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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

13:28

Navigating Trade Wars: Protecting Your Money in a...

Wealth-Building Made Simple ·

2025/04/07

Key Takeaways: What Happens in a Trade War? Countries charge extra taxes (tariffs) on imports from rival nations. This makes goods more expensive for businesses and consumers. Over time, it can slow down the economy and increase prices. Where to Put Your Money When Trade Wars Happen Some investments are safer during economic uncertainty: Gold: Holds its value when money loses purchasing power. Defensive Stocks: Companies that sell everyday necessities, like food and healthcare, stay

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10:06

Tax Time Made Easier

Wealth-Building Made Simple ·

2025/04/04

Key Takeaways:Keep Financial Records Organized – Keeping track of income and expenses throughout the year makes tax time easy and stress-free. No scrambling for receipts at the last minute! Bookkeeping is More Than Just Taxes – Good record-keeping isn’t just for tax season—it helps businesses understand their profits and plan for future growth. Be Strategic with Tax Deductions – While tax write-offs can lower your tax bill, they should fit into your bigger financial goals. Some deductions may not

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12:44

Decoding the Economy: Supply, Demand, and the Money Game

Wealth-Building Made Simple ·

2025/04/02

Key Takeaways:Why Prices Go Up and Down When lots of people want something but there isn’t much of it, prices go up (like when concert tickets sell out). When there’s too much of something and not enough buyers, prices go down (like when stores have sales to clear out old inventory). How the Federal Reserve Affects the Economy The Federal Reserve (or "the Fed") controls how much money is in the economy. It changes interest rates to make borrowing easier (low rates) or harder (high rates), which

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14:21

Balancing Savings, Credit, and the Economy

Wealth-Building Made Simple ·

2025/03/31

Key Takeaways:Saving Helps Everyone When people save money, it doesn’t just sit there—it gets used to help businesses grow and create jobs. This makes the economy stronger and more stable. Smart Borrowing Helps the Economy Grow Using credit (borrowing money) the right way—like taking a loan to buy a house or start a business—helps the economy grow. But if too many people borrow irresponsibly, it can cause financial problems. Inflation vs. Deflation Inflation means prices go up over time, making

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08:38

Practical Steps for Easy Business Financial Management

Wealth-Building Made Simple ·

2025/03/28

Key Takeaways:Track and Reconcile Finances Regularly – Just like athletes stick to a training schedule, businesses need to check their financial records often. Keeping track of income and expenses helps avoid costly mistakes. Plan for Taxes Year-Round – Instead of waiting until tax season, businesses should review their tax situation every few months. This helps them take advantage of tax-saving opportunities, like R&D tax credits. Analyze Financial Statements – Checking the income statement,

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13:07

A History of Money: From Goldsmiths to Bitcoin

Wealth-Building Made Simple ·

2025/03/26

Key Takeaways:Gold Was the Original Money – For thousands of years, gold was used as money because it was rare, valuable, and didn’t lose its worth over time. People trusted it to store their wealth. Goldsmiths Created the First Banks – Long ago, goldsmiths kept people’s gold safe and gave them paper receipts for it. Over time, these receipts started being used like money, which led to the banking systems we have today. The US Dollar Became the World’s Money – After World War II, many countries

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09:42

Money: More Than Just Cash in Your Pocket

Wealth-Building Made Simple ·

2025/03/24

Key Takeaways: Money Has Three Main Jobs – It helps people trade (buy and sell things), store value (save for later), and measure the worth of goods and services (like saying a bike costs $200). Without money, trade would be much harder! Inflation Makes Money Lose Value – Over time, prices go up because of inflation. This means the same amount of money buys less than it did before. For example, a soda that cost $1 ten years ago might cost $2 today. Money Systems Change Every 30–50 Years –

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07:16

Understanding Your Business Financial Statements

Wealth-Building Made Simple ·

2025/03/21

Key Takeaways:The Three Financial Statements Matter – Businesses use three main reports: the balance sheet, the income statement, and the cash flow statement. Each one tells a different part of the financial story. The Income Statement Shows Profitability – This report tracks how much money a business makes (revenue), what it spends (expenses), and whether it made a profit or loss over a specific time. The Balance Sheet Shows What a Business Owns and Owes – It lists assets (what the business

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20:36

Faith vs. Alignment: Understanding the Difference...

Wealth-Building Made Simple ·

2025/03/19

Key Takeaways:Alignment is More Than Faith – Simply believing things will work out isn’t enough. True alignment requires a clear mind, logic, and an open perspective. Great Investors Stay Aligned – Instead of fearing market ups and downs, successful investors understand that change and volatility are natural parts of the economic cycle. Optimism + Reality = Clarity – The best financial decisions come from balancing hope for the future with a realistic view of what’s happening in the market. Ignore

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11:17

Setting up a Solid Business Financial System

Wealth-Building Made Simple ·

2025/03/14

Key Takeaways:A Good Accounting System Saves Money – Tracking your income and expenses properly helps you pay the right amount of taxes and avoid costly mistakes. The better your records, the more money you can save! Choose the Right Accounting Software – Many small businesses use QuickBooks, but there are other options like Xero and FreshBooks. The right software depends on your business size and needs. Use Separate Bank Accounts for Safety – Having different accounts for daily operations,

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16:00

Bitcoin Structured Products: A Safer Way to Invest?

