The Weekly Wealth Podcast
Ep 229: FREE STUFF FOR YOU!
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Free Tools for Individuals
Debt Snowball CalculatorPersonal Balance Sheet GeneratorPersonalized Risk Number10-Minute Vision Call with DavidFree Tools for Business Owners
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Ep 228: Rewiring Your Mindset for Wealth and Worthiness – with Kam Knight
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In this episode of The Weekly Wealth Podcast, host and Certified Financial Planner David Chudyk welcomes personal development author and mindset coach Kam Knight to dive deep into the psychology of self-worth, resistance, internal dialogue, and financial growth.
🔑 Key Topics Covered:
Why internal resistance grows when your desires grow—and how to reduce it
The real reason many peopl...
Ep 227: Lessons from Hulk Hogan, Theo Huxtable, Ozzy, and Ryne Sandburg
đź”— Resources and Links:
10-Minute Wealth Vision Call: WeeklyWealthPodcast.com/vision – Quick, no-pressure financial clarity session.Business Value Builder Score: WeeklyWealthPodcast.com/valuebuilder – Find out how sellable your business is and how to increase its value.Join the Conversation: Weekly Wealth Podcast Facebook Group – Share your thoughts and get accountability on updating your estate plan.What You’ll Learn in This Episode:
Why Estate Planning Matters – Key components every plan should include to protect your loved ones and your wealth.Beneficiary Designations – How simple oversights can push your assets into probate and delay inheritance for your heirs.Powe...
Ep 226: Budgetting is a bad word, money psychology, and the worst kinds of financial advice
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Learn more about David by listening to episode 215: Who is David Chudyk and what does he do?
Ep 225: RICH
📩 Let’s Connect!
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đź“ž Ready for Clarity?
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Episode 224: Breaking Down the Big Beautiful Bill: What You Need to Know
As always, please contact me to connect. Whether it's to chat about this week's podcast episode or anything else on your mind: David's Calendar
Takeaways:
The Big Beautiful Bill is a massive 900-page law that includes tax reforms and spending changes. One major change is the extension of the 2017 tax cuts for individuals, which helps many taxpayers. Seniors will benefit from an additional $6,000 exemption, providing them with more tax relief. Another key point is the introduction of a tax credit for contributions to scholarship organizations. The standard deduction has increased by 10%, making it easier for many...EP 223: Freedom Isn't Free: Smart Strategies for Financial Independence
In celebration of Independence Day, this episode dives into a different kind of freedom—financial freedom. David Chudyk, Certified Financial Planner, shares powerful insights on what financial independence truly means for high earners, business owners, and the mass affluent.
Spoiler: It’s not just about having a big income—it’s about creating financial margin, controlling your time, and building true wealth.
💥 What You’ll Learn:
Why 66% of high earners still live paycheck to paycheckThe definition of financial margin and why it's the fuel for freedomHow to spot and stop lifestyle creep before it sabotages you...Ep 222: Aleatory, Umbrellas & Other Weird Insurance Terms That Actually Matter
đź’ˇ Episode Summary
We all love talking about growing our money—stocks, ETFs, crypto, and dividends. But what about protecting what we've already worked so hard to earn?
In this episode, Certified Financial Planner and property & casualty agency owner David Chudyk dives deep into one of the most overlooked, least "sexy"—but absolutely essential—tools in your financial toolkit: property and casualty insurance. Whether you're a homeowner, a driver, or a business owner, understanding this coverage can protect your financial future in a big way.
🧠What You'll Learn
âś… What is Property & Casualty Insurance?
...Ep 221: Finding Your Voice in a Crowded Market with Munira Zahabi, The Niche Navigator
🎧 EPISODE SUMMARY:
In this episode of The Weekly Wealth Podcast, host David Chudyk sits down with Munira Zahabi—consultant, author, podcast host, and the renowned Niche Navigator. They explore what it really takes to stand out in today’s noisy marketplace and how giving your business a voice can dramatically shift your visibility and profitability.
Whether you’re an entrepreneur feeling unseen or just looking for smarter ways to market yourself, this conversation is packed with real talk, personal stories, and actionable strategies to help you grow with purpose.
