The Weekly Wealth Podcast

🎙️ The Weekly Wealth PodcastSpecial Guest: Jessica PierceIn this episode of The Weekly Wealth Podcast, host David Chudyk is joined by special guest Jessica Pierce for an insightful conversation around money, mindset, and making smarter financial decisions.Together, they explore how behaviors—not just numbers—play a critical role in long-term wealth, and how intentional choices today can create confidence and clarity for the future. Whether you’re just starting your financial journey or refining your strategy, this episode offers practical takeaways you can apply right away.🔑 What You’ll Learn in This Episode:Why financial success is driven by behavior as much as strategyHow to make more intentional money decisionsCommon mistakes that can quietly derail long-term wealthThe importance of aligning your values with your financial planActionable steps you can take this week to improve your financial confidence💡 Key Takeaway:Better decisions lead to better behaviors—and ultimately, better wealth.👤 About Our Guest:Jessica Pierce brings a fresh perspective to the conversation, sharing insights and experiences that help simplify complex financial topics and make them more approachable.📌 Don’t Forget:If you enjoyed this episode, be sure to subscribe, rate, and review The Weekly Wealth Podcast so you never miss a conversation designed to help you build a stronger financial future.

What if the biggest financial move you make in 2026 isn’t a Roth conversion or an investment pick—but fixing your marketing?In the first episode of 2026, Certified Financial Planner™ David Chudyk sits down with marketing strategist Katie Brinkley to unpack practical, non-cringey marketing strategies that business owners can implement right now—without dancing on TikTok or posting 42 times a week.This conversation is packed with real-world marketing advice, especially for Main Street businesses, professional service firms, and business owners who want more revenue without more chaos.🧠 What You’ll Learn in This Episode✔️ The real difference between marketing vs. sales (and why confusing them hurts revenue) ✔️ Why posting less—with intention—often leads to better results ✔️ How to market without being “goofy,” awkward, or inauthentic ✔️ What “going viral” actually means for a small business ✔️ Why podcasts are one of the best lead-generation tools available today ✔️ How to use email marketing (the most overlooked asset) effectively ✔️ Non-social-media marketing strategies that still work in 2026 ✔️ How consistency—not perfection—wins the marketing game⏱️ Key Topics & HighlightsWhy your business is your greatest wealth-building toolThe shift toward personal branding after COVIDHow to choose marketing strategies that match your personalityLunch-and-learns, workshops, and relationship-based marketingWhy algorithms shouldn’t control your entire growth planRepurposing content the smart way (without burning out)🎯 BONUS CONTENTYour brand isn’t what you say it is—it’s what other people perceive.Ask yourself:What do your clients think you do?What does your community say about you?Would your competitors describe you the same way you do?If those answers don’t align with your goals, it may be time to refine—or rebrand—your message.👩‍💼 About Our Guest: Katie BrinkleyKatie Brinkley is a marketing strategist, speaker, and founder of Next Step Social. She’s been helping businesses grow through social media since the days of MySpace and has led national strategies for brands like AT&T.She’s also the host of two podcasts:Rocky Mountain Marketing – expert interviews and practical strategiesMarketing Trends Now – weekly solo episodes on what’s changing right now👉 Learn more and connect with Katie: 🌐 https://www.katiebrinkley.com📞 Ready to Talk About Your Financial Vision?If marketing,...

Welcome to the first episode of 2026.In this episode of The Weekly Wealth Podcast, Certified Financial Planner™ David Chudyk shares 25 powerful lessons from 2025—lessons learned from working closely with business owners, high earners, and high‑net‑worth families.These lessons span three critical areas:• Business ownership & leadership• Personal finance & investing• Life, health, and perspectiveThis episode is designed to help you think better, behave better, and ultimately make better financial decisions in 2026 and beyond.SECTION 1: 8 LESSONS FOR BUSINESS OWNERS1. Profit is not a dirty word—it’s the purpose of business.2. Your business should survive if you disappear for 30 days.3. Complexity is the enemy of scale.4. Growth requires daily discomfort.5. Many businesses underprice their value.6. You can’t be everything to everyone—find your niche.7. Core values should be written, shared, and lived.8. Learn to say: “That’s not my job anymore.”SECTION 2: 9 PERSONAL FINANCE & INVESTING LESSONS• Many millionaires don’t look wealthy.• Financial margin matters.• Wealth is built through boring consistency.• Concentration can create wealth; diversification preserves it.• Know what you own, why you own it, and when you’ll sell.• Risk management matters more than chasing returns.• Roth vs pre‑tax decisions matter.• Tax preparation is not tax planning.• Estate planning can’t wait.SECTION 3: 8 LIFE LESSONS• Be a decent person.• Let go of what you can’t control.• Calories add up—health matters.• Find an exercise plan you’ll stick with.• Surround yourself with great people.• Avoid patterns that keep people stuck.• Choose empathy over judgment.• Faith, gratitude, and perspective matter.BONUS SEGMENTFocus on activities, not outcomes.You control the activity. Results take care of themselves.CALL TO ACTIONBook your 10‑Minute Wealth Vision Call:https://weeklywealthpodcast.com/visionDISCLAIMERThe information contained herein is for informational purposes only and should not be construed as an offer to buy or sell any security. Past performance is not indicative of future results.

