Podcasts about phillip washington

On this week’s In Black America, producer and host John L. Hanson, Jr. speaks with Phillip Washington, Jr., founder and CEO of Stone Hill Wealth Management, discussing the rising popularity of Bitcoin among African Americans as an alternative to traditional finance: a means of building wealth without banks or governments controlling its supply. The post Phillip Washington, Jr. (Ep. 13, 2025) appeared first on KUT & KUTX Studios -- Podcasts.

Dave Rubin of “The Rubin Report” talks to Russell Brand, Jillian Michaels, and Sage Steele about Tulsi Gabbard's defiant response to the baseless smears during her confirmation hearing for director of national intelligence; Kash Patel's tense exchange with Sen. Amy Klobuchar (D-Minn.) during his confirmation hearing to become the next FBI director; Robert F. Kennedy Jr.'s speech that neither Democrats nor Republicans could disagree with; Donald Trump and JD Vance exposing the FAA's DEI hiring after the tragic plane crash of American Airlines Flight 5342 into Washington, D.C.'s Potomac River; resurfaced footage of Biden's incredibly unqualified nominee for FAA administrator, Phillip Washington, failing to answer Ted Cruz's incredibly simple questions; Selena Gomez's meltdown over ICE raids of criminal illegal migrants for mass deportation: and much more. WATCH the MEMBER-EXCLUSIVE segment of the show here: https://rubinreport.locals.com/ Check out the NEW RUBIN REPORT MERCH here: https://daverubin.store/ ---------- Today's Sponsors: Rumble Premium - Corporate America is fighting to remove speech, Rumble is fighting to keep it. If you really believe in this fight Rumble is offering $10 off with the promo code RUBIN when you purchase an annual subscription, Go to: https://Rumble.com/premium/RUBIN and use promo code RUBIN Learn more about your ad choices. Visit megaphone.fm/adchoices

CNN's Abby Phillip attempts to blame Trump for the terrible plane crash. Plus, Howie revisits the hearing of failed FAA nominee Phillip Washington, who knew nothing about the department he was selected to lead. Visit the Howie Carr Radio Network website to access columns, podcasts, and other exclusive content.

Today, Phillip Washington, Jr. talks about Navigating Noise in the Market!Phillip Washington, Jr.Stone Hill Wealth Managementwww.WealthBuildingMadeSimple.com

This week on In Black America, producer and host John L. Hanson, Jr. discusses racial wealth equity and the positive effects of financial literacy in narrowing the wealth gap between White and minority Americans with Phillip Washington, Jr. CEO ad Chief Investment Officer of Stone Hill Wealth Management. The post Phillip Washington, Jr. (Ep. 17, 2024) appeared first on KUT & KUTX Studios -- Podcasts.

Today, Phillip Washington, Jr. talks about Navigating Noise in the Market!● Most people aren't satisfied financially● Many people are angry or depressed● Most people are not patient● Most people are anxious and worried● Most people live in fear financiallyPhillip Washington, Jr.Stone Hill Wealth Managementwww.WealthBuildingMadeSimple.com

Today, Phillip Washington, Jr. talks about Nerd Math!● Definition of nerd math● Data (Reason) vs. Imagination (Creator)● The eternal battle Reason wages against Imagination● Why nerds fail in love● Why nerds accumulate wealth and imagination attracts it● Nerd math can't see opportunitiesPhillip Washington, Jr.Stone Hill Wealth Managementwww.WealthBuildingMadeSimple.com

Today, Phillip Washington, Jr. answers your questions!● What's the best way you've seen to become financially independent?● How do I get a hold of my budget?● What is the value that backs Bitcoin?● What are some of the best investment opportunities you see?● Why do you spend so much time talking about emotional intelligence as a wealth manager?Phillip Washington, Jr.Stone Hill Wealth Managementwww.WealthBuildingMadeSimple.com

Talking with Phillip Washington, Jr. about The Big Industrial Economy Short.Phillip Washington, Jr.Stone Hill Wealth Managementwww.WealthBuildingMadeSimple.com

Key Takeaways: AI as a Catalyst for Change: AI functions as the harbinger of future knowledge, allowing us to capture and utilize extensive information, thereby enhancing productivity. Evolutionary Perspective: Progress in humanity involves cycles of collective consciousness, leading to dispersion and the establishment of new collective foundations—a pattern expected to persist with the evolution of AI. Economic Shifts and Opportunities: Anticipate economy-wide transitions that will generate substantial opportunities in digital goods, cybersecurity, and AI training, among other sectors. Impact of AI on the Workforce: Contrary to job replacement fears, AI is poised to create new job categories and demand diverse skill sets, paralleling historical innovations like the printing press. Harnessing AI's Potential: Proactively embracing and adapting to AI's growth is crucial for unlocking its benefits and mitigating associated risks in reshaping work processes and value creation.   Chapters: Timestamp Summary 0:00:05 Introduction and disclaimer about the content of the video 0:00:37 Introduction to the topic of AI and its impact on jobs 0:01:50 Discussion on the optimistic and pessimistic perspectives on AI 0:02:23 Addressing concerns about AI taking away jobs 0:04:11  Historical examples of fear and control in relation to new ideas 0:05:55 Understanding the continuous evolution of humanity and collective consciousness 0:07:29 The importance of imagination and optimism in creating the future 0:09:22 Comparing AI to books and the codification of knowledge 0:10:04 Viewing humans as systems and the interaction between awareness and logic 0:12:56 Trusting the system and the role of humanity in managing it 0:13:31 The benefits of interacting with AI in enhancing intelligence 0:14:03 AI as a tool to unleash human potential and increase productivity 0:14:46 Practical jobs in the AI-driven future 0:15:40 Creating digital goods and services 0:16:43 Limited edition digital items through NFTs 0:17:30 Digital creators, gamers, and entertainers 0:18:21 Virtual attendance at events in the Metaverse 0:19:17 Importance of digital marketing and cybersecurity 0:20:32 Money management in a tokenized and digitalized world 0:21:42 AI trainers and co-creators for contextual understanding 0:22:34 Job opportunities in space exploration and robotics 0:24:00 In-person events for high earners and profit margins 0:25:21 Investing in automated workforces for new world economies 0:26:40 Embracing change and retooling for the new economy leads to abundance 0:27:22 In a perfect world, productivity brings down the cost of things 0:28:24 Human interference creates blockages and concentrations of power 0:29:05 Humans can't stand in the way of progress forever 0:29:34 Governments can either support or stunt the growth of their people 0:32:35 The curve of humanity always slopes upward 0:32:42 Phillip Washington, Jr.'s disclaimer 0:33:09 Past performance is not indicative of future performance 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.

