Wealth on the Move

Will Hoffman
  • 5.0 (11)
  • Investing
  • Updated Semiweekly

Wealth on the Move with Will Hoffman of Hoffman Wealth Management, the podcast where we explore smart financial strategies for busy families and active retirees. We’ll dive into the tips, tools, and techniques you need to keep your wealth moving forward with your life. Whether you’re managing your family’s finances or planning for a well-deserved retirement, we’re here to help you stay ahead of the curve. Investment advice offered through Private Advisor Group, a Registered Investment Advisor. Third party posts found on this profile do not reflect the views of Private Advisor Group and have not been reviewed by Private Advisor Group as to accuracy or completeness.

  1. 2d ago

    Build Wealth Faster Than Real Estate: Semi-Passive Franchising with Bob Bernotas

    Summary: In this episode of Wealth on the Move, host Will Hoffman interviews Bob Bernotas, a seasoned franchise consultant with over 40 years of experience in the franchising industry. They discuss the intricacies of franchising as a wealth-building strategy, the transition from being a franchise owner to a consultant, and the importance of understanding the franchise landscape. Bob shares his personal journey, insights on semi-passive franchise opportunities, and the critical nature of having an exit strategy. The conversation also touches on the lessons learned from both successful and unsuccessful franchise ventures. In this conversation, Bob Bernotas discusses the intricacies of franchising, emphasizing the importance of timing, the semi-passive franchise model, and the various financing options available for potential franchisees. He debunks common myths surrounding franchising and highlights promising categories for investment, particularly in health and wellness. Bob also provides practical advice for those considering franchise ownership, stressing the need for thorough research and consultation with experienced advisors. Resources: Visit Bob’s Website Connect with Bob via email at bob@franchisewithbob.com Takeaways: Franchising can be a viable way to build wealth. Bob Bernotas has over 40 years of experience in franchising. A franchise is a system of doing business, often with significant support. Transitioning from franchise owner to consultant can be rewarding. Semi-passive franchises require managing the manager and KPIs. Exit strategies are crucial in franchising for long-term success. Franchises can build equity faster than real estate investments. Not all franchises are created equal; careful selection is key. Understanding the market and trends is essential for franchise success. Learning from failures is as important as celebrating successes. Hollywood Tans didn’t pan out as expected for Bob. Timing is critical in franchising; find brands at the right growth stage. Many candidates are in W-2 jobs while exploring franchises. Semi-passive brands can allow for a smoother transition from W-2 jobs. Financing options include SBA loans and 401k rollovers. Franchising can be a high-paying dividend stock with growth potential. Franchise success relies on a partnership mentality between franchisor and franchisee. Health and wellness franchises are becoming increasingly popular. Private equity is rapidly acquiring franchise companies. Research and seek advice from experienced franchise consultants.   Connect with Will Hoffman:  Hoffman Wealth Management (724) 522-5411 will@hoffmanwealth.com LinkedIn: Will Hoffman  Facebook: Hoffman Wealth Management  YouTube: Hoffman Wealth Management   Disclosure: Bob Bernotas and Franchise with Bob are not affiliated with Hoffman Wealth Management or Private Advisor Group

  2. Aug 13

    How High Earners Fix Money Scripts & Build Real Wealth | Yohance Harrison

    Summary: In this episode of Wealth on the Move, host Will Hoffman welcomes Yohance Harrison, founder and CEO of Money Script Wealth Management and host of the Only Human Podcast. Yohance shares his personal journey from facing childhood financial scarcity to building a specialized wealth management practice focused on high-burnout emergency room physicians. Together, they explore the psychological and behavioral aspects of money management, examining how childhood experiences and ingrained “money scripts” influence financial decision-making into adulthood. Yohance breaks down the unique financial traps facing high earners, the shift from traditional pensions to individual 401(k) responsibility, and the critical gap in modern financial literacy education. Finally, he outlines actionable behavioral exercises—including aligning personal expenses with top core values—to help listeners rewrite their relationship with money, and highlights his contribution to the new book Even More Than Money. Resources: Will Hoffman on The Only Human Podcast Link to Even More Than Money Connect with Yohance on Linkedin Follow The Money Script on Instagram Follow The Money Script on X Takeaways: Yohance Harrison founded Money Script Wealth Management to focus specifically on ER physicians, a demographic with high burnout rates and complex financial needs. High earners and medical professionals often fall into the “I’ll deal with it later” trap due to extreme decision fatigue and delayed gratification. Personal financial choices are heavily influenced by childhood “money scripts,” such as scarcity mindsets, which persist even as income grows. The transition from employer pensions to self-directed 401(k)s transferred retirement planning responsibility to individuals without providing proper financial education. Financial literacy remains under-taught in schools partly because educators themselves often lack formal training in money management. Behavioral financial advising helps clients recognize cognitive biases, such as aversion bias, herd mentality, and trying to predict the future. Performing a personal values exercise and placing core values on a daily bathroom mirror can actively guide better financial choices. Auditing 30 days of personal spending against your core values reveals whether your money is supporting what truly matters to you.   Connect with Will Hoffman:  Hoffman Wealth Management (724) 522-5411 will@hoffmanwealth.com LinkedIn: Will Hoffman  Facebook: Hoffman Wealth Management  YouTube: Hoffman Wealth Management   Disclosure: Yohance Harrison and The Money Script are not affiliated with Hoffman Wealth Management or Private Advisor Group

