Wealth Well Done

Wealth Well Done

By With Eric ScovillBusinessInvesting
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Wealth Well Done episodes

  • E82: Fasting for Body, Mind, and Spirit with Dr. Jake Hansen

    Can fasting and grounding truly transform your health? Dr. Jake Hansen joins Eric Scovill to discuss the profound impact of these practices, blending biblical insights with scientific evidence. Discover how fasting not only purifies the body but also enhances spiritual well-being, and learn the surprising benefits of grounding for mental and physical health.

     

    Dr. Hansen shares compelling stories and studies, including the remarkable effects of intermittent fasting on conditions like diabetes and cancer. He also sheds light on the controversial topics of vaccines and food quality, urging listeners to scrutinize what they consume for better health outcomes.

     

    This episode is packed with practical advice and thought-provoking discussions, offering listeners a chance to rethink their approach to health and wellness. Whether you're curious about the science behind these practices or seeking spiritual growth, this conversation provides valuable insights to guide your journey.

     

    0:00 Introduction

    3:16 Exploring health impacts of grounding and fasting

    8:31 Spiritual and physical benefits of fasting

    13:39 Scientific perspective on fasting

    17:28 Understanding grounding

    24:19 Evaluating organic food choices

    26:37 Closing thoughts and future discussions

     

    Resources Mentioned:

     

    Ketone test strips

    Abundant Mind podcast

    Dr. Jake Hansen's website

     

    Follow Dr. Jake Hansen

    Instagram

    LinkedIn

     

    28 min
  • E81: Today's Unique Health Crisis with Dr. Jake Hansen

    Today’s health crisis is not just physical—it’s a spiritual challenge for an entire generation. Host Eric Scovill is joined by Dr. Jake Hansen, who shares eye-opening insights from his practice that reveal the alarming trend of undeveloped spinal curves in children and its broader implications. Discover how the pervasive use of handheld devices is reshaping not just our necks but potentially our connection to faith and family. Tune in for practical strategies to counteract these effects, as well as overall encouragement for looking to Christ in all things!

     

    0:00 Introduction

    2:33 Building connections through faith

    5:27 Jake's unique background explained

    13:42 Impact of forced medical decisions

    18:43 Alarming statistics on spinal health

    23:28 Spiritual implications of physical health

    30:49 Practical tips for a better spine

    37:05 Thoughts on living like Christ

     

    Resources:


    The Abundant Mind Podcast

    Restoration Chiropractic

    Dr. Jake Hansen's website

    Superbook

    BibleSocks


    Follow Dr. Jake Hansen
    Instagram

    LinkedIn

    39 min
  • E80: Being Faithful With Your Business with Josh Fonger

    Is your business really yours...or is it His? There are two types of Christian professionals: those trying to do business in the world, and those inviting God to transform their work into a vessel for His eternal kingdom. It doesn't matter what industry you're in–if you hand God the keys to your business, He will use it in greater ways than you ever could. 

     

    In this part two episode, host Eric Scovill returns with Josh Fonger, founder of Fouth Soil Ventures, to discuss this profound shift in perspective that leads to long-term success. Together they discuss the power of aligning business practices with biblical values, the importance of prayer over fear, and the art of waiting on the Lord for strategic decisions. Whether you're a business owner or an employee, find out how to integrate your faith into your work and be a light in the marketplace.

     

    0:00 Introduction

    1:49 Aligning business with faith

    10:03 Strategic patience in business growth

    23:53 Networking and marketing with a Christian ethos

    30:30 Integrating faith into professional life

    33:47 Ideal clients for faith-driven business coaching



    Resources Mentioned:

     

    Fourth Soil Ventures

    35 min
  • E79: Kingdom-Minded Business Consulting with Josh Fonger

    How does your faith inform your business operations? Aligning your work with biblical principles could transform not just your bottom line, but your entire approach to leadership and growth. Join me as I welcome Josh Fonger, founder of 4th Soil Ventures, who shares his journey from real estate to faith-driven business consulting. 

     

    Josh reveals how the parable of the four soils inspired his mission to help companies multiply their impact by honoring God in every aspect of their operations. Discover Josh’s “100 Fold Framework,” a unique approach to integrating biblical wisdom into business strategy, and hear real-life examples of how this has helped companies thrive.

