Episodes

4d 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.

Oct 24

In this episode of The Weekly Wealth Podcast , Certified Financial Planner ™ David Chudyk sits down with referral expert and author Stacey Brown Randall to uncover the secrets behind a truly referable client experience . Stacey explains why great service isn’t enough , how to turn everyday clients into raving referral sources , and why asking for referrals can actually hurt your business . Whether you’re a financial advisor, business owner, or sales professional, this conversation will help you re-engineer your client experience so your business grows organically—without cold calls, gimmicks, or awkward scripts. 👉 Grab Stacey’s book: The Referable Client Experience ⏱️ Episode Timestamps 00:00 – Intro: Why referrals are the ultimate financial planning tool 01:00 – Meet Stacey Brown Randall: Referral coach, podcaster, and author 03:00 – Podcasting longevity & creativity: How podcasts build connection and credibility 04:00 – Customer Service vs. Client Experience: Understanding the difference 06:00 – Why most people mislabel “referrals” and what to track instead 07:30 – How small businesses can outshine big companies in experience 10:00 – The 3 Stages of Client Experience: New → Active → Alumni 12:00 – The 50/50 Formula: Great work + relationship touchpoints 16:00 – Overcoming “The Quiet Voice” of buyer’s remorse 18:00 – Example: Sending a “journey card” or handwritten note that reassures new clients 21:00 – Avoiding complacency during long-term client relationships 22:00 – Cookie Box Example: A creative relationship touchpoint before annual reviews 25:00 – Why not every happy client will refer — and that’s okay 27:00 – The Science Behind Referrals: Why you should never ask for them 30:00 – Centers of Influence: How to approach COIs the right way 33:00 – How Stacey works with clients & the programs she offers 35:00 – Lifetime value of a referral & compounding business growth 36:00 – What wealth means to Stacey Brown Randall: Freedom of choice 37:00 – Final Tip: Identify your current referral sources—the “low-hanging fruit” 39:00 – Bonus Content: How listeners can apply the episode immediately 💡 Key Takeaways Client experience = how they feel working with you Great work alone isn’t enough; add relationship touchpoints Avoid the “ask” — referrals come from helping others , not self-promotion Identify who’s already referring you and nurture those relationships first 📚 Resources Mentioned Book: The Referable Client Experience by Stacey Brown Randall Website: staceybrownrandall.com Podcast: Roadmap to Referrals by Stacey Brown Randall Weekly Wealth Vision Call: weeklywealthpodcast.com/vision 🧭 Connect with David Chudyk, CFP® Website: WeeklyWealthPodcast.com Email: david@parallelfinancial.com LinkedIn | Instagram | YouTube | Facebook → @WeeklyWealthPodcast 🎧 The Weekly Wealth Podcast — helping the mass affluent live better lives through how they handle their money.

Oct 17

🏛️ Episode Overview In this episode of The Weekly Wealth Podcast , host David Chudyk, CFP® , sits down with Gordon Short of GBX Group to explore an incredible — and legal — tax strategy that allows high-income earners to use their federal tax liability to invest in historic real estate . If you’ve ever wondered whether your tax dollars could do something more — like restore America’s historic architecture and generate potential returns — this episode is for you. 🎥 Watch the full webinar (with slides and visuals): 👉 https://youtu.be/jvJedhcmAxs?si=p9Eq-Rqwe1cPjysY 💡 What You’ll Learn The History Behind Historic Preservation Incentives: How the destruction of New York’s Penn Station inspired the 1976 creation of federal programs to preserve historic architecture. The Federal Historic Preservation Easement Program: What it is, how it works, and how it’s administered jointly by the IRS and National Park Service under Internal Revenue Code §170(h). GBX Group’s Unique Approach: How GBX identifies, acquires, and rehabilitates historic buildings using investor funds — helping to save American landmarks while offering tax-efficient opportunities. Tax Strategy Deep Dive: How investing in GBX can yield a $2.45 charitable deduction for every $1 invested Why this strategy is typically suited for high earners in the 37% tax bracket The 50% AGI limitation and how it impacts eligibility Real-world examples showing federal and South Carolina tax savings Economic and Community Impact: See how restored buildings like the Municipal Light Plant in Columbus, OH and the YWCA in Nashville, TN have revitalized downtown areas and created jobs. Returns and Real Estate Benefits: How investors can receive both tax deductions and real-estate-based distributions, typically with a five-year hold period and targeted returns. 🧮 Real-World Example A taxpayer expecting to owe $100,000 in federal taxes can instead invest that amount with GBX Group. That $100,000 can generate a $245,000 charitable deduction Producing an immediate tax benefit of ~$90,650 (at the 37% bracket) Plus, potential cash distributions and long-term returns from the underlying real estate For qualifying investors in states like South Carolina , the state tax deduction adds even more value. 🏗️ Why It Matters This episode demonstrates how strategic, congressionally sanctioned tax planning can redirect tax dollars toward socially responsible projects — all while aligning with financial goals and preserving America’s historic landmarks. 👤 About the Guest Gordon Short is with GBX Group , headquartered in Cleveland, Ohio. A former tax accountant, Gordon has spent over a decade helping investors participate in the rehabilitation of historic structures through federally approved programs. 🧭 Connect With David Learn more about building wealth and tax-efficient strategies: 🌐 www.weeklywealthpodcast.com 💬 Schedule your free 10-minute Wealth Vision Call: weeklywealthpodcast.com/vision ⚠️ Disclaimer Investment advice offered through Parallel Financial, an SEC-registered investment advisor, able to conduct advisory business in states where it is registered, exempt, or excluded from registration. The contents herein are for informational purposes only and should not be construed as an offer or solicitation for investment advice or the purchase or sale of any security, insurance, or investment product.

Oct 10

💡 Episode Summary In this week’s Ask the Professor edition of The Weekly Wealth Podcast , host David Chudyk, CFP® , sits down with financial educator and colleague Justin Chastain (“The Professor”) to unpack key tax planning concepts that impact retirement, Social Security, and business owners. Justin—who teaches future CFP® professionals through Dalton Education—shares his trademark mix of deep insight and humor while explaining how proactive tax strategies can create real, lasting wealth. 🧩 Topics Covered 1️⃣ Social Security Taxation How benefits can be taxed at 0%, 50%, or 85% Why income thresholds haven’t changed since 1984 How to plan around working income and Social Security to minimize surprise tax bills 2️⃣ Retirement Accounts & Withdrawals The difference between Traditional IRAs (tax-deferred) and Roth IRAs (tax-free growth) Understanding Required Minimum Distributions (RMDs) When Roth conversions make sense and how to manage tax brackets efficiently 3️⃣ Marginal vs. Effective Tax Rates What your next dollar really gets taxed at How to use bracket management to stay tax-efficient Real examples showing why “being in the 32% bracket” doesn’t mean you’re paying 32% overall 4️⃣ Tax-Loss and Tax-Gain Harvesting Using market volatility to your advantage How to offset gains and manage investment income efficiently Strategies for gifting appreciated stock or donating directly to charities to avoid unnecessary taxes 5️⃣ Legacy & Estate Planning Why charitable giving can reduce both estate taxes and current tax burdens Qualified Charitable Distributions (QCDs) explained How retirees can use RMDs or life insurance to leave a legacy without overpaying Uncle Sam 6️⃣ Business Owner Tax Tips Turning legitimate expenses into deductions Building employee benefits and retirement plans to attract and retain top talent Using goodwill and benefits as part of your company’s long-term value 🎧 Notable Quotes “Money is just a tool to help us live better lives—nothing more, nothing less.” — David Chudyk “Ask your financial advisor: ‘Is tax planning part of your strategy?’ If not, find one who makes it a priority.” — Justin Chastain “It’s not about buying the next hot stock—it’s about knowing where your money is taking you.” — David Chudyk 🗓 Bonus Segment David closes the episode by reminding listeners to collaborate — just as he and Justin do. Partnerships can accelerate your personal and financial growth, whether in business or your financial life. 🔗 Connect with Us 📩 Contact Justin: justin@parallelfinancial.com 📩 Contact David: david@parallelfinancial.com 🌐 Learn more or book your free 10-Minute Vision Call: weeklywealthpodcast.com/vision 📱 Follow The Weekly Wealth Podcast Instagram: @WeeklyWealthPodcast YouTube: Weekly Wealth Podcast Channel Facebook: Weekly Wealth Podcast Community ⚠️ Disclaimer This episode is for educational purposes only and should not be construed as specific tax or investment advice. Always consult with your own financial advisor or CPA before implementing any strategies discussed

Oct 3

In this week’s episode of The Weekly Wealth Podcast , David sits down with Mark Weithorn , a marketing expert turned tech entrepreneur who has spent the last 21 years running a successful web design and CRM company for realtors . From navigating industry disruptions to preparing employees for entrepreneurship to adopting AI responsibly, this conversation is full of lessons every business owner can apply. Whether you’re in real estate, tech, or any small business, the themes of resilience, reinvention, and forward-thinking strategy are universal. What You’ll Learn in This Episode Surviving 21 Years in Tech: How Mark adapted to industry shifts—from radio jingles and newspaper ads to building realtor websites and CRMs—and the mindset required for long-term success. Employee to Entrepreneur: Why making the leap from a steady paycheck to self-employment requires a completely different mindset and skillset—and how to prepare for the challenges ahead. AI in Business: Mark’s perspective on how AI is already shaping industries, where it may be overhyped, and how to use it as a tool to add value rather than frustrate customers. Entrepreneurial Mindsets: Why processes, systems, and delegation are non-negotiable for growth—and how to avoid being the “hub” in a hub-and-spoke business. Financial Reality of Entrepreneurship: Why that big commission check or large invoice isn’t all take-home profit, and how to avoid tax and cash flow pitfalls as a new business owner. About Our Guest Mark Weithorn is the founder of DPI Showcase Websites , serving realtors across the U.S. and Canada for over two decades. His company provides websites, CRMs, and AI-powered lead generation tools designed to help real estate professionals thrive in competitive markets. 📍 Learn more: dpishowcase.com Bonus Content Are you a business owner struggling with processes and consistency? Check out VidGuide —a powerful tool for building your library of SOPs and training materials so your team can deliver a consistent client experience. 👉 Visit weeklywealthpodcast.com/vidguide Stay Connected 🌐 Website: weeklywealthpodcast.com 📸 Instagram: @weeklywealthpodcast 🎥 YouTube: The Weekly Wealth Podcast 👍 Facebook: Weekly Wealth Podcast Community 💼 LinkedIn: David Chudyk, CFP® Disclaimer The information shared in this episode is for educational purposes only and should not be considered investment, legal, or tax advice. Always consult with your own advisors regarding your specific situation.

Sep 26

Episode Overview Your business is likely your biggest asset—but are you treating it like one? In this week’s episode of The Weekly Wealth Podcast , Certified Financial Planner™ David Chudyk breaks down the eight key drivers of company value that make your business more attractive, sellable, and profitable. Whether you’re years away from selling or just want to build a business that runs smoothly without you, these strategies will help you create a more valuable, marketable, and enjoyable company. You’ll also hear about two tools designed for business owners who want clarity on their next steps: The Personal Readiness to Exit Questionnaire : weeklywealthpodcast.com/precore The Value Builder Score : weeklywealthpodcast.com/valuebuilderscore What You’ll Learn in This Episode ✅ Why your business is an asset—and how to increase its value. ✅ The 8 Drivers of Company Value (financial performance, growth potential, Switzerland structure, valuation teeter-totter, recurring revenue, monopoly control, customer satisfaction, and the hub & spoke). ✅ Questions every owner should ask: Would you buy your own business? Would you pay a premium or demand a discount? ✅ Practical ways to reduce owner dependence so your business thrives without you. ✅ How small shifts—like adding recurring revenue or improving customer experience—can transform your company’s worth. Bonus Content 🎯 Business Owners: Wondering if you’re ready to exit? Take the Personal Readiness to Exit Questionnaire now at weeklywealthpodcast.com/precore . Resources & Links 📊 Take your Value Builder Score : weeklywealthpodcast.com/valuebuilderscore 💻 Schedule a 10-Minute Wealth Vision Call : weeklywealthpodcast.com/vision 📱 Follow us on Instagram , YouTube , and Facebook (search Weekly Wealth Podcast ). About Your Host I’m David Chudyk , Certified Financial Planner™ and Certified Value Builder Advisor. Through my wealth management practice and The Weekly Wealth Podcast , I help the mass affluent and business owners live better lives through smarter financial decisions. As both a financial planner and business advisor, I help owners treat their companies as the powerful wealth-building tools they truly are.

Sep 19

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 Takeaways Why 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. Timestamps 00:00 – Welcome & announcements (YouTube, Instagram, Facebook links) 03:12 – The first big mistake: over-contributing to 401ks 12:10 – Liquidity, taxes, and why other buckets of money matter 18:44 – Risk vs. rate of return: why both extremes can be dangerous 28:55 – How risk tolerance shifts as you age 37:22 – Business owners and the danger of mixing business/personal money 47:10 – Free tools and resources you can use right now 51:05 – Bonus thought: why financial isolation leads to bad decisions Free Tools & Resources Mentioned 10-Minute Vision Call → weeklywealthpodcast.com/vision Debt Snowball Calculator → weeklywealthpodcast.com/debt Business Value Builder Score → weeklywealthpodcast.com/valuebuilderscore PreScore (Readiness to Exit) → weeklywealthpodcast.com/precore Freedom Score → weeklywealthpodcast.com/freedomsCore Bonus 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 Podcast YouTube : Weekly Wealth Podcast Channel Instagram : @WeeklyWealthPodcast Facebook : Search Weekly Wealth Podcast 👉 Don’t forget to share this episode with a business owner, high earner, or friend who might be unknowingly making these money mistakes. ⚠️ Disclaimer: The information contained herein, including but not limited to research, market valuations, calculations, estimates, and other materials obtained from Parallel Financial and other sources, are believed to be reliable. However, Parallel Financial does not warrant its accuracy or completeness. These materials are provided for informational purposes only and should not be construed as an offer to buy or sell any security. Past performance is not indicative of future results.

Sep 12

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 Specialist Resources & Links 📍 Book your free 10-Minute Wealth Vision Call : weeklywealthpodcast.com/vision 📍 Learn more about financial strategies and tools at weeklywealthpodcast.com Final Thoughts Wealth 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

Sep 5

Email david@parallelfinancial.com with your questions. Don't forget to schedule your 10-minute vision call www.weeklywealthpodcast.com/vision Episode Summary It’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 Episode Why 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.com Stay Connected 📸 Instagram: Follow Here ▶️ YouTube: Subscribe Here 👥 Facebook Group: Join Here

Aug 29

Schedule your TEN-MINUTE VISION CALL www.weeklywealthpodcast.com/vision Email david@parallelfinancial.com with any questions 🎙️ Episode Overview In 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 Johnson About Our Guest: Greg Towner Greg 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 Series This 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 behavior October – Gordon Short on historical tax preservation trusts November – Kam Knight on mindset and behavioral finance Connect with Us 📧 Email David directly: david@parallelfinancial.com 🌐 Learn more: www.parallelfinancial.com 🎧 Listen to past episodes: The Weekly Wealth Podcast

Aug 22

👉 Connect with us on social media for more wealth-building tips: 📸 Instagram: @weeklywealthpodcast 👍 Facebook: Weekly Wealth Podcast Community 🌐 Website: www.weeklywealthpodcast.com It’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 freedom Why This Episode Matters Most 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!

Aug 15

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 Individuals Debt Snowball Calculator Personal Balance Sheet Generator Personalized Risk Number 10-Minute Vision Call with David Free Tools for Business Owners Value Builder Score Assessment PreScore™ – Personal Readiness to Exit Freedom Point Calculatio n Free eBooks The End Game Inside the Mind of the Acquirer The Subscription Economy The Riches are in the Niches Famous or Rich? It’s About Time Freedom Point Book Upcoming Webinars August Webinar – Investor Behavior & Process-Driven Investing 📅 Friday, August 22nd at 12 PM ET Register Here September Webinar – Historic Preservation Trusts (with Gordon Short, GBX Systems) October Webinar – Mindsets & Overcoming Barriers (with Kam Knight) Work With David Schedule a Conversation Be a Guest on the Podcast Apply Here Follow The Weekly Wealth Podcast Instagram YouTube Facebook Group

Aug 8

Contact David via email david@parallelfinancial.com Get your VALUE BUILDER SCORE www.weeklywealthpodcast.com/valuebuilderscore Schedule your 10-minute VISION CALL In 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 it The real reason many people sabotage financial opportunities Powerful mindset programming techniques for wealth and success The “Three Statements” Kam gives to his clients to unlock self-worth and productivity How affirmations and mental reconditioning can eliminate procrastination and create abundance The 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 Allen Think and Grow Rich by Napoleon Hill Atomic 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 Amazon The Weekly Wealth Podcast Facebook Group – Join the conversation and share your favorite mindset books!

Aug 1

🔗 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.

Jul 25

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 Spending Why 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 for The “Would I buy this twice?” litmus test The 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 flow The importance of financial margin and how to create it Real-life examples of poor spending habits—even among the wealthy How to align your expenses with your actual financial goals 🚫 3. The Worst Financial Advice Out There You 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 fiduciary Why “broke friends” shouldn’t be your financial role models How to vet advice—even if it’s from someone you trust Red 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.

Jul 18

📩 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 Overview What 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 Covered IRS 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 wealthy Why no podcast guest has ever defined wealth in dollars Freedom vs. income: Why the highest earners don’t always have the best lives Real stories of people who are “rich” in different ways Hard choices: Delayed gratification vs. financial insecurity in retirement Smart money behaviors of the truly wealthy Strategic investing and building multiple income streams The importance of risk management for wealth preservation Self-reflection: Is your money helping or hurting your life? 🧠 Key Takeaways Being 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 Question Are 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?

Jul 11

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 Calendar Takeaways: 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.com davidarallelfinancial.com calendly.com instagram.com youtube.com facebook.com 1weeklywealthpodcast.com

Jul 2

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 paycheck The definition of financial margin and why it's the fuel for freedom How to spot and stop lifestyle creep before it sabotages your wealth Why business owners need an exit plan and diversified assets The difference between building wealth vs. buying stuff Why you need investments outside of retirement accounts The 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 Explained David 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/vision This 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

Jun 27

💡 Episode Summary We 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 Explained Discover why insurance is not like buying a T-shirt and what that means for your premiums. ✅ How Insurance Rates Are Calculated Unpack the "insurance math" behind your home and auto premiums—what’s in your control and what’s not. ✅ Common (and Costly) Insurance Mistakes David outlines real-world scenarios where people unknowingly void their policies or risk financial ruin. ✅ How to Read Your Policy Like a Pro Learn the importance of policy exclusions, deductibles, declarations pages, and more. ✅ Why “Full Coverage” Doesn’t Exist And why your agent should never use that term. ✅ The Power of Liability Limits and Umbrella Policies Protect 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 Steps Take 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 & Subscribe Never miss an episode that helps you build true wealth—financially, mentally, and emotionally. 👉 Apple Podcasts 👉 Spotify 👉 YouTube 👉 Visit our Website

Jun 20

🎧 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 clients Why repetition of your core message = powerful branding Why so many business owners feel invisible—and how to fix it The 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 → @weeklywealthpodcast YouTube → Weekly Wealth Podcast Channel Facebook → 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.”

