💡 Key TakeawaysClient experience = how they feel working with youGreat work alone isn’t enough; add relationship touchpointsAvoid the “ask” — referrals come from helping others, not self-promotionIdentify who’s already referring you and nurture those relationships first 📚 Resources...

    40 phút
  3. Ep 238: Turning Taxes Into Real Estate: How to Invest in Historic Properties Using Your Federal Tax Liability

    17 THG 10

    Ep 238: Turning Taxes Into Real Estate: How to Invest in Historic Properties Using Your Federal Tax Liability

    🏛️ Episode OverviewIn this episode of The Weekly Wealth Podcast, host David Chudyk, CFP®, sits down with Gordon Short of GBX Group to explore an incredible — and legal — tax strategy that allows high-income earners to use their federal tax liability to invest in historic real estate. If you’ve ever wondered whether your tax dollars could do something more — like restore America’s historic architecture and generate potential returns — this episode is for you. 🎥 Watch the full webinar (with slides and visuals): 👉 https://youtu.be/jvJedhcmAxs?si=p9Eq-Rqwe1cPjysY 💡 What You’ll LearnThe History Behind Historic Preservation Incentives:How the destruction of New York’s Penn Station inspired the 1976 creation of federal programs to preserve historic architecture.The Federal Historic Preservation Easement Program:What it is, how it works, and how it’s administered jointly by the IRS and National Park Service under Internal Revenue Code §170(h).GBX Group’s Unique Approach:How GBX identifies, acquires, and rehabilitates historic buildings using investor funds — helping to save American landmarks while offering tax-efficient opportunities.Tax Strategy Deep Dive:How investing in GBX can yield a $2.45 charitable deduction for every $1 investedWhy this strategy is typically suited for high earners in the 37% tax bracketThe 50% AGI limitation and how it impacts eligibilityReal-world examples showing federal and South Carolina tax savingsEconomic and Community Impact:See how restored buildings like the Municipal Light Plant in Columbus, OH and the YWCA in Nashville, TN have revitalized downtown areas and created jobs.Returns and Real Estate Benefits:How investors can receive both tax deductions and real-estate-based distributions, typically with a five-year hold period and targeted returns. 🧮 Real-World ExampleA taxpayer expecting to owe $100,000 in federal taxes can instead invest that amount with GBX Group. That $100,000 can generate a $245,000 charitable deductionProducing an immediate tax benefit of ~$90,650 (at the 37% bracket)Plus, potential cash distributions and long-term returns from the underlying real estate For qualifying investors in states like South Carolina, the state tax deduction adds even more value. 🏗️ Why It MattersThis episode demonstrates how strategic, congressionally sanctioned tax planning can redirect tax dollars toward socially responsible projects — all while aligning with financial goals and preserving America’s historic landmarks. 👤 About the...

    41 phút
  4. Ep 237: Ask the Professor: Legal Tax Hacks Your CPA Isn’t Talking About

    10 THG 10

    Ep 237: Ask the Professor: Legal Tax Hacks Your CPA Isn’t Talking About

    💡 Episode SummaryIn this week’s Ask the Professor edition of The Weekly Wealth Podcast, host David Chudyk, CFP®, sits down with financial educator and colleague Justin Chastain (“The Professor”) to unpack key tax planning concepts that impact retirement, Social Security, and business owners. Justin—who teaches future CFP® professionals through Dalton Education—shares his trademark mix of deep insight and humor while explaining how proactive tax strategies can create real, lasting wealth. 🧩 Topics Covered1️⃣ Social Security Taxation How benefits can be taxed at 0%, 50%, or 85%Why income thresholds haven’t changed since 1984How to plan around working income and Social Security to minimize surprise tax bills 2️⃣ Retirement Accounts & Withdrawals The difference between Traditional IRAs (tax-deferred) and Roth IRAs (tax-free growth)Understanding Required Minimum Distributions (RMDs)When Roth conversions make sense and how to manage tax brackets efficiently 3️⃣ Marginal vs. Effective Tax Rates What your next dollar really gets taxed atHow to use bracket management to stay tax-efficientReal examples showing why “being in the 32% bracket” doesn’t mean you’re paying 32% overall 4️⃣ Tax-Loss and Tax-Gain Harvesting Using market volatility to your advantageHow to offset gains and manage investment income efficientlyStrategies for gifting appreciated stock or donating directly to charities to avoid unnecessary taxes 5️⃣ Legacy & Estate Planning Why charitable giving can reduce both estate taxes and current tax burdensQualified Charitable Distributions (QCDs) explainedHow retirees can use RMDs or life insurance to leave a legacy without overpaying Uncle Sam 6️⃣ Business Owner Tax Tips Turning legitimate expenses into deductionsBuilding employee benefits and retirement plans to attract and retain top talentUsing goodwill and benefits as part of your company’s long-term value 🎧 Notable Quotes“Money is just a tool to help us live better lives—nothing more, nothing less.” — David Chudyk“Ask your financial advisor: ‘Is tax planning part of your strategy?’ If not, find one who makes it a priority.” — Justin Chastain“It’s not about buying the next hot stock—it’s about knowing where your money is taking you.” — David Chudyk🗓 Bonus SegmentDavid closes the episode by reminding listeners to...

