One Day Advice Podcast

Nick Reilly, CFP® & CDAA™

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Investing
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This podcast will give you a fully-transparent, behind-the-scenes look into the financial services industry. Helping you to optimize your personal finances along the way. One Day Advice seeks to empower consumers of financial advice with the knowledge and resources needed to navigate their financial lives while leveraging their time so they can get more out of life. onedayadvice.substack.com

08/09/2022

How to Save and Plan for Future Education Costs

Education costs have increased at an exponential rate, creating a significant amount of opportunity for well-thought-out financial planning. In this episode, we discuss the causes for the increased costs and provide information on 529 plans as a solution for self-funding these costs, outside of student loans, in a tax-efficient way. 1:12 - Why tuition costs are increasing exponentially 4:35 - What you can do to plan around education expenses 9:02 - What expenses does a 529 cover, and not cover 10:14 - Alternative methods of funding education expenses 12:37 - FAQ 15:09 - Superfunding a 529 [Planning Strategy] Schedule your free 30-minute consultation at OneDayAdvice.com and mention the podcast. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit onedayadvice.substack.com
07/04/2022

What does it mean to be INDEPENDENT within financial services?

You already know the story of independence and the 4th of July. What you may not know is what independence means within the financial services industry, why it’s important, and how it likely impacts you. In this episode, we cover why the quality of financial advice ranges significantly and what you can do to increase the likelihood that you receive great value. Two big factors contributing to this range in quality comes from WHO the advisor works for and HOW they are compensated. Do you know if your advisor is a fiduciary who is providing advice that's in your best interest? If you're unsure, give this episode a listen today. Being independent means you have cut associations and dependency from a larger institution freeing you to provide advice that is in the client's best interest. Schedule your free 30-minute consultation at OneDayAdvice.com and mention the podcast. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit onedayadvice.substack.com
05/21/2022

Tax-Loss Harvesting: How to Implement & Benefit from this Strategy

With the stock market recently entering a bear market, this is a great time to be considering harvesting any losses that you have to help offset capital gains. In this episode, we provide: An overview of capital gains and tax-loss harvesting Tips & tricks to implement this strategy on your own How to avoid costly mistakes The value that tax-loss harvesting can provide Schedule your free 30-minute consultation at OneDayAdvice.com and mention the podcast. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit onedayadvice.substack.com
05/11/2022

[Crypto Series] Risks Associated with Crypto and How to Protect Yourself

Given the recent Terra collapse and the domino effect that it had on the rest of crypto, this is a timely episode that addresses the associated risks with investing in the asset class. Nick provides an overview of the general risks that are unique to crypto, highlights three important historical events that you can learn from, and then describes how you can protect yourself as an investor in this asset class. Nick finishes the episode with his own outlook on digital assets. Here are the timestamps if you’d like to skip ahead: 2:08 - General Risks Associated with Crypto 11:53 - Important Historical Crypto Events to Learn From 21:58 - How you can protect yourself? 25:42 - Our Outlook on Digital Assets Schedule your free 30-minute consultation at OneDayAdvice.com and mention the podcast. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit onedayadvice.substack.com
04/22/2022

[Crypto Series] Why You Should Care About DeFi (Decentralized Finance)

DeFi (Decentralized Finance) has quickly become one of the largest themes within crypto today, and we believe it will have the greatest disruption to financial services as we know it. Nick explains why you should care about the DeFi revolution and how you may be able to capitalize and/or benefit from it. 0:24 - Why you should care about DeFi 3:45 - Five Key Problems of the Centralized Financial System 13:20 - How DeFi has the potential to solve these problems 17:30 - The current flaws to blockchain technology 19:52 - Introduction to the concept of becoming your own bank Schedule your free 30-minute consultation at OneDayAdvice.com and mention the podcast. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit onedayadvice.substack.com
04/01/2022

[FinTech Series] The Importance of Net Worth Tracking & Financial Organization

Rohit is the founder and CEO of Kubera.com, a modern spreadsheet-style net worth tracker that allows you to automatically track both traditional and crypto portfolios. Kubera helps our clients get organized and gain more financial clarity. In this episode, Rohit shares the near-death experience that led to him starting Kubera and how people’s financial lives have evolved from simple to more complicated due to the rise of financial technology. We also talk about the rise of crypto and where it may fit in an investment portfolio, the differentiator between Kubera and Personal Capital, as well as their product roadmap. Fun Fact: "Kubera" is the Lord of Wealth in Hindu culture. Want to optimize your financial life for the digital age? Schedule your free 30-minute consultation at OneDayAdvice.com and mention the podcast. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit onedayadvice.substack.com
03/17/2022

[Crypto Series] A Primer on Crypto Taxes

Yes, cryptocurrencies are taxed :( In this episode, Nick provides a primer on how they are taxed and which transactions count as a taxable event. He then touches on how to prepare your taxes and the strategies you can implement today to reduce your tax liability. 3:12 - How is Crypto Taxed 4:27 - Taxable & Non-Taxable Events 7:24 - What Tax Forms Do You Need 10:42 - How to Calculate Your Tax Liability 12:05 - How to Save on Crypto Taxes Want to optimize your financial life for the digital age? Schedule your free 30-minute consultation at OneDayAdvice.com and mention the podcast. Resources Mentioned: Crypto Tax Software: Koinly.io Zenledger.io Helpful site for chains that don’t sync to software: Stake.tax Invest in Crypto inside an IRA (Retirement Account): AltoIRA.com This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit onedayadvice.substack.com
02/28/2022

[Crypto Series] Three Major Themes Inside Crypto/Blockchain Technology

Blockchain technology has opened the door for a new era of innovation. In this episode, Nick addresses the three main themes that you can invest in within the cryptocurrency and blockchain environment. Timestamps: 1:07 - DeFi (Decentralized Finance) 9:31 - Web3 (Next Iteration of the Internet) 13:58 - Metaverse Want to optimize your financial life for the digital age? Schedule your free 30-minute consultation at OneDayAdvice.com and mention the podcast. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit onedayadvice.substack.com

This podcast will give you a fully-transparent, behind-the-scenes look into the financial services industry. Helping you to optimize your personal finances along the way. One Day Advice seeks to empower consumers of financial advice with the knowledge and resources needed to navigate their financial lives while leveraging their time so they can get more out of life. onedayadvice.substack.com

Creator

Nick Reilly, CFP® & CDAA™
Episodes

37
Rating

Clean
Copyright

© Nick Reilly, CFP®
Show Website

One Day Advice Podcast