📄 Episode DescriptionThe days after Christmas often bring a rare and beautiful pause—less noise, fewer obligations, and space to breathe. In this special abbreviated episode of The Weekly Wealth Podcast, Certified Financial Planner™ David Chudyk invites listeners to step away from budgets, to-do lists, and financial strategies to reflect on a different kind of wealth.This episode explores the qualitative side of wealth: rest, gratitude, contentment, and time with the people who matter most. It’s a reminder that true wealth isn’t just what’s on paper—it’s who’s sitting around your table.⏱️ Episode HighlightsWhy the week after Christmas is one of the most valuable times of the yearRest as a legitimate and powerful form of wealthWhy burnout leads to poor decisions—financial and personalHow thankfulness changes our relationship with moneyRecognizing everyday privileges we often overlookWhy time with family is the only asset that isn’t renewableLetting ambition pause—and giving yourself permission to restA special “permission slip” for contentment heading into the new year💡 Key TakeawaysRest isn’t laziness—it’s recovery, margin, and fuel for better decisionsMoney is a tool, not the goal; it’s meant to support a meaningful lifeGratitude reduces financial anxiety by shifting focus from scarcity to abundanceTime is irreplaceable—money can be earned again, but moments cannotThere’s value in recognizing when you already have enough🎁 Bonus Content: A Permission Slip for the SeasonAs the year winds down, David shares a powerful reminder: 2026 can be a year of ambition, growth, and big goals—but the rest of this year can be about contentment.Not complacency—but appreciation. Not slowing down forever—but resting without guilt.If you’re listening between Christmas and New Year’s, consider this your permission slip to pause.🙏 Final ReflectionWealth isn’t just measured by accounts and statements. It’s measured by connection, faith, relationships, and peace.This week, rest. Be thankful. Spend time with the people you love. There will be plenty of time to focus on the details soon enough.📢 Connect With the ShowFollow The Weekly Wealth Podcast on:InstagramFacebook

📌 Episode OverviewWhen people hear “investing,” they often think about hot stocks, market predictions, or timing the next big move. In this episode of The Weekly Wealth Podcast, Certified Financial Planner David Chudyk breaks down what truly matters: how your portfolio is structured, balanced, and managed over time.This episode isn’t about what to buy—it’s about why you own what you own, how different investments interact, and how intentional design can lead to better long-term outcomes, especially during market volatility.🧠 What You’ll LearnWhy portfolio construction matters more than picking the “right” investmentHow investors can own great investments but still get poor resultsThe difference between intelligence and structure in investingWhy most portfolios are built unintentionally—and the risks that creates📊 Key Concepts Explained 🔹 Alpha vs. BetaAlpha: Returns above what the market providesBeta: Exposure to market movement (upside and downside)Why many investors mistake higher risk for true outperformance🔹 Concentration RiskHow overexposure to one stock, sector, or employer can quietly build riskWhy diversification doesn’t just grow wealth—it helps preserve it🔹 Index Funds: Pros & ConsPros:Low costBroad market exposureSimplicity and transparencyLimitations:Full exposure to market downturnsNo built-in risk management or tax coordinationIncreasing concentration within major indexesIndex funds are powerful tools—but they are not a full strategy on their own.🔁 Correlation, Volatility & Real RiskWhy assets that look diversified can still move togetherThe difference between volatility (movement) and true risk (permanent loss)How behavior—not numbers—often determines investment outcomes🏗️ Beyond Stocks: Other Investment ToolsDavid discusses how different assets can play different roles in a portfolio, including:Real estate (direct ownership vs. REITs)Gold and precious metalsPrivate equity and private creditAnnuities and lifetime income strategiesEach comes with unique risk, liquidity, and complexity trade-offs that must align with your stage of life and financial goals.⚠️ Why DIY Portfolios Often StruggleMarkets changeLife changesTaxes become more impactful over...

