Wealth-Building Made Simple

Summary Notes:
Giving from desire means giving because you genuinely want to, while giving out of obligation means giving because you feel like you have to. When you give from desire, you are more likely to experience feelings of joy, fulfillment, and gratitude. Giving out of obligation, on the other hand, can lead to resentment, stress, and a sense of burden. Ultimately, giving from desire can deepen relationships and bring more positivity into your life, while giving out of obligation can have the opposite effect.
 
Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
 
 

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 to the launch of the App Store, and the financial rewards these moves have brought. It is noted that Apple has become a platform company, with other platforms being built on top of its own operating system. It is agreed that Tim Cook is equally as visionary as Steve Jobs from an operational standpoint, and that he has been able to implement his vision since becoming CEO. Apple is now generating a lot of revenue through its platform, and it is getting into finance.
Timestamps
0:00:57 Apple's Transformation Under Tim Cook's Leadership 0:03:39 Discussion on Apple's High Yield Savings Account and Its Potential Impact on the Banking System 0:07:25 Tim Cook's Vision for Apple's Revitalization
 
Powered by ReiffMartin CPA and Stone Hill Wealth Management
https://www.reiffmartincpa.com/
https://stonehillwealthmanagement.com/
 
Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us

Summary Notes:
David Jones II (The Black Business Cowboy) and Philip Washington Jr. discuss how to make money off of growing produce in one's own home. David covers how to best get started, what type of produce grows well in various climates, and how to maximize profits from one's homegrown produce. They also discuss the importance of researching the right type of soil, fertilizers, and other necessary nutrients for successful plant growth. Additionally, they discuss the importance of investing in the right containers, planters, greenhouses, and other equipment that can help maximize the return on investment. Finally, they emphasize the importance of taking the time to properly nurture and tend to the plants in order to maximize the yield.Urbanization has disconnected us from nature, but it can be a positive thing if we utilize it to its fullest capacity. Urban Grower Supply and Micro Farm (David’s company) offer solutions to this, providing products and information to help people grow their own food in their homes. Through Urban Grower, individuals can make $1,000 a week from just six square feet, providing supplemental or full-time income for their families.  
 
Timestamps
0:03:05 Urban Farming: Growing 20 Pounds of Food in 1,000 Square Feet0:08:18 Utilizing Indoor Spaces to Generate Supplemental Income Through Urban Farming
 
Follow David Jones II on IG: https://www.instagram.com/blackbusinesscowboy/
 
Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
 
Powered by Stone Hill Wealth Management

Summary notes:
The conversation revolves around the relative value of currency and how the value of money is relative to the faith in the currency.  Wise investors in countries with large debt problems  convert their currency to a more stable currency or some other asset class that has a better relative value.  
People don’t tend to not think of assets as currencies, but a currency has two parts: store of value and medium of exchange.   So by definition assets can fill the role of the store of value component of a currency that is no longer working  as a good store of value even if it’s a phenomenal medium of exchange. The money that people move out of an unstable currency is the store of value part of their wealth.  
Real estate (especially in Texas)  is an asset class many investors are turning to as an alternative to store a good chunk of their wealth to protect its value. 
Timestamps
0:01:37 Exploring the Relationship Between Currency and Real Estate in Texas 0:07:58 Conversation on Real Estate as Currency in the Golden State
 
Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Summary Notes:
Money is an eternal energy that has always been attracted to the same thing: new ideas, freedom, and beauty.  Money is an energy force for an economy, and it needs to be infused into new life so that it can mature and grow. When forces try to stop the flow of money, it creates problems, which is why one should pay attention to new industries and new ideas, even if it means changing industries or leaving an organization.
Timestamps
0:01:16 Exploring the Universe: A Conversation on Math, Physics, and Quantum Physics 0:03:54 Exploring How Money Thinks: A Discussion on the Universal Laws of Money and Innovation 0:09:49 Exploring the Impact of Social Dynamics on Crypto Industry Evolution 0:11:31 The Power of Change and Nature's Inevitability
 
Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us/subscribe
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Summary Notes:
Currency has been around since the beginning of mankind interacting with each other.  It has been represented in difference forms, but the essence of currency is a medium of exchange and/or a store of value.  
Understanding what currency is and how it works is important in wealth building because currency is the foundation of value that an economy builds onto.  If that foundation is shaky or weakened through manipulation by those in charge then it effects the entire economic system built on top of it.  
You don't need to be a currency expert to know when there's manipulation, nor do you need a degree in economics.  Just follow inflation.  Inflation is manifestation of currency manipulation.  Even if the reasons are "noble".
Thank God we live in a time and a country where we have the freedom to store our value in a number of different currencies: stocks, bonds, USD cash, real estate, bitcoin, gold, art, Yen, Yuan, etc.  
The currency you choose determines how much of your wealth grows or is taken away through inflation over time.
 
Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us/subscribe
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

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 occurs after it has reached its first peak in the 1980s and then began to decline.  A company decline can be caused by a variety of factors such as changing consumer trends, shifts in the market, new competition, or the company’s product becoming outdated. It is important for entrepreneurs and businesses to recognize when their company is in the maturity and decline phase in order to adjust their strategy accordingly.Steve Jobs and the CEO of Apple clashed, leading to Jobs leaving the company. The company lost their visionary and with that their ability to compete with IBM which caused Apple to lose the computer market and their products to become subpar.  Steve's perfectionist tendencies made it difficult for management to run a successful company. Eventually, the company was desperate enough to invite Jobs back in the late 90s and early 2000s. He came back and helped turn the company around to become the successful business it is today.Steve Jobs was a visionary and innovator in the tech industry, and his impact on the world still resonates today. He created the iPod, iPad, and iPhone, which changed the way people interacted with computers and allowed for the spread of software across the world. After his death from pancreatic cancer in 2011, Tim Cook took over as CEO. 
Apple's current success is due to their focus on selling high margin products, using lean operations, and hiring the right people for the right roles. They also point out the importance of cutting out wasteful activities and being relentless in the pursuit of perfection.
Steve Jobs's legacy lives on in the products and services that have revolutionized the tech industry.
Timestamps
0:01:54 The Downfall of Apple and the Return of Steve Jobs 0:04:24 Reflection on Steve Jobs' Innovations and Impact on the Computing Industry 0:06:28 Steve Jobs and Apple's Financial Discipline 0:13:00The Partnership Model and the Visionary Leader
 
Powered by ReiffMartin CPA and Stone Hill Wealth Management
https://www.reiffmartincpa.com/
https://stonehillwealthmanagement.com/
 
Join the Wealth Building Made Simple Newsletter waiting list: https://www.wealthbuildingmadesimple.us/subscribe

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 energy is coming down due to increased volume. Manufacturers are taking advantage of this opportunity as they can service more customers with lower energy expenses.   Solar farms are a popular option as they provide income while reducing risk. In order to stay relevant, one has to adapt to the changing environment and not be left behind.  Many wise business people are integrating bitcoin mining into energy input manufacturing operations, with an example of a man in Austin who partners with oil producers to mine bitcoin from the extra gas produced during digging.
 
Timestamps
0:01:26 Renewable Energy in Manufacturing Processes 0:03:28 Exploring the Benefits of Renewable Energy and Bitcoin Mining 0:09:26 Exploring the Benefits of Utilizing Existing Resources for Manufacturing 0:11:12 The Benefits of Acquiring Goods in a Preferred Currency in the Metal Business
 
Follow David Jones II on IG: https://www.instagram.com/blackbusinesscowboy/
 
Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us/subscribe
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
 
Powered by Stone Hill Wealth Management

Summary Notes:
The conversation discusses the gift and the curse of revitalization in older neighborhoods. When abandoned structures are torn down and replaced by higher-value homes, the tax base increases but the people living in the area can suffer. The people may struggle to keep up with their increased tax bills and they may not be able to afford to stay in their homes. The people may get offers from buyers that are over market value, but the buyers may not have anywhere else to go with their fixed incomes. Solutions include providing education to those affected as a way to help, as well as programs through the city that can help fix up their homes. Ultimately, there is no one-size-fits-all solution for those affected by gentrification.
Timestamps
0:00:58 Revitalization of Established Neighborhoods: The Gift and Curse0:03:25 Discussion on the Impact of Revitalization on Low-Income Homeowners 0:08:43 Conversation on Home Ownership and Income Challenges
 
Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us/subscribe
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Summary Notes: 
In order to change our reactions to money we have to first become aware and then change our current beliefs and feelings about money.Our beliefs are determined by our feelings and emotions.  From a scientific standpoint, we are all just energy vibrating at a lower level so that it can be perceived with the five senses. The way we communicate with our energy is through our feelings, which is what e-motions are…energy in motion. 
Our perspective attracts our feelings, and in turn, affects our beliefs.  A perspective of lack can prevent someone from experiencing abundance.   If a person has a lot of money, but they don't have the emotional feeling of abundance and satisfaction, they won't feel content. 
Use the feeling of what we desire to attract the circumstances and conditions we envision.  That’s the “secret”.
 
Timestamps
0:01:12 Exploring the Science of Beliefs and Emotions 0:03:45 Exploring the Impact of a Lack Perspective on Money 0:07:26 The Power of Thinking from Abundance: How to Increase Money Flow in Your Life
 
Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us/subscribe
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Summary notes:
The basic building blocks of an economy include:
Production
Distribution
Consumers
Money
Technology is not just a term that refers to software and hardware, but rather a concept that describes the force behind an economies increase in productivity which leads to a higher overall quality of life. 
Asset returns are made up of three components: productivity, inflation, and market sentiment (emotion).  Investors can make money by understanding the impact of productivity and inflation has on their choice of investments while managing their emotions when the market is either too hyped or too pessimistic.
Timestamps
0:03:53 Exploring the Impact of Technology on Economic Productivity 0:06:20 Exploring the Impact of Productivity on Asset Returns 0:11:19 The Decline of America and the Possibilities of Web 3.00:15:28 The Impact of Internet and AI on Production and Distribution Costs
 
Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us/subscribe
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

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 resistance when it doesn't have the right person in the right seats.  No matter how intelligent the entrepreneur, they can't do it all by themselves.  
 
