Uncommon Wealth Podcast

Explore the powerful strategy of Roth conversions with host Phillip Ramsey on the Uncommon Wealth Podcast. Discover how shifting funds from traditional IRAs or 401ks into Roth IRAs can offer tax-free growth and avoid required minimum distributions (RMDs). Phillip unpacks the benefits, timing, and tax implications, providing valuable insights for strategic financial planning. Learn how this technique can enhance wealth and legacy transfer, offering listeners an uncommon approach to managing their finances. Engage with this episode to understand if a Roth conversion could be a beneficial tool for your financial future.

Phillip Ramsey delves into the theme of perseverance on the Uncommon Wealth Podcast. He shares insights on overcoming overwhelming goals by focusing on the next step, drawing inspiration from an ultra-marathon runner's journey and personal reflections from his faith. Philip also explores the idea of trading present challenges for future clarity, urging listeners to cherish the present moment. With a reflective approach, he encourages embracing personal challenges while avoiding unfruitful comparisons, offering a thought-provoking perspective for those navigating an uncommon life.

In this insightful episode of the Uncommon Wealth Podcast, host Phillip Ramsey demystifies the often daunting task of setting up wills and trusts. While the subject might appear uncomfortable and challenging, especially for those with young families, Ramsey provides a fresh perspective that underscores its necessity and benefits. He shares personal experiences and thoughtful observations on how securing a will can provide peace of mind, framing it not as an adulting chore, but as a responsible step toward future-proofing loved ones' welfare. The episode delves into the intricacies of estate planning, including the significance of healthcare directives and the choice of guardianship for minors. Ramsey emphasizes how these tools are not merely legal documents but pivotal instruments for ensuring your loved ones' well-being and financial security in unforeseen circumstances. He narrates a heartening story of a client who turned the process into an event of gratitude and trust, spotlighting the importance of recognizing and including trusted individuals in these decisions. Phillip encourages listeners to embrace the discomfort of these conversations to ultimately find relief and readiness for the future.

Phillip Ramsey dives into the challenges and insights gained from completing the 75 Hard challenge with his close friend Jon Shiplett. They tackled the demanding regimen, which included daily workouts, a strict diet, and consistent hydration, over 75 days. Phillip shares the therapeutic benefits of prioritizing personal health amidst life's responsibilities and the satisfaction of mutual support in this endeavor. As they successfully finish, a new challenge awaits—preparing for a half Ironman in 2026. Listen in to explore the themes of resilience, partnership, and personal growth.

In this episode of the Uncommon Wealth Podcast, Phillip Ramsey delves into the invaluable life lessons that come from taking risks. Phillip articulates how stepping into the unknown can serve as the greatest teacher, highlighting personal anecdotes of adventures ranging from climbing mountains to starting businesses. This episode is a deep dive into how calculated risks pave the way for extraordinary growth, both personally and professionally. Throughout the episode, Phillip explores how the process of embracing risks leads to unparalleled growth and self-discovery. He emphasizes how stepping out of one's comfort zone not only enhances personal development but also strengthens one's faith. By recounting stories like running an ultra-marathon or engaging in unanticipated conversations, Phillip underscores the notion that facing fears head-on nurtures resilience and adaptability. This episode rings true with keywords like "risk-taking," "personal growth," and "overcoming fear," as Phillip passionately shares the importance of keeping an open mind and heart towards new challenges.

In this episode of the Uncommon Wealth Podcast, host Phillip Ramsey explores the beauty and challenges of family vacations, emphasizing viewing these trips as investments in creating lasting memories. He shares a touching personal story of unexpected generosity when a stranger paid for his family's meal during a trip, illustrating how small acts of kindness can have a significant impact. Phil encourages listeners to spread positivity by paying it forward, highlighting the importance of these gestures in a world where many are feeling stressed and financially strained.

In this thought-provoking episode of the Uncommon Wealth Podcast, host Phillip Ramsey delves into the introspective world of comparing personal achievements and wealth to external standards, specifically examining financial comparisons to figures like Elon Musk. Everyone at some point reflects on where they stand financially, but Phillip urges listeners to look beyond immediate successes and towards a broader timeline, especially focusing on one's faith and eternal perspective. Phillip reflects on feelings of jealousy and comparison, drawing parallels to the material success of Elon Musk. He questions the importance of amassing wealth and emphasizes reassessing one's life through the prism of faith and eternal value. Listing personal moments and relationships as invaluable parts of life, he reminds his audience to acknowledge and appreciate their non-material wealth. Financial planning is important, but Phillip suggests that life satisfaction and faith should weigh heavily in personal evaluations. By refocusing perspectives on what truly defines wealth, listeners can find solace and inspiration in the aspects of life that matter most. Key Takeaways: * Reflect on personal wealth not just in financial but also in emotional and spiritual terms. * Recognize the trap of comparing yourself to others, especially on platforms like social media. * Consider the eternal timeline and how your faith shapes your wealth in a broader sense. * Prioritize nurturing relationships and personal growth over solely accumulating material wealth. * Embrace the idea that true wealth is also measured by joy, family, health, and the legacy you leave. Notable Quotes: * "I feel like out of all the gifts that God's given to me, I feel like I should be in a different state or different perspective or financial spot." * "I get to run a business. I love my life." * "Francis Chan... has a long rope on stage... saying, like, hey, let's pretend this first three feet of rope is your life." * "Let's be honest, the things that you're seeing in social media might not be the whole picture." *

