36 episodes

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.

One Day Advice Podcast Nick Reilly

    • Business
    • 5.0 • 5 Ratings

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.

    What does it mean to be INDEPENDENT within financial services?

    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.

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

    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.

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

    [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.

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

    [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.

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

    [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.

    • 21 min
    [Crypto Series] A Primer on Crypto Taxes

    [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

    • 19 min

Customer Reviews

5.0 out of 5
5 Ratings

5 Ratings

jordancraft ,

Great Approach

People of all ages need to have the tools to be able to succeed in our world through financial knowledge. Nick does a fantastic job conveying the behind the scenes facts and educating listeners!

Jegge22 ,

Great Podcast for building wealth!

Highly recommend the One Day podcast. Great content for all ages and levels on building wealth, check it out!

Top Podcasts In Business

Ramsey Network
iHeartPodcasts
NPR
Vox Media Podcast Network
Guy Raz | Wondery
Andy Frisella #100to0