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Homer Smith에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Homer Smith 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
You’re busy—but are you actually growing? In this episode, Nata Salvatori exposes a trap that’s costing service providers time, money, and sanity: chasing busywork that feels productive but doesn’t move the needle. She walks through a clear, five-step growth path—from clarifying your offer, validating through real sales, delivering sustainably, building repeatable systems, to scaling confidently. You’ll learn: How to spot and ditch “fake work” Why clarity beats complexity every time How to use real feedback to validate your offers Delivery tips that prevent burnout System creation that enables scaling How to honor your current phase of growth 📌 Ready to stop spinning your wheels and make real moves? Map your phase, pick your next action, and don’t be afraid to ask for help: 👉 accidentalceo.co/coaching Support the show…
Homer Smith에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Homer Smith 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Advance Your Wealth With Homer Smith provides you and your business with the financial advice needed to make calculated decisions moving forward. With over 18 years of industry experience, Homer Smith, Private Wealth Advisor with Konvergent Wealth Partners, understands the importance of a commitment to customer service and strives to help clients pursue their financial goals towards aspirations and retirement. Each episode we'll take a deep dive into a different complex topic surrounding personal and business wealth management. So sit back, relax, and enjoy enlightening conversations that highlight an array of financial questions and topics. Investment advice offered through Integrated Financial Partners, doing business as konvergent wealth partners, a registered investment advisor.
Homer Smith에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Homer Smith 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Advance Your Wealth With Homer Smith provides you and your business with the financial advice needed to make calculated decisions moving forward. With over 18 years of industry experience, Homer Smith, Private Wealth Advisor with Konvergent Wealth Partners, understands the importance of a commitment to customer service and strives to help clients pursue their financial goals towards aspirations and retirement. Each episode we'll take a deep dive into a different complex topic surrounding personal and business wealth management. So sit back, relax, and enjoy enlightening conversations that highlight an array of financial questions and topics. Investment advice offered through Integrated Financial Partners, doing business as konvergent wealth partners, a registered investment advisor.
Exiting a business is often seen as the ultimate milestone — but for many founders, it’s just the beginning of a more complex, emotional journey. In this episode of Advance Your Wealth , I sit down with Jerome Myers, one of the country’s leading experts on business exits and the psychology behind them. After building a $20M division of a Fortune 550 company, Jerome walked away to help high-achieving entrepreneurs confront what he calls the Founder’s Exit Paradox — the unexpected void that can follow even the most successful exits. We discuss the emotional challenges leaders face when stepping away, his N.E.X.T. framework for navigating life after business, and how to move from success to true significance. Whether you're nearing your exit or simply contemplating what comes after the grind, this episode offers a rare look at how to plan not just financially, but personally, for what's next. Chapters: 0:00 - Introduction 2:14 - The Founder's Exit Paradox 9:45 - Planning for your business, but not your life 17:00 - A portal to personal evolution 22:53 - Closing remarks…
Planning your retirement from a financial perspective is probably one of your most important goals. After all, you want to have enough money to live a good life. But what does that good life look like? If you’re like many people, you may not have defined clearly what your retirement years are going to be all about. On the latest installment of Advance Your Wealth, we’re examining how you can craft and refine a compelling vision for your retirement. Chapters: 0:00 - Introduction 2:01 - This doesn't get enough attention 6:20 - Actionable steps for envisioning ideal retirement 13:53 - Key takeways 17:23 - Closing remarks…