Episode SummaryIn this holiday-inspired episode, David Chudyk shares 10 meaningful financial “gifts” your future self will be grateful for in 2026 and beyond. These gifts aren’t wrapped under a tree—they’re intentional decisions that build clarity, confidence, stability, and long-term wealth. This episode is designed for anyone looking to step into the new year with better habits, smarter planning, and a sense of peace around their finances.Key Topics Covered1. The Gift of Financial ClarityUnderstanding your numbers—spending, savings rate, debt, investments, and insurance—gives you control instead of chaos. You don’t need perfect tracking, just greater awareness.2. The Gift of a Fully Funded Emergency FundA boring but powerful gift. Cash reserves protect you from crises and help you take advantage of opportunities. Start with one month saved and build toward 3–6 months.3. The Gift of Intentional (Not Emotional) SpendingWealthy people spend with purpose, not impulse. Focus on experiences, relationships, health, and convenience that aligns with your goals.4. The Gift of Protecting the People You LoveInsurance, wills, power of attorney, and updated beneficiaries—all crucial. Protection isn’t just about money; it's about easing the burden on the people who matter most.5. The Gift of Better HealthYour future self needs movement, sleep, lower stress, stronger muscles, and fewer “fast-food emergencies.” Health is a financial asset—protect it now.6. The Gift of Automatic ProgressAutomation beats motivation every time. Automate savings, investments, debt payments, and charitable giving so progress happens without effort.7. The Gift of Meaningful, Not Generic, GoalsYour goals should be specific, measurable, realistic, and emotionally powerful. Tie goals to purpose—for example, buying a beach house for family connection or funding kids’ college for their future freedom.8. The Gift of Giving in Ways That MatterGive in alignment with your values—whether that means money, time, mentoring, service, or presence. Meaningful generosity benefits the giver as much as the receiver.9. The Gift of Guidance (Not Going It Alone)Stop trying to figure everything out yourself. Find the “who”—a financial advisor, tax professional, mentor, business coach—to reduce mistakes and speed up progress.10. The Gift of Saying “No” More OftenProtect your time, energy, financial health, and emotional well-being. Every “yes” is also a “no” to something else. Make sure your commitments align with your priorities.Bonus Gift (for Business Owners): The Value Builder ScoreDiscover the current health and approximate value of your business and learn which areas to improve to increase profitability and future sellability.Take the 10–15 minute assessment at: weeklywealthpodcast.com/valuebuilderscoreCall to Action• Schedule a 10-Minute Wealth Vision Call: weeklywealthpodcast.com/vision• Connect on social media: Instagram, Facebook, and YouTube @WeeklyWealthPodcast• Email David: david@parallelfinancial.com•...

📘 Show Notes: 26 Big Decisions for Wealth GrowthEpisode Title: 26 Big Decisions for Wealth GrowthHost: David Chudyk, CFP®Podcast: The Weekly Wealth Podcast🔥 Episode OverviewIn this episode, David breaks down 26 powerful “big decisions” that can dramatically impact your wealth, business, lifestyle, and long-term financial freedom. Instead of tackling everything at once, David challenges listeners to choose one single decision to focus on in 2026—the one that will create a domino effect in every area of life.This episode is perfect for business owners, high-income earners, and successful professionals who want clarity, momentum, and a more intentional wealth strategy.🔢 Part 1: Quantitative Wealth Decisions (Numbers-Based Moves)These decisions directly affect your net worth, profitability, tax efficiency, and financial structure.Set a target net-worth growth rate for 2026Focus on increasing business profitability (not just revenue)Restructure your compensation for tax-efficient savingsImplement a formal owner-distribution strategyEliminate one major wealth-dragging liabilityReallocate your investments based on real risk capacityDecide whether you will max out all available retirement plansBuild a profit reserve for your business (3+ months of expenses)Complete your 2026 tax projection by March 1Adopt a tax-efficient investment strategyDiversify away from reliance on one major customerSet a personal liquidity target ($50k–$100k+)Align your insurance coverages with actual risk exposure💡 Part 2: Qualitative Wealth Decisions (Life-Enhancing Choices)These improve clarity, communication, organization, and long-term planning. Create or update your Life & Wealth Master PlanStart preparing early for your business exit strategyDocument your business’s standard operating proceduresEstablish a quarterly financial review rhythmAdopt a “documentation-first” financial habitStrengthen financial communication with your spouse/partnerBuild your Personal Board of Advisors (CPA, advisor, attorney, etc.)Delegate/automate low-value tasks to reclaim high-value time🌱 Part 3: Lifestyle, Legacy & Joy DecisionsBecause wealth is meaningless if it doesn't improve life.Spend intentionally on meaningful experiencesDesign a generosity strategy (charitable giving, DAF, family giving traditions)Update your estate plan to match your current wealthConsider working with a personal CFO/financial advisor to coordinate everythingChoose your ONE big decision for 2026—and commit to it🎧 Listener ChallengeDavid asks each listener to identify ONE decision from the list that will define their year.Share it by leaving a voicemail at:👉

In this special Thanksgiving edition, David brings a little humor (and a questionable turkey sound effect) to kick off a heartfelt conversation about gratitude—why it matters, how it affects our lives, and why focusing on the good can be one of the most powerful wealth-building mindsets we can adopt.🌟 Why Gratitude MattersDavid explores three big reasons gratitude is more than just a nice idea:✅ 1. Gratitude Shifts Our FocusOur brains are wired to look for danger and problems.Gratitude forces us to notice wins, progress, and blessings.What we focus on expands—looking for good creates more good.Negative focus can lead to defensive behavior and a self-fulfilling prophecy.Gratitude helps you become more positive, likable, and open to opportunity.✅ 2. Gratitude Improves Mental & Physical HealthResearch shows gratitude:Reduces stress, anxiety, and depressionImproves sleepBoosts emotional intelligenceGrateful people report higher life satisfaction—even without more money or success.✅ 3. Gratitude Strengthens RelationshipsSaying “thank you” deepens trust and connection.People who feel appreciated communicate better and offer more support.In families, teams, and businesses, gratitude fuels unity and collaboration.🙏 A Personal NoteDavid reflects on his own blessings this year and encourages listeners to:Recognize the good in their own livesShare what they're thankful forSpread gratitude within their homes, workplaces, and communities💬 Listener ChallengeTake 60 seconds today and list 3 things you're grateful for.Big or small—it all counts.Share them with someone you care about.📲 Stay ConnectedHelp us grow the Weekly Wealth tribe:Follow on social mediaShare this episode with someone you appreciateJoin the conversation about gratitude and blessings✅ Closing ThoughtGratitude isn’t just a feeling—it’s a mindset that creates better health, stronger relationships, and a more fulfilling life. When we look for good, we tend to find more of it.Happy Thanksgiving! 🦃🌟

