Shows
The Weekly Wealth PodcastEp 228: Rewiring Your Mindset for Wealth and Worthiness – with Kam KnightContact 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 peopl...2025-08-0846 min
The Weekly Wealth PodcastEp 226: Budgetting is a bad word, money psychology, and the worst kinds of financial adviceDon'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? 2025-07-2522 min
The Weekly Wealth PodcastEp 225: RICH📩 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, colle...2025-07-1828 min
The Weekly Wealth PodcastEP 223: Freedom Isn't Free: Smart Strategies for Financial IndependenceIn 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 you...2025-07-0222 min
The Weekly Wealth PodcastEp 222: Aleatory, Umbrellas & Other Weird Insurance Terms That Actually Matter💡 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?...2025-06-2726 min
The Weekly Wealth PodcastEp 221: Finding Your Voice in a Crowded Market with Munira Zahabi, The Niche Navigator🎧 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 mea...2025-06-2032 min
The Weekly Wealth PodcastEp 220: Business Ownership: Hard Yes. Worth It? Also Yes.🔑 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...2025-06-1320 min
The Weekly Wealth PodcastEp 219: Owning a business is hard🔑 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...2025-06-0621 min
The Weekly Wealth PodcastEp 215: Who is David Chudyk and what does he do?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...2025-05-0223 min
The Weekly Wealth PodcastEpisode 214: From Employee to Entrepreneur: Key ConsiderationsPlease email me, David Chudyk, with any questions, or if you just want to connect: david@parallelfinancial.com Takeaways: Freelancers and independent contractors have more control over their work compared to employees. It's important to remember that freelance income is subject to self-employment taxes, unlike W2 income. Planning for irregular cash flow is crucial for freelancers and independent contractors. Independent contractors can deduct business expenses, which can lower their taxable income significantly. Having a good relationship with a tax professional is essential for managing freelance income. Freelancers must handle their own training and professional development expenses...2025-04-2521 min
The Weekly Wealth PodcastEpisode 213 - Diving into Asset Classes: What You Need to KnowEmail David Chudyk at david@parallelfinancial.com with your questions. Takeaways: In 2025, stock market volatility is a big deal, and we're here to help you make solid financial choices. Understanding different asset classes can empower you to build a stronger investment portfolio. Stocks can be great for long-term value, but they come with market risks and emotional challenges. Bonds are usually more stable than stocks, but they might offer lower returns over time. Real estate offers passive income and tax benefits, but requires careful management and can be illiquid. Cryptocurrency is the new frontier of investment...2025-04-1818 min
The Weekly Wealth PodcastEpisode 211: Trump's Tariffs: Who's Paying the Price (and Who's Going Broke?)Make sure to email David Chudyk with your questions, david@parallelfinancial.com.Takeaways: In this episode, we discussed how tariffs are taxes on imported goods that affect prices. We explored the history of tariffs in the U.S. and their impact on the economy since 1789. The pros and cons of tariffs were examined, including their effects on domestic industries and consumer prices. We talked about the potential consequences of recent tariffs, including increased costs for consumers and trade tensions. The idea that our businesses are designed to give us current results was emphasized...2025-04-0419 min
The Weekly Wealth PodcastEpisode 210: Understanding the Market: Your Guide to Smart InvestingMake sure to email David Chudyk with your questions, david@parallelfinancial.com Takeaways: In investing, there is never a perfect time to start; it's always a bit scary. Being informed about investment terms helps you make smarter financial decisions over time. Market conditions fluctuate, so your investments may not reflect the overall market trends. Understanding metrics like alpha and beta can empower you to evaluate your investments better. The S&P 500 is a popular index, but not all investments follow it equally in performance. Professional financial management adds accountability and systematic decision-making to your investment strategy. 2025-03-2818 minThe Weekly Wealth PodcastEp 209: Copywriting and Comedy: The Perfect Duo for Your BusinessMake sure to email David Chudyk with your question david@parallelfinancial.comYou can find out more about Jill Pavlov by visiting her website copy-pop.comTakeaways: We had our first comedian guest, Jill Pavlov, who brings humor to serious topics. This episode dives into how copywriting can enhance your business strategy effectively. Jill shared her journey in comedy and how laughter serves as a coping mechanism. We discussed the importance of understanding financial tools like credit cards to avoid costly mistakes. The conversation highlighted how humor can bridge tough financial discussions with clients...2025-03-2135 min
