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...
Schedule your TEN-MINUTE VISION CALL www.weeklywealthpodcast.com/vision Email david@parallelfinancial.com with any questions🎙️ Episode OverviewIn this episode, host David Chudyk, CFP®, kicks off the Fall Webinar Series with a powerful conversation with Greg Towner, Chief Investment Officer at Parallel Financial. Together, they dive deep into the guiding principles of portfolio management and the importance of investor behavior.Greg introduces the QRLT framework (you’ll have to listen in to discover what each letter stands for!) and shares insights into how disciplined, rules-based investing can help investors avoid the costly pitfalls of fear, greed, and emotional decision-making.Whether you’re an experienced investor or just starting to think about your financial future, this episode offers timeless lessons on quality investments, tax efficiency, and building long-term wealth.What You’ll Learn in This Episode:✅ The QRLT investment process and why it matters for your portfolio✅ How fear, greed, and overtrading erode returns—and how to avoid them✅ Why rules-based investing creates better long-term outcomes✅ The role of tax efficiency in wealth preservation✅ Insights from the live Q&A, including questions from listeners like Archie JohnsonAbout Our Guest: Greg TownerGreg Towner is the Chief Investment Officer at Parallel Financial. With decades of experience in portfolio management, he combines deep knowledge of markets with a disciplined, process-driven approach to building investment strategies that help clients achieve financial security.About the Fall Webinar SeriesThis conversation with Greg is the first in a three-part Fall Webinar Series hosted by Parallel Financial. Upcoming sessions include:September – Greg Towner on portfolio management and investor behaviorOctober – Gordon Short on historical tax preservation trustsNovember – Kam Knight on mindset and behavioral financeConnect with Us📧 Email David directly: david@parallelfinancial.com🌐 Learn more: www.parallelfinancial.com🎧 Listen to past episodes: The Weekly Wealth Podcast
👉 Connect with us on social media for more wealth-building tips:📸 Instagram: @weeklywealthpodcast👍 Facebook: Weekly Wealth Podcast Community🌐 Website: www.weeklywealthpodcast.comIt’s that time of year again—back to school season! And while our kids are busy hitting the books, many of them are missing out on some of the most important lessons of all: how to handle money.In this week’s episode of The Weekly Wealth Podcast, Certified Financial Planner™ David Chudyk shares 10 financial truths he wishes schools would teach kids—plus one powerful bonus tip. These are lessons every parent, student, and young adult needs to hear.💡 Money isn’t just dollars and cents—it’s a tool. A tool to reduce stress, improve lives, and create opportunities. Whether you’re a parent raising teens or a young adult navigating early career decisions, these insights can shape a lifetime of financial confidence.What You’ll Learn in This Episode:💼 Lesson #1: Why the harder you are to replace, the more you get paid🎓 Lesson #2: How college and career choices are some of the biggest financial decisions you’ll ever make💳 Lesson #3: The real cost of credit cards and debt (and how it sneaks up on you)🧾 Lesson #4: The basics of taxes everyone should understand before getting a paycheck📈 Lesson #5: How compounding interest can turn small savings into massive wealth💡 Lesson #6: Why budgeting isn’t about restriction—it’s about priorities⏳ Lesson #7: The opportunity cost of small daily choices (like skipping that $13 lunch)🏠 Lesson #8: Why your parents’ lifestyle took decades to build—and yours will too🛡 Lesson #9: The unsexy but critical role of insurance and risk management😊 Lesson #10: Why money alone won’t make you happy (and what actually does)⭐ Bonus Tip: Choose your hard—both financial sacrifice and financial stress are hard, but one leads to freedomWhy This Episode MattersMost financial stress isn’t about not making enough money—it’s about not handling it wisely. By teaching these lessons early (or learning them now), we can reduce stress, avoid debt traps, and build lives of financial freedom and peace.Resources & Links Mentioned📌 Book your 10-Minute Wealth Vision Call → weeklywealthpodcast.com/vision🎙 Share this episode with a parent, student, or friend who could benefit from learning these lessons!