Jun 13

🔑 Episode Summary In 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 Learn The true upside of owning a business (hint: it's not just money) How business ownership unlocks the 4 Freedoms : time, money, relationships, and purpose Why your business is your most valuable appreciating asset How to reverse engineer your ideal life and build your business to fund it Why personal growth as a business owner creates unstoppable resilience The 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 Step Try 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

Jun 6

🔑 Episode Summary In 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 Learn Why treating your business bank account like a personal ATM leads to disaster How not knowing your numbers is killing your profit Why you’re probably undercharging — and what to do about it How niche focus and diversified income create long-term sustainability The danger of over-reliance on a single client, platform, or employee What 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 Step Try 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 YouTube Want 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

May 23

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.com celebritynetworth.com davidarallelfinancial.com weeklywealthpodcast instagram.com/WeeklyWealthPodcast youtube.com/WeeklyWealthPodcast facebook.com/WeeklyWealthPodcast Companies mentioned in this episode: Yahoo Sports Ford CelebrityNetWorth.com Parallel Financial Reebok

May 16

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

May 9

Email david@parallelfinancial.com Download the free ebook www.weeklywealthpodcast.com/subscriptioneconomy Instagram Youtube Takeaways: 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

May 2

Don't forget to email david@parallelfinancial.com visit www.weeklywealthpodcast.com/valuebuilderscore Instagram (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 Aquirer Weekly Wealth Website

Apr 25

Please 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, which can add up. Links referenced in this episode: www.allofmyassets.com david@parallelfinancial.com www.weeklywealthpodcast.com Mentioned in this episode: Inside the Mind of an Aquirer Weekly Wealth Website

Apr 18

Email 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, with huge potential but also extreme volatility and regulatory uncertainty. Links referenced in this episode: weeklywealthpodcast.com youtube.com instagram.com facebook.com Companies mentioned in this episode: Apple CNBC Federal Deposit Insurance Corporation Parallel Financial

Apr 11

Get your Personal Financial Balance sheet at www.weeklywealthpodcast.com/balancesheet Email David@parallelfinancial.com with your questions. Reach Adam Anderson on Linkedin 🚀Adam Anderson | LinkedIn Takeaways: In this episode, we dive into the exciting concept of space whiskey and its potential market. Adam shares his journey of transitioning from a CEO to focusing on his entrepreneurial passions in space. We discuss the unique challenges and opportunities of aging whiskey in space using sound waves. The podcast covers how community and networking play a crucial role in entrepreneurial success. We explore the importance of having a solid sales process when stepping back from direct sales. Adam emphasizes the need for entrepreneurial resilience and adapting to challenges in business. Links referenced in this episode: threatcaptain.com linkedin.com/in/adamandersonceo Companies mentioned in this episode: Fire Forge Brewer Wall Street Greenville NASA Richard Branson Necker island Threat Captain Mentioned in this episode: Inside the Mind of an Aquirer Weekly Wealth Website Inside the Mind of an Aquirer Weekly Wealth Website

Apr 4

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 and discussed. Finally, we encouraged listeners to think critically about tariffs and their broader economic implications. Links referenced in this episode: www.parallelfinancial.com instagram.com/weeklywealthpodcast Mentioned in this episode: Weekly Wealth Website

Mar 28

Make 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. Links referenced in this episode: www.weeklywealthpodcast.com Mentioned in this episode: Inside the Mind of an Aquirer Weekly Wealth Website

Mar 21

Make sure to email David Chudyk with your question david@parallelfinancial.com You can find out more about Jill Pavlov by visiting her website copy-pop.com Takeaways: 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. We emphasized the value of outsourcing tasks like copywriting to focus on business growth. Mentioned in this episode: Weekly Wealth Website

Mar 14

Make sure to email david@parallelfinancial.com Follow us on Instagram Join our FACEBOOK GROUP Takeaways: In times of stock market volatility, it's important to ask how it impacts your personal financial situation. Consider potential opportunities in the market; downturns can lead to undervalued assets worth investing in. Diversification is key; make sure your investments are not overly concentrated in one area or asset class. Evaluate your investment time horizon; long-term investors might tolerate short-term volatility better than short-term ones. Have a solid investment strategy that aligns with your goals and avoid impulsive decisions based on trends. Your financial habits should reflect your long-term goals; prioritize needs over wants to reduce stress. Mentioned in this episode: Weekly Wealth Website

Mar 7

Email david@parallelfinancial.com with any questions. CLICK HERE TO GET YOUR VALUE BUILDER SCORE Takeaways: In this episode, we discuss how recent stock market volatility is affecting investors' emotions and financial decisions. We emphasize the importance of having different buckets of money for short-term and long-term investments to manage risks better. The podcast covers financial instruments like indexed annuities and buffered ETFs that can help protect against market downturns. We talk about the significance of maintaining adequate cash reserves, especially for those nearing retirement, to weather financial storms. We explore the impact of political events, like potential tariffs and their effects on market stability, to understand broader economic trends. Links referenced in this episode: facebook.com/WeeklyWealthPodcast david@parallelfinancial.com Mentioned in this episode: Inside the Mind of an Aquirer Weekly Wealth Website

Feb 28

Email David@parallelfinancial.com with any questions Don't forget to get your valuebuilder score by visiting www.weeklywealthpodcast.com/valuebuilderscore Please connect with Trina Julian by going to: trinajulian.com trinajulian.com/newsletter trinajulian.com/instagram Takeaways: This episode dives into how business owners can improve profitability and automate operations. Trina Julian shares her journey of building and selling her landscaping business successfully. Building a business requires systems and processes that can operate without constant oversight. It's essential for business owners to let go of perfectionism and delegate tasks effectively. The right mindset can help entrepreneurs justify their need for freedom and balance in work-life. Creating relationships with clients is key to retaining business and ensuring customer satisfaction. Mentioned in this episode: Weekly Wealth Website

Feb 21

As always, make sure to email David@parallelfinancial.com with any questions. Don't forget to get your VALUEBUILDER SCORE at www.weeklywealthpodcast.com/valuebuilderscore Leadership is a skill that can be improved with practice, just like any other skill. Great leaders show vulnerability and admit their shortcomings to their teams regularly. Leaders should lead by example, demonstrating the behaviors they want to see in their teams. Defining success clearly for your organization is essential to align team efforts effectively. Providing recognition for both big and small accomplishments fosters a positive team culture. Effective communication skills are vital for a leader's influence and earning potential. Mentioned in this episode: Weekly Wealth Website

Feb 7

As always, email david@parallelfinancial.com with any questions and get your value builder score at www.weeklywealthpodcast.com/valuebuilderscore Learn more about David Steele by visiting https://davidsteel.xyz/ Takeaways: In this episode, we dive into the principles of business success with David Steele, who is a seasoned entrepreneur. David Steele shares how his journey blends finance, creativity, and philanthropy to build sustainable wealth. The conversation emphasizes the importance of making financial decisions based on facts rather than assumptions or feelings. Successful entrepreneurs need to focus on building generational businesses instead of chasing quick exits for financial gain. We discuss how essential it is for business owners to delegate tasks effectively to scale their operations without micromanaging. David highlights the importance of having a solid financial foundation before venturing into entrepreneurship, ensuring personal stability. Links referenced in this episode: davidsteel.xyz Mentioned in this episode: Weekly Wealth Website

Jan 31

Email david@parallelfinancial.com Don't forget to visit www.weeklywealthpodcast.com Join our FACEBOOK GROUP Schedule your time with David at www.calendly.com/davidpf Takeaways: Social media can be a source of misleading financial advice, so be cautious. Understand the motivation behind financial influencers, as they often promote their own products. 401(k) plans can be beneficial, especially with employer matches and Roth options available. Not all financial advice is suitable for everyone; it's important to assess personal circumstances. Be wary of bold claims made by influencers that may not reflect reality. Consult a certified financial planner to create a customized financial roadmap tailored to your goals. www.weeklywealthpodcast.com Mentioned in this episode: Weekly Wealth Website

Jan 24

Email david@parallelfinancial.com Join us on Facebook Takeaways: Understanding basic financial planning is crucial before diving into advanced strategies. Tax mitigation strategies such as state tax credits can significantly reduce your tax burden. Participating in tax credit funds requires accredited investor status and can offer substantial savings. Utilizing 1031 exchanges allows for deferring capital gains taxes on real estate investments. Cost segregation studies can accelerate depreciation deductions, increasing cash flow for investors. Private market investments provide opportunities for diversification but come with higher risks and illiquidity. Links referenced in this episode: www.weeklywealthpodcast.com davidarallelfinancial.com

Jan 17

Contact David via email david@parallelfinancial.com Don't forget to visit www.weeklywealthpodcast.com Takeaways: Mastering financial basics is crucial for long-term success, just like athletes rely on fundamentals. Establishing an emergency fund of six to twelve months of expenses reduces financial stress. Understanding your investment risk tolerance is essential for aligning your portfolio with your goals. Consistently reviewing your insurance coverage helps protect your financial assets from unexpected events. Clarifying your money philosophy with family can guide better financial decisions in the future. Regularly check your beneficiary designations to ensure they align with your current wishes. #financialbasics #highnetworth #investing #personalfinance #weeklywealthpodcast #financialgoals #massaffluent #riskmanagement #financialstress

Jan 10

Email DAVID@Parallelfinancial.com with any questions or suggestions for topics. www.weeklywealthpodcast.com www.weeklywealthpodcast.com/valuebuilderscore MAIN 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 to provide diverse content for various audiences, including guests and experts.

Jan 3

Email DAVID@PARALLELFINANCIAL.COM with any questions Visit www.weeklywealthpodcast.com/endgame to get your FREE copy of the book END GAME. Leave your comments or questions at www.weeklywealthpodcast.com/voicemai Takeaways: 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 habits regularly. Generosity and giving back can significantly enhance your financial and personal well-being. Links referenced in this episode: www.weeklywealthpodcast.com www.weeklywealthpodcast.comendgame www.weeklywealthpodcast.com >> The discussion surrounding New Year’s resolutions takes center stage as David Chudyk marks the beginning of 2025 with a thought-provoking analysis of why these resolutions often fail. He cites troubling statistics indicating that a significant number of individuals abandon their goals shortly after the New Year, prompting an exploration of the underlying reasons for this trend. Rather than simply dismissing resolutions as ineffective, Chudyk invites listeners to reconsider their approach by shifting their focus from the goals themselves to the mindset and identity that drive their behavior. Chudyk posits that many people enter the New Year with high hopes for change, but the resolutions they set are often too broad or unrealistic. Instead of saying, “I want to be fit” or “I want to save more money,” he suggests that individuals adopt an identity-based approach: “I am a healthy person” or “I am financially savvy.” This kind of identity shift encourages individuals to engage in daily actions that are consistent with their desired self-image, making it easier to cultivate behaviors that lead to successful outcomes. Through practical examples, Chudyk illustrates how he has applied this identity approach in his own life and encourages listeners to critically assess their self-descriptions and beliefs. Moreover, the episode delves into the significance of establishing sustainable habits and systems that support long-term goals. Chudyk emphasizes that while setting ambitious resolutions can be energizing, it is the small, consistent actions that ultimately lead to success. He shares insights on effective financial practices, the importance of enjoying one’s money, and the transformative power of generosity. By fostering a mindset of abundance and accountability, listeners are empowered to take proactive steps toward achieving their aspirations. This comprehensive approach to personal development offers a refreshing perspective on goal-setting, encouraging individuals to embrace their desired identities and craft a fulfilling and prosperous 2025.

Dec 20, 2024

Make sure to visit www.weeklywealthpodcast.com Email David@parallelfinancial.com Leave a message or comment at www.weeklywealthpodcast.com/voicemail As we reflect on the past year, it's crucial to recognize the valuable lessons we've learned that can guide us into the future. This episode highlights 24 key insights from 2024, emphasizing the importance of maintaining a long-term perspective on finances and the necessity of having financial margins to reduce stress. Join me as we delve into these lessons to inspire a prosperous and fulfilling year ahead. Takeaways: Our health is precious, and we should actively work to optimize it. Creating financial margin can significantly reduce stress and prepare you for unexpected expenses. Excellence in your work is the best sales tool; prioritize quality and integrity over flashy tactics. It's essential to maintain a long-term perspective on investments, even during market fluctuations. Consistent small efforts in health and finances lead to significant results over time. Being generous not only helps others but enriches our own lives, so give freely. #lessonsof2024 #lowcarb #carnivore #accountability #goals #excellence #financialtips #health #weightloss #stockmarkets #optimize #weeklywealthpodcast

Dec 13, 2024

Year-End Financial Planning for High Net Worth Individuals In 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 consider working with David for personalized financial advice. 00:00 Introduction and Podcast Overview 01:34 Holiday Spending Plans 03:09 Understanding Roth Conversions 05:18 Charitable Giving Strategies 08:57 Year-End Investment Check-Up 10:43 Business Owner Year-End Tips 13:40 Non-Traditional Financial Planning 16:36 Conclusion and Contact Information

Nov 28, 2024

Don't forget to visit www.weeklywealthpodcast.com Email David at david@parallelfinancial.com Have 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 episode serves as a reminder to appreciate the blessings we have, whether they be family, health, or community. With moving reflections from various contributors, this episode encourages listeners to express their gratitude and cherish the moments that matter most. Thanksgiving serves as a backdrop for this heartwarming episode of the Weekly Wealth Podcast, where host David Chudyk delves into the significance of gratitude in our daily lives. He articulates how being purposefully thankful can transform perspectives and foster a sense of contentment. David shares personal stories from his family life, particularly the tradition of playing the 'thankful game' with his children, which has instilled in them a lasting appreciation for even the simplest joys. This practice, he argues, is not just a family bonding activity but a crucial element in building a prosperous mindset that can influence one's financial decisions and overall wealth management. Throughout the episode, David reflects on the many blessings he has experienced over the past year. Highlighting his 25-year marriage to his wife Jill, significant health improvements through dietary changes, and the academic achievements of his children, he paints a picture of a fulfilling and grateful life. These personal anecdotes serve to remind listeners of the importance of recognizing and celebrating successes, both big and small. David also expresses gratitude for the supportive network surrounding his wealth management practice, emphasizing that a strong team is vital for both personal and professional growth. The episode takes an engaging turn as David invites friends, colleagues, and clients to share their own expressions of gratitude. This segment features a variety of voices, each reflecting on what they are thankful for, from family and health to community support and personal achievements. The diverse contributions create a rich, communal atmosphere that underscores the episode's central theme: gratitude is a powerful force that connects us all. David encourages listeners to not only reflect on their own blessings but also to articulate their thankfulness to those around them, reinforcing the podcast's message of connection and appreciation during the holiday season. Takeaways: David emphasizes the importance of practicing gratitude daily, not just during Thanksgiving. He shares personal reflections on family, health, and the joy of togetherness. Listeners contribute their own thankful messages, showcasing diverse reasons for gratitude. Chudyk highlights the significance of community support during challenging times. He believes that expressing gratitude can enhance our overall mindset and well-being. The podcast encourages everyone to recognize and appreciate the good in their lives.

Nov 22, 2024

Email david@parallelfinancial.com with any questions Follow 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 factors. David also shares tips specifically for business owners, highlighting the pitfalls of control-freak behavior and neglecting proper financial management. While the advice is presented with a touch of sarcasm, the underlying message encourages listeners to reflect on their financial habits and consider how to improve their financial well-being. Takeaways: To stay broke, avoid making yourself valuable by solving big problems in your career. Surround yourself with financially struggling friends and imitate their behaviors to ensure you also stay broke. Always purchase the most expensive home and car that banks will lend you money for, ignoring long-term consequences. Maintain a victim mentality by blaming external factors for your financial struggles rather than taking personal responsibility. Embrace lifestyle creep by spending every raise you receive, ensuring you never save for the future. Don't seek professional advice from experts, as this can lead to financial improvement you want to avoid.

Nov 15, 2024

Email david@parallelfinancial.com with any questions Follow us on Instagram ! Like us on Facebook ! Schedule a time to meet ! Delving deep into the subject of bankruptcy, this episode features Adrienne Hines, an established bankruptcy attorney, who aims to reshape the narrative surrounding this often stigmatized financial solution. Hines begins by addressing the misconceptions that plague public perception of bankruptcy, arguing that it is a necessary tool for many who face overwhelming debt due to unforeseen life events such as job loss, medical emergencies, or divorce. Rather than viewing bankruptcy as a failure, Hines encourages listeners to see it as a brave step towards regaining financial stability. Through her experience, she brings to light the reality that many people find themselves in debt not due to poor choices but rather due to circumstances beyond their control. The podcast explores the technical aspects of bankruptcy, detailing the distinctions between Chapter 7 and Chapter 13 filings. Hines clarifies that Chapter 7 allows individuals to eliminate unsecured debts like credit cards and medical bills, while Chapter 13 involves a structured repayment plan for those who wish to keep their assets. She emphasizes that bankruptcy is a transparent process that does not equate to moral failure, but rather reflects a legal right designed to help individuals recover from financial distress. Hines also provides a candid overview of the financial implications post-bankruptcy, assuring listeners that it is possible to rebuild credit scores and achieve financial goals in the years following a bankruptcy filing. Ultimately, Hines advocates for a shift in how society views bankruptcy, arguing for a more compassionate understanding of those who file. The episode serves as a resourceful guide for anyone contemplating bankruptcy, highlighting the importance of seeking legal advice to navigate this complex process. With her passion for demystifying bankruptcy, Hines empowers listeners to take control of their financial futures, illustrating that bankruptcy can be a pivotal step towards financial freedom and wealth building. Takeaways: Bankruptcy is often misunderstood; it should be viewed as a financial tool rather than a moral failing. A Chapter 7 bankruptcy discharges unsecured debts like credit cards and medical bills, but income limits apply. Many people face bankruptcy due to life events like job loss, divorce, or medical emergencies, not just overspending. The process of bankruptcy is transparent, and courts typically do not deny it unless there's fraud. Post-bankruptcy, individuals can rebuild credit quickly, often achieving a good score within 12 to 18 months. Seeking advice from a bankruptcy attorney is crucial before making financial decisions that may impact your situation. Links referenced in this episode: www.theladylikelawyer.com adrienne@theladylikelawyer.com

Nov 8, 2024

Email david@parallelfinancial.com with any questions Follow 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 perspective can influence not just financial decisions but overall life satisfaction, advocating for a shift from fear-based thinking to one of generosity and optimism. By embracing an abundance mindset, individuals can open themselves up to new income-generating opportunities and foster a culture of lifelong learning that is essential for adapting to an ever-changing economic landscape. The second concept discussed is 'margin,' specifically financial margin, which refers to the buffer created by the gap between income and expenses. David highlights the psychological benefits of having financial margin, such as reduced anxiety and a more relaxed approach to financial obligations. He encourages listeners to evaluate their spending habits, especially regarding subscriptions and debt, to create more breathing room in their budgets. By doing so, they can enhance their mental well-being and be better prepared for unexpected expenses or emergencies, ultimately leading to a more fulfilling life. Lastly, David introduces the idea of 'risk'—not as a reckless gamble but as a necessary component of growth and progress. He shares personal anecdotes that illustrate how taking calculated risks can lead to significant rewards, both financially and personally. The episode culminates in a call to action, urging listeners to reflect on their own lives and identify areas where they can embrace risk, thereby enriching their experiences and potentially transforming their financial futures. Through these three foundational words—abundance, margin, and risk—David provides listeners with practical tools to enhance their financial literacy and overall quality of life. Takeaways: Adopting an abundance mindset allows you to see opportunities for growth and income. Financial margin is crucial for reducing stress and improving mental well-being in life. Taking calculated risks can lead to personal growth and unexpected opportunities in life. Emphasizing lifelong learning increases financial well-being and adaptability to changing markets. Cultivating a mindset of generosity stems from believing in abundance for everyone. Making financial decisions that enhance your margin can lead to a more fulfilling life. Links referenced in this episode: www.weeklywealthpodcast.com www.weeklywealthpodcast.com/endgame