     

    0:00 Introduction

    1:12 The meaning behind the company name

    4:27 Embracing faith in entrepreneurship

    8:03 Encouragement for those feeling misaligned

    12:03 The 100 Fold Framework

    15:29 Balancing business growth and spiritual priorities

    20:24 The power of prayer in decision-making

    24:40 Seeking genuine counsel and avoiding false comfort

    27:47 Preparing for economic changes

    31:42 Encouragement for ongoing spiritual and business battles

    35:37 Conclusion and preview of next episode

     

    Resources Mentioned:

     

    4th Soil Ventures

    The Parable of the Four Soils

    Michael Heiser's "The Unseen Realm"

    1 Kings 22: Story of Micaiah and King Ahab

     

    37 min
  • E78: Aligning Your Dollars With Your Values

    In this episode of Wealth Well Done, Eric Scovill discusses the significance of biblically-responsible investing. You’ll discover how to “vote with your dollars” and identify which investments might be working for or against your values. Eric shares resources that will equip you to align your investments with your faith, rather than blindly investing in index funds. With a call to vigilance through continued prayer and fasting, you’ll leave this episode feeling equipped and encouraged to continue pursuing godly values in your finances, your politics, and beyond.

     

    0:00 Intro

    5:09 Economic Concerns

    10:18 Investment Ethics

    15:27 Screening Investments

    20:36 Investment Strategies

    25:45 Biblically Responsible Investing

    27:18 Belief and Miracles

     

    Resources:


    Partners for Ethical Care

    Inspire Insight

    American Conservative Values ETF

    Seek Invest (launching soon)

    Envoy Financial (Andrew Barlow)

    Blue Trust

    30 min
  • E77: Stewarding Wealth Across Generations - Preparing Your Heirs for Inherited Wealth

    Look deeper than the technical details of estate planning and explore the biblical principles that should guide how we transfer wealth to the next generation. 

    Far too often, estate plans focus solely on tax strategies and asset protection, without considering the spiritual and relational impact on heirs. But the Bible warns against simply handing down wealth without also passing down wisdom.

    Listen as your host, Eric Scovill, unpacks practical ways to ensure your estate planning aligns with godly stewardship, cultivates responsibility in your heirs, and prepares them for the burden and privilege of inherited wealth. 

    [00:00] Introduction

    [02:38] Revocable living trusts and their benefits

    [06:30] Irrevocable trusts and their tax implications

    [12:50] Generation-skipping trusts and QTIP trusts

    [18:14] Community property and per stirpes vs. per capita

    [24:27] Step-up in basis and its political implications

    [27:57] Biblical considerations in estate planning

    [33:47] Seeking financial counsel from the Bible

    38 min
  • E76: Essential Estate Planning Insights for Protecting Your Family's Future

    Safeguard your family's future by learning about the essential elements of effective estate planning in this episode. Discover the importance of selecting the right guardians and trustees to carry out your wishes, and learn about strategically timing asset distributions to your beneficiaries. Eric also discusses the value of crafting a personalized cover letter to communicate your core values and desires.

    [00:00] Introduction

    [03:03] Estate planning and establishing a living trust

    [08:18 ] Selecting guardians and trustees to carry out your wishes

    [11:02] Timing asset distributions to your beneficiaries

    [15:04] Crafting a personalized cover letter to communicate your values

    [17:48] Sample cover letter of a trust

    [25:30] Things to consider when establishing a trust

    [27:52] Sample calculations to determine appropriate trust funding

    35 min
  • E75: Navigating Wealth and Faith From a Biblical Perspective

    Are your finances aligned with God’s word? In this episode, Eric Scovill explores some biblical teachings on wealth and faith. He challenges us to reflect on the true meaning of belief, the role of works, and the call to a deeper level of discipleship. Explore topics like the parable of the great banquet and the importance of loving God and neighbor. Listen now and let's grow together in our understanding of biblical stewardship. 

    [00:00] Introduction

    [02:35] How finances can be a measure of the heart

    [05:12] Statistics and biblical teachings on Christian giving

    [08:47] The concept of belief and works

    [14:55] The role of fear and reverence in faith

    [19:00] The danger of over-simplifying our faith

    [25:00] The role of repentance and relationship with God

    [31:28] The importance of loving God and our neighbors

    Resources Mentioned:

    The Treasure Principle by Randy Alcorn

    37 min
  • Wealth Wisdom: Tax Strategies for Business Owners and Investors

    Taxes are one of the biggest expenses for business owners and investors. In this episode, we'll discuss strategies you can legally use to reduce your tax bill and keep more of the money you earn. We'll cover retirement accounts and how to maximize tax benefits, depreciation, and how real estate investors can lower their taxes, as well as tax credits and incentives for business owners. Learn how to partner with the IRS using legal tax loopholes and how to select a tax professional to help you implement strategies.