As always, email david@parallelfinancial.com with any questions!Thank you so much for listening to this episode. PLEASE tell a friend about it.Free Tools for IndividualsDebt Snowball CalculatorPersonal Balance Sheet GeneratorPersonalized Risk Number10-Minute Vision Call with DavidFree Tools for Business OwnersValue Builder Score AssessmentPreScore™ – Personal Readiness to ExitFreedom Point CalculationFree eBooksThe End GameInside the Mind of the AcquirerThe Subscription EconomyThe Riches are in the NichesFamous or Rich?It’s About TimeFreedom Point BookUpcoming WebinarsAugust Webinar – Investor Behavior & Process-Driven Investing📅 Friday, August 22nd at 12 PM ETRegister HereSeptember Webinar – Historic Preservation Trusts (with Gordon Short, GBX Systems)October Webinar – Mindsets & Overcoming Barriers (with Kam Knight)Work With DavidSchedule a ConversationBe a Guest on the PodcastApply HereFollow The Weekly Wealth PodcastInstagramYouTubeFacebook Group
Contact David via email david@parallelfinancial.comGet your VALUE BUILDER SCORE www.weeklywealthpodcast.com/valuebuilderscoreSchedule your 10-minute VISION CALLIn this episode of The Weekly Wealth Podcast, host and Certified Financial Planner David Chudyk welcomes personal development author and mindset coach Kam Knight to dive deep into the psychology of self-worth, resistance, internal dialogue, and financial growth.🔑 Key Topics Covered:Why internal resistance grows when your desires grow—and how to reduce itThe real reason many people sabotage financial opportunitiesPowerful mindset programming techniques for wealth and successThe “Three Statements” Kam gives to his clients to unlock self-worth and productivityHow affirmations and mental reconditioning can eliminate procrastination and create abundanceThe connection between emotional permission and financial success🧠 Kam’s Core Self-Talk Statements:“I deserve.”“I have permission.”“I am having good things.”Kam explains how these seemingly simple affirmations create subconscious permission to take action, earn more, and live a more prosperous life.📚 Bonus Content:At the end of the episode, David shares a list of essential books to help reinforce a success-oriented mindset, including:As a Man Thinketh by James AllenThink and Grow Rich by Napoleon HillAtomic Habits by James Clear…and of course, Kam Knight’s own powerful works on mindset, memory, and focus.🔗 Resources Mentioned:Kam Knight’s Books on AmazonThe Weekly Wealth Podcast Facebook Group – Join the conversation and share your favorite mindset books!
🔗 Resources and Links:10-Minute Wealth Vision Call: WeeklyWealthPodcast.com/vision – Quick, no-pressure financial clarity session.Business Value Builder Score: WeeklyWealthPodcast.com/valuebuilder – Find out how sellable your business is and how to increase its value.Join the Conversation: Weekly Wealth Podcast Facebook Group – Share your thoughts and get accountability on updating your estate plan. What You’ll Learn in This Episode:Why Estate Planning Matters – Key components every plan should include to protect your loved ones and your wealth.Beneficiary Designations – How simple oversights can push your assets into probate and delay inheritance for your heirs.Powers of Attorney Explained – The critical role of financial and medical POAs in incapacity situations.Business Owner Planning – Buy-sell agreements, key person insurance, and succession strategies to keep businesses running smoothly after an owner’s death.Maintaining Privacy – Tools like revocable living trusts and beneficiary designations to avoid public probate proceedings.Celebrity Estate Planning Mistakes – Real-life lessons from Prince, Aretha Franklin, James Gandolfini, Howard Hughes, Heath Ledger, and others.📈 Bonus Strategy:Lifetime Gifting – How gifting assets while alive can reduce estate taxes, simplify probate, and allow you to see loved ones benefit from your generosity now.
