Key Takeaways: Redefining Risk: Risk should be viewed as uncertainty rather than danger, encouraging a more positive outlook on change. Illusion of Stability: Stability is an illusion; embracing change and uncertainty is essential for successful investing. Human Psychology: Humans naturally fear the unknown, but overcoming this fear can lead to better investment decisions. Investing in Scarce Assets: True wealth is built by investing in scarce, valuable assets that align with human tendencies toward scarcity. Open-Mindedness: Cultivating an open and adaptable mindset is crucial for navigating the uncertainties of the investment world. Chapters: Timestamp Summary 0:00 Redefining Risk for Better Investment Strategies 3:16 The Illusion of Stability and Human Fear of Change 6:33 Embracing Uncertainty for Long-Term Investment Success 12:39 The Value of Scarcity in Investment Choices 15:43 Embracing Uncertainty and Bias Awareness for Better Investing Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Accurate Bookkeeping: Ensure that financial statements are accurate and ready for review to maintain investor confidence. Set Clear Expectations: Define when and how often investors will receive financial updates and other communications upfront. Proactive Communication: Regularly update investors on both successes and potential setbacks to maintain trust. Data and Emotion Balance: Make decisions based on solid data while also incorporating sound judgment and intuition. Mutual Alignment: Choose investors who share your vision and values to foster a cooperative and supportive partnership.   Chapters: Timestamp Summary 0:05 Investment Advice and Reflections on Time Passing Quickly 1:23 Keeping Investors Happy Through Financial Transparency and Proactive Communication 4:00 Anchoring Business Decisions on Data Over Emotion 5:20 Balancing Art and Math in Investment Decisions 7:09 Choosing the Right Investors for Your Business Vision 10:21 Choosing Business Partners Is Like Dating 11:45 Discussing Business Success and Stress Management Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Belief's Role in Financial Success: Understanding that beliefs drive actions and outcomes in financial planning. Modern Challenges to Traditional Financial Security: Traditional methods like 401(k)s and Social Security are becoming inadequate for future financial security due to evolving economic conditions. New Investment Strategies: Emphasizing investments in hard-to-replicate assets such as bitcoin, gold, real estate in thriving areas, and leading technology stocks. Mindset Shift: Encouraging a transition from employee security to thinking like a business owner or independent contractor for better financial opportunities. Leveraging Current Trends: Staying informed and relevant within one's industry is crucial for long-term financial success.   Chapters: Timestamp Summary 0:00 Financial Security in the Modern World 1:26 The Power of Belief in Financial Security 5:07 The Evolution of Financial Security and Retirement Strategies 10:17 Bitcoin ETFs Versus Traditional 401k Investments 11:32 Adapting to the Cyberspace Economy and Independent Contractor Mindset 16:46 Investing in Hard-to-Replicate Assets for Long-Term Wealth   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Warren Buffett's strategy of turning a declining business into a thriving investment vehicle can be replicated today. The impact of America being a global reserve currency on local manufacturing and investment opportunities. Businesses in stagnating industries can pivot to investment holding models to boost profitability. Importance of investing in established and emerging growth sectors like AI, cryptocurrency, and automation. Practical steps for business owners: cut costs, reinvest profits, and focus on high-growth investments.   Chapters: Timestamp Summary 1:00 Warren Buffett’s Investment Strategy 3:00 Impact of Reserve Currency on Manufacturing 6:00 Conversion of Berkshire Hathaway 9:00 Current Economic Trends and Industry Shifts 12:00 Investing in Growth Sectors 14:00 Advice for Investors and Businesses 16:00 Conclusion and Optimism for the Future   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Understanding Stagflation: Stagflation consists of slow economic growth paired with high inflation, affecting sectors and individuals differently. Deflation vs. Inflation: Deflation involves falling prices, often due to technological efficiency or reduced demand. Inflation, on the other hand, can stem from economic growth or excessive money printing. Economic Adaptation: Investing in innovative sectors and maintaining up-to-date skills can help individuals navigate challenging economic conditions. Government Debt Management: Highlighting the government's approach to stabilizing debt relative to the economy by increasing the money supply. Belief Systems in Economics: Individual economic outcomes often reflect one's belief systems, influenced by various information sources. Chapters: Timestamp Summary 0:00 Stagflation Predictions and the Value of Creative Thinking 3:15 Understanding Stagflation, Deflation, and Inflation in Economic Contexts 6:20 Deflation’s Impact on Businesses, Governments, and Consumers 11:09 Navigating Economic Perspectives and Individual Financial Responsibility 15:23 Expanding Money Supply to Stabilize Economy Amid Growing Debt 18:05 Navigating Economic Chaos Through Personal Adaptation Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Accurate Financial Records: Keeping your business books in impeccable order is crucial for attracting serious buyers and achieving a successful sale. Employee Retention: Ensuring key employees stay during the transition period significantly enhances the business's attractiveness to potential buyers. Customer Diversification: Reducing reliance on a single customer prevents revenue concentration risks, making the business more stable and appealing to buyers. Owner Independence: Transitioning the business to be less dependent on the owner increases its value and saleability. Realistic Valuation: Understanding and accepting the true market value of your business helps prevent deal failures due to unrealistic expectations.   Chapters: Timestamp Summary 0:00 Avoiding Deal Killers When Selling Your Business 2:16 The Importance of Accurate Financials in Selling a Business 3:20 Key Factors to Consider When Selling Your Business 5:59 The Importance of Realistic Business Valuation and Expert Advice 6:57 How to Make Your Business More Sellable and Less Stressful 10:03 Financial Advice and Investment Risk Disclosure Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Historical Context of the Petrodollar System: The agreement between Saudi Arabia and the U.S. mandated the sale of oil exclusively in dollars, creating a strong financial foundation for the U.S. Artificial Dollar Strength: This system led to outsourcing and increased reliance on manufacturing from countries with lower production costs, impacting the U.S. labor market. Shift to Multi-Global Currency System: Nations are pivoting away from the dollar, favoring hard assets and their own currencies for trade, influenced by economic giants like China. Investment Strategies: The importance of investing in scarcer assets like gold, Bitcoin, and prime real estate becomes crucial as global economic dynamics evolve. Future Economic Outlook: Understanding global currency trends and their implications is vital for both investors and consumers navigating rising inflation. Chapters: Timestamp Summary 1:09 The Petrodollar System and Its Impact on Global Economics 5:47 Economic Impact of a Strong Dollar on Manufacturing Jobs 10:15 Dallas Real Estate Boom Due to Business-Friendly Environment 11:17 Transitioning to a Multi-Global Currency System 17:11 The Impact of Tariffs and Inflation on Asset Value 19:14 Understanding Economics and Inflation for Better Investment Decisions Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Scalability is Key: Buyers seek businesses that can grow effortlessly with minimal stress. Reduce Owner Dependence: Ensure the business can operate independently of the owner. Hire Employees: Long-term employees are more valuable than contractors for sustaining operations post-sale. Keep Accurate Financial Records: Well-organized books and clear financial histories are essential. Network for Buyers: Start communicating with your network and consider business brokers to find potential buyers.   