Wealth-Building Made Simple

Today's Podcasters: Alison Reiff-Martin, CPA and Phillip Washington, Jr.
 
It's tough to know if you're on track with your business financial goals if you don't know your numbers.  Alison and Phillip discuss the importance of reviewing your business finances monthly and why it can help you with more accuracy reach your business financial goals.
 
Powered by ReiffMartin CPA and Stone Hill Wealth Management
 
 

Podcasters: Jason Grimes and Phillip Washington, Jr.
 
Powered by On Time Lending and Stone Hill Wealth Management

Podcasters: Steve Cosio and Phillip Washington, Jr. 
The world keeps evolving even if we don't.  If we don't want to get left behind financially, we have to learn how to tune in.  Steve and Phillip discuss that on today's episode. 
 
Powered by About Mansfield Podcast and Stone Hill Wealth Management

Podcasters: Jon Thurmond and Phillip Washington, Jr. 
 
Powered by Axis Financial and Stone Hill Wealth Management

Podcaster: Phillip Washington, Jr.
 
I often hear people say, "Isn't it too late to start a podcast?"  My response is always, "It has not even gotten started yet.  We are SUPER early."
 
Powered by Stone Hill Wealth Management
 
 

Podcasters: Susana Gibb and Phillip Washington, Jr. 
With more and more small businesses utilizing online stores and drop shipping to deliver products, it's becoming more important to have coverage to pay for items if they get lost on the way to your customer.  Susana explains that coverage on today's episode. 
 
Powered by Gibb Insurance Agency and Stone Hill Wealth Management

Podcasters: Alison Reiff-Martin, CPA and Phillip Washington, Jr. 
 
I can barely pronounce cost segregation, but thank God for Alison.  She does a great job explaining what it means, (how to say it), and why it's useful for investors who buy commercial properties.  -Phillip Washington, Jr.
 
Powered by Reiff-Martin CPA and Stone Hill Wealth Management

Podcasters: Jason Grimes and Phillip Washington, Jr. 
 
What most people pay monthly to their mortgage company does not just include principal and interest.  There are a few other items most are paying for included in that one big. payment.  Jason breaks those items down for the listeners on today's episode.  
 
Powered by On Time Lending and Stone Hill Wealth Management

Podcasters: Robert Lewis and Phillip Washington, Jr. 
 
Home equity is one of the two largest assets on American's balance sheet (the other being their 401(k)).  It's important to understand how to use it to improve your overall financial situation. 
 
Powered by Ink Realty and Stone Hill Wealth Management

Podcasters: Jon Thurmond and Phillip Washington, Jr. 
 
Life insurance has many benefits embedded in the tax code.  Jon explains how the 1035 exchange allows insurance owners to transfer value from one contract to another contract without taxes.  
 
Powered by Axis Financial and Stone Hill Wealth Management
 
 

In the past, you had to manage your own 401(k) or use the professional services offered by the 401(k) company that you did not choose.  Now you're able to have your wealth manager manage your 401(k) for you without having to move your 401(k).
 
Powered by Stone Hill Wealth Management

Podcasters: Susana Gibb and Phillip Washington, Jr.
 
What is business income insurance and how is that different than disability insurance?  Susana breaks this down for Phillip and the audience on this episode.  
Powered by Gibb Insurance Agency and Stone Hill Wealth Management

Podcasters: Alison Reiff-Martin, CPA and Phillip Washington, Jr. 
"Where your attention is, so is your treasure."
Powered by ReiffMartin CPA and Stone Hill Wealth Management

Podcasters: Jason Grimes and Phillip Washington, Jr. 
 
One affects your credit score and one does not, but what is the difference?  Jason Grimes breaks it down on this episode.
 
Powered by On Time Lending and Stone Hill Wealth Management

Podcasters: Robert Lewis, Jr. and Phillip Washington, Jr. 
Understanding the difference between a subdivision, a neighborhood, and master planned community can help you in your buying decision when a consideration is long term value. 
 
Powered by Ink Realty and Stone Hill Wealth Management
 

Today's Podcasters: Jon Thurmond and Phillip Washington, Jr. 
 
People are living longer, health care costs are rapidly rising, and medical expenses are taking a bigger chunk of retirees income in retirement.  Jon Thurmond shares his thoughts on how he sees his clients protecting their portfolios from medical expenses using long term care insurance. 
 
Powered by Axis Financial and Stone Hill Wealth Management

Today's Podcast: Phillip Washington, Jr.
The concept of "retirement" is changing and so is the way savvy investors are planning for it.  
 