📘 Show Notes: Episode 2437 Wealth Leaks Silently Draining High-Earning EntrepreneursIn this week’s episode of The Weekly Wealth Podcast, Certified Financial Planner David Chudyk breaks down seven of the biggest hidden money leaks he sees among high-earning entrepreneurs and business owners. These leaks are subtle, easy to overlook, and can quietly cost thousands each year — but the good news is they’re fixable.David walks you through each leak, explains why it happens, and gives practical steps to plug the problem so you can keep more of what you earn and build intentional long-term wealth.🔎 What You’ll Learn1️⃣ Tax Leaks from Poor Structure & Bad PlanningWhy the wrong entity type, missed deductions, and lack of proactive tax planning can cost high earners 10–20% more each year.2️⃣ Insurance Gaps & OverlapsHow missing coverages, duplicated coverages, rising deductibles, or an underinsured home expose you to unnecessary financial risk.3️⃣ Poorly Structured Debt StrategiesWhy high-interest credit cards, inefficient equipment financing, or paying down the wrong debts in the wrong order slows your wealth building.4️⃣ Uncoordinated (and Unintentional) InvestmentsHow scattered accounts, overlap, idle cash, and missing strategy reduce returns and increase tax drag.5️⃣ Lifestyle CreepThe silent wealth killer that grows spending at the same rate as income — and how to reverse it with intention.6️⃣ Inefficient Exit & Succession PlanningWhy unprepared businesses sell for less, become unsellable, or create chaos without systems, documentation, and buy-sell agreements.7️⃣ Lack of a Cash Flow SystemHow entrepreneurs who manage money on “feel” instead of process consistently overspend, under save, and make emotion-based decisions.🧰 Helpful Links From This Episode10-Minute Vision Call:www.weeklywealthpodcast.com/visionValue Builder Score:www.weeklywealthpodcast.com/valuebuilderscoreSubmit Your Thankfulness Recording:www.weeklywealthpodcast.com/voicemailEmail David:david@parallelfinancial.com💬 Bonus Segment: Gratitude WeekDavid invites listeners to share what they’re thankful for this year. Your message may be included in next week’s special Thanksgiving gratitude episode.

🎙️ Episode Title: Boosting Your Business Valuation for SalePodcast: The Weekly Wealth PodcastHost: David Chudyk, CFP®💡 Episode OverviewIn this episode, Certified Financial Planner™ David Chudyk shares practical strategies to increase the value of your business — whether you plan to sell soon or simply want to build a stronger, more profitable company.From leadership pitfalls to recurring revenue models, David outlines actionable ways business owners can make their company more attractive to buyers and create freedom in their lives.🔑 What You’ll LearnHow being “the hub” of your business can decrease its value by up to 35%The leadership style that builds loyalty but hurts valuationWhy delegation is one of the most profitable skills a business owner can masterHow differentiation and innovation can transform a commodity into a category leaderThe difference between recurring and reoccurring revenue — and why it matters to buyersSimple ways to add predictable income streams and boost your company’s multipleFree tools to measure and improve your business’s value🧩 Key TakeawaysGet out of the hub: Your business should run without you, not because of you.Empower your team: Teach them how the business makes money — and let them own the results.Create differentiation: Solve customer frustrations and stand out, even in a “boring” industry.Build recurring revenue: Predictable income equals higher valuation.Plan early: The earlier you start, the more control you have over your exit outcome.📚 Resources Mentioned🧠 The 4 Degrees of Delegation – Free eBook📈 Value Builder Score💼 PREScore – Personal Readiness to Exit💰 Freedom Score – Calculate Your Financial Freedom Number🧩 Inside the Mind of an Acquirer – Free eBook📞 Schedule a Vision Call👤 About the HostDavid Chudyk, CFP® is a Certified Financial Planner™ and founder of Parallel Financial. With offices in Greenville and Seneca, SC, David helps individuals and business owners make...

