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The Weekly Wealth Podcast

The Weekly Wealth Podcast

David Chudyk
Geschäft

Exploring the Mindsets, Tactics, and Strategies to help you to build and maintain wealth.

167 - Ep 164: The ONE financial question that you should be asking yourself.
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  • 167 - Ep 164: The ONE financial question that you should be asking yourself.

    A common misconception is that a Financial Advisor's job is only to invest his/her clients' money in a way that will get them the highest return possible. While investment management is important, it is only a part of the financial planning process.

    Another important job of a financial advisor is to help clients to identify risks and to take steps to mitigate the effects of the risks.

    In this episode, we talk about the CRUCIAL question that you should be asking yourself:

    "What are two are three things that if they happed (or maybe didn't happen) would cripple you financially?"

    Email David@parallelfinancial.com with your thoughts and questions.

    CLICK HERE to schedule your time with David Chudyk

    DOWNLOAD your COPY of ENDGAME by CLICKING HERE.

    Fri, 12 Apr 2024 - 15min
  • 166 - EP 163: The Art of Financial Harmony: Balancing Luxuries, Investments, and Philanthropy.

    Have you ever wondered why you have an abundance of resources, both financial and otherwise, yet there are so many others that are struggling?

    Have you ever wondered why you might have a nice car, yet others in your community are walking? 

    Have you ever wondered why you are not lacking in any material things, yet there are

    those in your community and in the world that are hungry everyday?

    When it comes to luxuries and giving, it's about finding joy in what we have and making choices that align with our values. Instead of a strict budget ratio, let's think about intentionality. Before indulging, ask yourself, "Will this truly add value to my life?" and "could the resources that I am spending on this luxury be a part of the greater good?”  Also, a good rule of thumb to follow is to give first.  If you give first, then use your money to plan and prepare for the future, most of us then feel much betterabout indulging in luxuries. 

    Another valuable exercise is to practice purposeful thankfulness.  When are acknowledge the blessings and gifts in our lives, it sometimes creates more generosity in our hearts, it sometimes reduces or eliminates a desire to indulge in luxuries, or it can even give us a the peace to know that it is ok in that point of our lives.

    If you have any financial questions, email david@parallelfinancial.com or simply visit www.weeklywealthpodcast.com/schedule-a-chat

    Fri, 05 Apr 2024 - 08min
  • 165 - Ep 162: Life insurance HACKS that you NEED to know.

    David Chudyk and Justin Sykes discuss non-traditional uses of life insurance. The most common use for life insurance (and a very important use) is for DEATH benefit protection. This provides a cash death benefit to a beneficiary when an insured dies. The death benefit is then, typically, used to pay family expenses.

    Other uses for life insurance are:

      Cash Value accumulation.Long term care/critical illness protection.Funding of BUY/SELL agreements.Providing revenue to a company if a key person passes away.

    To discuss how any of these concepts might fit into your financial situation, email david@parallelfinancial.com OR go to Schedule a Chat (weeklywealthpodcast.com)

    To get your Value Builder Score, visit www.weeklywealthpodcast.com/valuebuilderscore

    Fri, 29 Mar 2024 - 39min
  • 164 - Ep 161: Rise above the Money Fog.

    Author and long time Money Coach, Mikelann Valterra discussed:

      Money has the power in our lives to give us better lives.The Money FOG stems from our experiences as children.... our childhoods shaped our beliefs about money.Our money beliefs can create forms of financial self sabatoge.Money Guilt.

    To purchase Mikelann's book, visit Amazon.com: Rise Above the Money Fog: The Key to Confidence, Clarity, and Control Over Your Life: 9780979459795: Valterra, Mikelann: Books

    To learn more about Mikelann or to connect with her, visit her imformative website www.seatlemoneycoach.com

    To book your appointment with David Chudyk, CFP(r) visit www.weeklywealthpodcast.com/schedule-a-chat

    If you are a business owner, get your VALUE BUILDER SCORE by visiting www.weeklywealthpodcast.com/value-builder-score

    Email david@parallelfinancial.com with any questions.

    Fri, 15 Mar 2024 - 32min
  • 163 - Ep. 160: Mastering Your Money: Strategies for Credit Score and Debt Success

    In this episode we discuss the important topics of credit scores and debt.

    Firstly we explained:

      The basics of what a credit score is.The basics of how to improve your credit score.The basics of why your credit score has such a huge impact on many areas of your financial life.

    Then we jumped into:

      If you believe that "all debt is bad debt" and are striving to eliminate all of your debt, it might not make the most mathmatical sense, but it is much better than overleveraging.Do not borrow the most amount of money for your mortgage than a bank will lend to you.Do not borrow the most amount of money for your vehicle(s) that a bank will lend to you.Think long and hard before borrowing money to pay for a degree.Mindless debt accumulation can happen very easily. Guard against it.

    Email david@parallelfinancial.com with any questions. Visit www.weeklywealthpodcast.com/contact to schedule your time to meet with David Chudyk.

    if you are a business owner, get your VALUEBUILDER SCORE by visiting www.weeklywealthpodcast.com/valuebuilderscore

    Fri, 08 Mar 2024 - 21min
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