Nov 1, 2024

Email david@parallelfinancial.com or Justin@parallelfinancial.com Don't forget to visit www.weeklywealthpodcast.com CLICK 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 clients substantial amounts in taxes if managed wisely, particularly by rolling over stock into a brokerage account rather than a traditional retirement account, thus allowing for more favorable capital gains tax treatment. What YOU need to know: Net Unrealized Appreciation (NUA) allows employees to manage stock appreciation differently for tax benefits. Understanding NUA can significantly lower tax obligations by utilizing capital gains rates instead of ordinary income tax. When rolling over employer stock, it’s crucial to separate shares into a brokerage account for tax advantages. Timing distributions from your retirement account can save substantial amounts in taxes over the long term. Being proactive with NUA planning involves knowing your tax situation before making major financial decisions. Seeking help from financial advisors can prevent costly mistakes regarding retirement stock plans and distributions. Mentioned in this episode: Weekly Wealth Website

Oct 25, 2024

Email david@parallelfinancial.com with any questions Follow 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 without the burden of financial anxiety. The conversation also explores the dynamics of spending and saving within relationships, highlighting that both roles have their merits and challenges. Ultimately, the episode encourages listeners to approach money conversations with openness and collaboration, paving the way for a fulfilling life together. The conversation tackles the complex dynamics of money management within relationships, underscoring the importance of trust and safety in financial discussions. Adam Kol stresses that many couples inadvertently allow their financial anxieties to dictate their interactions, creating a cycle of stress and misunderstanding. He advocates for open, reflective conversations about money, encouraging couples to examine their individual backgrounds and beliefs about finances before making joint decisions. The episode highlights the necessity of approaching financial discussions not as confrontations but as opportunities for connection. By sharing their financial histories and aspirations, partners can cultivate an environment of empathy and support that transforms money discussions into collaborative efforts rather than contentious debates. Chudyk and Kol advocate for a mindset shift where financial planning becomes a shared journey, allowing couples to align their goals and dreams while navigating financial challenges together. This episode serves as a valuable resource for listeners looking to enrich their relationships through improved financial communication and strategy. Takeaways: Building a healthy relationship requires addressing the intertwined aspects of financial and relational health. Reflecting on personal money histories can ease financial discussions between partners significantly. Money is often the leading stressor in relationships, not necessarily the root cause of divorce. Effective communication about finances involves understanding each other's perspectives and emotional triggers. Couples should aim to align their financial goals and create a plan that supports both partners' needs. Developing a financial strategy together can enhance teamwork and intimacy in a relationship. Links referenced in this episode: couplesfinancialcoach.com https://www.couplesfinancialcoach.com/book?rq=book adam@couplesfinancialcoach.com

Oct 18, 2024

Email david@parallelfinancial.com with any questions Follow 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't developers can take advantage of them to save money. Harris shares insights on how to navigate the complexities of tax credits and emphasizes the importance of year-round tax planning. Whether you're an accredited investor or simply looking to keep more of your hard-earned money, this conversation provides valuable information to enhance your financial strategy. Navigating the intricate world of taxes can often feel daunting, but this week’s discussion sheds light on a valuable tool available to individuals and developers alike: tax credits. David Chudyk, a certified financial planner, engages with tax expert Harris Sinsley to explore how tax credits can significantly reduce state income tax liabilities. Harris begins by demystifying tax credits, explaining them as a dollar-for-dollar reduction in tax owed, and highlighting their role as government incentives aimed at encouraging positive behaviors, such as investing in renewable energy or historic preservation. The conversation delves into specific types of credits available in South Carolina, including historic and low-income housing tax credits, and addresses common misconceptions surrounding their legitimacy. Listeners are encouraged to consider how they might leverage these credits to enhance their financial strategies, with insights into the requirements for becoming an accredited investor to participate in these opportunities. Takeaways: Tax credits are a dollar-for-dollar reduction of tax liability, incentivizing positive behavior by the government. Developers can use state-level tax credits to reduce their tax liabilities significantly. An accredited investor can save substantially on taxes through participation in tax credit funds. Investing in tax credits requires a capital contribution, typically at a discounted rate. Many CPAs may not be aware of tax credits, leading to underutilization by clients. Tax planning is a year-round strategy, not just something to address during tax season. Links referenced in this episode: www.weeklywealthpodcast.com david@parallelfinancial.com hsinsley@monarchprivate.com https://www.monarchprivate.com/ https://www.linkedin.com/in/harris-sinsley-a99347116/

Oct 11, 2024

Email david@parallelfinancial.com with any questions Follow us on Instagram ! Like us on Facebook ! Schedule a time to meet ! If you find yourself stuck in a dead-end job, feeling unfulfilled and yearning for change, this conversation is for you. Karin Freeland, a certified life coach and former corporate workaholic, shares her journey of transformation and offers valuable insights on how to break free from the golden handcuffs that keep many high-achieving women tethered to their unfulfilling careers. We explore the emotional struggles of making a career pivot and the importance of addressing fears related to finances, self-worth, and purpose. Karin emphasizes the need for a clear plan and the power of support from professionals and peers as you navigate this challenging transition. By turning inward and exploring what truly excites you, you can uncover your true calling and start living a life aligned with your values and passions. Takeaways: Transitioning from a corporate job to pursuing your passion requires a clear plan and support. Understanding your fears is crucial; write them down to overcome them effectively. Living a fulfilled life enhances your roles, making you a better partner and parent. Exploring new interests can lead to unexpected career opportunities and personal growth. Confidence is built through action; taking small steps can lead to significant change. Wealth encompasses time, freedom, health, and relationships beyond just financial stability. Links referenced in this episode: karinfreeland.com Buy Karin's book here https://x.com/KarinFreeland https://www.instagram.com/karinfreeland/ https://www.facebook.com/KarinFreelandLifeCoaching https://www.youtube.com/@karinfreeland https://www.linkedin.com/in/karinfreelandaviles/ karinfreeland.com/podcast

Oct 4, 2024

As always, email david@parallelfinancial.com with any questions. Schedule a Chat Hurricane 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 backing up critical documents and being aware of disaster relief programs while remaining vigilant against potential scams that often arise in the aftermath of such events. This emergency episode aims to equip listeners with practical strategies to safeguard their finances and assist their communities during challenging times. Takeaways: It's essential to review your insurance policies, especially for flood and wind coverage. Keep some cash on hand for emergencies when power outages disrupt electronic payments. Establish an emergency fund with three to six months' worth of accessible savings. Digitally back up important documents like insurance policies and estate planning papers. Be aware of post-disaster scams and verify the legitimacy of relief offers. HELO others in your community during disasters, as support is crucial. Links referenced in this episode: www.weeklywealthpodcast.com

Sep 27, 2024

Schedule a Chat (weeklywealthpodcast.com) Email your questions to DAVID@PARALLELFINANCIAL.COM This week's episode talks about a neglected risk management tool... DISABILITY INSURANCE. It the core, disability insurance protects your paycheck and can allow you to be able to continue paying your bills when/if you are unable to work and get paid.

Sep 20, 2024

Email david@parallelfinancial.com with any questions. Download the e-book ENDGAME at www.weeklywealthpodcast.com/endgame CLICK 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.net In 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 overlooked, financial planning tools like property and casualty insurance are. The episode aims to break down the complexities behind these rate hikes and offers insights into the factors driving up insurance costs. THE REAL NUMBERS David also shares his personal experience with rising insurance rates, noting that since 2021, his home insurance premiums have surged by over 40% without any claims, while his auto insurance has risen by 74.6%. THE INDUSTRY He then provides a detailed explanation of how property and casualty insurance works, touching on the industry's financial losses, including a $14 billion underwriting loss by State Farm in 2023. ACTION ITEMS For your auto insurance make sure to: Keep a clean driving record. Speeding tickets are almost 100% preventable. Do not EVER let your insurance lapse. If your company offers a usage-based rating system, consider using it. Work with a good local independent agency who can shop your policies, if needed. For your home insurance: Make sure that you are keeping your home in good repair. Avoid hazards (debris in front yard, unfenced pools, etc) Work with a good local independent agency who can shop your policies, if needed.

Sep 13, 2024

In this episode of the Weekly Wealth Podcast, host David explores the impact of financial habits, behaviors, and philosophies on our lives. He encourages listeners to reflect on key questions such as "What does money mean to you?" and "What financial lessons do you want to pass on to your children or grandchildren?" David discusses various perspectives on money, including its role in providing security, freedom, and power, as well as the importance of teaching positive financial habits like budgeting, saving, and financial literacy to the next generation. He also emphasizes the need to confront negative money behaviors, such as living beyond one's means and impulse spending, and their potential effects on family life. David dives into the significance of money in relationships, particularly marriage, highlighting how financial stability can reduce stress and strengthen teamwork through shared goals. He also touches on the business owner's perspective, encouraging entrepreneurs to view their businesses as tools for improving their lives and those of their loved ones. Finally, David addresses the sensitive topic of end-of-life planning, stressing the importance of having clear directives regarding financial distribution, advanced medical care, and funeral preferences to ease the burden on loved ones. Here are somethings to think about: How do your financial habits and behaviors impact your life and relationships? What does money mean to you personally—security, freedom, or something else? What financial lessons do you believe are important to pass on to future generations? How can parents teach children about budgeting and financial responsibility? How does financial stability contribute to a healthy marriage or relationship? What role should shared financial goals play in building teamwork between spouses or partners? Email questions do david@parallelfinancial.com Schedule your appointment at www.calendly.com/davidpf Download ENDGAME www.weeklywealthpodcast.com/endgame

Sep 6, 2024

In this episode of the Weekly Wealth podcast, the focus is on understanding the Solo 401(k) plan, a valuable tool for entrepreneurs and business owners. Host David introduces a new monthly segment called "Ask the Professor," where he and his guest, Justin Chastain, will dive deeply into various financial products and concepts. Justin, who is also a financial advisor and educator, discusses the Solo 401(k) plan, highlighting its unique benefits for those who are self-employed or own a small business with no employees other than themselves. The Solo 401(k) allows for significant tax-deferred contributions and offers flexibility in investment choices, making it an attractive option for individuals with substantial cash flow. The conversation covers key aspects of the Solo 401(k), including contribution limits, which mirror those of traditional 401(k) plans but allow for higher maximum contributions, especially if you’re over 50. Justin explains that this plan is ideal for business owners who have higher income levels and seek to maximize their retirement savings. Additionally, the Solo 401(k) offers various investment options and potentially lower fees compared to traditional 401(k) plans, though it does require careful management to avoid complications, especially as the account grows. The episode wraps up with advice for business owners on how to evaluate whether a Solo 401(k) is the right choice for them and how they can get in touch with Justin for further guidance. Email David@parallelfinancial.com or Justin@parallelfinancial.com Download ENDGAME at www.weeklywealthpodcast.com/endgame

Aug 30, 2024

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 they influence their financial decisions. David also delves into common financial goals for individuals and business owners, such as paying off debt, saving for major purchases, and planning for business exits. He emphasizes the importance of breaking goals into smaller steps, seeking accountability, and visualizing success to stay motivated. By understanding the psychological drivers behind financial decisions, listeners can better align their actions with their goals and ultimately achieve greater financial success. Here are some questions to consider: How does mindset influence financial decisions? What impact does dopamine from winning have on financial behavior? What strategies help maintain motivation for YOUR financial goals? Email david@parallelfinancial.com Visit www.weeklywealthpodcast.com for all previous episodes. CLICK HERE to download ENDGAME.

Aug 23, 2024

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 of having a solid spending plan, maintaining buffer assets like cash equivalents, and considering annuities for guaranteed income in retirement. Additionally, he covers the significance of life and disability insurance for young families, ensuring financial security in case of unexpected events. David wraps up by discussing investment fears, advocating for diversification, holding bonds, and exploring alternative asset classes to mitigate risks in the stock market. Here's something to think about: How does David suggest listeners can support the Weekly Wealth podcast? What does David believe is the impact of how we handle our money? What type of clients does David focus on in his wealth management practice? What common fear among retirees or pre-retirees does David discuss in the podcast? What are two strategies David mentions to prevent running out of money in retirement? Why does David think having a buffer asset is important? Email David@parallelfinancial.com Visit www.weeklywealthpodcast.com Download ENDGAME at www.weeklywealthpodast.com/endgame

Aug 9, 2024

In this episode of the Weekly Wealth podcast, certified financial planner David addresses the current stock market volatility and its impact on investors. He discusses the recent significant downturns in major indices, including the Dow Jones, Nasdaq, and S&P 500, emphasizing the importance of assessing personal risk tolerance and time horizons when managing investment portfolios. David highlights the concept of a "buffer asset"—maintaining adequate cash reserves to weather market downturns and provide peace of mind. He also explores the potential benefits of annuities for guaranteed income and non-stock market investments like private equity, which can offer diversification away from traditional market fluctuations. The episode delves into actionable strategies for navigating financial stress during turbulent times. David encourages listeners to focus on controllable aspects of their financial lives, such as reviewing insurance coverage and managing budgets. He discusses tax loss harvesting and Roth conversions as ways to optimize tax liabilities during market declines. Additionally, he advises being mindful of spending habits, particularly for those nearing or in retirement, to avoid locking in losses during downturns. For further guidance, David invites listeners to reach out via email or schedule a complimentary consultation to address their concerns and financial goals. Here's something to think about: How much risk am I comfortable taking with my investments? Do I have enough cash reserves to cover at least a year’s worth of living expenses? Have I considered tax loss harvesting to offset capital gains? Would a Roth conversion be beneficial given my current IRA balance? How often do I review and adjust my financial and investment strategies? CLICK HERE to view Parallel Financial 20 Minute Market Update videos. David Chudyk can always be reached via email david@parallelfinancial.com or you can schedule your meeting by visiting www.calendly.com/davidpf

Aug 2, 2024

Let'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 Download ENDGAME at www.weeklywealthpodcast.com/endgame www.allofmyassets.com www.calendly.com/davidpf

Jul 26, 2024

David, 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, draws a compelling parallel between her proficiency in translating languages and her role in demystifying financial complexities for clients. She underscores the transformative impact of clear communication and empathy in building trust and facilitating informed financial decisions. Together, their insights underscore a holistic approach to financial advising that marries technical expertise with genuine client care, positioning Parallel Financial as a beacon of integrity and excellence in the realm of wealth management. Reach out to Anna Wolford by emailing anna@parallelfinancial.com or call 864 385-7999 David Chudyk can be reached via email david@parallelfinancial.com Schedule your appointment with David at www.calendly.com/davidpf Download the free ebook, ENDGAME at www.weeklywealthpodcast.com/endgame As always, thank you so much for your support and make sure to share this podcast with your friends.

Jul 19, 2024

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 than offering one-size-fits-all advice. David and Justin also address common reasons why people avoid working with financial planners, such as guilt or anxiety about their financial past or future. They emphasize the importance of empathy and understanding in financial planning, aiming to align financial strategies with clients' values and life goals. Through personal anecdotes and professional insights, they illustrate how a well-structured financial plan can provide peace of mind and help individuals live better lives. David concludes by reiterating that true wealth is achieved when money positively impacts one's life and the lives of loved ones, urging listeners to see financial planning as a holistic approach rather than just a numbers game. Here's something to think about: What is comprehensive financial planning? Why is understanding your financial mindset important? Which financial planning areas are crucial for you? How does empathy from a financial planner help? How can a financial plan improve your peace of mind? Are your financial strategies aligned with your values? Make sure to Email Justin@parallelfinancial.com or you can reach him via telephone at 864 385-7999 David Chudyk can be reached at david@parallelfinancial.com or you can schedule your time with him at www.calendly.com/davidpf Download your copy of the free ebook "Inside the mind of an acquirer" by visitting www.weeklywealthpodcast.com/insidethemind

Jul 12, 2024

Take the VALUEBUILDER SCORE www.weeklywealthpodcast.com/valuebuilderscore Email david@parallelfinancial.com with your questions. Schedule your time to meet with David www.calendly.com/davidpf In this episode of the Weekly Wealth Podcast, host David, a certified financial planner, emphasizes the importance of business owners not neglecting their business as a major asset. He discusses how business owners often focus on increasing the value of their IRAs and brokerage accounts but overlook strategies to enhance the value of their business. David highlights three of the eight key drivers of company value: reducing the owner's direct involvement (hub and spoke), building recurring revenue, and maximizing growth potential. These strategies can help business owners sell their companies for higher multiples or make their business operations more profitable and less stressful. David introduces the Value Builder System, which he uses to help business owners assess and increase their company's value. He encourages listeners to take the Value Builder Score assessment, a tool that provides an evaluation of a business from a buyer's perspective, including scores on the eight key drivers of value. This episode provides practical advice for business owners looking to increase the profitability and sellability of their businesses, ultimately helping them achieve a better financial future. Here's something to think about: Why should business owners view their business as a significant asset? What is the 'hub and spoke' factor, and how can business owners avoid becoming too essential to their business? How does recurring revenue benefit a business compared to one-time sales? Why is growth potential important for a business's valuation? How can business owners assess and improve the value of their business? What is the Value Builder Score, and how can it help business owners?

Jul 4, 2024

Financial Independence – What It Means and How to Achieve It. In this episode of the Weekly Wealth Podcast, Certified Financial Planner David discusses financial independence, tying it to the spirit of Independence Day. Recorded during the week of July 4th, 2024, David explores strategies and common pitfalls that can either aid or hinder one's journey towards true financial freedom, especially for high net worth and mass affluent listeners. David begins by defining financial independence as the ability to live the life you want without being constrained by financial limitations. He emphasizes the importance of reducing stress and having control over your finances to enhance overall life quality. Financial stress can negatively impact mental and physical health. David discusses the benefits of financial freedom, such as more options, the ability to pursue passions, start a business, retire early, and better overall health. Practical steps to achieve financial freedom include ensuring your income exceeds your expenses, increasing income streams, managing expenses, and planning for the long-term by reducing debt and building an emergency fund. Here are points to consider: How would reducing financial stress improve your overall well-being? What additional income streams can you explore to boost your financial independence? How much should you have in an emergency fund to feel secure? How can better financial management help you pursue your passions and hobbies? What changes can you make today to improve your financial freedom and independence? For questions, email david@parallelfinancial.com Book at time to speak with David at www.calendly.com/davidpf

Jun 28, 2024

CHOOSE YOUR HARD With regards to your money and other important areas in life, it is important to make the hard decisions now and do the hard things now. There is a good chance, that by doing the hard things now, your life will be better in the future. What are some of the HARD decisions that you need to make today? What are some of the HARD things that you need to do today? In what ways is your life HARD now, but you know it would have been easier if you had done some HARD things in the past. PARENTS, YOUR CEILING IS YOUR CHILDREN'S FLOOR As parents, our actions, our choices, and our lifestyles have generational effects on our children and our children's children. When our children see us succeeding, they will expect to succeed in their own lives. When they see us making sacrifices for the future, they will expect to do the same and reap the same rewards. As parents, we should be doing our best to prepare our children for prosperous and successful lives. WHAT YOU SHOULD DO ABOUT NVDA As with the decision to buy or hold any stock, it is important to remove emotions from the equation. When deciding if you should hold NVDA, make sure to define your own objectives, determine if the stock is within your risk tolerance, ensure that your overall portfolio has adequate diversification, use proper analysis of the stock, AND consider hiring a professional to help with decisions like these. As always, email david@parallelfinancial.com with any questions and visit www.calendly.com/davidpf to schedule your appointment.