🎙 Episode Title: The Biggest Wealth Tool: You?Podcast: The Weekly Wealth PodcastHost: David Chudyk, CFP®Duration: ~15 minutes💡 Episode SummaryIn this episode, Certified Financial Planner™ David Chudyk reveals what he believes is the biggest wealth-building—and wealth-destroying—tool you have: your mind.David explores how mindset, habits, and self-talk directly influence financial outcomes, and shares practical “mantras” to guide listeners toward a healthier relationship with money.🧠 Key TakeawaysYour Mind Is Your Greatest Asset – The way you think affects your behaviors, and your behaviors determine your financial results.Choose Your Hard – Life involves challenges either way: saving, planning, and being disciplined is hard—but so is financial stress later on. Choose the “hard” that leads to freedom.Be Part of the Solution – Instead of focusing on problems, look for ways to create value and make positive changes—both personally and financially.Adopt an Abundance Mindset – Believe there’s enough success, wealth, and opportunity for everyone. Abundance thinking attracts positivity and opportunities.Look Good, Feel Good – Celebrate your wins. Enjoy the fruits of your labor responsibly—because money should improve your life, not just sit in your accounts.💬 Featured Concepts & Quotes“What we think affects what we do, and what we do affects what we get.”“Choose your hard: the hard work now or the harder regret later.”“If you’re not part of the solution, you’re part of the problem.”“Try going a week without complaining—and see how it changes your mindset.”“Look good, feel good. You’ve earned it.”📚 MentionsThe 7 Habits of Highly Effective People by Stephen CoveyConcepts of scarcity vs. abundance mindsetSelf-improvement and personal development philosophies🏆 Bonus SegmentDavid challenges listeners to reflect not just on the quantitative side of money (how much you have), but also the qualitative side—how your financial choices improve your life, reduce stress, and contribute to the world around you.Question of the Week:How are you making your life better by how you handle your money?🔗 Connect & Learn More💻 Website: www.weeklywealthpodcast.com📅 Schedule a Vision Call: weeklywealthpodcast.com/vision✉️ Email: david@parallelfinancial.com🔗 Parallel Financial: www.parallelfinancial.com📣 Support the ShowIf you enjoy The Weekly Wealth Podcast, please rate, review, and share it with your friends, family, and coworkers. Help us climb the Apple Podcasts charts and grow our community of wealth builders!Disclaimer:This podcast is for informational purposes only and should not be considered investment, legal, or tax advice. Past performance is not indicative of future results. Parallel Financial does not guarantee

👻 Episode SummaryIn this special Halloween edition, David explores some of the scariest financial mistakes people make — from ignoring their 401(k)s to neglecting estate planning and assuming their business will fund retirement. He also shares tips to avoid these “financial frights” and offers resources to help you make smarter money decisions.🧟‍♂️ Key TakeawaysDon’t drift with your 401(k): Review your investments regularly and get professional advice.Don’t assume one small action solves it all: Keep monitoring your finances after taking action.Plan for the inevitable: Prepare for death, disability, or incapacitation through estate planning.Business owners beware: Know what your business is actually worth and prepare before selling.Taxes are scary — but manageable: Understand your tax rate, plan before year-end, and work with professionals.Bonus tip: Don’t blow your diet this Halloween—avoid the “candy binge”!🧰 Resources MentionedGet your Value Builder Score:👉 www.weeklywealthpodcast.com/valuebuilderscoreDownload your free Balance Sheet Template:👉 www.weeklywealthpodcast.com/balancesheetContact David Chudyk:📧 David@parallelfinancial.comParallel Financial:🌐 https://www.parallelfinancial.com📱 Connect on Social MediaStay connected for more insights, behind-the-scenes content, and updates:Instagram: @weekly_wealth_podcastFacebook: Weekly Wealth PodcastLinkedIn: David Chudyk, CFP®YouTube: Weekly Wealth Podcast Channel💬 Support the ShowIf you enjoyed this episode:Share it with a friend or colleagueSubscribe on your favorite podcast platformLeave a 5-star review to help others discover the show⚠️ DisclaimerThe information shared in this podcast is for educational purposes only and should not be considered financial advice. Parallel Financial does not guarantee the accuracy or completeness of the information provided. Past performance is not indicative of future results.

In this episode of The Weekly Wealth Podcast, Certified Financial Planner ™ David Chudyk sits down with referral expert and author Stacey Brown Randall to uncover the secrets behind a truly referable client experience.Stacey explains why great service isn’t enough, how to turn everyday clients into raving referral sources, and why asking for referrals can actually hurt your business. Whether you’re a financial advisor, business owner, or sales professional, this conversation will help you re-engineer your client experience so your business grows organically—without cold calls, gimmicks, or awkward scripts.👉 Grab Stacey’s book: The Referable Client Experience⏱️ Episode Timestamps00:00 – Intro: Why referrals are the ultimate financial planning tool01:00 – Meet Stacey Brown Randall: Referral coach, podcaster, and author03:00 – Podcasting longevity & creativity: How podcasts build connection and credibility04:00 – Customer Service vs. Client Experience: Understanding the difference06:00 – Why most people mislabel “referrals” and what to track instead07:30 – How small businesses can outshine big companies in experience10:00 – The 3 Stages of Client Experience: New → Active → Alumni12:00 – The 50/50 Formula: Great work + relationship touchpoints16:00 – Overcoming “The Quiet Voice” of buyer’s remorse18:00 – Example: Sending a “journey card” or handwritten note that reassures new clients21:00 – Avoiding complacency during long-term client relationships22:00 – Cookie Box Example: A creative relationship touchpoint before annual reviews25:00 – Why not every happy client will refer — and that’s okay27:00 – The Science Behind Referrals: Why you should never ask for them30:00 – Centers of Influence: How to approach COIs the right way33:00 – How Stacey works with clients & the programs she offers35:00 – Lifetime value of a referral & compounding business growth36:00 – What wealth means to Stacey Brown Randall: Freedom of choice37:00 – Final Tip: Identify your current referral sources—the “low-hanging fruit”39:00 – Bonus Content: How listeners can apply the episode immediately💡 Key TakeawaysClient experience = how they feel working with youGreat work alone isn’t enough; add relationship touchpointsAvoid the “ask” — referrals come from helping others, not self-promotionIdentify who’s already referring you and nurture those relationships first📚 Resources...