In this engaging episode of the Uncommon Wealth Podcast, host Phillip Ramsey takes listeners on a personal journey through the strategic decision-making process that led his company, Uncommon Wealth Partners, towards acquiring a physical office space. Phillip candidly shares the trials and tribulations he faced in attempting to inspire and lead a remote team effectively. The storytelling in this episode underscores his realization of the importance of face-to-face interaction to foster a coherent team spirit. This episode is filled with valuable insights and strategic considerations relevant for business owners contemplating whether to lease or own

In this insightful episode of the Uncommon Wealth Podcast, host Phillip Ramsey welcomes back Cody Kowalski, an intern with Uncommon Wealth Partners, for a follow-up interview. The discussion delves into Cody's experiences and growth during his 10-week internship with the company, highlighting the challenges and learning opportunities that have shaped his professional journey. With the backdrop of an unexpected team change, Cody's role quickly expanded beyond initial expectations, providing him with invaluable hands-on experience in financial planning. Throughout the episode, Cody shares how he learned to adapt to a fast-paced environment, becoming more comfortable with uncertainty and learning from mistakes. His proactive approach to improving the firm's efficiency through leveraging technology demonstrates the transformative impact an intern can have. Cody's reflections on balancing his aspirations between ministry and financial advising reveal his evolving career outlook and commitment to helping others. The episode concludes with practical offers for listeners, showcasing Uncommon Wealth's readiness to embrace new clients and test their refined financial planning processes. Key Takeaways: * Cody Kowalski, initially hesitant about financial planning as a career, eventually found a deep passion for the field through his internship at Uncommon Wealth Partners. * Efficiency and automation became focal points for Cody during his internship as he navigated new responsibilities following unexpected staffing changes. * The support and mentorship Cody received at Uncommon Wealth helped him to integrate his personal values with his professional ambitions, marrying his interest in ministry with a career in finance. * An offer is extended to listeners for a complimentary financial plan, part of a broader initiative to test new, streamlined processes at Uncommon Wealth Partners. * Cody's journey underscores the importance of resilience, adaptability, and the willingness to embrace change in professional environments. Notable Quotes: 1. "I learned how to be uncomfortable... getting thrown into meetings with clients was nerve-wracking but empowering." 2. "Phillip does a good job of throwing you around and saying, figure it out, and you make some mistakes." 3. "Seeing that work as a way to love people... God uses different people in different careers to do God's work." 4. "When a door opens, you walk through it... that's kind of where I'm at, and I'm excited for where I am." 5. "You'll get on the phone with some service representative... and you try to make fun out of these super mundane tasks, be uncommon."

Allison O'Grady joins host Phillip Ramsey on the Uncommon Wealth Podcast to share her journey of founding St. Francis Veterinary Care. After graduating from Iowa State University, Allison's vision of creating something from nothing led her to establish a thriving veterinary clinic. Throughout this episode, Allison discusses the challenges of starting a business, the importance of a supportive partner, and the role of faith in her entrepreneurial journey. Discover how her passion for animals and dedication to service have shaped a unique approach to veterinary care.

In this riveting episode of the Uncommon Wealth Podcast, host Phillip Ramsey welcomes Brandon McNace to discuss his extraordinary journey from corporate America to humanitarian work in Pakistan. What began as a clear corporate career path took a dramatic turn through divine intervention and spiritual calling, leading Brandon to establish Exodus 5:1. The organization he founded focuses on freeing Christian slaves in Pakistan, demonstrating an innovative approach to tackling modern slavery by paying off generations-old debts that bind these families. With discussions around wealth, faith, and freedom, this episode delves into the intricate process of liberating thousands from bonded labor, a modern form of slavery. Brandon details the operational aspects of his mission, including the establishment of schools, churches, and community projects that not only offer immediate relief but also seek to change societal structures. Through heartfelt anecdotes and insights, listeners will learn about the profound impact of one man's willingness to say "yes" to a higher call, leading to real-world impact and meaningful change. Key Takeaways: * Brandon McNace's Transformation: From corporate finance to liberating slaves, Brandon's journey exemplifies a heartfelt pursuit of purpose over profit. * Exodus 5:1's Impact: The organization has successfully freed nearly 1,600 people in Pakistan, changing countless lives through strategic debt repayment. * Faith-Driven Motivation: Brandon's commitment to his faith has fueled his unwavering resolve to pursue an uncommon path in life. * Community Building: Beyond liberation, the organization invests in education and community infrastructure, providing sustainable opportunities for freed individuals. * Legal and Safe Practices: Exodus 5:1 works within legal frameworks to secure the freedom and rights of those they lib

