Podcasts about stone hill wealth management

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.

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.

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: 1. The decision of whether to buy an investment property or a primary residence depends on individual circumstances and goals. 2. Building equity in an investment property can help increase housing affordability by adding another stream of income. 3. Investing in up-and-coming areas can lead to significant appreciation over time. 4. Stability and security are important factors to consider when buying a primary residence, especially for families with children. 5. Being an early adopter of a community can provide opportunities for growth and potential financial gains. Quotes: - "If you can get in, get in." - Rob Lewis - "The best bank account ever, especially when other people are putting money in the account." - Rob   Chapters | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast and sponsor | | 0:00:46 | Phillip and Rob discuss whether a first home should be an investment or primary residence | | 0:02:03 | Rob shares his perspective on the importance of stability and security | | 0:03:34 | Phillip discusses the benefits of buying an investment property first | | 0:07:27 | Rob explains how rental income can help with housing affordability | | 0:09:14 | Phillip suggests a strategy for making a primary residence a good investment | | 0:10:48 | Rob talks about being an early adopter of a community | | 0:12:07 | Phillip mentions the advantage of knowing about development and growth | | 0:13:16 | Rob provides his contact information | | 0:13:39 | Closing remarks and contact information for Phillip |   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.  

Summary: Rob and Phillip discuss housing affordability in this episode. They emphasize the importance of homeownership and building equity, even in a fluctuating market. They advise listeners to adjust perspective and focus on the feeling of a home they desire rather than getting caught up in societal expectations. Timestamp Summary 0:00:01 Introduction and disclaimer 0:00:44 Philip and Rob introduce the topic of housing affordability 0:01:56 Rob emphasizes the importance of real estate as an investment 0:03:26 Discussion on the current state of the housing market 0:04:14 Explanation of infill lots and their role in real estate 0:06:17 Rob advises lowering standards to find affordable housing 0:07:39 Importance of making a house a home through personalization 0:09:18 Discussion on the negative effects of greed and desire 0:10:53 Rob shares his contact information 0:11:56 Closing remarks and disclaimer   Quotes: "Your house is just a house until you put some people in it. That's when it becomes a home." "Greed is desiring something that you feel you lack or yearning for something that you feel you lack. Trying to get something through the external version of it, as opposed to working from the inside."   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.    

Summary: Rob and Phillip discuss the five reasons why a home may not be selling. They emphasize the importance of pricing, marketing, condition, location, and upgrades in attracting buyers and maximizing the value of a property. They also highlight the need for effective communication between sellers and realtors to align goals and objectives. Rob Lewis shares his expertise and offers his contact information for those seeking guidance in the real estate market.   Timestamp Summary 0:00:01 Introduction to the podcast and sponsor 0:00:45 Philip and Rob introduce the topic of the episode 0:01:16 Joking about Rob being the "real estate messiah" 0:04:24 Discussion of the five reasons homes don't sell 0:05:59 Importance of pricing and marketing a home correctly 0:07:37 The role of home condition in selling 0:08:28 The impact of neighborhood appearance on home value 0:09:17 The value of upgrades in increasing home value 0:11:42 Importance of considering overall goals when selling a home 0:13:49 Rob shares his contact information   Rob's Quotes "Clean the house. You would be amazed at some of the houses that you walk in, and it is just filthy." "If your neighbor's house looks atrocious or the grass is up to your waist, I'm going to offer to cut that person's yard." "Fresh paint does wonders.” "Changing out a countertop. Depending on the size of the kitchen, $3,000. But however, it might greatly increase the value of the kitchen." "Avoid having to reduce the price. Do those things, bring the value up to the price, and then you sell it. Probably above the list price." "If you have a ton of equity… and if you're on a tight time frame, we're not going to do very many upgrades because everything you have is already there."   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.

