Shows / Wealth-Building Made Simple
Wealth-Building Made Simple
Money can be stressful, but it doesn’t have to be! This podcast is about helping people understand their finances and make smart choices for their future.
Episodes
- Wealth-Building Made Simple
Planning for Business Risks: Divorce, Disagreement, Disability, Distress, and Death
Key Takeaways: Plan for potential risks in your business, such as divorce, partner disagreement, disability, distress, and death. Work with an attorney to…
- Wealth-Building Made Simple
Maximizing Business Value: The Importance of Exit Planning
Key Takeaways: Income vs. value creation: Business owners should focus on both generating income and creating long-term value in their businesses. Regular…
- Wealth-Building Made Simple
Learn About the Benefits of Donor Advised Funds for Tax Planning
Key Takeaways: Donor-advised funds allow individuals to receive an immediate tax deduction for their donations and have time to decide which organizations to…
- Wealth-Building Made Simple
Preparing for Year-End Taxes: Tips and Strategies for a Smooth Filing
Key Takeaways: Review your pay stubs and assess tax withholdings to avoid any surprises. Maximize contributions to HSAs and traditional 401(k) plans to reduce…
- Wealth-Building Made Simple
Preparing Your Business for Loans and Investors: Key Financial Considerations
Key Takeaways: Business owners should have a strong understanding of their financials, including income statements, balance sheets, and debt schedules…
- Wealth-Building Made Simple
Four Ways to Improve the Value of Your Business
Key Takeaways: Owner reliance can decrease the value of a business, so it's important to have a team in place to help run the business. A strong management…
- Wealth-Building Made Simple
Protecting Your Business from Cyberattacks: Impact on Value and Reputation
Key Takeaways: Small to medium-sized businesses are more vulnerable to cyberattacks and should invest in cybersecurity measures. Cyberattacks can have a…
- Wealth-Building Made Simple
2024 Budget Considerations for Business Owners
Key Takeaways: Start tax planning early and review financials to make informed decisions for the upcoming year. Analyze revenue trends and identify areas where…
- Wealth-Building Made Simple
401k and Cash Balance Plans
Key Takeaways: The CARES Act allows business owners to receive up to a $5,000 tax credit for the next three years to offset administrative costs of setting up…
- Wealth-Building Made Simple
Tax Loss Harvesting
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…
- Wealth-Building Made Simple
4th Quarter Tax Planning
Key Takeaways: Purge your house and donate non-cash items to charity to maximize tax deductions. Consider donating underperforming stocks to charity to offset…
- Wealth-Building Made Simple
Ways to Fund Business Growth
Key Takeaways: Funding the business yourself gives you complete control over how you run your business. Taking out a loan requires careful consideration of…
- Wealth-Building Made Simple
Managing Business Cash-Flow with Alison Reiff-Martin CPA
Key Takeaways: - Tracking cash flow is crucial for business owners to ensure they have enough money to cover costs and make informed financial decisions. -…
- Wealth-Building Made Simple
The Benefits of Having Key Performance Indicators in Business
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…
- Wealth-Building Made Simple
The Importance of Focus in Business
Key Takeaways: 1. Niching down allows businesses to focus on a specific target audience and provide a specialized product or service. 2. Specializing helps…
- Wealth-Building Made Simple
The ”Airbnb” Ban in Dallas
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…
- Wealth-Building Made Simple
Business: The Tax Benefits of a Family Limited Partnership
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…
- Wealth-Building Made Simple
Real Estate: ”Should my first home be an investment property or my primary residence?”
