Podcasts about moneywise

The Money Wise guys kick this week's episode off with another market review. Last week the markets pulled back, with the Dow down 1.3%, the S&P 500 off by 0.4%, and the NASDAQ falling 0.6%. Despite encouraging inflation data, specifically favorable CPI and PPI readings, geopolitical tension in the Middle East quickly overshadowed the good news. Thursday night's developments between Israel and Iran led to Friday's market drop, with investors hesitant to hold positions over the weekend. The guys discuss how these types of events often spark short-term volatility, not long-term shifts, and share insight into recent rebalancing decisions involving oil and gas positions. Later in the show they delve into insurance-based investment products, often favored by legacy firms, but not always in clients' best interest. Insurance-Based Investments Insurance-based investments, like variable annuities and equity-indexed products, are often pitched as safe, reliable options, especially by legacy firms. But behind the promises can lie high fees, long lock-up periods, and limited transparency. As discussed in this week's episode, these products may serve the salesperson more than the investor, offering hefty commissions without always aligning with a client's financial goals. It's essential to look beyond the sales pitch and evaluate whether these tools truly support your long-term strategy. In the second hour, the Money Wise guys explore RIA vs. Broker. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Moneywise Radio Show and Podcast Wednesday, June 11th  BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Guys" podcast call: 661-847-1000 text in anytime: 661-396-1000 website: www.MoneywiseGuys.com facebook: Moneywise_Wealth_Manageme

Confused about what index funds really are? You're not alone. In this episode of the Moneywise Podcast, Mehul Shah, Financial Advisor and Designated Partner at RIQR LLP, helps demystify index funds. With over 20 years of experience, he explains how these funds work, why they're gaining popularity, and who they're suited for. Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.

In the week that just passed, the markets posted another strong week, capping off a resilient stretch that's pushing all three major indexes back into positive territory for the year. The hosts discussed how the market recovery—initially doubted to be V-shaped—is indeed shaping up like one, with the S&P 500 now within 2% of all-time highs. A better-than-expected jobs report helped fuel Friday's gains, reinforcing economic strength despite political calls for rate cuts. The conversation also touched on the media drama between President Trump and Elon Musk, whose public fallout briefly rattled Tesla shares before markets recovered. Trump's pressure on the Fed to slash interest rates by a full percentage point drew skepticism, particularly as economic data doesn't yet justify such a move. The team also speculated that the rhetoric may be more about countering economic weakness overseas—especially in Europe, where corporate insolvencies are on the rise—than it is about domestic fundamentals. Global Economic Warnings While U.S. markets showed strength last week, concerns abroad cast a longer shadow. Reports from Europe, particularly Germany, pointed to rising corporate bankruptcies and significant job losses—the most since the 2008 financial crisis. With discussions of massive stimulus measures and tax relief overseas, some analysts wonder whether the U.S. is quietly bracing for ripple effects. Although the American economy appears relatively stable for now, global instability could challenge that narrative in the months ahead. In the second hour, the Money Wise guys share The Best Investment Advice Ever . You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

Alex shares a candid take on the risks behind the rise of Buy Now, Pay Later (BNPL) services like Klarna, Afterpay, and Affirm.Inspired by a recent LinkedIn post and his appearance on the Moneywise for Teens podcast, Alex breaks down why these easy credit options aren't always as harmless as they seem—especially for younger consumers.Learn how BNPL can lead to overspending, credit pitfalls, and long-term financial stress—and why “Save Now, Buy Later” is a far better mantra.Take a Survey for a Chance to WinHey friends—can you do me a quick favor? I'm running a short survey to get your take on my podcasts and ⁠⁠All the Fits That's News⁠⁠ newsletter. It only takes about 2 minutes, and your feedback will help shape what comes next.Whether you're a regular listener or just pop in occasionally, I'd really value your input. Bonus: you can enter to win a $20 Amazon gift card just for participating.The survey closes once we hit our target number of responses—or by June 30, 2025, whichever comes first.

The Money Wise guys kick off this week's episode with a reflection on last week's numbers from Wall Street. They report that the markets closed out May on a high note, with all three major indices posting solid weekly gains and even stronger monthly returns. The Dow rose 1.6%, the S&P 500 climbed 1.9%, and the NASDAQ led the charge with a 2% increase. For the month of May, the NASDAQ soared 9.6%, the S&P 500 jumped 6.2%, and the Dow finished up 3.9%. The team goes on to highlight the second revision of Q1 GDP and the latest core PCE reading—formerly the Fed's go-to inflation gauge. With year-over-year PCE now at 2.1%, the data suggests inflation is nearing the Fed's 2% target, igniting debate about when rate cuts may finally happen. However, the media continues its gloom-heavy narrative, with financial figures like Jamie Dimon casting shadows of stagflation and looming bond market stress, despite signs of economic resilience. Later in the show, the team does a deep dive into proper portfolio construction, because how your investments are structured can make or break your financial goals.  A Gloomy Wall Street Despite the strong performance across the markets in May, Wall Street sentiment remains surprisingly downbeat. Financial media and major voices like Jamie Dimon continue to push cautionary narratives, raising concerns about stagflation, cracks in the bond market, and long-term economic risks. Even as inflation readings like the core PCE show progress toward the Fed's target, the tone from many in the financial world leans more pessimistic than the data might warrant. It's a reminder that headlines often lag reality, and that investors need to stay focused on facts, not fear. In the second hour, the Money Wise guys discuss Equity Index Annuities. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Moneywise Radio Show and Podcast Tuesday, May 27th BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Guys" podcast call: 661-847-1000 text in anytime: 661-396-1000 website: www.MoneywiseGuys.com facebook: Moneywise_Wealth_Manageme instagram: MoneywiseWealthManagement Guest: Zane Smith, Executive Director at the Boys + Girls Club of Kern County website: www.bgckc.org/  

In the final message of the Money Wise series, Brian talks about our financial relationship with God and giving to the church.