The Weekly Wealth PodcastEp 200: Behind the Microphone: My Story and the Future of the Weekly Wealth PodcastEmail DAVID@Parallelfinancial.com with any questions or suggestions for topics.www.weeklywealthpodcast.comwww.weeklywealthpodcast.com/valuebuilderscoreMAIN TAKEAWAYS FROM THIS WEEK'S EPISODE: Reaching 200 episodes of the weekly Wealth Podcast is a rare achievement in podcasting. David Chudyk shares his journey from financial services representative to wealth management professional. The podcast aims to help mass affluent individuals improve their financial lives and understanding. David discusses his focus on business owners, high net worth individuals, and average persons. Financial planning is essential for business owners, who face unique financial challenges and decisions. The podcast will continue...2025-01-1018 minThe Weekly Wealth PodcastUnlocking Success in 2025: Ditch Resolutions for Real ChangeEmail DAVID@PARALLELFINANCIAL.COM with any questionsVisit www.weeklywealthpodcast.com/endgame to get your FREE copy of the book END GAME.Leave your comments or questions at www.weeklywealthpodcast.com/voicemaiTakeaways: New Year's resolutions often fail, with 80% abandoned by mid-February each year. Instead of resolutions, consider identity changes that align with your financial goals. To achieve financial success, focus on daily habits rather than just on end goals. Building wealth requires a mindset shift; think and act like financially secure individuals. Successful people track their finances and understand their spending...2025-01-0316 minThe Weekly Wealth PodcastEp 197: Maximize Your Wealth: Year-End Financial PlanningYear-End Financial Planning for High Net Worth IndividualsIn this episode, David Chudyk, a Certifed Financial Planner(tm) practitioner with Parallel Financial, discusses various financial planning strategies for high net worth and mass affluent individuals as the year comes to a close. He covers topics such as holiday spending plans, Roth IRA conversions, charitable giving, asset allocation reviews, business expense preparations, and end-of-year financial checks. Additionally, David emphasizes the benefits of performing a 'happiness audit' on spending, practicing random acts of kindness, and teaching children about money. Listeners are encouraged to reach out with questions or to...2024-12-1318 minThe Weekly Wealth PodcastThanksgiving Reflections: What We're Grateful For in 2024Don't forget to visit www.weeklywealthpodcast.comEmail David at david@parallelfinancial.comHave a Great Thanksgiving!David Chudyk shares a heartfelt Thanksgiving episode of the Weekly Wealth Podcast, emphasizing the importance of being purposefully thankful every day. He reflects on personal gratitude, including celebrating 25 years of marriage, improved health, and the accomplishments of his children. To deepen the theme of thankfulness, David invites friends, colleagues, and clients to share what they are thankful for, creating a rich tapestry of gratitude that underscores the significance of connection and support in our lives. The...2024-11-2811 minThe Weekly Wealth PodcastEpisode 195 - Financial Faux Pas: 7 Steps to Ensure You Stay BrokeEmail david@parallelfinancial.com with any questionsFollow us on Instagram!Like us on Facebook!Schedule a time to meet!This week's episode of the Weekly Wealth Podcast takes a humorous yet insightful look at how to stay broke. David Chudyk outlines several key strategies that can lead to financial stagnation, such as failing to provide value in your career, surrounding yourself with financially struggling friends, and succumbing to lifestyle creep as your income increases. The discussion emphasizes the importance of taking responsibility for your financial situation rather than blaming external fact...2024-11-2215 minThe Weekly Wealth PodcastEpisode 193: Unlocking Financial Success: 3 Game-Changing Words You Need to KnowEmail david@parallelfinancial.com with any questionsFollow us on Instagram!Like us on Facebook!Schedule a time to meet!This week's episode of the Weekly Wealth Podcast centers around three transformative words that can enhance your financial mindset and overall life: abundance, margin, and risk. David Chudyk dives deep into the transformative power of three key financial concepts that can reshape your approach to money. The first concept is 'abundance,' which encourages listeners to adopt a mindset that sees financial opportunities as limitless rather than scarce. David emphasizes how this...2024-11-0817 minThe Weekly Wealth PodcastEp: 192 Unlocking the Secrets of Net Unrealized Appreciation: A Deep Dive with the ProfessorEmail david@parallelfinancial.com orJustin@parallelfinancial.comDon't forget to visit www.weeklywealthpodcast.comCLICK HERE to download the FREE EBOOK, INSIDE THE MIND OF AN ACQUIRER: Understanding the Potential Buyers of your Business. An exploration of Net Unrealized Appreciation (NUA) takes center stage as David Chudyk engages in a dialogue with financial planner Justin Chastain. NUA represents the unrealized gains from employer stock within retirement accounts and can significantly affect the tax implications when an employee retires or changes jobs. Chastain explains how this concept can save...2024-11-0121 min