Key Takeaways: 1. The decision of whether to buy an investment property or a primary residence depends on individual circumstances and goals. 2. Building…
- Wealth-Building Made Simple
Estate Planning: The tax benefits around setting up a family foundation
Summary: Alison and Phillip discuss the tax benefits of setting up a family foundation. They explain that a family foundation is a philanthropic organization…
- Wealth-Building Made Simple
Real Estate: Housing Affordability Solutions in 2023
Summary: Rob and Phillip discuss housing affordability in this episode. They emphasize the importance of homeownership and building equity, even in a…
- Wealth-Building Made Simple
Media: Investing in podcasts
Summary: Phillip discusses the potential for investing in the podcast industry. He highlights the parallels between podcasting and the music industry…
- Wealth-Building Made Simple
Business: Tax effective ways to take money out of a business
Summary: Alison, CPA and Phillip discuss tax-effective ways to get equity out of a business. They explore options such as distributions, loans, and increasing…
- Wealth-Building Made Simple
Real Estate: Five reasons your home isn’t selling
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…
- Wealth-Building Made Simple
Business: ”What are the tax implications of being paid in equity?”
Summary Alison and Phillip discuss the tax implications of being paid in equity. They explain that being paid in equity means receiving stock or ownership in a…
- Wealth-Building Made Simple
Real Estate: The mindset difference between rich buyer and sellers and the middle class
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…
- Wealth-Building Made Simple
Business: Smoothie King Business Study Takeaways
Summary This episode focuses on the business takeaways from Alison and Phillip’s Smoothie King study. A big takeaway from the study is to make sure you have a…
- Wealth-Building Made Simple
Business: The Franchise Business Model
Summary This conversation was focused on the advantages of investing in a franchise. This investment is not for the faint of heart and requires a significant…
- Wealth-Building Made Simple
Real Estate: Managing short term rental properties ”Airbnbs”
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…
- Wealth-Building Made Simple
Business: Studying the Evolution of Smoothie King Management Team
Summary Smoothie King is a successful franchise model that has been in business for over 40 years. The company has had two CEOs, with Wan Kim taking over in…
- Wealth-Building Made Simple
Real Estate: The math around buying and selling AirBNBs
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…
- Wealth-Building Made Simple
Business: A Brief Study of the History of Smoothie King
Summary Notes: Smoothie King was founded in **1973** in Kenner, Louisiana by Steve and Cindy Kuhnau. The company was still privately held as of November 2012¹…
- Wealth-Building Made Simple
Business: Apple, Inc. in the Tim Cook Era
Summary Notes: Alison and Phillip wrap this series by discussing Apple's growth and innovation during Cook's tenure, from the introduction of the Apple Watch…
- Wealth-Building Made Simple
Business: The Maturity and Decline Phase of Apple, Inc.
Summary Notes: This is part 3 of our month-long series on lessons learned from Alison and Phillip studying Apple, Inc. The Maturity and Decline phase of Apple…
- Wealth-Building Made Simple
Innovation: Renewable energy in the future of manufacturing
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…
- Wealth-Building Made Simple
Business: The Growth Phase of Apple, Inc.
Summary notes: In the growth phase of a company, it's important to make sure to have a the right team in place. A fast growing company encounters unnecessary…
- Wealth-Building Made Simple
Business: Insights from studying Apple Computer as a start up
Summary notes: This is part 1 of a 4 part series where Alison Reiff-Martin CPA and Phillip Washington, Jr. discuss their insights on the company Apple starting…
- Wealth-Building Made Simple
Business: Embracing technology in your business
Summary notes: Integrating technology into your practice can help you streamline processes and make your work more efficient. There are various types of…
- Wealth-Building Made Simple
Real Estate: Building your real estate empire in the new world
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…
- Wealth-Building Made Simple
Media: The intersection of NFTs and podcasting
Summary notes: This episode discusses the potential of using Non-Fungible Tokens (NFTs) in the podcasting industry. Derek Johns and Phillip talked about how…
- Wealth-Building Made Simple
Business: Using ChatGPT in accounting
Summary notes: GPT(General Purpose Technology) is a technology-enabled method that automates processes and analyzes data faster and more accurately, leading to…
- Wealth-Building Made Simple
Real Estate: Turning homes into NFTs on the blockchain
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…
- Wealth-Building Made Simple
Business: When is the right time to stop doing your own taxes?
