Welcome to the Wealthy Wellthy™ Life. We are committed to bringing you the very best research, hacks and world-renowned experts in money, health, and happiness. We want to change the world. Our intention is to create a movement that wakes you up to something more…to help you create extraordinary wealth and health…to live the Good Life.
How Much "Junk" Do You Value That Separates From Your Big Ambitions?
In today’s episode, Krisstina chats with Erin Pheil. Erin breaks down what it is to have “junk value”. The definition of this is described as defining a big goal but not really knowing or understanding the ‘why’ behind it. She gets even deeper into sharing how many entrepreneurs are actually driven by fear. Fear of not being enough. Fear of being poor. Fear of any kind!
The Horrors of Not Having a Will & Estate Plan w/Steven Goodman
In today’s episode, Krisstina interviews Steve Goodman. Steve is an expert in business succession planning and estate planning. His knowledge and first-hand experience are exactly what we all need to better understand the importance of planning out our finances for the future. It doesn’t matter if you’re a small or big business; making thousands or millions— we all have the responsibility to tackle such major decisions.
The Good Kind of Gain w/ Trent LaMonica
In today’s episode, Krisstina interviews Trent LaMonica. Trent is a financial adviser and he helps his clients create an investment plan for achieving their long-term financial goals.
Krisstina and Trent dive into the conversation on how to make your money sprout like this is the last spring season!
Here’s one last little nugget for you to carry for the day: “You should always take pride in your work. No matter what it is.” Trent LaMonica (34:10).
Do you have Home Equity you wish to use for investing? W/ Matthew Sullivan
Have you ever heard of Shared Equity? Well, neither had I until I talked with this week’s guest, Matthew Sullivan.
If you are like me, you have a decent amount of home equity locked into your home with no easy way to access that cash that could be put to better use.
The traditional means to try to access the cash -- through a HELOC or Cash-out Refi -- comes with a lot of hassle (sending in all of your financials and the blood of your firstborn) to the mortgage bank. You have to qualify all over again just to get what’s yours out of an asset you own. And, it comes at the cost of adding more debt to your balance sheet along with a higher monthly payment.
What if I told you that you could access that equity without having to re-qualify and without having to take on more debt and respective debt payments?
This innovative way to tap into your equity is called a Home Equity Agreement. Instead of taking on debt, you share the future equity as a means to access your cash. Since it’s equity and not debt, there is no loan, no monthly payments, and no interest payable. The Home Equity provider banks on your property going up in value and they share in those gains with you when you sell your house.
The Home Equity Agreements (HEA) might be interesting to an Investor as well. Through a HEA, an accredited investor could invest in a house that they do not own.
If I’ve piqued your curiosity, then you’ll wish to listen to this episode. I learned about an emerging new field that I’d never heard of before when it comes to home finance. So, if it’s new to me, I’m guessing it’s new to you as well. And, since you’re like me, you LOVE to learn new things :).
Matthew Sullivan is the founder and chief executive officer of QuantmRE and the founder of Crowdventure.com. Matthew spent a number of years working alongside Richard Branson and the Virgin corporate finance team in London, UK.
In this conversation, we run through scenarios and talk everything about home equity.
* Traditional Types of Home Equity.
* How he stumbled across the concept of shared equity
* How a Home Equity Agreements is different from the more traditional options.
* We walk through the process a homeowner would take to capitalize on this
* How much money might be on the table for you
* What the setup fees look like
* What Risks a Homeowner Might Encounter
* How you could become an investor in this growing sector
* How he wants to incorporate BlockChain technology into his business
* The potential pitfalls and rewards of being an investor in this sector.
A Life Worth Living W/ Matt Gersper
On a scale from 1-5, how happy are you? 1 would mean flat-out depressed most days. 3 is living the status quo. And, 5 means you are living your good life and wake up fulfilled and happy (most days, anyway!).
If you are between 1 and 3, the question to ask oneself is WHY? What is the source or circumstance that is (or at least appears to be) the “cause” of life of so-so (at best)?
If you are less than a 4 -- what if I told you that there is a Happiness Formula? That by following the code, you could pretty quickly and easily push up your score.
Let’s give a couple of tenants of happiness a practice. Assuming you are less than a 4 -- try these:
Create a Happy Mental state via a Deliberate Physical Action Deliberately Smile (until you feel Happy) Observe a Physical Action that can come via a Deliberate Mental State Think to yourself, “I’m Happy,” (until you Smile)
In this episode, I interview Matt Gersper. Matt literally wrote the book on “how to live a happier life” based on a Happiness Quotient that he assembled after studying happiness for many years. He witnessed the uncommon level of happiness in others who lived by this formula. And discovered for himself that it works! He is now a self-proclaimed happy person!!
