The Weekly Wealth Podcast

David Chudyk
  • 4.8 (26)
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Exploring the Mindsets, Tactics, and Strategies to help you to build and maintain wealth.

  1. Ep 254: Buying & Selling a Business: The Legal Playbook Every Owner Needs

    6D AGO

    Ep 254: Buying & Selling a Business: The Legal Playbook Every Owner Needs

    Buying & Selling a Business: The Legal Playbook Every Owner NeedsFeaturing Jordan Goewey of Thomas Fisher and Edwards P.A. If you’re a business owner who thinks “I’ll just sell my business one day and everything will work out” — this episode is required listening. In my practice, I spend a lot of time helping business owners increase the value of their businesses and prepare for an eventual exit. But today, we flip the script and talk about what actually happens during a sale — from a legal standpoint. This week’s guest, Jordan Goewey, is an attorney who specializes in business transactions and works daily with owners buying and selling companies. We walk step-by-step through the real process, the real risks, and the real decisions that can either protect—or destroy—your outcome. If selling your business is even a remote possibility in the next few years, this episode will save you time, money, and stress. 🔍 What You’ll Learn in This Episode✅ Why not every attorney is the right attorney for a business sale ✅ Why specialization matters when millions of dollars are on the line ✅ When an attorney should get involved (hint: earlier than most owners think) ✅ How Letters of Intent (LOIs) really work—and why sellers have the most leverage there ✅ What happens during due diligence (and why it’s often the most painful part) ✅ Common diligence landmines business owners don’t realize matter ✅ How purchase agreements are negotiated and why “the first draft is never the deal” ✅ What closing a business sale actually looks like today (DocuSign, escrow, wires, Zoom closings) ✅ The real math behind a “$50 million exit” after taxes, legal fees, brokers, and earnouts ✅ Why selling your business is often the single most important financial transaction of your life ⚖️ About Today’s Guest: Jordan GoeweyJordan Goewey is a shareholder at Thomas Fisher and Edwards P.A., a law firm based in Greenville, South Carolina with additional offices in Spartanburg. Jordan’s practice focuses on: Business formation and structuringBuy-sell agreementsBusiness sales and acquisitionsWorking with high-net-worth business owners and founders He is licensed in South Carolina, North Carolina, and Tennessee, and regularly works with owners throughout the Southeast. 🌐 Firm website: 👉 www.tfelawfirm.com (This is the website for Thomas Fisher and Edwards P.A.) 📧 Email: jgoewey@tfelawfirm.com 📞 Phone: (864) 232-0041 🧠 A Key Theme from This EpisodeDon’t go it alone.Too many business owners assume selling a business is “just a deal.” In reality, it’s a multi-year planning process involving legal, tax, financial, and emotional decisions. The owners who get the best outcomes: Plan earlyBuild the right advisory teamUnderstand that headline price is not take-home wealth 📘 Free Resources Mentioned in This...

    32 min
  2. Ep 253: State Government 101: Business Growth, Budgeting & Real Issues in your state.

    JAN 23

    Ep 253: State Government 101: Business Growth, Budgeting & Real Issues in your state.

    Schedule your VISION CALL with David Chudyk by visiting www.weeklywealthpodcast.com/visionEPISODE DESCRIPTIONThis week on The Weekly Wealth Podcast, we’re doing something we’ve never done before — we’re welcoming a South Carolina State Senator and the President of the SC Senate, Thomas Alexander, to break down how state government really works. Most people only pay attention to politics at the national level… but the truth is, your state government affects your daily life in huge ways — from taxes, business growth, and technical college funding, to road infrastructure, public safety, and poverty initiatives. In this episode, Senator Alexander gives us a behind-the-scenes look at how South Carolina operates, why the state remains competitive for major employers, what lawmakers are working on in 2026, and how everyday citizens can stay informed and get involved. If you live in South Carolina (or honestly any state), this episode will help you understand what’s going on under the hood — and why it matters. KEY TAKEAWAYS✅ Why state government matters more than most people realize ✅ The Senate is 46 members total and districts represent ~115,000 citizens each ✅ The SC Senate makeup: 34 Republicans / 12 Democrats ✅ Why state politics can be less divided than the national level ✅ How South Carolina attracts major employers without “just paying companies” to come ✅ The difference between state-level support vs local government incentives ✅ Why a strong business climate benefits everyone: “If companies are successful, citizens are successful.”✅ How SC supports Main Street / small business owners (regulatory reform + pro-business policy) ✅ SC’s personal income tax has dropped from 7% → 6% in recent years ✅ The technical college system is a workforce engine (and a student loan solution) ✅ Apprenticeships + customized training programs that match employer needs ✅ The “poverty” conversation: local + faith-based + nonprofit partnerships matter most ✅ How state budgeting works + why SC’s balanced budget requirement is a big deal ✅ Infrastructure reality: SC maintains 40,000+ miles of state highways ✅ 2026 topics the legislature is actively working on: DUI law reformRegulatory reformAdditional tax policy changesVaping concerns in schoolsUnregulated THC beverages and safety concerns ✅ A strong reminder: you don’t have to vote party-line on every issue ✅ Wealth isn’t only money — it’s security, preparation, wise decisions, and quality of life QUOTES WORTH REMEMBERING“If companies are successful, then our citizens are successful.”“The institution of the Senate is greater than any one of us.”“We have a balanced budget requirement… how novel is that?”“We want South Carolina to remain a special place to live, work,...

