Explore every episode of the podcast The Weekly Wealth Podcast

Featuring Jordan Goewey of Thomas Fisher and Edwards P.A.

If you’re a business owner who thinks “I’ll just sell my business one day and everything will work out” — this episode is required listening.

In my practice, I spend a lot of time helping business owners increase the value of their businesses and prepare for an eventual exit. But today, we flip the script and talk about what actually happens during a sale — from a legal standpoint.

This week’s guest, Jordan Goewey, is an attorney who specializes in business transactions and works daily with owners buying and selling companies. We walk step-by-step through the real process, the real risks, and the real decisions that can either protect—or destroy—your outcome.

If selling your business is even a remote possibility in the next few years, this episode will save you time, money, and stress.

✅ Why not every attorney is the right attorney for a business sale

✅ Why specialization matters when millions of dollars are on the line

✅ When an attorney should get involved (hint: earlier than most owners think)

✅ How Letters of Intent (LOIs) really work—and why sellers have the most leverage there

✅ What happens during due diligence (and why it’s often the most painful part)

✅ Common diligence landmines business owners don’t realize matter

✅ How purchase agreements are negotiated and why “the first draft is never the deal”

✅ What closing a business sale actually looks like today (DocuSign, escrow, wires, Zoom closings)

✅ The real math behind a “$50 million exit” after taxes, legal fees, brokers, and earnouts

✅ Why selling your business is often the single most important financial transaction of your life

Jordan Goewey is a shareholder at Thomas Fisher and Edwards P.A., a law firm based in Greenville, South Carolina with additional offices in Spartanburg.

Jordan’s practice focuses on:

1. Business formation and structuring
2. Buy-sell agreements
3. Business sales and acquisitions
4. Working with high-net-worth business owners and founders

He is licensed in South Carolina, North Carolina, and Tennessee, and regularly works with owners throughout the Southeast.

🌐 Firm website:

👉 www.tfelawfirm.com (This is the website for Thomas Fisher and Edwards P.A.)

📧 Email: jgoewey@tfelawfirm.com

📞 Phone: (864) 232-0041

Too many business owners assume selling a business is “just a deal.”

In reality, it’s a multi-year planning process involving legal, tax, financial, and emotional decisions.

The owners who get the best outcomes:

1. Plan early
2. Build the right advisory team
3. Understand that headline price is not take-home wealth

This week on The Weekly Wealth Podcast, we’re doing something we’ve never done before — we’re welcoming a South Carolina State Senator and the President of the SC Senate, Thomas Alexander, to break down how state government really works.

Most people only pay attention to politics at the national level… but the truth is, your state government affects your daily life in huge ways — from taxes, business growth, and technical college funding, to road infrastructure, public safety, and poverty initiatives.

In this episode, Senator Alexander gives us a behind-the-scenes look at how South Carolina operates, why the state remains competitive for major employers, what lawmakers are working on in 2026, and how everyday citizens can stay informed and get involved.

If you live in South Carolina (or honestly any state), this episode will help you understand what’s going on under the hood — and why it matters.

✅ Why state government matters more than most people realize

✅ The Senate is 46 members total and districts represent ~115,000 citizens each

✅ The SC Senate makeup: 34 Republicans / 12 Democrats

✅ Why state politics can be less divided than the national level

✅ How South Carolina attracts major employers without “just paying companies” to come

✅ The difference between state-level support vs local government incentives

✅ Why a strong business climate benefits everyone:

✅ How SC supports Main Street / small business owners (regulatory reform + pro-business policy)

✅ SC’s personal income tax has dropped from 7% → 6% in recent years

✅ The technical college system is a workforce engine (and a student loan solution)

✅ Apprenticeships + customized training programs that match employer needs

✅ The “poverty” conversation: local + faith-based + nonprofit partnerships matter most

✅ How state budgeting works + why SC’s balanced budget requirement is a big deal

✅ Infrastructure reality: SC maintains 40,000+ miles of state highways

✅ 2026 topics the legislature is actively working on:

1. DUI law reform
2. Regulatory reform
3. Additional tax policy changes
4. Vaping concerns in schools
5. Unregulated THC beverages and safety concerns

✅ A strong reminder: you don’t have to vote party-line on every issue

✅ Wealth isn’t only money — it’s security, preparation, wise decisions, and quality of life

Podcast: The Weekly Wealth Podcast

Host: David Chudyk, CFP®

Guest: Mike Draper, Partner at CFO Systems

If you’re a business owner generating $2 million to $15+ million in annual revenue, one of your biggest risks may not be sales, competition, or employees — it may be your financial blind spot.