  3. Jun 18

    Why Don't Schools Teach Personal Finance? w/ author Cary Siegel

    Summary: In this episode of Wealth on the Move, host Will Hoffman engages with Cary Siegel, author of ‘Why Didn’t They Teach Me This in School?’ They discuss the critical need for financial literacy in education, the importance of teaching children about money management, and practical strategies for parents to fill the gaps in their own financial knowledge. Cary shares insights from his book, emphasizing the value of getting rich slowly, avoiding the pitfalls of comparison, and the necessity of negotiation in everyday life. The conversation highlights the shift from traditional pensions to personal financial responsibility, urging listeners to take charge of their financial futures. In this conversation, Cary Siegel shares invaluable financial wisdom, emphasizing the importance of budgeting, living below one’s means, and making informed financial decisions at various life stages. He discusses practical steps for new graduates, young families, and those approaching retirement, while reflecting on his own experiences during the financial crisis. Cary also debunks common money myths and encourages listeners to invest time in understanding personal finance. Resources:  Link to Buy Why Didn’t They Teach Me This In School? Link to Buy Why Didn’t They Teach Me This In School Too? Takeaways: Financial literacy is lacking in schools. Carrie Siegel wrote the book for his children. Money management is crucial for all ages. Parents should start teaching financial basics early. Investing in a 401(k) is essential for future security. Getting rich slowly is a sustainable approach. Avoid comparing yourself to others financially. Negotiation can lead to significant savings. Understanding needs versus wants is vital. Financial education should be a lifelong pursuit. Always have a budget and follow it. Living below your means is crucial for financial stability. Pay off your mortgage as quickly as possible for security. New graduates should prioritize their IRA and loan repayments. Enjoy life while making financial trade-offs. Consider your children’s education costs early on. Invest in the stock market for better returns over time. Passive income is often not as passive as it seems. Work hard and smart in your career for better opportunities. Take time each week to learn about money management. Connect with Will Hoffman:  Hoffman Wealth Management (724) 522-5411 will@hoffmanwealth.com LinkedIn: Will Hoffman  Facebook: Hoffman Wealth Management  YouTube: Hoffman Wealth Management   Disclosure: Cary Siegel and Why Didn’t They Teach Me This In School are not affiliated with Hoffman Wealth Management or Private Advisor Group

  4. Jun 4

    Why the Rich Get Richer: Inside the Hilton Family Office with Mark Hilton

    In this episode of Wealth on the Move, host Will Hoffman speaks with Mark Miller, managing director of the Hilton Family Office, about the strategies and mindsets that have allowed the Hilton family to build and preserve their wealth across generations. They discuss the differences between retail and smart money investing, the importance of a long-term mindset, and the shift from traditional pension plans to 401(k)s. Mark shares insights on legacy planning, the significance of education for future generations, and how to structure investments for safety and growth. The conversation emphasizes the need for individuals to take responsibility for their financial futures and the value of understanding wealth management principles.

  5. May 7

    5 Outdated Financial Practices to Leave Behind in 2026

    Summary: In this episode of Wealth on the Move, hosts Will Hoffman and Brynn Tarbuck discuss five outdated practices in the wealth management industry that need to be left behind. They explore the ineffectiveness of dinner seminars, the rise of financial influencers, the misconceptions surrounding life insurance as an investment, and the importance of integrated financial advice. The conversation emphasizes the need for a client-centered approach and the dangers of siloed advice in financial planning. In this conversation, Will and Brynn discuss the importance of collaboration among financial professionals, the challenges of founder limitations in firms, and the need for a client-centric approach in the financial profession. They emphasize the significance of integrating various professional insights to provide comprehensive financial advice and the necessity of building firms that can thrive beyond their founders. Resources:  Wealth on the Move Episode with Ben Carlson Takeaways: The wealth management industry needs to evolve and leave behind outdated practices. Dinner seminars often create a forced quid pro quo that doesn’t serve clients’ best interests. Financial influencers can provide valuable content, but their advice should be vetted for credibility. Life insurance is a tool for protection, not primarily an investment vehicle. Siloed advice from different financial professionals can lead to misaligned strategies and poor outcomes. Education-based seminars are preferable to high-pressure sales tactics. Clients should seek validation from licensed professionals before acting on financial advice. Integrated financial planning requires collaboration among advisors, accountants, and attorneys. Relying on social media for financial decisions can be risky without proper validation. A comprehensive financial plan should include multiple strategies and tools, not just one product. It’s important to move accountants into advisory roles. Collaboration among professionals leads to better client outcomes. Financial advisors need to consider lifetime tax implications. Siloed advice can harm clients’ financial plans. Building relationships with other professionals is crucial. Firms should focus on values to ensure growth. A founder’s limitations can bottleneck a firm’s potential. Legacy building is essential for sustainable business. Client-centric approaches improve overall service. Professionals should strive to be agents of change. Connect with Will Hoffman:  Hoffman Wealth Management (724) 522-5411 will@hoffmanwealth.com LinkedIn: Will Hoffman  Facebook: Hoffman Wealth Management  YouTube: Hoffman Wealth Management