Chapters: Timestamp Summary 0:44 Summer Plans, Music, and Financial Deals 1:27 Strategies to Make Your Business Attractive for Acquisition 2:51 Preparing Your Business for a Successful Sale 5:18 The Importance of Planning Your Business Exit Strategy 7:08 Owner Transition and Earn-Out Structures in Business Sales 7:39 Key Considerations for Selling a Service-Oriented Business 9:53 Finding Buyers for Your Business Through Networking 11:21 Consult Financial Advisors Before Implementing Investment Strategies Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Global Interest Rate Adjustments: Discusses the recent interest rate cuts by various central banks and their implications on the global economy. Natural Flow of Money: Insight into how money flows towards freedom and assets with conservative supply and low debt, and how governmental policies often disrupt this flow. Impact of Interest Rates: Higher interest rates reduce borrowing capacity, while lower rates increase credit creation, affecting market stability. Financial Flexibility: The importance of remaining financially flexible by avoiding excessive debt, focusing on asset accumulation, and increasing income-generating skills. Optimism Amid Volatility: Embracing market volatility as an opportunity for growth and investment rather than a reason for panic and fear. Chapters: Timestamp Summary 0:00 Investment Strategies and Risk Management Insights 1:09 Understanding Global Rate Cuts and Their Economic Implications 4:53 Human Interference in Natural Forces and Its Consequences 6:48 Navigating Economic Cycles and Technocratic Influence as an Investor 8:52 Embracing Volatility for Financial Opportunities 10:51 Finding Financial Flexibility and Inner Peace Amid Changing Conditions 11:59 Volatility and Investment Strategies in a Changing World Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Self-Funding: Bootstrapping your business can be efficient but may not suffice for long-term growth. Bank Loans: Access to immediate capital with the obligation to maintain clean financials and demonstrate future profitability. Friends and Family: While accessible, this funding route comes with personal relationship risks and potential unwanted input in business decisions. Private Equity: Provides significant capital quickly but involves surrendering substantial control and having a clearly defined exit plan. Professional Guidance: Always consult with financial advisors, CPAs, and legal experts before opting for any funding route to ensure strategic alignment and compliance.   Chapters: Timestamp Summary 0:00 Funding Strategies for New Business Ventures 2:56 Exploring Loan Options for Business Expansion 4:55 Navigating Friends and Family Investments in Business 9:12 Pros and Cons of Different Business Funding Options 13:12 Consult Advisors Before Investing and Note Past Performance Limitations   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Understanding the Economic System: How America's economy has increasingly produced money rather than goods since the 1970s, distorting asset prices and consumer behavior. Impact of Debt and Credit: High levels of credit card debt and buy-now-pay-later schemes can lead to financial instability, particularly when used to finance vacations and lifestyle expenses. Importance of Conservative Money: Emphasizing the role of conservative money in a stable economy, discusses bitcoin as a good example due to its strong property rights and limited supply. Strategic Investment Approaches: Invest in innovation and primary real estate to build a stable and appreciating balance sheet, while avoiding excessive debt. Long-Term Financial Planning: Focus on a buy-and-hold strategy that minimizes taxes and leverages debt intelligently for sustainable wealth growth. Chapters: Timestamp Summary 0:05 Freedom from Financial Slavery and Managing Providers Guilt 5:48 Breaking Free from the Monetary System 7:06 The Impact of Easy Money on America’s Economy 11:41 Navigating Investment in a Miscommunicated System 13:07 Building Wealth with Bitcoin and Strategic Investments Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Emotions are likened to a car's dashboard, providing signals about our inner state that can inform our financial decisions. Trauma memories, when triggered, can impact current behavior, including financial choices, and require strategies to reprocess and integrate into long-term memory. Practices such as EMDR therapy and mindfulness techniques, including square breathing, can facilitate emotional regulation and help break negative behavior loops. Emotions that are often labeled as negative, such as anger or fear, can be adaptive and serve as catalysts for positive change if channeled correctly. Forgiveness is framed as a personal release of emotional burden rather than necessarily leading to reconciliation, crucial for both personal freedom and financial decision-making.   Chapters: Timestamp Summary 1:00 Integrating Psychology in Financial Advising 4:38 Understanding and Embracing Emotional Intelligence 8:08 Understanding Attachment Disruptions in Early Childhood 9:21 Breaking Emotional Loops and Understanding Trauma Memory 12:06 Understanding Trauma and the Brain’s Response to Triggers 15:58 Trauma’s Impact on Financial Decisions and Emotional Regulation 19:40 Overcoming Fear Through Curiosity and Courage 20:10 Mastering Mindfulness to Overcome Life’s Challenges 23:24 Dreams, Biology, and the Human Connection to Cells 25:32 Redefining Forgiveness and Embracing Emotional Adaptivity 29:36 Discussing Mental Health, Finance, and Personal Boundaries Powered by Susan Reed LCSW and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Credit creation is the primary driver of money supply expansion in modern financial systems, overshadowing the actual printing of physical currency. The value of money aligns with productivity when credit expansion and productivity are in balance; an imbalance can lead to a loss of money value. Wealth accrues on restrictive properties within stable legal systems, with ample opportunity for credit growth; bitcoin possesses these attributes, setting it up as a lucrative asset class. Bitcoin as a new avenue for wealth creation, underscoring its scarcity and decentralized structure. Investors must adapt to a financial landscape where virtual assets like bitcoin complement the physical economy, resulting in an evolved strategy for asset and wealth building. Chapters: Timestamp Summary 0:05 Bitcoin as the New S&P 500 1:29 Credit Creation as the Lifeblood of Financial Systems 4:26 Building Wealth Through Property and Credit Creation 6:19 Tracing the Evolution of Legal Systems and Human Progress 8:41 Blockchain’s Revolutionary Impact on Property Rights and Wealth 10:45 Strategic Policies That Strengthened the US Dollar’s Global Dominance 12:43 Bitcoin’s Impact on Wealth Expansion and Investment Returns 14:52 Distinguishing Trend Changes from Performance Chasing 17:06 Bitcoin’s Potential to Transform Traditional Wealth Building Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: The "Buy, Borrow, Die" strategy is designed for high-net-worth individuals aiming to maximize their legacy while minimizing tax exposure. Leveraging appreciable assets through loans can prevent capital gains taxes and provide a means to acquire additional assets. It's crucial to understand and manage the risks, ensuring that assets have sufficient revenue or net worth to cover loan repayments. On the death of the asset holder, heirs receive a step-up in basis, which can significantly reduce or eliminate capital gains tax on inherited assets. Leverage can be a powerful tool for wealth generation, but it must be approached with care and in alignment with a robust financial understanding.   Chapters: Timestamp Summary 0:05 Exploring the ‘Buy, Borrow, Die’ Strategy with Experts 1:43 Strategizing Wealth Transfer for Millionaires’ Legacies 2:30 Leveraging Art Assets for Tax-Efficient Acquisitions 3:31 Strategies and Risks of Financial Leverage 5:53 Understanding Investments and Loan Terms 6:19 Strategic Asset Inheritance and Tax Avoidance 7:51 Leveraging Credit to Build Wealth and Asset Appreciation 8:35 Strategic Financial Planning and Thoughtful Investment Advice   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Human Imagination versus Analytics: Discover the distinction between the repetitive cycle of the analytical mind and the boundless potential of human imagination in creating wealth. Breaking the Financial Loop: Learn the importance of shifting your emotional response to money in order to break free from self-limiting patterns. Flow State in Wealth Building: Understand how achieving a flow state can enhance wealth acquisition by aligning your actions with an elevated emotional state. The Power of Emotion: Realize that the work of changing your financial destiny begins within, by nurturing positive emotions towards money. Transcending Time: Grasp the concept of transcending time by harmonizing with a feeling of wealthiness, allowing a higher intelligence to orchestrate the timing of manifestation.   Chapters: Timestamp Summary 0:05 Investment Strategies and Overcoming Inflation 1:12 Decoding Life’s Patterns Through Music and Metaphysics 3:22 Wealth Building Through Understanding the Unperceivable 5:57 Innovation’s Role in Solving Humanity’s Greatest Challenges 6:36 Breaking the Analytical Loop with Imaginative Thinking 9:27 Unlocking Imagination and the Dangers of Mental Programming 11:01 Emotional Loops and Financial Mindsets 11:54 Transforming Wealth-Building Through Imagination and Emotion 14:12 Manifesting Wealth Through the Power of Imagination 15:09 Expanding Imagination to Reach Genius Through Personal Growth 16:19 Harnessing Inner Peace for Manifesting Desires 19:41 Transcending Physicality Through Consciousness and Energy   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Mental algorithms dictate our automatic responses to financial situations, often rooted in emotions from past experiences. Manifestations of scarcity mindset include short-term financial thinking, overconsumption, and an inability to embrace financial volatility. Cultivating a wealth mindset involves daily practice of aligning thoughts with emotions, envisioning financial success, and embracing feelings of abundance. Creative visualization plays a key role – by mentally enjoying wealth and abundance, one can reshape their emotional reactions to financial matters. The outcome of reprogramming is a mindset that is prepared to perceive and understand financial opportunities in a new light.   