As we step into 2025, wealthy families and their advisors are already looking ahead to major potential changes in estate and gift tax laws. With key provisions of the 2017 Tax Cuts and Jobs Act set to expire at the end of this year, many are wondering: What does this mean for estate planning? In this episode, we break down the possible changes that could take effect on January 1, 2026, and explore strategies to prepare for an uncertain tax landscape. Should you accelerate your gifting? Are certain trusts a smart move? How can stress testing your estate plan help mitigate risk? Join us as we navigate these questions and provide insights to help you protect and optimize your wealth transfer strategy—no matter what lies ahead. Chapters: 0:00 - Introduction 1:40 - Are tax changes coming? 8:06 - How trusts can be leveraged here 13:33 - Key takeaways 16:21 - Closing remarks…
As more baby boomer business owners reach the age of selling and many entrepreneurs recover from pandemic setbacks, the urgency to execute business transactions has never been greater. However, only a small percentage of owners achieve a truly successful exit. In this episode of Advance Your Wealth , we explore the three critical factors that determine whether a sale will meet expectations: Is the Business Ready? Is the Market Ready? Is the Owner Ready? Homer delves into financial readiness, market conditions, and the often-overlooked mental and emotional preparation required to transition smoothly. If you’re a business owner contemplating an exit, this episode is packed with actionable insights to help you optimize your strategy and secure the best outcome.…
In the latest episode of Advance Your Wealth , Homer Smith explores the complexities of using an earn-out when selling a business. He breaks down how this strategy works, the key benefits—such as maximizing sale value and easing the transition for both buyer and seller—as well as the potential risks, including delayed payments and unforeseen challenges. Whether you're a business owner preparing for an exit or simply looking to better understand this financial tool, Homer provides expert insights to help you make an informed decision. Tune in for a deep dive into the pros and cons of earn-outs and how they might fit into your business transition strategy. Chapters: 0:00 - Introduction 1:30 - What is an Earn-Out? 4:58 - Is an Earn-Out a good fit for you and your business? 11:22 - The level of complexity with Earn-Outs 14:01 - Key takeaways 17:05 - Closing remarks…
In the latest episode of Advance Your Wealth , we explore how tax-aware investment strategies can enhance your long-term wealth planning. While we've previously covered preparing for a business exit and transitioning wealth to heirs and charitable causes, today’s focus is on Private Placement Life Insurance (PPLI) —a powerful tool long utilized by billionaire families and Single Family Offices to mitigate taxes on investment portfolios. The exciting news? Thanks to advancements in technology and expert guidance, PPLI is now more accessible than ever. Join Homer as he breaks down how this strategy works and how it could be a valuable addition to your financial plan. Chapters: 0:00 - Introduction 1:49 - What is Private Placement Life Insurance? 6:55 - The industry issues surrounding life insurance 12:22 - The disadvantages of PPLI 19:54 - How to get in touch with Homer's team 22:18 - Closing remarks…
In this episode of Advance Your Wealth , we dive deep into the challenges of scaling a business and how to navigate the common pitfalls entrepreneurs face. Joining us is Joe Shrutz, Chief Operating Officer of the PSBLTY Company, who brings a wealth of experience and actionable insights. Joe shares his expertise on the biggest mistakes business owners make when attempting to scale, from operational inefficiencies to misaligned growth strategies. Together, we explore how to balance ambitious goals with sustainable practices, the importance of building the right team, and the critical role of clear communication during periods of rapid change. Whether you’re preparing to scale your business or currently navigating the growth phase, this episode is packed with practical advice to help you avoid costly missteps and achieve long-term success. Chapters: 0:00 - Introduction 1:41 - Growth vs. Scale 9:07 - Distractions 17:47 - Employees thinking like owners 22:20 - Scaling successfully 26:24 - Complimentary Growth Session 28:04 - Closing remarks…
On the latest episode of Advance Your Wealth, we dive into the market’s reaction to the recent election results, exploring whether the response was in line with expectations or presented surprises. We discuss the reduced pre-election volatility, the modest post-election market increases, and what this might signal for future trends. Our conversation delves into the anticipated economic and policy changes under a Trump administration with a Republican-controlled Congress. Key topics include: Extensions to Trump-era tax reforms, including the 199A Qualified Business Income Deduction and corporate tax rates. Potential adjustments to estate tax exemptions and their implications for wealth management. The future of Opportunity Zones and how they might evolve. The administration’s strategy for funding tax cuts, including proposed tariffs and their potential economic impacts. We close by addressing how to navigate these complex changes. Our guest, Homer, shares strategies for cutting through the noise and helping clients make informed decisions during major transitions. Chapters: 0:00 - Introduction 1:53 - The stock market's response 4:11 - Notable tax law changes 9:21 - Estate tax exemptions 11:50 - Trump's plan to pay for tax cuts 15:21 - Dealing with uncertainty 18:00 - How to contact Homer and his team 18:54 - Closing remarks…