Don't forget to share this episode with a friend, family member, colleague, or co-worker. Learn more about David by listening to episode 215: Who is David Chudyk and what does he do? <-- Click here to listen!In this powerful episode of The Weekly Wealth Podcast, Certified Financial Planner David Chudyk pulls back the curtain on why traditional budgeting advice often fails—and how a smarter, psychology-driven approach to spending can lead to long-term wealth.This week’s episode covers three high-impact financial topics:🧠 1. The Psychology of SpendingWhy do we overspend—even when we know better?Learn how your brain tricks you into spending and how you can fight back using:Dopamine control hacks (like the 48-hour rule)Emotional spending triggers to watch out forThe “Would I buy this twice?” litmus testThe impact of comparison culture and social media envy💰 2. Why Budgeting Often Fails (and How to Fix It)Let’s stop calling it a budget—and start building a Spending Plan.David breaks down:Why most high-income earners still struggle with cash flowThe importance of financial margin and how to create itReal-life examples of poor spending habits—even among the wealthyHow to align your expenses with your actual financial goals🚫 3. The Worst Financial Advice Out ThereYou won’t believe some of the terrible advice David’s clients have received!From half-baked Roth conversion ideas to TikTok influencers pushing risky schemes, you’ll hear:The difference between a product pusher and a true fiduciaryWhy “broke friends” shouldn’t be your financial role modelsHow to vet advice—even if it’s from someone you trustRed flags in annuity, insurance, and investment sales pitches🎧 Whether you’re just starting to get control of your spending or you’re a high earner feeling like money slips through your fingers, this episode will challenge your mindset, sharpen your strategy, and help you make better money decisions.🔥 Bonus Hack:Don’t forget to include money for FUN in your spending plan! Financial freedom includes joy—just make sure it fits your financial reality.👉 Liked the episode?Share it with a friend, colleague, or family member. We’re building a tribe of financially empowered listeners, and your share helps us grow!📲 Follow us on Instagram: @weekly_wealth_podcast📺 Watch episodes on YouTube: @theweeklywealthpodcast🌐 Learn more at: www.weeklywealthpodcast.com 🎤 Hosted by David Chudyk, CFP® — Helping high earners, business owners, and the mass affluent make smarter financial decisions and build true wealth.
📩 Let’s Connect!We want to hear from you! Join the discussion in the Weekly Wealth Podcast Facebook Group or email David directly at david@parallelfinancial.com with your thoughts on what being rich means to you.📞 Ready for Clarity?If you're a high earner or business owner and want help taking the next smart step in your financial life, book a free 10-Minute Wealth Vision Call with David today—no pressure, just clarity.📢 Help Us Grow!If you found value in this episode, please share it with a friend, colleague, or family member. Text them a link and say, "I think you'd enjoy this—it's changed the way I think about money."💰 Episode OverviewWhat does it really mean to be rich? In this thought-provoking solo episode, David Chudyk, Certified Financial Planner and founder of Chudyk Financial Services, dives deep into both the quantitative and qualitative aspects of wealth.From net worth benchmarks and income thresholds to real-life examples and pop culture case studies, this episode explores how financial success is about more than just numbers. It’s about freedom, intentionality, and making decisions that improve your life—and the lives of those around you.📌 Topics CoveredIRS and Federal Reserve stats: Who qualifies as top 10%, 5%, and 1% in income and net worth?The Schwab Wealth Survey: What Americans think it takes to be considered wealthyWhy no podcast guest has ever defined wealth in dollarsFreedom vs. income: Why the highest earners don’t always have the best livesReal stories of people who are “rich” in different waysHard choices: Delayed gratification vs. financial insecurity in retirementSmart money behaviors of the truly wealthyStrategic investing and building multiple income streamsThe importance of risk management for wealth preservationSelf-reflection: Is your money helping or hurting your life?🧠 Key TakeawaysBeing rich isn't just about money—it's about freedom, flexibility, and peace of mind.Living below your means and avoiding lifestyle creep is one of the simplest paths to long-term wealth.Financial margin = power—those who can weather a storm without tapping into investments are in control.Risk management matters: Insure against the catastrophic, plan for the unexpected, and protect what you've built.Smart people ask for help: Wealthy individuals often lean on trusted professionals for advice and strategy.🧭 Self-Reflection QuestionAre your current financial decisions improving your life and the lives of those around you—or are they just growing your account balances without real meaning?