Talking this week with Phillip Washington, Jr. about your purchasing power over the next decade.Phillip Washington, Jr.Wealth Building Made Simplewww.WealthBuildingMadeSimple.us

Talking this week with Phillip Washington, Jr. about the benefits of reviewing your financial and estate plans annually with your wealth manager.Phillip Washington, Jr.Wealth Building Made Simplewww.WealthBuildingMadeSimple.us

Talking this week with Phillip Washington, Jr. about what affects the value of your business.Phillip Washington, Jr.Wealth Building Made Simplewww.WealthBuildingMadeSimple.us

Talking this week with Phillip Washington, Jr. about Community as Currency.Phillip Washington, Jr.Wealth Building Made Simplewww.WealthBuildingMadeSimple.us

Talking this week with Phillip Washington, Jr. as we continue his series titled Bread Fables — Busting Myths People Have About Money• Money is a measure of success• It's hard to make money• Money is limited, and there's not enough for everyonePhillip Washington, Jr.Wealth Building Made Simplewww.WealthBuildingMadeSimple.us

Talking this week with Phillip Washington, Jr. as he starts a new series titled Bread Fables — Busting Myths People Have About Money• Money is the key to happiness• More money means less stress• Money can't buy love or true happiness• Money is the root of all evilPhillip Washington, Jr.Wealth Building Made Simplewww.WealthBuildingMadeSimple.us

Consumer Advice: A business plan made simpleTalking this week with Phillip Washington, Jr. about a business plan made simple.• Use areas unique to you to begin your thinking around business ideas• Build and launch businesses in your imagination first, and find one that feels the bestPhillip Washington, Jr.Wealth Building Made Simplewww.WealthBuildingMadeSimple.us

Consumer Advice:Continuing his series this week with Phillip Washington, Jr. titled Mind Over Money, Rewiring Your Financial Attitude.If this is the way you think, let's rewire your brain!• I don't want to give up my financial independence or control.• I'm waiting for the right opportunity to come my way.• Money is too stressful to think about, so I avoid it.• I don't have the support or encouragement from those around mePhillip Washington, Jr.Wealth Building Made Simplewww.WealthBuildingMadeSimple.us

Consumer Advice:This week with Phillip Washington, Jr.: Mutual Funds 101What are they?How do you buy them?Why should you buy them?And we'll dig deeper.Phillip Washington, Jr.Wealth Building Made Simplewww.WealthBuildingMadeSimple.us

Consumer Advice:Continuing his series this week with Phillip Washington, Jr. titled Mind Over Money, Rewiring Your Financial Attitude.If this is the way you think, let's rewire your brain!• I'm too comfortable in my financial habits to change.• I'm too focused on immediate gratification to think long-term.• I don't want to face the reality of my financial situation.• I don't believe in the power of positive thinking or mindset shifts.Phillip Washington, Jr.Wealth Building Made Simplewww.WealthBuildingMadeSimple.us

Continuing his series this week with Phillip Washington, Jr. titled Mind Over Money, Rewiring Your Financial Attitude.If this is the way you think, let's rewire your brain!• I'm too afraid of change to alter my financial mindset.• "I don't want to sacrifice my current happiness for future financial security.• I'm too overwhelmed by the complexity of investing.Phillip Washington, Jr.Wealth Building Made Simplewww.WealthBuildingMadeSimple.us

Consumer Advice:Continuing his series this week with Phillip Washington, Jr. titled Mind Over Money, Rewiring Your Financial Attitude.If this is the way you think, let's rewire your brain!• Should I put all of my money outside the U.S.?• I don't want to appear greedy or materialistic by focusing on money.• I don't have access to financial resources or tools to make changes.Phillip Washington, Jr.Wealth Building Made Simplewww.WealthBuildingMadeSimple.us