The Weekly Wealth PodcastEpisode 191: Money Matters: Building Trust and Teamwork in RelationshipsEmail david@parallelfinancial.com with any questionsFollow us on Instagram!Like us on Facebook!Schedule a time to meet!Money is often the number one stressor in relationships, and in this episode, David Chudyk and couples financial coach Adam Kol dive deep into how couples can navigate financial discussions to foster trust and safety. They discuss the importance of understanding each partner's relationship with money, shaped by their upbringing and past experiences. Adam emphasizes that financial harmony can lead to a stronger partnership, allowing couples to achieve their shared goals with...2024-10-2532 min
The Weekly Wealth PodcastEpisode #190: The Truth About Tax Credits: Are They Too Good to Be True?Email david@parallelfinancial.com with any questionsFollow us on Instagram!Like us on Facebook!Schedule a time to meet!This week on the Weekly Wealth Podcast, we delve into the often-overlooked world of tax credits and how they can significantly reduce your state income tax liability. Host David Chudyk is joined by Harris Sinsley, a corporate tax attorney turned tax credit expert, who explains the legitimacy and benefits of these credits. Listeners will learn about various types of tax credits available, particularly in South Carolina, and how even individuals who aren...2024-10-1827 minThe Weekly Wealth PodcastDisaster-Proof Your Finances: Lessons from Hurricane HeleneAs always, email david@parallelfinancial.com with any questions.Schedule a ChatHurricane Helene has caused significant destruction across several states, particularly in North Carolina, prompting Certified Financial Planner(tm) David Chudyk to share essential disaster preparedness tips. David talked about the importance of reviewing insurance coverage, including homeowners, renters, and auto policies, to ensure adequate protection against floods and other natural disasters. David also highlights the need for emergency cash on hand, as many areas may face power outages that disrupt access to ATMs and banks. Additionally, he stresses the importance of...2024-10-0408 minThe Weekly Wealth PodcastEp 186: The insurance industry is a dumpster fire right now.Email david@parallelfinancial.com with any questions.Download the e-book ENDGAME at www.weeklywealthpodcast.com/endgameCLICK HERE to set your time to speak with David If you are in SC, NC, or GA and have any property and casualty insurance questions, email jessica@cfsig.netIn this episode of the Weekly Wealth Podcast, David Chudyk dives into the rising costs of home and auto insurance rates.Many people are shocked by the steep increases in their insurance bills and points out how important, yet often...2024-09-2020 min
The Weekly Wealth PodcastEp 183: Financial goals and the HACKS that can help you to achieve them.In this episode of the Weekly Wealth Podcast, Certified Financial Planner(tm) David Chudyk discusses the psychology behind financial decision-making, focusing on whether individuals are more motivated by the fear of losing or the desire to win. David explores how these motivations can impact financial behavior, while emphasizing the importance of understanding your own mindset when setting and achieving financial goals. He also highlights the role of positive reinforcement, like the dopamine release from winning, in encouraging good financial habits and building confidence. David encourages listeners to reflect on their own motivations and consider how...2024-08-3020 minThe Weekly Wealth PodcastEp 182: Do you love winning or hate losing (your money)?In this episode of the Weekly Wealth Podcast, David Chudyk delves into the psychology behind financial motivation. He begins by asking listeners whether they are more driven by the fear of losing or the desire to win, relating this to financial goals versus financial fears. Drawing parallels with sports legends like Michael Jordan and Serena Williams, David explores how different motivations can influence our financial decisions. He discusses the importance of recognizing these motivations in managing money and achieving financial success.David also provides practical advice for addressing common financial fears. He emphasizes the importance...2024-08-2321 minThe Weekly Wealth PodcastEP 181: Emergency Stock Market Volatility EpisodeIn this episode of the Weekly Wealth podcast, certified financial planner David addresses the currentstock market volatility and its impact on investors. He discusses the recent significant downturns in majorindices, including the Dow Jones, Nasdaq, and S&P 500, emphasizing the importance of assessingpersonal risk tolerance and time horizons when managing investment portfolios. David highlights theconcept of a "buffer asset"—maintaining adequate cash reserves to weather market downturns andprovide peace of mind. He also explores the potential benefits of annuities for guaranteed income and...2024-08-0922 min