Many families have plans to pass along some of their wealth to children and grandchildren. But what about passing on financial values, a sense of purpose and possibility, and other family legacy concerns? On the latest episode of Advance Your Wealth, we’re taking a look at how legacy planning can potentially help both the people transferring their wealth and the people receiving it. Chapters: 0:00 - Introduction and overview on the topic of the day 1:06 - Estate planning and wealth planning conversations don't go far enough 2:56 - What can we learn from the ultra-wealthy families out there? 4:15 - Addressing the tension created in these moments 5:52 - Steps to instill values before transferring wealth 7:09 - The importance of discussing wealth a lot over time 9:11 - Advice on getting these important conversations started 11:29 - Steps you can take to begin discussing values and living them 14:17 - What if you have a very large family? 17:41 - How to get in touch with Homer's team 18:37 - Closing remarks…
In this episode of Advance Your Wealth , Homer Smith sits down with financial expert Guy Ridout to discuss "The Costly Threats and Untapped Opportunities of Managing Your Company's 401k." Together, they explore the often-overlooked challenges and risks businesses face when managing 401k plans, including hidden fees, regulatory pitfalls, and fiduciary responsibilities. But it’s not all about the threats—Guy also shares valuable insights into the untapped opportunities that can benefit both employers and employees, from improving plan performance to boosting employee retention. Whether you're a business owner, executive, or plan administrator, this episode provides essential knowledge on how to protect your company's 401k from costly mistakes and maximize its potential for long-term success. Tune in to learn how proactive 401k management can be a powerful tool for your business and your employees' financial futures. Chapters: 0:00 - Introduction and overview on the topic of the day 2:59 - Identifying Threats in 401K Planning 5:48 - Compliance Challenges in 401K Plans 8:50 - Employee Perception and Engagement with 401K Plans 11:57 - Unlocking Opportunities 15:00 - The Role of Financial Advisors in 401K Management 17:50 - Real World Applications and Success Stories 21:05 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
Today Homer breaks down the differences and benefits of Single Family and MultiFamily Offices. Both have their strengths and depending on your families circumstances, one may behoove you more than the other. No one family is the same. To figure out which category yours may fit in best, join us on today's episode of "Advance Your Wealth." Chapters: 0:00 - Introduction and overview on the topic of the day 1:55 - The Single Family Office 3:10 - The Multi-Family Office 7:00 - Key Differences 9:00 - Multi-Generational Planning 10:10 - Virtual Family Office 12:10 - Common Needs of Family Office Clients 13:00 - Benefits of Multi-Family Offices 14:00 - How to Connect with Homer Smith 14:35 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
Today Homer examines the fundamental aspects that may make up your best financial life. The qualities you can develop in order to best live a life of significance and happiness. Easier said than done, that's clear. However, knowing where these aspects show up in your life will lead to better being able to act in accordance with your best life and the values that make it possible. This and more on today's episode of "Advance Your Wealth." Chapters: 0:00 - Introduction and overview on the topic of the day 3:22 - Success vs. Significance 4:20 - What's Your Number? Why? 5:10 - Significance Based on Generation 6:40 - The Millennial Generation 7:00 - Wealth Thresholds and Value Creep 8:50 - Transitioning Values 10:30 - Getting Clarity on Success 12:00 - Recognize Where You Are 14:20 - Discovery and Rediscovery to Significance 17:25 - How to Connect with Homer Smith 18:25 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
