About this episode
š Show Notes: 26 Big Decisions for Wealth Growth Episode Title: 26 Big Decisions for Wealth Growth Host: David Chudyk, CFPĀ® Podcast: The Weekly Wealth Podcast š„ Episode Overview In this episode, David breaks down 26 powerful ābig decisionsā 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 2026āthe 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. š¢ 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 ($50kā$100k+) Align your insurance coverages with actual risk exposure š” 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 businessās standard operating procedures Establish a quarterly financial review rhythm Adopt a ādocumentation-firstā 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 š± 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 2026āand commit to it š§ 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: š www.weeklywealthpodcast.com/voicemail š 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 š¤ 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.