The Weekly Wealth PodcastEP 180: Money 101: Lessons Schools Shouldn't SkipLet's talk about what our children should be learning about MONEY and success in school and at home.Our decisions compound for us (or against us) every day. Small decisions and actions play a large role in determining our long term successes.Financial literacy.We are all paid based on how easy it is to replace us.We must consider earning potential when deciding on our career and education paths.Settling for mediocrity will result in mediocre results.Don't forget to contact David Chudyk with any of your questions by emailing david@parallelfinancial.com ...2024-08-0217 min
The Weekly Wealth PodcastEp 179: Decoding the Language of MoneyDavid, a seasoned certified financial planner at Parallel Financial, and Anna, an associate financial advisor, engage in a dynamic dialogue about their professional ethos and the pivotal role of client relationships in their practice. David eloquently articulates Parallel Financial's commitment to personalized financial strategies tailored to diverse client needs, ranging from business owners to retirees. He emphasizes the importance of listening attentively to clients' aspirations and concerns, steering away from one-size-fits-all approaches in favor of bespoke financial solutions that foster long-term financial security and peace of mind.Anna, drawing on her background in linguistic and cultural understanding...2024-07-2631 min
The Weekly Wealth PodcastEp 178: Justin Chastain... The Financial Planning Professor.In this episode of the Weekly Wealth podcast, host David Chudyk, a certified financial planner with Parallel Financial, engages in an insightful discussion with his colleague, Justin Chastain. They delve into the essence of comprehensive financial planning, emphasizing that it's more than just numbers and investments. Justin shares his journey of becoming a CFP, highlighting the importance of investing in self-worth to better serve clients. They also discuss the multifaceted nature of financial planning, which includes cash flow management, risk assessment, estate planning, and more. Justin illustrates the significance of understanding a client's unique financial situation and mindset, rather...2024-07-1933 min
The Weekly Wealth PodcastEp 174: Care Continuum: Understanding Long-Term Care LevelsWhat key factors and resources are important for planning long-term elder care?In this episode, the discussion between David and Linda, an experienced elder care advisor specializing in helping families navigate the complexities of senior living. She offers personalized guidance in finding suitable independent, assisted, and memory care communities, ensuring the best fit based on clients' needs and budgets. Her services are typically free, as fees are covered by the communities, she focuses on the complexities of long-term elder care. Linda highlights the significant burden on caregivers, pointing out that those spending over 20 hours a week in c...2024-06-2128 min
The Weekly Wealth PodcastEp 172: Ralph Estep of the ASK RALPH PODCASTHow Can High Income Individuals Optimize Their Taxes?In this episode of The Weekly World podcast, host David welcomes Ralph Estep, a financial professional and fellow podcaster, to discuss strategies for optimizing taxes, particularly for high-income individuals. Ralph shares twelve insightful tax tips, ranging from maximizing retirement account contributions to employing children in your business.Ralph emphasizes the importance of being intentional with financial decisions, stressing the need to surround oneself with a "dream team" of professionals including attorneys, accountants, and financial advisors. He highlights the value of tax planning throughout the year, rather than...2024-06-0736 min
The Weekly Wealth PodcastEp 171: Eight Strongly Held Financial OpinionsStrongly Held Opinion #1: You Must DecideDuration: 00:00:22 - 00:02:52David Chudyk emphasizes the importance of making the choice to be financially successful.Key point: "Income minus expenses must be greater than zero."He stresses the necessity of consistently spending less than what is earned.Examples are given to illustrate how increased income and reduced expenses contribute to financial success.Opinion # 2: You Must KnowDavid Chudyk discusses the significance of being aware of one's financial situation.Questions are posed to prompt reflection on financial knowledge and preparedness.Topics include tracking expenses, understanding interest rates, and planning for...2024-05-3117 min
The Weekly Wealth PodcastEp 170: Do LESS but BETTER to build your business.Amber Reynolds of Five Pineapples Consulting (www.fivepineapplesconsulting.com) discusses how business owners can increase their wealth by:Providing a world class customer service experience and discussed the difference between customer service and customer experience.Scaling their businesses.Identifying their super powers.Reach out to Amber at Facebook or on instagram @amberreynolds.meEmail David Chudyk at david@parallelfinancial.com Download the book ENDGAME by visiting www.weeklywealthpodcast.com/endgame2024-05-2438 min