Today we are joined by Melissa Smith, CEO and founder of Family Brand Podcast. Melissa works with parent's on how to transform their family cultures, create relationships that last, and intentionally grow their families together. How does the family correlate with business success? This and more on today's episode of "Advance Your Wealth." Chapters: 0:00 - Introduction and overview on the topic of the day 2:12 - What is a Family Brand? 3:30 - Family Doesn't Happen By Default. 5:50 - How Melissa Works With Family. 8:40 - The Idea of And. 13:15 - Family Brand Across Time. 15:10 - Melissa's Personal Examples In The Process 17:30 - Empty Nester's Experience with Family Branding 20:40 - How to Connect with Melissa Smith 21:45 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
Today we are joined by Chad Jenkins, CEO and founder of SeedSpark. Seeking exponential growth is difficult for most entrepreneurs. Many times, business owners may get laser focused on the wrong areas which could lead to missing out on great opportunities. Chad and Homer break down ways to remove the film over your eyes and see opportunities clearly. This and more on today's episode of "Advance Your Wealth." Chapters: 0:00 - Introduction and overview on the topic of the day 2:10 - Collaboration vs. Competition 5:40 - Chad's Hero Target and Creating Value 9:20 - The Benefit of Outside Perspective 12:50 - Levels of Friction 17:15 - New Rate Plans Example and Innovation Solutions 20:00 - Leveraging The Market 25:30 - Common Components Business are Missing 34:10 - How to Connect with Chad Jenkins 35:15 - How to Connect with Homer Smith 35:30 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
Often times, preparation and thorough planning is seen as the safeguard to a successful business. However, there comes a point where the plan can become stale and out-of-date. Many business owners and entrepreneurs may want to update their business plan but don't know what to look for in terms of weak points. That's where Homer comes in with this episode of Advance Your Wealth . Join us today to learn how to stress test your business plan and better prepare for the unknown future. Chapters: 0:00 - Introduction and overview on the topic of the day 1:40 - Homer Smith on Stress Testing 2:50 - What Does a Good Stress Test Look Like 4:40 - Who is Qualified for Stress Testing 6:30 - Areas to Focus on in Your Planning Check-up 10:05 - Selling Your Business and Exit Planning 17:05 - When to Go Through a Stress Testing Process 19:10 - Getting the Outcome That You Want 19:45 - How to connect with Homer Smith 20:00 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
In a world often dominated by limitations and barriers, it's time to shift our focus towards what's possible. Join us in this illuminating episode as we delve into the realm of possibility with our esteemed guest, Chris Smith, Founder of The PSBLTY Co. Chris brings a wealth of experience working with successful entrepreneurs and business owners, helping them navigate through challenges and unlock the full potential of their lives. In this conversation, we'll explore why it's crucial to prioritize possibility over limitations and how this mindset can revolutionize our approach to life and business. From reframing setbacks as opportunities to embracing uncertainty with open arms, Chris shares invaluable insights and strategies to inspire listeners to dream bigger and reach higher. Chapters: 0:00 - Introduction and overview on the topic of the day 1:23 - Homer working closely with Chris and his team over the years 3:18 - Possibility versus limitation 6:50 - Over-focusing on what's not working in your life and business 10:49 - "I don't matter. I'm not enough. I'm not worthy." 15:09 - A story from Chris helping to coach a high school basketball team 18:39 - Recognizing the importance of positive reinforcement and speaking possibility into people 24:35 - You matter, you're worthy, and you belong! 27:24 - How to connect with Chris Smith online 27:53 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
If you’re an entrepreneur, do you know what your business is really worth? It turns out, you might be surprised to discover its true value. On the latest episode of Advance Your Wealth, we examine the importance of valuing a business, why it makes sense (even if you’re not planning to sell), and how you might set out to get a proper valuation done. Chapters: 0:00 - Introduction and overview on the topic of the day 1:30 - Very few business owners are ultimately satisfied following the sale of their business 4:40 - Entrepreneurs should be aware of their business' value over the course of time 6:06 - Business owners are often surprised by the results of a true valuation process 8:36 - Advice for getting this process started 11:10 - The key issues that arise when a business valuation process is conducted 15:41 - What business owners should be considering today 17:39 - Business owners need to take time to work on the business, rather than in the business 19:03 - How to get in touch with Homer and his team 21:09 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