In this episode of The Weekly Wealth Podcast, David Chudyk sits down with Mike Draper, Partner at CFO Systems, to explain how a fractional CFO helps business owners improve cash flow, make better strategic decisions, and prepare their company for long-term growth or a future sale.

1. What a fractional CFO actually does (and how it differs from a controller)
2. Why growth often uses cash before it creates cash
3. Common financial blind spots business owners don’t realize they have
4. The difference between keeping score and making strategic decisions
5. When it makes more sense to hire a fractional CFO instead of a full-time CFO
6. How poor financial processes can lower the value of your business
7. Why clean books, forecasts, and procedures matter before selling your company
8. How fractional CFOs help with:
9. Cash flow forecasting
10. Budgeting and capital planning
11. Debt restructuring and banking relationships
12. Preparing for due diligence and quality of earnings reviews

Mike uses a Moneyball analogy:

1. Controllers keep the score (historical data)
2. CFOs analyze the data to guide future strategy

Most business owners have the score — but not the strategy.

Mike Draper is a Partner at CFO Systems, a fractional executive leadership firm with over 100 directors nationwide and more than 300 active clients. CFO Systems provides fractional CFOs, COOs, controllers, HR leaders, and interim executives to businesses across industries and revenue sizes.

Mike began his career at Deloitte, spent nearly a decade auditing Berkshire Hathaway, and has served in controller and CFO roles for publicly traded companies.

1. Email: mdraper@cfosystemsllc.com
2. Phone: (402) 598-7150
3. Website:

Special Guest: Jessica Pierce

In this episode of The Weekly Wealth Podcast, host David Chudyk is joined by special guest Jessica Pierce for an insightful conversation around money, mindset, and making smarter financial decisions.

Together, they explore how behaviors—not just numbers—play a critical role in long-term wealth, and how intentional choices today can create confidence and clarity for the future. Whether you’re just starting your financial journey or refining your strategy, this episode offers practical takeaways you can apply right away.

1. Why financial success is driven by behavior as much as strategy
2. How to make more intentional money decisions
3. Common mistakes that can quietly derail long-term wealth
4. The importance of aligning your values with your financial plan
5. Actionable steps you can take this week to improve your financial confidence

Better decisions lead to better behaviors—and ultimately, better wealth.

Jessica Pierce brings a fresh perspective to the conversation, sharing insights and experiences that help simplify complex financial topics and make them more approachable.

If you enjoyed this episode, be sure to subscribe, rate, and review The Weekly Wealth Podcast so you never miss a conversation designed to help you build a stronger financial future.

What if the biggest financial move you make in 2026 isn’t a Roth conversion or an investment pick—but fixing your marketing?

In the first episode of 2026, Certified Financial Planner™ David Chudyk sits down with marketing strategist Katie Brinkley to unpack practical, non-cringey marketing strategies that business owners can implement right now—without dancing on TikTok or posting 42 times a week.

This conversation is packed with real-world marketing advice, especially for Main Street businesses, professional service firms, and business owners who want more revenue without more chaos.

✔️ The real difference between marketing vs. sales (and why confusing them hurts revenue)

✔️ Why posting less—with intention—often leads to better results

✔️ How to market without being “goofy,” awkward, or inauthentic

✔️ What “going viral” actually means for a small business

✔️ Why podcasts are one of the best lead-generation tools available today

✔️ How to use email marketing (the most overlooked asset) effectively

✔️ Non-social-media marketing strategies that still work in 2026

✔️ How consistency—not perfection—wins the marketing game

1. Why your business is your greatest wealth-building tool
2. The shift toward personal branding after COVID
3. How to choose marketing strategies that match your personality
4. Lunch-and-learns, workshops, and relationship-based marketing
5. Why algorithms shouldn’t control your entire growth plan
6. Repurposing content the smart way (without burning out)

Your brand isn’t what you say it is—it’s what other people perceive.

Ask yourself:

1. What do your clients think you do?
2. What does your community say about you?
3. Would your competitors describe you the same way you do?

If those answers don’t align with your goals, it may be time to refine—or rebrand—your message.

Katie Brinkley is a marketing strategist, speaker, and founder of Next Step Social. She’s been helping businesses grow through social media since the days of MySpace and has led national strategies for brands like AT&T.

She’s also the host of two podcasts:

1. Rocky Mountain Marketing – expert interviews and practical strategies
2. Marketing Trends Now – weekly solo episodes on what’s changing right now

👉 Learn more and connect with Katie:

🌐 https://www.katiebrinkley.com

If marketing,...

Welcome to the first episode of 2026.

In this episode of The Weekly Wealth Podcast, Certified Financial Planner™ David Chudyk shares 25 powerful lessons from 2025—lessons learned from working closely with business owners, high earners, and high‑net‑worth families.