Chapters: Timestamp Summary 0:05 Investment Strategies and Wealth Building Insights 2:40 Cultivating a Wealth Mindset Through Patience and Care 4:54 Automation and Mindsets: Enhancing Human Creativity and Efficiency 7:21 Overcoming Inherited Irrational Fears Through Meditation 8:18 Financial Mindsets Shaped by Early Experiences of Lack 12:53 Phasing Through Mental Barriers With Confidence 15:11 Reprogramming Your Mind and Social Media Algorithms 16:42 Harnessing Imagination to Influence Financial Emotions 19:04 Cultivating Feelings of Financial Abundance 20:33 Cultivating a Wealth Mindset Through Emotional Alignment and Practice Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Conducting a thorough mid-year fiscal review can highlight whether a business is on track with budget goals. Fear of numbers often hinders business owners from facing their financial reality, which can impede growth. Financial statements shouldn't just be for tax purposes; they are crucial for informing decisions and strategies aimed at business expansion. Effective financial planning involves the entire team, indicating that success is not a solo endeavor. Regular financial check-ins can direct business owners toward aligned action rather than unproductive busywork. Chapters: Timestamp Summary 0:05 Investment Strategies and Mid-May Musings with Experts 1:27 Strategies for Business Owners to Meet Financial Goals 3:59 Maximizing Earnings Through Aligned Action and Teamwork 5:00 Growing Your Business by Regular Financial Check-Ins 6:21 Investment Strategies and the Risk of Future Performance   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Analytical ability is only one part of overall intelligence; emotional intelligence and creativity also play crucial roles. An individual can become trapped in cyclical patterns of behavior due to unresolved emotional responses, affecting financial and other life decisions. Staying open to change and not identifying oneself with past knowledge is key to adapting and succeeding in an ever-evolving world. Wealth and success come not from predictability but from the ability to creatively adapt and move with the times. The ultimate goal is to enjoy the process of wealth building, not just the outcome, by embodying the energy of what one wants to achieve.   Chapters: Timestamp Summary 0:05 Investment Strategies and Emotional Resilience in Volatile Markets 1:34 Analytical Ability Versus Overall Intelligence 2:43 Emotional Patterns and the Recurrence of Weight Loss Pills 5:21 Interplay of Analytical and Creative Minds in Problem-Solving 7:31 Transforming Financial Mindsets Through Emotional Awareness 11:32 Predictability Versus Volatility in Financial Decisions 14:17 Embracing Change and Evolving Beyond Established Knowledge 18:32 Harnessing Patience in the Journey to Wealth 19:54 Embracing Energy as the Source of Creation and Manifestation Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Employees should regularly review their paychecks to ensure accuracy in payment, bonus, commission, and benefits. Overlooking your pay statement can lead to undetected errors, resulting in financial losses or unanticipated tax outcomes. Ensuring correct 401(k) contributions and health insurance deductions are vital for long-term financial planning. Annual or frequent paycheck reviews can prevent unwanted surprises during tax season or when needing insurance coverage. Taking personal responsibility in financial matters can protect and enhance one's wealth-building journey. Chapters: Timestamp Summary 0:57 Springtime Strategies for Wealth Building Simplified 1:39 Employee Oversight of Payroll and Benefits 4:15 Health Insurance Enrollment Oversights and Paycheck Checks 4:37 The Importance of Regular Paycheck Reviews 5:09 The Importance of Monitoring Paychecks and Benefits 5:41 Ensuring Paycheck Accuracy Through Personal Responsibility 6:38 Educational Caveats in Financial Advice and Performance   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: An economy's stability hinges on the balanced interrelation between currency, production, and distribution. Bitcoin is emerging as a preferred form of collateral in the cyberspace economy due to its fixed supply and resistance to manipulation. Technology's role in driving down the costs of production and distribution could result in a deflationary system where the value of money increases over time. Artisans may experience a renaissance, as handmade goods are poised to become increasingly valuable in a world dominated by mass production and automation. The cyberspace economy marks a pivotal shift from an inflationary to a potentially deflationary economic paradigm where technological progress enhances wealth.   Chapters: Timestamp Summary 0:05 Understanding the Cyberspace Economy’s Fundamentals 2:42 Evolving Economies and the New Frontier of Cyberspace 6:20 Cyberspace Currency and Blockchain Collateral 11:52 Embracing Deflationary Economics Through Technology 15:18 Human Consciousness Animating Technological Evolution 17:01 Artisans’ Value in a Technological Society 20:59 Investing in Technology for Future Cost of Living Reductions   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Investment Intuition: Recognizing the balance between quantitative and qualitative aspects of investing can lead to more informed decision-making. Intuition and feelings significantly influence the attraction to certain investments. The Feeling of Wealth vs. Poverty: Wealth is associated with feelings of freedom, optimism, and security, while poverty often aligns with hopelessness and impatience. Navigating Technology and Progress: Understanding the historical benefits of technological advancements can help one overcome fear and skepticism about future opportunities, such as artificial intelligence and bitcoin. Financial Education for the Next Generation: Starting financial conversations early, as exemplified by the discussion on taxes with Philip's eight-year-old son, is crucial for building financial literacy. The Future of Business: With economic changes affecting traditional business lending models, innovative strategies, such as leveraging technology and alternative investments, can lead to achieving wealth and maintaining freedom in business.   Chapters: Timestamp Summary 0:00 Investment Strategies and Wealth Building Insights 1:23 Teaching Kids About Taxes and Managing Money 3:32 Investing Intelligence: Riding the Curve of Awareness 5:22 Intuition Versus Analysis in Wealth Attraction 8:17 Contrasting Emotions of Wealth and Poverty 11:32 Embracing AI and Bitcoin for a Prosperous Future 17:03 Strategies for Small Business Survival in Tight Financial Times 21:52 Embracing Progress for Personal Freedom and Understanding   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: CPAs should consider succession planning early, focusing on making their businesses attractive to potential buyers and ensuring client retention. It's vital for CPA businesses to adapt their names and processes to reduce owner dependence, enhancing their appeal and potential market value. Key staff might become prospective business owners; incentivizing with equity stakes might secure a successful and beneficial transition. Aggressive investment of net profits into diverse assets such as real estate or emergent technologies can help meet post-retirement financial goals. Understanding a post-retirement purpose, such as philanthropy, creates drive and helps prevent post-exit regret common among business owners. Chapters: Timestamp Summary 0:00 CPA Expertise on Business Acquisitions and Succession Planning 2:20 Challenges and Perceptions in the CPA Industry 3:17 Strategies for a CPA’s Business Exit Plan 6:51 Investing in Scarce Assets for Exponential Growth 8:32 Strategies for a CPA’s Future Retirement and Business Sale 11:17 Planning for Retirement: Sally Meeps’s Exit Strategy 12:01 Strategic Borrowing and Equity Sharing for Business Growth 13:13 Strategies for a Successful Business Sale and Transition 16:18 Financial Strategies and Contacting Expert Allison   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Bitcoin is proposed as an ideal savings medium that offers appreciation in value and security against manipulation. The episode parallels the stability of savings-oriented systems with the imbalance of economies rooted in easily-inflatable credit. Comparative insights reveal Bitcoin's superior performance against traditional assets when measuring the purchasing power of oil over the past decade. The gradual but inevitable financial system shift is emphasized as governments and wealth funds recognize Bitcoin's potential. The discussion outlines a comprehensive investment strategy centered around Bitcoin, supplemented by selected stocks and real estate.   Chapters: Timestamp Summary 0:01:12 The importance of savings and its role in a proper financial system. 0:02:35 The flaws in the current financial system built on credit. 0:04:09 The need for constants and building on knowledge in finance. 0:06:08 The author’s personal investment strategy with bitcoin and companies. 0:08:10 The concept of savings from a government standpoint. 0:10:14 Comparing the value of bitcoin, S&P 500, and gold as savings options. 