As always, please contact me to connect. Whether it's to chat about this week's podcast episode or anything else on your mind: David's CalendarTakeaways: The Big Beautiful Bill is a massive 900-page law that includes tax reforms and spending changes. One major change is the extension of the 2017 tax cuts for individuals, which helps many taxpayers. Seniors will benefit from an additional $6,000 exemption, providing them with more tax relief. Another key point is the introduction of a tax credit for contributions to scholarship organizations. The standard deduction has increased by 10%, making it easier for many to reduce their taxable income. It's crucial to consult with a CPA for tax planning to maximize benefits from the new law. Links referenced in this episode:weeklywealthpodcast.comdavidarallelfinancial.comcalendly.cominstagram.comyoutube.comfacebook.com1weeklywealthpodcast.com
In celebration of Independence Day, this episode dives into a different kind of freedom—financial freedom. David Chudyk, Certified Financial Planner, shares powerful insights on what financial independence truly means for high earners, business owners, and the mass affluent.Spoiler: It’s not just about having a big income—it’s about creating financial margin, controlling your time, and building true wealth.💥 What You’ll Learn:Why 66% of high earners still live paycheck to paycheckThe definition of financial margin and why it's the fuel for freedomHow to spot and stop lifestyle creep before it sabotages your wealthWhy business owners need an exit plan and diversified assetsThe difference between building wealth vs. buying stuffWhy you need investments outside of retirement accountsThe 5-part Declaration of Financial Freedom🧨 David’s Declaration of Financial Freedom:I will grow my financial margin.I will resist lifestyle creep.I will invest in assets that build freedom.I will create a financial vision aligned with my values.I will buy back my time.🧠 BONUS: Snowball Method ExplainedDavid shares a simple and motivating strategy to get out of debt using the snowball method, perfect for anyone ready to crush financial obligations and gain momentum on the path to independence.🎯 Want to Build Your Financial Vision?📞 Schedule your 10 Minute Wealth Vision Call today:👉 www.weeklywealthpodcast.com/visionThis no-pressure Zoom call is designed to bring you clarity, confidence, and direction.📊 Are You a Business Owner?Take the free Value Builder Score assessment to start planning your ideal exit:👉 www.weeklywealthpodcast.com/valuebuilderscore💬 Connect with Us:📸 Instagram: @weekly_wealth_podcast▶️ YouTube: The Weekly Wealth Podcast💬 Facebook Group: Link in bio/show notes
💡 Episode SummaryWe all love talking about growing our money—stocks, ETFs, crypto, and dividends. But what about protecting what we've already worked so hard to earn?In this episode, Certified Financial Planner and property & casualty agency owner David Chudyk dives deep into one of the most overlooked, least "sexy"—but absolutely essential—tools in your financial toolkit: property and casualty insurance. Whether you're a homeowner, a driver, or a business owner, understanding this coverage can protect your financial future in a big way.🧠 What You'll Learn✅ What is Property & Casualty Insurance?A simple breakdown of what it covers—and why you need both sides of the equation.✅ Aleatory Contracts ExplainedDiscover why insurance is not like buying a T-shirt and what that means for your premiums.✅ How Insurance Rates Are CalculatedUnpack the "insurance math" behind your home and auto premiums—what’s in your control and what’s not.✅ Common (and Costly) Insurance MistakesDavid outlines real-world scenarios where people unknowingly void their policies or risk financial ruin.✅ How to Read Your Policy Like a ProLearn the importance of policy exclusions, deductibles, declarations pages, and more.✅ Why “Full Coverage” Doesn’t ExistAnd why your agent should never use that term.✅ The Power of Liability Limits and Umbrella PoliciesProtect your nest egg by going beyond the state minimums.🎧 Listen to our episode on personal liability umbrellas📣 Resources & Links Mentioned🔗 Book your 10-Minute Wealth Vision Call – Get quick clarity on your biggest financial question📱 Follow us on Instagram – For wealth-building tips, mindset strategies, and podcast clips👥 Join our Facebook Group – Ask your questions, share your wins, and connect with fellow listeners🎥 Watch on YouTube – Quick, helpful financial videos for real people🎯 Action StepsTake 5 minutes to review your home and auto insurance policies. Do you know your deductibles? Your exclusions?Schedule a review with a qualified independent insurance agent.Ask your agent about umbrella liability coverage if you don’t already have it.DM David on Instagram or leave a voice message via the podcast website with your insurance questions.🔊 Episode Quote“Insurance isn’t sexy—but it protects everything else you’ve worked so hard for. It’s not about paperwork—it’s about peace of mind.” – David Chudyk🎧 Listen & SubscribeNever miss an episode that helps you build true wealth—financially, mentally, and emotionally.👉