Powered by ReiffMartin CPA and Stone Hill Wealth Management
https://www.reiffmartincpa.com/
https://stonehillwealthmanagement.com/
 
Join the Wealth Building Made Simple Newsletter waiting list: https://www.wealthbuildingmadesimple.us/subscribe
 

Summary notes: 
The discussion centers on how decentralizing the truth can lead to more equitable distribution of resources. The example of 3D printing is used to illustrate how it can benefit manufacturing. 3D printing allows people to model up their ideas with free or inexpensive software and hardware, and make exactly what they want. It could lead to more people being involved in the manufacturing process and having a collective amount of money rather than it being accrued to the top.There are three types of manufacturing: craftsmen, small manufacturers, and large manufacturers. Craftsmen will still have a place, as they are able to create personalized items with skill. Small manufacturers are already somewhat decentralized, and they are able to respond to customization and personalization. Finally, large manufacturers are needed for scaling and reducing the price point. Additive manufacturing, automation, and other emerging technologies may make it easier for people to become craftsmen and small manufacturers. This would allow people to open an Etsy shop or begin printing items and let them run around the clock.
Timestamps
0:01:47 Discussion on Decentralizing Manufacturing with 3D Printing 0:04:03 Exploring Decentralization in Manufacturing: Craftsman, Small Manufacturers, and Large Manufacturers 0:05:58 The Benefits of Leveraging Technology for Manufacturing and Personalization0:11:35 Leveraging Additive Technology for Operational Efficiency 0:13:46 The Benefits of Embracing Technological Progress
University of Arkansas in Fayeville for college and studied industrial engineering. He originally wanted to design prosthetic limbs but changed his mind and decided to study industrial engineering because of its prestige. During college he got a couple of internships in an industrial setting and discovered that he enjoyed working with tangible things. He worked at Frito Lay's largest plant in the world as his first job.The conversation is about how emerging technologies are having an impact on the industrial industry.  Additive manufacturing is one of the biggest changes in the industry which is the process of starting with basic building blocks of material and forming it into the desired thing.  3D printing is an example of additive manufacturing, and that it can create incredibly complex and specific forms of material within a short amount of time. There are two dominant types of 3D printing machines (but many more), those that print with metal and those that print with plastic.3D printing is already used in many everyday objects, such as Invisalign braces and medical devices. Finally, the speaker noted that the best way to get in contact with them is on social media.
 
Timestamps
0:02:56 Exploring the Impact of Emerging Technologies on the Industrial Industry with 0:08:36 Conversation about 3D Printing -Exploring the Process and Applications 
 
Follow David Jones II on IG: https://www.instagram.com/blackbusinesscowboy/
 
Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us/subscribe
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
 
Powered by Stone Hill Wealth Management

Summary Notes: 
The Biden administration has recently announced a move to lower fees for borrowers with lower credit scores, which has been sensationalized by the media. This move is not raising rates on good credit borrowers, but rather reducing fees for those with lower credit scores. According to a report by the Urban Institute, lower fees could help increase access to credit for borrowers with lower credit scores and improve the overall health of the mortgage market. However, some experts have expressed concerns about potential risks associated with expanding access to credit for borrowers with lower credit scores.
Phillip and Rob discuss this topic on today’s episode. 
 
Timestamps
0:01:13 Exploring the Biden Administration's “Interest Rate Hike” for Well Qualified Buyers 0:03:20 FHA Loan Level Price Adjustment: A Step Towards Affordable Home Ownership
 
Join the Wealth Building Made Simple Newsletter waiting list: https://www.wealthbuildingmadesimple.us/
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Summary notes: 
Everyone processes change at different rates of acceptance.  As wealth grows in our life, people in our life might project their relationship with wealth onto you and it can change the dynamic of your relationship for a time period...especially if they have a negative relationship with money.  
Don't let it get you down.  Understand it for what it is energetically.  It's not about you, it's about them.  Give them grace and time to adjust.  Negative energy can only survive if it's reacted to.
 
Join the Wealth Building Made Simple waitlist: https://www.wealthbuildingmadesimple.us/
 
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 
 
 

Summary Notes:
Before scientists understood gravity and electricity, it seemed like magic, but what we call magic is just science (a process) we do not understand. The algorithm of the universe operates on  feelings, which is the same as belief, and that what we feel to be true gives birth to our experience. Our Emotions guide the chemicals that flow through our body.  As we learn to be in Harmony with our natural state of positive emotions, it improves the flow of chemicals through our bodies improving our long term health.  
It’s no breaking news to state that governments use the media to control what people think.  Control of information flow is how religions also maintained power over society before the invention of the printing press. Social media works a bit differently than other systems because the user has more control over the algorithm based on what information the user pays attention to. 
The same Universal Law applies to money.  How we Feel about money (abundance or lack) gives birth to our future experience with money.  
 
