8 episodes

The purpose of this podcast is to give you tax tips, strategies, information on new tax law changes, and give you new tools to help you navigate life's unexpected financial curveballs, all in hopes to give you more money to put back into your wallet.

Podcast Host Monika Hengesbach has more than 30 years of experience in financial services. She’s an enrolled agent, an NTPI Fellow, and CEO at Decision Financial Services.

Work with Monika Hengesbach:
https://www.DecisionFinancial.com

DECISION FINANCIAL
535 Silicon Dr. Ste 101
Southlake, TX 76092

Office: 1-817-268-9352
Fax: 1-800-860-6042
contact@decisionfinancial.com

The Wealthy Wallet Decision Financial Services

    • Business
    • 5.0 • 2 Ratings

The purpose of this podcast is to give you tax tips, strategies, information on new tax law changes, and give you new tools to help you navigate life's unexpected financial curveballs, all in hopes to give you more money to put back into your wallet.

Podcast Host Monika Hengesbach has more than 30 years of experience in financial services. She’s an enrolled agent, an NTPI Fellow, and CEO at Decision Financial Services.

Work with Monika Hengesbach:
https://www.DecisionFinancial.com

DECISION FINANCIAL
535 Silicon Dr. Ste 101
Southlake, TX 76092

Office: 1-817-268-9352
Fax: 1-800-860-6042
contact@decisionfinancial.com

    Taxes in the News | EPISODE 8

    Taxes in the News | EPISODE 8

    Happy 4th of July week! Today on Episode 8 of The Wealthy Wallet, Podcast Host Monika Hengesbach discusses the upcoming expiration of key tax provisions set to sunset in 2026, including the highest tax rate returning to 39.6%, reduced standard deductions, the lifting of the SALT cap, and changes to mortgage interest and unreimbursed business expenses deductions. She also covers the potential expiration of the Qualified Business Income (QBI) deduction, phased reduction of bonus depreciation, and the drop in the estate tax exemption, emphasizing the need for estate planning. Monika discusses strategies for managing estate taxes, such as using irrevocable life insurance trusts (ILITs), charitable donations, and family limited partnerships (FLPs), while clarifying that tips remain taxable income. They address tax code loopholes like Partnership Basis Shifting and cost segregation rules, and explore psychological factors in financial decision-making, discussing cognitive biases and offering practical tips for improvement.
    The purpose of this podcast is to give you tax tips, strategies, information on new tax law changes, and give you new tools to help you navigate life's unexpected financial curveballs, all in hopes to give you more money to put back into your wallet. 
    Monika Hengesbach has more than 30 years of experience in financial services. She’s an enrolled agent, an NTPI Fellow, and CEO at Decision Financial Services. 
    Work with Monika Hengesbach:
    https://www.DecisionFinancial.com
    DECISION FINANCIAL
    535 Silicon Dr. Ste 101
    Southlake, TX 76092
    Office: 1-817-268-9352
    Fax: 1-800-860-6042
    contact@decisionfinancial.com

    • 32 min
    Tax Tips: How to Write Off Your Personal Training Sessions | EPISODE 7

    Tax Tips: How to Write Off Your Personal Training Sessions | EPISODE 7

    Today on Episode 7 of The Wealthy Wallet, Podcast Host Monika Hengesbach explores the link between fitness and finance with Kumbi Moretta, Founder of Leap Fitness. The episode concludes with financial tips on writing off personal training expenses as medical deductions and incorporating fitness benefits into employee plans.
    Work with Kumbi Moretta:https://www.instagram.com/leapfitness
    Monika Hengesbach has over 30 years experience in financial services. She is an NTPI Fellow, enrolled agent, and CEO of Decision Financial Services. 
    The purpose of this podcast is to give you tax tips, strategies, information on new tax law changes, and give you new tools to help you navigate life's unexpected financial curveballs, all in hopes to give you more money to put back into your wallet. 
    Work with Monika Hengesbach:https://www.DecisionFinancial.com
    DECISION FINANCIAL535 Silicon Dr. Ste 101Southlake, TX 76092
    Office: 1-817-268-9352Fax: 1-800-860-6042contact@decisionfinancial.com
    #thewealthywallet #monikahengesbach #southlakepodcast #southlaketx #dallaspodcast #fortworthpodcast #podcasts #podcaststudio

    • 23 min
    Do You Think You're Ready For Retirement? ...Are You Sure?! | EPISODE 6