Key Takeaways: Bitcoin is a digital monetary protocol that allows for secure and low-cost value transfer across the globe. Bitcoin's properties, such as its limited supply and decentralization, make it a potentially superior store of value compared to traditional assets like gold and fiat currencies. Bitcoin's network effect and liquidity make it an attractive medium of exchange, with the potential to disrupt traditional payment systems. Other cryptocurrencies may have limited use cases and are often subject to manipulation and centralization, making them less reliable as long-term stores of value. Chapters: | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:07 | Introduction and disclaimer about investment advice | | 0:00:39 | Introduction of guest, Trey Sellers from Unchained Capital | | 0:01:20 | Explanation of what bitcoin is and its advantages | | 0:04:06 | Differentiating bitcoin from other cryptocurrencies | | 0:05:17 | Simplifying money as a means of value communication | | 0:07:33 | Bitcoin's scarcity and lack of control compared to fiat | | 0:09:02 | Noise and intermediaries in the current monetary system | | 0:11:03 | Advantages of using bitcoin as a medium of exchange | | 0:12:56 | Efficiency and productivity gains with bitcoin transactions | | 0:13:56 | Comparison of bitcoin to other decentralized protocols | | 0:14:13 | Bitcoin solves store of value, medium of exchange, and unit of account problems. | | 0:15:15 | Other cryptos are more centralized and can be manipulated. | | 0:16:21 | Bitcoin's trade-offs have allowed it to build liquidity. | | 0:17:38 | Some cryptos solve trivial problems or create pump and dump schemes. | | 0:19:54 | Bitcoin's supply is fixed, while other cryptos trend towards zero. | | 0:20:39 | Bitcoin's value will absorb assets once people understand it. | | 0:23:51 | Bitcoin can be integrated into financial plans by buying and allocating. | | 0:25:46 | The more people understand bitcoin, the more they allocate to it. | | 0:26:33 | Bitcoin can be used as collateral for borrowing without selling. | | 0:27:56 | Bitcoin-backed loans provide liquidity without incurring taxable events. | | 0:28:40 | Bitcoin as a collateral asset for loans | | 0:30:27 | Speculation on energy pricing and currency for global transactions | | 0:32:19 | Challenges of breaking away from the dollar system | | 0:34:39 | Bitcoin's potential role in the global monetary order | | 0:38:01 | Generational shifts in monetary world order | | 0:38:46 | Bitcoin's advantages over the dollar | | 0:39:38 | Contact information for Trey Sellers | | 0:41:13 | Disclaimer regarding investment advice and risk | | 0:41:13 | End of transcript |   Powered by Trey Sellers and Stone Hill Wealth Management   Social Media Handles    Follow Philip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   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.  

Continuing his series this week with Phillip Washington, Jr. titled Mind Over Money, Rewiring Your Financial Attitude.If this is the way you think, let's rewire your brain!• I don't have the discipline to stick to a financial plan.• I don't want to give up my vices or indulgences.• I'm waiting for an inheritance or windfall to change my situation.Phillip Washington, Jr.Wealth Building Made Simplewww.WealthBuildingMadeSimple.us

Continuing his series this week with Phillip Washington, Jr. titled Mind Over Money, Rewiring Your Financial Attitude.If this is the way you think, let's rewire your brain!• I don't want to sacrifice my current lifestyle.• I've tried before and failed, so there's no point in trying again.• I don't trust financial institutions or advisors.• I'm not good with numbers, so managing money is impossible for me.• I'll never be able to retire, so why bother trying?Phillip Washington, Jr.Wealth Building Made Simplewww.WealthBuildingMadeSimple.us

Key Takeaways: - Evolving one's mindset is essential for financial growth and success. Sacrificing one's current lifestyle is not always necessary to achieve financial goals. - Past failures should not discourage future attempts; healing and finding new interests can lead to success. - Trust in financial institutions and advisors can be built through personal faith and expectations. - Being good with numbers is not a prerequisite for managing money and building wealth. - Retirement can be redefined and personalized to fit individual desires and passions. Chapters: | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:38 | Introduction to the podcast and its content | | 0:01:13 | Discussion on the mindset of not wanting to sacrifice current lifestyle | | 0:04:20 | Exploring the belief that trying again after failure is pointless | | 0:07:00 | Addressing the lack of trust in financial institutions and advisors | | 0:09:19 | Importance of having faith and belief in achieving financial goals | | 0:13:24 | Challenging the belief that managing money is impossible for some | | [0:14:24] | Belief in impossibility and not being good with numbers. | | [0:15:32] | Success doesn't have to follow traditional ideas. | | [0:17:12] | Reframing the belief of never being able to retire. | | [0:18:44] | Finding something you love to do for the next 20 years. | | [0:19:41] | Removing the mental barriers of lack consciousness. | | [0:20:07] | Creating a retirement plan that aligns with your desires. | | [0:21:47] | Belief is key to achieving what you want in life. | | [0:22:18] | Encouraging newsletter subscribers to reach out for personalized help. | | [0:22:20] | Disclaimer: Consult with a qualified financial advisor before implementing strategies. |   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Philip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   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: Tax loss harvesting involves selling stocks at a loss to offset capital gains and minimize tax bills. The immediate tax savings from tax loss harvesting can be significant, but it is essential to consider long-term implications. Tax losses can be carried forward indefinitely, providing potential benefits in future years. Tax loss harvesting should be part of a broader financial strategy and coordinated with other investment and estate planning goals. Chapters:   | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:07 | Introduction and disclaimer | | 0:00:38 | Discussion about winter weather | | 0:02:26 | Mention of tax benefits of electrifying homes with renewable energy | | 0:03:19 | Introduction to tax loss harvesting | | 0:05:19 | Explanation of tax benefits of offsetting gains with losses | | 0:06:25 | Discussion on long-term benefits and considerations of tax loss harvesting | | 0:07:50 | Comparison of tax loss harvesting and donating stocks | | 0:09:33 | Importance of coordinating tax loss harvesting with overall financial plan | | 0:10:18 | Mention of minimizing tax on capital gains through donating stocks | | 0:11:26 | Contact information for further discussion on tax planning |     Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Philip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   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.  

