The Wealth Movement

Welcome to this exciting episode of the Wealth Movement Podcast! Join us and dive into the intersection of Wealth and Health with Kristoffer Fu, Private Wealth Advisor at Evoke Wealth Management, and Dr. Scott Freeman, owner of Vibe Health. In this thought-provoking conversation, they unravel the secrets of holistic well-being and explore how neurological optimization is the key to a thriving life. Dr. Freeman sheds light on the intricate connection between physical, mental, and emotional experiences, emphasizing the crucial role they play in enhancing overall health. The dialogue delves into the concept of community health, going beyond mere symptom relief and highlighting the power of collective contribution in fostering comprehensive wellness. Gain insights into Dr. Freeman's professional journey, from individual health practices to becoming a champion for community health through wellness classes and consultations. This enlightening discussion resonates with the collective dimensions of healthy living, emphasizing the significance of creating, managing, and optimizing both your health and wealth. Please remember to like, subscribe, and share this episode with others who may find it helpful! If you have any questions or need advice about your money decisions or just have a general financial question, click on the following link to chat >> ⁠I have a financial question and I need human advice With Gratitude and Appreciation, Kristoffer Fu Episode Resources Dr. Scott Freeman | Linkedin Page Dr. Scott Freeman IG | Visit IG Vibe Health Business | Visit Vibe Health Facebook | Visit FB Kristoffer Fu | LinkedIn Page Kristoffer Fu IG | Wealth MVMT Kristoffer Fu FB | Wealth MVMT Kristoffer Fu YouTube | Wealth MVMT Evoke Wealth Management | Visit Evoke WM Evoke Wealth Management | LinkedIn Page

In this illuminating episode of the Wealth Movement, I am joined by Pete Lopresti and Kristen Robertson of Rescom Financial Services, Inc. They provide insightful advice for first-time home buyers and shed light on their unique approach to customer engagement. Key topics we discussed include; Financial planning Strategizing for a first home purchase, Navigating the housing market's complexities, Maintaining transparent and lasting client relationships. Strong emphasis is given to the significance of financial knowledge, intentionality, personal communication, and a collaboration-focused industry transformation. Pete and Kristen also encourage listeners to seek advice regardless of their perceived eligibility for homeownership. Please remember to like, subscribe, and share this episode with others who may find it helpful! If you have any questions or need advice about your money decisions or just have a general financial question click on the following link to chat >> ⁠I have a financial question and I need human advice With Gratitude and Appreciation, Kristoffer Fu Episode Resource Links: Rescom Instagram: https://www.instagram.com/rescommortgagelending/ Rescom Facebook: https://www.facebook.com/profile.php?id=100038550349643 Rescom Contact Email: TeamRescom@Rescomfs.com Kristoffer Fu | ⁠⁠⁠⁠Maven Bridge Capital⁠⁠⁠ Kristoffer Fu | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ Kristoffer Fu | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ Kristoffer Fu | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ Kristoffer Fu | email - hello@mavenbridgecapital.com Important Show highlights: 00:35 The Philosophy of Wealth Movement 02:14 The Vision of Recon Financial Services 02:32 Challenges for First-Time Home Buyers 03:00 The Importance of Understanding Clients' Financial Goals 11:15 The History and Mission of Recon Financial Services 12:07 The Importance of Customer Service in Mortgage Lending 22:22 The Challenges and Solutions in Today's Housing Market 23:25 The Role of Financial Education in Homeownership 38:44 The Importance of Being a Bulletproof Buyer 43:15 The Impact of Market Conditions on First Time Home Buyers 43:32 Predicting Future Business Trends in the Housing Market 43:55 Preparing for Home Ownership: Steps and Strategies 44:27 The Importance of Pre-Approval and Loan Options 45:30 Understanding the Impact of Financial Decisions on Home Buying 47:55 The Importance of Comfort Level in Home Buying 49:00 The Role of Financial Planners and CPAs in Home Buying 49:38 The Cost of Waiting: Analyzing Rent vs. Home Ownership 56:29 The Future of the Housing Market and Personal Goals 59:06 The Legacy of Helping Clients Achieve Home Ownership 01:09:53 The Importance of Collaboration in the Industry 01:14:48 Final Thoughts and Reflections