Markets took a hit last week as the Dow fell 2.5%, the S&P 500 dropped 2.6%, and the NASDAQ slipped 2.5%. While early-week momentum was positive, the tone shifted sharply after President Trump posted on Truth Social Friday morning, announcing a potential 50% tariff on EU imports and a 25% tariff on foreign-made iPhones—news that sent markets into the red ahead of the long weekend. The Money Wise guys emphasize that unexpected announcements like this, especially during thin trading before holidays, tend to spook investors and contribute to volatility. They also touch on broader media narratives that resurfaced concerns about the national deficit, potential downgrades to U.S. credit, and Social Security stability—longstanding fears that have persisted for decades. The team reminds listeners that these recurring headlines often stir emotions, but rarely reflect immediate threats to the markets. As always, the guys encourage maintaining a long-term perspective, staying grounded, and tuning out the financial “noise” that distracts from sound investment decisions. Tech Takes the Spotlight While the broader market slipped heading into the long weekend, tech stood out as a focal point of the conversation. From tariff threats on imported iPhones to questions around Apple's international manufacturing, technology companies found themselves in the political crosshairs once again. But beyond the headlines, it's clear that tech still plays a critical role in market momentum—both as a driver of volatility and a source of long-term growth potential. In the second hour, the Money Wise guys divulge what Wall Street Won't Tell You. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

In part 4 of the Money Wise series, Brian talks about God's role and impact in our finances sharing stories that exemplify this that are found throughout the Bible.

The Money Wise guys kick off this week's episode by celebrating a strong rally in the markets and declaring the "tariff tantrum" officially over. The Dow surged 1,405 points (3.4%), the S&P 500 gained 298 points (5.3%), and the NASDAQ jumped 1,282 points (7.2%). That brought the Dow and S&P into positive territory for the year—up 0.3% and 1.3% respectively—while the NASDAQ is now down just 0.5% year-to-date. The spark for this surge? Productive trade talks in Switzerland between Treasury Secretary Bessette and Chinese officials, which resulted in a 90-day pause on the harshest proposed tariffs. The guys have long suspected those extreme tariffs would never be implemented, and the market's sharp V-shaped rebound has affirmed that outlook. They also discuss how the S&P 500 successfully broke through technical resistance at the 200-day moving average, signaling renewed strength in the market's momentum. Despite ongoing media skepticism and the likelihood of more headline-driven bumps ahead, the team is optimistic that the worst of the tariff-related fear is in the rearview mirror. They note that there's still room for growth, with the S&P 500 about 3% off its February highs and the NASDAQ still 4.5% below its recent peak. As trade tensions ease, attention is beginning to shift toward domestic policy—particularly the proposed “big beautiful tax bill,” which has hit some pushback. While it's a work in progress, the market hasn't reacted negatively to political debate, another encouraging sign for investors moving forward. Recovery Taking Shape  After weeks of uncertainty and technical stagnation, the market finally broke through resistance at the S&P 500's 200-day moving average, confirming a V-shaped recovery. The Dow, S&P, and NASDAQ all posted major gains on the week, bringing the indexes closer to their previous highs. While there's still ground to cover—the S&P is about 3% off its February peak, and the NASDAQ is 4.5% below its December high—the team emphasized that recovery isn't just about bouncing back, but continuing to build. With technical strength returning and investor sentiment improving, the foundation is being laid for a new phase of growth. In the second hour, the Money Wise guys explore RIA vs. Broker. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

Host: Helene Reynaud Guest: Ken Christoff Air date: May 12, 2025

The Moneywise Radio Show and Podcast Tuesday, May 13th BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Guys" podcast call: 661-847-1000 text in anytime: 661-396-1000 website: www.MoneywiseGuys.com facebook: Moneywise_Wealth_Manageme instagram: MoneywiseWealthManagement Guest: John Cox, Business Editor for the Bakersfield Californian website: www.Bakersfield.com  

In part 3 of this series on money, Brian talks about debt and contentment highlighting how the Bible talks about incurring no debts and to fight against greed.

This week on Money Wise, the “three amigos” take over hosting duties to break down another relatively quiet but technically meaningful week on Wall Street. The Dow dipped slightly by 0.16%, the S&P 500 slipped 0.47%, and the NASDAQ fell just 0.27%. Year-to-date, the major indexes are still in negative territory, with the Dow down 3%, the S&P down 3.8%, and the NASDAQ down 7.2%. Despite the modest weekly moves, the team points to an important technical development: the S&P 500 moved above its 50-day moving average, creating a new level of support, but continues to face resistance at the 200-day moving average. They liken the current market pattern to a “cha-cha” or a truck stuck in the mud, moving sideways until there's more clarity on trade negotiations—particularly with China. The Money Wise guys discuss how upcoming meetings between U.S. officials and Chinese trade representatives could play a key role in determining whether the market breaks out of its current range. While headline noise continues, the team believes we may already be past the worst of the negative sentiment. April's market performance—down less than 1% despite volatile news flow—was cited as evidence of resilience. With the S&P 500 still 7.9% off its February highs, the guys emphasize that there's still plenty of room for growth and encourage investors not to assume they've “missed” the recovery. Their closing message: stay level-headed, tune out the media spin, and lean on long-term fundamentals. Trade Deal Hopes The Money Wise guys emphasize the significance of upcoming trade negotiations between the U.S. and China, noting that a well-received framework could be the catalyst markets need to break out of their current sideways pattern. With Secretary Bessette expected to meet with Chinese officials, early talks are focusing on de-escalating current tariff measures before diving into a more comprehensive trade plan. The guys believe that a positive outcome—especially one that avoids reinstating the harsher tariffs previously announced—could ease investor anxiety and inject new momentum into the market. While political noise will likely continue, they point out that both economic and political pressures make it unlikely that the full slate of punitive tariffs will be enforced. If meaningful progress is made, it could help the S&P 500 push past its 200-day moving average and reignite broader investor confidence. In the second hour, the Money Wise guys share The Best Investment Advice Ever . You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

Host: Mindy McCulley, MS Extension Specialist for Instructional Support, Family and Consumer Sciences Extension, University of Kentucky   Guests: Kerri Ashurst, PhD, Senior Extension Specialist for Family and Relationship Development and Kristen Jowers, MS Extension Specialist for OneOp Season 7, Episode 45 Welcome to another episode of Talking FACS. In this episode, we prioritize experiences over expenses in family vacations. Join host Mindy McCulley, Extension Specialist at the University of Kentucky, as she explores ways to enjoy unforgettable family trips without overspending with Dr. Kerri Ashurst and Kristen Jowers.  Our guests share their expertise on managing vacation budgets, strategies to choose affordable destinations, save on accommodations, manage meal costs, and avoid travel scams. From planning road trips to exploring your own backyard, learn how to make the most of your travels while keeping expenses in check. Plus, discover military family camping programs offering valuable experiences for service members and their teens. Tune in for essential tips to enhance your family's travel experiences without turning over your wallet. For more information about this topic and other MoneyWi$e topics, visit: MoneyWi$e Newsletter MoneyWi$e Website For more information about Military Adventure Camps: Military Teen Adventure Camps (MTAC)website Military Teen Adventure Camps One Op Podcast Listen more about exploring the great outdoors: The Great Outdoors Boosts our Mental Health Connect with FCS Extension through any of the links below for more information about any of the topics discussed on Talking FACS. Kentucky Extension Offices UK FCS Extension           Website           Facebook           Instagram           FCS Learning Channel  

In part two of the Money Wise series, Brian talks about how money is good but we must be very careful about our heart posture towards it.