These lessons span three critical areas:

• Business ownership & leadership

• Personal finance & investing

• Life, health, and perspective

This episode is designed to help you think better, behave better, and ultimately make better financial decisions in 2026 and beyond.

SECTION 1: 8 LESSONS FOR BUSINESS OWNERS

1. Profit is not a dirty word—it’s the purpose of business.

2. Your business should survive if you disappear for 30 days.

3. Complexity is the enemy of scale.

4. Growth requires daily discomfort.

5. Many businesses underprice their value.

6. You can’t be everything to everyone—find your niche.

7. Core values should be written, shared, and lived.

8. Learn to say: “That’s not my job anymore.”

SECTION 2: 9 PERSONAL FINANCE & INVESTING LESSONS

• Many millionaires don’t look wealthy.

• Financial margin matters.

• Wealth is built through boring consistency.

• Concentration can create wealth; diversification preserves it.

• Know what you own, why you own it, and when you’ll sell.

• Risk management matters more than chasing returns.

• Roth vs pre‑tax decisions matter.

• Tax preparation is not tax planning.

• Estate planning can’t wait.

SECTION 3: 8 LIFE LESSONS

• Be a decent person.

• Let go of what you can’t control.

• Calories add up—health matters.

• Find an exercise plan you’ll stick with.

• Surround yourself with great people.

• Avoid patterns that keep people stuck.

• Choose empathy over judgment.

• Faith, gratitude, and perspective matter.

BONUS SEGMENT

Focus on activities, not outcomes.

You control the activity. Results take care of themselves.

CALL TO ACTION

Book your 10‑Minute Wealth Vision Call:

https://weeklywealthpodcast.com/vision

DISCLAIMER

The information contained herein is 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.

The days after Christmas often bring a rare and beautiful pause—less noise, fewer obligations, and space to breathe. In this special abbreviated episode of The Weekly Wealth Podcast, Certified Financial Planner™ David Chudyk invites listeners to step away from budgets, to-do lists, and financial strategies to reflect on a different kind of wealth.

This episode explores the qualitative side of wealth: rest, gratitude, contentment, and time with the people who matter most. It’s a reminder that true wealth isn’t just what’s on paper—it’s who’s sitting around your table.

1. Why the week after Christmas is one of the most valuable times of the year
2. Rest as a legitimate and powerful form of wealth
3. Why burnout leads to poor decisions—financial and personal
4. How thankfulness changes our relationship with money
5. Recognizing everyday privileges we often overlook
6. Why time with family is the only asset that isn’t renewable
7. Letting ambition pause—and giving yourself permission to rest
8. A special “permission slip” for contentment heading into the new year

1. Rest isn’t laziness—it’s recovery, margin, and fuel for better decisions
2. Money is a tool, not the goal; it’s meant to support a meaningful life
3. Gratitude reduces financial anxiety by shifting focus from scarcity to abundance
4. Time is irreplaceable—money can be earned again, but moments cannot
5. There’s value in recognizing when you already have enough

As the year winds down, David shares a powerful reminder:

2026 can be a year of ambition, growth, and big goals—but the rest of this year can be about contentment.

Not complacency—but appreciation.

Not slowing down forever—but resting without guilt.

If you’re listening between Christmas and New Year’s, consider this your permission slip to pause.

Wealth isn’t just measured by accounts and statements.

It’s measured by connection, faith, relationships, and peace.

This week, rest. Be thankful. Spend time with the people you love.

There will be plenty of time to focus on the details soon enough.

Follow The Weekly Wealth Podcast on:

1. Instagram
2. Facebook

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.

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• Why portfolio construction matters more than picking the “right” investment
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• How investors can own great investments but still get poor results
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• The difference between intelligence and structure in investing
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• Why most portfolios are built unintentionally—and the risks that creates
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• Alpha: Returns above what the market provides
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• Beta: Exposure to market movement (upside and downside)
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• Why many investors mistake higher risk for true outperformance
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• How overexposure to one stock, sector, or employer can quietly build risk
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• Why diversification doesn’t just grow wealth—it helps preserve it
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Pros:

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• Low cost
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• Broad market exposure
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• Simplicity and transparency
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Limitations:

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• Full exposure to market downturns
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• No built-in risk management or tax coordination
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• Increasing concentration within major indexes
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Index funds are powerful tools—but they are not a full strategy on their own.