Summary   It's important to have a positive mindset when it comes to building wealth and achieving success in real estate. There is a difference between the middle class and the rich when it comes to buying and selling real estate.  The rich focus on finding a property that meets their high standards and tastes, while affordability is the biggest concern for the middle class.  Rob and Phillip touch on the topic of ensuring privacy for properties and suggest the idea of putting it in a trust if it's a primary residence or an LLC if it's an investment property.    Chapters   | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast and sponsor | | 0:00:44 | Philip introduces the episode with Realtor Rob Lewis | | 0:01:02 | Discussion on the ease of wealth building | | 0:02:29 | Mindset being the key to wealth building | | 0:03:05 | Discussion on playing Jesus in the drama ministry | | 0:04:07 | Idea of redoing The Last Supper art piece | | 0:04:50 | Explanation of the true meaning of The Last Supper | | 0:05:34 | Discussion on the Medici's and the image of Jesus | | 0:05:44 | Differences between the rich and middle class in real estate | | 0:07:13 | Real estate as a means of winning and growing wealth for the rich | | 0:08:04 | Ensuring privacy and security for properties through trusts and LLCs | | 0:09:49 | Differences in mindset of the rich and middle class in buying and selling properties | | 0:10:22 | Safety and security as a top concern for the rich | | 0:11:20 | Feeling surrounded by people who are similar as a form of security for the rich | | 0:11:37 | Differences in mindset between working class and middle class in building wealth | | 0:13:00 | Perception of wealth and race in segregating neighborhoods | | 0:15:56 | Society's subconscious thought on systemic practices | | 0:16:26 | Importance of enlightening people to think differently | | 0:16:32 | Rob Lewis' contact information | | 0:17:11 | Rob Lewis' nickname as the Real Estate Jesus |   Quotes - "Wealth building made easy is not about it being simple, it's about it being enjoyable." - "Jesus represents the version of yourself that you invent, the better version of yourself." - "Real estate is a powerful investment strategy because it's a tangible asset that can generate passive income." - "Location is key when investing in real estate, do your research and know the market." - "Diversification is key to building a successful investment portfolio." - "Short-term thinking can lead to short-term gains, but long-term thinking leads to long-term wealth." - "The biggest security that the rich have is feeling like they are surrounded by other people who are just like them." - "The impact of systemic practices on society's subconscious thoughts about race and wealth."   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.

Summary   It's important to have faith and adopt a mindset of knowing that things will work out when it comes to having confidence in affording children.  It's also important to be satisfied with what you have and appreciating the present moment, rather than focusing on what you don't have. That foundation keeps us from going outside ourselves to seek what we desire which leads to overspending and all kinds of other stress.   Things change over time, and you'll be able to provide more and more for your children as your resources expand. Breaking a generational curse is not about giving children material things, but rather passing along emotional intelligence.    Chapters   | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast and topic of discussion | | 0:00:30 | Disclaimer about investment risks and advice to consult a financial advisor | | 0:00:46 | Emotional approach to affording children: having faith that things will work out | | 0:01:55 | Practical approach to affording children: Warren Buffet's example of renting an inexpensive apartment and using a drawer as a crib | | 0:04:54 | Having the mindset of knowing that things are going to work out and being willing to do what you need to do to make ends meet | | 0:06:03 | Being satisfied with where you are today and allowing the picture to fill in through inspiration, ideas, and intuition | | 0:06:52 | Focusing on the positive aspects of what you want and being satisfied with what you have | | 0:07:29 | When you are not satisfied with where you are currently, you are shutting your mind down to ideas and opportunities that can make things better | | 0:09:22 | Appreciating the beauty of the process of life and being easy about it | | 0:10:27 | Making adjustments, passing emotional intelligence, and breaking generational curses | | 0:11:01 | Disclaimer about Stone Hill Wealth Management and consulting a qualified financial advisor before implementing any strategy discussed herein | Quotes - "Once you have faith, which you can call it love, you can call it faith, you can call it feeling good, you can call it satisfaction, you can call it appreciation, I'm just going to call it faith… But when you have a confident feeling that things work out you open up your genius." (0:03:13) - "If you can just be satisfied…be happy where you are today." (0:06:03) - "The way you break a generational curse is not to give them (children)  stuff. It breaks by passing along emotional intelligence." (0:10:27)   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.