This week on Money Wise, the guys recap another positive stretch for markets as the Dow climbed 1,204 points (3%), the S&P 500 rose 161 points (2.9%), and the NASDAQ jumped 595 points (3.4%). Despite ongoing tariff worries, the indexes continue to recover from earlier declines. Year-to-date, the Dow remains down 2.9%, the S&P 500 is off 3.3%, and the NASDAQ is still down 6.9%. April itself ended with mixed results — while the Dow and S&P were slightly negative, the NASDAQ managed a modest gain, highlighting how quickly sentiment has shifted. The Money Wise guys point to the market's nine-day winning streak as a reminder of why emotional investing and market timing can be dangerous. Investors who stepped aside during the tariff turmoil likely missed a major rebound, reinforcing the team's advice to stay disciplined and diversified. Much of the discussion centers around the ongoing trade situation and its evolving impact on market dynamics. While uncertainty remains, the guys are cautiously optimistic that the harshest tariff measures may never materialize. They emphasize that with 60 days left in the current negotiating window, many global trading partners — especially China — appear motivated to reach deals. Recent headlines, such as China's willingness to discuss fentanyl trade issues, fueled hopes of progress. The team also acknowledges political considerations, noting that with midterms approaching and tax policy goals on the table, President Trump may be inclined to soften tariff plans to avoid jeopardizing economic momentum. In short, while headline risk remains, the market's resilience and improving breadth suggest investors should stay focused on fundamentals and avoid reacting emotionally to every twist in the news cycle. The 90-Day Tariff Countdown The Money Wise guys spotlight the ongoing 90-day tariff countdown, emphasizing how it continues to hang over the market and shape investor sentiment. While uncertainty remains, they express confidence that the harshest tariff measures announced on April 2 may ultimately never be implemented. With about 60 days left in the negotiation window, key trading partners—especially China—are showing signs of willingness to come to the table, evidenced by recent talks around sensitive issues like fentanyl. The hosts note that political pressures, including upcoming midterm elections and the desire to push tax legislation forward, may further motivate President Trump to ease or delay tariff plans. For now, the countdown keeps markets headline-driven, but the team believes an all-out tariff escalation remains unlikely. In the second hour, the Money Wise guys discuss Equity Index Annuities. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

Today, I share with you a recent interview I gave for Krish on his podcast MoneyWise. Krish is a teenage financial podcaster and we discussed success strategies for teens. Originally published here: https://open.spotify.com/episode/5xKPog3DjtQRQ4tJr1aoMy 

The Moneywise Radio Show and Podcast Tuesday, April 29th BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Guys" podcast call: 661-847-1000 text in anytime: 661-396-1000 website: www.MoneywiseGuys.com facebook: Moneywise_Wealth_Manageme instagram: MoneywiseWealthManagement Guest: John Duffield, CPA/MST website: www.bakersfieldaccountants.com/ phone: 661-488-7000

This week we are starting a new series about money but ultimately it's a series about the deepest places of our hearts.

This week on Money Wise, the team recaps a strong rebound for the markets. The Dow rose 971 points (2.5%), the S&P 500 gained 243 points (4.6%), and the NASDAQ jumped 1,096 points (6.7%). Year-to-date losses are still present—with the Dow down 5.7%, the S&P down 6.1%, and the NASDAQ down 10%—but the gap from all-time highs is closing. The S&P and Dow are each about 10–11% off their highs, and the NASDAQ has improved significantly, now only about 14% off. Much of the rally was attributed to strong earnings results, particularly from the "Magnificent 7" tech stocks, which have contributed 14.8% of the S&P 500's first-quarter earnings growth so far. The Money Wise guys also reflect on the week's political drama, with markets initially rattled after President Trump's comments about firing Fed Chairman Powell, leading to a sharp 1,000-point drop in the Dow. However, calmer voices—particularly Treasury Secretary Bessette—seemed to prevail, with Trump later walking back his comments, helping markets rebound. The guys emphasize that while the market is still dealing with the fallout from the ongoing tariff issues, earnings season offers real opportunities, especially beyond the top tech names. Their reminder to investors: stay focused on fundamentals and don't let headline-driven volatility knock you off course. Earnings Season Kicks Off Starting off the show, the Money Wise guys highlight that earnings season is now in full swing, bringing a critical shift in market focus away from political headlines and back toward company fundamentals. They point out that while the "Magnificent 7" tech stocks have driven much of the early earnings growth—contributing nearly 15% so far—the broader market is starting to show more opportunities beyond just big tech. With major companies like Amazon, Apple, and Microsoft reporting in the coming days, the team emphasize that this is the "meat and potatoes" part of earnings season, where real market leadership and broader participation could start to emerge. In the second hour, the Money Wise guys divulge what Wall Street Won't Tell You. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

This week on Money Wise, the team recaps another choppy stretch for the markets as the Dow dropped 1,070 points (2.7%), the S&P 500 fell 81 points (1.5%), and the NASDAQ lost 438 points (2.6%). Year-to-date, losses continue to deepen with the Dow down 8%, the S&P 500 down 10.2%, and the NASDAQ down 15.7%. The Money Wise guys agree that we remain in the thick of what they're calling a “tariff tantrum,” with ongoing headline-driven volatility and no clear end in sight. Trading volume has fallen below average on both the buy and sell sides, signaling that many investors are taking a wait-and-see approach as negotiations with global trading partners get underway. The team discuss the likelihood of an "L-shaped recovery" rather than a fast V-shaped rebound, emphasizing that uncertainty around tariff negotiations is keeping markets stuck in a sideways trading range. While there's cautious optimism that some policies may shift or soften—especially as pressure builds heading into the 90-day trade negotiation deadline—they note that confidence among institutional investors remains low. Still, there are selective opportunities emerging in beaten-down sectors like tech, and the Money Wise guys have been making targeted moves. Their takeaway: In a market this headline-sensitive, discipline, diversification, and emotional restraint remain essential. The L-Shaped Recovery Debate The Money Wise team explores the idea of an "L-shaped recovery," contrasting it with the swift, V-shaped rebound seen during the COVID-era downturn. In this scenario, the market experiences a sharp drop followed by a prolonged period of stagnation, rather than a quick climb back. With investor confidence shaken and uncertainty lingering around ongoing tariff negotiations, the guys agree this slower, flatter trajectory may be more realistic. They point to low trading volume and lack of decisive direction as signs that many investors are in a holding pattern—waiting for clarity before reentering the market in a meaningful way. In the second hour, the Money Wise guys explore RIA vs. Broker. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

Host: Helene Raynaud Guest: Marc Summers Air date: Apr 14, 2025

Ever been scammed out of something you were excited about? Pastor John shares a true (and slightly painful) story that led to a powerful lesson on trust, generosity, and God's blessing. Discover how giving faithfully can open the floodgates of heaven, and why stocking up the storehouse isn't just about money, it's about faith.