Phillip Ramsey sits down with Justin Wise, an entrepreneur and former pastor, to discuss his unconventional career path and the lessons learned from transitioning across diverse fields. They explore the challenges of entrepreneurship, the importance of creating a business that aligns with personal values, and the possibility of finding fulfillment outside traditional work environments. Justin shares his journey from media to ministry, and eventually to marketing, underscoring the pivotal moments that reshaped his goals. This episode offers insights and encouragement for anyone considering taking an entrepreneurial leap.

In this episode of the Uncommon Wealth Podcast, Phillip Ramsey dives deep into the common anxieties associated with transitioning into retirement. This episode offers valuable insights and practical strategies for easing the stress many feel as they approach this pivotal life phase. Whether you're planning your retirement or already enjoying it, Phillip provides guidance on how to maximize this period, focusing on maintaining purpose, managing finances wisely, and embracing new opportunities. Phillip discusses the psychology behind retirement, addressing the fear of running out of money and illustrating the concept of the "retirement curb" when you shift from earning a paycheck to relying on your nest egg. He emphasizes the significance of having a trusted advisor and explains the three stages of retirement: the go-go years, the slow-go years, and the no-go years. Phillip also highlights maintaining social connections, prioritizing health, and finding purpose beyond the traditional work environment—essential elements for a fulfilling retirement journey. ### Key Takeaways: *   **Retirement Planning**: Engaging with a financial advisor or planner can alleviate much of the anxiety associated with transitioning into retirement. *   **Retirement Stages**: Understanding the three stages of retirement—go-go, slow-go, and no-go—can help prepare for the varied experiences you may face. *   **Financial Security**: A common concern is running out of money; having a well-thought-out financial strategy and increasing cash flow through investments or businesses can mitigate this worry. *   **Maintaining Purpose**: Finding new purposes or projects in retirement ensures a continued sense of identity and reduces the risk of a decreased lifespan associated with a lack of engagement. *   **Health and Social Connections**: Prioritizing health and maintaining social connections are crucial to experiencing a rewarding retirement.

Phillip Ramsey delves into the intricacies of estate planning with a focus on the lesser-known term "Per Stirpes." Using relatable family examples, he explains how selecting this option affects the allocation of IRA benefits and ensures inheritance flows along family lines. Learn how to navigate beneficiary designations to align with your financial intentions, ensuring provision for descendants. Whether you're new to estate planning or looking to deepen your understanding, Phillip's insights offer clarity on making informed decisions to achieve an uncommon life.

In this captivating episode of the Uncommon Wealth Podcast, host Phillip Ramsey engages with Jeff Allen, winner of the inaugural Beast Games—a monumental contest hosted by YouTuber Mr. Beast with a historic $10 million prize. The episode unravels the thrilling experience of participating in such a vast-scale event, Allen's strategy and emotions during the competition, and the profound impact winning has had on his life. The conversation seamlessly transitions from the spectacular to the personal, offering insights into Allen's journey as a father and his mission to harness this newfound attention to advocate for rare disease research. From discussing his initial career in medical device sales to his transformation into a notable media figure, Allen shares the serendipitous events that shaped his path, including the pivotal role his family has played throughout. Listeners are invited to contemplate the importance of faith and resilience as Jeff recounts his faith journey which was deepened by his son Lucas's rare diagnosis. The conversation is laden with themes of perseverance, the power of faith, and the pursuit of purpose-driven goals. Jeff offers a genuine glimpse into how he plans to utilize his winnings beyond personal gain to support families confronting the challenges of rare diseases. Key Takeaways: * Jeff Allen transitioned from a career in medical sales to becoming a content creator and advocate, having won the $10 million Beast Games hosted by Mr. Beast. * Jeff's journey is deeply rooted in family values and faith, which played a crucial role in his life, particularly when coping with his son Lucas's rare disease diagnosis. * Despite the daunting odds at Beast Games with 1,000 contestants, Jeff was able to maintain composure and make strategic moves, ultimately securing a life-changing victory. * Winning the hefty prize has sparked a new mission for Jeff: investing in research for creatine transporter deficiency and supporting other families navigating rare diseases. * The experience at Beast Games fostered lifelong friendships and reinforced Jeff's resolve to turn personal successes into meaningful, broader impacts. Notable Quotes: * "Finding the beauty in the bumps. You think things happen, and good is going to come from it." * "Lucas brought the light of God back to me." * "You can really see somebody's character when things don't go your way."