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• Why assets that look diversified can still move together
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• The difference between volatility (movement) and true risk (permanent loss)
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• How behavior—not numbers—often determines investment outcomes
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David discusses how different assets can play different roles in a portfolio, including:

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• Real estate (direct ownership vs. REITs)
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• Gold and precious metals
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• Private equity and private credit
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• Annuities and lifetime income strategies
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Each comes with unique risk, liquidity, and complexity trade-offs that must align with your stage of life and financial goals.

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• Taxes become more impactful over...

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.

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.

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.

Wealthy people spend with purpose, not impulse. Focus on experiences, relationships, health, and convenience that aligns with your goals.

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.

Your future self needs movement, sleep, lower stress, stronger muscles, and fewer “fast-food emergencies.” Health is a financial asset—protect it now.

Automation beats motivation every time. Automate savings, investments, debt payments, and charitable giving so progress happens without effort.

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.

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.

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.

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.

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

• Schedule a 10-Minute Wealth Vision Call: weeklywealthpodcast.com/vision

• Connect on social media: Instagram, Facebook, and YouTube @WeeklyWealthPodcast

• Email David: david@parallelfinancial.com

•...

Episode Title: 26 Big Decisions for Wealth Growth

Host: David Chudyk, CFP®

Podcast: The Weekly Wealth Podcast

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.

1. Set a target net-worth growth rate for 2026
2. Focus on increasing business profitability (not just revenue)
3. Restructure your compensation for tax-efficient savings
4. Implement a formal owner-distribution strategy
5. Eliminate one major wealth-dragging liability
6. Reallocate your investments based on real risk capacity
7. Decide whether you will max out all available retirement plans
8. Build a profit reserve for your business (3+ months of expenses)
9. Complete your 2026 tax projection by March 1
10. Adopt a tax-efficient investment strategy
11. Diversify away from reliance on one major customer
12. Set a personal liquidity target ($50k–$100k+)
13. Align your insurance coverages with actual risk exposure

These improve clarity, communication, organization, and long-term planning.

1. Create or update your Life & Wealth Master Plan
2. Start preparing early for your business exit strategy
3. Document your business’s standard operating procedures
4. Establish a quarterly financial review rhythm
5. Adopt a “documentation-first” financial habit
6. Strengthen financial communication with your spouse/partner
7. Build your Personal Board of Advisors (CPA, advisor, attorney, etc.)
8. Delegate/automate low-value tasks to reclaim high-value time

Because wealth is meaningless if it doesn't improve life.

1. Spend intentionally on meaningful experiences
2. Design a generosity strategy (charitable giving, DAF, family giving traditions)
3. Update your estate plan to match your current wealth
4. Consider working with a personal CFO/financial advisor to coordinate everything
5. Choose your ONE big decision for 2026—and commit to it

David asks each listener to identify ONE decision from the list that will define their year.

Share it by leaving a voicemail at:

👉

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.

David explores three big reasons gratitude is more than just a nice idea:

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• Our brains are wired to look for danger and problems.
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• Gratitude forces us to notice wins, progress, and blessings.
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• What we focus on expands—looking for good creates more good.
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• Negative focus can lead to defensive behavior and a self-fulfilling prophecy.
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• Gratitude helps you become more positive, likable, and open to opportunity.
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• Research shows gratitude:
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• Reduces stress, anxiety, and depression
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• Improves sleep
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• Boosts emotional intelligence
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• Grateful people report higher life satisfaction—even without more money or success.
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• Saying “thank you” deepens trust and connection.
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• People who feel appreciated communicate better and offer more support.
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• In families, teams, and businesses, gratitude fuels unity and collaboration.
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David reflects on his own blessings this year and encourages listeners to:

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• Recognize the good in their own lives
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• Share what they're thankful for
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• Spread gratitude within their homes, workplaces, and communities
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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.

Help us grow the Weekly Wealth tribe:

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• Follow on social media
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• Share this episode with someone you appreciate
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• Join the conversation about gratitude and blessings
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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! 🦃🌟

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.

Why the wrong entity type, missed deductions, and lack of proactive tax planning can cost high earners 10–20% more each year.

How missing coverages, duplicated coverages, rising deductibles, or an underinsured home expose you to unnecessary financial risk.

Why high-interest credit cards, inefficient equipment financing, or paying down the wrong debts in the wrong order slows your wealth building.

How scattered accounts, overlap, idle cash, and missing strategy reduce returns and increase tax drag.

The silent wealth killer that grows spending at the same rate as income — and how to reverse it with intention.

Why unprepared businesses sell for less, become unsellable, or create chaos without systems, documentation, and buy-sell agreements.

How entrepreneurs who manage money on “feel” instead of process consistently overspend, under save, and make emotion-based decisions.