As always, the Money Wise guys kick off this week with a look into the numbers from Wall Street. Thankfully, the markets delivered a dramatic turnaround, with the Dow up 1,898 points (5%), the S&P 500 gaining 289 points (5.7%), and the NASDAQ soaring 1,137 points (7.3%). While year-to-date numbers remain negative—Dow down 5.5%, S&P 500 down 8.8%, and NASDAQ down 13.4%—the guys unpack what they call one of the wildest weeks in market history, particularly Wednesday's rally, which ranked among the top 10 point gains for the Dow. The Money Wise guys compare the volatility to COVID-era swings but emphasize that this time, the chaos is largely self-inflicted—driven by headlines, tweets, and the ongoing uncertainty surrounding Trump's tariff plans. Much of the conversation focuses on how investor emotions—from despair to euphoria—can wreak havoc in volatile environments like this. The team stress the importance of staying invested and not letting fear drive decisions, citing that missing just a few of the market's biggest up days can drastically cut long-term returns. They also discuss Trump's strategic pivot on tariffs, which may lead to long-term benefits—including potential revenue generation to extend tax cuts. With policy uncertainty still hanging over the markets, they want to remind listeners that disciplined, balanced investing is more important than ever—especially when a single tweet can send stocks soaring or crashing. Emotional Investing This week, the Money Wise team emphasizes that emotional investing is one of the most damaging habits an investor can fall into—especially during volatile periods like this. Making decisions based on fear, panic, or even excitement can lead to costly mistakes, such as pulling out of the market right before a major rebound. They point out that missing just a handful of the market's biggest up days—like this week's historic rally—can drastically reduce long-term returns. In environments driven by headlines and political uncertainty, keeping emotions in check and staying committed to a long-term strategy is key to avoiding self-inflicted financial setbacks. In the second hour, the Money Wise guys share The Best Investment Advice Ever . You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

If you're a founder doing at least $3M/year in sales, check out Hampton: https://www.joinhampton.com/.There is no amount of money that will make you happy. There is also no amount that will stop making you more happy. Both of those things are true.Our producer is not rich. But she has talked to 100+ people who are, and she (I) has learned a lot about your kind (is that wrong to say?).In the Moneywise pilot, we asked the question “at what point will more money stop making you happy”. Turns out, that was a pretty stupid question. So in this episode, we're fixing that.This is an episode of Moneywise unlike any other. This is a solo essay-style inside-outsider's take on wealth and happiness, based on the past year of peaking behind the curtain at what truly makes millionaires lives better… and worse. Backed up by quotes from our guests and of course, real studies.Here's what we talk about:Money doesn't make you happy. It can only remove stress.The “happiness number” is a myth but knowing your “freedom number” changes everything.Most people don't want money, they want the freedom they think money will give them.Hitting your financial goal won't feel like you imagined.Founders often feel lost post-exit because they unknowingly traded hope for cash.Wealth adds new stress.Money can't buy you meaningful experiences, and you need to stop thinking it can.If you expect money to do the emotional heavy lifting in your life, you will never be satisfied.Money is the key, not the door. It unlocks your potential but it won't add anything more to your life.Cool Links:Hampton https://www.joinhampton.com/Lower Street https://www.lowerstreet.co/Chapters:(00:00) Introduction and Confession(00:35) Reflecting on 50 Episodes(02:24) Revisiting the Happiness Threshold(03:09) Money as a Subtractive Tool(03:48) The Freedom Number vs. Happiness(05:07) Studies and Research on Wealth and Happiness(14:39) The Hedonic Treadmill and Wealth's Paradox(17:45) Hope and the Entrepreneur's Journey(25:26) Concluding Thoughts and Freedom NumbersThis podcast is a ridiculous concept: high-net-worth people reveal their personal finances.Inspired by real conversations happening in the Hampton community.You Host - Jackie LamportNot really the host, but the producer.Wrote this sentence.Older than I appear, I promise.References:Kahneman, D., & Deaton, A. (2010). "High income improves evaluation of life but not emotional well-being." Proceedings of the National Academy of Sciences, 107(38), 16489-16493. DOI: 10.1073/pnas.1011492107Jebb, A. T., Tay, L., Diener, E., & Oishi, S. (2018). "Happiness, income satiation and turning points around the world." Nature Human Behaviour, 2, 33-38. DOI: 10.1038/s41562-017-0277-0Killingsworth, M. A. (2021). "Experienced well-being rises with income, even above $75,000 per year." Proceedings of the National Academy of Sciences, 118(4). DOI: 10.1073/pnas.2016976118Link, B. G., Phelan, J., Bresnahan, M., Stueve, A., & Moore, R. E. (1995). American Journal of Orthopsychiatry, 65(3), 347-354. DOI: 10.1037/h0079653Donnelly, G. E., Zheng, T., Haisley, E., & Norton, M. I. (2018). "The Amount and Source of Millionaires' Wealth (Moderately) Predicts Their Happiness." Personality and Social Psychology Bulletin, 44(5), 684-699. DOI: 10.1177/0146167217746340Luthar, S. S., & Becker, B. E. (2002). "Privileged but Pressured? A Study of Affluent Youth." Child Development, 73(5), 1593-1610. DOI: 10.1111/1467-8624.00492.