  6. Apr 23

    Ben Carlson: Why "Buy and Hold" Still Wins (Even After a 30-Year Market Crash)

    Summary: In this episode, Ben Carlson discusses long-term investing, the importance of diversification, managing investor psychology, and insights from his new book ‘Risk and Reward’. He shares lessons from Japan’s stock market history, debunks common investing myths, and emphasizes the value of simplicity and discipline in wealth management. Resources:  Find Risk & Reward on Amazon A Wealth of Common Sense Website Animal Spirits Podcast Key  topics: Long-term investing and buy-and-hold strategy Lessons from Japan’s stock market history The importance of diversification and avoiding concentration risk Managing investor psychology and behavioral biases Insights from Ben Carlson’s new book ‘Risk and Reward’ Connect with Will Hoffman:  Hoffman Wealth Management (724) 522-5411 will@hoffmanwealth.com LinkedIn: Will Hoffman  Facebook: Hoffman Wealth Management  YouTube: Hoffman Wealth Management   Disclosure: Ben Carlson and Ritholtz Wealth Management are not affiliated with Hoffman Wealth Management and Private Advisor Group.

  7. Apr 16

    Retirement Rewirement: Why Most People Forget Why They Retired & How to Fix It

    Summary: In this episode of Wealth on the Move, host Will Hoffman engages with Bonnie Treichel, J.D., co-author of Your Retirement Sketchbook. They discuss the complexities of retirement planning, emphasizing the importance of visualization, the psychological shift required for retirement (termed ‘rewirement’), and the need for community and purpose in this new phase of life. The conversation also covers practical aspects like social security, the upcoming wave of retirements (Peak 65), and the often-overlooked topics of pets and digital footprints in retirement planning. The episode encourages proactive discussions about retirement and highlights the dynamic nature of financial planning. Resources:  Your Retirement Sketchbook at Barnes & Noble Your Retirement Sketchbook on Amazon Endeavor Retirement Website Connect with Bonnie on LinkedIn Takeaways: Retirement can feel confusing and overwhelming for many people. Visualization is a powerful tool in understanding financial concepts. The concept of ‘rewirement’ emphasizes a mindset shift for retirement. Community, purpose, and recreation are essential for a fulfilling retirement. Retirement planning is not a one-time event but a dynamic process. Social security decisions can significantly impact retirement finances. The upcoming Peak 65 wave will see a large number of retirements. Pets can provide companionship and purpose in retirement. Planning for your digital footprint is increasingly important. Connect with Will Hoffman:  Hoffman Wealth Management (724) 522-5411 will@hoffmanwealth.com LinkedIn: Will Hoffman  Facebook: Hoffman Wealth Management  YouTube: Hoffman Wealth Management   Disclosure: Bonnie Treichel and Endeavor Law are not affiliated with Hoffman Wealth Management and Private Advisor Group.

  8. Apr 2

    How to Optimize Retirement Taxes & Avoid Costly Mistakes with Taylor Schulte

    Summary: In this episode, Will Hoffman interviews Taylor Schulte, CEO of Define Financial, about the importance of proactive financial planning, tax strategies, behavioral finance, and balancing life and wealth. They explore how high-income families can optimize their wealth, avoid common mistakes, and enjoy their journey to retirement. Resources:  Visit Taylor’s Podcast Website Connect with Taylor on LinkedIn Buy More Than Money Here Buy Even More Than Money Here Key Topics: Proactive tax planning and its long-term benefits The impact of wealth on financial complexity Common mistakes high-income families make before and after retirement The importance of life and relationship planning in retirement Behavioral finance and emotional decision-making in wealth management Connect with Will Hoffman:  Hoffman Wealth Management (724) 522-5411 will@hoffmanwealth.com LinkedIn: Will Hoffman  Facebook: Hoffman Wealth Management  YouTube: Hoffman Wealth Management

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5
out of 5
11 Ratings

About

Wealth on the Move with Will Hoffman of Hoffman Wealth Management, the podcast where we explore smart financial strategies for busy families and active retirees. We’ll dive into the tips, tools, and techniques you need to keep your wealth moving forward with your life. Whether you’re managing your family’s finances or planning for a well-deserved retirement, we’re here to help you stay ahead of the curve. Investment advice offered through Private Advisor Group, a Registered Investment Advisor. Third party posts found on this profile do not reflect the views of Private Advisor Group and have not been reviewed by Private Advisor Group as to accuracy or completeness.

Information

  • Creator
    Will Hoffman
  • Years Active
    2022 - 2026
  • Episodes
    78
  • Rating
    Clean
  • Copyright
    Copyright © 2024 Wealth on the Move
  • Show Website
    Wealth on the Move

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