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PODCAST

Wealth-Building Made Simple

Phillip Washington Jr.

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.

business investing

All Episodes

09:48

End-of-Year Tax Planning: Don't Miss These...

Wealth-Building Made Simple ·

2024/12/13

Key Takeaways:Boost Retirement Savings Putting as much money as possible into retirement accounts like a 401k or SEP IRA isn’t just good for your future—it can lower the amount of taxes you pay now. Smart Business Purchases If your business needs big equipment, like a computer or machinery, buying it before the end of the year could reduce your taxes. But only do this if it makes sense for your business plan and budget. Plan Your Spending Wisely Pay attention to how and when you spend money or

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08:04

XRP: The Speedy Messenger of Money

Wealth-Building Made Simple ·

2024/12/11

Key Takeaways:XRP Helps Banks Move Money Fast XRP is used by banks to send money quickly and cheaply across countries. It works like a middleman to exchange different currencies. How XRP is Different From Others XRP isn’t the same as FedNow, stablecoins, or Bitcoin. It’s made for fast, worldwide transactions, while others have different purposes. Works Like PayPal for Currencies Think of XRP as a tool that moves money between banks quickly, similar to how PayPal helps people send money to each

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12:13

Navigating Uncertainty: Financial Management for...

Wealth-Building Made Simple ·

2024/12/06

Key Takeaways:Be Ready for Uncertain Times Make a strong financial plan and budget that can handle unexpected changes in the market. This helps you stay strong even when things get unpredictable. Stay Calm and Think Clearly Use emotional intelligence, like staying mindful and calm, to make better decisions in your business and think through challenges clearly. Build Connections Spend time meeting and learning from others in your field. Networking can give you new ideas and improve your business

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08:17

Knowing When to Sell: The Art of Letting Go in Investing

Wealth-Building Made Simple ·

2024/12/04

Key Takeaways:Know When to Sell It’s important to have a plan for when to sell your investments. Don’t let emotions like fear or excitement guide your decisions. Spread Out Your Investments Putting your money in different types of investments (diversification) helps lower the risk of losing it all if one thing goes wrong. Bitcoin vs. Traditional Investments Bitcoin has potential for big growth, but it’s important to compare its expected returns with safer options like government bonds to decide

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11:33

Think Like a Private Equity Professional to Grow Your...

Wealth-Building Made Simple ·

2024/11/29

Key Takeaways:Private Equity Focuses on Growth Private equity means outside investors put money into a privately owned business to help it grow and make more profit. Learn to Cut Costs Like Private Equity Business owners can act like private equity investors by carefully watching expenses and finding ways to spend less on getting new customers while still making good profits. Plan for the Long Run Setting clear financial goals and making smart plans for the future helps businesses grow and become

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05:48

How Wealthy Families Use Life Insurance as a Personal...

Wealth-Building Made Simple ·

2024/11/27

Key Takeaways:Life Insurance Can Build Savings Cash value life insurance gives both a payout when you pass away and grows like a savings account you can use while you’re alive. You Can Borrow From It Without Credit Checks You don’t need a credit check to borrow from the cash value in your life insurance policy, which can make getting money easier. Invest Borrowed Money for Growth Borrowed money from your policy can be invested in things that grow in value, helping your money potentially grow

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09:15

Private Credit - An Useful Tool for Business Growth

Wealth-Building Made Simple ·

2024/11/22

Key Takeaways: Private Credit Offers Flexible Loans Private credit is a way to borrow money from lenders who aren’t regular banks like Chase or Wells Fargo. It often gives businesses more flexible options. Private Lenders Have Rules for Borrowers These lenders usually set certain financial rules, called covenants, for businesses. For example, they may require businesses to keep a certain balance between debt and equity (ownership money) to make sure they’re financially stable. Higher Rates But Good

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07:31

The Two Brothers and the Secret to Wealth: It's Not...

Wealth-Building Made Simple ·

2024/11/20

Key Takeaways: Balance Knowledge with Calmness Being smart about money is important, but staying calm and managing your emotions can open up special opportunities to grow wealth. Invest in Innovation Wisely When you invest in new ideas, it helps to understand how they combine fresh thinking with classic principles that have always worked. Bitcoin as a Key Cryptocurrency Bitcoin is often seen as the “Coca-Cola” of digital money. It’s one of the most important and well-known types of cryptocurrency

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07:06

Relative Value: A Guide to Smart Money Management

Wealth-Building Made Simple ·

2024/11/13

Key Takeaways:Compare Investment Options Look at different investments and compare them to see which ones fit your financial goals best. This helps you choose the ones that make the most sense for you. Think Long-Term Focus on investments that are likely to grow over time. Pay attention to trends in the market and pick investments that solve big problems, as they’re more likely to do well in the future. Understand Risks and Opportunities Each investment type, like cash, bonds, or new things like

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11:07

Cashing In: How to Make Your Business a Financial...