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• 10-Minute Vision Call:
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• www.weeklywealthpodcast.com/vision
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• Value Builder Score:
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• www.weeklywealthpodcast.com/valuebuilderscore
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• Submit Your Thankfulness Recording:
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• www.weeklywealthpodcast.com/voicemail
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• Email David:
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• david@parallelfinancial.com
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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.

Podcast: The Weekly Wealth Podcast

Host: David Chudyk, CFP®

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.

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• How being “the hub” of your business can decrease its value by up to 35%
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• The leadership style that builds loyalty but hurts valuation
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• Why delegation is one of the most profitable skills a business owner can master
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• How differentiation and innovation can transform a commodity into a category leader
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• The difference between recurring and reoccurring revenue — and why it matters to buyers
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• Simple ways to add predictable income streams and boost your company’s multiple
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• Free tools to measure and improve your business’s value
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• Get out of the hub: Your business should run without you, not because of you.
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• Empower your team: Teach them how the business makes money — and let them own the results.
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• Create differentiation: Solve customer frustrations and stand out, even in a “boring” industry.
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• Build recurring revenue: Predictable income equals higher valuation.
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• Plan early: The earlier you start, the more control you have over your exit outcome.
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• 🧠 The 4 Degrees of Delegation – Free eBook
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• 📈 Value Builder Score
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• 💼 PREScore – Personal Readiness to Exit
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• 💰 Freedom Score – Calculate Your Financial Freedom Number
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• 🧩 Inside the Mind of an Acquirer – Free eBook
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• 📞 Schedule a Vision Call
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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...

🎙 Episode Title: The Biggest Wealth Tool: You?

Podcast: The Weekly Wealth Podcast

Host: David Chudyk, CFP®

Duration: ~15 minutes

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.

1. Your Mind Is Your Greatest Asset – The way you think affects your behaviors, and your behaviors determine your financial results.
2. 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.
3. Be Part of the Solution – Instead of focusing on problems, look for ways to create value and make positive changes—both personally and financially.
4. Adopt an Abundance Mindset – Believe there’s enough success, wealth, and opportunity for everyone. Abundance thinking attracts positivity and opportunities.
5. 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.

• “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.”

• The 7 Habits of Highly Effective People by Stephen Covey
• Concepts of scarcity vs. abundance mindset
• Self-improvement and personal development philosophies

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:

• 💻 Website: www.weeklywealthpodcast.com
• 📅 Schedule a Vision Call: weeklywealthpodcast.com/vision
• ✉️ Email: david@parallelfinancial.com
• 🔗 Parallel Financial: www.parallelfinancial.com

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

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.

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• Don’t drift with your 401(k): Review your investments regularly and get professional advice.
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• Don’t assume one small action solves it all: Keep monitoring your finances after taking action.
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• Plan for the inevitable: Prepare for death, disability, or incapacitation through estate planning.
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• Business owners beware: Know what your business is actually worth and prepare before selling.
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• Taxes are scary — but manageable: Understand your tax rate, plan before year-end, and work with professionals.
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• Bonus tip: Don’t blow your diet this Halloween—avoid the “candy binge”!

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• Get your Value Builder Score:
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• 👉 www.weeklywealthpodcast.com/valuebuilderscore
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• Download your free Balance Sheet Template:
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• 👉 www.weeklywealthpodcast.com/balancesheet
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• Contact David Chudyk:
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• 📧 David@parallelfinancial.com
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• Parallel Financial:
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• 🌐 https://www.parallelfinancial.com

Stay connected for more insights, behind-the-scenes content, and updates:

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• Instagram: @weekly_wealth_podcast
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• Facebook: Weekly Wealth Podcast
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• LinkedIn: David Chudyk, CFP®
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• YouTube: Weekly Wealth Podcast Channel

If you enjoyed this episode:

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• Share it with a friend or colleague
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• Subscribe on your favorite podcast platform
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• Leave a 5-star review to help others discover the show

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.

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

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

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• Client experience = how they feel working with you
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• Great work alone isn’t enough; add relationship touchpoints
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• Avoid the “ask” — referrals come from helping others, not self-promotion
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• Identify who’s already referring you and nurture those relationships first
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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

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• The History Behind Historic Preservation Incentives:
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• How the destruction of New York’s Penn Station inspired the 1976 creation of federal programs to preserve historic architecture.
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• The Federal Historic Preservation Easement Program:
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• 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).
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• GBX Group’s Unique Approach:
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• How GBX identifies, acquires, and rehabilitates historic buildings using investor funds — helping to save American landmarks while offering tax-efficient opportunities.
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• Tax Strategy Deep Dive:
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• How investing in GBX can yield a $2.45 charitable deduction for every $1 invested
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• Why this strategy is typically suited for high earners in the 37% tax bracket
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• The 50% AGI limitation and how it impacts eligibility
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• Real-world examples showing federal and South Carolina tax savings
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• Economic and Community Impact:
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• 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.
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• Returns and Real Estate Benefits:
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• How investors can receive both tax deductions and real-estate-based distributions, typically with a five-year hold period and targeted returns.
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A taxpayer expecting to owe $100,000 in federal taxes can instead invest that amount with GBX Group.