🏛️ Episode OverviewIn this episode of The Weekly Wealth Podcast, host David Chudyk, CFP®, sits down with Gordon Short of GBX Group to explore an incredible — and legal — tax strategy that allows high-income earners to use their federal tax liability to invest in historic real estate.If you’ve ever wondered whether your tax dollars could do something more — like restore America’s historic architecture and generate potential returns — this episode is for you.🎥 Watch the full webinar (with slides and visuals):👉 https://youtu.be/jvJedhcmAxs?si=p9Eq-Rqwe1cPjysY💡 What You’ll LearnThe History Behind Historic Preservation Incentives:How the destruction of New York’s Penn Station inspired the 1976 creation of federal programs to preserve historic architecture.The Federal Historic Preservation Easement Program:What it is, how it works, and how it’s administered jointly by the IRS and National Park Service under Internal Revenue Code §170(h).GBX Group’s Unique Approach:How GBX identifies, acquires, and rehabilitates historic buildings using investor funds — helping to save American landmarks while offering tax-efficient opportunities.Tax Strategy Deep Dive:How investing in GBX can yield a $2.45 charitable deduction for every $1 investedWhy this strategy is typically suited for high earners in the 37% tax bracketThe 50% AGI limitation and how it impacts eligibilityReal-world examples showing federal and South Carolina tax savingsEconomic and Community Impact:See how restored buildings like the Municipal Light Plant in Columbus, OH and the YWCA in Nashville, TN have revitalized downtown areas and created jobs.Returns and Real Estate Benefits:How investors can receive both tax deductions and real-estate-based distributions, typically with a five-year hold period and targeted returns.🧮 Real-World ExampleA taxpayer expecting to owe $100,000 in federal taxes can instead invest that amount with GBX Group.That $100,000 can generate a $245,000 charitable deductionProducing an immediate tax benefit of ~$90,650 (at the 37% bracket)Plus, potential cash distributions and long-term returns from the underlying real estateFor qualifying investors in states like South Carolina, the state tax deduction adds even more value.🏗️ Why It MattersThis episode demonstrates how strategic, congressionally sanctioned tax planning can redirect tax dollars toward socially responsible projects — all while aligning with financial goals and preserving America’s historic landmarks.👤 About the...

💡 Episode SummaryIn this week’s Ask the Professor edition of The Weekly Wealth Podcast, host David Chudyk, CFP®, sits down with financial educator and colleague Justin Chastain (“The Professor”) to unpack key tax planning concepts that impact retirement, Social Security, and business owners.Justin—who teaches future CFP® professionals through Dalton Education—shares his trademark mix of deep insight and humor while explaining how proactive tax strategies can create real, lasting wealth.🧩 Topics Covered1️⃣ Social Security TaxationHow benefits can be taxed at 0%, 50%, or 85%Why income thresholds haven’t changed since 1984How to plan around working income and Social Security to minimize surprise tax bills2️⃣ Retirement Accounts & WithdrawalsThe difference between Traditional IRAs (tax-deferred) and Roth IRAs (tax-free growth)Understanding Required Minimum Distributions (RMDs)When Roth conversions make sense and how to manage tax brackets efficiently3️⃣ Marginal vs. Effective Tax RatesWhat your next dollar really gets taxed atHow to use bracket management to stay tax-efficientReal examples showing why “being in the 32% bracket” doesn’t mean you’re paying 32% overall4️⃣ Tax-Loss and Tax-Gain HarvestingUsing market volatility to your advantageHow to offset gains and manage investment income efficientlyStrategies for gifting appreciated stock or donating directly to charities to avoid unnecessary taxes5️⃣ Legacy & Estate PlanningWhy charitable giving can reduce both estate taxes and current tax burdensQualified Charitable Distributions (QCDs) explainedHow retirees can use RMDs or life insurance to leave a legacy without overpaying Uncle Sam6️⃣ Business Owner Tax TipsTurning legitimate expenses into deductionsBuilding employee benefits and retirement plans to attract and retain top talentUsing goodwill and benefits as part of your company’s long-term value🎧 Notable Quotes“Money is just a tool to help us live better lives—nothing more, nothing less.” — David Chudyk“Ask your financial advisor: ‘Is tax planning part of your strategy?’ If not, find one who makes it a priority.” — Justin Chastain“It’s not about buying the next hot stock—it’s about knowing where your money is taking you.” — David Chudyk🗓 Bonus SegmentDavid closes the episode by reminding listeners to...