0:13:17 Bitcoin bought 91 times more oil per dollar invested. 0:13:57 There is no one at the top controlling everything. 0:15:12 Larry Fink is a powerful money manager in finance. 0:16:19 Rich people want a base currency that can’t be manipulated. 0:17:33 Rich people don’t care about the technical details of crypto. 0:18:42 Rich people want to put their wealth in a decentralized system. 0:19:07 Rich people just want to know if their money is safe. 0:19:40 Investors are rewarded for their patience and information edge. 0:20:25 Bitcoin is the core of the portfolio and benchmark for allocation. 0:21:28 Real estate and stocks should not be dismissed.   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Having a robust treasury function in your business can be critical for sustainability and growth, especially in a fluctuating economy. Businesses should ideally maintain at least three to six months of operating expenses in cash as a buffer against market challenges. Investment in assets like real estate or conservative stock portfolios can help businesses outpace inflation and build wealth over time. The depreciating currency rate poses unique challenges for American small businesses, highlighting the need for strategic financial planning. Long-term thinking and planning can position a business to capitalize on opportunities when market conditions cause competitors to falter. Chapters: Timestamp Summary 0:00:32 Performance is not indicative of future performance. 0:01:03 Importance of having a treasury or focusing on the treasury function in business. 0:01:57 Business is getting harder due to inflation and the need for a sustainable growth strategy. 0:04:17 Start with shoring up emergency cash and then consider other investments. 0:06:08 Currency depreciation and the need for strategic cash flow management. 0:07:38 CPA’s analysis on cash allocation for clients. 0:08:52 Planning for financial stability and turning April showers into May flowers. 0:09:39 Contact information for more information.   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Understanding historical and modern stores of value is crucial for making educated investments that span across space and time. The best long-term investments are often in scarce assets that are resistant to laws, violence, manipulation, and collusion. Rich individuals often transition profits from short-term, innovative ventures into more stable, hard currencies to preserve wealth. Bitcoin presents a new paradigm as a liquid and secure store of value, challenging traditional assets with its fixed supply. The ever-changing nature of finance requires adaptability and foresight, emphasizing that 'stability' in financial terms is largely illusory.   Chapters: Timestamp Summary 0:00:00 Introduction and sponsorship messages 0:01:05 Finance is changing and those who don’t adapt will struggle 0:03:11 The challenge of storing value across space and time 0:05:27 The role of laws, violence, manipulation, and collusion in propping up value 0:06:45 The role of gold as a store of value 0:09:01 Borrowing from protected assets to invest in new ventures 0:10:16 The importance of saving excess money in hard currencies 0:11:29 Planning for the end of a business venture and converting equity to hard assets 0:11:59 Summary and conclusion 0:12:29 What’s the next version of innovation? 0:13:02 Investing in short term: being creative and productive 0:13:32 Converting profit to hard currency: gold, real estate, or bitcoin 0:14:28 Advantages and disadvantages of gold and real estate 0:15:04 Bitcoin: limited supply, liquidity, and financial markets 0:15:45 Bitcoin’s transformational potential 0:17:34 The system working towards abundance 0:18:14 Stability is a fallacy, move with the times 0:19:25 Don’t worry about inflation and job security, move with the times   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: The importance of having a preemptive strategy, like a prenup or postnup, to protect business interests in case of a divorce. The necessity to have life insurance equating to the business's worth to secure its value and provide for beneficiaries upon the owner's death. Including disability scenarios in succession planning to ensure continuous business operation if the owner becomes incapacitated. Ensuring clear defined roles and agreements for business partners to prevent and manage internal disagreements. The need for contingency planning, such as maintaining sufficient cash reserves, to face economic downturns and hardships (distress). Chapters: Timestamp Summary 0:00:05 Introduction and disclaimer about investment advice 0:00:49 Discussion on the consequences of divorce in business 0:03:23 Importance of having a prenup or postnup agreement for business ownership 0:04:23 Planning for the transfer or sale of business assets upon death 0:05:16 Involving children or key employees in the succession plan 0:05:58 Suggestion to buy life insurance to protect the value of the business 0:07:17 Planning for business continuity in the event of disability 0:08:22 Defining roles and responsibilities to mitigate disagreements 0:10:00 Suggestion to manage stress and seek mediation in case of disagreements 0:11:24 Importance of contingency planning for business distress 0:11:56 Planning for economic recession and contingencies 0:12:29 Discussing disasters and distress in business 0:13:03 Importance of proper planning for entrepreneurs 0:13:23 Planning reduces stress and increases profit 0:13:55 Contact information for Alison Reiff Martin 0:14:13 Disclaimer and closing remarks   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Consider setting aside 10-20% of your budget for the maintenance of owned assets to prevent financial stress and ensure their enjoyment over time. Every investment is essentially a currency trade, reflecting the vision and current preferences of the market's collective mindset. Positioning for 'the big trade' involves anticipating shifts in market expectations and investing in assets that will be scarce and valuable in a future economic landscape. The episode underscores the emerging significance of the digital economy and the potential of bitcoin as a store of value for digitally savvy generations. Governments may need to inject more currency into the economy, prompting strategic investors to channel this flow into purchasing future-focused and scarce productive assets.   Chapters: Timestamp Summary 0:01:51 Importance of budgeting for maintenance costs 0:05:00 Explanation of currency trading and its impact on asset prices 0:07:06 Advice for short-term traders and the role of liquidity 0:11:19 Focus on the big trade and identifying valuable assets 0:12:41 Rearranging present assets for future appreciation 0:13:32 The trend of increasing debts and its impact on currency value 0:14:25 Viewing everything as a currency and the need for alternative stores of value 0:15:21 Investing in scarce real estate and gold as stores of value 0:16:23 Exploring the monetary system of Bitcoin and its potential 0:18:00 The rise of new digitally native companies and the future of manufacturing 0:21:01 The potential of the digital economy and the attraction of Bitcoin for savings 0:22:27 Investing in companies that plug into the digital system 0:23:32 The self-reinforcing cycle of companies investing in Bitcoin 0:23:53 The emergence of the new digital economy and its potential for global participation 0:25:02 The role of collateral and the need for government bailouts in the current system 0:25:50 Countries bailing out companies to protect the economy 0:26:39 Middle class and poor spending money, while the rich buy assets 0:27:58 Reduce expenses, invest in future assets to grow wealth 0:28:33 Different ways the government is unlocking and injecting money into the system   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Emotions are integral to the investment process, acting as a guide to align financial decisions with personal satisfaction and well-being. The practice of emotional self-awareness, such as through meditation and journaling, can help individuals navigate financial choices with greater clarity. Overcoming fears related to spending, failure, and uncertainty is crucial in building wealth and feeling secure in financial decisions. Embracing positive emotions can lead to a more attractive and magnetic state of being that can influence wealth creation. The episode draws parallels between biblical tales and financial decision-making, providing a unique perspective on the intertwining of spirituality and finance.   Chapters: Timestamp Summary 0:00:38 Introduction and plans to freestyle by Steve. 0:01:48 Everything in life is an energy exchange. 0:02:24 Going deep into emotions is hard but necessary. 0:03:46 Meditation and journaling open up a flood of emotions. 0:05:20 Navigating emotions opens up a higher dimension of awareness. 0:06:35 The mind analyzes and knows, both are important. 0:07:25 Example: Overcoming fears in wealth building. 0:09:08 Practicing positive emotions aligns your budget. 0:10:14 Overcoming the fear of judgment in spending. 0:11:51 Dealing with failure, uncertainty, and fear in wealth building. 0:12:15 Embracing uncertainty and avoiding impulsive decisions. 0:13:23 Achieving goals with positive emotions and alignment. 0:14:46 Changing feelings about money and embracing uncertainty. 0:16:21 Operating from a place of confidence and satisfaction. 