Powered by Stone Hill Wealth Management

Today's Podcasts: Susana Gibb and Phillip Washington, Jr.
Susana and Phillip discuss what seepage coverage is and what it covers?
 
Powered by Gibb Insurance Agency and Stone Hill Wealth Management

Today's Podcasters: Alison Reiff-Martin, CPA and Phillip Washington, Jr. 
 
With more businesses become comfortable with employees working from home indefinitely (which is a recruiting differentiator), Alison shares some ideas she sees that allow business owners to create unique "benefit packages" for their employees working from home.  
 
Powered by ReiffMartin CPA and Stone Hill Wealth Management

Today's Podcasters: Robert Lewis, Jr. and Phillip Washington Jr.
They discuss #1 searched term for homebuyers and how that information might help buyers and sellers in the home-buying process.  
 
Powered by Ink Realty and Stone Hill Wealth Management
 
 

This is the question many homeowners and potential homeowners are asking themselves right now.  
 
Today's podcasters: Robert Lewis, Jr. and Phillip Washington, Jr. 
 
Powered by Ink Realty and Stone Hill Wealth Management

Most people know they need life, health, auto, and home insurance.  The question many people have is do I really need supplemental insurance?  Jon Thurmond and Phillip Washington, Jr. discuss why families purchase supplemental insurance.  
 
Powered by Axis Financial and Stone Hill Wealth Management

The future has limitless possibilities when it comes to how NFTs will be used in finance.  Here are a few ideas Phillip feels will be part of that future.
 
Powered by Stone Hill Wealth Management

With everything going on between Russia and Ukraine and the rise of cyber warfare, business owners are looking for ways to protect their businesses from losing lots of money if they become the target of hackers.  
Susana Gibb and Phillip Washington, Jr discuss insurance coverage that helps protect business assets from this potential financial burden.
 
Powered by Gibb Insurance Agency and Stone Hill Wealth Management

Alison Reiff-Martin, CPA and Phillip Washington, Jr discuss legal ways to pay your children income tax-free if you're a business owner.  
 
Powered by Reiff-Martin CPA and Stone Hill Wealth Management

Jason Grimes and Phillip Washington, Jr. discuss how student loans affect the home buying process and Phillip makes a prediction about student loans during the episode that comes true later that day.
 
Powered by On Time Lending and Stone Hill Wealth Management

Robert Lewis, Jr. and Phillip Washington, Jr. discuss everything from Bridgerton to a renter who rented a home for 30 years only to have the home be put on the market to be sold and the renter now having nowhere as affordable and comfortable to live.  If you rent, this is a MUST episode to listen to.
 
Powered by Ink Realty and Stone Hill Wealth Management
 
 

This episode is one of my top all time episodes.  Personal finance expert Sharita Humphrey and I (Phillip Washington, Jr.) discuss our thoughts on money, marriage, and Bitcoin.  
Powered by Stone Hill Wealth Management

Jon Thurmond and Phillip Washington, Jr discuss why some wealthy families use other people's money (borrow money) to buy life insurance.
 
Powered by Axis Financial and Stone Hill Wealth Management

If you think the value of digital assets are nuts, wait until you see that there are pieces of paper worth trillions of dollars...
 
Powered by Stone Hill Wealth Management

Topics: 
• What is the future of financing business growth?
• What are some ideas for business owners looking to use these innovative new finance strategies?
 
Powered by About Mansfield Podcast and Stone Hill Wealth Management

For some reason, many people like to make things way harder than it needs to be.  Maybe it's some deep down need to feel useful, smarter, significant, or whatever.  No shade (judgement)...there's just almost always the simple, more effective way and the more complex, less effective way.  
Alison Reiff-Martin, CPA and Phillip Washington, Jr. spend a little time talking about the contrast between day trading (the complex way to make money investing) and long term investing (the relatively simple way to make money investing).  
Powered by ReiffMartin CPA and Stone Hill Wealth Management

The lower your credit score, the more expensive life becomes.  Jason Grimes and Phillip Washington, Jr. discuss why (in their opinion) this is true.
 
Powered by On Time Lending and Stone Hill Wealth Management

As mentioned on a previous episode, negotiating starts well before you get to the closing table.  Robert Lewis, Jr. and Phillip Washington, Jr. discuss negotiation strategies for buyers in this market (we discussed strategies for sellers last week).
 
Powered by Ink Realty and Stone Hill Wealth Management

Jon Thurmond and Phillip Washington, Jr. discuss health insurance options for families who didn't get a chance to sign up at the end of the year for the ACA open enrollment.  
 