Continuing his series this week with Phillip Washington, Jr. titled Mind Over Money, Rewiring Your Financial Attitude.1. "I don't want to sacrifice my current lifestyle."2. "I've tried before and failed, so there's no point in trying again."3. "I don't trust financial institutions or advisors.”4. "I'm not good with numbers, so managing money is impossible for me." 5. "I'll never be able to retire, so why bother trying?"Phillip Washington, Jr.Wealth Building Made Simplewww.WealthBuildingMadeSimple.us

Key Takeaways: Age is not a barrier to learning about money and personal finance. It's never too early to start thinking about money and building financial literacy. Debt can be viewed as neutral, and it's important to differentiate between debt that generates income and consumer debt. Creating a plan to reduce consumer debt is essential. Overcoming the belief that there is not enough time to learn about personal finance requires a shift in mindset. Prioritizing and making time for learning can lead to financial growth. Waiting for the perfect moment to start is counterproductive. Instead, focus on cultivating the right feeling and taking action from a place of inspiration. The belief that money is the root of all evil is a misinterpretation. Money is a tool, and it's the love of money that can lead to negative outcomes. Approaching money with a positive mindset can attract abundance. Chapters:   | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:07 | Introduction and disclaimer | | 0:01:26 | Discussion on housing affordability and tokenized equity | | 0:03:29 | Age is not a barrier to learning about money | | 0:04:00 | Debt can be viewed as neutral and manageable | | 0:05:59 | Strategies for reducing consumer debt | | 0:09:50 | Overcoming the belief of not having time for personal finance | | 0:11:39 | Importance of prioritizing and refreshing mindset | | 0:13:37 | Taking action based on desired feelings | | 0:14:27 | Clarifying the quote "money is the root of all evil" | | [0:15:02] | Translation and context in languages | | [0:15:56] | Two approaches to money: joy vs priority | | [0:16:28] | Money as an expression of how you feel | | [0:17:01] | The problem of dictating what's good or evil | | [0:17:42] | Operating based on attitude and attracting what you want | | [0:19:02] | Attitudes as magnets that attract people and things | | [0:19:28] | Conclusion and closing remarks |   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Philip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   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: Purge your house and donate non-cash items to charity to maximize tax deductions. Consider donating underperforming stocks to charity to offset gains in the stock market. Maximize contributions to your 401(k) to save for retirement and reduce taxable income. Prepay expenses for the upcoming year, such as marketing expenses or rent, to take advantage of tax deductions. Utilize a donor-advised fund for charitable giving to receive immediate tax savings. Contribute to a Health Savings Account (HSA) to reduce taxable income and save for future medical expenses. Chapters: | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:07 | Introduction and disclaimer about investment advice | | 0:00:48 | Discussion about tax planning for the fourth quarter | | 0:02:41 | Suggestions for donating non-cash items and investment assets | | 0:05:09 | Maximizing 401K contributions and prepaying expenses for tax benefits | | 0:07:10 | Paying quarterly taxes to avoid underpayment penalties | | 0:09:49 | Exploring the history of taxes and their influence on behavior | | 0:10:53 | Taking advantage of employer-matched 401K contributions | | 0:11:31 | Maximizing HSA contributions for medical expenses | | 0:12:08 | Considering donor advice funds for charitable donations | | 0:12:38 | Using business funds to make charitable contributions for nonprofits | | 0:13:36 | Discussion about the number 13 | | 0:13:48 | Personal connection to the number 13 | | 0:14:08 | How to contact Allison for tax planning assistance | | 0:14:32 | Disclaimer about investment advice and performance |   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles  Follow Philip Washington, Jr. on Instagram (@askphillip)   Subscribe to the Wealth Building Made Simple Newsletter https://www.wealthbuildingmadesimple.us/   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.

Continuing his series this week with Phillip Washington, Jr. titled Mind Over Money, Rewiring Your Financial Attitude.1. "I'll never be rich, so why bother trying?"2. "I'm afraid of taking risks with my money."3. "I don't deserve to be wealthy."4. "I'm comfortable with my current financial situation."5. "I'll start saving/investing when I earn more money."Phillip Washington, Jr.Wealth Building Made Simplewww.WealthBuildingMadeSimple.us

Continuing his series this week with Phillip Washington, Jr. titled Mind Over Money, Rewiring Your Financial Attitude.1. "I'm too young to worry about money."2. "I have too much debt to make any significant changes."3. "I don't have time to learn about personal finance."4. "I'm waiting for the perfect moment to start."5. "Money is the root of all evil, so I'd rather avoid it.”Phillip Washington, Jr.Wealth Building Made Simplewww.WealthBuildingMadeSimple.us