Jun 21, 2024

What 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 caregiving often face mental, emotional, and physical exhaustion. Alarmingly, 70% of caregivers for those with cognitive decline pass away before the patient, emphasizing the need for proper planning and resources. David emphasizes the financial aspect, explaining that adequate planning provides options for quality care, whether staying at home or moving to an assisted living facility. Linda, an elder care advisor, compares her role to a realtor for senior communities, assisting clients in finding suitable living arrangements based on their needs and budget. Importantly, her services are usually free to clients, as communities cover her fees. Linda can also provide guidance and referrals nationwide, ensuring clients make informed decisions. The conversation underscores the importance of addressing long-term care proactively to ensure safety, health, and financial stability. Here are somethings to think about: How can caregivers manage their own well-being while caring for someone with cognitive decline? What financial strategies ensure long-term care needs are met without sacrificing other financial goals? How can families prepare emotionally and practically for transitioning to assisted living or memory care? What are essential criteria when choosing a senior living community? Where can caregivers find support and respite services to prevent burnout? LINDA CALE can be reached LINDA@SENIORCAREAUTHORITY.COM or via her office phone at 864 673-8293. Make sure to visit Senior Care Greenville, SC | Senior Care Authority As always, contact David Chudyk via email david@parallelfinancial.com Schedule your time to meet with David at www.calendly.com/davidpf DON'T FORGET TO SHARE THIS EPISODE WITH YOUR FRIENDS!

Jun 14, 2024

1.Diversification - We all know that it is important to spread our risk among many holdings, asset classes, income sources, etc. 2.Use a disciplined process to “buy low/sell high”. 3.Understand that not all of your holdings will be winners. 4.Take distributions from a “BUFFER ASSET” when markets are down. This will give time for your account to fully or partially recover losses. 5.Hedging Strategies - (DIY for these is not recommended). Options, futures, etc. 6.Avoid Panic Selling - there are times when panic selling can “lock” in a loss. 7.Avoid “performance chasing” - a stock that has been increasing might not continue to increase. 8.Dollar Cost Averaging can help to reduce average share price over the long term. This is applicable during the growth phase of an account. 9.Private market investments often do not have returns that are correlated to the general stock markets. There are net worth/income requirements. 10.Periodically rebalance your portfolio(s) to ensure that your allocation percentages are still appropriate. 11. Dividend paying stocks - if a company pays a dividend, potential portfolio losses can be offset by the dividends. 12.Use a “rules based” philosophy - know what you own and why you own it. 13. Electing for guaranteed streams of income (with regards to pensions and annuities) can allow you to take more risk with other investments. 14.Some Annuities are designed to have a floor of ZERO, even when the markets are negative. These get complicated but COULD be a fit for part of your portfolio. 15.In many cases, we hire experts in our lives. Consider working with a financial professional, especially when you get into the distribution phase of your financial life. Email david@parallelfinancial.com Get your copy of the book ENDGAME www.weeklywealthpodcast.com/endgame Schedule your time to speak with david www.weeklywealthpodcast.com/davidpf

Jun 7, 2024

How 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 just focusing on tax preparation during tax season. Host David underscores the significance of purposeful action in various aspects of life, drawing parallels between intentional decision-making in health, relationships, and finances. Together, they explore how implementing these tax strategies can lead to noticeable savings and better financial outcomes. Questions to Ponder: How intentional are you with your financial decisions? Have you considered employing tax-efficient investment strategies? Do you have a "dream team" of financial professionals to guide you? What steps can you take to optimize your taxes and financial well-being? TO CONNECT WITH RALPH ESTEP, visit https://www.askralphpodcast.com David Chudyk is always available for questions via david@parallelfinancial.com Download your free copy of the E-BOOK Endgame https://www.weeklywealthpodcast.com/endgame

May 31, 2024

Strongly Held Opinion #1: You Must Decide Duration: 00:00:22 - 00:02:52 David 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 Know David 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 major life events. Opinion # 3: If you can't afford the loss, you might want to insure the risk. Duration: 00:04:38 - 00:05:48 David Chudyk advocates for insurance as a means to mitigate financial risks. Various scenarios, such as loss of income or property damage, are highlighted. Recommendations are made regarding life insurance, home insurance, disability insurance, and liability coverage. Opinion # 4: Needs vs. Wants Duration: 00:06:38 - 00:07:52 David Chudyk discusses the importance of distinguishing between needs and wants based on individual financial realities. Essential needs like housing and education are contrasted with discretionary wants. The audience is encouraged to align spending decisions with their current financial situations. Opinion # 5: Small mistakes/decisions compound over time Duration: 00:08:23 - 00:09:39 David Chudyk emphasizes how small, repetitive financial mistakes can accumulate over time. The concept of opportunity cost is introduced to illustrate the potential long-term effects of spending habits. Examples are provided to demonstrate the value of prudent financial decisions and investments. Opinion # 6: We all need accountability Duration: 00:10:04 - 00:11:42 David Chudyk highlights the importance of accountability in achieving financial goals. He encourages listeners to seek support from friends, family, or professionals to stay on track. The role of accountability in personal development and financial success is emphasized. Opinion # 7: Money as a Tool for Positive Impact Duration: 00:12:03 - 00:13:39 Chudyk discusses the neutral nature of money and the importance of responsible money management. He encourages listeners to use their financial resources in ways that align with their values and contribute to personal fulfillment. Examples of positive financial decisions are provided, emphasizing the potential for beneficial outcomes beyond individual wealth accumulation. Opinion # 8: Don't do what poor people do. Duration: 00:13:58 - 00:15:14 Chudyk advises against emulating the financial habits of those facing financial struggles. Key traits of financially successful individuals are highlighted, including living within means, continuous self-improvement, and responsible debt management. Listeners are encouraged to assess their own financial behaviors and consider steps towards greater financial stability. Don't forget to email David@parallelfinancial.com with any questions Visit https://www.weeklywealthpodcast.com/endgame to download your free copy of the book.. ENDGAME

May 24, 2024

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.me Email David Chudyk at david@parallelfinancial.com Download the book ENDGAME by visiting www.weeklywealthpodcast.com/endgame

May 17, 2024

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/davidpf

May 10, 2024

Most people think that financial advisors simply help their clients to invest money. While that is a big part of the financial planning process, good financial advisors do much more. Some of the secret roles of your financial advisors are: Asking the right questions. Helping YOU to achieve your goals. Nudging your behaviors, if they are not aligning with your goals. Don't forget to email DAVID@PARALLELFINANCIAL.COM with any questions.

May 3, 2024

In 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.com If you have ever thought about selling your business and want to begin the planning process, visit www.weeklywealthpodcast.com/endgame Make sure to set your time to speak with David Chudyk by visiting www.calendly.com/davidpf

Apr 26, 2024

Insurance 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-chat As a business owner, you're familiar with the challenges and complexities that come with steering your company day-to-day. But have you considered the transformative power of picturing your endgame? Download the book, ENDGAME by clicking on www.weeklywealthpodcast.com/endgame

Apr 19, 2024

In 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.

Apr 12, 2024

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 (or maybe didn't happen) would cripple you financially?" Email David@parallelfinancial.com with your thoughts and questions. CLICK HERE to schedule your time with David Chudyk DOWNLOAD your COPY of ENDGAME by CLICKING HERE .

Apr 5, 2024

Have you ever wondered why you have an abundance of resources, both financial and otherwise, yet there are so many others that are struggling? Have you ever wondered why you might have a nice car, yet others in your community are walking? Have you ever wondered why you are not lacking in any material things, yet there are those in your community and in the world that are hungry everyday? When it comes to luxuries and giving, it's about finding joy in what we have and making choices that align with our values. Instead of a strict budget ratio, let's think about intentionality. Before indulging, ask yourself, "Will this truly add value to my life?" and "could the resources that I am spending on this luxury be a part of the greater good?” Also, a good rule of thumb to follow is to give first. If you give first, then use your money to plan and prepare for the future, most of us then feel much betterabout indulging in luxuries. Another valuable exercise is to practice purposeful thankfulness. When are acknowledge the blessings and gifts in our lives, it sometimes creates more generosity in our hearts, it sometimes reduces or eliminates a desire to indulge in luxuries, or it can even give us a the peace to know that it is ok in that point of our lives. If you have any financial questions, email david@parallelfinancial.com or simply visit www.weeklywealthpodcast.com/schedule-a-chat

Mar 29, 2024

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 financial situation, email david@parallelfinancial.com OR go to Schedule a Chat (weeklywealthpodcast.com) To get your Value Builder Score, visit www.weeklywealthpodcast.com/valuebuilderscore

Mar 15, 2024

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: Books To learn more about Mikelann or to connect with her, visit her imformative website www.seatlemoneycoach.com To book your appointment with David Chudyk, CFP(r) visit www.weeklywealthpodcast.com/schedule-a-chat If you are a business owner, get your VALUE BUILDER SCORE by visiting www.weeklywealthpodcast.com/value-builder-score Email david@parallelfinancial.com with any questions.

Mar 8, 2024

In 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 most amount of money for your mortgage than a bank will lend to you. Do not borrow the most amount of money for your vehicle(s) that a bank will lend to you. Think long and hard before borrowing money to pay for a degree. Mindless debt accumulation can happen very easily. Guard against it. Email david@parallelfinancial.com with any questions. Visit www.weeklywealthpodcast.com/contact to schedule your time to meet with David Chudyk. if you are a business owner, get your VALUEBUILDER SCORE by visiting www.weeklywealthpodcast.com/valuebuilderscore

Mar 1, 2024

In this episode we discuss the origins and purposes of the show. Email david@parallelfinancial.com with any questions. Visit www.weeklywealthpodcast.com/contact to set your appointment time go to www.weeklywealthpodcast.com/valuebuilderscore to learn how to increase the value of your business.

Feb 23, 2024

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 by visiting www.calendly.com/davidpf

Feb 16, 2024

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.co m David 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 Download "The 8 Drivers of Business Value" EBOOK www.weeklywealthpodcast.com/drivers

Feb 9, 2024

If you are at the point in your career where considering the exit of your business, these are some factors that should be considered: Ask yourself if you are ready to sell the business. Know what your business is worth. Prepare financial records and reports. Understand market conditions. Explore legal and tax implications. Consider what will happen to your team if you sell. Get your VALUEBUILDER SCORE: www.weeklywealthpodcast.com/valuebuilderscore Take the PRE (personal readiness to exit) questionnaire: www.weeklywealthpodcast.com/prescore email david@parallelfinancial.com with any questions To learn more about COLLINS CHILDREN'S HOME, please visit www.collinschildrenshome.org and check out their AMAZON WISH LIST!

Feb 2, 2024

The Silent Generation (Born 1928-1945) Concerns and Challenges: Healthcare Costs: Rising medical expenses and long-term care costs. Income Security: Limited earning potential due to retirement. Inflation: Impact on fixed incomes, especially with pensions and savings. Estate Planning: Managing wills, trusts, and legacy concerns. Advantages: Homeownership: Many own their homes outright. Savings: Tend to have savings and investments from a lifetime of work. Social Security Benefits: More robust and reliable for this generation. Traditional Values: Strong saving habits and aversion to debt. Baby Boomers (Born 1946-1964) Concerns and Challenges: Retirement Readiness: Many are underprepared for retirement. Healthcare and Longevity: Managing healthcare costs with increased life expectancy. Supporting Adult Children: Financial strain from helping adult children. Market Volatility: Impact on retirement savings and investments. Advantages: Home Equity: Significant equity in real estate. Retirement Accounts: Benefited from employer-sponsored retirement plans. Wealth Accumulation: Generally, this generation has accumulated wealth. Work Experience: Valuable professional experience and networks. Generation X (Born 1965-1980) Concerns and Challenges: Sandwich Generation Stress: Balancing support for aging parents and own children. Retirement Savings Shortfall: Less time to save for retirement compared to Boomers. Job Market Instability: Affected by economic downturns and restructuring. Housing Market Fluctuations: Impacted by highs and lows in real estate. Advantages: Peak Earning Years: Generally in a high-earning phase of their careers. Technological Adaptability: Comfortable with digital and traditional platforms. Diverse Investment Opportunities: Access to a variety of investment tools. Homeownership: Majority are homeowners, building equity. Millennials (Born 1981-1996) Concerns and Challenges: Student Loan Debt: Burdened with high levels of educational debt. Housing Affordability: Challenges in affording and buying homes. Job Market and Career Growth: Navigating a changing job landscape. Retirement Planning Uncertainty: Concerns about the future of social security and pensions. Advantages: Tech-Savvy: Proficient with technology and digital finance tools. Higher Education: Tend to be the most educated generation. Adaptable: Flexible and adaptable to changing job markets. Social and Environmental Consciousness: Value-driven investing. Generation Z (Born 1997-2012) Concerns and Challenges: Economic Uncertainty: Entering workforce in a volatile economy. Education Costs: Concerns about affording higher education without accruing massive debt. Job Market Readiness: Preparing for jobs in a highly digital and competitive market. Global Issues: Concerned about how global challenges (like climate change) will impact their future. Advantages: Digital Natives: Extremely comfortable with digital and emerging technologies. Early Financial Awareness: More aware of financial planning and investing at a younger age. Entrepreneurial Spirit: More likely to start businesses or engage in side hustles. Socially Responsible Investing: Keen interest in sustainable and ethical investments. #millenial #genz #genx #boomer Email david@parallelfinancial.com with any questions. Visit www.weeklywealthpodcast.com

Jan 26, 2024

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 VALUE

Jan 19, 2024

Charitable consultant for The American Heart Association, John Cullum, CFP(r) discusses: Why some people are charitable and others are not. Why it feels good to give. Different giving styles for different generations. What are some tax efficient ways to give money. For all of your money questions, email david@parallelfinancial.com Don't forget to CLICK HERE TO WATCH THE YOUTUBE VERSION OF THIS WEBINAR

Jan 5, 2024

Welcome to the first Weekly Wealth Webinar, where we dive into the world of wellness with our Wednesday Wellness Webinar . In this unique session, host David Chudyk is joined by Steve Pumphrey , a certified personal trainer, to explore fitness and diet issues and provide helpful tips for post-holiday weight gain. Steve offers his expertise in personalized nutrition coaching and emphasizes the importance of a balanced approach to nutrition and physical activity for overall health and wellness. From understanding portion control to debunking weight loss myths, this episode offers invaluable insights into building a healthy lifestyle in tandem with building financial wealth. What does fitness have to do with finances? Click play to find out. Today We Discuss Parallels Between Personal Finance and Personal Wellness Seeking professional guidance for both healthy financial habits and a balanced diet The Confusion Around Diet Advice and the Importance of Personalization The two exercises you can do anywhere any time and they always work Challenges related to portion control and the influence of childhood habits Mentioned In This Episode https://www.stevepumphrey.com/ Weekly Wealth Website Work With Dave Schedule a Chat Follow the Show And Never Miss an Episode Follow the Show Mentioned in this episode: Finances Keeping You Awake? I can help you tackle those burning finance issues that keep you awake at night. Schedule a session today, and let's see what we can do together. Weekly Wealth Website

Dec 29, 2023

In this episode, we discuss some of the financial concerns that some of the people that I have worked with and spoken with this year. They include: Am I saving enough money? Am I saving too much money? What can I do about my tax situation? How do I offer the right employee benefits to my team? Are my real estate holdings generating the returns that they should be generating? What are some good charities that I can support and how can I support them in the most efficient manners? I just don't feel that I am financially savvy, what can I do about this? My spouse handled a lot of this, now he/she has passed away, how do I now handle my finances? What will happen if I die? Can I sell my business? What is my business worth? How can I make it worth more? Please go to www.weeklywealthpodcast.com and click on the microphone icon and leave a short voice message about what is stressing you with regards to YOUR finances. Email david@parallelfinanancial.com Get your ValueBuilder Score www.allofmyassets.com/value-builder-score

Dec 22, 2023

These are the major lessons that I learned or confirmed in 2023. What about you? What did you learn? 1. Life is not always hard. 2. Today’s results are from the seeds that we planted yesterday, last week, or even years ago. 3. Choose your hard. 4. Surround yourself with people who can lift you up. 5. If you are an entrepreneur or employer, make sure to take care of your team. Without the support of your team, almost nothing would ever happen. 6. Life is short.. make the best of it. 7. Journalling can be lifechanging. 8. An incredible amount of our successes (or failures for that matter) occur because of what we think and tell ourselves. 9. We all have the same amount of time. 10. Spend time each day thinking about your future. self. Think about the person that you want to be and ask yourself what that person does (or doesn’t do). 11. Being great has a financial cost (coaching, etc). 12. You can never know everything, but you can surround yourself with people who know what you don’t know, who are good at what you are not good at, and enjoy doing the things that you hate. 13. Complaining is the refusal to pay the success tax. 14. Never take health for granted. 15. If you are a business owner, work constantly to be a better business owner. Being good at your trade is NOT the same as being good at running your business. 16. Financial margin is a great thing, work towards having it. 17. Money doesn’t solve all problems, but most problems are a bit smaller, if there is additional money involved. 18. Speaking of problems… if we think about all of the problems that we have ever had and are REALLY honest with ourselves, many of the problems existed because we either caused (or partially caused) or didn’t prevent them. 19. You don’t die if you are just a little bit hungry. 20. Making HUGE strides in life/business can be easier than smaller growth because you have to change everything that you are did to get to where you are. 21. If you have kids, cherish every moment that you have with them because they grow up 22. If you are married, make sure to cherish your spouse 23. God is great. Don't forget to email david@parallelfinancial.com with your questions.

Dec 18, 2023

Kellie Good of Blackstone Accounting explains: The S-Corp Election Details of the home office deduction The Augusta Rule Some benefits of hiring your children Kellie also discusses: Some changes to IRS guidelines and rules for 2024. To reach Kellie Good, visit her website at www.blackstoneaccounting.com or email her at Kelliegood@blackstoneaccounting.com To set a time to speak with David, visit Schedule a Chat (weeklywealthpodcast.com) Get your VALUE BUILDER SCORE: www.allofmyassets.com/value-builder-score Get your FREEDOM SCORE: www.allofmyassets.com/freedomscore

Dec 8, 2023

Rule # 1: NEVER LOSE MONEY Rule # 2: NEVER FORGET RULE # 1 We discuss how proper risk management in our lives can help us to reduce the chances of ever losing large amounts of our financial nest eggs due to losses that might have been covered by any number of types of insurance. Email David@parallelfinancial.com with any insurance/risk management questions. Be on the lookout for signup information for the upcoming WEDNESDAY WELLNESS WEBINARS that will be happening: Wednesday January 3rd.... Physical Wellness Wednesday January 10th... Relational Wellness Wednesday January 17th... Philanthropy Wednesday January 24th...Financial Wellness We talk about it all of the time... TRUE wealth is not simply limited to accumulating money. It relates to all of the important areas of our lives. If you are a business owner, don't forget to get your Value Builder Score by going to www.allofmyassets.com/value-builder-score

Dec 1, 2023

With the end of the year quickly approaching, it is important to be purposeful with our finances. In this episode we discuss: tax loss harvesting having a Holiday spending plan retirement plan contributions reviewing tax withholdings reviewing FSA plan We also discuss the importance of developing a personal development plan and budget. This can include books, courses, conferences, mastermind groups, etc. Finally, we unveil our exciting program for 2024... Wednesday Wellness Webinars. We will be hosting webinars that will teach the subjects of nutrition/exercise, relationships, charitable giving, and financial health. Make sure to click on the microphone icon and leave a short message with any of your financial WINS in 2023. Email david@parallelfinancial.com with any questions and make sure to go to Schedule a Chat (weeklywealthpodcast.com to set your appointment.