Summary   It's important to catch small issues early on to avoid costly repairs in the future. With short term rentals, hosts have the opportunity to inspect the property after each guest leaves and address any issues before the next guest arrives. This is unlike traditional rentals where tenants may be less inclined to report minor issues, leading to bigger problems down the line. Hosts often charge a cleaning fee to guests, with some hosts charging the full fee while others charge a partial fee.   It is important to create a unique experience for guests. Finding a property with unique details that can be highlighted helps enhance that experience as well. There is no potential limit to what hosts can charge for their short term rentals as long as the experience matches the expense. Additionally, hosts can rent out rooms in their homes or designate a section of their homes for short term rentals, providing even more opportunities to earn extra income. Chapters   | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the episode and sponsor | | 0:00:28 | Disclaimer about investments | | 0:00:45 | Introduction to the topic of maintaining a short-term rental | | 0:01:20 | Comparison of maintenance for short-term rentals vs. standard rentals | | 0:03:30 | Personal experience with maintaining short-term rentals | | 0:04:43 | Cleaning process for short-term rentals | | 0:05:28 | Importance of finding a reliable cleaning service | | 0:05:30 | Charging cleaning fees to guests | | 0:07:07 | Additional fees that can be charged on Airbnb | | 0:07:29 | Potential for unlimited income with short-term rentals | | 0:08:35 | Importance of finding unique details to enhance guest experience | | 0:09:40 | Possibility of cities and HOAs changing to allow short-term rentals | | 0:10:29 | Renting out rooms in your home as a short-term rental | | 0:10:42 | Contact information for Rob, the Realtor | Quotes  **(0:01:32)** "With short term rentals, you have the ability to get in the house every time a guest leaves." **(0:08:00)** "There is no limit to what you can potentially charge for short term rentals. So if your experience matches the expense that you charge, people will pay it."   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.

Overview Phillip breaks down the topic of losing money in investments into two categories: permanent loss and short-term loss. He emphasizes the importance of having the right mindset when dealing with losses and learning from them to grow and expand. Timestamped Chapter Summary Introduction of the topic (0:00:01) Mindset and learning from losses (0:02:17) Overcoming permanent loss (0:03:02) Short-term loss and the importance of mindset (0:04:48) Learning process and building confidence (0:06:16) The importance of investing on principles (0:06:43) Finding the principle and building confidence (0:07:16) Connecting the dots and having faith in the principle (0:08:05) The market reflects the mindset of the collective (0:08:36) Investing on principles and the learning process (0:10:30) Your wealth comes from you (0:11:32) Relevant Links and Resources Wealth Building Made Simple Newsletter (https://wealthbuildingmadesimple.us/) Stone Hill Wealth Management (https://stonehillwealthmanagement.com/) Quotable Phrases and Takeaways "The wealth that I'm going to attain comes from my mindset." (0:03:02) "There's a learning process for everybody. It's part of how we expand. It's part of how you grow." (0:05:21) "Don't beat yourself up. You learn. Move forward." (0:06:16) "Invest in principles. And when you make a mistake, don't live in it. Move forward. Know it's part of the process." (0:10:30) "Your wealth comes from you because you are the wealth." (0:11:32) 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 Notes: Here are some key considerations to keep in mind when purchasing a short-term rental property:   Location: The location of the property is crucial as it can impact the demand for short-term rentals, the rental rates, and the occupancy rates.   Local Regulations: Research the local regulations and zoning laws to ensure the property can legally be used as a short-term rental.   Property Management: You'll need to consider how you plan to manage the property, whether you'll hire a property manager or handle it yourself.   Renovations and Furnishings: Depending on the condition of the property, you may need to invest in renovations and furnishings to make it appealing to short-term renters.   Market Demand: Analyze the local short-term rental market to determine if there is a demand for rental properties in the area.   Financing: Consider the financing options available to you, including mortgage rates, loan terms, and down payment requirements.   Profitability: Calculate the potential income and expenses associated with owning a short-term rental property to determine if it will be profitable. Timestamps 0:01:27 Conversation on Acquiring an Airbnb Property 0:03:35 Discussion on Acquiring an Airbnb Property and Budget Considerations 0:09:35 Understanding the Cost of Furnishing and Staging a Short-Term Rental Property 0:11:50 Estimating Airbnb Revenue and Expenses for Short-Term Rentals   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    