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• That $100,000 can generate a $245,000 charitable deduction
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• Producing an immediate tax benefit of ~$90,650 (at the 37% bracket)
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• Plus, potential cash distributions and long-term returns from the underlying real estate
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For qualifying investors in states like South Carolina, the state tax deduction adds even more value.

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.

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.

1️⃣ Social Security Taxation

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• How benefits can be taxed at 0%, 50%, or 85%
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• Why income thresholds haven’t changed since 1984
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• How to plan around working income and Social Security to minimize surprise tax bills
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2️⃣ Retirement Accounts & Withdrawals

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• The difference between Traditional IRAs (tax-deferred) and Roth IRAs (tax-free growth)
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• Understanding Required Minimum Distributions (RMDs)
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• When Roth conversions make sense and how to manage tax brackets efficiently
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3️⃣ Marginal vs. Effective Tax Rates

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• What your next dollar really gets taxed at
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• How to use bracket management to stay tax-efficient
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• Real examples showing why “being in the 32% bracket” doesn’t mean you’re paying 32% overall
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4️⃣ Tax-Loss and Tax-Gain Harvesting

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• Using market volatility to your advantage
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• How to offset gains and manage investment income efficiently
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• Strategies for gifting appreciated stock or donating directly to charities to avoid unnecessary taxes
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5️⃣ Legacy & Estate Planning

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• Why charitable giving can reduce both estate taxes and current tax burdens
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• Qualified Charitable Distributions (QCDs) explained
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• How retirees can use RMDs or life insurance to leave a legacy without overpaying Uncle Sam
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6️⃣ Business Owner Tax Tips

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• Turning legitimate expenses into deductions
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• Building employee benefits and retirement plans to attract and retain top talent
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• Using goodwill and benefits as part of your company’s long-term value
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David closes the episode by reminding listeners to...

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.

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• Surviving 21 Years in Tech:
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• 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.
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• Employee to Entrepreneur:
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• 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.
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• AI in Business:
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• 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.
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• Entrepreneurial Mindsets:
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• Why processes, systems, and delegation are non-negotiable for growth—and how to avoid being the “hub” in a hub-and-spoke business.
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• Financial Reality of Entrepreneurship:
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• 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.
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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

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

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• 🌐 Website: weeklywealthpodcast.com
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• 📸 Instagram: @weeklywealthpodcast
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• 🎥 YouTube: The Weekly Wealth Podcast
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• 👍 Facebook: Weekly Wealth Podcast Community
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• 💼 LinkedIn: David Chudyk, CFP®
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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.

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:

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• The Personal Readiness to Exit Questionnaire: weeklywealthpodcast.com/precore
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• The Value Builder Score: weeklywealthpodcast.com/valuebuilderscore
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• ✅ Why your business is an asset—and how to increase its value.
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• ✅ 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).
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• ✅ Questions every owner should ask: Would you buy your own business? Would you pay a premium or demand a discount?
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• ✅ Practical ways to reduce owner dependence so your business thrives without you.
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• ✅ How small shifts—like adding recurring revenue or improving customer experience—can transform your company’s worth.
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🎯 Business Owners: Wondering if you’re ready to exit? Take the Personal Readiness to Exit Questionnaire now at weeklywealthpodcast.com/precore.

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• 📊 Take your Value Builder Score: weeklywealthpodcast.com/valuebuilderscore
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• 💻 Schedule a 10-Minute Wealth Vision Call: weeklywealthpodcast.com/vision
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• 📱 Follow us on Instagram, YouTube, and Facebook (search Weekly Wealth Podcast).
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• 
  

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.

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:

1. Over-contributing to 401(k) plans without thinking about liquidity.
2. Misunderstanding risk — either by avoiding it completely or chasing unrealistic returns.
3. 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.