Nov 23, 2023

On this Thanksgiving 2023 episode of The Weekly Wealth Podcast, we talk about GRATITUDE and THANKFULNESS. Let's all commit to being Thankful all year, not just one Thursday in November.

Nov 2, 2023

In 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. Full show notes Schedule a Chat with David Schedule a Chat Parallel Financial Parallel Financial Weekly Wealth Website Weekly Wealth Website Ask Dave To Speak Ask David To Speak Follow the Show Listen to The Weekly Wealth Podcast

Oct 27, 2023

In today's episode, we're diving deep into the topic of outsourcing personal activities and discussing how much your sanity is truly worth with Hannah Morgan Hannah believes that outsourcing can improve your financial situation and enhance your overall quality of life. We'll explore the pain points and tasks that many of us dislike, don't have time for, or simply struggle with. From paying bills to scheduling appointments, Hannah has a wealth of insights on identifying and delegating these tasks effectively. We'll even touch on the impact that domestic labor and gender roles play in our lives. Hannah's expertise in this area is unparalleled. Mentioned In This Episode www.heronhousemanagement.com Todoist Asana Hannah on Instagram Schedule a Chat with David Schedule a Chat Parallel Financial Parallel Financial Weekly Wealth Website Weekly Wealth Website Ask Dave To Speak Ask David To Speak Follow the Show Listen to The Weekly Wealth Podcast Mentioned in this episode: Finances Keeping You Awake? I can help you tackle those burning finance issues that keep you awake at night. Schedule a session today, and let's see what we can do together. Weekly Wealth Website

Oct 20, 2023

Welcome 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." Probate Process: "So if you die and you did not have somebody's name or an organization's name listed on the beneficiary form of your retirement plan, of your life insurance, of your annuity, then what happens, in that case, is that the benefit will be left to your estate and that means it will be subject to probate." Mistakes to Avoid in Your Roth IRA: "Make sure that you know what's invested in your accounts and also make sure that those investments are appropriate for you." Retirement Account Planning: "Understand your retirement accounts. Your IRAs, your Roth IRAs, your 401 KS, your four hundred and fifty-seven s. All of those types of plans are simply containers. And make sure that the assets inside of those containers are appropriate for you and understand what they are." Mentioned in this episode: School of Podcasting Episode 128: Do I need a will, trust, power of attorney, or other legal documents? Ask David To Speak Parallel Financial Weekly Wealth Website Mentioned in this episode: Finances Keeping You Awake? I can help you tackle those burning finance issues that keep you awake at night. Schedule a session today, and let's see what we can do together. Weekly Wealth Website

Oct 13, 2023

Today we have a very important topic to discuss: college planning . Joining us as our guest is Seth Greene, a renowned financial aid expert with over 24 years of experience. Seth shares valuable insights on college admissions, financial aid, and tax reduction strategies. He even reveals how he managed to cut the cost of tuition by a whopping $19,077 per year! But that's not all; Seth also tackles the age-old debate of whether it matters where your degree comes from outside of prestigious Ivy League schools. Plus, we delve into the complexities of the FAFSA and CSS profile forms and the potential simplification efforts on the horizon. Mentioned in This Episode How to Find Money For College Website Weekly Wealth Website Parallel Financial Follow the Show And Never Miss an Episode Apple Podcasts Spotify More Options Mentioned in this episode: Finances Keeping You Awake? I can help you tackle those burning finance issues that keep you awake at night. Schedule a session today, and let's see what we can do together. Weekly Wealth Website

Oct 3, 2023

As an entrepreneur, academic, author, consultant, and teacher, Maria Kellis works with leaders in the corporate space. On a quest to bring the essence of energy and flow into the business world, while working on gaining profits with a purpose. Born and raised in Greece, Maria attained her 3 degrees from the prestigious MIT (Massachusetts Institute of Technology and MIT Sloan School of Management) in the United States and is completing her doctorate degree at Mahidol University in Thailand. Maria was involved in the teaching of entrepreneurial classes at the MIT Sloan School of Management, including organizing the $50K competition for the students. One of Maria’s companies claimed the runner-up position. Having already assisted in the co-founding of multiple technology companies, as well as spending significant time working at high levels within the Greek government, Maria has now shifted her attention and focus to the teaching and healing of others through her organization: MK Empower Inspired Leadership, which is in operation globally, and currently services clients from more than 15 countries. Maria's rich and extensive experience in the world of business reaches deep into the politics of corporations, governments, and within the realm of academia. Maria has dedicated her life to the discovery and implementation of ways to create businesses with a purpose: and she is teaching others these leadership principles while continuing to achieve, for herself, at the highest levels. On a personal level throughout her life, Maria has developed a deep sense of values and built a strong leadership character has had to face many overwhelming ordeals, including numerous accidents, diseases, excruciating physical, mental, and emotional pain, being wheelchair-bound with no real expectation of recovery, and a near-death experience. And has overcome all that! Currently, Maria shares her time between Greece, Bali, Thailand, Cyprus, and the United States, having maintained for herself a life of absolute freedom, abundance, and independence. Maria has made it her laser-focused aim to teach others how they can achieve the same levels of success, simply by being themselves. The only question left to answer is, “How can we do it even faster for you?” Contact Maria Kellis @ https://www.facebook.com/MariaKellisInternational/ https://www.linkedin.com/in/mariakellis/ mariakellis.com or contact@mariakellis.com To set your appointment with David Chudyk, visit www.weeklywealthpodcast.com/contactus Take the Value Builder Assessment at www.allofmyassets.com/value-builder-score

Sep 20, 2023

Inflation fears are everywhere! Prices of food, gas, housing and all of the other items that we need on a daily basis are increasing. Learn how to combat inflation in your own personal life with THREE valuable tips. and remember... If you have ever wondered what it might be like to have me, personally as your financial advisor... schedule your 30 minute appointment at www.weeklywealthpodcast.com/contact If you are a business owner, take the VALUE BUILDER ASSESSMENT at www.allofmyassets.com/value-builder-score

Sep 14, 2023

Dave 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.com David and David discussed: The MINIMAL costs involved with starting a podcast. Common mistakes by podcasters Some of the ways that Dave can help YOU to build your podcast. Don't forget to visit www.schoolofpodcasting.com/weeklywealth for a 20% discount on monthly or yearly subscriptions! To set your 30 minute appointment with David Chudyk, visit www.weeklywealthpodcast.com/contactus or simly email david@parallelfinancial.com If you are a business owner and have ever thought about selling your business to fund your future lifestyle, take the Value Builder Assessment at www.allofmyassets.com/value-builder-score This will give you an estimate of the value of your business as well has help you to understand the areas of your business that can improve so that you can sell it for a higher multiple when you are ready.

Sep 7, 2023

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/contactus If you have ever thought about selling your business as a method to fund your future life, visit www.allofmyassets.com and make sure to get your VALUE BUILDER SCORE. AND..... email david@parallelfinancial.com with any questions

Sep 1, 2023

Three questions that financial advisors SHOULD be asking are: HOW ARE YOU? Financial health is very important, but as a financial advisor, I believe that financial, spiritual, relational, physical, and mental health are all related. In many cases struggles in one of these areas could cause struggles in others. What do YOU want? Many financial advisors assume that their clients want to retire "as early as possible" or make other assumptions. Remember, a fiduciary advisor has an obligation to help the client to meet the client's goals, so it is crucially important to ask the right questions. How would YOU like for me to communicate with you? Some clients want "big picture" level details and other clients want for extremely detailed oriented explanations. Some clients like to communicate virtually and others like to communicate in person. Don't forget to visit: www.weeklywealthpodcast.com Take the Valuebuilder Score Assessment at www.allofmyassets.com/value-builder-score To set a time to speak with David about YOUR financial future, go to www.weeklywealthpodcast.com/contactus #weeklywealthpodcast #financialindependence #financialadvisor #certifiedfinancialplanner #money #moneymindset #fireyourfinancialadvisor

Aug 25, 2023

At it's core, the Depp V Heard case is about defamation. In this episode, Attorney to the stars, Chris Melcher gives his unique perspective and shares his expertise on this case. The episode also speaks about what defamation IS and how you might handle a defamation lawsuit towards your business. "The biggest protection is not going to a lawyer, it is having your own content", states, Mr. Melcher as it relates to potential negative information posted about your business. #justiceforjohnny #deppvheard #amberheard #johnnydepp #defamation Visit www.weeklywealthpodcast.com/contactus to schedule a time to speak with David about any financial topic. Visit www.allofmyassets.com if you have ever considered selling your business to fund your future lifestyle. #Justiceforjohnny #deppvheard #netflix

Aug 21, 2023

Why should you work with a Financial Advisor? If any of these scenarios apply to you, it could be a great idea to work with a Financial Advisor. You don't know what you don't know about your financial situation. You might have a basic lack of financial literacy or simply be unsure of if you are on the right track. You are either about to go through, are going through, or just went through a major life change. These can include marriage, divorce, having children, job change, move, starting a business, death in the family, receiving a financial windfall, etc. If you are a BUSINESS OWNER, you are pulled in many directions and due to this, many business owners tend to put their own financial planning issues on the back burner, delay planning, and reduce the effects of compounding interest. If you have FINANCIAL ANXIETY. By determining the FACTS and putting together a gameplan, YOU can reduce financial anxiety. If you have ever wondered what it would be like to work with me, personally, as your financial advisor, visit www.weeklywealthpodcast.com/contactus If you are a business owner and have ever thought about selling your business and using some of the proceeds to fund a portion of your retirement/lifestyle, visit www.allofmyassets.com Social media links: David Chudyk, CFP(r) (@weeklywealthpodcast) | TikTok Instagram #financialanxiety #certifiedfinancialplanner #businessowner #dontknowwhatyoudontknow

Aug 11, 2023

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 benefits. 3. Income - expenses MUST equal greater than zero. In addition to spending less, this topic talks about how we can all increase our incomes. 4. Be very careful about college decisions - if you must borrow money for school, make sure that you are picking a career that offers the earning potential that will allow you to pay off the loans. #backtoschool #teenagers #money #schoolisback #financialliteracy Email david@parallelfinancial.com with questions or comments. Visit www.weeklywealthpodcast.com/contactus to set a time to speak with David Chudyk, CFP(r) Social medial links: www.tiktok.com/@weeklywealthpodcast www.i nstagram.com/weekly_wealth_podcast and CLICK HERE to join our facebook group

Jul 31, 2023

As a pioneer in the field of therapy and mental health, Thomas I. Castro has played a significant role in countless lives, equipping people with invaluable tools to navigate life's challenges and discover their fullest potential. Through the innovative platform of Shine Campus, Thomas has ingeniously crafted a gym for emotional and mental health, providing a space for emotional and mental development and growth. Thomas's unique approach to therapy and counseling transcends traditional norms, making profound breakthroughs achievable for everyone. With a wealth of experience and a heart brimming with empathy, Thomas has touched the lives of diverse individuals, empowering them to lead healthier, more fulfilling lives. To sign up for the THRIVE SUMMIT go to THESHINECAMPUS.COM Email David@parallelfinancial.com with any of your financial questions and visit www.weeklywealthpodcast.com

Jul 22, 2023

Segment # 1: How can you DE-RISK your retirement portfolio? Segment # 2: Charitable giving methods Segment # 3: What are some ways that you might end up exitting your business? To schedule your appointment with David Chudyk, go to www.weeklywealthpodcast.com/contact To get your ValueBuilder Score, go to www.allofmyassets.com/value-builder-score

Jul 13, 2023

SEGMENT 1: Have you noticed that your all of your insurance premiums are increasing? Perhaps you are in an area of the country where many major insurers are no longer writing insurance policies? Segment 1 of this episode talks about the STATE of the insurance industry. SEGMENT 2: Many listeners have 2 assets that do NOT get the attention that they deserve. The first can be a 401k plan. These typically are on a "set it and forget it" mode and are oftentimes, not maximized. The second is your BUSINESS. When you start to think of your business as an asset, your world can change. Visit www.allofmyassets.com SEGMENT 3: The Financial BASICS B - Budget A - Allocation S - Systems I - Insurance C - Caring S- Support Comments and questions are always welcome, please email David@parallelfinancial.com To set your appointment visit www.weeklywealthpodcast.com/contactus Get your Valuebuilder Score at www.allofmyassets.com/value-builder-score

Jul 6, 2023

For more than two decades, master money coach Mikelann Valterra, MA, AFC®, has helped women transform their relationship to money. A highly respected expert in financial psychology, she has written and spoken extensively on powerful, practical ways to reduce money anxiety as well as effective methods for earning, saving, reducing debt, and managing money. Mikelann has been quoted in national publications, including Forbes, USA Today, and Business Insider. She also guests on podcasts all over the world. Mikelann is the author of Rise Above the Money Fog: The key to confidence, clarity, and control. When not writing and speaking, she teaches clients how to rise above the money fog and craft their ideal life—letting go of financial stress forever. When not working, you can find Mikelann on the dance floor indulging her love of Argentine tango. See www.seattlemoneycoach.com Mikelann’s clients span the globe. We had an outstanding conversation answered: 1. What is the "silver lining" when it comes to divorce and money? 2. How to get in touch with your own financial personality? 3. What is "financial elegant simplicity"? To schedule a time to speak with David Chudyk, CFP(r) visit www.weeklywealthpodcast.com/contact if you are a business owner, make sure to take the Value Builder Score at www.allofmyassets.com/value-builder-score

Jun 30, 2023

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.com

Jun 23, 2023

Carla 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.com) David Chudyk can be reached for questions via david@parallelfinanancial.com To take the ValueBuilder Questionnaire visit www.allofmyassets.com/value-builder-score To set a time to discuss if YOU are a great fit to have David Chudyk as your financial advisor, visit www.weeklywealthpodcast.com/contact

Jun 1, 2023

Cary Smalley is a lifelong Kansas Citian and, is a licensed attorney Kansas, and has been in practice for 17 years. In this episode, we speak about the legal documents and estate planning topics that you and your loved ones should be discussing with your attorney. These include: 1. Wills 2. Powers of attorneys 3. Healthcare directive 4. Trusts To reach Mr. Smalley, please visit his website at www.thesmalleylawfirm.com or email cary@thesmalleylawfirm.com Make sure to visit www.weeklywealthpodcast.com www.allofmyassets.com and make sure to join The Weekly Wealth Podcast Facebook group or email david@parallelfinancial.com

May 25, 2023

South 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 David Chudyk about the 30,000 foot level aspects of your financial situation go to www.weeklywealthpodcast.com/contact To take The Value Builder Assessment go to www.allofmyassets.com/value-builder-score To download a copy of the brand new E-Book, Endgame, go to www.allofmyassets.com/endgame don't forget to email david@parallelfinancial.com with any questions

May 15, 2023

What 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 www.weeklywealthpodcast.com/contact

May 11, 2023

In this episode, co-founder of Parallel Financial, Brian Boughner talks discusses: 1. What is a fiduciary? Why is it important to work with a fiduciary? 2. What process does a Parallel financial use to manage money? How does the QRLT process benefit clients? 3. Financial planning.... what is it? how does Parallel Financial handle it? Why is it so important? Make sure to visit: Parallel Financial Youtube Page The Twenty Minute Market Breakdown on Spotify The Twenty Minute Market Breakdown on Apple Podcasts To set a time to speak with David Chudyk go to www.weeklywealthpodcast.com/contact To get your VALUE BUILDER SCORE and learn how you can maximize the VALUE of your business and receive an estimate of value of your business, go to www.allofmyassets.com #weeklyweathpodcast #parallelfinancial #moneymanagement #the20minutemarketbreakdown

Apr 29, 2023

Valari 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 line. In this episode Valari talks about why it is important to be PRODUCTIVE, as opposed to BUSY and gives actionable steps to help you. To contact Valari visit https://taplink.cc/valari https://www.linkedin.com/in/valari To set up a time to speak with David Chudyk about the 30,000 foot aspects of YOUR financial situation visit Contact Us — The Weekly Wealth Podcast Take your valuebuilder score at: www.allofmyassets.com/value-builder-score and to learn if you are ready to exit your business, visit www.allofmyassets.com/prescore #weeklywealthpodcast #productivity #productivityhacks

Apr 22, 2023

Tammy Johnston is the Hold Your Hand and Kick Your Ass Business Coach. She has been working with small businesses for over 20 years to help them build sustainable and successful businesses. Tammy believes that business done right, honestly, ethically, and morally, has the power to make the world a better place for our customers, our families, and our communities. She doesn’t promise a magic bullet (because there is no such thing), but she does teach all the basic, foundational skills you need to first survive and then thrive. She only deals in real, practical, put it to use training and advice that has been tested in battle. Contact Tammy via email at tammy@csabusiness.ca or visit her website at https://ksabusiness.ca CLICK HERE to set an appointment to speak with David Chudyk or email david@parallalfinancial.com

Apr 13, 2023

Whether you are new to business ownership or have been in business for decades, your BUSINESS insurance is one of the most important, albeit, least interesting pieces of your financial puzzle. In this episode we talk about the basics of insurance terms such as: 1. Indemnity 2. Risk retention, risk avoidance, risk transfer, and risk reduction. 3. Certificates of liability 4. Additional insureds. Most importantly, it is incredibly important that you are working with a competent insurance professional who can advise you of what some of your risks are and how to cover them (or retain the risk, if you choose). If you have any insurance questions, email Jessica Owens, PLCS at jessica@cfsig.net If you have ever wondered what it might be like to work with David Chudyk as your financial advisor, go to www.weeklywealthpodcast.com/contact #financialplanning. #weeklywealthpodcast. #entrepreneurship. #riskmanagement #insurance

Apr 5, 2023

Patrick Py is a credit and funding consultant who can help you to develop a plan to fund your new business. Some of the options that we discuss are: 1. Bootstrapping (funding your new business from your current financial assets). 2. SBA/bank business loans 3. Leveraging your personal credit to help you to obtain low or no interest rate BUSINESS credit cards To download Patrick's FREE ebook, go to ein.credit/bluebprint If you have listened to any of the last 100 or so episodes of The Weekly Wealth Podcast and would like to explore working with David Chudyk as YOUR financial advisor, email david@parallelfinancial.com Don't forget, if you are already a business owner and have ever thought about selling your business as a means to fund your retirement or another chapter of your life, visit www.allofmyassets.com

Mar 24, 2023

In this fascinating episode with Forensic CPA, John Tonsick, we discuss many aspects of fraud. Business owners often don't have proper controls on fraud prevention and put their businesses at tremendous risk. Mr Tonsick suggests the following measures: 1. Be sceptical of team. Trust must be earned. 2. Have numerous layers of controls with regards to the ability to make payments. 3. Hire secondary bookkeeper to audit books. To reach Mr. Tonsick, please Email john@tonsick.com or you can find him on LinkedIn: https://www.linkedin.com/in/john-tonsick-cpa-cfe-5720b57/ David Chudyk is a Certified Financial Planner(tm) and helps business owners and individuals to make the right financial decisions for them FOR the reasons that are important to them. Click www.calendly.com/davidpf to schedule your time to speak with David about any financial issue or financial question. Also make sure to visit www.allofmyassets.com and also www.weeklywealthpodcast.com

Mar 18, 2023

Would you like to offer your employees HIGHER TAKE HOME PAY, a valuable benefit that would help to retain your workforce AND save on your payroll taxes? This episode discusses a strategy that can help. Please email jhyman@k2advisorsgroup.com for information that is specific to YOUR business. Don't forget to visit: www.weeklywealthpodcast.com www.allofmyassets.com www.allofmyassets.com/prescore www.allofmyassets.com/value-builder-score www.calendly.com/davidpf to set an appointment with David Email david@parallelfinancial.com with any other questions

Mar 11, 2023

Jordan Roberts discusses the benefits of the SECURE ACT 2.0 both for business owners and individuals. For questions or any additional information about the SECURE ACT 2.0, email jordan@parallelfinancial.com Jordan has a wealth of knowledge in the financial planning and estate planning fields. If you are a business owner, take your valuebuilder score at www.allofmyassets.com/value-builder-score or simply visit www.allofmyassets.com to learn more about how to increase the value of your business. Schedule time to speak with David by visiting www.calendly.com/davidpf

Feb 28, 2023

Laura Ferguson and David Chudyk have a fascinating conversation about how business owners can: - Increase the value of their business. - Decrease the business's dependency on the owner for day-to-day operations. - Sell their companies for higher multiples (whether it be seller's discretionary earnings, EBITDA, or another measure) than companies that have lower value builder scores. Some of the valuable tools that we discussed were: https://www.allofmyassets.com/value-builder-score https://www.allofmyassets.com/freedomscore https://www.allofmyassets.com/prescore Also.... these are some EBOOKS that most business owners will find to be valuable: https://www.allofmyassets.com/the-owners-metric-ebook https://www.allofmyassets.com/the-four-degrees-of-delegation-ebook https://www.allofmyassets.com/the-definitive-guide-to-sops-ebook https://www.allofmyassets.com/the-overlooked-owner-ebook https://www.allofmyassets.com/the-rainmakers-dilemma-ebook https://www.allofmyassets.com/the-freedom-point-ebook https://www.allofmyassets.com/the-exit- checklist-ebook https://www.allofmyassets.com/the-productize-ebook https://www.allofmyassets.com/the-famous-or-rich-ebook https://www.allofmyassets.com/the-reinvent-yourself-ebook As always, email david@parallelfinancial.com with any questions about any financial issues that are keeping YOU up at night.