Summary Notes: David Jones II (The Black Business Cowboy) and Philip Washington Jr. discuss how to make money off of growing produce in one's own home. David covers how to best get started, what type of produce grows well in various climates, and how to maximize profits from one's homegrown produce. They also discuss the importance of researching the right type of soil, fertilizers, and other necessary nutrients for successful plant growth. Additionally, they discuss the importance of investing in the right containers, planters, greenhouses, and other equipment that can help maximize the return on investment. Finally, they emphasize the importance of taking the time to properly nurture and tend to the plants in order to maximize the yield. Urbanization has disconnected us from nature, but it can be a positive thing if we utilize it to its fullest capacity. Urban Grower Supply and Micro Farm (David's company) offer solutions to this, providing products and information to help people grow their own food in their homes. Through Urban Grower, individuals can make $1,000 a week from just six square feet, providing supplemental or full-time income for their families.     Timestamps 0:03:05 Urban Farming: Growing 20 Pounds of Food in 1,000 Square Feet 0:08:18 Utilizing Indoor Spaces to Generate Supplemental Income Through Urban Farming   Follow David Jones II on IG: https://www.instagram.com/blackbusinesscowboy/   Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us Powered by Stone Hill Wealth Management https://stonehillwealthmanagement.com/   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.   Powered by Stone Hill Wealth Management

Summary notes:  Renewable energy technology is making its way into the manufacturing business in a big way.  The cost of the technology used to harness renewable energy is coming down due to increased volume. Manufacturers are taking advantage of this opportunity as they can service more customers with lower energy expenses.   Solar farms are a popular option as they provide income while reducing risk. In order to stay relevant, one has to adapt to the changing environment and not be left behind.  Many wise business people are integrating bitcoin mining into energy input manufacturing operations, with an example of a man in Austin who partners with oil producers to mine bitcoin from the extra gas produced during digging.   Timestamps 0:01:26 Renewable Energy in Manufacturing Processes 0:03:28 Exploring the Benefits of Renewable Energy and Bitcoin Mining 0:09:26 Exploring the Benefits of Utilizing Existing Resources for Manufacturing 0:11:12 The Benefits of Acquiring Goods in a Preferred Currency in the Metal Business   Follow David Jones II on IG: https://www.instagram.com/blackbusinesscowboy/   Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us/subscribe Powered by Stone Hill Wealth Management https://stonehillwealthmanagement.com/   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.   Powered by Stone Hill Wealth Management