Key Takeaways: Wealth, happiness, and beauty are subjective and based on mindset. Faith is necessary for successful investing and building wealth. Deservingness of wealth is a continuous process of growth and evolution. Being comfortable with one's current financial situation attracts more wealth. The right attitude is crucial for effective saving and investing.   Chapters:   | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:38 | Introduction and announcement of new series | | 0:01:59 | Challenging the belief of never being rich | | 0:03:50 | Translating risk into faith in investing | | 0:06:21 | Evolving sense of deservingness in wealth | | 0:09:28 | Being comfortable with current financial situation | | 0:10:07 | Appreciation and discomfort as a formula for more | | 0:12:45 | Confidence and attracting more money | | 0:14:33 | Starting saving and investing with more money | | 0:15:17 | Importance of attitude and taking action in financial matters | | 0:15:50 | Attitude speaks volumes in attracting success. | | 0:16:23 | Importance of having the right attitude for saving and investing. | | 0:16:52 | Getting the attitude right makes saving and investing easy. | | 0:17:13 | Closing remarks and disclaimer. |   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Philip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter (wealthbuildingmadesimple.us)   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: Many investors are making the mistake of sticking to outdated real estate strategies instead of adapting to the current market. Airbnb rentals are being banned in certain cities, making them less profitable. Interest rates and property taxes are increasing, making fix and flips and long-term rentals less viable options. First-time homebuyers may need to live in discomfort for a short period of time in order to afford a home in the current market. The DFW area offers opportunities for real estate investors due to its diverse economy and business-friendly environment. Chapters:   | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:07 | Introduction and disclaimer about investment advice | | 0:00:52 | Discussion about the guest's name and background | | 0:02:14 | Conversation about the guest's small town upbringing | | 0:02:55 | Introduction to the topic of real estate investing | | 0:03:18 | Discussion on the changing real estate market | | 0:03:55 | Explanation of the limitations and challenges of Airbnb rentals | | 0:04:31 | Explanation of the difficulties of financing long-term rentals | | 0:05:05 | Discussion on the risks of adjustable-rate mortgages | | 0:05:46 | Explanation of the impact of property taxes on rental profits | | 0:06:41 | Discussion on the challenges and risks of fix and flips | | 0:10:04 | Investing in real estate in the current market | | 0:10:48 | Difficulty for first-time home buyers in finding affordable homes | | 0:11:30 | Strategy of buying a new build in a developing community | | 0:12:17 | Living in discomfort for two years to build equity | | 0:14:00 | Builders offering deals on new build homes | | 0:15:45 | Land availability in different areas | | 0:16:41 | Mansfield's full occupancy for single-family homes | | 0:17:20 | More affordable options in Midlothian and Alvarado | | 0:18:31 | Property taxes and population growth affecting affordability | | 0:19:29 | Need for operational excellence and patience in real estate | | 0:21:01 | Importance of checking the condition of a house before buying | | 0:22:16 | Regret from not following a checklist when buying a house | | 0:23:15 | Positive outlook on the DFW real estate market | | 0:24:40 | Opportunities in helping businesses find the right location | | 0:25:37 | Texas as a recession-proof state | | 0:26:11 | People wanting to sell their homes after COVID | | 0:28:12 | Rebalancing of high-income African Americans in DFW | | 0:28:39 | Frisco's culture and high-end businesses | | 0:29:43 | Exclusive clubs and vetting in Frisco | | 0:30:41 | Differences between Frisco and South DFW in culture and acceptance | | 0:32:00 | Culture of brotherhood and support in the real estate industry | | 0:32:57 | Importance of proper investments in real estate | | 0:33:18 | Real estate in DFW will continue to grow and transition | | 0:33:34 | Contact information for purchasing or investing in homes |   Powered by Stone Hill Wealth Management www.StoneHillWealthManagement.com Our Guest: Anvalon Elliott, Reliance Faith Realty Group, Powered By TDRealty   Social Media Handles  Follow Philip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter www.wealthbuildingmadesimple.us     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: Funding the business yourself gives you complete control over how you run your business. Taking out a loan requires careful consideration of financial obligations and interest rates. Bringing on equity investors means giving up some control and being accountable to them.   Chapters   | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast episode | | 0:01:28 | Funding the business yourself | | 0:02:40 | Taking out a loan | | 0:05:03 | Bringing on equity investors | | 0:06:05 | Considerations when bringing on investors | | 0:07:08 | Minimizing the need for cash in the beginning | | 0:08:39 | How to contact the speaker for more information | | 0:09:12 | Conclusion and closing remarks |   Powered by ReiffMartin CPA and Stone Hill Wealth Management www.reiffmartincpa.com stonehillwealthmanagement.com   Join the Wealth Building Made Simple Newsletter:  wealthbuildingmadesimple.us   Social Media Handles  Follow Philip Washington, Jr. on Instagram (@askphillip) Subscribe to Wealth Building Made Simple newsletter (https://wealthbuildingmadesimple.us/subscribe/) 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: - Negative thoughts about money stem from a lack mindset and can be reframed by focusing on areas of abundance in your life. - It's important to give yourself grace and not compare your financial situation to others. - Money is not inherently complicated; it's a matter of building confidence and finding the right resources to learn about it.   Chapters | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast and series on rewiring financial attitude | | 0:01:14 | Importance of investing in innovation for long-term financial growth | | 0:03:07 | Understanding and addressing lack thoughts about earning enough to save and invest | | 0:05:17 | Practicing abundance and gratitude to shift financial mindset | | 0:06:26 | Overcoming the belief of being too old to change financial habits | | 0:09:21 | Avoiding comparison and appreciating one's own wealth journey | | 0:10:27 | Defining wealth based on personal perspective and appreciation | | 0:12:54 | Overcoming the belief that money is too complicated to understand | | 0:14:32 | Leveraging areas of personal genius to build confidence in learning about money | | 0:15:17 | Conclusion and reminder to consult with financial professionals for advice |   Powered by Stone Hill Wealth Management Stonehillwealthmanagement.com Social Media Handles  Follow Philip Washington, Jr. on Instagram (@askphillip) Subscribe to Wealth Building Made Simple newsletter (wealthbuildingmadesimple.us) 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: - Tracking cash flow is crucial for business owners to ensure they have enough money to cover costs and make informed financial decisions. - Cash flow can be categorized into operational cash, investment cash, and financing cash. - Operational cash should ideally be positive, indicating that the business is generating enough revenue to cover expenses. - A 13-week cash flow projection is a valuable tool for planning and ensuring the availability of operational cash. - It is important to have a minimum of three months of operational cash on hand to handle emergencies and unexpected expenses.   Chapters | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast episode on managing cash flow | | 0:01:09 | Importance of tracking cash flow and ensuring it covers costs | | 0:02:28 | Negative operational cash flow indicates business trouble | | 0:03:24 | Options for improving operational cash flow: cutting expenses or increasing revenue | | 0:04:26 | The need to regularly review cash flow statements | | 0:04:52 | Importance of projecting cash flow with a 13-week cash flow projection | | 0:06:28 | Clarification on cash flow categories: operational, investment, and financing | | 0:07:33 | The significance of having three months of operational cash on hand | | 0:08:53 | Using the cash flow statement to determine if the business is making money | | 0:09:15 | Contact information for assistance with cash flow statements |   Powered by ReiffMartin CPA and Stone Hill Wealth Management www.reiffmartincpa.com stonehillwealthmanagement.com   Join the Wealth Building Made Simple Newsletter:  wealthbuildingmadesimple.us   Social Media Handles  Follow Philip Washington, Jr. on Instagram (@askphillip) Subscribe to Wealth Building Made Simple newsletter (https://wealthbuildingmadesimple.us/subscribe/) 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: - Willpower is not a sustainable energy source; focus on changing the underlying feeling of dissatisfaction with your current financial situation. - Prioritize mental clarity and incorporate meditation into your daily routine to achieve a sense of calm and control. - Let go of past financial mistakes and focus on the present moment to create a better financial future.   Chapters | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast and series on changing financial mindset | | 0:01:37 | Excuse 1: "I don't have the willpower to stick to a budget" | | 0:08:32 | Excuse 2: "I'm too busy to focus on my finances" | | 0:13:05 | Excuse 3: "I've always been bad with money" | | 0:16:20 | Conclusion and advice on changing mindset around money | Social Media Handles  Follow Philip Washington, Jr. on Instagram (@askphillip) Subscribe to Wealth Building Made Simple newsletter (wealthbuildingmadesimple.us) 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: - Calculate the amount needed for retirement by multiplying your desired annual income by 25 to 30. - Find a job or income source that you love to alleviate the pressure of saving a large sum for retirement. - Market volatility can be an opportunity for higher returns if you invest in future generation businesses. - Rising healthcare expenses can strain retirement funds, but investing in innovative healthcare technologies can help mitigate the impact. - Prepare for unexpected expenses by maintaining an emergency fund and consider investing in assets that generate cash flow. - Carrying debt into retirement can affect financial security, so focus on paying off consumer debt and manage investment debt responsibly. - Downsizing or making lifestyle adjustments in retirement can be more manageable if approached with a mindset of happiness and contentment.     Chapters   | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast and topic of financial pressures in retirement | | 0:01:14 | Writing a book in real time and the benefits of writing | | 0:02:49 | Feeling pressure to save for retirement when children come | | 0:03:32 | How to determine how much to save for retirement | | 0:06:11 | Finding a job you love to blur the lines between work and retirement | | 0:07:21 | Expanding investment time frame and investing in future generation businesses | | 0:09:05 | The impact of market volatility on investments | | 0:10:24 | The potential strain of rising healthcare expenses in retirement | | 0:13:30 | The reliability of pensions and Social Security benefits in retirement | | 0:16:00 | The impact of carrying debt into retirement | | 0:26:00 | Preparing for unexpected expenses in retirement | | 0:27:37 | Dealing with job loss or career setbacks in retirement | | 0:28:12 | Adjusting lifestyle or downsizing in retirement due to insufficient funds |   Social Media Handles  Follow Philip Washington, Jr. on Instagram (@askphillip) Subscribe to Wealth Building Made Simple newsletter (https://wealthbuildingmadesimple.us) 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: 1. KPIs are essential for tracking business goals and financial health. 2. Focus on a few key KPIs that align with your business objectives. 3. KPIs provide actionable insights to improve business performance. 4. Trends in KPIs can indicate the need for course correction or continuation of successful strategies. Chapters | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast and sponsor | | 0:00:30 | Importance of KPIs for business owners | | 0:01:31 | Definition of KPIs and their significance | | 0:02:29 | Selecting and focusing on a few key KPIs | | 0:05:08 | Addressing the challenge of not meeting KPIs | | 0:06:23 | Analyzing trends and making adjustments based on KPIs | | 0:07:39 | Following the path of least resistance using KPIs |   Powered by ReiffMartin CPA and Stone Hill Wealth Management https://www.reiffmartincpa.com/ https://stonehillwealthmanagement.com/   Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us   Social Media Handles  Follow Philip Washington, Jr. on Instagram (@askphillip) Subscribe to Wealth Building Made Simple newsletter (https://wealthbuildingmadesimple.us/subscribe/) 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 pressure is a natural part of growth and expansion. - The pain from financial pressure is self-imposed and comes from focusing on the conditions instead of how you want to feel about the situation. - Owning the feeling of financial security and appreciating the good aspects of life can help alleviate financial pressure. - Focusing on feeling good and enjoying the journey can lead to positive outcomes and faster growth.   Chapters   | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast and topic of managing financial pressure | | 0:01:24 | Financial pressure is a natural part of growth and expansion | | 0:03:00 | The pain from financial pressure is self-imposed and comes from focusing on conditions | | 0:06:06 | The desire for wealth is really a desire to feel good | | 0:08:59 | Owning the feeling of home and focusing on quality of life | | 0:10:01 | Business owners can manage financial pressure by upgrading their business | | 0:13:14 | Investment losses are a natural part of learning and growth | | 0:16:07 | Focusing on feeling good activates an optimistic point of view | | 0:17:28 | Finding joy in the entire process of wealth building | | 0:18:38 | The result of focusing on feeling good is increased wealth |   Social Media Handles  Follow Philip Washington, Jr. on Instagram (@askphillip) Subscribe to Wealth Building Made Simple newsletter (https://wealthbuildingmadesimple.us) 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: 1. Niching down allows businesses to focus on a specific target audience and provide a specialized product or service. 2. Specializing helps streamline expenses, investments, and marketing efforts, leading to growth and success. 3. The emotional balance sheet is just as important as the financial balance sheet in finding fulfillment and satisfaction in business.   Chapters   | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast and topic of loving your business | | 0:01:49 | Importance of specializing in a specific product or service | | 0:03:24 | Benefits of focusing on a target audience and industry | | 0:04:38 | Streamlining expenses and investments through niche specialization | | 0:07:50 | Emotional balance sheet and finding purpose in serving specific clients | | 0:08:49 | Growing business and targeting revenue by knowing your niche | | 0:09:38 | Examples of successful niche specialization in the music industry  Powered by ReiffMartin CPA and Stone Hill Wealth Management https://www.reiffmartincpa.com/ https://stonehillwealthmanagement.com/   Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us   Social Media Handles  Follow Philip Washington, Jr. on Instagram (@askphillip) Subscribe to Wealth Building Made Simple newsletter (https://wealthbuildingmadesimple.us/subscribe/) 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.  