This week, the Money Wise guys focus on one of the most volatile market stretches in recent memory, as the Dow dropped 3,269 points (7.9%), the S&P 500 fell 507 points (9.1%), and the NASDAQ plunged 1,735 points (10%). Year-to-date numbers now show steep losses, with the Dow down 9.9%, the S&P down 13.7%, and the NASDAQ down 19.3%. The team zero in on what they dubbed the “tariff tantrum,” triggered by President Trump's trade policy announcements mid-week. Thursday and Friday alone accounted for the #3 and #4 worst point-loss days in Dow history, with the S&P 500 losing a staggering $4.9 trillion in market capitalization across just two sessions. The guys push back against what they called an “asinine overreaction,” blaming politically motivated selling, algorithmic trading, and a media environment eager to cast a negative light on Trump's agenda. They argue the market's response was out of proportion to the actual policy implications and point out that similar trade imbalance issues have persisted for decades without such dramatic selloffs. With fear and sentiment driving the downturn—not fundamentals—the message is clear: stay focused, stay invested, and don't let emotional headlines derail long-term plans. Historic Market Drop The team emphasizes the sheer magnitude of this week's market drop, calling it one of the most historic in recent memory. They highlight that Thursday and Friday marked the third and fourth largest single-day point losses in the history of the Dow, rivaling even the volatility seen during the COVID era. More striking, they note, was the $4.9 trillion in market capitalization wiped out from the S&P 500 alone—just over two days. While acknowledging the seriousness of the decline, they question whether the reaction was proportionate to the news, calling it an emotionally charged overcorrection rather than a reflection of true economic fundamentals. In the second hour, the Money Wise guys discuss Equity Index Annuities. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Moneywise Radio Show and Podcast Thursday, April 3rd  BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Guys" podcast call: 661-847-1000 text in anytime: 661-396-1000 website: www.MoneywiseGuys.com facebook: Moneywise_Wealth_Manageme instagram: MoneywiseWealthManagement

Host: Helene Raynaud Guest: Jason Colunga Air date: Mar 26, 2025

What we do with our money reveals the condition of our hearts. Are we sowing for selfish gain or for God's kingdom? Pastor Jeff T. Osborne unpacks biblical truths about finances, faith, and the law of the seed, showing how generosity and wise stewardship lead to lasting spiritual and financial abundance. Discover how the seeds you plant today will shape your future and eternity!

This week, the Money Wise guys analyze a volatile market week, with the Dow down 1%, the S&P 500 down 1.5%, and the NASDAQ dropping 2.6%. A “buyer strike” seemed evident, with the last three trading days seeing unusually low volume, suggesting traders are waiting for clarity on April 2—dubbed "Liberation Day"—when new tariff policies may take shape. The discussion highlights how sentiment, often driven by media narratives and economic indicators like the Michigan Consumer Sentiment Index and PCE inflation data, continues to fuel market swings. Friday saw another sharp decline, which the guys attribute to knee-jerk reactions rather than fundamental shifts. The team emphasizes the challenge of navigating a market increasingly influenced by headlines rather than hard data. ‘Liberation Day' Anticipation “Liberation Day,” a term jokingly given to April 2, refers to the hope that markets might finally break free from the constant barrage of tariff-related headlines. The Money Wise guys express frustration with how trade policy news has dominated market sentiment, creating heightened volatility. They note that traders seem to be holding back, waiting to see how the administration's next moves unfold before making big market decisions. The guys speculate that if the April 2 announcement brings clarity and stability, it could provide much-needed relief from the uncertainty that has weighed on investor emotions throughout the quarter. However, they also acknowledge that if the announcement sparks more confusion, the cycle of sentiment-driven market swings could continue. In the second hour, the Money Wise guys divulge what Wall Street Won't Tell You. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise guys open this week's episode with a look at last week's market performance, which saw a modest rebound. The Dow climbed 497 points (1.2%), the S&P 500 added 29 points (0.5%), and the NASDAQ rose 30 points (0.2%). Despite the uptick, year-to-date numbers remain in the red: the Dow is down 1.3%, the S&P 500 is down 3.6%, and the NASDAQ is down 7.9%. The discussion focuses on Friday's "triple witching" volatility, which brought significant buying volume—92% above the daily average—and helped markets finish the week strong. While the rally was welcomed, the guys caution that continued volatility is likely, especially as we enter earnings season and companies may take advantage of lower stock prices to release less-than-stellar news. A major theme of the episode was the Federal Reserve's latest meeting, which the Money Wise guys note they barely mentioned in the prior week—a sign, they joke, that “Dad would be proud.” The Fed struck a more dovish tone, with Chairman Powell signaling concerns about economic growth and reducing the Fed's monthly balance sheet runoff from $25 billion to $5 billion. While Powell wasn't fully convinced that upcoming reciprocal tariffs would fuel long-term inflation, the Fed's updated stance and talk of possible rate cuts (now estimated at two in 2025) helped lift market sentiment midweek. However, volatility persisted, and the team emphasizes that the market's reaction was less about surprises and more about the Fed giving investors what they wanted: signs of a willingness to support the economy without appearing overly reactive. Triple Witching Volatility Friday's triple witching—a quarterly event when stock options, index options, and futures contracts expire simultaneously—brought a surge in buying volume, with activity spiking 92% above the daily average. While some of the movement may have been driven by technical factors and short-term positioning, the team notes that it contributed to a strong close that helped markets notch modest weekly gains. This kind of volatility, they emphasize, is exactly what they've been preparing listeners for all year: unpredictable swings driven more by market mechanics and sentiment than fundamentals. In the second hour, the Money Wise guys explore RIA vs. Broker. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise guys return this week to analyze another rough stretch for the markets, with the Dow falling 1,114 points (3.1%), the S&P 500 losing 131 points (2.3%), and the NASDAQ dropping 442 points (2.4%). Year-to-date, the numbers continue to slide, with the Dow now down 2.5%, the S&P 500 down 4.1%, and the NASDAQ sinking 8.1%. The discussion opens with a thought-provoking quote from a JP Morgan analyst, emphasizing that while politics may dominate headlines, the stock market operates independently—driven by earnings, growth, liquidity, and investor confidence. Despite market consensus initially expecting a balance between inflationary and pro-growth policies, investors appear wary of the Trump administration's aggressive stance in its first 50 days, particularly on trade and tariffs. The conversation then pivots to Trump's long-held views on trade, dating back to interviews from the 1980s, and how his current policies reflect a long-standing belief that the U.S. has been taken advantage of by its trading partners. While tariffs and trade battles may cause short-term economic pain and potentially slow growth, the team notes that the odds of a full recession remain below 50%. Additionally, they point out that the Federal Reserve has tools at its disposal—such as pausing quantitative tightening or cutting interest rates—to offset economic pressure if needed. The Money Wise guys speculate that Trump's aggressive trade stance might also serve as a strategic push to force the Fed's hand on rate cuts, especially as inflation pressures tied to housing remain a key concern. With producer and consumer price numbers improving, the message was clear: investors may need to endure short-term volatility for the potential of longer-term market strength. A Wary Market  The team discusses how the market remains wary of Trump's aggressive trade policies, particularly tariffs on key trading partners, which have fueled volatility and investor uncertainty. While some fear these measures could slow economic growth, others see them as necessary to correct trade imbalances. They also note how negative media coverage and escalating tensions have amplified fear-driven selloffs, leading to market corrections that don't always align with economic fundamentals. The key takeaway? Investors should stay focused on long-term strategies rather than reacting emotionally to short-term fluctuations. In the second hour, the Money Wise guys share The Best Investment Advice Ever . You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise guys break down another tough week for the markets, with the Dow dropping 1,039 points (2.4%), the S&P 500 falling 184 points (3.1%), and the NASDAQ sliding 651 points (3.5%). Year-to-date, the Dow remains slightly positive (+0.6%), but the S&P 500 (-1.9%) and NASDAQ (-5.8%) have dipped further into negative territory. With the market entering a correction phase, the discussion turned to historical context—reminding listeners that pullbacks of 5-10% are normal and occur regularly. What makes this correction unique, however, is the overwhelming noise surrounding it, much of which stems from ongoing tariff debates and broader economic uncertainty. The guys note that market sentiment is increasingly driven by headlines, with investors reacting sharply to political narratives rather than fundamentals. Yet, just as quickly as fear has taken hold, a resolution to tariff disputes could send the market soaring again, making emotional reactions a risky approach to investing. Expanding on investor sentiment, the team highlights CNN's Greed and Fear Index, which currently signals "extreme fear" in the markets—mirroring the heightened anxiety seen among investors. They stress that while fear-driven selloffs can snowball, historical patterns show that markets tend to recover from corrections, often rebounding when uncertainty clears. The Federal Reserve's stance remains that inflation from tariffs is likely a one-time price adjustment rather than a long-term concern, though skepticism lingers after past assurances that inflation would be "transitory." Ultimately, the guys urge investors to avoid emotional decision-making, resist the herd mentality, and focus on long-term fundamentals rather than short-term panic. Tariff Turmoil The ongoing tariff debate continues to fuel market volatility, with investors reacting to every new headline despite the lack of concrete long-term impacts. The guys point out that while tariffs have dominated the news cycle, their actual economic effects remain uncertain—especially since past tariffs under different administrations received little media attention. They argue that the market's fixation on trade negotiations is more about political noise than financial fundamentals. A single announcement resolving disputes with Canada, Mexico, or China could trigger a massive market rally, yet many investors are making emotional decisions based on speculation rather than patience. In the second hour, the Money Wise guys share The Best Investment Advice Ever . You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