0:17:49 Doing emotional work for personal satisfaction, not just for external changes. 0:18:17 The story of Adam and Eve as a metaphor for analytical vs. intuitive approaches. 0:20:07 Owning positive feelings to make wealth building easier.   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Mental health is an ongoing journey that benefits from a proactive, rather than reactive, approach, much like physical health care. The role of therapists, spiritual leaders, and barbers extends beyond their professional titles, often bridging the gap to emotional support and healing within the community. Understanding and navigating the stages of grief is crucial for both personal healing and aiding others through difficult experiences. Continual self-improvement and self-discovery are essential parts of growth and can be facilitated through therapy, meditation, and spiritual practices. Creating safe spaces where people can express vulnerabilities and process their emotions contributes to building stronger, compassionate communities.   Chapters: Timestamp Summary 0:00:00 Entering fights to expand skills, focusing on preparation and mindset 0:01:26 Practicing non-relative thinking and personal growth 0:02:09 Getting into the mental health profession and finding fulfillment in helping others 0:03:41 Misconceptions and stigmas about mental health and therapy in the Black community 0:05:49 Therapy helps heal the mind through speaking, reframing thoughts, and creating a plan 0:08:34 The impact of spirituality and the Bible on mental health and emotional healing 0:10:19 The importance of having a supportive and accepting father figure 0:11:26 Exploring individual versions of Christianity 0:11:50 Divine appointments and guidance from God 0:13:24 Using the barber shop as a space for therapy 0:14:39 Learning to process grief and help others through it 0:19:34 Providing support and guidance to clients as a barber 0:21:14 The importance of meditation in increasing self-awareness 0:23:05 The benefits of therapy and self-reflection 0:24:38 Progress, success, and pride in counseling clients 0:25:28 The importance of applying what’s learned in therapy and sharing one’s story 0:27:12 Embracing therapy as a continuous process of growth and self-discovery 0:27:55 Comparing therapy to sports practice and the need for adaptation over time 0:29:07 Mental health should always be a priority, with therapy needed in certain seasons   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Note: Explore our Health Series on YouTube for a visual supplement to the podcast. Enjoy a more comprehensive experience by watching the videos. Your well-being matters to us—happy listening and watching!

Key Takeaways: Embrace the convenience of alternative payment options like Zelle, Venmo, PayPal, and stable coins. However, balance it against potential risks and fees. Always verify the recipient's information before executing a transaction via alternative payment methods to prevent fraud. Implement strong IT security measures and two-factor authentication to protect financial transactions from cyber threats. Consider performing a small test transaction when setting up a new payment recipient to confirm the accuracy of the details. Stay informed about the evolving digital payment landscape and continuously adapt business practices accordingly. Chapters: Timestamp Summary 0:00:05 Introduction and disclaimer about investment advice 0:00:37 Phillip and Allison discuss alternative payment options 0:01:40 Phillip shares a story about introducing a contractor to Zelle 0:02:44 Allison explains why many business owners are hesitant to embrace alternative payment options 0:03:57 Phillip mentions lightning and stable coins as cheaper alternatives 0:05:25 Allison highlights the risk of fraud with alternative payment options 0:06:26 Phillip and Allison discuss the importance of verifying payment details 0:07:21 Allison emphasizes the need for strong cybersecurity measures 0:08:59 Phillip suggests using two-factor authentication for financial institutions 0:10:09 Allison concludes the discussion on alternative payment options   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Finance and investment are about protecting purchasing power and adapting to changing economic landscapes. 'Hard money' represents assets that are difficult to replicate, such as commodities, unique technological advancements, and bitcoin. 'Artificial money' denotes easily reproducible assets like stocks, bonds, and government-issued currency. An effective investment strategy involves prioritizing long-term wealth storage in the hardest assets available, thereby countering inflationary pressures. Understanding the relative scarcity of assets helps in crafting a balance sheet with a solid foundation, akin to a well-built house.   Chapters: Timestamp Summary 0:00:00 Introduction to the podcast and sponsors 0:01:45 The importance of protecting purchasing power in finance 0:03:17 The concept of safe assets and their limitations 0:06:13 Differentiating hard money from artificial money 0:09:21 The hardest money asset - Bitcoin 0:12:01 The lifespan of artificial money assets 0:13:50 Differentiating between safe money and artificial money 0:14:30 The power of branding and scarcity in commodities 0:15:00 Bitcoin’s natural and mental scarcity 0:16:06 Bitcoin’s security and difficulty to replicate 0:17:17 Bitcoin’s attraction of smart minds and increasing value 0:17:53 Storing long-term wealth in hard assets 0:19:55 The relative scarcity of different assets 0:21:26 Setting a benchmark for investment decisions 0:22:23 The conservative approach of investing in hard assets 0:23:32 Rethinking risk as the ability to reproduce an asset 0:24:08 Volatility as a function of the market finding equilibrium 0:25:17 Safety in investing in scarce, hard assets 0:25:51 Outro and disclaimer   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: The "Buy, Borrow, Die" strategy involves acquiring appreciable assets, borrowing against them, and ultimately leaving them to heirs—typically with favorable tax implications. To leverage this strategy effectively, one must carefully select assets that are anticipated to appreciate in value over time. Utilizing loans strategically against assets is a non-taxable event that can fund further investments without incurring capital gains taxes. Implementing the "Buy, Borrow, Die" strategy requires a substantial initial wealth base and should not be undertaken without professional financial advice. The technique offers the duality of creating stable income streams from assets like rental properties while also ensuring future wealth for heirs, often at an increased market value but without the tax bite of capital gains. Chapters: Timestamp Summary 0:00:05 Introduction and disclaimer about investment strategies 0:00:37 Discussion begins on the “buy, borrow, die” strategy 0:01:59 Importance of having sufficient funds and a financial advisor 0:02:20 Explanation of buying various types of assets, including real estate and stocks 0:03:43 Benefits of leaving assets to family members at fair market value 0:06:20 Tax benefits of the strategy, including minimizing capital gains 0:07:21 Using borrowed funds for investments as a non-taxable event 0:08:48 Mention of life insurance as part of the strategy 0:09:06 Conclusion and contact information for Allison Reif Martin   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Money is primarily a unit of measurement for transactions, reflecting a system created by governments to track value exchange. The evolution of money follows a path of wealth moving from established order, through chaos, towards a new order, facilitated by creative innovation. Understanding the yield curve plays a crucial role in navigating investment decisions across short and long-term horizons. Wealth accumulation is driven by the flow of money towards problem solvers and creators who bring new value into the economy. Refreshing beliefs and maintaining an open mind are vital for recognizing and capitalizing on emerging opportunities in wealth building.   Chapters: Timestamp Summary 0:00:00 Introduction to the podcast and the topic of money 0:02:04 Money as a unit of account and a way to measure transactions 0:03:25 The value of money is separate from its function as a measurement 0:06:19 The limitations and flaws of man-made money systems 0:08:02 The importance of understanding the origins of money 0:09:56 Using the yield curve as a guide to navigate the flow of money 0:13:59 Choosing alternative investments outside of the traditional system 0:14:26 Investing options with potential higher returns than 5% 0:15:15 The journey of value from short-term to long-term investments 0:16:13 The concept of venture capital and its potential returns 0:16:51 The relationship between bond prices and return potential 0:18:39 The evolution of established companies and the need for new investments 0:19:19 Investing in innovative and new technologies for higher returns 0:20:19 The flow of money from order to chaos to new order 0:22:08 The mindset shift from survivor mode to creative mode in investing 0:23:35 Money as an idea and the manifestation of value 0:26:00 Geniuses awakening to solve problems and create new systems 0:28:14 The trinity of civilization: governments, businesses, and money 0:28:46 The dynamic forces of governments, businesses, and money 0:29:16 Value and wealth flow from entity to entity 0:29:53 Money follows creators and problem solvers 0:30:19 Enjoy the flow of money and wealth   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Financial confidence is more about emotional intelligence than the ego or the manifestations of past financial actions. Improving emotional intelligence can lead to positive changes in how one interacts with money, leading to increased wealth. Feelings and emotions are powerful influencers on financial decisions; aligning these with positive financial goals is crucial. Relational intelligence and understanding one's relationship with money significantly impacts wealth-building potential. Building financial confidence involves working through one's negative associations with money and focusing on positive aspects.   