The Weekly Wealth PodcastEp 169: Money CAN buy happiness ?Can money buy happiness?Can you name a problem, where money doesn't make the problem a bit smaller or less severe?In this episode, we discuss some areas where money can make a problem... a bit less of a problem. What do you think? Are these accurate? email david@parallelfinancial.com with your thoughts.Schedule your call with David Chudyk by clicking www.calendly.com/davidpf2024-05-1715 min
The Weekly Wealth PodcastEp 167: Financial Check-Up: Planning Tips for Medical PractitionersIn this episode, financial advisors, David Chudyk and Peyton Hoppes talk about financial planning issues and considerations that are important to:W2 (employee) medical professionals. These include any medical professionals that are employed by an organization and do not have ownership in the entity.Medical professionals who have full or partial ownership in a practice. This includes physicians, chiropractors, physical therapists, etc.Please visit www.promedwealth.com and CLICK HERE to subscribe to the PRO MED WEALTH youtube channel. Peyton Hoppes can also be reached via email peyton@parallelfinancial.comIf you have ever...2024-05-0338 min
The Weekly Wealth PodcastEp 167: EASY ways to go BANKRUPTInsurance is not the sexiest area but it is one of the most overlooked and important areas.In this episode we discuss:Life insurance mistakes that are VERY PREVENTABLE but can have a high cost.Car insurance mistakes to avoid.Some common errors that business owners make with their risk management.You can reach David Chudyk via email david@parallelfinancial.com To book a time to speak with David, visit www.weeklywealthpodcast.com/schedule-a-chatAs a business owner, you're familiar with the challenges and complexities that come with steering your...2024-04-2623 min
The Weekly Wealth PodcastEp 165: Second Chance, Shared Wealth: Financial Tips for Remarried CouplesIn this episode, let's talk about money considerations in second marriages. Some topics to discuss are:How will expenses be divided?How will debt be divided?The importance of financial transparency.Estate planning issues that arise with second marriages.Will (or to what extent) will finances be combined?As always, email david@parallelfinancial.com with any questions or click www.calendly.com/davidpf to set at time to speak with David Chudyk.2024-04-1913 min
The Weekly Wealth PodcastEp 164: The ONE financial question that you should be asking yourself.A common misconception is that a Financial Advisor's job is only to invest his/her clients' money in a way that will get them the highest return possible. While investment management is important, it is only a part of the financial planning process.Another important job of a financial advisor is to help clients to identify risks and to take steps to mitigate the effects of the risks.In this episode, we talk about the CRUCIAL question that you should be asking yourself:"What are two are three things that if they happed...2024-04-1215 minThe Weekly Wealth PodcastEp 162: Life insurance HACKS that you NEED to know.David Chudyk and Justin Sykes discuss non-traditional uses of life insurance. The most common use for life insurance (and a very important use) is for DEATH benefit protection. This provides a cash death benefit to a beneficiary when an insured dies. The death benefit is then, typically, used to pay family expenses.Other uses for life insurance are:Cash Value accumulation.Long term care/critical illness protection.Funding of BUY/SELL agreements.Providing revenue to a company if a key person passes away.To discuss how any of these concepts might fit into your...2024-03-2939 minThe Weekly Wealth PodcastEp 161: Rise above the Money Fog.Author and long time Money Coach, Mikelann Valterra discussed:Money has the power in our lives to give us better lives.The Money FOG stems from our experiences as children.... our childhoods shaped our beliefs about money.Our money beliefs can create forms of financial self sabatoge.Money Guilt.To purchase Mikelann's book, visit Amazon.com: Rise Above the Money Fog: The Key to Confidence, Clarity, and Control Over Your Life: 9780979459795: Valterra, Mikelann: BooksTo learn more about Mikelann or to connect with her, visit her imformative website www.seatlemoneycoach.com To...2024-03-1532 minThe Weekly Wealth PodcastEp. 