Summary Phillip and Rob discuss the recent Airbnb ban in Dallas. The ban prohibits short-term rentals in residential areas and aims to treat Airbnb properties like hotels. The ban is set to take effect on January 1, 2024, but enforcement may be challenging. The ban affects approximately 95% of Airbnb listings in Dallas. Some property owners may appeal the ban, leading to a potential legal battle. The future of Airbnb in Dallas remains uncertain, and property owners are exploring their options.   Powered by Robert Lewis, Jr. at Ink Realty and Stone Hill Wealth Management   https://ink-realty.com/ https://stonehillwealthmanagement.com/   Join the Wealth Building Made Simple newsletter: https://www.wealthbuildingmadesimple.us   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 follows productivity and is influenced by changing preferences and beliefs. - Each generation brings new ideas and perspectives that shape the future of wealth. - Embracing freedom and being open to new technologies and trends is crucial for long-term success. Quotes: - "Wealth follows productivity. You have wealth from leverage and wealth from productivity, two different forms of wealth." - "The people that built the old economy, no matter the level of manipulation that is done, you're never going to catch the kids." - "Wealth is like water. It continues to flow and follows the path of freedom."   Chapters   | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast episode | | 0:01:52 | The story of the Freedmans and the cycle of wealth | | 0:04:46 | Lack of investment in technology leads to decline in business | | 0:05:51 | Parents pass on the business to the next generation | | 0:06:31 | Next generation starts their own successful businesses | | 0:08:30 | Wealth from leveraging debt vs. wealth from productivity | | 0:09:37 | Beliefs and preferences shape the value of things | | 0:11:29 | Wealth follows free thinking and free markets | | 0:13:09 | New generations create the future and disrupt existing industries | | 0:15:21 | Investing in the new while adhering to time-tested principles |   Social Media Handles  Follow Philip Washington, Jr. on Instagram (@askphillip) Subscribe to Wealth Building Made Simple newsletter (https://wealthbuildingmadesimple.us) 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.

