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PODCAST EPISODE 140: ENTREPRENEUR VS. FIDUCIARY

 EPISODE SUMMARY In this episode of Your Business, Your Wealth, Paul and Cory discuss mapping out a solid fiduciary strategy for your business and life. They talk about the distinct roles and responsibilities of an entrepreneur and a fiduciary. Finally, Paul and Cory stress the importance of building a personal balance sheet that aligns with your future goals. WHAT …

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PODCAST EPISODE 139: IS YOUR CASH GOING STALE?

EPISODE SUMMARY In this episode of Your Business, Your Wealth, Paul and Cory talk about how cash and liquidity can be utilized to further enhance wealth. They review the multiple assets that can yield above average returns, including bonds, laddered CDs, home equity lines of credit, and whole life insurance. Paul and Cory end with some actionable advice that listeners …

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PODCAST EPISODE 138: MEET A MILLIONAIRE NEXT DOOR WITH JEFF MILLER

EPISODE SUMMARY In this episode of Your Business, Your Wealth, Paul welcomes a member of the Sound Financial Group, Jeff Miller, to discuss the path to financial independence. Jeff breaks down his strategies for building wealth, including controlled consumption and having a money saver’s mindset. Finally, Paul and Jeff talk about the importance of starting today in order to take …

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PODCAST EPISODE 137: THE 5 PILLARS OF TAX PLANNING WITH SHAHAR PLINNER

EPISODE SUMMARY In this very first episode of the newly branded Your Business, Your Wealth Podcast, Paul welcomes Shahar Plinner to break down the five pillars of tax planning. Shahar is a certified public accountant who specializes in tax preparation and strategy consulting. Paul and Shahar discuss tax savings tools, cash flow, and the value of defined benefits plans. WHAT …

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PODCAST EPISODE 136: SPENDING THE DEATH BENEFIT OF YOUR LIFE INSURANCE WHILE YOU’RE STILL ALIVE

EPISODE SUMMARY In this episode of the Sound Financial Bites Podcast, Paul and Cory break down the possibility of spending the death benefit of your life insurance while you’re still alive. They talk about the common misconceptions about retirement savings and the dangers of spending down into the principle of your retirement. Finally, Paul provides alternatives to wealth replacement strategies, …

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PODCAST EPISODE 135: LIFE INSURANCE AS AN ASSET CLASS WITH DICK WEBER

EPISODE SUMMARY In this episode of the Sound Financial Bites Podcast, Paul and Cory welcome Dick Weber, a financial planner and life insurance advisor. Dick’s firm, Ethical Edge, helps to improve the integrity of communication and understanding of today’s life insurance policies. Paul, Cory and Dick talk about life insurance as an asset class, financial strategies, and volatility buffers. WHAT …

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PODCAST EPISODE 134: WHOLE LIFE IS A BAD INVESTMENT – DEBUNKISODE

EPISODE SUMMARY In this first ever debunkisode of the Sound Financial Bites Podcast, Paul and Cory debunk the myth that whole life insurance is a bad financial investment to make. They dissect and analyze an article that lists eight specific reasons that support the argument that whole life insurance is not a sound investment. By taking a deep dive into …

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PODCAST EPISODE 133: BEYOND TAX DEFERRED: THE TEFRA TAMRA CORRIDOR

EPISODE SUMMARY In this episode of the Sound Financial Bites Podcast, Paul and Cory discuss the value of whole life insurance as a financial investment. They cover the restrictions and legislation that govern these policy investments, including the TEFRA TAMRA Corridor and the 7-Pay Test. Finally, Cory and Paul compare whole life insurance with other investments such as a 401(k), …

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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 …