The Weekly Wealth Podcast

10h ago

📌 Episode Overview When people hear “investing,” they often think about hot stocks, market predictions, or timing the next big move. In this episode of The Weekly Wealth Podcast , Certified Financial Planner David Chudyk breaks down what truly matters: how your portfolio is structured, balanced, and managed over time . This episode isn’t about what to buy—it’s about why you own what you own , how different investments interact, and how intentional design can lead to better long-term outcomes, especially during market volatility. 🧠 What You’ll Learn Why portfolio construction matters more than picking the “right” investment How investors can own great investments but still get poor results The difference between intelligence and structure in investing Why most portfolios are built unintentionally—and the risks that creates 📊 Key Concepts Explained 🔹 Alpha vs. Beta Alpha : Returns above what the market provides Beta : Exposure to market movement (upside and downside) Why many investors mistake higher risk for true outperformance 🔹 Concentration Risk How overexposure to one stock, sector, or employer can quietly build risk Why diversification doesn’t just grow wealth—it helps preserve it 🔹 Index Funds: Pros & Cons Pros: Low cost Broad market exposure Simplicity and transparency Limitations: Full exposure to market downturns No built-in risk management or tax coordination Increasing concentration within major indexes Index funds are powerful tools—but they are not a full strategy on their own . 🔁 Correlation, Volatility & Real Risk Why assets that look diversified can still move together The difference between volatility (movement) and true risk (permanent loss) How behavior—not numbers—often determines investment outcomes 🏗️ Beyond Stocks: Other Investment Tools David discusses how different assets can play different roles in a portfolio, including: Real estate (direct ownership vs. REITs) Gold and precious metals Private equity and private credit Annuities and lifetime income strategies Each comes with unique risk, liquidity, and complexity trade-offs that must align with your stage of life and financial goals. ⚠️ Why DIY Portfolios Often Struggle Markets change Life changes Taxes become more impactful over time Decisions get harder as portfolios grow Portfolio construction isn’t static—it’s an ongoing process that requires coordination, discipline, and emotional control. ✅ The 5 Questions Every Investor Should Ask What positions should I own? How much of each should I own? Why do I own this position? How does this fit into my overall financial strategy? When might I sell this position? Intentional portfolios answer these questions before emotions take over. 🎯 Bonus Question (Don’t Skip This One) What specific problem would my portfolio solve if markets were flat for the next 10 years? If your portfolio only works in strong markets, it’s not a strategy—it’s a bet. 📞 Next Steps If this episode raised questions about how your portfolio is built, you can schedule a 10-minute Vision Call with David at: 👉 www.weeklywealthpodcast.com/vision No pressure—just a thoughtful conversation. 📣 Stay Connected Follow The Weekly Wealth Podcast on Instagram, Facebook, and YouTube Share this episode with someone serious about building wealth the right way Disclosure: The information and material contained in this communication is confidential and intended for the recipient addressee named. If you are not the intended recipient, please delete the message and notify the sender immediately. Fiduciary Alliance LLC is an Investment Adviser registered with the Securities and Exchange Commission. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy, or the completeness of any description of securities, markets or developments mentioned. Please contact us at 864-385-7999 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions. Our current disclosure brochure, Form ADV Part 2, is available for your review upon request.