    36 min
  3. Ep 252: The Owner’s Blind Spot: How a Fractional CFO Can Strengthen and Scale Your Business

    JAN 16

    Ep 252: The Owner’s Blind Spot: How a Fractional CFO Can Strengthen and Scale Your Business

    Podcast: The Weekly Wealth Podcast Host: David Chudyk, CFP® Guest: Mike Draper, Partner at CFO Systems If you’re a business owner generating $2 million to $15+ million in annual revenue, one of your biggest risks may not be sales, competition, or employees — it may be your financial blind spot. In this episode of The Weekly Wealth Podcast, David Chudyk sits down with Mike Draper, Partner at CFO Systems, to explain how a fractional CFO helps business owners improve cash flow, make better strategic decisions, and prepare their company for long-term growth or a future sale. 🔍 What You’ll Learn in This EpisodeWhat a fractional CFO actually does (and how it differs from a controller)Why growth often uses cash before it creates cashCommon financial blind spots business owners don’t realize they haveThe difference between keeping score and making strategic decisionsWhen it makes more sense to hire a fractional CFO instead of a full-time CFOHow poor financial processes can lower the value of your businessWhy clean books, forecasts, and procedures matter before selling your companyHow fractional CFOs help with:Cash flow forecastingBudgeting and capital planningDebt restructuring and banking relationshipsPreparing for due diligence and quality of earnings reviews ⚾ A Simple Way to Think About ItMike uses a Moneyball analogy: Controllers keep the score (historical data)CFOs analyze the data to guide future strategy Most business owners have the score — but not the strategy. 👤 About Today’s Guest: Mike DraperMike Draper is a Partner at CFO Systems, a fractional executive leadership firm with over 100 directors nationwide and more than 300 active clients. CFO Systems provides fractional CFOs, COOs, controllers, HR leaders, and interim executives to businesses across industries and revenue sizes. Mike began his career at Deloitte, spent nearly a decade auditing Berkshire Hathaway, and has served in controller and CFO roles for publicly traded companies. 📞 How to Contact Mike DraperEmail: mdraper@cfosystemsllc.comPhone: (402) 598-7150Website: a...

    30 min
  4. Ep 251: BONUS Episode with Special Guest, Jessica Pierce

    JAN 12

    Ep 251: BONUS Episode with Special Guest, Jessica Pierce

    🎙️ The Weekly Wealth PodcastSpecial Guest: Jessica Pierce In this episode of The Weekly Wealth Podcast, host David Chudyk is joined by special guest Jessica Pierce for an insightful conversation around money, mindset, and making smarter financial decisions. Together, they explore how behaviors—not just numbers—play a critical role in long-term wealth, and how intentional choices today can create confidence and clarity for the future. Whether you’re just starting your financial journey or refining your strategy, this episode offers practical takeaways you can apply right away. 🔑 What You’ll Learn in This Episode:Why financial success is driven by behavior as much as strategyHow to make more intentional money decisionsCommon mistakes that can quietly derail long-term wealthThe importance of aligning your values with your financial planActionable steps you can take this week to improve your financial confidence 💡 Key Takeaway:Better decisions lead to better behaviors—and ultimately, better wealth. 👤 About Our Guest:Jessica Pierce brings a fresh perspective to the conversation, sharing insights and experiences that help simplify complex financial topics and make them more approachable. 📌 Don’t Forget:If you enjoyed this episode, be sure to subscribe, rate, and review The Weekly Wealth Podcast so you never miss a conversation designed to help you build a stronger financial future.

