In this episode, Dr. Cherry breaks down the financial challenges oil and gas executives face—like managing complex pay packages, stock units (RSUs), and big tax bills. He shares smart strategies to avoid tax surprises, protect wealth, and plan for a secure retirement.

Takeaways:
• Plan for tax hits
• Watch RSU timing
• Limit company stock
• Max out 401(k)
• Think long-term

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Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

In this episode, Dr. Preston Cherry breaks down why taxable brokerage accounts are a smart tool for building long-term wealth. While the word “taxable” might sound like a disadvantage, these accounts offer surprising benefits: flexible withdrawals, lower taxes on gains, and smart strategies like tax loss harvesting. They're also great for estate planning, giving your heirs a valuable step-up in cost basis. When used right, these accounts can play a powerful role in your financial plan.

Takeaways:
• Build long-term wealth
• Lower tax rates
• Withdrawal flexibility
• Offset investment losses
• Boost estate value

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Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

In this episode, Dr. Preston Cherry opens up the conversation Gen X needs to have—with their parents and grandparents. From healthcare decisions to family legacies, it’s time to stop avoiding the tough talks and start planning with heart and clarity. Dr. Cherry shares how to begin these discussions, what documents matter most, and why talking now can save a lot of confusion later. It’s not just about the money—it’s about meaning, values, and dignity.

Takeaways:
• Start the Talk Early
• Plan with Purpose
• Protect Family Legacy
• Secure Long-Term Care
• Keep Dignity Intact

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Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

In this episode, Dr. Preston Cherry breaks down two popular ways to invest: dollar cost averaging (investing smaller amounts over time) and lump sum investing (putting all your money in at once). He explains how emotions like fear and regret influence our choices, and why understanding your own goals and risk tolerance is key. Backed by real data, this conversation helps you figure out which strategy might work best for you.

Takeaways:
• Mindset matters
• DCA reduces risk
• Lump sum wins long-term
• Cash drag hurts returns
• Know your goals

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In this episode, Preston Cherry talks about how Gen X is facing big financial pressure from mortgage debt—especially as they near retirement. He shares smart, simple ways to tackle that debt early, like making extra payments or using surprise money (windfalls) to get ahead. He also warns against common mistakes and encourages being financially ready for retirement.

Takeaways:
• 38% Gen X in debt
• Debt-free = peace of mind
• Extra payments = big win
• Windfalls can help
• Don’t tap retirement funds

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In this episode,Dr. Preston Cherry shares why financial planning should go beyond just investments. Many people feel let down by traditional advice that doesn't reflect their real lives. He explains how the best financial plans connect your money with your goals, values, and well-being. At the heart of it all? Trust, understanding, and a big-picture approach.

Takeaways:
• Connect money + life
• Go beyond investing
• Clients want trust
• Advisors must listen
• Plan the whole picture

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In this episode, Dr. Preston Cherry dives into geographic arbitrage—how moving to a different state or country can stretch your income and improve your quality of life. Dr. Cherry covers key factors like retirement locations, managing Social Security and investments abroad, and handling taxes as a U.S. citizen overseas. Plus, the discussion highlights how cost of living, healthcare, and lifestyle choices play a big role in relocation decisions.

Takeaways:
• Retire richer by relocating
• Lower costs = higher income
• Social Security works abroad
• U.S. taxes still apply
• Healthcare costs vary

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In this episode, Dr. Preston Cherry challenges traditional budgeting and introduces reverse budgeting, a method that prioritizes personal values and guilt-free spending while ensuring financial security. He outlines a five-step approach: knowing your retirement number, automating finances, covering fixed costs, enjoying discretionary spending, and reviewing regularly. His approach emphasizes a holistic, flexible path to financial wellness.

Takeaways:
• Budgets can feel restrictive
• Reverse budgeting prioritizes paying yourself first
• Aligning money with values boosts well-being
• Guilt-free spending is possible
• Regular financial check-ins matter

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Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

In this episode, Dr. Preston Cherry dives into how the concept of wealth is evolving and why being a millionaire isn't what it used to be.

With inflation and rising living costs, the financial landscape has shifted. He shares key insights on income, net worth, and how to focus on your unique financial path rather than comparing yourself to others. Dr. Cherry also debunks wealth myths and offers practical strategies for long-term financial success.

Takeaways:
• $1 million isn’t enough anymore
• Only 10% of Americans are millionaires
• Inflation weakens money’s value
• Focus on your financial journey
• Define wealth beyond dollars

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In this episode, Dr. Preston Cherry breaks down the essentials of equity compensation—RSUs, ISOs, NQSOs, and ESPPs. He explains how taxes and behavioral biases can influence your decisions and offers smart strategies to maximize your equity benefits while avoiding common traps.

Takeaways:
• Know your tax impact
• Sell RSUs to cover taxes
• ISOs can lower taxes
• ESPPs offer discounted stock
• Plan ahead to win big

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Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/