    36 phút

  5. 3 THG 10

    Ep 236: AI and Your Business: What You Should Know

    In this week’s episode of The Weekly Wealth Podcast, David sits down with Mark Weithorn, a marketing expert turned tech entrepreneur who has spent the last 21 years running a successful web design and CRM company for realtors. From navigating industry disruptions to preparing employees for entrepreneurship to adopting AI responsibly, this conversation is full of lessons every business owner can apply. Whether you’re in real estate, tech, or any small business, the themes of resilience, reinvention, and forward-thinking strategy are universal. What You’ll Learn in This EpisodeSurviving 21 Years in Tech:How Mark adapted to industry shifts—from radio jingles and newspaper ads to building realtor websites and CRMs—and the mindset required for long-term success.Employee to Entrepreneur:Why making the leap from a steady paycheck to self-employment requires a completely different mindset and skillset—and how to prepare for the challenges ahead.AI in Business:Mark’s perspective on how AI is already shaping industries, where it may be overhyped, and how to use it as a tool to add value rather than frustrate customers.Entrepreneurial Mindsets:Why processes, systems, and delegation are non-negotiable for growth—and how to avoid being the “hub” in a hub-and-spoke business.Financial Reality of Entrepreneurship:Why that big commission check or large invoice isn’t all take-home profit, and how to avoid tax and cash flow pitfalls as a new business owner. About Our GuestMark Weithorn is the founder of DPI Showcase Websites, serving realtors across the U.S. and Canada for over two decades. His company provides websites, CRMs, and AI-powered lead generation tools designed to help real estate professionals thrive in competitive markets. 📍 Learn more: dpishowcase.com Bonus ContentAre you a business owner struggling with processes and consistency? Check out VidGuide —a powerful tool for building your library of SOPs and training materials so your team can deliver a consistent client experience. 👉 Visit weeklywealthpodcast.com/vidguide Stay Connected🌐 Website: weeklywealthpodcast.com📸 Instagram: @weeklywealthpodcast🎥 YouTube: The Weekly Wealth Podcast👍 Facebook: Weekly Wealth Podcast Community💼 LinkedIn: David Chudyk, CFP® DisclaimerThe information shared in this episode is for educational purposes only and should not be considered investment, legal, or tax advice. Always consult with your own advisors regarding your specific situation.

    30 phút
  6. Ep 235: Is Your Business Ready for Sale? Find Out Now!

    26 THG 9

    Ep 235: Is Your Business Ready for Sale? Find Out Now!

    Episode OverviewYour business is likely your biggest asset—but are you treating it like one? In this week’s episode of The Weekly Wealth Podcast, Certified Financial Planner™ David Chudyk breaks down the eight key drivers of company value that make your business more attractive, sellable, and profitable. Whether you’re years away from selling or just want to build a business that runs smoothly without you, these strategies will help you create a more valuable, marketable, and enjoyable company. You’ll also hear about two tools designed for business owners who want clarity on their next steps: The Personal Readiness to Exit Questionnaire: weeklywealthpodcast.com/precoreThe Value Builder Score: weeklywealthpodcast.com/valuebuilderscore What You’ll Learn in This Episode✅ Why your business is an asset—and how to increase its value.✅ The 8 Drivers of Company Value (financial performance, growth potential, Switzerland structure, valuation teeter-totter, recurring revenue, monopoly control, customer satisfaction, and the hub & spoke).✅ Questions every owner should ask: Would you buy your own business? Would you pay a premium or demand a discount?✅ Practical ways to reduce owner dependence so your business thrives without you.✅ How small shifts—like adding recurring revenue or improving customer experience—can transform your company’s worth. Bonus Content🎯 Business Owners: Wondering if you’re ready to exit? Take the Personal Readiness to Exit Questionnaire now at weeklywealthpodcast.com/precore. Resources & Links📊 Take your Value Builder Score: weeklywealthpodcast.com/valuebuilderscore💻 Schedule a 10-Minute Wealth Vision Call: weeklywealthpodcast.com/vision📱 Follow us on Instagram, YouTube, and Facebook (search Weekly Wealth Podcast). About Your HostI’m David Chudyk, Certified Financial Planner™ and Certified Value Builder Advisor. Through my wealth management practice and The Weekly Wealth Podcast, I help the mass affluent and business owners live better lives through smarter financial decisions. As both a financial planner and business advisor, I help owners treat their companies as the powerful wealth-building tools they truly are.