Powered by Axis Financial and Stone Hill Wealth Management

We are living through a time where 3 big cycles are all converging on each other which can be exciting and scary depending on your view of the world.  Phillip ties all of these cycles together and shares his thoughts on the opportunities he sees from all of these changes.  
 
Powered by Stone Hill Wealth Management

• How will the Fed's recent rate hike approval affect markets?
• Why don’t you think the fed will be able to do all the rate hikes they project?
• What should the long term investor do with this information?
 
Powered by About Mansfield Podcast and Stone Hill Wealth Management

Many real estate investors are getting into the short term rental markets (AirBNB, VRBO, etc) because of the potential for increased cash-flows on their properties.   It's also very in-trend with where the world is going (nomadic: live and work anywhere).  
Susana Gibb and Phillip Washington, Jr. discuss the type of insurance coverage needed to cover these properties and what they cover.
 
Powered by Gibb Insurance Agency and Stone Hill Wealth Management

Alison Reiff-Martin, CPA and Phillip Washington, Jr. discuss retirement strategies for business owners through the combined eyes of a CPA and wealth manager.  So many nuggets in this episode.
 
Powered by ReiffMartin CPA and Stone Hill Wealth Management

Jason Grimes and Phillip Washington, Jr. discuss how often you can refinance your property technically and how to determine when it makes sense.  
 
Powered by On Time Lending and Stone Hill Wealth Management

Negotiating starts well before you get to the closing table.  Robert Lewis, Jr. and Phillip Washington, Jr. discuss negotiation strategies for sellers in this market.
 
Powered by Ink Realty and Stone Hill Wealth Management

I stopped doing "political" episodes on this podcast because I received so many requests after having a few amazing guests that won their races.  It really had nothing to do with being on the show.  They were just amazing people who I wanted to interview because of who they were.  When amazing, successful do something, they often times succeed.
Karen Cherry is another one of those amazing people who I had to have on the show.  She is running for Duncanville City Council District 4 and I feel if (when) Duncanville elects her they will be blessed by her energy, wisdom, and spirit.  
Share the episode with folks you know who live in Duncanville.  They will love to hear her vision of the future for Duncanville.  
www.karencherry.org
Powered by PW Media

The tax benefits around life insurance have been used by wealthy families for generations.  Jon Thurmond and Phillip Washington, Jr. discuss how they have seen their emerging affluent and affluent clients use life insurance to potentially reduce the amount of taxes they pay over time.   
 
Powered by Axis Financial and Stone Hill Wealth Management

🎙 "Old school" NFTs
🎙 The formula for investing in NFTs
🎙 A few of the infinite ideas I see for making money by investing in NFTs
 
Powered by Stone Hill Wealth Management

Andrew Carnegie's favorite type of person to go into business with late in life.
Why that type of person?
How are futures and options similar to Bitcoin and crypto?
Powered by About Mansfield Podcast and Stone Hill Wealth Management
 

Whoever invented the idea of driverless cars must have had the idea of teen drivers in mind!  Until the powers that be allow for full driverless cars on the road we have to deal with teen drivers on the road and pay the exorbitant insurance rates they add to our auto-policies.  
Susana Gibb and I (Phillip Washington, Jr.) discuss these rates and how to prepare financially for a teen driver on your auto-policy. 
 
Powered by Gibb Insurance Agency and Stone Hill Wealth Management

Sole proprietor, LLC, partnership, S-Corp, C-Corp...with all these entity options for organizing your business, how do you which one to use and when you should change to a different entity?  Alison Reiff-Martin, CPA and Phillip Washington, Jr. discuss the answer to these questions on today's episode.
 
Powered by ReiffMartin CPA and Stone Hill Wealth Management

Jason Grimes and Phillip Washington, Jr. discuss what it means to "buy points" and its helpful in the process of buying a home/real estate.
 
Powered by On Time Lending and Stone Hill Wealth Management

Americans (in general) have not been raised in a culture of negotiation.  Some people see it as rude, showing a lack of trust, and/or don't know why they don't feel comfortable about negotiating.  
The reality is negotiating should be a natural normal part of every buying process and is not rude when done correctly.  
Robert Lewis and Phillip Washington, Jr. discuss when to start the negotiating process when in the home buying/selling process.
 
Powered by Ink Realty and Stone Hill Wealth Management

So many people are learning about the benefits of growing cash inside of a life insurance policy.  It's been an asset for wealth families for well over a century.  
In this episode, Jon Thurmond and Phillip Washington, Jr. discuss how insurance companies actually earn the interest they pay to life insurance policies.
 
Powered by Axis Financial and Stone Hill Wealth Management