Wealth-Building Made Simple ·

2025/03/12

Key Takeaways:A New Way to Invest in Bitcoin – Structured products allow investors to gain exposure to Bitcoin’s upside while protecting part of their initial investment. Like Bonds, But With More Growth Potential – These products often use safe assets, like government bonds, to help secure a portion of your money while still allowing for gains. Using Options to Manage Risk – The bull call spread strategy involves buying and selling Bitcoin call options, helping investors control costs and limit

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34:25

What is an Economy?

Wealth-Building Made Simple ·

2025/03/10

Key Takeaways:The Economy is a Marketplace – Imagine a giant farmers' market where people exchange goods and services. The economy works the same way, with businesses, workers, and governments all playing a part in keeping things running smoothly. Supply and Demand Control Prices – When lots of people want something (like a new video game), but there aren’t many available, the price goes up. If there are too many of that game and not enough buyers, the price drops. This is how supply and demand

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10:51

The Future of Teamwork: Remote Work, Hybrid Models,...

Wealth-Building Made Simple ·

2025/03/07

Key Takeaways:Remote Work Helps Attract Top Talent – Many skilled professionals prefer flexible work options, so companies that offer remote or hybrid setups have a better chance of hiring the best people. Fewer New CPAs Means More Flexibility is Needed – The number of new Certified Public Accountants (CPAs) is decreasing, so businesses need to be more open to remote work to fill these important roles. Productivity Matters More Than Location – Instead of focusing on whether employees are

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20:23

Sovereign Wealth Funds: The New Central Banks of the...

Wealth-Building Made Simple ·

2025/03/05

Key Takeaways:What is an SWF? – It’s a financial reserve that countries use to invest in different assets, like stocks, real estate, and businesses, to grow their wealth over time. Where Does the Money Come From? – SWFs are usually funded by selling natural resources (like oil), trade profits, government surpluses, tariffs, and sometimes even newly printed money. How Do SWFs Invest? – They spread their investments across different areas, including stocks, bonds, real estate, private companies, and

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10:58

Reimagining Retirement: How to Thrive in the 21st...

Wealth-Building Made Simple ·

2025/03/03

Key Takeaways:Consider Bitcoin as an Investment – Allocating a small part of your retirement savings to Bitcoin could be a smart move due to its growth potential and innovation in finance. Live Where Costs Are Lower – Moving to communities that focus on affordable housing and transportation can free up more money for travel, hobbies, and enjoying life. Treat Your Health Like an Investment – Staying active, eating well, and managing stress can help lower future medical expenses and improve your

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11:11

Data is King: Harnessing the Power of Data Analytics

Wealth-Building Made Simple ·

2025/02/28

Key Takeaways:Technology Boosts Productivity – Businesses that use the latest technology can work faster and more efficiently, which helps them stay competitive. Big Investment Opportunities – The S&P 500, which tracks the biggest U.S. companies, is expected to grow because of new technologies. This means there are great opportunities for investors. Tax Benefits for Innovation – Companies that invest in research and development (R&D) can get tax breaks, making it more affordable to develop

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17:57

Understanding Currency Risk and How to Manage It Part 2

Wealth-Building Made Simple ·

2025/02/26

Key Takeaways:Inflation and Currency Devaluation Inflation makes prices rise, and this can lower the value of a country’s currency. When this happens, investments tied to that currency might also lose value, creating challenges for investors. What is Currency Hedging? Currency hedging is like locking in the value of money to protect it from future changes. While it sounds helpful, it can add extra layers of risk and complexity to your investment strategy. The Role of Interest Rates and Central

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16:25

Understanding Currency Risk and How to Manage It Part 1

Wealth-Building Made Simple ·

2025/02/25

Key Takeaways:Currency Fluctuation The value of money, like the US dollar, changes over time. These changes can impact the prices of investments, especially when you compare them across different countries. Currency Risk Central banks control how much money is made. If they print too much, the currency loses value (devaluation), making it riskier for people holding that money. Global Ripple Effect When big currencies like the US dollar change value, it impacts global markets. It can affect

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16:07

Spotting Market Mispricings: Bitcoin and Real Estate

Wealth-Building Made Simple ·

2025/02/24

Key Takeaways: Markets Make Mistakes – Prices of assets like stocks, real estate, and Bitcoin can be wrong because investors rely too much on history instead of future potential. Bitcoin’s Big Opportunity – Bitcoin has a fixed supply and operates without a central authority, making it similar to the early days of the Internet—full of potential for long-term growth. Real Estate is Changing – With more people working remotely and new technology reshaping how businesses operate, the demand for

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10:45

Navigating the Cybersecurity Minefield

Wealth-Building Made Simple ·

2025/02/21

Key Takeaways:Data Helps Make Better Decisions – Collecting information is great, but the real value comes from turning that data into useful insights that help businesses improve. Know Your Goal First – Before diving into data, businesses need to define what they want to achieve. Having a clear goal makes it easier to find the right information. Work with Experts – Teaming up with professionals like accountants, financial advisors, and IT specialists helps businesses understand data from

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201 results

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