Timestamps
0:01:23 Exploring the Algorithm that Operates the Universe: Understanding the Power of Belief and Emotional Intelligence 0:03:22 Exploring the Impact of Emotions and Beliefs on Our Lives 0:09:05 Exploring the Science Behind Gentrification 0:10:53 Exploring the Power of Emotions and Free Will to Achieve Success
 
Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us/subscribe
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

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 in the Start up Phase to Apple’s current phase after it reinvented itself.   
Steve Jobs was the founder of Apple was founded in 1976 and achieved profitability relatively early.   Steve Jobs was relentless in his pursuit of perfectionism, understanding what customers wanted before they even knew they wanted it and delivering a delightful product was a big  key to Apple's success. He was focused on evolving and delivering unique products.Steve Jobs was a great example of a successful startup founder.  He was willing to take risks and absorb failure. He also had a team in place to help keep him from spending the company into oblivion. This is a great example of having boundaries in place to put oneself in check. It is important to recognize what is outside of one's area of expertise and to find help from those who are knowledgeable.
Timestamps
0:00:58 Conversation Summary: Apple's Early Financial Success 0:03:43 Exploring the Success of Apple's Early Startup Phase
 
Powered by ReiffMartin CPA and Stone Hill Wealth Management
https://www.reiffmartincpa.com/
https://stonehillwealthmanagement.com/
 
Join the Wealth Building Made Simple Newsletter waiting list: https://www.wealthbuildingmadesimple.us/subscribe
 

Summary notes:
David Jones is 34 years old from Jonesborough, Arkansas. He attended the University of Arkansas in Fayeville for college and studied industrial engineering. He originally wanted to design prosthetic limbs but changed his mind and decided to study industrial engineering because of its prestige. During college he got a couple of internships in an industrial setting and discovered that he enjoyed working with tangible things. He worked at Frito Lay's largest plant in the world as his first job.The conversation is about how emerging technologies are having an impact on the industrial industry.  Additive manufacturing is one of the biggest changes in the industry which is the process of starting with basic building blocks of material and forming it into the desired thing.  3D printing is an example of additive manufacturing, and that it can create incredibly complex and specific forms of material within a short amount of time. There are two dominant types of 3D printing machines (but many more), those that print with metal and those that print with plastic.3D printing is already used in many everyday objects, such as Invisalign braces and medical devices. Finally, the speaker noted that the best way to get in contact with them is on social media.
 
Timestamps
0:02:56 Exploring the Impact of Emerging Technologies on the Industrial Industry with 0:08:36 Conversation about 3D Printing -Exploring the Process and Applications 
 
Follow David Jones II on IG: https://www.instagram.com/blackbusinesscowboy/
 
Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us/subscribe
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
 

Summary notes:
This episode discusses the concept of deflation.  Deflation runs counter to the current world's banking system that runs on inflation. The book "The Price of Tomorrow" by Jeff Booth explains that deflation is a good thing because it means the cost of living is going down over time. Technology is a manifestation of our understanding of the laws of the universe and as our knowledge of those laws expand, it should lower the cost of things. However, humans build their value structure on top of those old prices and resist those lower costs. Politicians pass legislation to regulate prices and keep them artificially high, which goes against the laws of nature, where the prices should be free and abundant.
Whether you experience deflation or inflation comes down to where you keep your savings and where you deploy your talents.  
Timestamps
0:01:50 Exploring the Benefits of Deflation0:04:06 Exploring the Impact of Technology on the Economy and Cost of Living 0:12:24 The Impact of the Gold Standard on the American Economy
 
Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us/subscribe
Powered by Stone Hill Wealth Management
 
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Summary notes:
The current financial system is a fractional reserve banking system, which means banks lend out more money than it has in its reserves. If customers withdraw their money all at once, banks cannot cover the amount owed.With fears of financial instability in the banking system, wealthy people (who are aware of the banking system) are moving their money to too-big-to-fail institutions to protect it along with a slow drain of money from the banking system to alternative assets such as bitcoin, stocks, real estate, and gold. 
Well known economic experts have been warning of a potential banking crisis, and now that it is here, people are scrambling to figure out what to do with their money long term to counteract the potential inflation that’s speculated will be needed to fix the current system. 
Timestamps
0:01:27 Overview of Fractional Reserve Banking System and Bank Failures 0:03:43 Analysis of the Current Banking System and the Response from Wealthy Investors0:07:10 The Impact of Low Interest Rates and Money Creation on Investment Strategies
 
Join the Wealth Building Made Simple Newsletter waitlist: https://www.wealthbuildingmadesimple.us/subscribe
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/ 
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
 

Summary Notes:
There are so many ways to express investment trends.  Phillip thinks of investing in NFTs like investing in culture.  The digital culture in essence will be no different than the culture we understand in the physical world.  It will just be express different.  
The idea is that strong brands from the physical world, will inevitably realize the profits in the digital world where their IP and Brand will value at a whole new level for generations to come.   
 