In this episode of The Wealth Movement, we are joined by Chris Yonker, a certified family business advisor who shares his wisdom on successfully transitioning family businesses to the next generation. We dive deep into the challenges of ensuring the next generation can continue and build upon the success of the family business while maintaining strong communication and fostering open dialogue between all family members involved. Key topics covered in this episode: Developing Strong and Open Communication between Different Generations in a Family Business. Communicating effectively between generations makes it a smooth business transition—practical advice on facilitating this process and cultivating a strong working relationship among family members. The Importance of Working with Each Family Member Individually before Family Meetings. Why it's essential to connect with each family member individually before grouping everyone together. He shares how this approach leads to more impactful and effective meetings. Fostering an Open Dialogue between Family Members Involved. We discuss the value of maintaining an open and honest conversation between all family members involved in the business. Chris offers strategies for handling difficult conversations and encouraging every member to contribute to the discussion. The Critical Role of Resilience in Passing on Money Values to Your Children Chris stresses the importance of cultivating resilience in next-generation family members to prepare them for the challenges of managing a family business. He shares some practical tips on nurturing this essential trait in young entrepreneurs. Surrounding Yourself with a Team of Experts We discuss the importance of building a network of knowledgeable professionals to support your family business throughout its life, particularly during transitions between generations. Chris explains the role of these experts and offers advice on how to find the right individuals for your unique needs. The Importance of establishing and maintaining a Family Vision, Mission Statement, and Core Values Chris highlights the significance of creating a vision and mission statement and identifying core values to serve as a framework for your family business. He explains why these elements are crucial for guiding decision-making and ensuring everyone in the family is on the same page. Remember to like, subscribe, and share this episode with other family business owners who may find it helpful! If you have any questions or need advice on transitioning your family business or just have a general financial question click on the following link to chat >> I have a financial question and I need human advice With Gratitude and Appreciation, Kris Fu Episode Resource Links: Chris Yonker | Website Chris Yonker | Family Business Forum Chris Yonker Podcast | The Secret Thoughts of CEO's Podcast Kristoffer Fu | ⁠⁠⁠Maven Bridge Capital⁠⁠ Kristoffer Fu | ⁠⁠⁠LinkedIn⁠⁠⁠ Kristoffer Fu | ⁠⁠⁠Instagram⁠⁠⁠ Kristoffer Fu | ⁠⁠⁠YouTube⁠⁠⁠ Kristoffer Fu | email - hello@mavenbridgecapital.com

Welcome to another exciting episode of The Wealth Movement Podcast, where purpose, legacy, and financial planning come together. In this special episode, we're excited to bring you an insightful and motivational conversation with accomplished entrepreneur Barry Bradham. In my conversation with Barry, I dive deep into Barry's life and entrepreneurial experiences to unpack some invaluable lessons for solopreneurs and family-owned businesses alike. Throughout this episode, we will explore: - Overcoming financial struggles and turning them into valuable experiences. - Why having a solid structure and process can greatly impact the value of your venture and give you more time for yourself and your family. - Breaking through plateaus and achieving new levels of success for solo entrepreneurs and family business owners. - Why helping other entrepreneurs is one of the most important things you can do as an entrepreneur. - and so much more! Don't miss this transformative episode that will shift your mindset, challenge your fears, and give you the tools you need to embrace the struggle and unlock your potential. Remember to subscribe, follow, and share The Wealth Movement Podcast, so you and your friends never miss an episode! Get ready for an exciting and thought-provoking conversation that could change how you approach your business – and your life. With Gratitude and Appreciation, Kris Fu Episode Resource Links: Barry Bradham | Instagram Kristoffer Fu | ⁠⁠Maven Bridge Capital⁠ Kristoffer Fu | ⁠⁠LinkedIn⁠⁠ Kristoffer Fu | ⁠⁠Instagram⁠⁠ Kristoffer Fu | ⁠⁠YouTube⁠⁠ Kristoffer Fu | email - hello@mavenbridgecapital.com Would you like a Financial Health Check-up? Take our Complimentary 7-minute assessment to find out where you stand today >> ⁠⁠⁠https://www.mavenbridgecapital.com/financial-health-assessment