    56 min

  5. JAN 9

    Ep 250: New Year, New Revenue: Marketing & Branding Strategies Every Business Owner Needs in 2026

    What if the biggest financial move you make in 2026 isn’t a Roth conversion or an investment pick—but fixing your marketing? In the first episode of 2026, Certified Financial Planner™ David Chudyk sits down with marketing strategist Katie Brinkley to unpack practical, non-cringey marketing strategies that business owners can implement right now—without dancing on TikTok or posting 42 times a week. This conversation is packed with real-world marketing advice, especially for Main Street businesses, professional service firms, and business owners who want more revenue without more chaos. 🧠 What You’ll Learn in This Episode✔️ The real difference between marketing vs. sales (and why confusing them hurts revenue) ✔️ Why posting less—with intention—often leads to better results ✔️ How to market without being “goofy,” awkward, or inauthentic ✔️ What “going viral” actually means for a small business ✔️ Why podcasts are one of the best lead-generation tools available today ✔️ How to use email marketing (the most overlooked asset) effectively ✔️ Non-social-media marketing strategies that still work in 2026 ✔️ How consistency—not perfection—wins the marketing game ⏱️ Key Topics & HighlightsWhy your business is your greatest wealth-building toolThe shift toward personal branding after COVIDHow to choose marketing strategies that match your personalityLunch-and-learns, workshops, and relationship-based marketingWhy algorithms shouldn’t control your entire growth planRepurposing content the smart way (without burning out) 🎯 BONUS CONTENTYour brand isn’t what you say it is—it’s what other people perceive. Ask yourself: What do your clients think you do?What does your community say about you?Would your competitors describe you the same way you do? If those answers don’t align with your goals, it may be time to refine—or rebrand—your message. 👩‍💼 About Our Guest: Katie BrinkleyKatie Brinkley is a marketing strategist, speaker, and founder of Next Step Social. She’s been helping businesses grow through social media since the days of MySpace and has led national strategies for brands like AT&T. She’s also the host of two podcasts: Rocky Mountain Marketing – expert interviews and practical strategiesMarketing Trends Now – weekly solo episodes on what’s changing right now 👉 Learn more and connect with Katie: 🌐 https://www.katiebrinkley.com 📞 Ready to Talk About Your Financial Vision?If marketing,...

    35 min

  6. JAN 2

    Ep 249: 25 reflections on 2025

    Welcome to the first episode of 2026. In this episode of The Weekly Wealth Podcast, Certified Financial Planner™ David Chudyk shares 25 powerful lessons from 2025—lessons learned from working closely with business owners, high earners, and high‑net‑worth families. These lessons span three critical areas: • Business ownership & leadership • Personal finance & investing • Life, health, and perspective This episode is designed to help you think better, behave better, and ultimately make better financial decisions in 2026 and beyond. SECTION 1: 8 LESSONS FOR BUSINESS OWNERS 1. Profit is not a dirty word—it’s the purpose of business. 2. Your business should survive if you disappear for 30 days. 3. Complexity is the enemy of scale. 4. Growth requires daily discomfort. 5. Many businesses underprice their value. 6. You can’t be everything to everyone—find your niche. 7. Core values should be written, shared, and lived. 8. Learn to say: “That’s not my job anymore.” SECTION 2: 9 PERSONAL FINANCE & INVESTING LESSONS • Many millionaires don’t look wealthy. • Financial margin matters. • Wealth is built through boring consistency. • Concentration can create wealth; diversification preserves it. • Know what you own, why you own it, and when you’ll sell. • Risk management matters more than chasing returns. • Roth vs pre‑tax decisions matter. • Tax preparation is not tax planning. • Estate planning can’t wait. SECTION 3: 8 LIFE LESSONS • Be a decent person. • Let go of what you can’t control. • Calories add up—health matters. • Find an exercise plan you’ll stick with. • Surround yourself with great people. • Avoid patterns that keep people stuck. • Choose empathy over judgment. • Faith, gratitude, and perspective matter. BONUS SEGMENT Focus on activities, not outcomes. You control the activity. Results take care of themselves. CALL TO ACTION Book your 10‑Minute Wealth Vision Call: https://weeklywealthpodcast.com/vision DISCLAIMER The information contained herein is for informational purposes only and should not be construed as an offer to buy or sell any security. Past performance is not indicative of future results.