Join the WBMS Newsletter waitlist: https://www.wealthbuildingmadesimple.us/subscribe
 
Powered by Stone Hill Wealth Management
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Summary notes:
Integrating technology into your practice can help you streamline processes and make your work more efficient.   There are various types of technology that can be integrated into your practice, such as software for financial planning, budgeting, and project management, etc. It’s important to  keep up with the latest developments in technology in order to stay competitive while also having processes set up to protect company and customer data. 
Timestamps
0:01:11 Conversation on Utilizing Chat GPT and Appropriate Safeguards 0:03:17 Data Security Protocols for Chat GPT Platforms
 
Join the WBMS newsletter:
https://www.wealthbuildingmadesimple.us/subscribe 
 
Powered by Reiff-Martin CPA and Stone Hill Wealth Management
https://www.reiffmartincpa.com/
https://stonehillwealthmanagement.com/
 
 
 

Summary notes:
This episode stresses the importance of emotional intelligence in investing. It is explained that emotional intelligence is more important than intellect when it comes to investing, and understanding one's emotions and mastering them is essential.
The concept of clarity versus confusion is discussed, emphasizing the importance of making decisions based on emotional clarity rather than just intellect. Ultimately, combining emotional intelligence with intellect leads to easier and better decision-making.
 
Timestamps
0:01:22 The Role of Intellect and Emotional Intelligence in Investing Decisions0:03:38 Exploring Clarity vs. Confusion: A Discussion on Intuition and Investing 0:07:55 Exploring the Benefits of Emotional Intelligence in Investing Decisions
 
Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us/subscribe
 
Powered by Stone Hill Wealth Management
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

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 talked about the amount of money that could be made if people were to tokenize their privately owned real estate. It could be possible for regular homes in desirable areas like the Dallas Metroplex to be worth $5 million or more if tokenized.
The conversation then shifted to the potential of tokenizing real estate and how it could impact the value of property.  Tokenizing real estate could open up new opportunities for developments that are not available today, and how using tokens could lead to more creative solutions.
 
Timestamps
0:02:43 Exploring the Potential of Tokenized Real Estate and Land Investment 0:10:36 Rob Discusses His Successful Airbnb Journey
 
Join the Wealth Building Made Simple waiting list for more content:
https://www.wealthbuildingmadesimple.us/subscribe
 
Powered by Robert Lewis, Jr. at Ink Realty and Stone Hill Wealth Management
 
https://ink-realty.com/
https://stonehillwealthmanagement.com/
 

Summary notes:
This episode discusses the potential of using Non-Fungible Tokens (NFTs) in the podcasting industry. Derek Johns and Phillip talked about how NFTs could be used to monetize a podcast in the form of digital collectibles or rewards for a podcast audience. They also discussed the potential of NFTs in the podcasting industry, including the ability to create exclusive content, increase listener engagement, and easily track ownership and usage of podcast content. The conversation also touched on the importance of trust in the financial world and how finance is allowing us to connect with people outside of the traditional banking system. They emphasized the importance of having a clear focus and vision when looking to build wealth in the industry.
Timestamps
0:01:06 Exploring the Intersection of Non-Fungible Tokens and Podcasting 0:09:55 Leveraging Financial Systems to Build Trust and Attract Investment
 
Powered by Dear Son Network and Stone Hill Wealth Management
https://thedearsonpodcast.com/
https://stonehillwealthmanagement.com/
 

Summary notes:
Inflation can be beneficial for the economy and investments if managed properly, but it is important to be aware of the risks that come with it. It is a necessary step for evolution, sweeping away the old to make room for the new.
Those who are at the forefront of new ideas and technology experience deflation, while those stuck in outdated methods suffer the most. To avoid the negative effects of inflation, people may want to invest in things that are outrunning the future and not living in the past. Money printing is the likely preferred way out of debt which destroys old idea assets and businesses.
Timestamps
0:01:23 Exploring the Necessity of Inflation for Evolutionary Progress 
0:03:49 The Impact of Inflation on Investment Strategies 
0:10:19 Understanding the Impact of Money Printing on Savings and Investment Strategies 
0:12:20 Financial Planning for the New World
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
 

Summary notes:
GPT(General Purpose Technology) is a technology-enabled method that automates processes and analyzes data faster and more accurately, leading to improved accuracy, reduced costs, and increased efficiency. By utilizing GPT, organizations can make more informed decisions. The use of Chat GPT in accounting, and tax work, can improve customer service experience, but it is important to be careful to ask thoughtful questions and double check the accuracy of its answers.  
 
Powered by ReiffMartin CPA and Stone Hill Wealth Management
https://www.reiffmartincpa.com/
https://stonehillwealthmanagement.com/
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
 

Summary notes:
The financial system is based on faith (credit) in assets, such as treasury bills, gold, stocks, real estate, etc. . Wealthy individuals and institutions rely on those assets on their balance sheets for getting favorable terms on money they borrow to invest in their businesses.
Treasury bills are the foundation of the dollar-based banking system. Banks can lend out more than they have, creating credit. Hedge fund managers use futures contracts to control multiples of their investment capital. Insurance policies can be borrowed against to invest in higher return assets. Stocks can also be borrowed against, but are riskier. Crypto and bitcoin can be borrowed against, but it's important to manage risk responsibly.  Leveraging assets to make more money is a common practice in banking and finance. 
 