Summary notes:  The discussion centers on how decentralizing the truth can lead to more equitable distribution of resources. The example of 3D printing is used to illustrate how it can benefit manufacturing. 3D printing allows people to model up their ideas with free or inexpensive software and hardware, and make exactly what they want. It could lead to more people being involved in the manufacturing process and having a collective amount of money rather than it being accrued to the top. There are three types of manufacturing: craftsmen, small manufacturers, and large manufacturers. Craftsmen will still have a place, as they are able to create personalized items with skill. Small manufacturers are already somewhat decentralized, and they are able to respond to customization and personalization. Finally, large manufacturers are needed for scaling and reducing the price point. Additive manufacturing, automation, and other emerging technologies may make it easier for people to become craftsmen and small manufacturers. This would allow people to open an Etsy shop or begin printing items and let them run around the clock. Timestamps 0:01:47 Discussion on Decentralizing Manufacturing with 3D Printing 0:04:03 Exploring Decentralization in Manufacturing: Craftsman, Small Manufacturers, and Large Manufacturers 0:05:58 The Benefits of Leveraging Technology for Manufacturing and Personalization 0:11:35 Leveraging Additive Technology for Operational Efficiency 0:13:46 The Benefits of Embracing Technological Progress University of Arkansas in Fayeville for college and studied industrial engineering. He originally wanted to design prosthetic limbs but changed his mind and decided to study industrial engineering because of its prestige. During college he got a couple of internships in an industrial setting and discovered that he enjoyed working with tangible things. He worked at Frito Lay's largest plant in the world as his first job. The conversation is about how emerging technologies are having an impact on the industrial industry.  Additive manufacturing is one of the biggest changes in the industry which is the process of starting with basic building blocks of material and forming it into the desired thing.  3D printing is an example of additive manufacturing, and that it can create incredibly complex and specific forms of material within a short amount of time. There are two dominant types of 3D printing machines (but many more), those that print with metal and those that print with plastic. 3D printing is already used in many everyday objects, such as Invisalign braces and medical devices. Finally, the speaker noted that the best way to get in contact with them is on social media.   Timestamps 0:02:56 Exploring the Impact of Emerging Technologies on the Industrial Industry with 0:08:36 Conversation about 3D Printing -Exploring the Process and Applications    Follow David Jones II on IG: https://www.instagram.com/blackbusinesscowboy/   Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us/subscribe Powered by Stone Hill Wealth Management https://stonehillwealthmanagement.com/   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.   Powered by Stone Hill Wealth Management

Summary notes: This episode discusses the concept of deflation.  Deflation runs counter to the current world's banking system that runs on inflation. The book "The Price of Tomorrow" by Jeff Booth explains that deflation is a good thing because it means the cost of living is going down over time. Technology is a manifestation of our understanding of the laws of the universe and as our knowledge of those laws expand, it should lower the cost of things. However, humans build their value structure on top of those old prices and resist those lower costs. Politicians pass legislation to regulate prices and keep them artificially high, which goes against the laws of nature, where the prices should be free and abundant. Whether you experience deflation or inflation comes down to where you keep your savings and where you deploy your talents.   Timestamps 0:01:50 Exploring the Benefits of Deflation 0:04:06 Exploring the Impact of Technology on the Economy and Cost of Living 0:12:24 The Impact of the Gold Standard on the American Economy   Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us/subscribe Powered by Stone Hill Wealth Management     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 notes: Robert and Phillip discussed the potential of creating a real estate firm that would focus on tokenizing real estate around the world. They talked about the amount of money that could be made if people were to tokenize their privately owned real estate. It could be possible for regular homes in desirable areas like the Dallas Metroplex to be worth $5 million or more if tokenized. The conversation then shifted to the potential of tokenizing real estate and how it could impact the value of property.  Tokenizing real estate could open up new opportunities for developments that are not available today, and how using tokens could lead to more creative solutions.   Timestamps 0:02:43 Exploring the Potential of Tokenized Real Estate and Land Investment 0:10:36 Rob Discusses His Successful Airbnb Journey   Join the Wealth Building Made Simple waiting list for more content: https://www.wealthbuildingmadesimple.us/subscribe   Powered by Robert Lewis, Jr. at Ink Realty and Stone Hill Wealth Management   https://ink-realty.com/ https://stonehillwealthmanagement.com/  