Welcome to another episode of The Wealth Movement podcast! In this powerful and insightful episode, we're diving deep into the diverse challenges that widows face in the wake of losing a loved one, from grappling with financial issues to dealing with mental health and redefining personal identity. As a financial advisor for nearly two decades, I've had the privilege of helping a wide range of clients, and one group that I'm particularly grateful to serve are widows. In fact, they comprise almost half of my clientele. Joining us today is the inspiring and knowledgeable Carolyn Moor, a compassionate advocate for widows and Founder of the Modern Widows Club. Throughout this heart-touching episode, we'll explore: Why support networks like the Modern Widows Club are crucial for the well-being of widows How widows can regain their sense of self and rebuild their lives after such a devastating loss The practical steps widows can take to tackle financial challenges and develop a sense of security Tips and strategies for cultivating courage, resilience, and financial independence Don't miss this transformative and educational discussion with our special guest, Carolyn Moor. Tune in and discover the importance of compassionate support for widows on their journey towards healing and independence. Listen now! With Gratitude and Appreciation, Kris Fu Episode Resource Links: Carolyn Moor | ⁠Twitter⁠ Carolyn Moor | ⁠LinkedIn⁠ Carolyn Moor | ⁠Carolynmoor.com Modern Widows Club | ⁠MWC Modern Widows Club | Modern Widows Club Movement Kristoffer Fu | ⁠Maven Bridge Capital⁠ Kristoffer Fu | ⁠LinkedIn⁠ Kristoffer Fu | ⁠Instagram⁠ Kristoffer Fu | ⁠YouTube⁠ Kristoffer Fu | kris.fu@mavenbridgecapital.com Would you like a Financial Health Check-up? Take our Complimentary 7-minute assessment to find out where you stand today >> ⁠⁠https://www.mavenbridgecapital.com/financial-health-assessment

Are you struggling with financial disagreements in your marriage? Feeling like the family CFO, with little help from your spouse? You're not alone. In this episode of The Witty Wallet, I have the privilege of sitting with Ashley Quamme, LMFT, FBS®, CFT-I™, a licensed marriage and financial therapist and the Founder of the Wealthy Marriage. Ashley shares her valuable insights on the critical money issues couples face today and offers practical solutions to improve your financial situation and bring harmony to your relationship. We'll dive into essential factors when it comes to understanding our relationship with money and how we can turn that understanding into fuel to make more intelligent and wiser financial decisions. In this Interview you will learn: The immense impact of financial problems in a marriage. Tactics to address overspending, and living beyond your means. The dangers of hidden financial problems, such as secret debt or undisclosed bank accounts. Practical advice from Ashley on navigating money conversations with your spouse. Tips to get on the same financial page and work together towards shared goals. It's crucial to address financial challenges and come together as a team, rather than letting money issues drive a wedge in your relationship. I hope this episode of The Witty Wallet sheds light on the importance of financial transparency, shared goals, and open conversations in a healthy, wealthy marriage. With Gratitude and Appreciation, Kris Fu Episode Resource Links: Ashley Quamme | Twitter Ashley Quamme | LinkedIn Ashley Quamme | The Wealth Marriage Ashley Quamme | Beyond the Plan Ashley Quamme | ashley@beyondthefp.com Kristoffer Fu | Maven Bridge Capital Kristoffer Fu | LinkedIn Kristoffer Fu | Instagram Kristoffer Fu | YouTube Kristoffer Fu | kris.fu@mavenbridgecapital.com Would you like a Financial Health Check-up? Take our Complimentary 7-minute assessment to find out where you stand today >> ⁠https://www.mavenbridgecapital.com/financial-health-assessment