Timestamps
0:01:44 Exploring the Financial System: Understanding the Capital Structure and the Role of Faith in Money 0:05:57 Exploring Leverage Strategies in the Financial Markets 0:07:53 Exploring Leverage Strategies for Financial Assets 0:12:52 Removing Fear and Greed: Understanding the Risks of Leverage Investing 0:15:17 The Dangers of Leveraging Finance: A Discussion on Greed and Emotional Intelligence" 0:17:11 Understanding Leverage and Building Emotional Intelligence in Investing
 
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

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 estate property can potentially revolutionize the real estate industry. Companies used to be privately owned only before the stock market.  The stock market idea democratized ownership through financial markets. The title companies of the future could become like investment banks and realtors could become like wealth managers as people would need more advice with more options to invest in real estate.Different capital structures (types of ownership) could provide different benefits, such as being able to reserve certain weekends at a discount.  This innovation might also potentially significantly increase the value of the property in the most popular cities in America.
Tokenizing real estate also solves the problem of international investors wanting US dollar based assets with a decent return.  Money flows through the global financial system most through bank lending.  When banks slow down lending (like they have since the 2008 crash), this creates a huge dollar shortage because non-US citizens don’t earn dollars, but still need dollars to trade on the global market.  
Timestamps
0:01:02 Conversation on the Tokenization of Real Estate Property 
0:07:55 The Benefits of Tokenization of Real Estate
 
Powered by Robert Lewis, Jr. at Ink Realty and Stone Hill Wealth Management
 
https://ink-realty.com/
https://stonehillwealthmanagement.com/
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
 

Summary notes:
Philip Washington Jr. and Derek Johns discuss the economics of podcasting and how it can lead to future millionaires and billionaires.  They also discuss the  history of media and how it has evolved over time.  The early US media industry sort of  started  with the fringe creators of Hollywood, then moved on to TV news, radio, cable blogs, video, and now podcasting. 
Despite contrary belief, podcasting is not as saturated as people think because many podcasts don't last and many podcasters don't have the intent of building a business around it.  Lots of money is being invested into the audio platforms of podcasts because audio is a great way to capture attention for a long period of time. It is argued that having a captive audience of 100 is more beneficial than having a million followers who don’t do what you say. To be successful in this market, one needs to demonstrate that they have a captive audience consistently. 
Podcasting is another great example of how money is attracted to the best new ideas of a generation.
Timestamps
0:01:58 Exploring the Possibility of Podcasting: A Conversation on the Evolution of Media and the Potential for Profit 0:03:46 The Power of Podcasts: Capturing Attention and Building a Media Empire0:05:22 Conversation on Wealth Building and Investing Strategies for Creators 0:11:11 Conversation on Investing in Media and Content Creation 
 
Guest Host: Derek Johns, CEO of the Dear Son Network
https://thedearsonpodcast.com/
 
 
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Summary notes:
The US stock market has had about 3 lost decades in the last 100 years and this next decade is likely the next one.  
Lost decades happen because of the collective emotional state of "The Market".  Investors can choose to passively invest their money in the market and be subject to the results of the emotional state of the market or they can choose to manage be mindful of place their resources only in places where the dominant emotional state is faith in the future.  
 
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Summary notes:
Casualty losses can actually be deducted from income tax, but how it depends on the specific situation and the circumstances of the loss.  A casualty loss can include any damage or theft of a business’s property, such as a tornado, car accident, or theft. 
It’s important to keep detailed records of losses in order to qualify for deduction.  What’s also important is to pay close attention to all the tax implications of the losses and factor those losses into your overall business financial plan. .Methods for handling casualty losses in a business, such as setting up a separate line in the business' accounting record and ensuring the business has proper insurance coverage to cover any losses incurred. It is important to work with an insurance agent every year to make sure the business has the necessary coverage for any potential disasters that could occur, such as floods, tornadoes, hurricanes, or fires. 
Timestamps0:01:07 Understanding Casualty Losses in Light of Recent Natural Disasters and Their Deductibility 0:03:40 Discussion on Casualty Losses and Insurance Coverage for Businesses 0:06:23 Working with a CFO and Insurance Advisor to Ensure Proper Coverage
 
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Summary notes:
Not chasing relationships goes against the advice offered in many of the business books we read.  Jay Z and LeBron James are examples of people who have achieved success by utilizing their talents, resources, and relationships within their circle of friends and family, rather than trying to chase relationships with wealthy people. 
Money is attracted to money, and having the right kind of mental attitude draws like-minded people and resources to you. Instead of chasing relationships, become the relationship you want to attract.  Be the kind of  person you want around yourself and watch you attract those people right to you.
Timestamps
0:00:01 Don't Chase Relationships in Business0:01:15 The Power of Networking: How Jay Z and LeBron James Attract Success0:03:53 The Power of Attracting Positive Relationships
 