Wealth-Building Made Simple ·

2024/11/08

Key Takeaways: Show Clear Finances and Growth Buyers want to see that your business is financially organized and growing steadily. This means having good records of income and expenses and showing that your business is getting better over time. Explain Your Vision Quickly When talking about your business, be able to share its purpose and goals in a short, clear way—like in 30 seconds. This shows that you know your business well and are ready to share it with others. Offer Reliable Income and Room to

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08:15

Reading the Market's Mood: How I Use Technical Analysis

Wealth-Building Made Simple ·

2024/11/06

Key Takeaways:Inflation and central bank interest rates directly impact investments. Higher rates can slow down spending and affect the value of investments. Technical analysis looks at market trends, like price patterns, while fundamental analysis checks how strong a company is financially. Digital investments like Bitcoin are becoming important in the “gravity economy,” which means they could pull in more wealth over time. Chapters: Timestamp Summary 0:30 Understanding Technical Analysis 1:30

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12:27

Selling Your Business to a Strategic Buyer: Make Them...

Wealth-Building Made Simple ·

2024/11/01

Key Takeaways:EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is a key way to measure how much a business is worth. Different industries use different multiples to estimate value, like if a company earns $1 million in EBITDA and the industry multiple is 5, the company might be worth $5 million. Having strong partnerships and well-organized systems can make a business more attractive and potentially increase the sale price. Chapters: Timestamp Summary 0:00 Attracting

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08:29

How to Invest Like a Billionaire for Beginners

Wealth-Building Made Simple ·

2024/10/30

Key Takeaways:After big events like the 2008 financial crash, some investors found great opportunities by sticking to basic economic principles. Principles stay the same, but the way markets behave can change, like how technology and human choices affect investment opportunities. Smart investors don’t just follow trends; they adapt based on these core principles to succeed in unpredictable times. Chapters: Timestamp Summary 0:41 Economic Principles vs. Theories 1:11 Importance of Economic

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11:17

Making Your Business Irresistible: How to Attract the...

Wealth-Building Made Simple ·

2024/10/25

Key Takeaways:Keep Good Financial Records: Make sure your financial records are clear and accurate to show buyers your business is stable and growing. Reduce Owner Dependence: Make sure the business doesn’t rely too much on the owner, so it’s more appealing to buyers. Diversify Income: Have different ways of making money to lower risks and protect the business from financial problems. Show Your Business’s Value: Create a strong story about what makes your business special to attract more interest

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09:50

Bitcoin: The New S&P 500 of the Digital Age

Wealth-Building Made Simple ·

2024/10/21

Key Takeaways:Bitcoin as Digital S&P 500: Bitcoin is seen as the digital version of the S&P 500, offering big growth opportunities in the world of financial innovation. Ongoing Innovation: Innovation has evolved from farming improvements to today's technology and automation in many industries. Investors Like Bitcoin: Big investors look for steady growth, and bitcoin has performed well over the past decade, making it attractive. Bitcoin’s Potential: With uncertain markets, bitcoin could

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07:42

Who's Buying Your Business? The Different Types of...

Wealth-Building Made Simple ·

2024/10/18

Key Takeaways: Know Your Buyers: Understand the difference between individual investors, strategic partners, financial buyers, and family offices so you can sell your business the right way. Match Your Goals: Make sure any potential buyer shares your goals for the business and its future to ensure a good partnership or sale. Partnering Up: Think about working with similar or complementary businesses to offer better services and increase your business's value. Financial Buyers: Understand that

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04:06

Tesla: The Future of Transportation, NOT Just a Car...

Wealth-Building Made Simple ·

2024/10/16

Key Takeaways:Tesla: More Than Just Cars: Tesla isn't just building cars; they're also a major player in artificial intelligence and software that could change how we get around. Think self-driving cars and robot taxis! Transportation on Demand: Just like we subscribe to Netflix for movies and Spotify for music, Tesla wants us to subscribe to transportation. Imagine paying a monthly fee for a self-driving car that takes you wherever you need to go! The Robot Revolution: Self-driving cars could

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08:40

The "Lazy" Entrepreneur's Path to Wealth: A Case Study

Wealth-Building Made Simple ·

2024/10/14

Key Takeaways:Investing doesn't have to mean giving up the good life. You can use the money your business makes to invest and grow your wealth without having to work harder. Spread your money around. Don't put all your eggs in one basket. Invest in a mix of things, like Bitcoin, stocks, and maybe even some real estate. Get some help. A good financial advisor can help you make a plan and stick to it, even when things get tough in the market. Think long term. Don't worry too much about the

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07:02

Michael Saylor's Bold Bitcoin Bet: How He's Using...

Wealth-Building Made Simple ·

2024/10/11

Key Takeaways: Michael Saylor is using a clever tool called "convertible debt" to borrow tons of money at low interest rates. He's then using that borrowed money to buy Bitcoin. Saylor believes Bitcoin is like a shield against inflation (when prices go up). He's basically betting that Bitcoin's value will increase more than the interest he has to pay on the loans. Lenders like this deal because they have the option to convert the debt into shares of MicroStrategy stock later on. If Bitcoin's price

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06:16

The Liquidity Factor: Why it Matters More Than You...

Wealth-Building Made Simple ·

2024/10/09

Key Takeaways: Liquidity: The Easy Flow of Money: Liquidity is like a river - it's how easily you can buy or sell something (like a stock) without causing a big splash in its price. Lots of buyers and sellers mean high liquidity, which makes trading smooth and easy. The Liquidity Journey: Companies go through different stages, starting with low liquidity when they're new and ending with high liquidity when they're big and established. Understanding these stages can help you make smart investment

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202 results

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