Episodes

In this episode, let's talk about money considerations in second marriages. Some topics to discuss are: How will expenses be divided? How will debt be divided? The importance of financial transparency. Estate planning issues that arise with second marriages. Will (or to what extent) will finances be combined? As always, email david@parallelfinancial.com with any questions or click www.calendly.com/davidpf to set at time to speak with David Chudyk.

A common misconception is that a Financial Advisor's job is only to invest his/her clients' money in a way that will get them the highest return possible. While investment management is important, it is only a part of the financial planning process. Another important job of a financial advisor is to help clients to identify risks and to take steps to mitigate the effects of the risks. In this episode, we talk about the CRUCIAL question that you should be asking yourself: "What are two are thr...

Have you ever wondered why you have an abundance of resources, both financial and otherwise, yet there are so many others that are struggling? Have you ever wondered why you might have a nice car, yet others in your community are walking? Have you ever wondered why you are not lacking in any material things, yet there are those in your community and in the world that are hungry everyday? When it comes to luxuries and giving, it's about finding joy in what we have and making choices that alig...

David Chudyk and Justin Sykes discuss non-traditional uses of life insurance. The most common use for life insurance (and a very important use) is for DEATH benefit protection. This provides a cash death benefit to a beneficiary when an insured dies. The death benefit is then, typically, used to pay family expenses. Other uses for life insurance are: Cash Value accumulation. Long term care/critical illness protection. Funding of BUY/SELL agreements. Providing revenue to a company if a key p...

Author and long time Money Coach, Mikelann Valterra discussed: Money has the power in our lives to give us better lives. The Money FOG stems from our experiences as children.... our childhoods shaped our beliefs about money. Our money beliefs can create forms of financial self sabatoge. Money Guilt. To purchase Mikelann's book, visit Amazon.com: Rise Above the Money Fog: The Key to Confidence, Clarity, and Control Over Your Life: 9780979459795: Valterra, Mikelann: Books To learn more about ...

In this episode we discuss the important topics of credit scores and debt. Firstly we explained: The basics of what a credit score is. The basics of how to improve your credit score. The basics of why your credit score has such a huge impact on many areas of your financial life. Then we jumped into: If you believe that "all debt is bad debt" and are striving to eliminate all of your debt, it might not make the most mathmatical sense, but it is much better than overleveraging. Do not borro...

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

Scott Royal Smith is an educator, investor, and attorney who helps business owners to protect their assets. We discuss: Ways to protect your company from lawsuits. Being the CEO of your own WEALTH company. Protecting yourself from creditors. Visit Royal Legal Solutions to learn more about Scott and his company. David Chudyk can always be reached for question via email david@parallelfinanancial.com CLICK HERE to download The 8 Drivers of Business Value. CLICK HERE to take the VALUE BUILDER...

Licensed Family Therapist, Thomas Castro talks about: Eliminating the need for our partners to act differently in order for us to be happy. In order for us to HAVE different relationships we need to DO different things. How improve the influence in our relationships by framing things differently. increasing the touch factor. Learn more about Thomas Castro by visiting theshinecampus.com David Chudyk, Certified Financial Planner(tm) can be reached by emailing david@parallelfinancial.com For ...

If you are at the point in your career where considering the exit of your business, these are some factors that should be considered: Ask yourself if you are ready to sell the business. Know what your business is worth. Prepare financial records and reports. Understand market conditions. Explore legal and tax implications. Consider what will happen to your team if you sell. Get your VALUEBUILDER SCORE: www.weeklywealthpodcast.com/valuebuilderscore Take the PRE (personal readiness to exit...

The Silent Generation (Born 1928-1945) Concerns and Challenges: Healthcare Costs: Rising medical expenses and long-term care costs. Income Security: Limited earning potential due to retirement. Inflation: Impact on fixed incomes, especially with pensions and savings. Estate Planning: Managing wills, trusts, and legacy concerns. Advantages: Homeownership: Many own their homes outright. Savings: Tend to have savings and investments from a lifetime of work. Social Security Benefits: More r...