Dec 12

Episode Summary In this holiday-inspired episode, David Chudyk shares 10 meaningful financial “gifts” your future self will be grateful for in 2026 and beyond. These gifts aren’t wrapped under a tree—they’re intentional decisions that build clarity, confidence, stability, and long-term wealth. This episode is designed for anyone looking to step into the new year with better habits, smarter planning, and a sense of peace around their finances. Key Topics Covered 1. The Gift of Financial Clarity Understanding your numbers—spending, savings rate, debt, investments, and insurance—gives you control instead of chaos. You don’t need perfect tracking, just greater awareness. 2. The Gift of a Fully Funded Emergency Fund A boring but powerful gift. Cash reserves protect you from crises and help you take advantage of opportunities. Start with one month saved and build toward 3–6 months. 3. The Gift of Intentional (Not Emotional) Spending Wealthy people spend with purpose, not impulse. Focus on experiences, relationships, health, and convenience that aligns with your goals. 4. The Gift of Protecting the People You Love Insurance, wills, power of attorney, and updated beneficiaries—all crucial. Protection isn’t just about money; it's about easing the burden on the people who matter most. 5. The Gift of Better Health Your future self needs movement, sleep, lower stress, stronger muscles, and fewer “fast-food emergencies.” Health is a financial asset—protect it now. 6. The Gift of Automatic Progress Automation beats motivation every time. Automate savings, investments, debt payments, and charitable giving so progress happens without effort. 7. The Gift of Meaningful, Not Generic, Goals Your goals should be specific, measurable, realistic, and emotionally powerful. Tie goals to purpose—for example, buying a beach house for family connection or funding kids’ college for their future freedom. 8. The Gift of Giving in Ways That Matter Give in alignment with your values—whether that means money, time, mentoring, service, or presence. Meaningful generosity benefits the giver as much as the receiver. 9. The Gift of Guidance (Not Going It Alone) Stop trying to figure everything out yourself. Find the “who”—a financial advisor, tax professional, mentor, business coach—to reduce mistakes and speed up progress. 10. The Gift of Saying “No” More Often Protect your time, energy, financial health, and emotional well-being. Every “yes” is also a “no” to something else. Make sure your commitments align with your priorities. Bonus Gift (for Business Owners): The Value Builder Score Discover the current health and approximate value of your business and learn which areas to improve to increase profitability and future sellability. Take the 10–15 minute assessment at: weeklywealthpodcast.com/valuebuilderscore Call to Action • Schedule a 10-Minute Wealth Vision Call : weeklywealthpodcast.com/vision • Connect on social media: Instagram, Facebook, and YouTube @WeeklyWealthPodcast • Email David: david@parallelfinancial.com • Share this episode with friends, family, or colleagues who want to start 2026 with stronger financial habits. Closing David wraps up the episode with gratitude, warm holiday wishes, and encouragement to make decisions that serve the version of you who will be living with them next year—and beyond.

Dec 5

📘 Show Notes: 26 Big Decisions for Wealth Growth Episode Title: 26 Big Decisions for Wealth Growth Host: David Chudyk, CFP® Podcast: The Weekly Wealth Podcast 🔥 Episode Overview In this episode, David breaks down 26 powerful “big decisions” that can dramatically impact your wealth, business, lifestyle, and long-term financial freedom. Instead of tackling everything at once, David challenges listeners to choose one single decision to focus on in 2026—the one that will create a domino effect in every area of life. This episode is perfect for business owners , high-income earners , and successful professionals who want clarity, momentum, and a more intentional wealth strategy. 🔢 Part 1: Quantitative Wealth Decisions (Numbers-Based Moves) These decisions directly affect your net worth, profitability, tax efficiency, and financial structure . Set a target net-worth growth rate for 2026 Focus on increasing business profitability (not just revenue) Restructure your compensation for tax-efficient savings Implement a formal owner-distribution strategy Eliminate one major wealth-dragging liability Reallocate your investments based on real risk capacity Decide whether you will max out all available retirement plans Build a profit reserve for your business (3+ months of expenses) Complete your 2026 tax projection by March 1 Adopt a tax-efficient investment strategy Diversify away from reliance on one major customer Set a personal liquidity target ($50k–$100k+) Align your insurance coverages with actual risk exposure 💡 Part 2: Qualitative Wealth Decisions (Life-Enhancing Choices) These improve clarity, communication, organization, and long-term planning . Create or update your Life & Wealth Master Plan Start preparing early for your business exit strategy Document your business’s standard operating procedures Establish a quarterly financial review rhythm Adopt a “documentation-first” financial habit Strengthen financial communication with your spouse/partner Build your Personal Board of Advisors (CPA, advisor, attorney, etc.) Delegate/automate low-value tasks to reclaim high-value time 🌱 Part 3: Lifestyle, Legacy & Joy Decisions Because wealth is meaningless if it doesn't improve life. Spend intentionally on meaningful experiences Design a generosity strategy (charitable giving, DAF, family giving traditions) Update your estate plan to match your current wealth Consider working with a personal CFO/financial advisor to coordinate everything Choose your ONE big decision for 2026—and commit to it 🎧 Listener Challenge David asks each listener to identify ONE decision from the list that will define their year. Share it by leaving a voicemail at: 👉 www.weeklywealthpodcast.com/voicemail 📞 Helpful Links Mentioned 10-Minute Vision Call: www.weeklywealthpodcast.com/vision Value Builder Score: www.weeklywealthpodcast.com/valuebuilderscore Exit Readiness Prescore: www.weeklywealthpodcast.com/prescore If you have any questions, please email david@parallelfinancial.com 🎤 About the Show The Weekly Wealth Podcast helps high-achieving professionals and business owners build wealth through smart strategies, intentional planning, and prosperous mindsets. With over 176,000 downloads in the last 90 days , the show continues to grow thanks to listeners like you.