    Do You Think You're Ready For Retirement? ...Are You Sure?! | EPISODE 6

    Today on a new episode of The Wealthy Wallet, Podcast Host Monika Hengesbach tackles financial planning intricacies with Steve Jenkins, a Certified Financial Planner. Steve shares his journey from medical equipment sales to financial services in 2001, his insurance-based experience, and the founding of his firm in 2019. We explore detailed client discussions, early planning benefits, and the effects of the Tax Cuts and Jobs Act. Topics include roth conversions, hidden taxes, charitable giving strategies, and the impact of inflation on financial planning, highlighting annuities and life insurance as vital tools.
    Monika Hengesbach has over 30 years experience in financial services. She is an NTPI Fellow, enrolled agent, and CEO of Decision Financial Services. 
    The purpose of this podcast is to give you tax tips, strategies, information on new tax law changes, and give you new tools to help you navigate life's unexpected financial curveballs, all in hopes to give you more money to put back into your wallet. 
    Work with Monika Hengesbach:https://www.DecisionFinancial.com
    DECISION FINANCIAL535 Silicon Dr. Ste 101Southlake, TX 76092
    Office: 1-817-268-9352Fax: 1-800-860-6042contact@decisionfinancial.com
    #thewealthywallet #monikahengesbach #southlakepodcast #southlaketx #dallaspodcast #fortworthpodcast #podcasts #podcaststudio

    • 47 min
    Proper Business Structure: Which One Is Right For You? | EPISODE 5

    Proper Business Structure: Which One Is Right For You? | EPISODE 5

    In today's new episode of The Wealthy Wallet, Podcast Host Monika Hengesbach explores business entity structures and their tax implications. She emphasizes insights from a previous episode with attorney Aron Phillips and discusses sole proprietorships, LLCs, S-Corporations, and C-Corporations. Monika also shares practical tax strategies, including the Augusta Rule, and dives into taxable income variations across entities. The episode also addresses psychological biases in financial decision-making and the role of technology, stressing the importance of strategic planning and human judgment for financial success.
    Monika Hengesbach has over 30 years experience in financial services. She is an NTPI Fellow, enrolled agent, and CEO of Decision Financial Services. 
    The purpose of this podcast is to give you tax tips, strategies, information on new tax law changes, and give you new tools to help you navigate life's unexpected financial curveballs, all in hopes to give you more money to put back into your wallet. 
    https://www.DecisionFinancial.comDECISION FINANCIAL535 Silicon Dr. Ste 101Southlake, TX 76092
    Office: 1-817-268-9352Fax: 1-800-860-6042contact@decisionfinancial.com
    #thewealthywallet #monikahengesbach #southlakepodcast #southlaketx #dallaspodcast #fortworthpodcast #podcasts #podcaststudio

    • 28 min
    Managing Legal Pitfalls as an Entrepreneur (Things You Need to Know) | EPISODE 4

    Managing Legal Pitfalls as an Entrepreneur (Things You Need to Know) | EPISODE 4

    In this new episode of The Wealthy Wallet, Podcast Host Monika Hengesbach invites Aron Phillips to dive into the intricacies of business ownership and the legal obligations that come with it. He offers valuable insights into common legal pitfalls faced by entrepreneurs and cautions against relying solely on online services. Together, they explore the nuances of business structures and emphasize the significance of personalized legal advice. Listen to gain a deeper understanding of property business ownership complexities and how to navigate them effectively.
    Work with Aron Phillips Law:https://aphillipslawoffice.com817-903-1414
    Monika Hengesbach has over 30 years experience in financial services. She is an NTPI Fellow, enrolled agent, and CEO of Decision Financial Services. 
    The purpose of this podcast is to give you tax tips, strategies, information on new tax law changes, and give you new tools to help you navigate life's unexpected financial curveballs, all in hopes to give you more money to put back into your wallet. 
    Work with Monika Hengesbach:https://www.DecisionFinancial.com
    DECISION FINANCIAL535 Silicon Dr. Ste 101Southlake, TX 76092
    Office: 1-817-268-9352Fax: 1-800-860-6042contact@decisionfinancial.com
    #thewealthywallet #monikahengesbach #southlakepodcast #southlaketx #dallaspodcast #fortworthpodcast #podcasts #podcaststudio

    • 52 min
    Maximizing Rental Income and Streamlining Loan Processes | EPISODE 3

    Maximizing Rental Income and Streamlining Loan Processes | EPISODE 3

    Sharon Sherley-Mylius, an expert in banking, shares valuable insights in this new video on the types of investment properties, the structure of loan products for real estate investors, and the process of loan acquisition. She also sheds light on how rental income is calculated for real estate investors and the factors that can speed up the loan process. This enlightening interview on a new episode of The Wealthy Wallet with podcast host Monika Hengesbach provides a wealth of knowledge for both seasoned and aspiring real estate investors. 
    Work with Sharon Sherley-Mylius:Worthington Bank817-656-6200sharonmylius@worthingtonbank.com
    Monika Hengesbach has over 30 years experience in financial services. She is an NTPI Fellow, enrolled agent, and CEO of Decision Financial Services. 
    The purpose of this podcast is to give you tax tips, strategies, information on new tax law changes, and give you new tools to help you navigate life's unexpected financial curveballs, all in hopes to give you more money to put back into your wallet. 
    Work with Monika Hengesbach:https://www.DecisionFinancial.com
    DECISION FINANCIAL535 Silicon Dr. Ste 101Southlake, TX 76092
    Office: 1-817-268-9352Fax: 1-800-860-6042contact@decisionfinancial.com

    • 45 min

Customer Reviews

5.0 out of 5
2 Ratings

2 Ratings

Chris Ghanbari ,

Superb

Monika is a rare human. Her key ingredient: genuineness

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