Summary notes: Tokenization is the process of turning an  asset into a digital representation that can be traded on the blockchain.  The tokenization of real estate property can potentially revolutionize the real estate industry.  Companies used to be privately owned only before the stock market.  The stock market idea democratized ownership through financial markets. The title companies of the future could become like investment banks and realtors could become like wealth managers as people would need more advice with more options to invest in real estate. Different capital structures (types of ownership) could provide different benefits, such as being able to reserve certain weekends at a discount.  This innovation might also potentially significantly increase the value of the property in the most popular cities in America. Tokenizing real estate also solves the problem of international investors wanting US dollar based assets with a decent return.  Money flows through the global financial system most through bank lending.  When banks slow down lending (like they have since the 2008 crash), this creates a huge dollar shortage because non-US citizens don't earn dollars, but still need dollars to trade on the global market.   Timestamps 0:01:02 Conversation on the Tokenization of Real Estate Property  0:07:55 The Benefits of Tokenization of Real Estate   Powered by Robert Lewis, Jr. at Ink Realty and Stone Hill Wealth Management   https://ink-realty.com/ https://stonehillwealthmanagement.com/   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 notes: Having a clear vision and an understanding of what you want to accomplish with your podcast is the key to success.  Other important keys involve building solid relationships, being consistent, and focusing on improving the quality of your content.  Derek Johns shared his experience of starting his podcast and the struggles he faced in the beginning. He also stressed the importance of staying true to yourself and your vision, despite the noise and criticism you may face. Timestamps 0:00:55 Exploring the Vision of Dear Son Podcast Network 0:03:40 Conversation on Positive Storytelling and Raising Consciousness   Powered by Stone Hill Wealth Management  https://stonehillwealthmanagement.com/   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 notes: There are times in business where we wear all the hats because that's where we are in the stage of our growth.  Then there are times when it's time to start delegating because every minute you spend doing work that you could pay someone else to do is costing the company money.   Alison and Phillip discuss ways to know when it's time to hire a team for your business finances.     Powered by ReiffMartin CPA and Stone Hill Wealth Management   https://www.reiffmartincpa.com/ https://stonehillwealthmanagement.com/    

Summary notes: Most business transactions are relatively simple from a technical standpoint.  Meaning, we have buyers and we have sellers that want to exchange money for an asset, good, or service.  Markets are relatively developed these days so it's not that difficult to determine the value of the asset, good, or service being exchanged.   Because of that some people are questioning the need for middle person  in between transactions.  A middle person can be considered a medium, an in between.  A good medium is good if they make the process simpler, easier, and/or more profitable.  A "bad" medium does the opposite.  So a middle person can enhance or take away from the deal, but it might not be a great idea to just through out the baby (having a professional in between) with the bathwater (a bad experience).     Powered by Robert L. Lewis, Jr.  at Ink Realty and Stone Hill Wealth Management   https://ink-realty.com/  https://stonehillwealthmanagement.com/   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 of two part series: Part 1 of this two part series discusses the importance of exit planning for business owners. It covers topics such as the importance of having a plan in place for when you want to leave your business, the different options available for exiting a business, and the importance of understanding the financial implications of an exit. It also provides advice on how to create an effective exit plan and how to maximize the value of your business when you decide to leave. Powered by ReiffMartin CPA and Stone Hill Wealth Management https://www.reiffmartincpa.com/ https://stonehillwealthmanagement.com/      

Summary notes: Data is becoming a more valuable asset as technology advances and we move more into the digital age, just as oil was an important resource in the industrial age.  Companies are now utilizing data in order to improve their services and products. By utilizing data, companies can make more accurate decisions, reduce risk, and optimize processes. Additionally, data can be used to gain insights into customer behavior and preferences.  John D. Rockefeller is a famous figure in the history of the industrial economy due to his efficient and disciplined refining process. He capitalized on the need for oil as an energy source by investing in efficient processes and raising lots of capital to do so. He was also known for cooperating with other refiners and buying them out for generous prices, building a massive oil empire in the process.  Fast forward to the digital age, where artificial intelligence is a key driver of the economy and the companies that mirror John D's business acumen will have a solid dominant competitive advantage. AI has the potential to replace knowledge workers in many industries, such as consulting, financial planning, healthcare, and law. Companies such as Facebook, Instagram, and TikTok have already made money by gathering data on consumer preferences. Companies that have access to high quality and high quantity of data will be able to sell it to companies that are building AI. Two examples of companies that have already integrated AI into their products are Tesla and Google, who have access to a large amount of data that can improve their products. Timestamps 0:01:17 John D. Rockefeller and the Industrial Economy: A Reflection on the Power of Efficiency and Cooperation 0:03:46 Exploring the Value of Data in Artificial Intelligence 0:11:23 AI and Data: The New Oil of the Digital Age   Powered by Stone Hill Wealth Management