Are you tired of constantly worrying about your finances and want to make a change for the better? Taking control of our finances is a struggle that many people face today. In this episode of The Witty Wallet, I sit down with Sarah Edens, the Founder of Sarah Edens Financial, to discuss the crucial role that mindset plays in achieving financial success and cultivating a life of abundance. We'll dive into the important factors when it comes to achieving financial security and explore how to shift from having a "lack-mindset" into an "abundance-mindset" so you can live a more abundant life. In this interview, you'll learn: some of the challenges women face when dealing with finances and some of the tools and resources available to take control of your money. Having the right mindset is essential for achieving financial success and living a life of abundance. Shifting from a scarcity mindset to an abundance mindset can create positive changes in your financial situation. Developing self-awareness and adopting practical financial strategies can significantly improve financial security. Sarah's story serves as a testament to why having the right mindset and outlook on life is so critical in creating a life of abundance and a life you truly want to live and why women need to get more comfortable with money. With Gratitude and Appreciation, Kris Fu Episode Resource Links: Sarah Edens | Instagram Sarah Edens | Website Sarah Edens | YouTube Want to get a Complimentary Financial Health Check-up? Take our 7-minute assessment to find out where you stand today with Kris Fu https://www.mavenbridgecapital.com/financial-health-assessment

Welcome to the third episode of The Witty Wallet, where we empower you with the knowledge you need to achieve financial literacy and confidently plan for your retirement. Today, we're continuing our exploration of the million-dollar question: How much do you need to retire comfortably? In this episode, we're going to delve into Social Security Maximization, a crucial aspect of retirement planning that's often overlooked. By understanding how to make the most of your Social Security benefits, you'll be better equipped to ensure a comfortable and secure retirement. But we're not stopping there! We'll also be discussing the concept of Legacy and how it plays a significant role in your retirement planning. Securing your financial future extends beyond saving and investing for yourself – it means considering your family and loved ones too. To help illustrate these concepts, we'll be sharing a case study that demonstrates everything we discussed in all three episodes. This practical example will help you see the benefits and potential pitfalls, giving you a better understanding of how these strategies can be applied in your own retirement planning journey. To see the full case study on YouTube please visit the following link to the Maven Bridge Capital YouTube Page Don't miss this opportunity to elevate your retirement game with The Witty Wallet podcast! Please like, subscribe, and share this episode to help spread the word about financial literacy and retirement planning.

The Witty Wallet Podcast Episode Title: How much do I need to retire comfortably - Part 2 Episode Description: The discussion continues in this second episode of this 3-part series! As a financial advisor, I get asked an important question all the time: "How much do I need to retire comfortably?". In this episode, we focus on why you need to plan for your retirement and think of it in terms of cash flow needs. Additionally, we explore the concept of adopting a flexible spending plan for your discretionary expenses by taking more out of your portfolio in an up market and less in a down market. Uncontrollable factors in retirement Loss aversion bias Sequence of return risks Importance of cash flow planning Adopting a flexible spending plan Uncontrollable factors in retirement Inflation risk Longevity risk Market risk Healthcare costs Portfolio shock risks Loss aversion bias and sequence of return risk Role of these factors during the decumulation phase of retirement The impact on your retirement savings and spending strategy Importance of cash flow planning Ensuring your income needs are met during retirement Creating a sustainable withdrawal strategy Adopting a flexible spending plan Balancing discretionary expenses Modifying spending during up and down markets Have question about something I covered? Schedule a coffee chat here with me to learn more. Take our FREE financial health assessment here today. Tune in next week for the final episode of this series. Don't forget to subscribe to The Witty Wallet Podcast to never miss an episode! If you enjoyed this episode, please leave a review on iTunes, Spotify, or your favorite podcast app. Your reviews help us reach more listeners who are interested in improving their financial future.