160: Mastering Your Money: Strategies for Credit Score and Debt SuccessIn this episode we discuss the important topics of credit scores and debt.Firstly we explained:The basics of what a credit score is.The basics of how to improve your credit score.The basics of why your credit score has such a huge impact on many areas of your financial life.Then we jumped into:If you believe that "all debt is bad debt" and are striving to eliminate all of your debt, it might not make the most mathmatical sense, but it is much better than overleveraging.Do not borrow the...2024-03-0821 minThe Weekly Wealth PodcastEp 158: Making your company legally invisible.Scott Royal Smith is an educator, investor, and attorney who helps business owners to protect their assets.We discuss:Ways to protect your company from lawsuits.Being the CEO of your own WEALTH company.Protecting yourself from creditors.Visit Royal Legal Solutions to learn more about Scott and his company.David Chudyk can always be reached for question via email david@parallelfinanancial.com CLICK HERE to download The 8 Drivers of Business Value. CLICK HERE to take the VALUE BUILDER ASSESSMENT.Schedule time to speak with David...2024-02-2334 minThe Weekly Wealth PodcastEp 157: Why is a financial podcast interviewing a Licensed Family Therapist?Licensed Family Therapist, Thomas Castro talks about:Eliminating the need for our partners to act differently in order for us to be happy.In order for us to HAVE different relationships we need to DO different things.How improve the influence in our relationships by framing things differently.increasing the touch factor.Learn more about Thomas Castro by visiting theshinecampus.comDavid Chudyk, Certified Financial Planner(tm) can be reached by emailing david@parallelfinancial.com For the business owners...Take the Valuebuilder assessment at www.weeklywealthpodcast.com/valuebuilderscore...2024-02-1648 min
The Weekly Wealth PodcastEp 154: A former financial advisor talks about mindset and success.Former financial advisor, April Roberts talks about how FIXED mindsets can either help or hurt us in our journeys to success.Make sure to learn more about April via:www.vixengathering.com/link-tree Listen to THE VIXEN VOICE PODCAST www.vixengathering.com/podcast David Chudyk can be reached via email:david@parallelfinancial.com Don't forget to visit www.weeklywealthpodcast.com CLICK HERE to download your FREE copy of The EIGHT KEY DRIVERS OF COMPANY VALUE2024-01-2623 minThe Weekly Wealth PodcastA Deep Dive Into the Secure Act 2.0 with Austin EricksonIn this episode, host David Chudyk welcomes Austin Erickson from John Hancock, Regional Vice President at John Hancock Retirement, to discuss the Secure Act 2.0. They aim to provide valuable information to help individuals and business owners make sound financial decisions.One of the main goals of the Secure Act 2.0 is to make retirement plans easier to access and set up. This applies to both business owners and their employees. The legislation aims to streamline the process of establishing retirement plans, reducing administrative burdens, and making it more convenient for individuals to participate in these plans....2023-11-0245 min
The Weekly Wealth PodcastEven Rich People Make These Financial MistakesWelcome to this week's episode of the Weekly Wealth Podcast! I'm your host, David Chudyk, a certified financial planner with Parallel Financial. In today's episode, we will be discussing three common financial mistakes that even rich people make. Whether you're a seasoned investor or just getting started, this episode will provide valuable insights to help you avoid these pitfalls.Today we'll talk about:The Problem with "Full Coverage" Insurance: "Many people feel like they have quote, full coverage on their vehicle then they will... and it turns out that they had a $500 deductible."...2023-10-2016 minThe Weekly Wealth PodcastEp 139: How to Boost Your Business with Podcasting: An Interview with Dave JacksonDave Jackson began podcasting in 2005 and launched the School of Podcasting (schoolofpodcasting.com). His School of Podcasting show has over 3.3 million downloads. He has helped hundreds of people plan, launch, and grow their podcasts. He is the author of the book Profit from Your Podcast: Proven Strategies to Turn Listeners into a Livelihood, and is a featured speaker at events. In 2016 Dave joined Libsyn (the largest podcast hosting company) as part of their tech support team. In 2018 he was inducted into the Academy of Podcasters Hall of Fame. Find him at www.schoolofpodcasting.comDavid a...2023-09-1430 minThe Weekly Wealth PodcastEp # 138: Your financial homework.... the last one is FUN!In continuing with our recent "back to school" theme, this week's episode focuses on THREE homework items:Take a financial (spending audit). Examine subscriptions/recurring charges and classify outflows as needs/wants.Take time to DREAM BIG! Dream about owning a beach house, paying off seemingly insurmountable debt, making large charitable contributions, or whatever else would bring purpose to your life. When we dream, we tend to ACT!You will have to listen to get # 3!As always, to schedule your appointment with David Chudyk, go to www.weeklywealthpodcast.com/contactusIf you have ever...2023-09-0711 min
The Weekly Wealth PodcastEp 135: BACK TO SCHOOL: Why your kids might end up being poor.If you are like me, you have children and you want them to be financially successful and have minimal financial stress. This episode talks about some ideas that schools should implement into their curriculums and, if they don't then parents should teach their children these concepts.