In this illuminating episode, we delve into the fascinating realm of human longevity with our esteemed guest, David Karow, President & CIO of Human Longevity, Inc. As our lifespans extend, we are faced with profound questions about how to optimize both our health and our financial well-being. Join us as we explore the latest advancements in longevity science and how they are reshaping our understanding of aging. From cutting-edge genetic research to innovative health interventions, we uncover the keys to living longer, healthier lives. But longevity isn't just about adding years to our lives—it's also about ensuring those years are filled with vitality and quality. We discuss the importance of proactive health management, personalized medicine, and preventive strategies to ward off age-related diseases and maximize wellness in our later years. Chapters: 0:00 - Introduction and overview on the topic of the day 1:39 - Conversations surrounding human longevity are becoming more popular 3:24 - Welcoming David to the show and an overview on longevity planning 7:15 - The benefits of taking a more proactive approach to your health 10:53 - Leveraging data to make very informed health and wealth decisions 15:38 - Longevity planning goes way beyond pills and treatment procedures 18:22 - Areas where we need to improve our current health care system 21:23 - How to get in touch with David and his team at Human Longevity, Inc. 23:25 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
How confident are you about what will happen to your assets—and your loved ones—after you’re gone? On the latest installment of Advance Your Wealth, we’re looking at a truly important topic: your estate plan and whether it’s set up to get the results you want. In particular, we’ll be focusing on three main components of an estate plan that can potentially position most families for success. Chapters: 0:00 - Introduction and overview on the topic of the day 1:37 - Why this topic is becoming so important among investors and families 3:05 - The delicacy involved in estate planning efforts 4:24 - The three key areas of estate planning 5:23 - What makes a will a foundational piece of estate planning 6:51 - Navigating trusts and how they can impact a family's estate planning 9:52 - How to decide if a trust makes the most sense for you and your family 12:36 - The fiduciary you choose to work with on your estate plan 15:37 - Your estate plan can get out-of-date rather quickly 17:20 - How to get in touch with Homer and his team 19:20 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
When it comes to building, preserving and transferring wealth, it’s natural to look to the wealthiest among us for insights and actions we might adopt in our own efforts. On the latest installment of Advance Your Wealth, we’re examining five personal finance lessons from the so-called Super Rich, those with a net worth of at least $500 million. The steps they take, and don’t take, may prove illuminating as you journey down the path toward your most important financial goals. Chapters: 0:00 - Introduction and overview on the topic of the day 1:29 - Homer's big-picture takeaway on how the Super Rich build their wealth 2:50 - Working with the best experts you can find 4:24 - How to identify top-tier professionals to work with 6:05 - Going beyond the numbers 7:58 - Recognizing the importance of negotiation 9:37 - Trust, but verify 11:17 - The importance of keeping your emotions in check 12:28 - Tips for staying logical during emotionally tough circumstances 13:54 - How to get in touch with Homer and his team 14:48 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
If you’re an entrepreneur, the idea of selling your business may have crossed your mind more than once. If you ultimately decide to sell your business, you’ll likely encounter two main types of buyers: financial and strategic. It’s a good idea to consider which type of buyer is the right one for you and your company. On the latest episode of Advance Your Wealth, we’re exploring how these two categories of buyers could play an important part in how much you get for your company Chapters: 0:00 - Introduction and overview on today's topic 1:18 - Understanding your options as a business owner 2:07 - An overview on financial buyers 3:12 - How the seller fits into the financial buyer's vision for the company 4:16 - How entrepreneurs typically encounter financial buyers 6:02 - The differences between a financial buyer and a strategic buyer 7:11 - How strategic buyers approach the buying process 9:24 - The different types of strategic buyers 10:31 - How to decide which type of buyer makes the most sense for your company 13:08 - Why would a strategic buyer make sense for you and your business? 15:21 - How to get in touch with Homer and his team for more information 16:40 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