🎧 EPISODE SUMMARY:In this episode of The Weekly Wealth Podcast, host David Chudyk sits down with Munira Zahabi—consultant, author, podcast host, and the renowned Niche Navigator. They explore what it really takes to stand out in today’s noisy marketplace and how giving your business a voice can dramatically shift your visibility and profitability.Whether you’re an entrepreneur feeling unseen or just looking for smarter ways to market yourself, this conversation is packed with real talk, personal stories, and actionable strategies to help you grow with purpose.You’ll learn:What it means to give your business a “voice” (and how to do it right)How being a podcast guest can attract your ideal clientsWhy repetition of your core message = powerful brandingWhy so many business owners feel invisible—and how to fix itThe mindset shifts needed to step into your authority🔥 CALL TO ACTION:🎯 Ready to get clear on your financial direction?👉 VISIT www.weeklywealthpodcast.com/vision to schedule your 10 Minute Wealth Vision Call—a quick, no-pressure Zoom chat to gain financial clarity and take one step closer to your goals.🔗 RESOURCES & LINKS MENTIONED:🌐 Connect with Munira Zahabi at: www.thenichenavigator.com📕 Check out her book Invisible No More on Amazon. CLICK HERE 📩 CLICK HERE to contact Munira via the "Contact" tab on her website to schedule a free 30-minute consult🎙️ Watch David’s appearance on Munira’s Musings:https://www.youtube.com/watch?v=PSkYTEa1OiQ📱 CONNECT WITH US ON SOCIAL MEDIA:Stay connected with The Weekly Wealth Podcast and join the conversation:Instagram → @weeklywealthpodcastYouTube → Weekly Wealth Podcast ChannelFacebook → Weekly Wealth Podcast Community💬 QUOTE FROM THE EPISODE:“If you’re not talking about your business, you’re not giving it a voice. And if your business has no voice, it’s invisible.”
🔑 Episode SummaryIn Episode 220 of The Weekly Wealth Podcast, David Chudyk flips the script from last week’s focus on business challenges to highlight the powerful benefits of entrepreneurship. From unlimited income and legacy-building to personal growth and purpose, this episode is your reminder of why business ownership is one of the most rewarding journeys you can take — financially and personally.🧠 What You’ll LearnThe true upside of owning a business (hint: it's not just money)How business ownership unlocks the 4 Freedoms: time, money, relationships, and purposeWhy your business is your most valuable appreciating assetHow to reverse engineer your ideal life and build your business to fund itWhy personal growth as a business owner creates unstoppable resilienceThe real meaning of generational wealth — and how your business can be the key💬 Quote of the Episode“Let’s make the world a better place by how we handle our money.” — David Chudyk🎯 Action StepTry this: Forward this episode to 5 business owners or friends who could use a reminder that their entrepreneurial journey is worth it. Help us grow the tribe of purpose-driven business leaders.📺 Watch on YouTube🎥 Watch the full episode on YouTube: @theweeklywealthpodcast🔔 Like, comment, and subscribe to stay in the loop!🛠 Resources & Links📊 Take the Value Builder Score → www.weeklywealthpodcast.com/valuebuilderscore📅 Book your free 10-Minute Wealth Vision Call → www.weeklywealthpodcast.com/vision📞 Stay Connected with David Chudyk🔗 Website: www.weeklywealthpodcast.com📸 Instagram: @weeklywealthpodcast📺 YouTube: @theweeklywealthpodcast💼 Facebook Group: Search “Weekly Wealth Podcast”📩 Email: david@parallelfinancial.com🙌 Help Us Spread the Message✅ Forward this episode to 5 business owners⭐ Leave a quick review on Apple or Spotify📲 Share your thoughts on Instagram and tag @weeklywealthpodcast🎯 Hashtag: #WeeklyWealthPodcast