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…
- Wealth-Building Made Simple
Real Estate: The benefits of hiring a real estate professional
Summary notes: Most business transactions are relatively simple from a technical standpoint. Meaning, we have buyers and we have sellers that want to exchange…
- Wealth-Building Made Simple
Why the most successful business owners are masters of cash-flow
Summary notes: In this episode, Phillip and Alison discussed cash flow management. The two discuss the importance of cash flow management and how it can help…
- Wealth-Building Made Simple
Real Estate: New technology for selling your home faster
Summary notes: Technology such as virtual tours and 3D walk-throughs can be used to help people get a better idea of the home and what it has to offer, while…
- Wealth-Building Made Simple
Business: How to improve your financial focus as a business owner
Summary notes: Alison and Phillip discussed developing KPIs in order to better track the success of the business. Alison suggested performing frequent business…
- Wealth-Building Made Simple
Real Estate: How wealth families buy homes
Summary notes: Many real estate buyers and sellers are stuck in the mindset of what the market was like 5 or 10 years ago when they last had a transaction…
- Wealth-Building Made Simple
Tax planning: IRS penalties for putting too much money into a Roth IRA
Summary notes: Roth and Traditional IRAs are special trust accounts allowed by the IRS to promote financial security for Americans in their non working years…
- Wealth-Building Made Simple
Real Estate: The Generational Shift in Buying Habits
Summary notes: Interest rates affect the home buying process like never before. As interests rates swing up and down and up again, what should homebuyers do to…
- Wealth-Building Made Simple
Business: Unlocking the full value of your business Part 2
Summary notes: In this conversation, Alison and Phillip discuss how to exit a business. They mention three common ways to do so: selling it to a third party…
- Wealth-Building Made Simple
Real Estate: Exploring the Future of Tiny Homes
Summary notes: Rob and Philllip discuss tiny homes and the progression of home sizes over the years. They consider how the wealth of people is increasingly…
- Wealth-Building Made Simple
Business: Unlocking the full value of your business Part 1
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…
- Wealth-Building Made Simple
2023 Tax Strategies for Investors
Summary notes: In this episode Alison and Phillip provide tips for financial advisors to know for their clients and for clients to ask their financial advisor…
- Wealth-Building Made Simple
Real Estate: Is the market on the brink of a crash?
Summary Notes: Phillip and real estate expert Rob Lewis Jr. discuss whether or not the real estate market is in the process of crashing. Prices started to come…
- Wealth-Building Made Simple
Business: Planning for a stress-free tax season
Summary notes: Alison and Phillip discuss the importance of keeping detailed financial records, taking advantage of available tax deductions, creating a plan…
- Wealth-Building Made Simple
Business: Navigating layoffs, talent shortages, and artificial intelligence
Podcasters: Alison Reiff-Martin, CPA and Phillip Washington, Jr. These are themes business operators will have to navigate over the next decade. Alison and…
- Wealth-Building Made Simple
Tax Strategies for 2023
Podcaster: Alison Reiff-Martin, CPA and Phillip Washington, Jr. Powered by ReiffMartin CPA and Stone Hill Wealth Management
- Wealth-Building Made Simple
Advanced Planning: New 401(k) plan changes
Podcasters: Alison Reiff-Martin, CPA and Phillip Washington, Jr. Powered by ReiffMartin CPA and Stone Hill Wealth Management
- Wealth-Building Made Simple
Advanced Planning: The importance of having your assets owned by the right entity
Podcasters: Alison Reiff-Martin, CPA and Phillip Washington, Jr. Powered by ReiffMartin CPA and Stone Hill Wealth Management
- Wealth-Building Made Simple
Business Financial Planning: What to do after you’ve sold your business for millions
Podcasters: Alison Reiff-Martin, CPA and Phillip Washington, Jr. Powered by ReiffMartin CPA and Stone Hill Wealth Management