Life is full of transitions. Plain and simple. However, one of the biggest transitions a business owner can make in their lifetime is the transition out of their business. In many instances, they've worked decades to build up this business and there are a variety of personal, financial, and emotional considerations at play. In the latest episode of Advance Your Wealth, Homer explores the key decisions a business owner is faced with during this major milestone in their life. Chapters: 0:00 - Introduction and overview on the topic of the day 1:01 - The major events in a business owner's life 3:55 - Transitioning to sell the business internally or externally 5:56 - I've sold my business. Now what? 8:57 - Transitioning family wealth to your heirs in a positive and strategic manner 12:17 - How to get in touch with Homer to discuss this topic individually 14:30 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
Many business owners are always looking to motivate their employees, generate better results and save themselves some taxes. On a prior episode, we discussed a retirement plan and succession tool called an employee stock ownership plan, or ESOP. In today's discussion, we're diving deep into the tax considerations for business owners when utilizing an ESOP, and what you should be thinking about before initiating a program like this. Chapters: 0:00 - Introduction and overview on the topic of the day 1:50 - How an ESOP works and who it works best for 3:52 - Why an ESOP would be beneficial for a business from a tax perspective 6:47 - How an ESOP can benefit the business owner from a tax perspective 8:52 - A story covering a client that leveraged an ESOP for his business 12:58 - How to get in touch with Homer and his team 16:15 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
Selling a business that you’ve worked to build for years or decades comes with an enormous number of considerations—not the least of which is easing the tax burden that accompanies a big sale. On the latest installment of Advance Your Wealth, we’re looking at five ways business owners who sell their companies might mitigate taxes. Let’s dive in! Chapters: 0:00 - Introduction and overview on the topic of the day 1:35 - The top-of-mind concerns for entrepreneurs selling their business 3:31 - Transferring assets regularly over time 5:20 - Section 1202 and the benefits of leveraging this approach 7:11 - How trust planning and charitable planning factors into the sale of a business 10:35 - Navigating gifting strategies prior to the sale of a business 12:56 - A big conversation with business owners after the business has been sold 16:54 - How life insurance solutions can add value 21:18 - Homer's one big takeaway! 23:31 - How to get in touch with Homer and his team 24:32 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
Growing up is hard, especially in today's day and age. But when you add financial challenges, like the transfer of significant wealth from an older generation to their heirs, life can become overwhelming for today's youth. On the latest episode of Advance Your Wealth, we sit down with Barry Garapedian, the visionary Founder & CEO of Mag 7 Consulting, a boutique coaching, mentoring, and advisory firm tailored specifically for high-school and college-aged students. In this conversation, Barry shares the remarkable journey of MAG 7 and how it has become a beacon for young individuals seeking to unlock their full potential. Barry sheds light on the importance of mentorship and coaching during the crucial formative years. Gain insights into the methodologies employed by MAG 7 Consulting to nurture skills, foster resilience, and instill a mindset of success in the next generation. Enjoy! Timecodes: 0:06 - Introduction and overview on the topic of the episode 1:03 - The importance of long-term wealth planning within families 3:05 - Welcoming Barry Garapedian to the show! 3:55 - Barry's career pivot from wealth management to Mag 7 Consulting 6:41 - The greatest challenges facing today's youth 9:22 - Kids growing up in a wealth environment and the importance of instilling financial wisdom 12:37 - How Mag 7 actually works with today's youth 16:00 - Teaching clients the power of a handwritten note 17:45 - The responses Barry receives from parents of his clients 19:52 - The difference between an expectation and an agreement 23:50 - The 7 self-development lessons you never learned in school 26:48 - How to learn more about the work Barry does for clients through Mag 7 Consulting 28:02 - How to connect with Homer and his team 28:51 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
On the latest installment of Advance Your Wealth, we're joined once again by Joseph Sykora, Equity Analyst and Portfolio Reviews at Aptus Capital Advisors, for a deep analysis into the market's current affairs. As Joseph and his team monitor the market's performance, there have been two noteworthy categories of discussion to consider: Earnings and Interest Rates. Join us for another enlightening conversation, where we unpack some of the key considerations for your financial portfolio given some of the top trends unfolding in the markets. Timecodes: 0:06 - Introduction and overview on the topic of the show 1:16 - An overview on the most notable topics from Q3 6:03 - How rising interest rates are impacting the market and government 10:17 - The cycle surrounding the government addressing a deficit 11:49 - How to get in touch with Homer and the team for additional discussion 12:20 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