You’ll learn:
What it mea...Ep 220: Business Ownership: Hard Yes. Worth It? Also Yes.
🔑 Episode Summary
In Episode 220 of The Weekly Wealth Podcast, David Chudyk flips the script from last week’s focus on business challenges to highlight the powerful benefits of entrepreneurship. From unlimited income and legacy-building to personal growth and purpose, this episode is your reminder of why business ownership is one of the most rewarding journeys you can take — financially and personally.
🧠What You’ll Learn
The true upside of owning a business (hint: it's not just money)How business ownership unlocks the 4 Freedoms: time, money, relationships, and purposeWhy your business is your most valuable appreciating...Ep 219: Owning a business is hard
🔑 Episode Summary
In this episode of The Weekly Wealth Podcast, David Chudyk gets real with business owners — from startup entrepreneurs to seven-figure professionals — and shares the six most common mistakes that sabotage business success and financial peace. This is a must-listen if you want to run a more profitable, less stressful business and finally build lasting wealth.
🧠What You’ll Learn
Why treating your business bank account like a personal ATM leads to disasterHow not knowing your numbers is killing your profitWhy you’re probably undercharging — and what to do about itHow niche focus and diversified...Episode 218: Financial Reality Check: Learning from Tommy Paul
As always, you can email me at david@parallelfinancial.com to connect.
Takeaways:
Making a lot of money doesn't mean you won't face financial struggles down the road. Many high earners face unexpected financial issues despite their wealth and earnings. It's important to manage your spending wisely, regardless of how much you earn. Impulse buying can lead to regret and financial instability, so be mindful of spending. Regular financial check-ins can help keep your money situation in check and prevent issues. Even busy people must confront their financial realities to avoid future problems.Links...
Episode 217: The End of Two Eras
david@parallelfinancial.com if you would like to connect on any matter.
Takeaways:
We learned that enjoying the journey in life is as important as the destination. Witnessing our kids grow through sports has taught us invaluable life lessons. Human nature leads us to focus on negatives; we should aim for a balanced view. Developing a strong network while in college can greatly impact future career opportunities. Sports and college experiences teach us resilience, helping us navigate life's ups and downs. Friendships built during these eras enrich our lives and help us grow together....
Ep 216: From Job to Asset: Transform Your Business Mindset
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Takeaways:
Small business owners face unique financial challenges that require careful planning and strategy. Managing personal and business finances simultaneously can be overwhelming for many business owners. Establishing strong financial habits is essential for business owners to achieve long-term success. Creating a retirement plan can help attract talent and ensure personal financial security for business owners. Recurring revenue models can significantly enhance the financial stability of a business over time. Utilizing resources like PEOs can provide...Ep 215: Who is David Chudyk and what does he do?
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(88) The Weekly Wealth Podcast - YouTube
In this episode, I share what my financial planning practice does to help clients succeed. I emphasize the importance of understanding each client's unique financial goals and needs. Financial planning is about more than just investments; it includes tax planning and risk management. I explain the seven-step financial planning process that guides my work with clients effectively. I highlight how accountability plays a key role in achieving financial goals for my clients. We...Episode 214: From Employee to Entrepreneur: Key Considerations
Please email me, David Chudyk, with any questions, or if you just want to connect: david@parallelfinancial.com
Takeaways:
Freelancers and independent contractors have more control over their work compared to employees. It's important to remember that freelance income is subject to self-employment taxes, unlike W2 income. Planning for irregular cash flow is crucial for freelancers and independent contractors. Independent contractors can deduct business expenses, which can lower their taxable income significantly. Having a good relationship with a tax professional is essential for managing freelance income. Freelancers must handle their own training and professional development expenses...Episode 213 - Diving into Asset Classes: What You Need to Know
Email David Chudyk at david@parallelfinancial.com with your questions.