Chris's Summary: Jim is at yet another industry conference, so Jake is stepping in to join me this week. We pick up where Jim and I left off last time, discussing misleading financial articles. This time, we take a critical look at an article from Moneywise that claims to lay out the “standard” order for […] The post Setting the Record Straight on Clickbait vs Reality: EDU #2510 appeared first on The Retirement and IRA Show.

What does it take to turn a blue-collar business into a billion-dollar empire? For Tommy Mello, the answer is simple: relentless competition, strategic investing, and an unwavering commitment to winning. From painting garage doors to building A1 Garage Doors into a massive industry leader, Tommy has played the long game—and he's not slowing down anytime soon. Tommy's story is one of grit, sacrifice, and scale. He didn't just grow a company; he mastered the art of exiting, reinvesting, and building wealth. Along the way, he's made millionaires out of his employees, leveraged private equity deals to scale faster, and learned how to play the financial game at the highest level. Now, with multiple future exits planned, he's focused on securing generational wealth and creating massive impact. In this episode, you'll learn: How Tommy scaled A1 Garage Doors into a billion-dollar business The sacrifices he made to reach extreme wealth—and why most people won't do it Why he believes every business should be built with an exit in mind How he's creating millionaires inside his company and giving back at scale If you've ever wondered what it takes to go from small business to billionaire status, Tommy's playbook is one you don't want to miss. This is Moneywise, a podcast where hosts Harry Morton and Sam Parr are joined by high-net-worth guests to explore exclusive insights into personal finance and lifestyle tailored for other high-net-worth people, or those on their way. They'll get radically transparent about the numbers, revealing things like their burn rates, portfolios, and spending habits. Who is Harry Morton? Harry Morton is the CEO of Lower Street (https://lowerstreet.co/authority) a company specializing in premium podcast production that he founded to transform brand narratives through audio storytelling. His expertise has made Lower Street a leader in the podcast industry, working with diverse clients from startups to Fortune 500 companies to enhance their market presence and audience engagement. Who is Sam Parr? Sam is a serial entrepreneur and the co-founder of The Hustle, which he sold to HubSpot in 2021. He's also the co-host of one of the world's top podcasts for entrepreneurs, My First Million. Known for his insightful business acumen and candid communication style, Sam Parr continues to be a prominent figure in the world of media and entrepreneurship. Sam's newest and biggest venture yet is Hampton, which he co-founded in 2022. Check out Sam's Companies:  Hampton Sam's List This podcast was made for the Hampton community, a private, highly-vetted, peer membership community for founders and CEOs of fast-growing, tech-enabled startups. Chapters: Tommy's Early Career and Rise to Success (00:33) The Billionaire Lifestyle: Investments and Real Estate (01:15) Building and Exiting A1: The Journey (08:06) Creating Millionaires: Tommy's Philosophy (17:26) The Importance of Discipline and Time Management (22:06) Future Goals and Giving Back (25:04) Conclusion and Final Thoughts (25:29) This podcast was produced in partnership with Lower Street.

