Wealth-Building Made Simple

Phillip Washington Jr.
  • 4.9 (28)
  • INVESTING
  • UPDATED WEEKLY

Money can be stressful, but it doesn’t have to be! This podcast is about helping people understand their finances and make smart choices for their future.

  1. 21H AGO

    Buying a Farm – "Harvesting the Write-Offs"

    Key Takeaways: Use Tax Tools to Improve Cash Flow: Section 179 and bonus depreciation allow farm investors to write off equipment costs right away. This can free up cash and support business growth. Know What You Can Depreciate: Land cannot be depreciated, but things like equipment and buildings (such as barns) can. Planning ahead helps you get the most tax benefit. Think Long Term With Depreciation: Tax strategies should match your long-term plans. Consider how selling assets later could affect your taxes. New Funding Opportunities Are Growing: Private lending is becoming more common again. This can create new ways for entrepreneurs to invest in areas like agriculture. Farming Adds Real Value: Owning and running a farm isn’t just about profit. It also supports food systems and contributes to the well-being of communities and the environment.   Chapters: Timestamp Summary   0:00 Investing in Farms and Tax Benefits with Section 179 2:00 Leveraging Assets and Bitcoin for Wealth Management Opportunities 3:07 Tax Benefits and Equipment Needs for Small Farm Owners 4:45 Understanding Depreciation Benefits and Trade-Offs for Farmers 7:09 Understanding Depreciation Strategies in Farming Equipment and Livestock 9:26 The New American Dream: Owning a Business 10:05 Planning Long-Term Financial Strategies with Bonus Depreciation   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

    13 min

  2. 2D AGO

    The End of the Paper Money Era

    Key Takeaways: Rethink Traditional Retirement Plans: Plans like 401(k)s and pensions were built for a different time. They may not always provide the financial freedom people expect today. Build Real, Valuable Skills: Skills that create value and income are more important than just having credentials. What you can do matters more than what you’re labeled as. Focus on Strong Assets and Control: Saving in assets that hold value over time can be more effective than holding only cash.It’s also important to understand your own financial accounts even if you are not managing the investments yourself. New Forms of Community Investing: Decentralized groups, like DAOs, are modern ways for people to pool money and invest together, similar to how communities worked in the past. Take Back Financial Control: People have the ability to take charge of their finances. Building systems that support long-term stability can help not just individuals, but future generations as well. Chapters: Timestamp Summary 0:00 Rethinking Wealth: Ancient Strategies Versus Modern Systems 8:46 Building Generational Independence Through Real Skills Over Credentials 11:33 Building Wealth Through Hard Assets and Independent Investments 15:43 Building Community Wealth Through Trust and Reciprocity 18:15 Shifting Global Power Dynamics and America’s Softness 22:21 Building Wealth Through New Financial Structures and Old Principles 26:38 Resilience and Legacy in the Face of Adversity Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

    30 min

  3. APR 3

    Why Paying 0 Tax Could Be Costing You Big

    Key Takeaways: Don’t Let Taxes Control Every Decision: Focusing too much on saving taxes can distract from the bigger goal of growing a strong and profitable business. Think About Long-Term Effects: A tax break today might lead to higher taxes later. It’s important to look at how decisions affect future events like selling the business or paying capital gains. Build the Business First: Structuring the business well and investing in things that help it grow often brings greater value than short-term tax savings. Avoid Spending Just for Tax Deductions: Prepaying expenses or buying equipment only to reduce taxes can lead to wasteful spending and weaker financial health. Balance Retirement and Tax Planning: Retirement contributions and benefits can help with taxes now, but it’s important to consider how those funds will be taxed in the future. Chapters: Timestamp Summary 0:00 The Hidden Costs of Obsessing Over Taxes 1:38 Balancing Tax Savings and Business Growth Strategies 3:15 Balancing Business Investments and Long-Term Financial Strategy 4:53 Leveraging Business Growth and Investments for Tax Efficiency 6:40 Smart Tax Strategies for Business Owners   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

    12 min

  4. APR 1

    Deep Roots: A New Way to Think About Saving, Borrowing, and Building Real Wealth

    Key Takeaways: Traditional Savings Are Losing Power: Savings accounts and many retirement plans often struggle to keep up with inflation and low interest rates, which can slowly reduce the value of saved money. Bitcoin as a Long-Term Asset: Bitcoin is often seen as a strong investment because its supply is limited. This scarcity can make it useful for long-term savings and wealth growth. Rethink Your Investment Strategy: Instead of relying only on cash savings, some strategies focus on using credit carefully and investing in assets that are scarce and less affected by inflation. Build Strong Financial Roots: A stable financial system stores value in assets that can hold their worth over time, helping protect wealth from inflation. Manage Risk Carefully: Borrowing against investments should be done conservatively. Keeping debt at safe levels helps protect against market changes and financial uncertainty.   Chapters: Timestamp Summary 0:00 Rethinking Savings Strategies for Financial Security 3:55 Scarcity and Stability in Savings and Investment Strategies 8:46 Bitcoin as a Decentralized Alternative to Central Banking 13:43 Building a Portfolio with Bitcoin and Scarce Equities 15:39 Leveraging Deep Root Strategies for Financial Stability 23:18 Bitcoin as a Democratizing Force in Wealth Building   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