EPISODE OVERVIEW - Welcome back to The Witty Wallet, your go-to podcast for navigating life's financial twists and turns. Today, we will explore one of the most common questions people ask: "How much do I need to retire comfortably?" We'll analyze different factors determining this seemingly elusive 'magic number' and share some practical tips on planning for a comfortable retirement. Thinking of Your Financial Life as if It Were a Business Treat your personal finances like a business would manage its cash flow Understand both the accumulation and decumulation phases of your financial life Focus on Your Cash Flow Needs, Not Just Building Your Nest Egg Importance of understanding your retirement expenses Scaling down from your current lifestyle or maintaining it Examples of intelligent decisions to make now Remember to subscribe and join the conversation on our social media channels! If you'd like to learn more about our financial services and get a free Financial Health Assessment, visit www.mavenbridgecapital.com. Stay engaged, informed, and stay tuned for our next episode on The Witty Wallet.

Episode Overview: Have you ever considered the financial challenges many people face after losing a spouse, particularly the widow's tax penalty? Join me, Kristoffer Fu for a deep dive into this critical and often-overlooked topic, as we explore what it means and how it can impact your family's financial future. Key Topics: The impact of a spouse's loss on Social Security benefits: Explaining the concept of the widow's tax penalty How this tax can affect the survivor's Social Security benefits How the widow's tax penalty can increase your taxes: The role of tax brackets and tax rates on the widow's tax penalty Understanding the real-life implications of increased taxes Medicare premiums affected by the widow's tax penalty: Discovering how Medicare premiums can be impacted Ways to minimize the effect on your healthcare costs Strategies for proper preparation: Planning with the widow's tax penalty in mind Addressing life insurance’s role in preparing for these potential tax challenges Tips on maintaining your financial stability and planning for the future Links and Resources Mentioned: Kristoffer Fu Maven Bridge Capital Free Financial Plan - Financial Health Assessment Call-to-Action: We hope this episode has shed light on the often-overlooked widow's tax penalty. Remember to subscribe and join the conversation on our social media channels! If you'd like to learn more about our financial services and get a free Financial Health Assessment, visit www.mavenbridgecapital.com. Stay engaged, informed, and stay tuned for our next episode on The Witty Wallet.

Welcome to another episode of The Witty Wallet! I'm your host, Kristoffer Fu, and today we've got a powerful and personal story to share. In this episode, we will dive into the importance of setting financial goals and how having a clear vision for your financial future can revolutionize your life. I'll share my struggles with debt at a young age and how goal-setting helped me escape the credit card debt trap, build personal wealth, and unleash the dream life I always wanted. So buckle up, grab a pen and paper, and let's get started! The Power of Financial Goals Achieving financial freedom Reducing stress and improving decision-making The Consequences of Not Having Financial Goals Debt pile-up Poor decision-making The impact on personal fulfillment and other life areas Tools and Tips for Setting Financial Goals SMART goals (Significant, Memorable, Aspirational, Rewarding, and Timely) Using a planner for goal-setting For more financial resources and education, visit us at Maven Bridge Capital. In today's episode, we journeyed through the incredible impact that setting financial goals can have on your life. By taking control of your financial future, you can escape the credit card debt trap, achieve financial freedom, reduce stress, and truly unleash the dream life you've always wanted. As we wrap up, I want to leave you with a thought-provoking question to reflect on: what are you doing today to set yourself and your loved ones up for financial success? Remember, your future is in your hands - it's time to make your dreams a reality! If you found this episode helpful, please subscribe and share it with others. We're here to help you master your money, and we'll catch you in the next episode!