The Money Wise guys wrap up February with a look at market performance, noting a mixed week where the Dow rose 413 points (1%), while the S&P 500 and NASDAQ fell 1% and 3.5%, respectively. February was historically in line with expectations as a weak month, with all three major indexes closing lower—down 1.6% (Dow), 1.4% (S&P 500), and 4% (NASDAQ). Despite recent declines, year-to-date numbers remain positive for the Dow (+3%) and S&P 500 (+1.2%), though the NASDAQ sits at -2.4%. The guys highlight the ongoing trading range in the S&P 500, which has been oscillating between 6,100 and 5,775 since December. A notable surge in buying volume on Friday—the highest of 2025—pushed markets higher into the weekend, fueling speculation about whether this was the start of a rebound or merely short sellers covering positions. Beyond the numbers, the conversation turned to the forces driving volatility, from political headlines to month-end hedge fund positioning. A sharp 800-point Dow reversal on Friday, sparked by political drama in the White House, underscored how reactive markets have become to news cycles. The team reiterated that 2025 is shaping up to be a year of heightened swings, driven largely by ongoing speculation about tariffs and Federal Reserve policy. With traders reacting to every development, maintaining a long-term perspective remains key. The takeaway? Noise and short-term fluctuations will continue, but investors who stay disciplined and focus on the bigger picture will be better positioned amid the turbulence. Traders Gonna Trade Friday's surge in buying volume—the highest of 2025—sparked debate over whether it signaled genuine bullish momentum or was simply short sellers closing positions ahead of the weekend. With trading volume 44% above the daily moving average, the spike in activity stood out, but the real question remains: were investors stepping in with conviction, or were hedge funds and traders locking in gains after a volatile month? Given that February ended in the red for all major indexes, some argue that fund managers were closing shorts to secure profits before monthly performance calculations. Whether this buying pressure carries into next week or fades as a temporary end-of-month adjustment will be a key indicator of market direction moving forward. In the second hour, the Money Wise guys discuss Equity Index Annuities. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

In today's episode, Lauren Atkinson and Community Formation Director, Ryan Garrahan, discuss Deuteronomy 26-27 and answer the question: "What's up with all these curses?"  Scriptures Referenced:  1 Chronicles 29; Joshua 8; Romans 3:10-11  Check out Ryan's previous episode: https://podcasts.apple.com/us/podcast/s2-242-isaiah-7-14-luke-1-5-45/id1600151923?i=1000638296374  To get involved in a Community Group, check out our Community Formation events! https://www.watermark.org/events/6429-men-s-and-women-s-community-formation  To learn more about MoneyWise and financial stewardship: https://www.watermark.org/ministries/moneywise

What if you could fast-forward your financial goals by ten years just by moving abroad? That's exactly what entrepreneur Rob Hoffman did when he relocated to Colombia, where his $3M net worth stretches as if it's $9M. Rob, a member of the Hampton community, shares how he built a successful marketing agency while living in Medellín. Once an anti-capitalist hippie, Rob's journey took him from hitchhiking across Canada to scaling a business with $3.6M in annual revenue—all while crafting a lifestyle-first approach to wealth-building. In this episode Rob explains: The pros and cons of living abroad for financial and personal freedom. How to build a thriving business while reinvesting savings at an accelerated pace. The ethical considerations of leveraging geo-arbitrage and giving back to your adopted community. Rob's story isn't just about money—it's about finding a life that feels authentically his. Listen in to hear how he's navigating wealth, culture, and a path toward financial independence. This is Moneywise, a podcast where hosts Harry Morton and Sam Parr are joined by high-net-worth guests to explore exclusive insights into personal finance and lifestyle tailored for other high-net-worth people, or those on their way. They'll get radically transparent about the numbers, revealing things like their burn rates, portfolios, and spending habits. Who is Harry Morton? Harry Morton is the CEO of Lower Street, a company specializing in premium podcast production that he founded to transform brand narratives through audio storytelling. His expertise has made Lower Street a leader in the podcast industry, working with diverse clients from startups to Fortune 500 companies to enhance their market presence and audience engagement. Who is Sam Parr? Sam is a serial entrepreneur and the co-founder of The Hustle, which he sold to HubSpot in 2021. He's also the co-host of one of the world's top podcasts for entrepreneurs, My First Million. Known for his insightful business acumen and candid communication style, Sam Parr continues to be a prominent figure in the world of media and entrepreneurship. Sam's newest and biggest venture yet is Hampton, which he co-founded in 2022. Check out Sam's Companies:  Hampton Sam's List This podcast was made for the Hampton community, a private, highly-vetted, peer membership community for founders and CEOs of fast-growing, tech-enabled startups. Chapters: Rob's Early Life and Financial Discipline (02:11) From Journalism to Entrepreneurship (03:31) Moving to Medellin and Starting a Business (06:23) Living Frugally in Medellin (07:36) Business Growth and Financial Success (09:55) The Ethics of Geo-Arbitrage (20:27) Conclusion and Final Thoughts (25:50) This podcast was produced in partnership with Lower Street and distributed by Morning Brew.

Paradox | MoneyWise | Pastor Bob Marvel by Cornwall Church

Trust Fund | Moneywise | Pastor Bob Marvel by Cornwall Church

Would you put millions into comic books? It sounds crazy, but for Rob Walling, it's part passion, part strategy. He's met people at the airport just to pick up a single book. But this isn't just nostalgia—it's an investment play. Rob Walling is a serial entrepreneur who sold his SaaS companies for millions. But instead of Ferraris, he spends big on collectibles—rare comics, original artwork, and even historical autographs. For him, it's about diversification, but also about reliving childhood joy at a whole new level. In this episode, we break down: Why Rob has over 10% of his net worth in collectibles The hidden risks of investing in physical assets How your childhood obsessions could become your best investments The difference between investing vs. gambling when it comes to collectibles Whether you're a comic book nerd, an investor looking for new angles, or just curious how high-net-worth founders really spend their money—this episode is for you. This is Moneywise, a podcast where host Sam Parr is joined by high-net-worth guests to explore exclusive insights into personal finance and lifestyle tailored for other high-net-worth people, or those on their way. They'll get radically transparent about the numbers, revealing things like their burn rates, portfolios, and spending habits. Who is Harry Morton? Harry Morton is the CEO of Lower Street, a company specializing in premium podcast production that he founded to transform brand narratives through audio storytelling. His expertise has made Lower Street a leader in the podcast industry, working with diverse clients from startups to Fortune 500 companies to enhance their market presence and audience engagement. Who is Sam Parr? Sam is a serial entrepreneur and the co-founder of The Hustle, which he sold to HubSpot in 2021. He's also the co-host of one of the world's top podcasts for entrepreneurs, My First Million. Known for his insightful business acumen and candid communication style, Sam Parr continues to be a prominent figure in the world of media and entrepreneurship. Sam's newest and biggest venture yet is Hampton, which he co-founded in 2022. Check out Sam's Companies:  Hampton Sam's List This podcast was made for the Hampton community, a private, highly-vetted, peer membership community for founders and CEOs of fast-growing, tech-enabled startups. Chapters: The Emotional and Financial Case for Collectibles (00:28) Rob's Financial Journey and Business Ventures (03:07) Life After the Big Exit (04:45) Diving Deep into Comic Book Collecting (08:11) The Value and Passion Behind Collectibles (13:21) Selling High-Value Collectibles (18:50) Investment Strategies and Diversification (19:10) Challenges of Selling Collectibles (21:20) Balancing Hobby and Investment (24:50) Insurance and Storage Concerns (28:36) Financial Performance of Collectibles (31:07) Emotional Value of Collecting (36:36) Tips for Investing in Collectibles (38:17) This podcast was produced in partnership with Lower Street and distributed by Morning Brew.