🔑 Episode SummaryIn this episode of The Weekly Wealth Podcast, David Chudyk gets real with business owners — from startup entrepreneurs to seven-figure professionals — and shares the six most common mistakes that sabotage business success and financial peace. This is a must-listen if you want to run a more profitable, less stressful business and finally build lasting wealth.🧠 What You’ll LearnWhy treating your business bank account like a personal ATM leads to disasterHow not knowing your numbers is killing your profitWhy you’re probably undercharging — and what to do about itHow niche focus and diversified income create long-term sustainabilityThe danger of over-reliance on a single client, platform, or employeeWhat subscription models can teach you about cash flow consistency💬 Quote of the Episode"Profit isn’t a bad word — it’s the fuel that lets your business improve lives." — David Chudyk🎯 Action StepTry this: Review your pricing model, track your actual expenses this month, and email David at david@parallelfinancial.com to talk about how a fractional CFO could help your business grow.📺 Watch the Full Episode on YouTubeWant to see the visuals or prefer watching?📲 Subscribe to our YouTube channel: @theweeklywealthpodcast🔔 Don’t forget to like and hit the bell for future episodes!🛠 Resources & Links Mentioned📘 Download the free eBook: The Subscription Economy – 9 Models Any Business Can Use → www.weeklywealthpodcast.com/subscriptioneconomy🧮 Take the Value Builder Assessment → www.weeklywealthpodcast.com/valuebuilderscore📅 Book a 5-minute discovery call with David → [Insert link]📞 Stay Connected with David Chudyk🔗 Website: www.weeklywealthpodcast.com📸 Instagram: @weeklywealthpodcast🎧 Listen to more episodes → https://podcasts.apple.com/us/podcast/the-weekly-wealth-podcast/id1506823732🧠 Want David as your personal CFO? www.calendly.com/davidpf🙌 If You Found This Valuable✅ Share the episode with a friend or business owner⭐ Leave a quick review on Apple or Spotify📲 Tag @weeklywealthpodcast on Instagram🎯 Hashtag: #WeeklyWealthPodcast
As always, you can email me at david@parallelfinancial.com to connect. Takeaways: Making a lot of money doesn't mean you won't face financial struggles down the road. Many high earners face unexpected financial issues despite their wealth and earnings. It's important to manage your spending wisely, regardless of how much you earn. Impulse buying can lead to regret and financial instability, so be mindful of spending. Regular financial check-ins can help keep your money situation in check and prevent issues. Even busy people must confront their financial realities to avoid future problems. Links referenced in this episode:weeklywealthpodcast.comcelebritynetworth.comdavidarallelfinancial.comweeklywealthpodcastinstagram.com/WeeklyWealthPodcastyoutube.com/WeeklyWealthPodcastfacebook.com/WeeklyWealthPodcastCompanies mentioned in this episode: Yahoo Sports Ford CelebrityNetWorth.com Parallel Financial Reebok
david@parallelfinancial.com if you would like to connect on any matter. Takeaways: We learned that enjoying the journey in life is as important as the destination. Witnessing our kids grow through sports has taught us invaluable life lessons. Human nature leads us to focus on negatives; we should aim for a balanced view. Developing a strong network while in college can greatly impact future career opportunities. Sports and college experiences teach us resilience, helping us navigate life's ups and downs. Friendships built during these eras enrich our lives and help us grow together. Links referenced in this episode:weeklywealthpodcast.com
Email david@parallelfinancial.com Download the free ebook www.weeklywealthpodcast.com/subscriptioneconomyInstagram YoutubeTakeaways: Small business owners face unique financial challenges that require careful planning and strategy. Managing personal and business finances simultaneously can be overwhelming for many business owners. Establishing strong financial habits is essential for business owners to achieve long-term success. Creating a retirement plan can help attract talent and ensure personal financial security for business owners. Recurring revenue models can significantly enhance the financial stability of a business over time. Utilizing resources like PEOs can provide small businesses with HR and insurance support they might lack. Mentioned in this episode:Weekly Wealth Website
Don't forget to email david@parallelfinancial.comvisit www.weeklywealthpodcast.com/valuebuilderscoreInstagram(88) The Weekly Wealth Podcast - YouTube In this episode, I share what my financial planning practice does to help clients succeed. I emphasize the importance of understanding each client's unique financial goals and needs. Financial planning is about more than just investments; it includes tax planning and risk management. I explain the seven-step financial planning process that guides my work with clients effectively. I highlight how accountability plays a key role in achieving financial goals for my clients. We discuss the importance of having accurate financial statements to make informed decisions. Mentioned in this episode:Inside the Mind of an AquirerWeekly Wealth Website