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PODCAST EPISODE 132: YOUR BUSINESS IS NOT YOUR WEALTH

EPISODE SUMMARY In this episode of the Sound Financial Bites Podcast, Paul and Cory discuss why it is imperative that business owners diversify from their businesses to their personal balance sheets. They cover the common mistakes that many entrepreneurs make when valuing their businesses as it relates to financial independence. Finally, Paul and Cory discuss the Wealth Design-Build Model that …

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PODCAST EPISODE 131: WEALTH COORDINATION ACCOUNT: BIG WEALTH, SMALL BUSINESS

EPISODE SUMMARY In this episode of the Sound Financial Bites Podcast, Paul and Cory dissect the Wealth Coordination Account and its relationship to big wealth and small business. Paul and Cory talk about the importance of having a financial mechanism that you have total control and autonomy over on a consistent, ongoing basis. They provide the true definition of an …

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PODCAST EPISODE 130: CONSUMING FINANCIAL MEDIA: A HOW TO GUIDE

EPISODE SUMMARY In this episode of the Sound Financial Bites Podcast, Paul and Cory break down a recent Kiplinger article to show how financial media should be viewed and consumed. Financial literature, for the most part, is written for the benefit of advertisers and it is imperative that the audience views them with a healthy amount of skepticism and concern. …

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PODCAST EPISODE 129: DIAGNOSING THE BROKEN HEALTHCARE SYSTEM WITH DR. PAUL THOMAS

EPISODE SUMMARY This episode of the Sound Financial Bites Podcast tackles a topic that is central to our financial and physical wellbeing: healthcare. Paul Adams and Cory Shepherd welcome primary care physician Dr. Paul Thomas to discuss his practice, Plum Health, and the innovative strides he is making in the healthcare industry. Dr. Paul’s mission is to make healthcare accessible …

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PODCAST EPISODE 128: NEAR MISSES, ACTUAL TRAGEDIES, & DISCIPLINED STRATEGIES, PART 3

EPISODE SUMMARY Welcome back to the final episode of this three-part series on Near Misses, Actual Tragedies, & Disciplined Strategies. In this episode, Paul Adams and Cory Shepherd discuss eight strategies that can be used as guiding principles for overall financial well-being. The first five are practical applications that almost anyone can do like setting up a wealth coordination account …

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PODCAST EPISODE 127: THE FINANCIAL STORM AND WHAT NOT TO DO ABOUT IT

EPISODE SUMMARY In this episode, Paul talks about the appropriate actions to take and ones to avoid to weather any financial storm that may come our way. Paul opens up the show by honing in on three factors: new year, rough markets and new behavior. There has been a notable amount of negativity surrounding how people discuss the market from …

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PODCAST EPISODE 126: WHAT YOU CAN EXPECT FROM US IN 2019

EPISODE SUMMARY In this episode, Paul speaks about his motivation for starting the podcast, Sound Financial Bites. The goal of Sound Financial Bites is to provide listeners with access to solid financial knowledge that they can use for practical application. Paul wants clients, prospective clients and the average listener to get bite-sized information weekly that can significantly impact their financial …

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PODCAST EPISODE 125: THE SHUTDOWN AND WHAT WE CAN LEARN FROM IT

EPISODE SUMMARY In this episode, we talk about the government shutdown and the personal and financial lessons we can learn from it. It’s impossible to know what the future holds, so it’s important for us to plan for our own ‘government shutdown,’ or unforeseen financial hardship. Paul identifies three simple, yet effective, steps to build a sound financial foundation in …

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PODCAST EPISODE 124: NEAR MISSES, ACTUAL TRAGEDIES, & DISCIPLINED STRATEGIES, PART 2

EPISODE SUMMARY Welcome back to part two of the three-part episode on near misses, actual tragedies, and disciplined strategies. In this episode, Paul Adams and Cory Shepherd discuss case studies of real-life financial tragedies they have witnessed throughout the course of their careers. Paul begins with a tragic story of a wealthy man who waited too long to purchase life …

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PODCAST EPISODE 123: NEAR MISSES, ACTUAL TRAGEDIES, & DISCIPLINED STRATEGIES, PART 1

EPISODE SUMMARY In this episode of the Sound Financial Bites podcast, host Paul Adams & co-host Cory Shepherd begin a three-part series sharing true stories of near misses, actual tragedies, and disciplined strategies from their combined 30 years of experience. The case studies shared in this episode involve disability insurance, the power of cash flow, real estate decisions, making wise …