About The Guest(s): Brayden Daniels is the founder of Lead Like a Magician and a professional magician. He combines his expertise in magic with leadership principles to help individuals and organizations improve their leadership skills. Braden has a background in business and has been practicing magic for many years. https://www.bradendaniels.com/   Summary: Braden Daniels, founder of Lead Like a Magician, joins Phillip on the Wealth Building Made Simple podcast to discuss the four elements of leadership and the power of imagination in business and leadership. Brayden explains how the magician archetype can be applied to leadership, emphasizing the importance of communication, discipline, reflection, and support. He also highlights the role of imagination in problem-solving and creative visualization. The conversation touches on the relationship between magic and science, as well as the difference between Tony Stark and Doctor Strange as archetypal characters. Key Takeaways: - The magician archetype in leadership emphasizes guiding and supporting others rather than wielding power. - The four elements of leadership are air (communication), fire (discipline), water (reflection), and earth (support). - Imagination plays a crucial role in problem-solving and creative visualization. - Magic and science both seek to understand the unknown, but magic preserves an element of mystery. - Tony Stark and Doctor Strange represent different approaches to leadership, with Tony focusing on innovation and profit, while Doctor Strange prioritizes responsibility and collaboration. Quotes: - "As a leader, you want to be a guide to your employees, not the hero. For your employees, your employee is the hero. Customers are the hero." - Braden Daniels - "Imagination is part of a bigger process that includes immersion, identification, and involvement." - Braden Daniels - "Reality is subject to change without notice." - Braden Daniels   Chapters   | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast and guest Brayden Daniels | | 0:03:20 | Brayden's background in magic and leadership | | 0:08:45 | The four elements of leadership: air, fire, water, earth | | 0:16:05 | The importance of imagination in business and leadership | | 0:24:37 | The difference between magic and artificial intelligence | | 0:30:40 | The power of visualization and vibrations in leadership | | 0:36:21 | Information about Brayden's magic show and upcoming events | | 0:38:13 | How to contact Brayden for more information | | 0:38:41 | The difference between Tony Stark and Dr. Strange | | 0:43:05 | Conclusion and appreciation for the conversation |   Social Media Handles  Follow Philip Washington, Jr. on Instagram (@askphillip) Subscribe to Wealth Building Made Simple newsletter (https://wealthbuildingmadesimple.us) 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: 1. Passive income can be generated through dividends, rental properties, online businesses, and royalties. 2. Dividends are payments made by companies to shareholders from their profits. 3. Rental income is generated from owning real estate properties that are rented out. 4. Online businesses can provide passive income once the initial setup is done. 5. Royalties are payments received for the use of content created in the past. 6. Diversifying income streams is important for financial independence and making money while you sleep. 7. NFTs have the potential to revolutionize the royalties asset class.     Chapters   | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast and topic of passive income | | 0:00:50 | Philip Washington, Jr. introduces the concept of passive income | | 0:02:06 | Dividends as a type of passive income | | 0:05:39 | Rental properties as a source of passive income | | 0:06:51 | Online businesses and their potential for passive income | | 0:09:01 | Podcasts and other forms of online content as passive income | | 0:10:47 | Royalties as a form of passive income for content creators | | 0:12:49 | Phillip emphasizes the importance of having multiple income streams | | 0:12:59 | Closing remarks and end of the podcast |   Social Media Handles  Follow Philip Washington, Jr. on Instagram (@askphillip) Subscribe to Wealth Building Made Simple newsletter (https://wealthbuildingmadesimple.us) 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: - Balancing reason and imagination is crucial for successful investing. - Overreliance on reason can hinder creativity and lead to overthinking. - An undisciplined imagination can result in a disconnect from physical reality. - Using both reason and imagination allows for a more holistic and informed approach to investing. - Imagining a future wealthy self can help maintain a positive mindset and make decisions aligned with long-term goals. Chapters   | Timestamp | Summary | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast episode | | 0:01:41 | Announcement about changes in podcast frequency | | 0:02:11 | Explanation of reasoning and imagination | | 0:04:26 | Importance of balancing reason and imagination | | 0:07:11 | Negative effects of overthinking with reason | | 0:08:46 | The power of imagination in changing financial situations | | 0:10:11 | The importance of balancing reason and imagination in investing | | 0:14:24 | Using reason and imagination to analyze the impact of artificial intelligence | | 0:17:38 | Choosing to flow with change rather than resisting it | | 0:18:27 | Story about using imagination to balance decision-making | | 0:21:04 | Conclusion and closing remarks |   Social Media Handles  Follow Philip Washington, Jr. on Instagram (@askphillip) Subscribe to Wealth Building Made Simple newsletter (https://wealthbuildingmadesimple.us) 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 family limited partnership is a legal entity that allows for the organized transfer of assets within a family structure. - Setting up a family limited partnership can help reduce the overall value of an estate, potentially lowering estate tax implications. - Income and losses can be allocated to different family members, taking advantage of lower tax rates. - It is important to work with an attorney and tax advisor to properly set up and manage a family limited partnership. Chapters | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast | | 0:00:13 | Disclaimer about the information presented | | 0:00:48 | Phillip and Alison discuss tax benefits | | 0:01:35 | Introduction to family limited partnerships | | 0:03:40 | Benefits of family limited partnerships | | 0:05:46 | Allocation of income in a family limited partnership | | 0:06:46 | Difference between family limited partnerships and family trusts | | 0:07:50 | Contact information for Alison | | 0:08:58 | Conclusion and closing remarks | | 0:09:21 | Disclaimer about the information presented |   Powered by ReiffMartin CPA and Stone Hill Wealth Management https://www.reiffmartincpa.com/ https://stonehillwealthmanagement.com/   Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us   Social Media Handles  Follow Philip Washington, Jr. on Instagram (@askphillip) Subscribe to Wealth Building Made Simple newsletter (https://wealthbuildingmadesimple.us/subscribe/) 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.    