Formicidae Wisdom | MoneyWise | Pastor Bob Marvel by Cornwall Church

Most founders feel isolated after selling their company. Chris and David Sinkinson didn't—because they had each other. The brothers built and sold their startup, AppArmor, for $40 million. But unlike many founders who struggle with identity and purpose post-exit, they had a built-in support system: each other. With a 10-year age gap and complementary skills, they navigated the highs and lows of entrepreneurship as a team. And when they suddenly found themselves financially free, their brotherhood kept them from making reckless decisions—or jumping into the next venture too soon. In this episode, Chris and David share how selling their company impacted their relationship, their investments, and their sense of purpose. We dive into: Why going through a major exit alone can feel isolating—but they never did. How their brotherly dynamic kept them from making bad financial decisions. The identity crisis that followed the sale—and how they leaned on each other to navigate it. Why they're already thinking about their next venture, but with new priorities.

Moneywise | When Enough Really Is Enough | Pastor Steve Osborne by Cornwall Church

What if the key to success wasn't grinding harder—but learning to let go? Chris Bakke made 10s of millions selling two companies, including one to Elon Musk's Twitter. But after years of chasing big wins, something changed: he had kids. And suddenly, the drive that once defined him wasn't as important as being present for his family. Chris started as a scrappy startup founder, building and selling multiple companies for over $50 million each. He worked directly with Elon, made bold investments, and built a net worth of $25 million (or 50 depending on how you value Twitter stock). But fatherhood led him to reevaluate everything—including his ambition in the tech world. In this episode, Chris opens up about how becoming a dad reshaped his perspective on work, money, and happiness. We dive into: Why having kids made him rethink the endless pursuit of success. How he balances financial security with personal fulfillment. The trade-offs of working with Elon Musk—and why he ultimately walked away. Why he believes the multiple cashflowing agencies he runs make him better off than a highly valued illiquid tech company anyway. This is Moneywise, a podcast where host Sam Parr is joined by high-net-worth guests to explore exclusive insights into personal finance and lifestyle tailored for other high-net-worth people, or those on their way. They'll get radically transparent about the numbers, revealing things like their burn rates, portfolios, and spending habits. Who is Sam Parr? Sam is a serial entrepreneur and the co-founder of The Hustle, which he sold to HubSpot in 2021. He's also the co-host of one of the world's top podcasts for entrepreneurs, My First Million. Known for his insightful business acumen and candid communication style, Sam Parr continues to be a prominent figure in the world of media and entrepreneurship. Sam's newest and biggest venture yet is Hampton, which he co-founded in 2022. Check out Sam's Companies:  Hampton Sam's List This podcast was made for the Hampton community, a private, highly-vetted, peer membership community for founders and CEOs of fast-growing, tech-enabled startups. Chapters: Chris Bakke's Financial Breakdown (02:18) Early Career and First Startup (08:16) The Success of Lasky and Acquisition by Elon Musk (13:43) Working with Elon Musk (18:16) Family Life and Career Transition (20:24) Balancing Family and High-Stakes Career (20:52) Shifting Focus to Smaller Projects (22:29) The Trade-Offs of Ambition (23:34) Finding Joy in Simple Ventures (26:26) Parenthood and Professional Ambition (27:54) Lessons from Working with Elon (29:58) The Impact of Wealth and Parenthood (36:49) This podcast was produced in partnership with Lower Street and distributed by Morning Brew.

What if chasing curiosity, not cash, was the key to a richer, more fulfilling life?  Peter Wokwicz turned his relentless curiosity into a $500 million fortune—and found happiness along the way. Peter didn't build his wealth by following the typical playbook. Instead of just chasing cash, he let his curiosity lead the way—and it's resulted in over 40 successful exits, groundbreaking innovations, and a life that's anything but boring. Now, with a thriving family office and a long list of projects, Peter spends his time doing what excites him most and making an impact in the process. In this episode, Peter reveals how leaning into curiosity can create more fulfillment than any paycheck. We dive into: Why passion, not profit, is his ultimate driver—and why chasing money alone will leave you empty. How he uses his wealth to create a playground for innovation and exploration. Why staying curious has helped him avoid burnout and find happiness in both work and life. His take on “failing fast,” embracing risk, and why speed is his secret weapon. This is Moneywise, a podcast where host Sam Parr is joined by high-net-worth guests to explore exclusive insights into personal finance and lifestyle tailored for other high-net-worth people, or those on their way. They'll get radically transparent about the numbers, revealing things like their burn rates, portfolios, and spending habits. This interview was done by show-correspondant Andrew Namanny. You can listen to his podcast Permission to Shine here. Who is Sam Parr? Sam is a serial entrepreneur and the co-founder of The Hustle, which he sold to HubSpot in 2021. He's also the co-host of one of the world's top podcasts for entrepreneurs, My First Million. Known for his insightful business acumen and candid communication style, Sam Parr continues to be a prominent figure in the world of media and entrepreneurship. Sam's newest and biggest venture yet is Hampton, which he co-founded in 2022. Check out Sam's Companies:  Hampton Sam's List This podcast was made for the Hampton community, a private, highly-vetted, peer membership community for founders and CEOs of fast-growing, tech-enabled startups. Chapters: Peter's Financial Overview (03:16) Peter's Early Curiosity and Career (05:04) The Value of Equity Over Cash (07:33) Peter's Investment Strategy (10:10) The Role of Velocity in Success (13:21) Peter's First Big Exit (14:50) Creating a Playground for Innovation (16:38) The Family Office and Its Philosophy (19:21) Embracing Failure and Innovation (20:52) AI and Music Preferences (22:19) Venom Labs: Medical Breakthroughs (23:21) Team Structure and Incentives (24:38) Blending Business with Personal Life (26:36) Philosophy on Inheritance and Happiness (31:29) Final Thoughts and Encouragement (34:42) This podcast was produced in partnership with Lower Street and distributed by Morning Brew.

Reviewing the best episodes of 2024 to finish the year. In this episode, we hear again from successful first-gen money experts and their insights on navigating money as the children of immigrants. We hear from:Vivian Tu Giovanna Gonzalez Jannese Torres Shirin Eskandani Vrinda Gupta