Takeaways:
In 2025, stock market volatility is a big deal, and we're here to help you make solid financial choices. Understanding different asset classes can empower you to build a stronger investment portfolio. Stocks can be great for long-term value, but they come with market risks and emotional challenges. Bonds are usually more stable than stocks, but they might offer lower returns over time. Real estate offers passive income and tax benefits, but requires careful management and can be illiquid. Cryptocurrency is the new frontier of investment...EP 212: Space Whiskey and Business Wisdom: A Chat with Adam Anderson
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Reach Adam Anderson on Linkedin 🚀Adam Anderson | LinkedIn
Takeaways:
In this episode, we dive into the exciting concept of space whiskey and its potential market. Adam shares his journey of transitioning from a CEO to focusing on his entrepreneurial passions in space. We discuss the unique challenges and opportunities of aging whiskey in space using sound waves. The podcast covers how community and networking play a crucial role in entrepreneurial success. We explore the imp...Episode 211: Trump's Tariffs: Who's Paying the Price (and Who's Going Broke?)
Make sure to email David Chudyk with your questions, david@parallelfinancial.com.
Takeaways:
In this episode, we discussed how tariffs are taxes on imported goods that affect prices. We explored the history of tariffs in the U.S. and their impact on the economy since 1789. The pros and cons of tariffs were examined, including their effects on domestic industries and consumer prices. We talked about the potential consequences of recent tariffs, including increased costs for consumers and trade tensions. The idea that our businesses are designed to give us current results was emphasized...Episode 210: Understanding the Market: Your Guide to Smart Investing
Make sure to email David Chudyk with your questions, david@parallelfinancial.com
Takeaways:
In investing, there is never a perfect time to start; it's always a bit scary. Being informed about investment terms helps you make smarter financial decisions over time. Market conditions fluctuate, so your investments may not reflect the overall market trends. Understanding metrics like alpha and beta can empower you to evaluate your investments better. The S&P 500 is a popular index, but not all investments follow it equally in performance. Professional financial management adds accountability and systematic decision-making to your investment strategy. <...Ep 209: Copywriting and Comedy: The Perfect Duo for Your Business
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You can find out more about Jill Pavlov by visiting her website copy-pop.com
Takeaways:
We had our first comedian guest, Jill Pavlov, who brings humor to serious topics. This episode dives into how copywriting can enhance your business strategy effectively. Jill shared her journey in comedy and how laughter serves as a coping mechanism. We discussed the importance of understanding financial tools like credit cards to avoid costly mistakes. The conversation highlighted how humor can bridge tough financial discussions with clients...Ep 208: Market Volatility 101: Essential Questions for Smart Investors
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Takeaways:
In times of stock market volatility, it's important to ask how it impacts your personal financial situation. Consider potential opportunities in the market; downturns can lead to undervalued assets worth investing in. Diversification is key; make sure your investments are not overly concentrated in one area or asset class. Evaluate your investment time horizon; long-term investors might tolerate short-term volatility better than short-term ones. Have a solid investment strategy that aligns with your goals and avoid...Episode 207: Trump's Tariffs and Stock Market Woes: What You Need to Know
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Takeaways:
In this episode, we discuss how recent stock market volatility is affecting investors' emotions and financial decisions. We emphasize the importance of having different buckets of money for short-term and long-term investments to manage risks better. The podcast covers financial instruments like indexed annuities and buffered ETFs that can help protect against market downturns. We talk about the significance of maintaining adequate cash reserves, especially for those nearing retirement, to weather financial storms. We explore the impact of...Ep: 206 Trina's Journey: From Barista to Business Boss
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Please connect with Trina Julian by going to:
trinajulian.comtrinajulian.com/newslettertrinajulian.com/instagramTakeaways:
This episode dives into how business owners can improve profitability and automate operations. Trina Julian shares her journey of building and selling her landscaping business successfully. Building a business requires systems and processes that can operate without constant oversight. It's essential for business owners to let go of perfectionism and delegate tasks effectively. The right mindset...Ep. 205: Leadership Skills that Can Boost Your Business
As always, make sure to email David@parallelfinancial.com with any questions.