Simply having significant wealth doesn’t guarantee a great life. For example, inheritors often face a number of significant challenges at various points in their lives, including the years before they receive their inheritance as well as after wealth is transferred to them. On the latest episode of Advance Your Wealth, we’re looking at some of the issues and hurdles that inheritors of significant wealth may need to overcome—along with strategies aimed at addressing them successfully. Timecodes: 0:06 - Introduction and overview on the topic of the day 1:23 - What Homer's team is known for 2:29 - There are challenges associated with giving and receiving wealth 5:13 - Where families can begin to effectively navigate these challenges 7:00 - The red flags to be on the lookout for 8:58 - Steps your family can be taking to avoid these mistakes overall 10:20 - Advice on dealing with the emotional challenges of inheriting wealth 13:02 - Smart ways we can be good stewards of our wealth 15:21 - The bottomline: Addressing the challenges of giving and receiving wealth 17:30 - How you can get in touch with Homer's team and learn more about a VFO 18:25 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
The market year-to-date has brought along some major changes worth reflecting on. Rising interest rates, inflation, a bolstered tech sector and an uncertain path forward into 2024. On the latest episode of Advance Your Wealth, we’re looking back at Q3 and forward to Q4 and beyond. We discuss market trends, Mega Cap Tech, how Konvergent Wealth Partners defends its clients portfolios, and where the market appears to be heading in 2024. Timecodes: 0:06 - Introduction and overview on the topic of the show 1:19 - What are some high level year-to-date trends the Konvergent team is noticing? 2:28 - What's moving the S&P...the Magnificent Seven? 3:15 - What caused the major market moves in August? 4:36 - Mega Cap Tech and Impact on the Market as a whole. 6:23 - The Search for Safe Staple Stocks May Surprise You. 7:19 - 3rd Quarter Earnings vs. Expectations for the Future. 9:45 - Q4 and Excess Savings...What to Expect. 11:05 - How Well Do Valuations Predict Market Prices? 12:07 - Earnings Yields vs. Real Inflation Adjusted Interest Rates 13:25 - How Portfolios Stay Ahead of the Curve. 15:05 - Closing Remarks and How to Connect with Konvergent Wealth Partners. 16:05 - Disclosures. Connect with Homer Smith: Facebook LinkedIn Website…
Family banks are a tool that some very wealthy families use for a number of reasons, and they’re increasingly being adopted by more and more families across the net worth spectrum. On the latest episode of Advance Your Wealth, we’re looking at whether family banks could be a smart move for you! Timecodes: 0:06 - Introduction and overview on the topic of the show 1:15 - What is a Family Bank? 2:28 - What is a Family Bank ultimately used for? 3:39 - How a Family Bank supports a family and fosters financial intelligence 5:04 - A Family Bank can help people with their business-building desires 6:33 - Family Banks are meant to be a formal solution within your estate 7:50 - Family Banks can offer custom solutions to help address family needs overall 9:17 - Who can leverage a Family Bank? 10:42 - How a family sets up and utilizes their Family Bank over time 12:46 - How to get in touch with Homer and his team to discuss Family Banks 14:20 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
Like many of us, the wealthiest people often worry about their health, their families and their finances. On the latest episode of Advance Your Wealth, we’re looking at how you can adopt some of the Super Rich’s strategies for addressing their fears and staying on the right track. This episode is packed with helpful considerations for your own financial world. Let's get started! Timecodes: 0:06 - Introduction and overview on the topic of the day 1:01 - Even significant wealth doesn't eliminate fundamental challenges 3:24 - How wealth plays a role with health for many of us 4:45 - An overview on concierge medicine 7:18 - Navigating dysfunctional family dynamics and how they threaten wealth 11:57 - We all fear losing our wealth 13:27 - Recommendations on fighting the fear of losing your wealth 15:15 - Taking the best ideas from the billionaires and implementing them for everyone 16:50 - How to get in touch with Homer and his team 18:20 - Closing remarks Connect with Homer Smith: Facebook LinkedIn Website…
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