Feb 22, 2023

In this episode, we discuss: 1. What working capital is. 2. Why it is so important for business owners and leaders to have a solid understanding of their working capital. 3. When working capital issues should be addressed. Make sure to visit Home - Blue Sky Business Resources (blueskyadvisors.net and you can reach Joe Milam via email at jmilam@blueskyadvisor.net or by calling 864 221-9335 For all of the money issues that might be keeping you up at night, make sure to email david@parallelfinancial.com and visit www.allofmyassets.com and don't forget to take you PRESCORE assessment at www.allofmyassets.com/prescore

Feb 10, 2023

Naadir was born in South Africa in 1997 and moved to America when he was 2 years old. His family moved throughout the South East until High School where he then called Greenville home. Finance and money has always been an interest to him, and going through the 2008 recession at such an impressionable age made him seek a better understanding of finance. He attended Clemson University and graduated with a degree in financial management in 2020 and would join Parallel Financial as an advisor in the following year. To reach Naadir, email naadirjalil@parallelfinancial.com and also check him out on LINKEDIN and even TIKTOK If you are a business owner, make sure to take your VALUEBUILDER ASSESSMENT by clicking https://www.allofmyassets.com/value-builder-score and also check out the FREE E-BOOK by clicking https://www.allofmyassets.com/the-freedom-point-ebook This book gives great insight that can help you to determine if you are close the being at YOUR Freedom point and being able to sell your busines. David can be reached at david@parallelfinancial.com or you can even schedule an appointment at www.calendly.com/davidpf

Feb 3, 2023

In this episode, David and Tara Stand talk about how business owners and managers can be more effective and LESS productive. This is a fascinating discussion on business effectiveness and profitability. As a business leader, have you considered that being PRODUCTIVE is actually a bad thing? TO LEARN MORE ABOUT THE LOVE YOUR BUSINESS SUMMIT AND TO SIGN UP FOR THE EVENT PLEASE GO TO: http://bit.ly/3j5Oztc Don't forget that David Chudyk is always available for the financial questions/issues that are keeping you up at night. Contact him via email david@parallelfinancial.com Visit www.allofmyassets.com to learn more about how to increase the value of your BUSINESS

Jan 18, 2023

Small business owners struggle to: 1. Compete with the benefits packages of larger companies. 2. Afford health insurance coverage for their team. 3. Manage the employee experience 4. Protect their interests from a human resource standpoint. If you are interested in being introduced to Shawna Smith or her team at QUESTCO, email David@parallelfinancial.com To learn more about how to increase the value of your business so that you can sell it for a higher multiple when you are ready to sell OR simply have an easier and more profitable life today, visit www.allofmyassets.com If there is anything keeping you up at night with regards to your money, email david@parallelfinancial.com Don't forget to follow us on TikTok

Dec 30, 2022

Do you know: 1. What would happen to your loved ones, from a financial standpoint, if you die? Do you know if your property will go through probate? Do you know if your assets can be attacked by creditors? 2. What should your money do for you? What are your financial goals and WHY are they your financial goals? 3. If you are a business owner, what are the ways that you can increase the value of your business? As always, email david@parallelfinancial.com with any questions and don't forget to check out www.allofmyassets.com

Nov 29, 2022

During his collegiate basketball playing days and then during his time as a basketball performance coach, Alan Stein Jr., has learned that the secret to achieving greatness happens during the "unseen hours". Now, as a keynote speaker, Alan works with organizations to help them to achieve "more" and to move the needle towards their potential for greatness. To learn more, visit www.alansteinjr.com , www.strongerteam.com and make sure to connect with Mr. Stein on Linkedin For all of your financial questions, email david@parallelfinancial.com To get your PRESCORE visit www.allofmyassets.com/prescore All previous episodes of The Weekly Wealth Podcast can be found at www.weeklywealthpodcast.com To learn how to build the VALUE of your business, visit www.allofmyassets.com

Nov 22, 2022

As a buyer's agent in the Myrtle Beach, South Carolina market Vicki Durkin walks her clients through the entire home-buying process. In this episode we discuss: 1. Why a buyer's agent is important. 2. The costs associated with buyer's agents. 3. The difference between a buyer's agent and a seller's agent. 4. Some common mistakes that a good buyer's agent can help you to avoid when purchasing a property. Vicki Durkin can be reached via email at vickisellsthebeach@gmail.com and you can visit her website at www.vicki.ryankorrosteam.com Don't forget to email david@parallelfinancial.com with any questions Visit www.weeklywealthpodcast.com for all past episodes if you are a business owner visit www.allofmyassets.com to learn more about how to build the value of YOUR business.

Nov 16, 2022

Corbin Cook is a Fractional CFO, owner of a bookkeeping firm, and a Certified Value Builder Advisor. In this episode, David and Corbin discuss: 1. Why book keeping and accurate financial numbers are crucial to your business today AND when you start the selling process. 2. Simple steps that you can take that will help you to sell your business for a higher multiple when you are ready to sell. 3. The types of activities that business owners should get off of their own plates. To learn more about Corbin and his company, visit www.smbstrategyconsultants.com Dont' forget to visit www.allofmyassets.com and www.weeklywealthpodcast.com Email DAVID@PARALLELFINANCIAL.COM with any of your financial questions or visit www.calendly.com/davidpf To get your ValueBuilder Score, CLICK HERE

Nov 9, 2022

The Labor Lawyer, Ryan Stygar discusses: 1. How to NOT get sued as an employer. 2. Commonly mis-used employment related terms. 3. Proper handling of tips 4. Salary vs. Salaried exempt vs. hourly guidelines. Ryan is a TIK TOK sensation and can be found @attorneyryan To contact Ryan or learn more about him and his practice CLICK HERE Make sure to email david@parallelfinancial.com with any of your financial questions Don't forget to visit www.allofmyassets.com and www.weeklywealthpodcast.com You can get your ValueBuilder Score by going to www.allofmyassets.com/value-builder-score

Nov 2, 2022

Michael DiJoseph, CFA works with financial advisors to help them to properly bring value and coach their clients. In this fascinating discussion, Mr. DiJoseph talks about: 1. The influence of politics on the markets. 2. How to THINK about large portfolio losses. 3. The importance of planning for goals, as opposed to, simply attempting to receive the highest possible rate of return in an investment portfolio. Email david@parallelfinancial.com with your financial questions or visit www.calendly.com/davidpf to book your consultation If you are a business owner, make sure to take your FREEDOM SCORE by going to www.allofmyassets.com/freedomscore and visit www.allofmyassets.com to learn how to increase the value of your business Visit www.weeklywealthpodcast.com to view all past episodes.

Oct 27, 2022

Cary Duke talks about simple strategies to make your business more visible on Google. Cary's website is adstrategies.co and he can also be reached on Linkedin www.linkedin.com/in/caryduke/ Don't forget to check out: www.allofmyassets.com www.allofmyassets.com/freedomscore www.weeklywealthpodcast.com and email david@parallelfinancial.com with any questions

Oct 16, 2022

Matt Cavanaugh and Tim Winfrey have decades of experience in the many areas of the real estate industry. They have also teamed up to form The Freedom Chasers Podcast where they talk with agents, investors, and other professionals that can help their listeners to build wealth in the real estate industry. Check out their show on APPLE PODCASTS , YOUTUBE , or join The Freedom Chasers Real Estate Sales and Investing Group on Facebook To reach David Chudyk, CFP(r) about any of your financial concerns that are keeping you up at night, email david@parallelfinancial.com and visit www.weeklywealthpodcast.com for past episodes. If you are a business owner and you have even thought about selling your business, check out my website www.allofmyassets.com

Oct 7, 2022

If you are like many business owners, you have poured your heart and soul into your business but you have also neglected your own personal finances. In this episode, we discuss how to get the B A S I C S of your personal finances in shape and also how to optimize the potential sale price of your business. Vist www.allofmyassets.com to learn more or CLICK HERE to take get your PRE-SCORE which can give an indication of how ready you are to sell your business. As always, email david@parallelfinancial.com with any questions or financial concerns that are keeping you up at night.

Sep 30, 2022

After a successful corporate career in many leadership positions, Mike Ungar began a coaching practice. Mike believes that we, as entrepreneurs and leaders, can have better lives by working with a business coach. www.michaelungar.focalpointcoaching.com <-------- click to visit Mike's website and to get YOUR business growth score. With any financial related questions, email david@parallelfinancial.com Get your VALUE BUILDER SCORE Value Builder Score | All of Your Assets | South Carolina (allofmyassets.com) Get your FREEDOM SCORE Your Freedom Score | All of Your Assets | South Carolina (allofmyassets.com)

Sep 3, 2022

In this episode we describe the various methods of charitable giving. To ask your questions about this or any other financial planning topic, email david@parallelfinancial.com Make sure to visit www.weeklywealthpodcast.com and www.allofmyassets.com

Aug 26, 2022

"I can find any business $100,000 or more in less than 45 minutes... guaranteed", Howard Wolpoff If you are like many business owners, you are highly skilled with regard to your trade, but you struggle with a marketing message and lead nurturing program. Howard Wolpoff HELPS business owners to develop a MARKET DOMINATING POSITIONS. CLICK HERE to learn more about Howard and his processes As always, David Chudyk, CFP(r) is available for those money related questions that are keeping you up at night by emailing david@parallelfinancial.com If you are a business owner, visit www.allofmyassets.com/value-builder-score or simply visit www.allofmyassets.com to learn more about increasing the value of your business.

Aug 17, 2022

Doug Mitchell is an entrepreneur, podcaster, speaker, coach, father, and husband who has built successful sales organizations. In this episode we discuss: 1. Why core values are important. 2. What can a business leader do when "no one wants to work" 3. How to empower a sales team to achieve their goals. To learn more about how Doug can help you, visit www.txbizdad.com To sign up for the UPSTATE SMALL BUSINESS CONFERENCE, visit www.upstatesbc.com As always David Chudyk can be reached via email david@parallelfinancial.com and don't forget to check out www.weeklywealthpodcast.com and www.allofmyassets.com

Jul 22, 2022

Pj Reilly has unique methods of buying and selling vacant land. Whether you are interested in buying one piece of vacant land or learning how to grow your wealth through the buying AND selling of land, this episode could be for you. To learn more about his course, please visit www.landlifecourse.com and make sure to follow him on tiktok @pjreillyislandlife and check out his YOUTUBE Channel by CLICKING HERE Don't forget to check out David's new website www.allofmyassets.com to learn how to build the value of, what is probably your biggest asset, and that is your business itself. To take your Valuebuilder score for YOUR business, CLICK HERE As always, David is always available for any of the money related questions that might be keeping you up at night. david@parallelfinancial.com

Jul 14, 2022

Danielle Hayden of Kickstart Accounting, Inc helps to make business owners' lives easier and more profitable. Through increasing efficiency, decreasing the time it takes to collect receivables, and being part of her clients' "financial team", Danielle and the Kickstart Accounting help business owners to run their businesses more efficiently and more profitably. Visit www.kickstartaccountinginc.com

Jul 8, 2022

To sign up to attend PHILLIP SESSIONS event in the upstate of SOUTH CAROLINA, make sure to go to www.upstatesbc.com and to book your complementary consultation with Phillip, please CLICK HERE. To learn more about David Chudyk visit www.weeklywealthpodcast.com and if you are a business owner, I would love your thoughts on our new website www.allofmyassets.com David Chudyk can be reached via email david@parallelfinancial.com

Jun 24, 2022

After her first business failed, Stacey Brown Randall had to come up with systems, methods, and processes to gain new clients. In her first year of her new venture, she received 120 referrals. To learn more about how Stacey can help you to build your business through the power of referrals, please visit www.staceybrownrandall.com and make sure to take her REFERRAL NINJA QUIZ by clicking www.staceybrownrandall.com/quiz As always, email david@parallelfinancial.com with any of your money/financial planning related questions or click www.calendly.com/davidpf

May 20, 2022

Chris Melcher of Walzer, Melchel, and Yoda in Southern California represents high profile clients in divorce cases. In this episode, we get his unique perspective on the #JohnnyDepp and #AmberHeard case and we discuss the PRACTICAL steps that your business can take if you are ever involved in a defamation case. For more information about Mr. Melcher, please visit www.walzermelcher.com CLICK HERE to download YOUR VALUE BUILDER SCORE FOR YOUR BUSINESS For any other financial issues that are keeping you up at night, email david@parallelfinancial.com linktr.ee/davidchudyk

May 13, 2022

So far in 2022, the major stock market indices are all down. Emotions are high and anxiety is strong. In this episode, we talk about some of the action items you can take that can reduce your anxiety and even help you to come out of this downturn better than you were before it began. Email david@parallelfinancial.com or go to www.calendly.com/davidpf to set a time to discuss your portfolio CLICK HERE if you would like to get the VALUE BUILDER SCORE for your business CLICK HERE to download your FREE E-BOOK .... The Definitive Guide to Standard Operating Procedures CLICK HERE to download your FREE E-BOOK .... The 4 Degrees of Delegation

May 2, 2022

Do you talk to your prospects like they are dogs or kitty cats? Find out which approach can lead to better relationships! Don't forget to download Nikki's FREE ebook by going to youralesmaven.com/week Nikki can be found at: https://yoursalesmaven.com/ https://www.facebook.com/yoursalesmaven/ https://www.instagram.com/your_sales_maven/ https://www.linkedin.com/in/nicolerausch/ As always, David Chudyk, CFP(r) is available for any questions about your MONEY. email david@parallelfinancial.com or visit www.calendly.com/davidpf linkt.ree/davidchudyk

Apr 22, 2022

Are you an entrepreneur that wears many hats? Do you have the responsibility of leading your sales team but: - don't do it effectively? - don't have the time to do it at all? - don't have the desire to lead your sales team? If you answer is yes or if your sales team's numbers are not where you would like, a FRACTIONAL SALES MANAGER could be for you To learn more about Will Traylor and his company, visit www.actionaxiom.com email him at wtraylor@actionaxiom.com, or call (303) 621-6032 As always... email david@parallelfinancial.com with any of your financial related questions linkt.ree.com/Davidchudyk

Apr 14, 2022

Ken Ruggiero is an Advisor with Conscious Capitalism and CEO and Chairman of Ascent , a student success company offering success programs and outcome-based education loans. Ken is extremely passionate about setting students up for success to earn higher ROI from their degree/careers and has funded programs like mentoring, micro-internships, and financial literacy programs provided for free to help students succeed. Visit Bright Futures Engine to find the numerous resources that Ken makes available and to learn more about Ascent. --------------------------------------------------------------- Click here to watch an 11 minute video about how our firm manages investment risk. As always, if there is anything that is keeping you up at night with regards to your money or if you have a financial goal that you would like to discuss, email david@parallelfinancial.com

Apr 7, 2022

College planning, college selection, college funding, and even the decision TO go to college can impact the financial lives of students and parents for decades. In this episode, Cozy Whittman of College Inside Track discusses: 1. What the FAFSFA is, when to fill it out, and other dispels other FAFSFA myths. 2. Some other methods by which to fund your college expenses. 3. Upcoming changes to the FAFSFA To discuss your child's educational goals visit Free Advice - College Inside Track As always, if there is anything keeping you up at night with regards to your personal and business finances, email david@parallelfinancial.com or visit www.calendly.com/davidpf. david@parallelfinancial.com or visit www.calendly.com/davidpf .

Mar 30, 2022

In this episode we discuss some or the legal documents that many individuals should have in place as well as some of the basic legal issues that small business owners face. If you are in South Carolina, visit https://mjmlawsc.com to learn more about Mr. McDuff and his firm. As always email david@parallelfinancial.com for your consultation regarding any of the financial issues that are keeping you up at night. To watch an 11 minute video that describes how our firm manages risk CLICK HERE

Mar 10, 2022

Tiffany Phillips is a Certified Public Accountant who is proactive in tax PLANNING. She works diligently with with her client to craft strategies that can help them to reduce their tax burdens. Visit Tiffanyphillipscpa.com to learn more about Tiffany and her practice. As always, email david@parallelfinancial.com with all of your financial related questions

Jan 31, 2022

Sarah Walton works primarily with women (although many of her principles work with men, as well) to help them to break through barriers, have more profitable businesses, and to define what success means to them. To connect with Sarah, visit www.sarahwalton.com. Sarah's youtube channel has a WEALTH of FREE content that can help you to live out your passions Sarah Walton - YouTube Don't forget to connect @thesarahwalton on Instagram As always, email david@parallelfinancial.com with your investment and financial planning questions. Don't forget to check out our newly updated website www.weeklywealthpodcast.com

Jan 15, 2022

In this episode, Realtor, Clifton Montgomery talks about the process of buying a rental home that can house your college student and provide rental income that can offset most or all of the costs of ownership. Clifton can be reached at (803) 550-0356 Follow him on Instagram @cliftonyourfavoriteagent and via email clifton.realtor@yahoo.com As always, email david@parallelfinancial.com with any financial questions or visit www.calendly.com/davidpf to set an appointment

Dec 30, 2021

Dr. J discusses some of the common sense methods to reduce or even eliminate chronic illnesses. To learn more about Dr. J and to connect with her, please visit linktr.ee/medfitdo As always, click www.calendly.com/davidpf to schedule time to discuss your financial or investment plans with David Chudyk and don't forget to download the Roadmap to Financial Success at www.weeklywealthpodcast.com

Dec 15, 2021

Dee Gredler is a leadership coach who helps women to determine their identities and improve their leadership skills. In this episode, Dee gives numerous tips, one of which is the SEVEN WHY'S Please visit Dee's website at www.deegredler.com To speak with David Chudyk about any financial issue that is keeping you up at night, email david@parallelfinancial.com

Nov 30, 2021

Lindsay White is a leadership coach who helps clients to define their leadership styles. She helps leaders to build inspiring cultures and to LOVE their businesses again. To learn more abut Lindsay and her company, visit https://highvoltagecoaching.ca/ or connect with her on Linkedin at https://www.linkedin.com/in/lindsay-white-high-voltage/ As always, if there are any financial issues that are keeping you up at night, email David@parallelfinancial.com to schedule your 30 minute zoom call. Don't forget to visit www.weeklywealthpodcast.com to download our Roadmap to Financial Success.