Summary notes: Innovation is important to any economy, and one of the most essential component of this is new ideas. Typically, youth bring in these new ideas because they are the least resistant to change and have the most desire to create change.  The importance of having new ideas and entrepreneurs who can bring them to life is essential in the modern economy. Money is also a necessary factor in the economy, being attracted to new ideas and entrepreneurs. Additionally, organizers or managers are needed to keep everything flowing properly and help the new ideas come into place. Helpers are necessary to ensure that the entire process is successful. Salespeople of the old days are being replaced by content creators as they are the people who know how to get people's attention in the digital age. Educators must also change their methods and focus more on the parts of our brains that computers can't replace, like creativity, inspiration, and emotional intelligence. There are many new industries coming up in the new economy, such as digital commerce, businesses, and workers, that need to be supported.  All of these components are essential for a successful economy and will continue to be important in the future. Timestamps 0:01:59 Topic: Exploring the Cooperative Components of Economies Throughout History + 0:10:13 Heading: The Changing Economy: Exploring the Roles of Helpers, Evangelists, and Educators in the New Economy 0:17:22 Exploring the Need for Digital Wallets, Blockchain Technology, and Healers in the New Economy  0:18:52 "Exploring the Opportunities for New Healers in the Age of Technology" 0:21:29 "Embracing Change in the New Economy   Powered by Stone Hill Wealth Management

Podcasters: Robert L. Lewis, Jr. and Phillip Washington, Jr.  SUMMARY  Philip Washington Jr. and Rob Lewis of Ink Realty discuss the concept of reimagining cities for the digital nomad generation. The conversation begins by touching on the issue of housing affordability and the need for solutions to address the problem. Philip and Rob then discuss how the digital nomad generation is changing the concept of cities, as more people are choosing to work remotely and opting to live in cities on a part-time basis. They talk about the potential for cities to become more flexible and adaptable to the changing lifestyle needs of digital nomads. They also discuss some of the opportunities this could bring.  People in their 30s and 40s who have money and don't need an office to work are looking for ways to own real estate and move around, creating a new kind of nomadic lifestyle. This is what Chip and Joanna did in Waco, Texas, creating an experience and taking advantage of the city's resurgence. Rob is a realtor who offers real estate buying and selling services.  He is reachable via cell phone at 214-225-3453 and email rob@inkrealtygroup.com.    TIMESTAMPS  0:00:01   Episode #7: Reimagining Cities for the Digital Nomad Generation with Rob L. Lewis 0:01:01   Heading: Exploring the Gap Between Old and New Real Estate Ideas for Profit 0:03:28   Heading: Exploring the Possibilities of Investing in Real Estate for Digital Nomads 0:07:58   Rob L. Real Estate Investment Consultation with Philip Washington Jr.   HIGHLIGHTS  So you can be a destination type city for digital nomads who want to have different experiences in different cities. Digital nomads want to own real estate. They're just not attached to a location.  Powered by Ink Realty and Stone Hill Wealth Management

This episode is from the go to podcast for Mansfield, Texas residents About Mansfield Podcast with guest host Steve Cosio.     Powered by Stone Hill Wealth Management