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Summary notes:
The world is transitioning from a single power to a distributed power. This means that instead of one power controlling the world, there will be multiple powers controlling different aspects of the world. This affects the American economy because the US dollar is the global currency for trade, and the US has been using manipulation tactics to control other countries first with the military and most recently with the monetary system. 
This is no longer effective due to the emergence of China as a powerful nation. The conversation also discussed the effects of this transition on real estate, with US dollar income producing real estate being a good investment due to the US dollar still being the reserve currency. 
Inflation (which reduces the value of a country’s currency) is an effective way for governments to reduce debt, and it affects real estate, stocks, and crypto because all assets, goods, and services are priced relative to a country's currency.  .
Timestamps
0:01:07 Impact of International Relations on the US Real Estate Market 0:02:53 The Impact of Global Power Dynamics on Real Estate Investment0:10:10 Exploring Future Investment Opportunities in Energy-Rich Areas0:12:24 Real Estate Investment Opportunities Around Bitcoin Mining Facilities
 
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
 

Summary notes:
Having a clear vision and an understanding of what you want to accomplish with your podcast is the key to success.  Other important keys involve building solid relationships, being consistent, and focusing on improving the quality of your content.  Derek Johns shared his experience of starting his podcast and the struggles he faced in the beginning. He also stressed the importance of staying true to yourself and your vision, despite the noise and criticism you may face.
Timestamps
0:00:55 Exploring the Vision of Dear Son Podcast Network 0:03:40 Conversation on Positive Storytelling and Raising Consciousness
 
Powered by Stone Hill Wealth Management 
https://stonehillwealthmanagement.com/
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
 
 

Summary notes:
Stress is felt when our dreams and feelings (beliefs) are not in harmony.  Said a different way, stress is an indicator that we are focused too much on what is and not enough on the Beautiful Vision of our dream moving from our Imagination into Reality. 
 
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 

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 time to start delegating because every minute you spend doing work that you could pay someone else to do is costing the company money.  
Alison and Phillip discuss ways to know when it's time to hire a team for your business finances.  
 
Powered by ReiffMartin CPA and Stone Hill Wealth Management
 
https://www.reiffmartincpa.com/
https://stonehillwealthmanagement.com/
 
 

Summary notes:
Whatever a person sows (believes), so shall they reap (receive).  If we believe we are worthy of wealthy, it won't make it into our experience.  If we believe the process has to be a struggle and hard, then it will be just that.  All rules of life are made up and/or accepted in our own mind.  We have the free will to choose what we decide to believe.  
 
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 

Summary notes:
Most business transactions are relatively simple from a technical standpoint.  Meaning, we have buyers and we have sellers that want to exchange money for an asset, good, or service.  Markets are relatively developed these days so it's not that difficult to determine the value of the asset, good, or service being exchanged.  
Because of that some people are questioning the need for middle person  in between transactions.  A middle person can be considered a medium, an in between.  A good medium is good if they make the process simpler, easier, and/or more profitable.  A "bad" medium does the opposite.  So a middle person can enhance or take away from the deal, but it might not be a great idea to just through out the baby (having a professional in between) with the bathwater (a bad experience).  
 
Powered by Robert L. Lewis, Jr.  at Ink Realty and Stone Hill Wealth Management
 
https://ink-realty.com/ 
https://stonehillwealthmanagement.com/
 
Phillip Washington Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
 

Summary notes:
Every generation creates new media outlets for telling stories to continue to evolve and influence mankind.  Podcasting is one of the new fast growing media outlets of the digital age.  
Phillip and guest Derek Johns, CEO of the Dear Son Podcast Network, discuss how Derek decided to get into podcasting, his why, and how they see the future of the industry. 
 
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
https://thedearsonpodcast.com/
 

Summary notes:
Passive index investing is a low cost way to package up old dying ideas.  The problem with that is most of the upside investing comes from participating in the. new economic ideas that shape the future.  
 
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Summary notes:
Managing expenses is important if you are looking to increase cash flow.  You can't cut your way to prosperity, which suggests that one cannot grow a business if they are spending too much time worrying about expenses. Business owners should have a budget based on historical trends, and should look back at their spending habits to ensure they are keeping their employees happy but not overspending. Technology can help to drive down costs, and business owners can look for efficient ways to deliver goods and services. 
 
Timestamps
0:01:17 Managing Expenses for Cash Flow and KPI Management 0:03:06 Managing Expenses to Achieve Business Growth 0:07:21 Understanding Cash Flow and Expenses for Successful Business Owners
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 Phillip Washington Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Summary notes:
A big belief is that markets move based on earnings and cash flow.  That's only half the story after the move has already gotten started and everyone is starting to notice the move.  The origin of the move is a shift in Perspective. 
The market represents the collective mind of all participants.  Just like we change our minds about things individually, so does the market.  That shift in Perspective is where Big Money hangs out.  
 