    27 min

  5. MAR 27

    The Simple Retirement Plan for Business Owners

    Key Takeaways: Build With the End in Mind: A successful business is built with the future in mind. Instead of focusing only on short-term profit, owners should also design a business that supports the lifestyle they want. Plan Finances Strategically: Strong financial planning, including retirement plans and smart investments, helps make a business more stable and attractive to future buyers. Create a Business That Runs Without You: A valuable business can operate smoothly even when the owner is not involved in daily work. Clear systems and strong teams make this possible. Align Business With Personal Goals: When a business supports personal goals and values, it reduces stress and leads to a more balanced and sustainable approach to entrepreneurship. Build an Attractive Organization: Buyers are drawn to businesses with strong teams, clear systems, and healthy finances. Creating this kind of environment increases the long-term value of the company.   Chapters: Timestamp Summary   0:00 Avoiding Desperation in Business Sales 2:02 Building a Business with Future Lifestyle in Mind 4:40 Aging, Annoyance, and AI Bots Defending Your Lawn 5:15 Building a Self-Sustaining Business for a Successful Exit 7:23 Building a Business with AI and Succession Planning Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

    11 min

  6. MAR 25

    Prediction Is Overrated: Why I Don't Try to Guess the Future

    Key Takeaways: Focus on Structure, Not Predictions: Instead of trying to predict the future, it is often better to understand how financial systems are built. When you understand the structure of markets, you can make stronger and more reliable investment decisions. Freedom and Security Must Stay Balanced: Healthy markets tend to balance freedom and security. Investors can make better choices by recognizing how these two forces shape financial systems. Bitcoin Reflects System Imbalances: Interest in Bitcoin has grown as people notice problems in traditional systems, especially the imbalance between expanding credit and limited real resources. Predictions Often Fail: Throughout history, prediction tools have had limited success. Even with modern technology and AI, accurately forecasting complex systems remains difficult. Capital Moves to Better Systems: Over time, money tends to flow toward systems that offer both security and freedom. Many people see Bitcoin as one of those systems, which is why it continues to attract attention and investment.   Chapters: Timestamp Summary 0:00 Investing Without Prediction: Leveraging Market Structure and Time 3:32 Understanding Nature’s Constraints for Farming and Market Success 6:59 The Balance Between Freedom, Security, and Market Dynamics 15:13 Structural Imbalances and the Shift Towards Bitcoin 19:02 Bitcoin’s Structural Advantage in Modern Financial Systems   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

    26 min

  7. MAR 20

    You Don't Have to Chase Growth to Get Rich

    Key Takeaways: Growth Needs Balance: When a business grows too fast without strong support systems, it becomes fragile and more likely to break during tough times. Build Strong Foundations: Focus on creating a healthy balance sheet, not just increasing revenue. Strong financial foundations help a business stay stable over the long term. Your Team Matters: The people in your business are one of your greatest assets. Having the right people in the right roles helps the company grow and succeed over time. Use Technology Wisely: Tools like AI can improve efficiency, but they should support human thinking, not replace good judgment and critical decision-making. Protect With Financial Guardrails: Clear financial rules and discipline help protect both your personal well-being and the long-term health of your business.   Chapters: Timestamp Summary 0:00 Balancing Business Growth with Personal Security and Wellbeing 3:33 Building Strong Business Foundations for Future Opportunities 5:06 AI Cannot Replace Human Critical Thinking in Business 6:01 Strategic Balance Sheet Management for Business Growth   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

    9 min

  8. MAR 18

    The Six Principles of Financial Intelligence​

    Key Takeaways: Intelligence as Energy: Intelligence isn’t just about knowledge. It can be seen as a kind of energy that flows through how we think, decide, and act. Learning to direct that energy supports both personal and financial growth. A Practical Framework for Wealth: The “Six Intelligent Forces” idea brings together lessons from history and modern thinking. It turns big ideas into tools that can be used in real-life wealth building. Stability Supports Success: A calm and steady nervous system is important when handling new wealth. Without emotional stability, people may make impulsive or harmful financial choices. Imagination Shapes Outcomes: A clear and focused imagination helps define goals. When you can picture the future you want, it becomes easier to make decisions that move you toward it. Act With Clear Intent: When actions are guided by stable emotions and strong intent, efficiency increases. This allows you to use both natural intelligence and digital tools more effectively. Chapters: Timestamp Summary 0:00 Harnessing Intelligence Flow for Successful Investing 5:25 Balancing Wealth and Nervous System Stability for True Security 9:08 Training Your Nervous System for Success and Stability 17:59 Aligning Action and Feedback for Personal and Professional Growth 29:01 The Power and Limitations of Artificial Intelligence in Society   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

    32 min
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4.9
out of 5
28 Ratings

About

Money can be stressful, but it doesn’t have to be! This podcast is about helping people understand their finances and make smart choices for their future.

Information

  • Creator
    Phillip Washington Jr.
  • Years Active
    2018 - 2026
  • Episodes
    250
  • Rating
    Explicit
  • Copyright
    © Copyright 2023 All rights reserved.
  • Show Website
    Wealth-Building Made Simple