    21 min
  7. Ep 248: Wealth Beyond the Balance Sheet: Rest, Thankfulness & Time

    12/26/2025

    Ep 248: Wealth Beyond the Balance Sheet: Rest, Thankfulness & Time

    📄 Episode DescriptionThe days after Christmas often bring a rare and beautiful pause—less noise, fewer obligations, and space to breathe. In this special abbreviated episode of The Weekly Wealth Podcast, Certified Financial Planner™ David Chudyk invites listeners to step away from budgets, to-do lists, and financial strategies to reflect on a different kind of wealth. This episode explores the qualitative side of wealth: rest, gratitude, contentment, and time with the people who matter most. It’s a reminder that true wealth isn’t just what’s on paper—it’s who’s sitting around your table. ⏱️ Episode HighlightsWhy the week after Christmas is one of the most valuable times of the yearRest as a legitimate and powerful form of wealthWhy burnout leads to poor decisions—financial and personalHow thankfulness changes our relationship with moneyRecognizing everyday privileges we often overlookWhy time with family is the only asset that isn’t renewableLetting ambition pause—and giving yourself permission to restA special “permission slip” for contentment heading into the new year 💡 Key TakeawaysRest isn’t laziness—it’s recovery, margin, and fuel for better decisionsMoney is a tool, not the goal; it’s meant to support a meaningful lifeGratitude reduces financial anxiety by shifting focus from scarcity to abundanceTime is irreplaceable—money can be earned again, but moments cannotThere’s value in recognizing when you already have enough 🎁 Bonus Content: A Permission Slip for the SeasonAs the year winds down, David shares a powerful reminder: 2026 can be a year of ambition, growth, and big goals—but the rest of this year can be about contentment. Not complacency—but appreciation. Not slowing down forever—but resting without guilt. If you’re listening between Christmas and New Year’s, consider this your permission slip to pause. 🙏 Final ReflectionWealth isn’t just measured by accounts and statements. It’s measured by connection, faith, relationships, and peace. This week, rest. Be thankful. Spend time with the people you love. There will be plenty of time to focus on the details soon enough. 📢 Connect With the ShowFollow The Weekly Wealth Podcast on: InstagramFacebooka href="https://www.youtube.com/@theweeklywealthpodcast" rel="noopener...

    10 min
  8. Ep 247: Portfolio Construction 101

    12/19/2025

    Ep 247: Portfolio Construction 101

    📌 Episode OverviewWhen people hear “investing,” they often think about hot stocks, market predictions, or timing the next big move. In this episode of The Weekly Wealth Podcast, Certified Financial Planner David Chudyk breaks down what truly matters: how your portfolio is structured, balanced, and managed over time. This episode isn’t about what to buy—it’s about why you own what you own, how different investments interact, and how intentional design can lead to better long-term outcomes, especially during market volatility. 🧠 What You’ll LearnWhy portfolio construction matters more than picking the “right” investmentHow investors can own great investments but still get poor resultsThe difference between intelligence and structure in investingWhy most portfolios are built unintentionally—and the risks that creates 📊 Key Concepts Explained 🔹 Alpha vs. BetaAlpha: Returns above what the market providesBeta: Exposure to market movement (upside and downside)Why many investors mistake higher risk for true outperformance 🔹 Concentration RiskHow overexposure to one stock, sector, or employer can quietly build riskWhy diversification doesn’t just grow wealth—it helps preserve it 🔹 Index Funds: Pros & ConsPros: Low costBroad market exposureSimplicity and transparency Limitations: Full exposure to market downturnsNo built-in risk management or tax coordinationIncreasing concentration within major indexes Index funds are powerful tools—but they are not a full strategy on their own. 🔁 Correlation, Volatility & Real RiskWhy assets that look diversified can still move togetherThe difference between volatility (movement) and true risk (permanent loss)How behavior—not numbers—often determines investment outcomes 🏗️ Beyond Stocks: Other Investment ToolsDavid discusses how different assets can play different roles in a portfolio, including: Real estate (direct ownership vs. REITs)Gold and precious metalsPrivate equity and private creditAnnuities and lifetime income strategies Each comes with unique risk, liquidity, and complexity trade-offs that must align with your stage of life and financial goals. ⚠️ Why DIY Portfolios Often StruggleMarkets changeLife changesTaxes become more impactful over...

    27 min
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4.8
out of 5
26 Ratings

About

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

Information

  • Creator
    David Chudyk
  • Years Active
    2020 - 2026
  • Episodes
    257
  • Rating
    Clean
  • Copyright
    © David Chudyk, CFP(r)
  • Show Website
    The Weekly Wealth Podcast

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