1. Personal accountability - we have a lot more control over our financial successes (and failures) than we might think that we do. Our decisions matter.
2. Basic financial literacy - we should all know what the basic financial tools are and how to use them to our...2023-08-1117 min
The Weekly Wealth PodcastEpisode 130: Random thoughts about ......Let's talk about:
A quote that might lead to some new investment and financial planning philosophies for you.
Some items to keep in mind when considering a Roth Conversion (can you say IRMAA?)
Events that can cripple you from a financial standpoint.
Don't forget to email david@parallelfinancial.com with any questions and also click on www.weeklywealthpodcast.com/contact to schedule time to speak with David Chudyk
www.allofmyassets.com/value-builder-score
www.allofmassets.com2023-06-3015 min
The Weekly Wealth PodcastEpisode 129: Why your business is NOT building generational wealth (and ... what to do about that awful problem) with Carla TitusCarla Tutus is a fractional CFO who helps business owners to:
1. Understand their cash flows.
2. Plan/forecast for uneven and seasonal revenue streams.
3. TRULY understand what expenses they can afford and what expenses they can not afford.
4. Develop pricing strategies for their businesses that allow them to be profitable.
This is an incredibly insightful episode for the small business owners of the world. Carla and her team are very knowledgable and want to help with your business's financial management.
Make sure to visit Wealth & Worth Within (wealthworthwithin...2023-06-2335 min
The Weekly Wealth PodcastEpisode 127: Real EstateSouth Carolina Attorney, Michael Bagwell discusses:
1. The importance of title searches during real estate transactions
2. The importance of title insurance in real estate transactions.
3. Some of the most common mistakes that sellers and purchasers make when buying and selling real estate.
To contact Mr. Bagwell or to view his firm's social media sites, go to:
email: michael@bkrlaw.net
instagram: @bkrlaw
youtube: Bradley K. Richardson, PC
facebook: Bradley K. Richardson, PC
website: bradrichardsonlaw.com
To set at time to speak with...2023-05-2630 min
The Weekly Wealth Podcast# 126: Your Business's ENDGAMEWhat is YOUR business's endgame?
When do you want to cash out?
Should you cash out?
If you leave your business, what will you do with your life?
If you sell your business, what will you do with the proceeds?
These are all questions to ask yourself about you, your business, and the potential to exit your business ON YOUR TERMS.
To download a free copy of the ebook, "ENDGAME", go to www.allofmyassets.com/endgame
To set up a time do discuss your financial planning issues with David Chudyk either send an email to david@parallelfinancial.com or visit...2023-05-1510 min
The Weekly Wealth PodcastEpisode 124: Don't be BUSY.... with Valari JacksonValari Jackson is known as a dynamic and inspirational speaker. Her engaging style compels you to dig deeper, think higher and get into action quickly. Maybe it’s her NASA training or the years as an Aerospace Engineer that give her the ability to set you on a trajectory to achieve greater than you realized you could.
Valari is a sought-after advisor who knows first-hand, the frustrations and challenges that overwhelm seasoned entrepreneurs. She illuminates blind spots and missed opportunities, and offers a proven framework for systems that optimize resources and increase the bottom li...2023-04-2929 min