Former financial advisor, April Roberts talks about how FIXED mindsets can either help or hurt us in our journeys to success. Make sure to learn more about April via: www.vixengathering.com/link-tree Listen to THE VIXEN VOICE PODCAST www.vixengathering.com/podcast David Chudyk can be reached via email: david@parallelfinancial.com Don't forget to visit www.weeklywealthpodcast.com CLICK HERE to download your FREE copy of The EIGHT KEY DRIVERS OF COMPANY VALUE

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

Welcome to the first Weekly Wealth Webinar, where we dive into the world of wellness with our Wednesday Wellness Webinar. In this unique session, host David Chudyk is joined by Steve Pumphrey, a certified personal trainer, to explore fitness and diet issues and provide helpful tips for post-holiday weight gain. Steve offers his expertise in personalized nutrition coaching and emphasizes the importance of a balanced approach to nutrition and physical activity for overall health and wellness. Fro...

In this episode, we discuss some of the financial concerns that some of the people that I have worked with and spoken with this year. They include: Am I saving enough money? Am I saving too much money? What can I do about my tax situation? How do I offer the right employee benefits to my team? Are my real estate holdings generating the returns that they should be generating? What are some good charities that I can support and how can I support them in the most efficient manners? I just do...

These are the major lessons that I learned or confirmed in 2023. What about you? What did you learn? 1. Life is not always hard. 2. Today’s results are from the seeds that we planted yesterday, last week, or even years ago. 3. Choose your hard. 4. Surround yourself with people who can lift you up. 5. If you are an entrepreneur or employer, make sure to take care of your team. Without the support of your team, almost nothing would ever happen. 6. Life is short.. make the best of it. 7. Jo...

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

Rule # 1: NEVER LOSE MONEY Rule # 2: NEVER FORGET RULE # 1 We discuss how proper risk management in our lives can help us to reduce the chances of ever losing large amounts of our financial nest eggs due to losses that might have been covered by any number of types of insurance. Email David@parallelfinancial.com with any insurance/risk management questions. Be on the lookout for signup information for the upcoming WEDNESDAY WELLNESS WEBINARS that will be happening: Wednesday January 3rd.... ...

With the end of the year quickly approaching, it is important to be purposeful with our finances. In this episode we discuss: tax loss harvesting having a Holiday spending plan retirement plan contributions reviewing tax withholdings reviewing FSA plan We also discuss the importance of developing a personal development plan and budget. This can include books, courses, conferences, mastermind groups, etc. Finally, we unveil our exciting program for 2024... Wednesday Wellness Webinars. We w...

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

In this episode, host David Chudyk welcomes Austin Erickson from John Hancock, Regional Vice President at John Hancock Retirement, to discuss the Secure Act 2.0. They aim to provide valuable information to help individuals and business owners make sound financial decisions. One of the main goals of the Secure Act 2.0 is to make retirement plans easier to access and set up. This applies to both business owners and their employees. The legislation aims to streamline the process of establishing re...

In today's episode, we're diving deep into the topic of outsourcing personal activities and discussing how much your sanity is truly worth with Hannah Morgan Hannah believes that outsourcing can improve your financial situation and enhance your overall quality of life. We'll explore the pain points and tasks that many of us dislike, don't have time for, or simply struggle with. From paying bills to scheduling appointments, Hannah has a wealth of insights on identifying and delegating these tas...

Welcome to this week's episode of the Weekly Wealth Podcast! I'm your host, David Chudyk, a certified financial planner with Parallel Financial. In today's episode, we will be discussing three common financial mistakes that even rich people make. Whether you're a seasoned investor or just getting started, this episode will provide valuable insights to help you avoid these pitfalls. Today we'll talk about: The Problem with "Full Coverage" Insurance: "Many people feel like they have quote, full ...

Today we have a very important topic to discuss: college planning. Joining us as our guest is Seth Greene, a renowned financial aid expert with over 24 years of experience. Seth shares valuable insights on college admissions, financial aid, and tax reduction strategies. He even reveals how he managed to cut the cost of tuition by a whopping $19,077 per year! But that's not all; Seth also tackles the age-old debate of whether it matters where your degree comes from outside of prestigious Ivy Lea...