Chapters: Timestamp Summary 0:01:10 Introduction to the topic of building financial confidence 0:02:06 Explaining the concept of ego and its relation to confidence 0:03:08 Operating on different levels: thoughts, actions, and feelings 0:04:23 The importance of navigating emotions and adopting better feelings 0:05:18 Difference between emotional intelligence and social intelligence 0:06:25 Personal experience with social and emotional intelligence 0:08:11 Approaching money from a socially intelligent standpoint 0:09:19 Importance of improving the emotional relationship with money 0:11:08 Opening up to negative thoughts about money and reframing them 0:11:55 Finding gifts and positive insights from past experiences 0:11:50 Focusing on the positive aspects of relationships and experiences 0:12:07 Recognizing the gifts received from parents and appreciating their positive qualities 0:13:09 The importance of focusing on the positive aspects of people and experiences to avoid conflict 0:14:32 Viewing experiences as neutral and choosing to focus on the positive aspects 0:15:30 Building confidence by practicing how you want to feel and carrying that feeling into different situations 0:16:36 The role of confidence in attracting wealth and how people are drawn to confident individuals 0:17:34 Shaping the future based on how you feel about money and molding your ego to align with your desired feelings 0:18:44 The importance of raising emotional intelligence and how it affects social interactions   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Surge Pricing Debate - Surge pricing may work for some industries based on demand, but applying it to steady products like fast-food may not always be justified. Customer Retention - A significant risk of surge pricing is the potential loss of customers who may not see the added value in varying prices for the same product. Operational Excellence - A strong operational process can often negate the need for surge pricing by streamlining service delivery and maintaining consistent quality. Market Differentiation - For surge pricing to be accepted by customers, there needs to be a clear differentiator that warrants the increased cost. Universal Business Goal - All businesses aim to solve a problem for the customer, and excelling in service and delivery can set one company apart from its competitors. Chapters: Timestamp Summary 0:00:05 Introduction and disclaimer about the content 0:00:37 Phillip and Allison discuss the positive energy of springtime 0:01:53 Introduction to the topic of surge pricing 0:02:35 Wendy’s implementation of surge pricing 0:03:39 Phillip and Allison discuss the risks and rewards of surge pricing 0:07:24 Comparison of surge pricing in fast-food chains 0:08:47 Phillip mentions the secret menu at In-N-Out Burger 0:09:53 Allison and Phillip discuss the lack of motivation to pay extra for standardized products 0:10:14 Conclusion of the conversation about surge pricing 0:10:12 Is there something that justifies surge pricing? 0:10:38 What problem does your product solve? 0:11:26 How can you provide your product/service better and faster? 0:12:25 Does your product/service fulfill a great need? 0:13:05 How to align vision with operational and service experience?   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Understanding the principles of thermodynamics can provide insights into money management and investment strategies. Inflation can be viewed as a hidden tax and manifests through increased debt across governments and societies. Assets that attract focused energy and action tend to increase in value relative to currency, revealing investment opportunities. Wealth accumulation is influenced by proactive money management and capitalizing on assets poised for growth. Finding balance in one's present income and expenses is pivotal to maintaining long-term financial abundance.    Chapters: Timestamp Summary 0:00:05 Introduction and disclaimer about investment advice 0:01:17 Discussing the fundamentals of money management 0:02:02 Explaining the laws of physics and how they relate to money 0:03:51 Understanding the transformative process of energy to matter 0:05:40 Money as an intangible energy that attracts mass 0:06:36 The value of money relative to assets and currency 0:08:21 The importance of focused action in wealth creation 0:09:40 The correlation between focused action and freedom 0:11:50 The cycle of entrusting community leaders for economic systems 0:13:13 Debt as a manifestation of inflation and system imbalance 0:15:09 Financially aware actors accumulate wealth to protect against inflation 0:15:58 Financially aware individuals cause scarcity of resources 0:17:07 People act rationally based on their awareness of inflation 0:18:10 Financially aware individuals consider various asset classes for investment 0:19:19 Wealthy areas recover faster in markets 0:20:19 Wealthy individuals invest in real estate and volatile assets 0:21:20 Focus on assets with the most energy and potential growth 0:22:58 Volatility in the market reflects the shifting mindset of investors 0:24:36 Avoid being at the bottom of the pack to protect against inflation 0:26:19 Financial awareness prevents individuals from becoming slaves to the system 0:27:48 Michael Saylor’s ability to evolve with the times and buy bitcoin with convertible debt is an amazing story 0:28:18 Mid-sized and small companies are being acquired by larger companies due to cheap access to debt or being on the fringes of innovation 0:29:04 Wealth will be transferred to a new generation of assets as rich people with blind spots pass on their money 0:30:11 The key to good money management is bringing income and expenses into alignment and having an abundance 0:30:46 Forget about retirement and focus on finding balance in the present 0:31:19 Over time, maintaining balance will lead to financial abundance   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Emotional biases greatly impact our perception of financial information, often leading to flawed investment decisions. The media tends to amplify emotions, such as fear or dissatisfaction, due to its profit-driven model, influencing collective thinking about investments. Wealth feels like ease, satisfaction, patience, freedom, joy, and peace, and associating these emotions with money can lead to smarter financial choices. Negative emotional resonance with money can entrench individuals in financial ruts, highlighting the necessity of cultivating a more positive financial mindset. Intellect and money are similar resources that, if leveraged correctly and continually reinvested, can grow, just as static intellect can lead to missed opportunities.   Chapters: Timestamp Summary 0:00:05 Introduction and disclaimer 0:00:37 Phillip introduces the topic of navigating noise in the market 0:01:19 The power of perspectives shaped by previous generations 0:02:01 Our mood influences our perception 0:02:45 Importance of being in a good mood for making good decisions 0:04:09 Media’s objective to attract attention through fear 0:05:09 Most people are not financially satisfied 0:06:16 How to factor through the noise and find opportunities 0:07:23 Change the internal feeling about money to process the noise 0:09:31 Practice the feeling of wealth to filter out negativity 0:10:59 Use intellect to keep an open mind and attract more knowledge 0:13:08 Use intellect to focus on new ideas and manifest wealth 0:14:23 Focusing on progressive energy to manifest balanced finances 0:15:00 Feeling lack leads to unbalanced finances and debt 0:15:32 Changing the feeling first to have balanced finances 0:15:57 Building a strong foundational feeling about money 0:16:15 Taking in new information as you become financially mature   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Retirement Planning for Business Owners - Plan ahead using retirement strategies such as 401(k)s or SEPs to effectively reduce taxes and build savings. Strategic Monthly Contributions - Implement a monthly contribution schedule to retirement plans to manage cash flow and maximize tax benefits over time. Understanding Plan Benefits - Recognize the substantial tax credits offered by new retirement plans, incentivizing business owners to maintain such programs for fiscal advantage. Deferred Compensation Plans - High-earners may find deferred comp plans valuable for unlimited pre-tax deductions, though they entail specific risk considerations. Continuous Tax Strategy Adaptation - Proactively engage in tax planning discussions and stay updated on developments throughout the year to maintain a commanding financial position. Chapters: Timestamp Summary 0:00:45 Allison Reif Martin mentions the March 15 deadline for filing tax returns 0:01:27 Discuss the importance of tax planning for retirement 0:02:51 Encourages monthly contributions to retirement plans 0:04:07 Emphasizes the importance of retirement planning 0:05:19 Philip asks about deferred comp plans 0:05:47 Allison expresses support for deferred comp plans   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Sound money management principles apply universally and allow individuals to recognize similar practices within businesses and governments. Inflation and currency depreciation are recurring themes in unsound monetary policies, often leading to systemic economic issues. Money, being an energy, should be anchored in assets that are scarce and regulated by natural supply and demand, without human manipulation. There is a clear distinction between assets with intrinsic scarcity and worth (like gold and real estate) and those susceptible to artificial inflation or governmental interference. Understanding these principles is key not just for personal wealth but also for making intelligent investment choices in a complex financial world.   