    Here are some topics from today’s discussion:

    • The compound impact of taxes on your wealth
  • How to qualify and select a CPA
  • How to use the Augusta loophole
  • How to partner with the IRS
  • Roth IRA vs. traditional IRA 
  • The 1031 exchange
  • How to use accelerated depreciation
  • How to use bonus depreciation to offset taxes
  •  

    Episode Highlights:

    [02:46] The Compound Impact of Taxes on Your Wealth

    Effective tax planning can have a significant impact on your wealth. For instance, by reducing your taxable income from $600,000 to $50,000 and owing $50,000 in taxes instead of $200,000, you would have an extra $150,000 available for investment. Over time, compounding this additional amount at a growth rate of 12% can significantly boost your long-term net worth. Smart tax strategies and strategic investments can make a massive difference in securing your financial future.

    [06:07] Qualifying and Selecting a CPA: Strategies for Business Owners, Real Estate Investors, and Philanthropists

    1. Determine the Expertise Quality: When considering hiring a Certified Public Accountant (CPA), it's important to recognize that the expertise level can greatly impact both the service quality and the overall cost. To ensure you find the right CPA for your needs, take the time to qualify them through an interview-like process.
  • Assess Proactivity: One way to evaluate a potential CPA is by understanding their approach to proactivity. Discuss with them how involved you and your financial team realistically plan to be and inquire about their go-to strategies for business owners, real estate investors, and philanthropists.
  • Explore Philanthropy Strategies: If philanthropy is of interest to you, bring up the topic during the meeting with the CPA. They may introduce the concept of "bunching," which involves maximizing deductions by combining charitable contributions into a single year to surpass the standard deduction threshold. For example, instead of donating $15,000 to a charity each year, consider giving $30,000 every other year, taking advantage of higher deductions.
  • Gift Appreciated Assets: Another strategy to discuss with your CPA is gifting appreciated assets instead of cash. By donating appreciated assets, such as stocks or property, you can increase your deduction while avoiding capital gains tax. This allows you to give more to the charity while reducing the government's share.
  • Choosing the right CPA who understands your unique needs and can provide expert guidance on tax strategies specific to your situation is crucial for maximizing your financial outcomes. Make sure they are familiar with strategies specific to your situation, like S corps for business owners or opportunity zones for real estate investors. Finally, consider how up-to-date they are on the latest tax laws and incentives. An experienced CPA should stay on top of changes in the tax code.

    [34:19] How to Use Bonus Depreciation to Offset Taxes

    Bonus depreciation allows you to take upfront depreciation on passive income, potentially offsetting passive gains with large passive losses. If you can't fully utilize the passive loss in one year, it can be carried forward to future years. However, if you have real estate professional status, you can convert the passive loss into an active loss, offsetting active income instead. This allows you to reduce taxes at a higher rate compared to offsetting passive gains.

    Resources Mentioned:

    Nth Degree CPAs

     

    39 min
  • E74: Exploring the Depths of Praying in Jesus' Name

    Have you ever wondered about the true meaning and power behind praying "in Jesus' name"? In the latest episode of the Wealth Well Done Podcast, Eric Scovill is joined once again by Pastor Isaac Schafer as they dive deep into the biblical concept of "name theology" and what it means to align our prayers with the character and will of Christ. Take this challenge to move beyond the mindless repetition of these words and truly understand the weight and significance they carry.

    [00:00] Introduction

    [03:46] Biblical references and challenges to salvation

    [09:25] How salvation is evidence of our love for Yahweh

    [14:47] The power and meaning of  “in Jesus’ name”

    [18:11] Understanding the name theology

    [23:45] How to pray in Jesus’ name

    [28:32] Praying in accordance to who Jesus is

    [35:39] A prayer for listeners

    37 min

About Wealth Well Done

From the publisher's feed

You’ve heard the narrative that the super wealthy don’t pay taxes and the rich keep getting richer. Unless your net worth has reached family office status, you likely don’t have access to understand how they do it.