Podcaster: Phillip Washington, Jr.  Investing topics discussed: Artificial intelligence Digital wallets Digital commerce Genomics (gene editing) Blockchain technology Bitcoin NFTs 3D Printing Space Energy Space Powered by Stone Hill Wealth Management

Podcasters: Alison Reiff-Martin, CPA and Phillip Washington, Jr.    These are themes business operators will have to navigate over the next decade.  Alison and Phillip discuss positive perspectives around growing your business through this time period.     Powered by ReiffMartin CPA and Stone Hill Wealth Management

Podcasters: Robert L. Lewis, Jr. and Phillip Washington, Jr.   Rob and Phil discuss the record amount of real estate equity Americans are sitting on, why it's likely to increase over time, and ideas around how to use that equity to potentially increase wealth. Powered by Ink Realty and Stone Hill Wealth Management

Podcaster: Phillip Washington, Jr.   Topics: ChatGPT White collar jobs that will be replaced How humans will evolve as we always have Powered by Stone Hill Wealth Management

Podcaster: Phillip Washington, Jr.  In this episode, Phillip discusses: How to calculate how much money you need to become financially independent 3 income sources for achieving financial independence  The benefits of short term financial goals along the way Powered by Stone Hill Wealth Management

Podcaster: Alison Reiff-Martin, CPA and Phillip Washington, Jr.    Powered by ReiffMartin CPA and Stone Hill Wealth Management

Podcaster: Phillip Washington, Jr.    Powered by Stone Hill Wealth Management

Podcasters: Robert L. Lewis, Jr. and Phillip Washington, Jr.    Powered by Ink Realty and Stone Hill Wealth Management

Podcaster: Phillip Washington, Jr.  Thought we posted this episode last week, but we accidentally posted one episode twice!   Powered by Stone Hill Wealth Management and phillipwashingtonjr.com

Podcaster: Phillip Washington, Jr.   Powered by Stone Hill Wealth Management and phillipwashingtonjr.com

Podcaster: Phillip Washington, Jr.    Powered by Stone Hill Wealth Management and phillipwashingtonjr.com

Podcasters: Alison Reiff-Martin, CPA and Phillip Washington, Jr.    Powered by ReiffMartin CPA and Stone Hill Wealth Management

Podcasters: Robert L. Lewis, Jr. and Phillip Washington, Jr.    Powered by Stone Hill Wealth Management

Podcaster: Phillip Washington, Jr.    Powered by Stone Hill Wealth Management and phillipwashingtonjr.com

Podcaster: Phillip Washington, Jr.   Powered by Stone Hill Wealth Management

Podcasters: Alison Reiff-Martin, CPA and Phillip Washington, Jr.    Powered by ReiffMartin CPA and Stone Hill Wealth Management

Podcaster: Phillip Washington, Jr.    Powered by Stone Hill Wealth Management and phillipwashingtonjr.com

Podcaster: Phillip Washington, Jr.    Powered by Stone Hill Wealth Management and phillipwashingtonjr.com

Podcaster: Phillip Washington, Jr.    Powered by Stone Hill Wealth Management and phillipwashingtonjr.com

Podcaster: Phillip Washington, Jr.    Powered by Stone Hill Wealth Management and phillipwashingtonjr.com

Podcaster: Phillip Washington, Jr.    Powered by Stone Hill Wealth Management and phillipwashingtonjr.com

Podcasters: Steve Cosio and Phillip Washington, Jr.    Powered by About Mansfield Podcast and Stone Hill Wealth Management 

Podcasters: Terrie Chantel and Phillip Washington, Jr.    Powered by Stone Hill Wealth Management and phillipwashingtonjr.com

Podcasters: Robert L. Lewis, Jr. and Phillip Washington, Jr.    Powered by Stone Hill Wealth Management and phillipwashingtonjr.com

Podcaster: Phillip Washington, Jr.    Powered by Stone Hill Wealth Management and phillipwashingtonjr.com