In this week’s episode of The Weekly Wealth Podcast, David sits down with Mark Weithorn, a marketing expert turned tech entrepreneur who has spent the last 21 years running a successful web design and CRM company for realtors.From navigating industry disruptions to preparing employees for entrepreneurship to adopting AI responsibly, this conversation is full of lessons every business owner can apply. Whether you’re in real estate, tech, or any small business, the themes of resilience, reinvention, and forward-thinking strategy are universal.What You’ll Learn in This EpisodeSurviving 21 Years in Tech:How Mark adapted to industry shifts—from radio jingles and newspaper ads to building realtor websites and CRMs—and the mindset required for long-term success.Employee to Entrepreneur:Why making the leap from a steady paycheck to self-employment requires a completely different mindset and skillset—and how to prepare for the challenges ahead.AI in Business:Mark’s perspective on how AI is already shaping industries, where it may be overhyped, and how to use it as a tool to add value rather than frustrate customers.Entrepreneurial Mindsets:Why processes, systems, and delegation are non-negotiable for growth—and how to avoid being the “hub” in a hub-and-spoke business.Financial Reality of Entrepreneurship:Why that big commission check or large invoice isn’t all take-home profit, and how to avoid tax and cash flow pitfalls as a new business owner.About Our GuestMark Weithorn is the founder of DPI Showcase Websites, serving realtors across the U.S. and Canada for over two decades. His company provides websites, CRMs, and AI-powered lead generation tools designed to help real estate professionals thrive in competitive markets.📍 Learn more: dpishowcase.comBonus ContentAre you a business owner struggling with processes and consistency?Check out VidGuide —a powerful tool for building your library of SOPs and training materials so your team can deliver a consistent client experience.👉 Visit weeklywealthpodcast.com/vidguideStay Connected🌐 Website: weeklywealthpodcast.com📸 Instagram: @weeklywealthpodcast🎥 YouTube: The Weekly Wealth Podcast👍 Facebook: Weekly Wealth Podcast Community💼 LinkedIn: David Chudyk, CFP®DisclaimerThe information shared in this episode is for educational purposes only and should not be considered investment, legal, or tax advice. Always consult with your own advisors regarding your specific situation.

Episode OverviewYour business is likely your biggest asset—but are you treating it like one? In this week’s episode of The Weekly Wealth Podcast, Certified Financial Planner™ David Chudyk breaks down the eight key drivers of company value that make your business more attractive, sellable, and profitable.Whether you’re years away from selling or just want to build a business that runs smoothly without you, these strategies will help you create a more valuable, marketable, and enjoyable company.You’ll also hear about two tools designed for business owners who want clarity on their next steps:The Personal Readiness to Exit Questionnaire: weeklywealthpodcast.com/precoreThe Value Builder Score: weeklywealthpodcast.com/valuebuilderscoreWhat You’ll Learn in This Episode✅ Why your business is an asset—and how to increase its value.✅ The 8 Drivers of Company Value (financial performance, growth potential, Switzerland structure, valuation teeter-totter, recurring revenue, monopoly control, customer satisfaction, and the hub & spoke).✅ Questions every owner should ask: Would you buy your own business? Would you pay a premium or demand a discount?✅ Practical ways to reduce owner dependence so your business thrives without you.✅ How small shifts—like adding recurring revenue or improving customer experience—can transform your company’s worth.Bonus Content🎯 Business Owners: Wondering if you’re ready to exit? Take the Personal Readiness to Exit Questionnaire now at weeklywealthpodcast.com/precore.Resources & Links📊 Take your Value Builder Score: weeklywealthpodcast.com/valuebuilderscore💻 Schedule a 10-Minute Wealth Vision Call: weeklywealthpodcast.com/vision📱 Follow us on Instagram, YouTube, and Facebook (search Weekly Wealth Podcast).About Your HostI’m David Chudyk, Certified Financial Planner™ and Certified Value Builder Advisor. Through my wealth management practice and The Weekly Wealth Podcast, I help the mass affluent and business owners live better lives through smarter financial decisions.As both a financial planner and business advisor, I help owners treat their companies as the powerful wealth-building tools they truly are.