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• Why maxing out your 401k might backfire if you lack accessible funds for opportunities or emergencies.
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• The hidden risk of “no risk” — inflation quietly erodes cash sitting in savings or CDs.
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• The return trap — chasing sky-high growth can be just as harmful as being too conservative.
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• Business owner warning: Stop treating your company like an ATM. Put yourself on a salary and plan for taxes, expenses, and growth.
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• Accountability matters — isolation leads to poor decisions, but advisors, peers, or mentors can provide the guardrails you need.
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• 00:00 – Welcome & announcements (YouTube, Instagram, Facebook links)
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• 03:12 – The first big mistake: over-contributing to 401ks
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• 12:10 – Liquidity, taxes, and why other buckets of money matter
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• 18:44 – Risk vs. rate of return: why both extremes can be dangerous
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• 28:55 – How risk tolerance shifts as you age
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• 37:22 – Business owners and the danger of mixing business/personal money
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• 47:10 – Free tools and resources you can use right now
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• 51:05 – Bonus thought: why financial isolation leads to bad decisions
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• 10-Minute Vision Call → weeklywealthpodcast.com/vision
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• Debt Snowball Calculator → weeklywealthpodcast.com/debt
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• Business Value Builder Score → weeklywealthpodcast.com/valuebuilderscore
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• PreScore (Readiness to Exit) → weeklywealthpodcast.com/precore
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• Freedom Score → weeklywealthpodcast.com/freedomsCore
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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.

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• YouTube: Weekly Wealth Podcast...

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.

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• ✅ Why home equity is often an untapped piece of your net worth.
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• ✅ How retirees can eliminate monthly mortgage payments without draining their investments.
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• ✅ The role of home equity in protecting against sequence-of-returns risk during market downturns.
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• ✅ Real-world ways clients have used freed-up cash—travel, family gifts, long-term care, and more.
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• ✅ The FHA’s protections and counseling requirements that ensure retirees make informed decisions.
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• ✅ How HECM loans differ from traditional mortgages and what happens when a borrower passes away.
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• ✅ The flexibility of using home equity for both refinancing and purchasing a new home.
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📧 Email: archie.johnson@mutualmortgage.com

📱 Call: (864) 616-4066

🏢 Mutual of Omaha Mortgage – Home Equity Retirement Specialist

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• 📍 Book your free 10-Minute Wealth Vision Call: weeklywealthpodcast.com/vision
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• 📍 Learn more about financial strategies and tools at weeklywealthpodcast.com
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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

Email david@parallelfinancial.com with your questions.

Don't forget to schedule your 10-minute vision call www.weeklywealthpodcast.com/vision

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.

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• 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.
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• How playbooks and pre-planned decisions translate into financial strategies that reduce stress and keep you on track.
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• 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.
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• 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.
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• The importance of celebrating small wins (just like Ohio State helmet stickers or Seahawks “win forever” moments) to keep financial momentum alive.
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• 📊 Get your Financial Balance Sheet: weeklywealthpodcast.com/balancesheet
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• 📘 Free Ebook – The Endgame: Plan Your Business Exit: weeklywealthpodcast.com/endgame
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• 🎥 Learn about Vid Guide for documenting business processes: weeklywealthpodcast.com/vidguide
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• 💬 Have a financial “touchdown” you’re working toward? Leave David a voice message at weeklywealthpodcast.com
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• 📸 Instagram: Follow Here
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• ▶️ YouTube: Subscribe Here
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• 👥 Facebook Group: Join...

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.

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• ✅ The QRLT investment process and why it matters for your portfolio
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• ✅ How fear, greed, and overtrading erode returns—and how to avoid them
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• ✅ Why rules-based investing creates better long-term outcomes
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• ✅ The role of tax efficiency in wealth preservation
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• ✅ Insights from the live Q&A, including questions from listeners like Archie Johnson
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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.

This conversation with Greg is the first in a three-part Fall Webinar Series hosted by Parallel Financial. Upcoming sessions include:

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• September – Greg Towner on portfolio management and investor behavior
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• October – Gordon Short on historical tax preservation trusts
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• November – Kam Knight on mindset and behavioral finance
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📧 Email David directly: david@parallelfinancial.com

🌐 Learn more: www.parallelfinancial.com

🎧 Listen to past episodes: The Weekly Wealth Podcast

👉 Connect with us on social media for more wealth-building tips:

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• 📸 Instagram: @weeklywealthpodcast
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• 👍 Facebook: Weekly Wealth Podcast Community
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• 🌐 Website: www.weeklywealthpodcast.com
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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.

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• 💼 Lesson #1: Why the harder you are to replace, the more you get paid
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• 🎓 Lesson #2: How college and career choices are some of the biggest financial decisions you’ll ever make
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• 💳 Lesson #3: The real cost of credit cards and debt (and how it sneaks up on you)
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• 🧾 Lesson #4: The basics of taxes everyone should understand before getting a paycheck
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• 📈 Lesson #5: How compounding interest can turn small savings into massive wealth
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• 💡 Lesson #6: Why budgeting isn’t about restriction—it’s about priorities
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• ⏳ Lesson #7: The opportunity cost of small daily choices (like skipping that $13 lunch)
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• 🏠 Lesson #8: Why your parents’ lifestyle took decades to build—and yours will too
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• 🛡 Lesson #9: The unsexy but critical role of insurance and risk management
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• 😊 Lesson #10: Why money alone won’t make you happy (and what actually does)
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• ⭐ Bonus Tip: Choose your hard—both financial sacrifice and financial stress are hard, but one leads to freedom
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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.