Witty Wallet Podcast: Episode #5 - Investment Advice and Financial Advice are NOT the Same Thing Featuring Speaker: Kristoffer Fu Episode Duration: 28 minutes Not all advice is created equal - Learn the critical distinction between investment advice and financial advice that could make a difference for your financial well-being. Welcome to a new episode of the Witty Wallet Podcast, where we guide you through the winding world of personal finance! In this episode, we have the pleasure of being joined by our speaker, Kristoffer Fu, the Founder of Maven Bridge Capital and advocate for financial literacy. Kristoffer is here to debunk one of the most widespread misconceptions in the financial sphere: the belief that investment and financial advice are one and the same. Tune in as we go into the significant differences between these two forms of advice and how they can impact your financial decisions. In this fascinating discussion, you will learn: Why investment advice focuses exclusively on growing your wealth through stocks, bonds, and other securities, while financial advice encompasses a broader range of financial planning elements. The critical importance of laying a solid financial foundation - like having a budget, eliminating credit card debt, and establishing an emergency fund - before diving headfirst into the world of investments. How understanding the intricacies of both investment and financial advice can set you up for long-term financial success. Don't miss out on this eye-opening conversation that will shift your perspective on personal finance! To stay up-to-date with our latest episodes and financial insights, subscribe to the Witty Wallet Podcast on your favorite podcast platform. Remember, your financial future starts with a single step, so take this opportunity to join us in making wealth-building accessible and enjoyable! Kristoffer Fu - LinkedIn Maven Bridge Capital - Visit Us Maven Bridge Capital - YouTube

Where does happiness come from? This episode of the Witty Wallet examines the results of a prolonged 85-year Harvard study that suggests happiness is derived, not from money or career success, but from having strong positive relationships. Why is practicing social fitness important especially for those who come into overnight wealth? How can our relationships with our parents or our children affect family wealth? Discover why 70-90% of family wealth can erode over generations and what steps you can take towards reversing such sobering statistics while still building lasting joy in our lives - tune in to this episode now! Helpful Resources Are you concerned about your legacy?  Check out my article "3 Reasons Why Boomer parents and their Millennial children need to get on the same page." CNBC article - 85 year Harvard study - the Number 1 thing that makes us happy in life Want to test if you are Financially Fit?  Take our FAST, FREE, and ANONYMOUS Financial Health Assessment and see how financially fit you are. For more information about Maven Bridge Capital please visit us and schedule a complimentary 1 on 1 with our Founder, Kristoffer Fu Kristoffer Fu - LinkedIn Maven Bridge Capital - LinkedIn Maven Bridge Capital - Facebook Maven Bridge Capital - Instagram Maven Bridge Capital - YouTube Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC.  Investment advisory services offered through Kestra Private Wealth Services, LLC.  Maven Bridge Capital is a member firm of  Kestra Private Wealth Services, LLC, an affiliate of Kestra IS.  Maven Bridge Capital and Kestra IS are not affiliated.

You will probably live longer than you think. This is excellent news, but it also means that you must start planning for retirement sooner than you may have thought. In a recent article in Barrons titled "most people can't answer this one life-and-death question," people are underestimating how long they will potentially live, which is a significant risk to their overall retirement plan and financial well-being.  In this episode of the Witty Wallet, I talk about some things you need to consider when planning for your golden years. I also talk about the potential changes to Social Security in the next decade that can impact your retirement and what you can do to protect your heirs from probate. Helpful Resources Want to be more prepared for retirement?  Check out my article "The Five Myths about Retirement planning that will surprise you." Barron's Article - Most people can't answer this one life-and-death question. Want to test if you are Financially Fit?  Take our FAST, FREE, and ANONYMOUS Financial Health Assessment and see how financially fit you are. For more information about Maven Bridge Capital please visit us and schedule a complimentary 1 on 1 with our Founder, Kristoffer Fu Kristoffer Fu - LinkedIn Maven Bridge Capital - LinkedIn Maven Bridge Capital - Facebook Maven Bridge Capital - Instagram Maven Bridge Capital - YouTube Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC.  Investment advisory services offered through Kestra Private Wealth Services, LLC.  Maven Bridge Capital is a member firm of  Kestra Private Wealth Services, LLC, an affiliate of Kestra IS.  Maven Bridge Capital and Kestra IS are not affiliated.