Don't forget to get your VALUEBUILDER SCORE at www.weeklywealthpodcast.com/valuebuilderscore
Leadership is a skill that can be improved with practice, just like any other skill. Great leaders show vulnerability and admit their shortcomings to their teams regularly. Leaders should lead by example, demonstrating the behaviors they want to see in their teams. Defining success clearly for your organization is essential to align team efforts effectively. Providing recognition for both big and small accomplishments fosters a positive team culture. Effective communication skills are...Ep 204: Dive into Wealth Strategies with David Steele
As always, email david@parallelfinancial.com with any questions and get your value builder score at www.weeklywealthpodcast.com/valuebuilderscore
Learn more about David Steele by visiting https://davidsteel.xyz/
Takeaways:
In this episode, we dive into the principles of business success with David Steele, who is a seasoned entrepreneur. David Steele shares how his journey blends finance, creativity, and philanthropy to build sustainable wealth. The conversation emphasizes the importance of making financial decisions based on facts rather than assumptions or feelings. Successful entrepreneurs need to focus on building generational businesses instead of chasing...Think Before You Click: Navigating Financial Advice on Social Media
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Takeaways:
Social media can be a source of misleading financial advice, so be cautious. Understand the motivation behind financial influencers, as they often promote their own products. 401(k) plans can be beneficial, especially with employer matches and Roth options available. Not all financial advice is suitable for everyone; it's important to assess personal circumstances. Be wary of bold claims made by influencers that may not...Ep 202...The Wealth Blueprint: Advanced Techniques for Financial Success
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Takeaways:
Understanding basic financial planning is crucial before diving into advanced strategies. Tax mitigation strategies such as state tax credits can significantly reduce your tax burden. Participating in tax credit funds requires accredited investor status and can offer substantial savings. Utilizing 1031 exchanges allows for deferring capital gains taxes on real estate investments. Cost segregation studies can accelerate depreciation deductions, increasing cash flow for investors. Private market investments provide opportunities for diversification but come with higher risks and illiquidity.Links referenced in this episode:
...Ep 201: High Net Worth Financial Fundamentals
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Takeaways:
Mastering financial basics is crucial for long-term success, just like athletes rely on fundamentals. Establishing an emergency fund of six to twelve months of expenses reduces financial stress. Understanding your investment risk tolerance is essential for aligning your portfolio with your goals. Consistently reviewing your insurance coverage helps protect your financial assets from unexpected events. Clarifying your money philosophy with family can guide better financial decisions in the future. Regularly check your beneficiary designations to ensure they align with...Ep 200: Behind the Microphone: My Story and the Future of the Weekly Wealth Podcast
Email DAVID@Parallelfinancial.com with any questions or suggestions for topics.
www.weeklywealthpodcast.comwww.weeklywealthpodcast.com/valuebuilderscoreMAIN TAKEAWAYS FROM THIS WEEK'S EPISODE:
Reaching 200 episodes of the weekly Wealth Podcast is a rare achievement in podcasting. David Chudyk shares his journey from financial services representative to wealth management professional. The podcast aims to help mass affluent individuals improve their financial lives and understanding. David discusses his focus on business owners, high net worth individuals, and average persons. Financial planning is essential for business owners, who face unique financial challenges and decisions. The podcast will continue...Unlocking Success in 2025: Ditch Resolutions for Real Change
Email DAVID@PARALLELFINANCIAL.COM with any questions
Visit www.weeklywealthpodcast.com/endgame to get your FREE copy of the book END GAME.
Leave your comments or questions at www.weeklywealthpodcast.com/voicemai
Takeaways:
New Year's resolutions often fail, with 80% abandoned by mid-February each year. Instead of resolutions, consider identity changes that align with your financial goals. To achieve financial success, focus on daily habits rather than just on end goals. Building wealth requires a mindset shift; think and act like financially secure individuals. Successful people track their finances and understand their spending...24 Lessons Learned in 2024: A Year-End Reflection
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As we reflect on the past year, it's crucial to recognize the valuable lessons we've learned that can guide us into the future. This episode highlights 24 key insights from 2024, emphasizing the importance of maintaining a long-term perspective on finances and the necessity of having financial margins to reduce stress. Join me as we delve into these lessons to inspire a prosperous and fulfilling year ahead.