Nov 20, 2021

Deborah Peters discusses how to "outlive your past" and how to remove victim mentality. To learn more about Deborah Peters, visit www.neimind.com As always, to contact David Chudyk with any financial related questions, email david@parallelfinancial.com and don't forget to visit www.weeklywealthpodcast.com

Nov 10, 2021

In this episode, Excercise Physiologist, Mike Ricchio talks about the pillars of heath and gives some simple and actionable steps that can help jumpstart your health journey. To learn more about Mike Ricchio and his programs visit his website at www.marhealthandperformance.com or @marhealthandperformance on Instagram. To schedule your zoom call with David Chudyk email David@parallelfinancial.com or visit www.calendly.com/davidpf

Nov 1, 2021

Rocky Lalvani works with business owners to help them to maximize profits by understanding their cash flows. Please visit www.profitcomesfirst.com to learn more about Rocky. Please also listen to Rocky's podcast at https://profitcomesfirst.com/podcast/ For all questions related to YOUR financial situation, email david@parallelfinancial.com to set up your appointment.

Oct 25, 2021

Harrison Baron discusses: 1. Why Tik Tok might be the best online platform for your business to get exposure (hint... it is free). 2. Why Instagram is becoming less popular. 3. The SECRET to using Facebook to effectively market your business (hint... it ISN'T by buying ads). 4. What to expect from LINKEDIN Visit https://www.growth-generators.com/ to learn more about Harison's company and visit https://www.youtube.com/c/TheMillennialEntrepreneurHarrisonBaron to see his many FREE videos on youtube. To schedule a time to talk with David Chudyk, CFP(r) about any financial issues that are keeping you up at night email david@parallelfinancial.com visit www.calendly.com/davidpf Don't forget to DOWNLOAD THE ROADMAP TO FINANCIAL SUCCESS at www.weeklywealthpodcast.com

Oct 14, 2021

In this replay of a recent webinar, Parallel Financial's Chief Investment Officer talks about some of the main concepts in his new book, "Investment Lessons of 2020: How An Unprecedented Year Taught Us Everything About Investing". To purchase a copy of Mr. Towner's book on Amazon, please visit https://www.amazon.com/Investment-Lessons-2020-Unprecedented-Everything/dp/B09DJ94XL3/ref=sr_1_1?dchild=1&keywords=greg+towner&qid=1634234073&sr=8-1 As always to schedule your 30 minutes appointment with David Chudyk to discuss what is keeping you up at night visit www.calendly.com/davidfp or email david@parallelfinancial.com

Oct 9, 2021

Many people feel as if insurance, mainly car insurance is a RIPOFF or a "RACKET". In this episode we discuss what car insurance really does for for you, what drives rates, and what you can do to make sure that you are paying the right price for the right coverage. If you would like to discuss your personal financial decisions, email david@parallelfinancial.com or visit www.calendly.com/davidpf

Oct 1, 2021

The old saying of "The rich get richer" is often true, but why is it true? What to the rich do that helps them to get richer? This podcast talks about some of the things that the rich do that helps them to gain momentum and build their wealth. Also, make sure to revisit https://www.weeklywealthpodcast.com/podcast/ep-6-rich-habits to listen to last year's episode with Tom Corley. As always, email david@parallelfinancial.com to schedule a time to chat about your own personal financial situation.

Sep 24, 2021

2021 is quickly coming to an end. This episode gives some logical tasks to complete in October, November, and December of 2021. To schedule your consultation with David Chudyk, email david@parallelfinancial.com

Sep 18, 2021

Business owners are pulled in many directions and, often, neglect their personal and business planning. In this episode, we discuss why business owners should consider life insurance for : 1. Death Benefit Protection. 2. To pay off debt in the event of a death. 3. Key Person insurance. 3. The funding of a BUY/SELL agreement. 4. Supplementing retirement income. If any of these concepts interest you or if you have any other financial issues that you wish to discuss, email david@parallelfinancial.com

Sep 3, 2021

Each year, September is designated as Life Insurance Awareness Month by LIMRA. In this episode, we talk about the following misconceptions: 1. Life insurance is too expensive 2. My workplace life insurance is too expensive. 3. It is too difficult to buy 4. I don't need life insurance until I am older. If you have any questions about life insurance or any financial topic, email david@parallelfinancial.com or click www.calendly.com/davidpf to set an appointment.

Aug 28, 2021

Our habits shape who we are and shape our results. Sonya MacCrimmon talks about: 1. What habits are. 2. How habits are formed. 3. How habits can be built or broken. Please vist Sonya on instagram at http://www.instagram.com/sonyajmac.coaching, visit her website to download her free workbook https://www.sonyamaccrimmon.com/freebie-5-steps-to-change, or visit https://hello.dubsado.com/public/appointment-scheduler/6115a1f1e855907992425b76/schedule to set up your own Habit Booster Session To schedule your appointment to discuss your financial concerns and goals, email david@parallelfinancial.com or visit www.calendly.com/davidpf

Aug 20, 2021

Merriam-Webster defines Wealth as "abundance of valuable material possessions or resources", but when asked about "true" wealth most will give a definition that includes "freedom", "love", and "happiness". The following are 4 mindsets and actions that can kill your financial AND "TRUE WEALTH": 1. Mindless spending/drifting/ignorance. 2. Making emotional investing decisions. 3. Thinking about risk in the wrong ways. 4. Lack of thankfulness. If any of these concepts resonate with you, email david@parallelfinancial.com and we can have a discussion.

Aug 14, 2021

Laura Cowan is a leading New York City attorney who works with business owners. Through her legal audit process, she can help entrepreneurs to determine and prioritize areas where there businesses are at risk with potential legal issues. Laura's website is www.thelauracowan.com CLICK HERE if you would like to contact Laura Cowan. As always, if there are financial issues that are keeping you up at night, visit www.calendly.com/davidpf to schedule an appointment.

Jul 31, 2021

Money and how we handle our money can be the root of many money problems in relationships. In this episode we have a fascinating conversation with Adam Kol of www.couplesfinancialcoach.com. Adam gives insight on how to work with your partner to get on the same page with regards to finances. For more information or to connect with Adam Kol, please visit www.couplesfinancialcoach.com to take his free test and benefit from the large amount of free resources that he provides. To schedule your consultation with David Chudyk, visit www.calendly.com/davidpf or email david@parallelfinancial.com

Jul 23, 2021

Jonathan Feniak helps business owners to determine if wyoming based holding companies and other risk management techniques are appropriate. To connect with Mr. Feniak please visit his website at www.wyomingllcattorney.com. As always to discuss anything that is keeping you up at night, email david@parallelfinancial.com

Jul 17, 2021

Greenville, South Carolina based Attorney, Justin Hamrick discusses one of the biggest mistakes that he sees parents make with regards to their life insurance and beneficiary forms. To contact Mr. Hamrick, please visit his website at www.hamricklaw.com or call 864 520-2021 If you would like to schedule your 30 minute zoom meeting with Certified Financial Planner(r), David Chudyk, email david@parallelfinancial.com or www.calendly.com/davidpf

Jul 5, 2021

During the times of our business and professional lives, where we need the services and advice of an attorney, it is crucial to pick the lawyer who is most suited to us. Christopher Melcher has over 2 decades of experience where he has helped his high net worth clients, many of whom are famous to navigate the stressful and impactful waters of the divorce process. Chris will share the secrets to choosing the RIGHT attorney for you. To connect with Chris on Linkedin please visit http://www.linkedin.com/in/ccmelcher and also check out https://walzermelcher.com for more information. To schedule your 30 minute discussion with David Chudyk, CFP(r) about the financial topics that are keeping you up at night, visit www.calendly.com/davidpf or email david@cfsig.net

Jun 26, 2021

Michelle is a technician of financial planning, investment, and wealth management, but what differentiates Michelle from other financial advisors is that she has spent the last two-plus decades studying the unconventional, non-financial aspects of life satisfaction, financial therapy (it’s a thing), behavioral bias, choice, and decision advising. In this episode we have a candid discussion about how we THINK about money and how to change your money scripts to those that can serve you well. If you would like to connect with Michelle, please visit: Website https://www.michelleab.com Facebook Page URL https://www.facebook.com/michelle.arpinbegina Instagram Handle https://www.instagram.com/michellearpinbegina/ Twitter Handle @Michelleab17 LinkedIn https://www.linkedin.com/in/michellearpinbeginacfp/ As always, to schedule your 30 minute "sleep at night" chat with David Chudyk, email david@parallelfinancial.com or visit www.calendly.com/davidpf

Jun 11, 2021

ARE YOU READY TO TURN YOUR TRIUMPH INTO TRAGEDY? Sarah K. Ramsey is a coach that helps her clients to break old patterns and get unstuck more quickly than they ever thought possible. In this episode we discuss mindsets as they relate to money and wealth building. Please visit Sarah K. Ramseys website at www.sarahkramsey.com and CLICK HERE to check out her best selling book. As always, email david@parallelfinancial.com with any financial issues that are keeping you up at night and visit www.calendly.com/davidpf to schedule your "sleep at night" consultation.

Jun 4, 2021

As an insurance professional, Jessica Owens helps clients to manage their risks and obtain the right insurance protection. If you would like to speak with Jessica about your specific insurance situation, please call 864 882-3781, email jessica@cfsig.net, or visit www.cfsig.net To schedule your 30 minute appointment with David Chudyk click here or email david@parallelfinancial.com

May 29, 2021

As the country is moving towards normalcy, here are some of my thoughts about the financial lessons to be learned from the pandemic? What are your thoughts? What did you learn? To schedule your 30 minute consultation with David Chudyk email david@parallelfinancial.com or click www.calendly.com/davidpf

May 21, 2021

In 2018, I began to work, in conjunction with Foothills Care Center on a year long, comprehensive financial literacy class. The idea was to help teach participants how to "redirect" $10 per week into a savings account and then have the funds matched by donors. In the first round, all but 2 participants finished the program, each participant made some lifechanging financial improvements, and one even became a homeowner! The program included sessions that taught: - Budgetting - Insurance basics - Investment basics - Financial habits - Mortgage/real estate basics - Legal/estate planning basics. Our office is hosting a fundraising event on May 28th from 4pm until 7pm at 916 East North First St in Seneca South Carolina. If you would like to attend, please CLICK HERE . We are covering 100% of the cost of the food, but are simply asking for donations of any amount. There will also be a silent auction. All monies raised will go directly to Foothills Care Center. If you would like to send a donation to benefit this program please visit https://www.myegiving.com/app/giving/eGiving-762807 To learn more about the great work that Foothills Care Center is doing, visit www.foothillscarecenter.org As always, email david@parallelfinancial.com to discuss any of the financial issues that are keeping YOU up at night.

May 15, 2021

After the loss of her parents, Cindy Arledge dealt with the pain and family turmoil that was involved with the settling of her parents' estate. Cindy is passionate about helping other families to avoid the same issues and to have true generational wealth. Please visit Cindy's site www.legacyriskaudit.com to complete her legacy assessment. As always, please email David@parallelfinancial.com with any financial questions that are keeping you up at night.

May 7, 2021

As an insurance industry veteran, Allen Pruitt is passionate about helping his clients to plan for final and legacy expenses. If you are interested in speaking with Allen, please call 864 723-1917 or email allenpffl@gmail.com

May 1, 2021

Credit and debt settlement expert discusses the basics of credit scores, debt settlement, and collections processes. To speak with Sam, call 855 291-7557 or visit his website at www.creditcrb.com To schedule your consultation with David Chudyk, email David@parallelfinancial.com or visit www.calendly.com/davidpf

Apr 23, 2021

In this episode we discuss SEVEN areas of consideration for your business. They include: 1. Decide what you want your business to be. 2. Retain a great internal team. 3. Retain a great external team. 4. Manage cash flows. 5. Minimize current taxes. 6. Minimize future taxes. 7. Develop an exit/diversification plan. For your 30 minute "sleep at night" discussion, email david@parallelfinancial.com or visit www.calendly.com/davidpf to set a time where we can have an informal chat about the financial issues that keep you up at night.

Apr 17, 2021

Coach Joe Lukacs works primarily with financial advisors in his coaching practice, but in this episode, he shares the success secrets that will work for any profession. As always, to schedule your 30 minute call with David Chudyk, visit www.calendly.com/davidpf or email David@parallelfinancial.com

Apr 9, 2021

Cozy Whitman discusses the various sources and types of financial aid for college students and what to look for when selecting a college. Visit https://collegeinsidetrack.com/ to learn more about College Inside Track and to schedule your virtual appointment. As always, for ANY financial question or issue that is keeping you up at night, email David@parallelfinancial.com or visit www.calendly.com/davidpf to set your 30 minute appointment

Apr 2, 2021

Cassie Ferrer works with individuals and entrepreneurs to develop cash flow strategies to provide peace of mind and financial stability. Cassie's academic background includes a BA in Finance and Marketing and an MBA. She is also a CPA candidate. She was featured in Marketwatch, Fox 54 news, Digital Journal, Finance Care Services, Small Business Expo, Corporate Shark Tank, other local news shows, and numerous podcasts. To connect with Cassie, please visit her website at www.numbersnerdconsulting.com or simply type Debt Free Family in the searchbar within Facebook. As always, to schedule your 30 minute consultation with David Chudyk, CFP(r) please email David@parallelfinancial.com or visit www.calendly.com/davidpf

Mar 26, 2021

With the tax filing deadline being extended to May 17, 2020 this episode takes a brief look at the basics of IRA's and Roth IRA's. To schedule you consultation with David Chudyk email david@parallelfinancial.com or visit www.calendly.com/davidpf

Mar 13, 2021

With the passage of the Rescue America Plan, many Americans will be receiving Stimulus checks in the near future. CLICK HERE to access a Kiplingers.com article that contains details, income restrictions, etc., for the latest round of stimulus checks. As always, email David@parallelfinancial.com to set up your 30 minute zoom appointment to discuss the financial issues that are keeping you up at night.

Mar 4, 2021

We all know that most financial advisors manage money or provide some sort of investment advice or planning, but what ELSE should your financial advisor do for you? In this episode, David gives his take on the 5 of the jobs that your financial advisor has (in addition to money management: 1. Help client to decide if they have the proper mortgage for their current situation. 2. Align clients with professionals who can help take important items off of their plates. 3. Guide clients to the proper property and casualty risk coverages. 4. Ask the "whats" and "why" questions. 5. Discuss and determine what levels of giving should exist in their clients' lives. Don't forget to visit our website at www.weeklywealthpodcast.com and also make sure to email david@parallelfinancial.com with any questions or to schedule your 30 minute zoom or telephone call.

Feb 27, 2021

These three books can be game changers in your life! 1. "Doesn't Hurt to Ask... Using the Power of Questions to Communicate, Connect, and Persuade", by Trey Gowdy. 2. "Personality isn't Permanent", by Benjamin Hardy, PhD 3. "Rich Habits", by Thomas C. Corley, CPA, CFP, M.S. To schedule your appointment with David Chudyk, email David@parallelfinancial.com

Feb 20, 2021

If you are feeling stuck in your business or personal lives, it could be your thoughts that are holding you back. In this episode, Jessica Pilgrim discusses how our thoughts and attitudes can either help us or hinder us. She also provides some simple and effective tips and exercises to hel you to get UNSTUCK. To reach Jessica, please email Jessica@boldllc.net To schedule your 30 minute Financial discussion, email david@parallelfinancial.com OR go to www.calendly.com/davidpf to find a time that works for you

Feb 13, 2021

In this episode, Graeme Newell talks about the many causes of our bad financial decisions. To learn more about Graeme, please visit his website at www.graemenewell.com and also CLICK HERE to go to his youtube channel. As always, to schedule your financial consultation, email David@parallelfinancial.com

Feb 6, 2021

Derrick Van Ness discusses the nuts and bolds of Research and Development Tax Incentives. CLICK HERE to schedule a time to speak with Derrick to further discuss these incentives and how they might apply to your personal situation. As always, please visit https://www.weeklywealthpodcast.com/contact-us to contact David Chudyk, CFP(r) or to set your virtual or in-person appointment

Jan 30, 2021

Personal umbrella policies protect your assets. For a very minimal amount of premium, just about anyone can have an additional million dollars or more of coverage. For more information or to schedule your 30 minute financial consultation, email david@parallelfinancial.com

Jan 23, 2021

Are all "financial planners" the same? In this episode, we discuss the Certified Financial Planner(tm) designation... what it is, how does one obtain it, and what it means to a client. To schedule your complementary financial consultation, email david@parallelfinancial.com or visit www.calendly.com/davidpf

Jan 14, 2021

In this episode, Ary, The Bad Ass Budget Babe talks about: 1. How do do a money date so that you can get money in order. and 2. What are the biggest money mindset blocks? For only $3, Ary is offering her MONEY DATES WORKBOOK and ONLINE PROGRAM. CLICK HERE This program can help you to get on the right track. Ary can also be reached by emailing hello@badassbudgetbabe.com As always, click here to schedule your complementary consultation with David Chudyk to discuss your investment portfolio or any other financial planning needs. David can be reached at david@parallelfinancial.com #badassbudgetbabe #budget #virtualcfo

Jan 9, 2021

Instead have having a New Year's Resolution this year (that would only last a few weeks anyway), I am committing to some mindset and habit changes. These include: 1. Making a conscious effort to manage my: - Internal Dialogue - Mental State - Physical State 2. Learning to say no to anything that doesn't take me towards my ultimate goals. 3. Build others up and improve my own leadership skills. I would love to hear your thoughts about our show and what topics that you would like to have covered in 2021. Please let us know by emailing david@parallelfinancial.com or leaving a review. To schedule your complementary portfolio review or to just chat about what it is like to have a financial advisor relationship with me and our firm CLICK HERE

Dec 30, 2020

Here is a list of our top TWENTY lessons of 2020: Top 20 lessons from 2020 Allocation is important Emergency fund need to be emphasized. We must be able to adapt to varying conditions and financial environments. People care Opportunities always exist Account balance only really matters when (or close to when) you need to use that money Your financial plan includes more than your retirement plan balances We need to love each other and take care of each other Life can change in an instant The government can try but they can’t solve problems Health is precious Time with family is a blessing People will argue no matter what Technology is amazing Anyone can become an expert an anything simply by watching 2 YouTube videos Social media makes it way too easy for strangers to argue It is important to respect and try to understand the points of view of others Don’t let anything get in the way of what is really important to you Mindsets are crucial Podcasting is awesome! To schedule your 30 minute consultation please go to www.calendly.com/davidpf or email david@parallelfinancial.com

Dec 18, 2020

What we believe influences our decisions. What we decide influences our actions. How we act influences our results. It is a never ending cycle, but we can learn to use the cycle in a manner that serves us well. In this episode I talk about some of the main topics from an annual conference that I am attending this year: 1. Our Current beliefs 2. Our Current Values and Rules 3. Our Internal Dialogue 4. Our self images If you would like to discuss how these concepts relate to your own financial situation, email david@parallelfinancial.com

Dec 10, 2020

Jordan Roberts is a financial advisor with Parallel Financial and discusses why small business owners might want to hire their children or other family members. He discusses the three types of taxes that can be eliminated and talks about the business structures that can optimize these savings. To contact Jordan or to request a copy of his whitepaper, email jordan@parallelfinancial.com As always, for your complementary 30 minute consultation, email david@parallelfinancial.com or click here to schedule your virtual appointment. **Please remember that this episode was intended to be general in nature and you should consult your advisor(s) regarding your specific situation**

Dec 1, 2020

Laura Moon and Nicole Girouard are the hosts of the very popular ASK MORE, GET MORE show on Youtube. In this episode, we have an energetic conversation about: 1. Why boundaries are important when setting goals. 2. How to use boundaries as a means to help gain the personal financial successes that are important to you. 3. Laura and Nicole's secret productivity hacks. Make sure to CLICK HER E to check out their YOUTUBE CHANNEL As always, email david@parallelfinancial.com or click here to schedule your virtual or in-person meeting to discuss your own personal financial situation.

