The Weekly Wealth Podcast David Chudyk

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

In this episode, let's talk about money considerations in second marriages. Some topics to discuss are:
How will expenses be divided?How will debt be divided?The importance of financial transparency.Estate planning issues that arise with second marriages.Will (or to what extent) will finances be combined?
As always, email david@parallelfinancial.com with any questions or click www.calendly.com/davidpf to set at time to speak with David Chudyk.

A common misconception is that a Financial Advisor's job is only to invest his/her clients' money in a way that will get them the highest return possible. While investment management is important, it is only a part of the financial planning process.
Another important job of a financial advisor is to help clients to identify risks and to take steps to mitigate the effects of the risks.
In this episode, we talk about the CRUCIAL question that you should be asking yourself:
"What are two are three things that if they happed (or maybe didn't happen) would cripple you financially?"
Email David@parallelfinancial.com with your thoughts and questions.
CLICK HERE to schedule your time with David Chudyk
DOWNLOAD your COPY of ENDGAME by CLICKING HERE.

Have you ever wondered why you have an abundance of resources, both financial and otherwise, yet there are so many others that are struggling?
Have you ever wondered why you might have a nice car, yet others in your community are walking? 
Have you ever wondered why you are not lacking in any material things, yet there are
those in your community and in the world that are hungry everyday?
When it comes to luxuries and giving, it's about finding joy in what we have and making choices that align with our values. Instead of a strict budget ratio, let's think about intentionality. Before indulging, ask yourself, "Will this truly add value to my life?" and "could the resources that I am spending on this luxury be a part of the greater good?”  Also, a good rule of thumb to follow is to give first.  If you give first, then use your money to plan and prepare for the future, most of us then feel much betterabout indulging in luxuries. 
Another valuable exercise is to practice purposeful thankfulness.  When are acknowledge the blessings and gifts in our lives, it sometimes creates more generosity in our hearts, it sometimes reduces or eliminates a desire to indulge in luxuries, or it can even give us a the peace to know that it is ok in that point of our lives.
If you have any financial questions, email david@parallelfinancial.com or simply visit www.weeklywealthpodcast.com/schedule-a-chat

David Chudyk and Justin Sykes discuss non-traditional uses of life insurance. The most common use for life insurance (and a very important use) is for DEATH benefit protection. This provides a cash death benefit to a beneficiary when an insured dies. The death benefit is then, typically, used to pay family expenses.
Other uses for life insurance are:
Cash Value accumulation.Long term care/critical illness protection.Funding of BUY/SELL agreements.Providing revenue to a company if a key person passes away.
To discuss how any of these concepts might fit into your financial situation, email david@parallelfinancial.com OR go to Schedule a Chat (weeklywealthpodcast.com)
To get your Value Builder Score, visit www.weeklywealthpodcast.com/valuebuilderscore

Author and long time Money Coach, Mikelann Valterra discussed:
Money has the power in our lives to give us better lives.The Money FOG stems from our experiences as children.... our childhoods shaped our beliefs about money.Our money beliefs can create forms of financial self sabatoge.Money Guilt.
To purchase Mikelann's book, visit Amazon.com: Rise Above the Money Fog: The Key to Confidence, Clarity, and Control Over Your Life: 9780979459795: Valterra, Mikelann: Books
To learn more about Mikelann or to connect with her, visit her imformative website www.seatlemoneycoach.com
To book your appointment with David Chudyk, CFP(r) visit www.weeklywealthpodcast.com/schedule-a-chat
If you are a business owner, get your VALUE BUILDER SCORE by visiting www.weeklywealthpodcast.com/value-builder-score
Email david@parallelfinancial.com with any questions.