Chapters: Timestamp Summary 0:00:05 Introduction and disclaimer about investment advice 0:00:38 Introduction to the topic of sound money management 0:02:52 Importance of building sound money management principles 0:03:18 Money as energy and the concept of spirit 0:06:24 The scarcity of solid foundations in a world run by fixers 0:08:40 The confusion around what money actually is 0:10:08 Hypothetical scenario of a system with sound money 0:13:02 Sorting through options to find sound money 0:14:35 Examples of sound money: gold and real estate 0:15:09 Gold mining and supply and demand 0:17:04 Scarcity and value of assets like Apple stock and Bitcoin 0:19:20 Ideas and money management in personal life 0:20:44 Spotting assets with sound money management principles 0:22:16 Cultivating wealth from within 0:22:26 Closing remarks and disclaimer   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Understanding the 'business planning pyramid' is vital for building a strong foundation for your business. Having the right team in place is crucial, which could mean offering sweat equity in the early stages to stay lean. Financial resources play a significant role in how you plan and execute business strategies. Facing and understanding your financial numbers, even when they're not ideal, is essential for growth and pivoting. Keeping an open mindset, similar to the clarity brought by meditation, can help refresh business strategies to meet current market demands. Chapters: Timestamp Summary 0:00:05 Introduction and disclaimer 0:00:37 Phillip and Allison start discussing the topic of organizing home offices 0:00:44 They introduce the concept of a business planning pyramid, starting with the foundation which includes operations, management team, vision, and financial stability 0:02:08 The importance of having a strong foundation before seeking investment is emphasized 0:03:09 They discuss the importance of having a strong top team, sound operations, and financial stability for a business 0:03:21 Phillip asks Allison about whether it's better to invest in raising the capacities of the existing team or hiring someone from outside, from a financial perspective   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Bitcoin is posited to be the foundation for a new global financial system, which is being more readily accepted by the younger, tech-savvy generations. Bitcoin mining is compared to the oil refining industry of the past, indicating its potential for massive growth and importance in the digital age. The episode explores the three key competitive advantages for Bitcoin miners: operational capacity, access to capital, and equipment availability. Insights into how Bitcoin miners generate revenue through mining new Bitcoin and by collecting transaction fees on the network. The guest emphasizes the importance of a CEO's role in the success of a Bitcoin mining company, noting operational expertise and sound financial management as critical factors.   Chapters: Timestamp Summary 0:00:05 Introduction and disclaimer about investment advice 0:00:38 Introduces the topic of bitcoin mining 0:01:48 Discusses the principles of investing and the value of bitcoin 0:04:24 Explanation of the importance of a solid financial system and the role of bitcoin 0:06:22 Discussion on how bitcoin mining helps stabilize energy grids 0:08:17 Comparison of bitcoin mining to John D. Rockefeller’s oil refining business 0:11:00 Explanation of the role of bitcoin miners in renewable energy 0:13:12 Overview of the opportunities and competitive edge in bitcoin mining 0:15:20 How to evaluate bitcoin miners 0:15:56 Sources of revenue for bitcoin miners 0:16:29 Importance of competitive advantages for bitcoin miners 0:17:27 Transaction fees for bitcoin miners 0:18:12 Importance of vertical integration for bitcoin mining companies 0:19:33 The significance of listening to the CEO of a bitcoin mining company 0:21:15 Bitcoin mining as a profitable opportunity 0:21:49 Conclusion and final thoughts 0:22:16 Disclaimer and past performance disclosure   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Orgasms provide substantial health benefits that aid in relaxation and stress reduction, including hormone balance and reduced cortisol levels. Sexual confidence and a well-rounded sexual education significantly contribute to mental wellness and relationship satisfaction. Men often bear misconceptions about sex, its consequences, and the physiology of their partners, which can lead to decreased enjoyment and increased stress. Vulnerability can be a man's superpower, offering therapeutic benefits and fostering deeper connections with others when shared responsibly on platforms with influence. Personal experiences of failure and growth, when shared openly, can have a transformative impact on the sharer as well as the broader community.   Chapters: Timestamp Summary 0:00:00 Introduction to the conversation and the topic of sex education 0:01:10 The healing benefits of orgasm for relaxation and stress reduction 0:02:43 Goody Howard’s personal journey into sex education 0:06:08 The importance of understanding and educating about pleasure and partner’s bodies 0:07:48 The impact of sexual confidence and societal pressures on mental wellness 0:10:56 The cycle of stress and lack of sex in relationships 0:11:27 Addressing issues of erectile dysfunction and sexual satisfaction 0:11:27 How to help couples prioritize pleasurable and relaxing sex 0:12:18 Importance of equitable division of labor in a relationship 0:13:09 Suggestion to have sex before going out on a date night 0:13:49 Initiate sex every 72 hours for a month to improve relationship chemistry 0:14:56 Fixing sexual problems with non-sexual solutions 0:15:21 Common misconceptions about sex and relaxation 0:15:55 Importance of using lubricant for self-pleasure 0:16:44 Benefits of masturbation for mental wellness and relationship dynamics 0:17:46 Misconception that self-pleasure doesn’t exist in a healthy relationship 0:18:39 Importance of pleasure and connection beyond orgasm 0:19:14 Impact of sexual orientation and trauma on mental health 0:19:48 Physical benefits of orgasm on mental wellness 0:21:27 Introduction of Nate Copman and the power of vulnerability 0:22:08 Healing through vulnerability and its impact on men 0:22:42 Nate shares his life-changing experience of vulnerability after his divorce. 0:23:21 Discussing the importance of vulnerability and the therapeutic effect it had on him. 0:24:13 Explanation of why his vulnerability resonated with people and the impact it had on them. 0:25:56 Reflection on the responsibility of his influence and how he uses it for good. 0:27:50 How vulnerability helped him express himself and avoid negative outlets. 0:29:10 Not being influenced by others’ judgments and focusing on his own well-being. 0:30:19 The importance of doing what’s best for oneself regardless of others’ opinions.   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.   Note: Explore our Health Series on YouTube for a visual supplement to the podcast. Enjoy a more comprehensive experience by watching the videos. Your well-being matters to us—happy listening and watching!