Too many people assume maxing out a 401k is always the smartest move. But what if it isn’t? In this episode, Certified Financial Planner™ David Chudyk breaks down three common financial mistakes he sees in his wealth management practice:Over-contributing to 401(k) plans without thinking about liquidity.Misunderstanding risk — either by avoiding it completely or chasing unrealistic returns.Blurring the line between business and personal finances.You’ll walk away with a clearer understanding of how to align your money decisions with your real goals, avoid costly pitfalls, and grow wealth with confidence.Key TakeawaysWhy maxing out your 401k might backfire if you lack accessible funds for opportunities or emergencies.The hidden risk of “no risk” — inflation quietly erodes cash sitting in savings or CDs.The return trap — chasing sky-high growth can be just as harmful as being too conservative.Business owner warning: Stop treating your company like an ATM. Put yourself on a salary and plan for taxes, expenses, and growth.Accountability matters — isolation leads to poor decisions, but advisors, peers, or mentors can provide the guardrails you need.Timestamps00:00 – Welcome & announcements (YouTube, Instagram, Facebook links)03:12 – The first big mistake: over-contributing to 401ks12:10 – Liquidity, taxes, and why other buckets of money matter18:44 – Risk vs. rate of return: why both extremes can be dangerous28:55 – How risk tolerance shifts as you age37:22 – Business owners and the danger of mixing business/personal money47:10 – Free tools and resources you can use right now51:05 – Bonus thought: why financial isolation leads to bad decisionsFree Tools & Resources Mentioned10-Minute Vision Call → weeklywealthpodcast.com/visionDebt Snowball Calculator → weeklywealthpodcast.com/debtBusiness Value Builder Score → weeklywealthpodcast.com/valuebuilderscorePreScore (Readiness to Exit) → weeklywealthpodcast.com/precoreFreedom Score → weeklywealthpodcast.com/freedomsCoreBonus Thought 💡From David’s Friday morning men’s Bible study: Isolation leads to bad decisions. When it comes to money, don’t go it alone. Surround yourself with wise counsel — advisors, mentors, or accountability partners — to avoid costly financial missteps.Connect With The Weekly Wealth PodcastYouTube: Weekly Wealth Podcast...

Your home is often one of your largest assets—but how do you actually use that equity to improve your lifestyle, reduce financial stress, or create a safety net? In this week’s episode, host David Chudyk, CFP®, is joined by Archie Johnson of Mutual of Omaha Mortgage to explore how retirees and high earners can strategically access their home’s equity.They break down how tools like the Home Equity Conversion Mortgage (HECM) can eliminate mortgage payments, provide a line of credit, and even help buffer against market downturns. This strategy can free up cash for travel, family support, long-term care needs, or simply enjoying retirement without financial worry.What You’ll Learn in This Episode✅ Why home equity is often an untapped piece of your net worth.✅ How retirees can eliminate monthly mortgage payments without draining their investments.✅ The role of home equity in protecting against sequence-of-returns risk during market downturns.✅ Real-world ways clients have used freed-up cash—travel, family gifts, long-term care, and more.✅ The FHA’s protections and counseling requirements that ensure retirees make informed decisions.✅ How HECM loans differ from traditional mortgages and what happens when a borrower passes away.✅ The flexibility of using home equity for both refinancing and purchasing a new home.Key Quote from Archie Johnson“For the right person, a Home Equity Conversion Mortgage can be life-changing. It’s not about debt—it’s about freedom, flexibility, and creating options in retirement.”Connect with Our Guest📧 Email: archie.johnson@mutualmortgage.com📱 Call: (864) 616-4066🏢 Mutual of Omaha Mortgage – Home Equity Retirement SpecialistResources & Links📍 Book your free 10-Minute Wealth Vision Call: weeklywealthpodcast.com/vision📍 Learn more about financial strategies and tools at weeklywealthpodcast.comFinal ThoughtsWealth isn’t just about money—it’s about what money allows you to do. Whether it’s traveling, supporting family, or enjoying a stress-free retirement, your home’s equity might be the key to unlocking new opportunities.E

Email david@parallelfinancial.com with your questions.Don't forget to schedule your 10-minute vision call www.weeklywealthpodcast.com/visionEpisode SummaryIt’s football season, and Certified Financial Planner™ David Chudyk is drawing play-by-play lessons from the field to your financial life. Just like championships aren’t won on Saturdays or Sundays but in the preparation during the week, your financial success comes from the fundamentals, the planning, and yes—even the “boring” stuff.In this episode, David breaks down four powerful football analogies to help you win with money:Watching Film → Why knowing your financial facts matters.The Playbook → How financial planning and systems prepare you for every situation.The Boring Fundamentals → The “blocking and tackling” of personal finance: saving, debt repayment, insurance, and discipline.Touchdowns & Flashy Plays → The big wins that make it all worthwhile—and how they’re built on consistency.Plus, David shares practical tools like a financial balance sheet and Vid Guide for business owners to build processes that keep your financial game plan sharp.What You’ll Learn in This EpisodeWhy NFL quarterbacks like Peyton Manning spent 20–30 hours a week studying film—and how reviewing your financial facts can give you the same edge.How playbooks and pre-planned decisions translate into financial strategies that reduce stress and keep you on track.Why the “boring” parts of football—special teams, third-down conversions, and the offensive line—are the same as budgeting, saving, and paying down debt in your financial life.How to define and celebrate your financial “touchdowns”—whether it’s paying off your home, hitting a savings milestone, or funding your child’s education.The importance of celebrating small wins (just like Ohio State helmet stickers or Seahawks “win forever” moments) to keep financial momentum alive.Resources & Links📊 Get your Financial Balance Sheet: weeklywealthpodcast.com/balancesheet📘 Free Ebook – The Endgame: Plan Your Business Exit: weeklywealthpodcast.com/endgame🎥 Learn about Vid Guide for documenting business processes: weeklywealthpodcast.com/vidguide💬 Have a financial “touchdown” you’re working toward? Leave David a voice message at weeklywealthpodcast.comStay Connected📸 Instagram: Follow Here▶️ YouTube: Subscribe Here👥 Facebook Group: Join...