Email david@parallelfinancial.com

Don't forget to visit www.weeklywealthpodcast.com

Join our FACEBOOK GROUP

Schedule your time with David at www.calendly.com/davidpf

Takeaways:

• Social media can be a source of misleading financial advice, so be cautious.
• Understand the motivation behind financial influencers, as they often promote their own products.
• 401(k) plans can be beneficial, especially with employer matches and Roth options available.
• Not all financial advice is suitable for everyone; it's important to assess personal circumstances.
• Be wary of bold claims made by influencers that may not reflect reality.
• Consult a certified financial planner to create a customized financial roadmap tailored to your goals.

• www.weeklywealthpodcast.com

Mentioned in this episode:

Weekly Wealth Website

Email david@parallelfinancial.com

Join us on Facebook

Takeaways:

• Understanding basic financial planning is crucial before diving into advanced strategies.
• Tax mitigation strategies such as state tax credits can significantly reduce your tax burden.
• Participating in tax credit funds requires accredited investor status and can offer substantial savings.
• Utilizing 1031 exchanges allows for deferring capital gains taxes on real estate investments.
• Cost segregation studies can accelerate depreciation deductions, increasing cash flow for investors.
• Private market investments provide opportunities for diversification but come with higher risks and illiquidity.

Links referenced in this episode:

• www.weeklywealthpodcast.com
• davidarallelfinancial.com

Contact David via email david@parallelfinancial.com

Don't forget to visit www.weeklywealthpodcast.com

Takeaways:

• Mastering financial basics is crucial for long-term success, just like athletes rely on fundamentals.
• Establishing an emergency fund of six to twelve months of expenses reduces financial stress.
• Understanding your investment risk tolerance is essential for aligning your portfolio with your goals.
• Consistently reviewing your insurance coverage helps protect your financial assets from unexpected events.
• Clarifying your money philosophy with family can guide better financial decisions in the future.
• Regularly check your beneficiary designations to ensure they align with your current wishes.

#financialbasics #highnetworth #investing #personalfinance #weeklywealthpodcast #financialgoals #massaffluent #riskmanagement #financialstress