Takeaways:
Our health is...Ep 197: Maximize Your Wealth: Year-End Financial Planning
Year-End Financial Planning for High Net Worth Individuals
In this episode, David Chudyk, a Certifed Financial Planner(tm) practitioner with Parallel Financial, discusses various financial planning strategies for high net worth and mass affluent individuals as the year comes to a close. He covers topics such as holiday spending plans, Roth IRA conversions, charitable giving, asset allocation reviews, business expense preparations, and end-of-year financial checks. Additionally, David emphasizes the benefits of performing a 'happiness audit' on spending, practicing random acts of kindness, and teaching children about money. Listeners are encouraged to reach out with questions or to...
Thanksgiving Reflections: What We're Grateful For in 2024
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Have a Great Thanksgiving!
David Chudyk shares a heartfelt Thanksgiving episode of the Weekly Wealth Podcast, emphasizing the importance of being purposefully thankful every day. He reflects on personal gratitude, including celebrating 25 years of marriage, improved health, and the accomplishments of his children. To deepen the theme of thankfulness, David invites friends, colleagues, and clients to share what they are thankful for, creating a rich tapestry of gratitude that underscores the significance of connection and support in our lives. The...
Episode 195 - Financial Faux Pas: 7 Steps to Ensure You Stay Broke
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This week's episode of the Weekly Wealth Podcast takes a humorous yet insightful look at how to stay broke. David Chudyk outlines several key strategies that can lead to financial stagnation, such as failing to provide value in your career, surrounding yourself with financially struggling friends, and succumbing to lifestyle creep as your income increases. The discussion emphasizes the importance of taking responsibility for your financial situation rather than blaming external fact...
Episode 194: Bankruptcy Unveiled: Debunking Myths with Adrienne Hines
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Delving deep into the subject of bankruptcy, this episode features Adrienne Hines, an established bankruptcy attorney, who aims to reshape the narrative surrounding this often stigmatized financial solution. Hines begins by addressing the misconceptions that plague public perception of bankruptcy, arguing that it is a necessary tool for many who face overwhelming debt due to unforeseen life events such as job loss, medical emergencies, or divorce. Rather than viewing bankruptcy as a fa...
Episode 193: Unlocking Financial Success: 3 Game-Changing Words You Need to Know
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This week's episode of the Weekly Wealth Podcast centers around three transformative words that can enhance your financial mindset and overall life: abundance, margin, and risk. David Chudyk dives deep into the transformative power of three key financial concepts that can reshape your approach to money. The first concept is 'abundance,' which encourages listeners to adopt a mindset that sees financial opportunities as limitless rather than scarce. David emphasizes how this...
Ep: 192 Unlocking the Secrets of Net Unrealized Appreciation: A Deep Dive with the Professor
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CLICK HERE to download the FREE EBOOK, INSIDE THE MIND OF AN ACQUIRER: Understanding the Potential Buyers of your Business.
An exploration of Net Unrealized Appreciation (NUA) takes center stage as David Chudyk engages in a dialogue with financial planner Justin Chastain. NUA represents the unrealized gains from employer stock within retirement accounts and can significantly affect the tax implications when an employee retires or changes jobs. Chastain explains how this concept can save...
Episode 191: Money Matters: Building Trust and Teamwork in Relationships
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Money is often the number one stressor in relationships, and in this episode, David Chudyk and couples financial coach Adam Kol dive deep into how couples can navigate financial discussions to foster trust and safety. They discuss the importance of understanding each partner's relationship with money, shaped by their upbringing and past experiences. Adam emphasizes that financial harmony can lead to a stronger partnership, allowing couples to achieve their shared goals with...
Episode #190: The Truth About Tax Credits: Are They Too Good to Be True?
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This week on the Weekly Wealth Podcast, we delve into the often-overlooked world of tax credits and how they can significantly reduce your state income tax liability. Host David Chudyk is joined by Harris Sinsley, a corporate tax attorney turned tax credit expert, who explains the legitimacy and benefits of these credits. Listeners will learn about various types of tax credits available, particularly in South Carolina, and how even individuals who aren...