And, I proclaim the same. I met Matt at a Paleo f(x)™ conference. Before I knew what he did, my thought upon meeting him was “wow, that guy is happy!” When I quickly learned he authored a book on happiness, I was immediately curious … “what secret does that guy know that the rest of us do not …”
To find out his secret I asked him to be on the Wealthy Wellthy podcast -- since the mission of my company is to help others architect a healthy, happy, and fulfilling life.
So, if you wish for a little more happiness, no matter where you are on the scale -- you’ll wish to listen in.
Here are a few threads we explore:
- How Matt Found Happiness
- The Happiness Formula
4-elements of Happy
- How Money Doesn’t Buy Happiness
- How Money Can Be A Amplifier
- Can Healing & Money Co-Exist?
- Finding Purpose & Passion
197 - Crypto 101 - The Cryptocurrency Beginner’s Tutorial! W/ Boris Peysakhov
Are you curious what question I get asked most these days is? “Krisstina, what do you think of Cryptocurrency?” 6 months ago I was rarely asked this question.
You’d have to live under a rock to not know that Cryptocurrency, especially Bitcoin, has been exploding. That, had you purchased one coin a year ago at $3000, you’d see that investment being worth about $40K today. So, where historically Bitcoin and cryptocurrency has been something we’ve known exists, it’s seemed to be of little consequence so we paid no attention to it. Well, it now has our attention!
Why has Crypto, out of nowhere it seems, skyrocketed in price and therefore awareness?
There are many complex reasons that are above my pay grade. To sum those explanations up into one ‘at the end of the day’ reason is that major institutional investors with millions and billions of dollars, who have never before invested in the blockchain, are now moving their fiat currency (government-backed) to this new land of opportunity. The sentiment has become, “if those smart cookies are moving their money there, well, maybe I should too.”
What is cryptocurrency in a nutshell and is it safe?
It is a newer way of decentralizing our financial system that allows for full transparency. “Decentralized” meaning there is no central authority that manages the records or has any say in the network. The government-controlled US dollar is reaching record highs of inflation and devaluation. Old forms of retirement funds and investments are becoming less and less reliable as a way of saving for your future.
So, for those who see the current financial system as fragile due to the current state of affairs (printing dollars like monopoly money), crypto is fast becoming the new marketplace to transact and store money (among many other cool things).
As a result, it’s becoming easier and easier to transact using a token like bitcoin. Payment processors such as Square’s Cashapp and Paypal give the option to buy and sell bitcoin in their apps. These bigger institutions are starting to recognize that cryptocurrency is here to stay and they don’t want to miss the boat.
Blockchain technology is considered radically disruptive in that it has the capability to transform every trust-based interaction of our lives, from financial services to identity, from health care to our election system. There are endless possibilities for the framework that cryptocurrency is built around. So, blockchain technologies are considered highly disruptive and expected to radically change life as we know it. Like trying to remember the day pre-internet, there will be a day in the not so far away future where we’ll try to remember life before cryptocurrency.
What about cryptocurrency as an investment?
Cryptocurrency may become a leading place to steer investment dollars. If you ask my Crypto-genius friends they wholeheartedly believe that the BlockChain and Cryptocurrency IS the future. It’s just a matter of time. And where it was believed to be a way out, it’s now believed that the time is now.
What is the difference between Blockchain and Cryptocurrency?
This was one of my first questions when I was trying to understand the basics of this new landscape. The two terms were often conflated and used interchangeably which caused me to think they were the same thing. One doesn’t really exist without the other, but they are different. To over-simplify, think of Cryptocurrency as “virtual money”. It’s considered a digital asset that functions as a medium of exchange (like cash in digital form). The “technology” behind the cryptocurrencies are called Blockchains -- which serve as a shared ledger that records all transactions and is controlled by a global network of computers (not people).
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If you’re looking for tips on how to handle your money, aspiring toward greater health and wealth, or looking for lessons in impactful money stories - hit the subscribe button! Wealthy Wellthy has a great lineup of guests and each episode features actionable tips and invaluable insights. Krisstina is an excellent host who engages her guests in really interesting conversations. Definitely recommend listening and subscribing to this empowering podcast!
The Wealthy Wellthy Podcast by Krisstina Wise never disappoints! There never seems to be a moment when I’m not learning with Krisstina and her podcast. For those of you who are scrolling by—or have heard about Krisstina’s program—and implore that you give her a listen.
Great stuff Krisstina, and excited for the next one—as always!
Amazing Content and Guests
Wealthy Wellthy Podcast is an amazing resource of news that might be harder to find or buried. She is explores the counter culture and people that are making a difference. The one of the recent episodes with Sam Horn is a true instructional of how to write a book with a proven formula. The wealth of knowledge is simply staggering. The tribe she is creating is something to watch .