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Summary notes:
Not every nice neighborhood has an HOA, but they are common and highly beneficial. An HOA is a nonprofit organization of homeowners that governs a certain residential area and enforces rules for things like landscaping, noise, and other community standards. HOAs also provide a range of services, including maintenance and access to amenities like swimming pools, clubhouses, and playgrounds. Additionally, HOAs provide additional security, since their presence can deter crime. As a result, it is important for potential buyers to consider the HOA when looking at a home.It is more common for newer neighborhoods to have an HOA, although some may be voluntary or involuntary. It is possible for a neighborhood to retroactively create an HOA. HOAs can also be a make-or-break factor in a real estate deal. In Texas, HOAs have a lot of power and can even foreclose a home if the homeowner doesn't pay the HOA fees. If an HOA is involved in litigation, the lender can't close on the deal. This can present an opportunity for arbitrage investing, where investors can buy into the deal once it's settled and make a profit.
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 
 
Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Summary notes:
A DAO (decentralized autonomous organization) is a solution on the blockchain that provides an automated, trustless system for managing decisions, funds, and activities. It operates without requiring human intervention or a centralized authority, giving users complete control over their assets and activities. The system is trustless and secure, making it ideal for managing assets, funds, and activities. Additionally, it can provide transparency and accountability, as all transactions are recorded on the blockchain. Finally, it can help reduce costs and increase efficiency.Decentralized Autonomous Organizations (DAO) is a new organizational structure that can be used to organize governments, companies, social organizations, and corporations. Rather than having a committee making decisions in the background, a DAO follows a set of rules embedded in a contract and allows members to vote on decisions with tokens they have purchased. The conversation then discussed how corporations were a better way to run businesses than the previous system, and how a DAO is even more transparent than the current system. As an example, a DAO competed with a financial hedge fund billionaire to buy a famous painting and almost won.
Timestamps
0:01:23 Exploring the Impact of Lack of Transparency in Organizations 0:03:05 Topic: Decentralized Autonomous Organizations (DAOs) 0:07:16 Cryptocurrency: A New Way to Organize Money, Ideas, and People
 
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 

Summary notes:
Trust is the foundation of every successful financial system that has existed in history.  While the trust centers have manifested in many forms (elders, goldsmiths, banks, insurance companies, fund managers, wealth managers, etc), they have always been there.  
When trust in the system is eroded for whatever reason, the money stops flowing the way it should.  Think of it like a stream that gets blocked and causes all kinds of havoc down stream in the "city" (economy).  
The good news is as old systems are drying up, new systems are always being built simultaneously.  Not everyone is able to perceive the new system because they are looking through the lens of the world backwards instead of forwards.  
This episode is intended to adjust the "vision" of the listeners. 
 
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 

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 build wealth. Cash flow management involves understanding the sources and uses of money, helps with budgeting, setting goals, and monitoring progress. When done properly, it can help individuals become financially secure and build wealth over time.
Timestamps
0:01:18 Cash Flow Management: A Conversation with CPA 0:03:04 Cash Flow Management: Why It's Important for Business Owners 0:10:29 The Importance of Vision and Finances in Business Growth
 
Powered by ReiffMartin CPA and Stone Hill Wealth Management
https://www.reiffmartincpa.com/
https://stonehillwealthmanagement.com/
 

Summary notes:
This episode covers the idea that everything is an information network, including money and economies. The blockchain is an information network that eliminates unnecessary intermediaries. The goal of evolution is to reduce resistance and increase flow so that there is no wasted energy. 
Superblockchains, which are networks of blockchains that link different blockchains that are being built to solve different problems, like owning our own data and getting paid for it, and creating a personal currency that would act as a credit score and financial trustworthiness.It’s a sort of unified system that allows multiple blockchains to be interoperable. It is similar to how a highway is built between cities to create an easier and more efficient way for people to travel. The Internet has multiple layers of protocols that were built to create an easier interface for consumers to use.  A Superchain is being built to do that for blockchains. 
Timestamps
0:01:13 Exploring the Benefits of Super Blockchains in Business Economics 0:03:22 Exploring the Benefits of Superchains and Open Source Networks 0:07:59 Exploring the Benefits of Open Source Software for Interoperability 0:09:41 Reviewing the Cycle of Life: Collaboration and Re-Building for a Better Future
 
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
 

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 also simplifying the process of buying and selling a home. Additionally, using technology to market a home can potentially help to attract more potential buyers, increasing the chances of a successful sale.Zillow Group has recently purchased showing technology, marketing technology, and data. This includes the Idx feed, which provides market data, as well as photography, videography and matterport 3D imaging which provides a virtual reality metaverse experience. They also have their own offer management system.Rob, of Ink Realty Group, uses new technology to speed up the buying and selling process of homes. He mentions how offer management systems and virtual closings are becoming more widely accepted, and allow for faster transactions. 
Timestamps
0:00:01 Exploring New Technology to Sell Your Home Faster and for More Money with Realtor Rob Lewis0:01:58 Zillow Group's Acquisition of Showing Technology and Matterport 3D Imaging0:04:24 The Benefits of Professional Photography and Videography for Property Marketing0:07:28 Leveraging Technology to Move Homes Faster
 
Powered by Ink Realty and Stone Hill Wealth Management
https://ink-realty.com/
https://stonehillwealthmanagement.com/
 

Summary notes:
A wise Spiritual teacher (Abraham Hicks) says often, "Most people are looking for love in all the wrong places."  Meaning, they are seeking externally want they don't have internally.  Love flows from our internal world (ourself) to our external world (to others who reflect back that love).  
Same with wealth.  We must feel wealthy internally first, before we can have it appear in abundance and with ease externally.  All other attempts require manipulation and force which breeds stress and unease.  
This idea has also moved from expressing itself individually to now collectively by forming a new more free global financial system.  
 
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/