Nov 27

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

Nov 21

📘 Show Notes: Episode 243 7 Wealth Leaks Silently Draining High-Earning Entrepreneurs In this week’s episode of The Weekly Wealth Podcast , Certified Financial Planner David Chudyk breaks down seven of the biggest hidden money leaks he sees among high-earning entrepreneurs and business owners. These leaks are subtle, easy to overlook, and can quietly cost thousands each year — but the good news is they’re fixable. David walks you through each leak, explains why it happens, and gives practical steps to plug the problem so you can keep more of what you earn and build intentional long-term wealth. 🔎 What You’ll Learn 1️⃣ Tax Leaks from Poor Structure & Bad Planning Why the wrong entity type, missed deductions, and lack of proactive tax planning can cost high earners 10–20% more each year. 2️⃣ Insurance Gaps & Overlaps How missing coverages, duplicated coverages, rising deductibles, or an underinsured home expose you to unnecessary financial risk. 3️⃣ Poorly Structured Debt Strategies Why high-interest credit cards, inefficient equipment financing, or paying down the wrong debts in the wrong order slows your wealth building. 4️⃣ Uncoordinated (and Unintentional) Investments How scattered accounts, overlap, idle cash, and missing strategy reduce returns and increase tax drag. 5️⃣ Lifestyle Creep The silent wealth killer that grows spending at the same rate as income — and how to reverse it with intention. 6️⃣ Inefficient Exit & Succession Planning Why unprepared businesses sell for less, become unsellable, or create chaos without systems, documentation, and buy-sell agreements. 7️⃣ Lack of a Cash Flow System How entrepreneurs who manage money on “feel” instead of process consistently overspend, under save, and make emotion-based decisions. 🧰 Helpful Links From This Episode 10-Minute Vision Call: www.weeklywealthpodcast.com/vision Value Builder Score: www.weeklywealthpodcast.com/valuebuilderscore Submit Your Thankfulness Recording: www.weeklywealthpodcast.com/voicemail Email David: david@parallelfinancial.com 💬 Bonus Segment: Gratitude Week David invites listeners to share what they’re thankful for this year. Your message may be included in next week’s special Thanksgiving gratitude episode.

Nov 14

🎙️ Episode Title: Boosting Your Business Valuation for Sale Podcast: The Weekly Wealth Podcast Host: David Chudyk, CFP® 💡 Episode Overview In this episode, Certified Financial Planner™ David Chudyk shares practical strategies to increase the value of your business — whether you plan to sell soon or simply want to build a stronger, more profitable company. From leadership pitfalls to recurring revenue models, David outlines actionable ways business owners can make their company more attractive to buyers and create freedom in their lives. 🔑 What You’ll Learn How being “the hub” of your business can decrease its value by up to 35% The leadership style that builds loyalty but hurts valuation Why delegation is one of the most profitable skills a business owner can master How differentiation and innovation can transform a commodity into a category leader The difference between recurring and reoccurring revenue — and why it matters to buyers Simple ways to add predictable income streams and boost your company’s multiple Free tools to measure and improve your business’s value 🧩 Key Takeaways Get out of the hub: Your business should run without you , not because of you. Empower your team: Teach them how the business makes money — and let them own the results. Create differentiation: Solve customer frustrations and stand out, even in a “boring” industry. Build recurring revenue: Predictable income equals higher valuation. Plan early: The earlier you start, the more control you have over your exit outcome. 📚 Resources Mentioned 🧠 The 4 Degrees of Delegation – Free eBook 📈 Value Builder Score 💼 PREScore – Personal Readiness to Exit 💰 Freedom Score – Calculate Your Financial Freedom Number 🧩 Inside the Mind of an Acquirer – Free eBook 📞 Schedule a Vision Call 👤 About the Host David Chudyk, CFP® is a Certified Financial Planner™ and founder of Parallel Financial . With offices in Greenville and Seneca, SC, David helps individuals and business owners make smarter financial decisions, create wealth, and live more fulfilling lives. 🔗 Connect with The Weekly Wealth Podcast 🌐 WeeklyWealthPodcast.com 📸 Instagram: @weeklywealthpodcast ▶️ YouTube: Weekly Wealth Podcast 👍 Facebook: Weekly Wealth Podcast ✉️ Email: David@ParallelFinancial.com ✨ Quote of the Episode “Buyers don’t pay top dollar for a company that revolves around its owner. They want a business — not a boss.” – David Chudyk

Nov 7

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

Oct 30

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