On this week's AvTalk, Ian flies solo with Jason under the weather. This week's show is on the shorter side, with 100% less repartee, but we hope you'll enjoy it nonetheless. Washington withdraws as FAA nominee Phillip Washington, the current CEO of Denver Airport has withdrawn his nomination to be the Administrator of the Federal […] The post AvTalk Episode 209: Ian's surprise solo show appeared first on Flightradar24 Blog.

On Tuesday's Mark Levin Show, a Mexican cartel murdered 2 American citizens, and the Biden administration's response is all talk and no action. Democrats always talk about gun control for American citizens, but never about cartel gun control and their dominance of the southern border. Mexican cartels have invaded this country under the Biden Administration, and this will have dangerous effects for decades to come. President Biden and the Democrat party have used illegal immigration to unleash this violence on our society, and they've used it to try and affect the demographics of the country. We have a narco state south of the border using the same tactics as ISIS, because ISIS learned it from watching the drug cartels. Also, American history isn't American Marxism or the 1619 project, and Ken Burns knows that despite going on CNN to tear down Ron DeSantis. They hate DeSantis because he's the only one fighting against this ideology taking hold in our classrooms and pushing the Democrat Marxist agenda. Then, Medicare and Medicaid funding is going bankrupt, and the Democrat plan to fix it is to tax families making over $400,000 or more to replenish the fund. Democrats don't believe in a responsible budget but will continue to win elections like the Marxists they are, by pretending to be for the common people and to tax the rich. Later, Biden and his administration only care about diversity, not competency, which is how you get nominees like Phillip Washington to run the Federal Aviation Administration. Washington has no experience in aviation and was unable to answer basic questions for the job during a congressional hearing and has no idea whatsoever what he is doing. The Democrat party puts its racist CRT, DEI, equity agenda ahead of the safety of millions of Americans who fly on airlines. Learn more about your ad choices. Visit podcastchoices.com/adchoices