The Weekly Wealth Podcast

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 [email protected] or simply visit www.weeklywealthpodcast.com/schedule-a-chat

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:

1. Cash Value accumulation.
2. Long term care/critical illness protection.
3. Funding of BUY/SELL agreements.
4. 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 [email protected] OR go to Schedule a Chat (weeklywealthpodcast.com)

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

Author and long time Money Coach, Mikelann Valterra discussed:

1. Money has the power in our lives to give us better lives.
2. The Money FOG stems from our experiences as children.... our childhoods shaped our beliefs about money.
3. Our money beliefs can create forms of financial self sabatoge.
4. 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 [email protected] with any questions.

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

Firstly we explained:

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

Then we jumped into:

1. 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.
2. Do not borrow the most amount of money for your mortgage than a bank will lend to you.
3. Do not borrow the most amount of money for your vehicle(s) that a bank will lend to you.
4. Think long and hard before borrowing money to pay for a degree.
5. Mindless debt accumulation can happen very easily. Guard against it.

Email [email protected] 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

In this episode we discuss the origins and purposes of the show.

Email [email protected] with any questions.

Visit www.weeklywealthpodcast.com/contact to set your appointment time

go to www.weeklywealthpodcast.com/valuebuilderscore to learn how to increase the value of your business.

Scott Royal Smith is an educator, investor, and attorney who helps business owners to protect their assets.

We discuss:

1. Ways to protect your company from lawsuits.
2. Being the CEO of your own WEALTH company.
3. Protecting yourself from creditors.

Visit Royal Legal Solutions to learn more about Scott and his company.

David Chudyk can always be reached for question via email [email protected]

CLICK HERE to download The 8 Drivers of Business Value.

CLICK HERE to take the VALUE BUILDER ASSESSMENT.

Schedule time to speak with David by visiting www.calendly.com/davidpf

Licensed Family Therapist, Thomas Castro talks about:

1. Eliminating the need for our partners to act differently in order for us to be happy.
2. In order for us to HAVE different relationships we need to DO different things.
3. How improve the influence in our relationships by framing things differently.
4. increasing the touch factor.

Learn more about Thomas Castro by visiting theshinecampus.com

David Chudyk, Certified Financial Planner(tm) can be reached by emailing [email protected]

For the business owners...

Take the Valuebuilder assessment at www.weeklywealthpodcast.com/valuebuilderscore

Download "The 8 Drivers of Business Value" EBOOK

www.weeklywealthpodcast.com/drivers

If you are at the point in your career where considering the exit of your business, these are some factors that should be considered:

1. Ask yourself if you are ready to sell the business.
2. Know what your business is worth.
3. Prepare financial records and reports.
4. Understand market conditions.
5. Explore legal and tax implications.
6. Consider what will happen to your team if you sell.

Get your VALUEBUILDER SCORE:

www.weeklywealthpodcast.com/valuebuilderscore

Take the PRE (personal readiness to exit) questionnaire:

www.weeklywealthpodcast.com/prescore

email [email protected] with any questions

To learn more about COLLINS CHILDREN'S HOME, please visit www.collinschildrenshome.org

and check out their AMAZON WISH LIST!

1. Healthcare Costs: Rising medical expenses and long-term care costs.
2. Income Security: Limited earning potential due to retirement.
3. Inflation: Impact on fixed incomes, especially with pensions and savings.
4. Estate Planning: Managing wills, trusts, and legacy concerns.

1. Homeownership: Many own their homes outright.
2. Savings: Tend to have savings and investments from a lifetime of work.
3. Social Security Benefits: More robust and reliable for this generation.
4. Traditional Values: Strong saving habits and aversion to debt.

1. Retirement Readiness: Many are underprepared for retirement.
2. Healthcare and Longevity: Managing healthcare costs with increased life expectancy.
3. Supporting Adult Children: Financial strain from helping adult children.
4. Market Volatility: Impact on retirement savings and investments.

1. Home Equity: Significant equity in real estate.
2. Retirement Accounts: Benefited from employer-sponsored retirement plans.
3. Wealth Accumulation: Generally, this generation has accumulated wealth.
4. Work Experience: Valuable professional experience and networks.

1. Sandwich Generation Stress: Balancing support for aging parents and own children.
2. Retirement Savings Shortfall: Less time to save for retirement compared to Boomers.
3. Job Market Instability: Affected by economic downturns and restructuring.
4. Housing Market Fluctuations: Impacted by highs and lows in real estate.

1. Peak Earning Years: Generally in a high-earning phase of their careers.
2. Technological Adaptability: Comfortable with digital and traditional platforms.
3. Diverse Investment Opportunities: Access to a variety of investment tools.
4. Homeownership: Majority are homeowners, building equity.

1. Student Loan Debt: Burdened with high levels of educational debt.
2. Housing Affordability: Challenges in affording and buying homes.
3. Job Market and Career Growth: Navigating a changing job landscape.
4. Retirement Planning Uncertainty: Concerns about the future of social security and pensions.

1. Tech-Savvy: Proficient with technology and digital finance tools.
2. Higher Education: Tend to be the most educated generation.
3. Adaptable: Flexible and adaptable to changing job markets.
4. Social and Environmental Consciousness: Value-driven investing.

1. Economic Uncertainty: Entering workforce in a volatile economy.
2. Education Costs: Concerns about affording higher education without accruing massive debt.
3. Job Market Readiness: Preparing for jobs in a highly digital and competitive market.
4. Global Issues: Concerned about how global challenges (like climate change) will impact their future.

1. Digital Natives: Extremely comfortable with digital and emerging technologies.
2. Early Financial Awareness: More aware of financial planning and investing at a younger age.
3. Entrepreneurial Spirit: More likely to start businesses or engage in side hustles.
4. Socially Responsible Investing: Keen interest in sustainable and ethical investments.

#millenial #genz #genx #boomer

Email [email protected] with any questions.

Visit www.weeklywealthpodcast.com

Former financial advisor, April Roberts talks about how FIXED mindsets can either help or hurt us in our journeys to success.

Make sure to learn more about April via:

www.vixengathering.com/link-tree

Listen to THE VIXEN VOICE PODCAST www.vixengathering.com/podcast

David Chudyk can be reached via email:

[email protected]

Don't forget to visit www.weeklywealthpodcast.com

CLICK HERE to download your FREE copy of The EIGHT KEY DRIVERS OF COMPANY VALUE