    15 phút
  7. Ep 234. Maxed Out, Cashed Out, Burned Out: The Wealth Mistakes I Keep Seeing

    19 THG 9

    Ep 234. Maxed Out, Cashed Out, Burned Out: The Wealth Mistakes I Keep Seeing

    Too many people assume maxing out a 401k is always the smartest move. But what if it isn’t? In this episode, Certified Financial Planner™ David Chudyk breaks down three common financial mistakes he sees in his wealth management practice: Over-contributing to 401(k) plans without thinking about liquidity.Misunderstanding risk — either by avoiding it completely or chasing unrealistic returns.Blurring the line between business and personal finances. You’ll walk away with a clearer understanding of how to align your money decisions with your real goals, avoid costly pitfalls, and grow wealth with confidence. Key TakeawaysWhy maxing out your 401k might backfire if you lack accessible funds for opportunities or emergencies.The hidden risk of “no risk” — inflation quietly erodes cash sitting in savings or CDs.The return trap — chasing sky-high growth can be just as harmful as being too conservative.Business owner warning: Stop treating your company like an ATM. Put yourself on a salary and plan for taxes, expenses, and growth.Accountability matters — isolation leads to poor decisions, but advisors, peers, or mentors can provide the guardrails you need. Timestamps00:00 – Welcome & announcements (YouTube, Instagram, Facebook links)03:12 – The first big mistake: over-contributing to 401ks12:10 – Liquidity, taxes, and why other buckets of money matter18:44 – Risk vs. rate of return: why both extremes can be dangerous28:55 – How risk tolerance shifts as you age37:22 – Business owners and the danger of mixing business/personal money47:10 – Free tools and resources you can use right now51:05 – Bonus thought: why financial isolation leads to bad decisions Free Tools & Resources Mentioned10-Minute Vision Call → weeklywealthpodcast.com/visionDebt Snowball Calculator → weeklywealthpodcast.com/debtBusiness Value Builder Score → weeklywealthpodcast.com/valuebuilderscorePreScore (Readiness to Exit) → weeklywealthpodcast.com/precoreFreedom Score → weeklywealthpodcast.com/freedomsCore Bonus Thought 💡From David’s Friday morning men’s Bible study: Isolation leads to bad decisions. When it comes to money, don’t go it alone. Surround yourself with wise counsel — advisors, mentors, or accountability partners — to avoid costly financial missteps. Connect With The Weekly Wealth PodcastYouTube: Weekly Wealth Podcast...

    22 phút
  8. Ep 233: Turning Bricks into Cash with Archie Johnson

    12 THG 9

    Ep 233: Turning Bricks into Cash with Archie Johnson

    Your home is often one of your largest assets—but how do you actually use that equity to improve your lifestyle, reduce financial stress, or create a safety net? In this week’s episode, host David Chudyk, CFP®, is joined by Archie Johnson of Mutual of Omaha Mortgage to explore how retirees and high earners can strategically access their home’s equity. They break down how tools like the Home Equity Conversion Mortgage (HECM) can eliminate mortgage payments, provide a line of credit, and even help buffer against market downturns. This strategy can free up cash for travel, family support, long-term care needs, or simply enjoying retirement without financial worry. What You’ll Learn in This Episode✅ Why home equity is often an untapped piece of your net worth.✅ How retirees can eliminate monthly mortgage payments without draining their investments.✅ The role of home equity in protecting against sequence-of-returns risk during market downturns.✅ Real-world ways clients have used freed-up cash—travel, family gifts, long-term care, and more.✅ The FHA’s protections and counseling requirements that ensure retirees make informed decisions.✅ How HECM loans differ from traditional mortgages and what happens when a borrower passes away.✅ The flexibility of using home equity for both refinancing and purchasing a new home. Key Quote from Archie Johnson“For the right person, a Home Equity Conversion Mortgage can be life-changing. It’s not about debt—it’s about freedom, flexibility, and creating options in retirement.”Connect with Our Guest📧 Email: archie.johnson@mutualmortgage.com 📱 Call: (864) 616-4066 🏢 Mutual of Omaha Mortgage – Home Equity Retirement Specialist Resources & Links📍 Book your free 10-Minute Wealth Vision Call: weeklywealthpodcast.com/vision📍 Learn more about financial strategies and tools at weeklywealthpodcast.com Final ThoughtsWealth isn’t just about money—it’s about what money allows you to do. Whether it’s traveling, supporting family, or enjoying a stress-free retirement, your home’s equity might be the key to unlocking new opportunities.E

    25 phút
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Giới Thiệu

Exploring the Mindsets, Tactics, and Strategies to help you to build and maintain wealth.

Thông Tin

  • Nhà sáng tạo
    David Chudyk
  • Năm hoạt động
    2020 - 2025
  • Tập
    243
  • Xếp hạng
    Sạch
  • Bản quyền
    © David Chudyk, CFP(r)
  • Trang web chương trình
    The Weekly Wealth Podcast

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