Building wealth through hard work can feel tougher than ever these days!

On the latest episode of Your Money & A Cup of Joe, we’re looking at the wealth creation strategy of building a personal brand and how it can potentially be instrumental to the success of professionals, entrepreneurs and others.

This episode is bound to leave you with some key takeaways for your own personal brand and how you can leverage it to enhance your ongoing business strategies.

Chapters:

0:00 - Introduction and overview on the topic of the day

1:32 - What is a personal brand?

2:39 - The benefits of leveraging a great personal brand

3:43 - Is a personal brand a necessity or simply 'nice to have'

4:50 - Where to begin when creating a personal brand

6:20 - The three components of a powerful personal brand

8:08 - The experience of your personal brand

9:04 - The results associated with leveraging your personal brand

10:21 - Developing a personal brand is an ongoing process

12:04 - How to get in touch with Joe and his team

13:01 - Closing remarks

Connect with Joe Calao:

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Family banks are a tool that some very wealthy families use for a number of reasons, and they’re increasingly being adopted by more and more families across the net worth spectrum.

On the latest episode of Your Money & A Cup of Joe, we’re looking at whether family banks could be a smart move for you and your family's financial world.

Chapters:

0:00 - Introduction and overview on the topic of the day

1:05 - What is a family bank?

1:51 - The types of initiatives that family banks can fund

2:53 - How a family bank can support a family member and build up financial responsibility

3:47 - How a family bank can help a family member with a business-building desire

5:08 - Why family banks are such formal entities

6:46 - Family banks are meant to be customized to fit the needs of the family

8:23 - Family banks are not exclusive to the extremely wealthy

9:28 - How to set up and 'run' a family bank

11:11 - How to get in touch with Joe and his team to discuss this topic further

12:15 - Closing remarks

Connect with Joe Calao:

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Selling a business that you’ve worked to build for years or decades comes with an enormous number of considerations—not the least of which is easing the tax burden that accompanies a big sale.

On the latest episode of Your Money & A Cup of Joe, we’re looking at four ways business owners who sell their companies might mitigate taxes. Let’s dive in!

Chapters:

0:00 - Introduction and overview on the topic of the day

1:20 - Numerous strategies exist for mitigating taxes for business owners

2:28 - Transfer assets regularly over time

3:30 - Taking an installment approach to selling your business

4:28 - The risk associated with the installment approach

6:27 - Opportunity zones and how to leverage these

8:30 - Leveraging charitable remainder trusts to reduce your tax bill

11:01 - How can a business owner decide which strategy makes the most sense for them?

12:32 - How to get in touch with Joe and his team to discuss you and your business

13:08 - Closing remarks

Connect with Joe Calao:

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Simply having significant wealth doesn’t guarantee a great life. For example, inheritors often face a number of significant challenges at various points in their lives, including the years before they receive their inheritance as well as after wealth is transferred to them.

On the latest episode of Your Money & A Cup of Joe, we’re looking at some of the issues and hurdles that inheritors of significant wealth may need to overcome along with strategies aimed at addressing them successfully.

Chapters:

0:00 - Introduction and overview on the topic of the day

1:35 - Those who inherit family wealth face particular challenges

2:52 - Some of the pitfalls of dealing with family wealth

3:51 - Where to begin in navigating the challenges in wealth transferring

5:34 - Addressing bad spending habits or feelings of guilt alongside family wealth

7:10 - Begin developing your financial decision-making skills

9:12 - The emotionally challenging issues facing heirs during the wealth transfer process

11:31 - Becoming a good steward of family wealth

13:12 - Work with professionals you trust!

14:53 - How to get in touch with Joe and his team

17:06 - Closing remarks

Connect with Joe Calao:

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LinkedIn

As we move into 2024, there are countless learnings we can draw from how the market finished up in Q4 of 2023.

On this episode of Your Money & A Cup of Joe, we're analyzing the key highlights from Q4, as well as providing an outlook on how the market will continue to move in the new year. 

Chapters:

0:00 - Introduction and overview on the topic of the day

1:46 - A strong finish to 2023

3:53 - The large events worth recapping from 2023

5:33 - Portfolios recovering as a result of rising interest rates

6:58 - The market's forecast on where interest rates could go in 2024

9:22 - Considerations from the international markets

10:49 - Could there be a pullback?

12:09 - How the labor market and economy as a whole operated in Q4 of 2023

14:29 - Real estate and the notable conversations coming out of this sector

18:19 - Semiconductors and their influence on the tech market

20:20 - How home improvement and home furnishings have changed

21:14 - How cruise ships and the leisure sector has improved

23:27 - The outlook on energy in 2024 and their rates of change

26:31 - How to get in touch with Joe and his team

26:58 - Closing remarks

Connect with Joe Calao:

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To be financially successful at any age, it’s important to be financially literate and know how to navigate foundational concepts and ideas about money. The earlier we can instill that knowledge in our kids, the better off they potentially could be.