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• 📌 Book your 10-Minute Wealth Vision Call → weeklywealthpodcast.com/vision
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• 🎙 Share this episode with a parent, student, or friend who could benefit from learning these lessons!
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As always, email david@parallelfinancial.com with any questions!

Thank you so much for listening to this episode. PLEASE tell a friend about it.

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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.

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• Why internal resistance grows when your desires grow—and how to reduce it
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• The real reason many people sabotage financial opportunities
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• Powerful mindset programming techniques for wealth and success
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• The “Three Statements” Kam gives to his clients to unlock self-worth and productivity
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• How affirmations and mental reconditioning can eliminate procrastination and create abundance
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• The connection between emotional permission and financial success
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• “I deserve.”
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• “I have permission.”
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• “I am having good things.”
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Kam explains how these seemingly simple affirmations create subconscious permission to take action, earn more, and live a more prosperous life.

At the end of the episode, David shares a list of essential books to help reinforce a success-oriented mindset, including:

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• As a Man Thinketh by James Allen
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• Think and Grow Rich by Napoleon Hill
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• Atomic Habits by James Clear
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• …and of course, Kam Knight’s own powerful works on mindset, memory, and focus.
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• Kam Knight’s Books on Amazon
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• The Weekly Wealth Podcast Facebook Group – Join the conversation and share your favorite mindset books!

• 10-Minute Wealth Vision Call: WeeklyWealthPodcast.com/vision – Quick, no-pressure financial clarity session.
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• Join the Conversation: Weekly Wealth Podcast Facebook Group – Share your thoughts and get accountability on updating your estate plan.

• 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.

• 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.

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:

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

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

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.

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.

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.

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."

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.

• 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?

• 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.

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

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.

• 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

1. I will grow my financial margin.
2. I will resist lifestyle creep.
3. I will invest in assets that build freedom.
4. I will create a financial vision aligned with my values.
5. I will buy back my time.

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.

📞 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.

Take the free Value Builder Score assessment to start planning your ideal exit:

👉 www.weeklywealthpodcast.com/valuebuilderscore

📸 Instagram: @weekly_wealth_podcast

▶️ YouTube: The Weekly Wealth Podcast

💬 Facebook Group: Link in bio/show notes

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 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

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• 🎥 Watch on YouTube – Quick, helpful financial videos for real people
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• Take 5 minutes to review your home and auto insurance policies. Do you know your deductibles? Your exclusions?
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• Schedule a review with a qualified independent insurance agent.
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• Ask your agent about umbrella liability coverage if you don’t already have it.
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• DM David on Instagram or leave a voice message via the podcast website with your insurance questions.
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Never miss an episode that helps you build true wealth—financially, mentally, and emotionally.

👉

🎧 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:

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• 🌐 Connect with Munira Zahabi at: www.thenichenavigator.com
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• 📕 Check out her book Invisible No More on Amazon. CLICK HERE
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• 📩 CLICK HERE to contact Munira via the "Contact" tab on her website to schedule a free 30-minute consult
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• 🎙️ Watch David’s appearance on Munira’s Musings:
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• https://www.youtube.com/watch?v=PSkYTEa1OiQ
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📱 CONNECT WITH US ON SOCIAL MEDIA:

Stay connected with The Weekly Wealth Podcast and join the conversation:

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• Instagram → @weeklywealthpodcast
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• YouTube → Weekly Wealth Podcast Channel
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• Facebook → Weekly Wealth Podcast Community
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💬 QUOTE FROM THE EPISODE:

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.

• 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

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 the full episode on YouTube: @theweeklywealthpodcast

🔔 Like, comment, and subscribe to stay in the loop!

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• 📊 Take the Value Builder Score → www.weeklywealthpodcast.com/valuebuilderscore
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• 📅 Book your free 10-Minute Wealth Vision Call → www.weeklywealthpodcast.com/vision

🔗 Website: www.weeklywealthpodcast.com

📸 Instagram: @weeklywealthpodcast

📺 YouTube: @theweeklywealthpodcast

💼 Facebook Group: Search “Weekly Wealth Podcast”

📩 Email: david@parallelfinancial.com

✅ 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

🔑 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

🎯 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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