Nov 26, 2020

2020 Has had its share of problems, but yet it is always important for all of us to remember all of which we need to be thankful. In this episode, we give several steps that can help you to achieve more and have even more to be thankful for in 2021 and beyond. As always, if you would like a 30-minute consultation via zoom, telephone, or in person, email me at david@parallelfinancial.com or visit my calendar link at www.calendly.com/davidpf #2020 #thanksgiving #Thankfulness #countyourblessings

Nov 21, 2020

In this candid talk, Bonnie Burkett teaches us some secrets of cutting college costs. One of her secrets is the CLEP and this is a great article that can take you through the process www.collegeinfogeek.com/clep . For a "guestimate" of your family's "Expected Family Contribution", please visit https://fafsa.ed.gov/spa/fafsa4c/#/landing Bonnie's Book can be found via this amazon link https://www.amazon.com/ENOUGH-College-Cost-Crisis-financial-ebook/dp/B0868Z6F7Y and her blog is www.lightwayenterprises.com/blog And as always, if you would like to have a call to see what it would be like to work with a financial advisor, email me at David@parallelfinancial.com or go to www.calendly.com/davidpf

Nov 15, 2020

In this episode, we discuss the ins and outs of Medicare and Medicare Supplement Plans with Lee Shaw. To contact Lee Shaw, please call 864 286-2276 or email walter.shaw@bcbssc.com To schedule your complementary financial consultation with David Chudyk, email david@parallelfinancial.com or go to www.calendly.com/davidpf

Nov 2, 2020

In this episode, we speak about THREE important investments that you should consider during the 2020 Presidential Election. For the thoughts of Parallel Financial's Chief Investment Officer, check out this episode, as well https://www.weeklywealthpodcast.com/podcast/the-2020-presidential-elections-your-money-and-the-markets-with-greg-towner If you would like to speak with David Chudyk about your personal financial decisions, email david@parallelfinancial.com or CLICK HERE to schedule an appointment

Oct 28, 2020

While most of our episodes focus on a financial tool or strategy, this episode features Dr. Melissa Macdonald as she discusses some ways to operate more healthily in your office and home office environments. Dr. Melissa MacDonald is a graduate of Northwestern Health Sciences University where she earned her Doctor of Chiropractic. She then spent two years of specialty training in the Human Performance Center where she focused her research and clinical skills on specific testing and treatment protocols. Now Dr. Mac is the owner of Mobility Agility Chiropractic Performance and is the team chiropractor for MN Roller Derby, River City Rhythms a drum corp international, and the MN Pride a professional woman’s football team. Check out her podcast at https://www.macperformanceclinic.com/podcast CLICK HERE for links to all of Dr. Mac's social media sites. For questions on all things money related, email david@parallelfinancial.com or go to www.calendly.com/davidpf to schedule your 30 minute consultation

Oct 23, 2020

With mortgage rates being at, or near, historic lows we thought it would be a good time to speak with a mortgage professional about the basics of new and refi mortgages. To speak with Lee Ayer, please call 864 958-2399 or email lee.ayer@spmc.com If you would like to set a 30 minute phone or zoom call with David Chudyk, please click www.calendly.com/davidpf or email david@parallelfinancial.com

Oct 17, 2020

In this episode, Parallel Financial Chief Investment Officer, Greg Towner discusses the upcoming election and how the markets might (or might not) be affected. We would love to know your thoughts, so email David@parallelfinancial.com with any comments or questions and CLICK HERE to schedule your 30 minute consultation with David Chudyk

Oct 11, 2020

Long Term Care is a misunderstood topic, but if not properly planned for, it can cause devastating financial results. In this episode we answer the questions: 1. What is long term care? 2. What are the funding options for long term care? 3. What are the two major classifications of long term care coverage? 4. How does proper planning for long term care expenses impact your family and even future generations? As always, if you are interested in a 30 minute telephone call, zoom virtual meeting, or in person appointment, please email david@parallelfinancial.com or CLICK HERE

Oct 3, 2020

In this episode, we give some simple steps to take, in the event of an unplanned job loss. They include: 1. Take the job loss as an opportunity to evaluate your options. 2. Make it your JOB to get a job or start a business. 3. Evaluate your budget. 4. Evaluate your retirement plan. 5. Take inventory of which benefits you have lost. If you would like to discuss your personal financial situation in a complementary 30 minute consultation, email david@parallelfinancial.com

Sep 25, 2020

Ziv Raviv is a successful businessman, engaging podcaster, and husband. In this episode, we discuss some of the common areas of disagreement that married couples have with regards to money and give three simple steps to work towards solutions. Visit www.generousmarriage.com/wwp to learn more about the GET OUT OF RED 21 Day Blueprint For A Supportive Marriage And A Growing BUsiness. Make sure to check out Ziv's podcast Generous Marriage on all of the major podcasting platforms. To schedule a complimentary financial consultation, click here or email David@parallelfinancial.com

Sep 17, 2020

Like many of us, Keli Calderon and her husband mismanaged their personal finances and it began to affect all areas of their lives. When reaching the breaking point, they decided that something needed to be done and they dug their way out and paid off $80,000 in debt over two years. Having made personal financial improvements, Keli has not set out to teach and train children and teenagers on how to WIN at the game of money. Keli's website is www.thesmartmoneyacademy.com and she can also be found on instagram and facebook, using THESMARTMONEYACADEMY If you have ever wondered what it would be like to work with a financial advisor, feel free to email david@parallelfinancial.com or go to www.calendly.com/davidpf to schedule your in person or virtual appointment

Sep 11, 2020

WIth years of experience as a daily money manager, Amy Carrick serves the needs of those who are in the most need of help. In this episode, we talk about the roles that a daily money manager can play and how Amy handles the daily financial affairs of her clients. If you are interested in speaking with Amy, she can be reached at amy@carrickconsulting.com or via telephone 864 915-5505. Make sure to check out her website at www.carrickconsulting.com If you have ever wondered what it looks like, to work with a financial advisor, email david@parallelfinancial.com or visit www.calendly.com/davidpf to schedule your 30 minute telephone, in person, or zoom conversation. Don't forget to check out www.weeklywealthpodcast.com

Sep 5, 2020

Having come from a family of life insurance professionals, Mark Chesson is an encyclopedia of Life insurance and it's advanced uses. In this episode, you will learn how ultra high net worth families use life insurance to grow and pass money in very efficient manners. We also discuss how policies can be structured for either optimal death benefit or optimal cash value accumulation. If any of these concepts resonate with you or if you would simply want to know what it is like to work with a financial advisor, email David@parallelfinancial.com or visit www.calendly.com/davidpf to schedule an appointment.

Aug 28, 2020

For almost 18 years, my family and I lived in the same house. Earlier this year, we decided that it was time for a change and for us to move into town. The home selling and purchasing journey was fun, exciting, frustrating, exhausting, and had just about every other emotion. One day, on the way home from soccer practice, I found myself driving to our old home, not our new one. It got me to think that much of our lives are on auto pilot and we make decisions without thinking. In this episode we ask: 1. Are your habits serving you well? 2. Are there any major changes that you need to make. If you would like to know what it looks like to work with a financial advisor, schedule a chat by clicking www.calendly.com/davidpm

Aug 20, 2020

In close to 2 decades of working with clients to build financial success, David Chudyk has found that there are eight universal truths that apply to everyone, regardless of income, net worth, and age. 1. You have to make the choice to be financially successful. 2. You must KNOW. You must know your critical numbers, you must know your goals, you must know your inflows, and you must know your outflows. 3. If you can't (or don't want to) afford a loss, it it is a good idea to insure it. 4. You must prioritize needs vs. wants. 5. Small and continuous mistakes add up and compound over time. 6. Everyone needs financial accountability. 7. Money is neutral, it is neither good or bad.... how one handle's money can be either positive or negative 8. Look at what those who are financially struggling and DON'T DO WHAT THEY DO. If you would like to learn more about our firm, what it is like to be a client, or just have a conversation about your financial questions, email david@parallelfinancial.com or go to www.calendly.com/davidpf to schedule an appointment

Aug 11, 2020

Dan Rochon battled alcohol abuse and then built careers as a successful real estate agent, real estate trainer/coach, and real estate investor. In this episode, we talk about his journey and how investing in real estate can build wealth. We also talk about his system that can help real estate agents build Consistent Predictable Income. Please visit Dan's website at therealestateevolution.com As always, if you would like to have a complimentary consultation with David Chudyk please email david@parallelfinancial.com or CLICK HERE TO SCHEDULE YOUR VIRTUAL CONSULTATION

Aug 4, 2020

Parallel Financial's Chief Investment Officer, Greg Towner examines: 1. Who and how stocks are determined to be "high quality" 2. Why are the portfolios that he manages primarily made up of quality stocks. 3. Psychological benefits of having a portfolio with low volatility. 4. Relative market performance for portfolios that consist of quality stocks. If these concepts resonate with you or you have any other financial planning matter that you would like to discuss, please email david@parallelfinancial.com or CLICK HERE to set up a complimentary virtual appointment with David Chudyk.

Jul 30, 2020

Elizabeth Pampalone had a business that did not lack for revenue, but she never seemed to be able to compensate herself properly, for her efforts..... until she discovered profit first. Learn how the profitfirst concepts might benefit you. To contact David Chudyk, visit www.weeklywealthpodcast.com/contact-us

Jul 21, 2020

For over 20 years, UVISEME (You-vize-me) Founder Jenifer Price, PhD, LMSW has offered strategic advice to high school, early career adults, and their families in the college and career selection process. She has visited 200+ colleges nationwide and helped students collectively win over $15 million dollars in scholarships to date. Dr. Jen's guidance minimizes the confusion and stress associated with college admissions, lowers the cost of attendance, promotes more timely graduation rates, and increases career satisfaction. Her wisdom is accessible via College Edge ( mycollegeedge.com ), an online college advising course for students and families in grades 7th-12th and soon-to-be released book for teens and young adults: Generation E.D.G.E.: Your GPS to Career Success. As always, email david@parallelfinancial.com with questions about all things money. If you would like to schedule a complementary 30 minute virtual consultation, CLICK HERE.

Jul 17, 2020

We are just past the halfway point of one of the craziest and unpredictable years in lifetimes. From Covid to protests and yes.... maybe the murder hornets are still coming, we are all faced with uncertainty. If you would like to have a 30 minute consultation about your investments or any other financial concerns, c lick here for access to David's schedule. As always, have a blessed and prosperous week

Jul 14, 2020

In his work as a financial advisor for high net worth individuals and business owners, Steve Tolleson uses many of the skills that he used to make it to the major leagues. Steve talks about his clients have to put so much effort and attention into their businesses and careers that there are simply not enough hours in the day for them to also dedicate the appropriate amount of time to their finances. To reach steve, email steve@parallelfinancial.com If you would like to schedule a complementary, virtual consulation with David Chudyk, CLICK HERE for access to his calendar or feel free to email David@parallelfinancial.com

Jul 7, 2020

Running a small business puts an owner in a position where they have to be a master of many skills. From marketing to management to human resources AND even legal decisions. Dana Swarner talks about access to legal services for the small business owner and how it can be a lot less expensive (and more readily available) than you ever thought it could be! If you would like to discuss Legal Shield with Dana, please CLICK HERE As always, if you have any questions about any money related topicy, email david@parallelfinancial.com to schedule a complementary 30 minute consultation.

Jul 1, 2020

In this episode, we have a fascinating discussion about the pitfalls of pre-tax investments. As a tax attorney, Rebecca has some strong opinions and reasons why excessive, pre-tax investing can be a trap in our later years. Make sure to check out Rebecca's podcast CRASHES AND TAXES and also her website www.walserwealth.com

Jun 23, 2020

With years of experience in the qualified retirement plan arena, Andy Pooser shares his knowledge of business retirement plans and their guidelines. If your business doesn't have a retirement plan, but you know that you need to be offering a plan as an employee benefit, or if you would like a second opinion of your retirement plan, email david@parallelfinancial.com or click here to schedule an appointment.

Jun 18, 2020

Jon Bussert has spent years in the annuity business and helps financial advisors to determine which types of annuities can most benefit their clients. As always, with any questions, whether it is about annuities, or any other money related topic, please email david@parallelfinancial.com Don't forget to check out our website www.weeklywealthpodcast.com

Jun 9, 2020

In this weeks episode, Dana Swarner talks about the importance of legal representation and how to obtain it on a very affordable basis. If you would like to speak with Dana about a Legal Shield Membership, you can reach her at dana@swarner.com or call/text her at 864 723-6935 And for all of your money and financial questions, email david@parallelfinancial.com. We would also love to know what other topics you would like to hear covered on the show.

Jun 3, 2020

In this fascinating discussion with Dr. Benjamin Hardy, we discussed the concept of "future self" and the limiting labels that we put on ourselves and others. Please visit www.benjaminhardy.com and CLICK HERE order Dr. Hardy's new book, PERSONALITY ISN'T PERMANENT Don't forget to check out our new website, www.weeklywealthpodcast.com For all questions money related, email David@parallelfinancial.com and have a blessed week

May 26, 2020

Betty Kempa works primarily Senior Level corporate women, but her principals will apply to just about anyone. In this episode, Betty talks about why people stay at unfulfilling jobs and what some common self-limiting beliefs are. She also discusses how to use a "bridge job" to mitigate some of the risk involved with making a career change. CLICK HERE to download a copy of her 5 step career transition process and please visit her website at bettykempa.com. If you would like a copy of Betty's FOUR part video series on HOW TO TRANSITION TO A CAREER THAT YOU LOVE, CLICK HERE. If you ever want to have a conversation about retirement, money, or anything money-related, please email me at David@parallelfinancial.com Don't forget to check out www.weeklywealthpodcast.com

May 21, 2020

In this episode, Tony Medlin discusses some myths regarding Long Term Care and assisted living. If you are in the upstate of South Carolina and would like to speak with Tony, he can be reached at 864 888-4114 For questions about investment, retirements, or all things money, please email david@parallelfinancial.com or CLICK HERE

May 12, 2020

It today's episode, we talk about financial planning and why investment management is only one component of a sound financial plan. To reach Patrick Sherman, please email Patrick@parallelfinancial.com To reach David Chudyk, please CLICK HERE DON'T FORGET TO CHECK OUT WWW.WEEKLYWEALTHPODCAST.COM

May 6, 2020

Sharon Lee talks about self-limiting beliefs and her own struggle from abuse and homelessness to success. For more information about Sharon and her company, please visit www.fearlesspursuits.com or check out her podcast or CLICK HERE TO CHECK OUT HER PODCAST If you ever have any questions about your own business or personal financial planning needs, please email david@parallelfinancial.com and don't forget to visit our new website. www.weeklywealthpodcast.com

Apr 28, 2020

David Redmond discusses how commercial real estate can be one of the tactics used to build wealth and income. If you are interested in contacting David Redmond, his email is David@legacyrepsc.com Please be on the lookout for our new website in the coming weeks and like, subscribe, and leave a positive review for the podcast. David Chudyk David@parallelfinancial.com

Apr 21, 2020

Agency Manager, Jessica Owens, discusses how home insurance claims are handled and some basics of what YOUR responsibilities are, in the event of damage to your house. Jessica will get a $10 gift certificate to each of the first 10 people who contact her about their insurance. Jessica can be reached at 864 882-2024 or via email at jessica@cfsig.net

Apr 20, 2020

Gordon Short discusses how Accredited Investors can invest in projects to receive economic and tax benefits generated by government sponsored incentives. Investors can also receive the satisfaction of preserving our nation’s historic structures while creating jobs and economic opportunity in cities throughout the United States. For more information or to schedule a consulation, please email David@Parallelfinancial.com Please remember to consult with your own tax and legal advisors.

Apr 14, 2020

In this episode, Tom Corley discusses: 1. The habits that the rich have (that the poor don't have) 2. The four ways to accumulate wealth 3. Tips on how to recognize your positive AND negative habits. For more information, please visit his website at www.richhabits.net. To purchase a copy of his book on Amazon, please click here Also, if you have any small habits that you would like to start, maybe the first step is to TELL SOMEONE... feel free to email David@parallelfinancial.com

Apr 8, 2020

Rick McDuff shares his knowledge about the "trinity" of estate planning documents that he recommends everyone to have. Rick also discusses some of the pitfalls and problems that not having the right documents in place can have upon an untimely death. To contact Rick, please call 864 882-2466 or email RICK.MCDUFF@ATT.NET Please don't forget to leave a positive review and subscribe to this podcast!

Apr 1, 2020

During this episode, Financial Advisor, Peyton Hoppes dispels some of the myths about millenials and provides some sound tips for common financial issues of that age group. If you would like to contact Peyton, please email peyton@parallelfinancial.com

Mar 26, 2020

In everyday life we all face stress on a constant basis. In this episode, we talk with counselor, Michaela Tomberlin about some strategies that we can all use to combat stress. If you ever have any questions about your own personal wealth or financial situation, please email David@parallelfinancial.com and I will do my best to point you in the right direction.

Mar 24, 2020

With social distancing, layoffs, and working from home, many of us now have the free time to dedicate to making the important financial decisions that we have been putting off. In this episode, we discuss some ways to turn the virus into a positive in your financial situation. If you would like to schedule a conversation, please either email david@parallelfinancial.com or CLICK HERE to schedule a ZOOM call. BE BLESSED!

Mar 17, 2020

We can't control the corona virus, we can't control monetary policy, we can't control business shutdowns, but we can control the BASICs of our on financial lives. B = BUDGET A = Allocation S = Systems I = Insurance C = Care about your community. Please like and subscribe to this podcast to help us to build this community and also email David@parallelfinancial.com if you ever have any financial questions. Be BLESSED