On this episode of Your Money & A Cup of Joe, we’re examining how parents and grandparents can help their heirs, and maybe even themselves, become more financially literate.

Chapters:

0:00 - Introduction and overview on the topic of the day

1:28 - Where we stand in terms of understanding core financial concepts

2:23 - The state of financial literacy in the United States

3:34 - What's causing these low levels of financial literacy

4:26 - What parents can be doing to boost financial literacy among younger generations

5:19 - What children should be focusing on to build financial literacy levels

8:13 - Some next-level financial concepts to focus on

11:31 - How parents can make these topics and conversations more engaging for kids

15:10 - We all could stand to boost our own financial literacy

16:30 - How to get in touch with Joe and his team

17:41 - Closing remarks

Connect with Joe Calao:

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LinkedIn

One mistake that can be so easy to make is to focus on just one aspect of our financial life. In doing so, we can miss opportunities as well as take on unnecessary levels of risk.

On the latest episode of Your Money & A Cup of Joe, we’re going to explore a way to avoid that problem and address the full range of financial concerns using wealth planning.

Chapters:

0:00 - Introduction and overview on the topic of the day

1:20 - How Joe defines wealth planning and what it does for people

2:28 - One critical tool that is common among wealth planning

4:00 - The types of trusts that exist within wealth planning

5:12 - How Life Insurance has become such a common tool within wealth planning

7:37 - How wealth planning addresses the concerns of business owners and their families

8:46 - Aspects of wealth planning beyond the technical components

9:34 - Flexibility, discretion, transparency

11:49 - Cohesiveness, risk adversity and cost-effectiveness

14:04 - How to get in touch with Joe's team to discuss wealth planning

15:22 - Closing remarks

Connect with Joe Calao:

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LinkedIn

Even if you’ve done excellent planning for your golden years, it’s possible to make mistakes once you’re in retirement that can prove to be costly.

On the latest episode of Your Money & A Cup of Joe, we’re examining some of the big mistakes that retirees tend to make—along with potential solutions and, even better, ways to avoid making them in the first place.

Chapters:

0:00 - Introduction and overview on the topic of the episode

1:22 - People don't pay enough attention to the financial risks faced after they retire

2:55 - The common mistakes that can derail retirement plans

5:34 - The idea of "avoiding" money talks with family members

7:20 - Mistakes surrounding your retirement income

9:50 - Don't make investing your new part-time hobby

11:28 - Concerns popping up in the last 15-20 years

14:09 - How to combat scammers

16:10 - Retirement should be enjoyed, but you shouldn't go into auto-pilot with your finances

17:20 - How to get in touch with Joe and his team

17:40 - Closing remarks

Connect with Joe Calao:

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LinkedIn

A stress test is a process that can help you decide if one or more of your wealth planning strategies needs to be revised or even replaced. It can also help you assess new solutions you’re considering implementing.

On the latest episode of Your Money & A Cup of Joe, we’re examining everything that goes into a stress test and how you can leverage one to achieve your financial goals.

Chapters:

0:00 - Introduction and overview on the topic of the day

1:40 - The need to regularly assess the financial advice you receive

3:00 - The two reasons people conduct stress tests

4:56 - The best practices of leveraging a stress test

5:58 - Advice on how to make sure a stress test is conducted well

8:04 - The technical characteristics you should be looking for in your wealth manager

11:21 - Areas that can be overlooked when conducting a stress test

14:44 - Is stress testing only reserved for the Super Rich

15:50 - How to connect with Joe and his team

16:15 - Closing remarks

Connect with Joe Calao:

Website

LinkedIn

Simply having significant wealth doesn’t guarantee a great life. For example, inheritors often face a number of significant challenges at various points in their lives—including the years before they receive their inheritance as well as after wealth is transferred to them.

On the latest episode of the podcast, we’re looking at some of the issues and hurdles that inheritors of significant wealth may need to overcome along with strategies aimed at addressing them successfully.

Timecodes:

0:06 - Introduction and overview on the topic of the day

1:29 - Those who inherit wealth face challenges that need to be addressed

3:51 - Where to begin with helping families navigating wealth transfer?

5:38 - You need to avoid poor spending habits!

7:20 - Action steps families can take to mitigate any wealth transfer challenges

9:10 - The emotionally challenging issues that face inheritors

11:19 - Smart methods for people becoming good stewards of their wealth

13:20 - Work with professionals you trust!

15:15 - How to get in touch with Joe and his team

17:07 - Closing remarks

Connect with Joe Calao:

Website

LinkedIn