Key Takeaways: A strong operational foundation and solid financials are key when seeking private equity. Technology firms and consumer products are leading the charge in attracting investments in 2024. Consider the dynamic of involving friends and family as investors; weigh the personal risks versus the financial benefits. Self-sufficiency is attractive to investors — businesses that don't rely heavily on external funding are more likely to secure investment. The current market conditions necessitate a shift towards patient operation and imaginative solutions to optimize business potential. Chapters: Timestamp Summary 0:00:05 Introduction and disclaimer 0:01:58 Private equity trends for 2024 0:03:49 Tech firms and consumer products are popular for investments 0:05:20 Making a business more attractive to investors 0:07:08 Considering friends and family as investors 0:09:25 The importance of patience and creative imagination 0:10:29 Building a strong business foundation 0:11:50  Managing expectations and emotions when taking on investors 0:12:57 Aligning values with potential investors   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: The emergence of trillion-dollar corporations is not unlikely in the near future, as companies like Apple and Tesla grow in market value. Traditional measurements of money and wealth are influenced by "nerd math," a concept used by those in power to manipulate financial systems. Despite fluctuations and imbalances created by such systems, global wealth and resources are inherently abundant and follow natural cycles. Understanding historical patterns of wealth and the relative value of money across time frames can provide insights for modern wealth-building strategies. Transitioning to a new economy opens opportunities for investments in future technologies like autonomous driving and digital currencies.   Chapters: Timestamp Summary 0:00:05 Introduction and disclaimer about investment advice 0:00:38 Introduction to the topic of the age of trillionaires 0:02:03 Discussion on the first billion dollar corporation 0:03:07 Importance of steel and energy in the 19th century industrial economy 0:05:17 Explanation of debt-based systems and money printing 0:07:01 Comparison of money to water and time 0:08:38 Discussion on the purpose of money and decision making 0:10:13 Explanation of nerd math and its impact on natural systems 0:12:52 Connection between power, wealth, and manipulation of money supply 0:14:58 Insight into the current state of global economies and the role of money printing 0:15:33 Debate on who was wealthier: Mansa Musa, King Solomon, John D. Rockefeller, or Elon Musk 0:16:31 The richest people throughout history were all relatively the same in terms of wealth 0:17:28 Perspective on the value of a trillion dollars and large companies 0:19:56 The changing economy and the potential for new opportunities to build wealth 0:20:26 The importance of understanding the preferences of the current generation 0:22:14 The mindset of Caesar and the control exerted by those in power 0:23:48 The concept of money changers and the role of centralized authorities 0:25:28 Following the flow of money and recognizing abundance 0:26:38 The age of trillionaires and the potential for companies to be worth trillions 0:27:35 Closing remarks and advice on building wealth   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: A balanced approach to decision-making that harmonizes data with creativity and emotional intelligence is critical for true wealth building. Historical biases and present market misunderstandings can be overcome by those who use imaginative thinking in financial opportunities. Nerd math, or the reliance on past data without considering imagination or feelings, can lead to biased conclusions and missed opportunities. Bitcoin and digital currencies represent the new foundation for wealth in a digital economy, mirroring the historical role of gold and real estate in balancing paper currency. The evolving energy markets and the growth of bitcoin mining underscore the unprecedented opportunities for those willing to challenge conventional wisdom.   Chapters: Timestamp Summary 0:00:05 Introduction and disclaimer about the podcast content 0:00:37 Stonehill Wealth Management and the purpose of the podcast 0:01:16 The concept of “nerd math” and its limitations discussion 0:03:12 Explaining the difference between the reason mind and the imagination 0:04:42 The story of Cain and Abel as an example of nerd math 0:07:47 Discussing the limitations of using data and algorithms in dating 0:09:02 Exploring the mindset of accumulation vs. attraction in wealth 0:10:33 Highlighting the abundance and potential for wealth in the world 0:12:31 Addressing biases and limitations of using past data in decision-making 0:13:05 Phillip challenges the assumptions made by a franchise based on past data 0:13:31 The importance of imagination and creativity in making money in the future 0:14:20 The misconception about bitcoin mining and its potential for energy solutions 0:15:32 The example of a bitcoin mining operation in Corsicana, Texas 0:16:24 The challenge of balancing energy capacity and cost in town development 0:17:32 How a bitcoin miner can reduce energy costs for a town and attract more businesses 0:19:20 The role of bitcoin as a scarce resource and foundation for the digital economy 0:21:15 The power of belief in determining the value of money 0:21:48 The importance of imagination in understanding the potential of bitcoin 0:22:18 Disclaimer and advice on consulting a financial advisor   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Financial independence is best pursued through avenues that resonate personally and are driven by genuine interest and enjoyment. Budgeting success is closely tied to self-appreciation and reduction in expenditure driven by societal pressure or a quest for external validation. The value backing assets like bitcoin is fundamentally based on collective belief and the perceived benefits offered by the asset. A multitude of investment opportunities exists in the rapidly changing world, including digital currencies, women's sports, real estate, AI, media, and sports betting. Leveraging emotional intelligence in financial decision-making can simplify the overwhelming influx of information and lead to more aligned and successful investments.   Chapters: Timestamp Summary 0:00:05 Introduction and disclaimer 0:00:38 Introduction to the topic of becoming financially independent 0:02:20 Importance of finding a path to wealth that aligns with personal interests 0:04:18 Emphasizing the need to enjoy the journey to financial independence 0:06:47 Overcoming external judgment and expectations in the pursuit of wealth 0:09:19 Appreciating what one currently has as a foundation for budgeting 0:11:43 Budgeting becomes easier when the desire for external validation is reduced 0:13:35 The value of Bitcoin is based on belief and scarcity 0:14:34 Building a city that attracts high-income digital earners 0:15:17 Belief as the driving force behind the value of assets 0:16:23 Bitcoin as a neutral collateral for a financial system 0:17:45 Various investment opportunities in the new world 0:20:37 Importance of emotional intelligence in wealth management 0:24:19 Using emotions as a guide to find winning investment ideas   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Employees should regularly review their pay stubs to confirm accurate salary, tax withholdings, and benefit allocations. Life events such as marriages or having children can impact employee benefit enrollment, necessitating a careful review of changes. Proactively monitoring pay stubs can help uncover missed compensation and prevent surprise tax bills at the end of the year. Planning ahead for tax season, even early in the year, can significantly ease the financial burden come December. Tax planning and paycheck review services are available for those who find the task daunting, with experts like Allison ReiffMartin CPA, ready to assist.   Chapters: Timestamp Summary 0:00:42 Introduction to the topic of preparing for taxes by December 31 0:01:18 Importance of understanding and checking pay stubs 0:03:14 Story about people not being paid what they were promised 0:05:05 Checking employee benefits packages and adjusting withholdings 0:06:40 Reminder to start planning for personal tax returns in March and April 0:07:51 Contact information for more assistance and discussion 0:08:09 Disclaimer and end of the conversation   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways: Wealth can be built within the established systems, but biases and limitations can hinder progress. Pursuing opportunities outside of traditional systems can lead to uninhibited wealth generation through innovative channels. Open-mindedness and adaptive strategies are pivotal in positioning oneself for financial success in a rapidly evolving economic landscape. Investment in personal education and staying at the forefront of technology, like AI, can provide a competitive edge. Love and cooperative attitudes transcend biases, fostering a more inclusive and bountiful economic environment for all.   Chapters: Timestamp Summary 0:00:05 Introduction and disclaimer about investment advice 0:00:38 Introduction to the topic of building wealth within or outside the current system 0:03:15 Discussion on biases and the current system 0:05:01 Exploring the concept of building wealth outside the system 0:06:38 Using the example of bitcoin to illustrate cooperation outside the system 0:09:28 Challenging traditional wealth management practices 0:11:00 Emphasizing the importance of being a good person within legal boundaries 0:12:09 Rethinking the traditional education system 0:13:16 Highlighting the limitations of closed system thinking 0:13:50 Reason vs. imagination as the mind’s organizer of facts and creative energy 0:14:19 Teaching children to think with an open mind and not limit themselves to reason 0:16:10 Building wealth and financial freedom through innovation and open-mindedness 0:17:26 Examples of unconventional ways to build wealth quickly 0:19:04 The importance of an open mind and embracing change 0:21:33 Biases and diversity in building wealth and cooperation in economies 0:23:00 The message of love and acceptance for Valentine’s Day 0:23:53 Moving forward with an open and evolving mind 0:24:08 Disclaimer and closing remarks Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.