Category: Divorce
Real Stories of Fraud and Embezzlement (Ep. 45)

Real Stories of Fraud and Embezzlement (Ep. 45)

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Meet Tricia Justice, a longtime client with a powerful cautionary tale about misplaced trust, overlooked warning signs, and the devastating impact of financial fraud. In 2010, Tricia made the life-altering decision to entrust 70% of her hard-earned savings to a seemingly credible and highly recommended Wall Street financial advisor. With help from the team at Peterson Wealth Services, Tricia discovered that her financial advisor was running a Ponzi scheme and misusing her funds to finance his lavish lifestyle. 

Plus, Billy and Shaun provide other stories of fraudulent activity and scams and highlight why skepticism and sound advice are crucial in today’s investment world. You won’t want to miss this episode!

Critical takeaways include:

  • The importance of researching and interviewing multiple financial advisors 
  • Helpful credential tools to verify fiduciary responsibilities
  • Warning signs and red flags of fraud and scams
  • How and why affluent investors are often targeted in financial scams
  • The role of scammers and psychological manipulators and how you can protect yourself
  • And more

Tricia Justice is a client of Peterson Wealth and is not being compensated for sharing their opinion and experience with our firm. Any compensation creates a conflict of interest and Tricia Justice’s comments may not be representative of any other person’s experience with the firm.

Resources:

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The Emotional Connection to Chronic Pain with Jim Prussack (Ep.44)

The Emotional Connection to Chronic Pain with Jim Prussack (Ep.44)

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In this episode, Billy Peterson speaks with licensed physical therapist Jim Prussack, known as The Pain PT, to explore the revolutionary concept of mind-body healing. With a personal recount of his own battle with pain, Billy highlights the importance of understanding pain beyond traditional medicine.

Tune in as Jim explains how chronic pain can be rooted in emotional stress, past trauma, and psychological factors rather than just physical injury. He highlights that the brain, often neglected in traditional medical assessments, plays a central role in creating and processing both physical and emotional pain.

Key takeaways include:

  • Jim’s journey from traditional physical therapy to studying pain and the powerful mind-body connection
  • How you can unlock new avenues for healing without surgery or drugs
  • The significant role of stress and emotions in chronic pain 
  • How modern medicine often overlooks the brain’s impact on healing
  • Real-life success stories of healing chronic pain through emotional awareness
  • And more

Resources:

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About Our Guest: 

Jim Prussack’s journey into chronic pain treatment began even before his physical therapy training. Struggling with his own health issues, he realized traditional methods often failed to address persistent pain effectively. This led him to pursue deeper knowledge, including a second master’s in Physiotherapy in Australia, where he learned about pain science and the role of the nervous system in pain perception. Influenced by renowned figures like Dr. Peter O’Sullivan, Lorimer Moseley, and David Butler, Jim also explored mindfulness and meditation, completing intensive Vipassana retreats and learning from experts like Jon Kabat-Zinn. His approach evolved further under the guidance of Dr. John Sarno and Dr. Howard Schubiner, emphasizing the mind-body connection in healing chronic pain. Now a certified SIRPA practitioner, Jim helps patients understand how emotions and thoughts impact physical health, combining scientific insight with holistic methods.

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Analyzing The Many Forms of Taxes in Our Country and Why Our Economy Has Faltered (Ep.42)

Analyzing The Many Forms of Taxes in Our Country and Why Our Economy Has Faltered (Ep.42)

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Billy, Shaun, and Cade dive deep into the US national debt crisis, spotlighting the staggering $12.5 trillion in projected net interest costs over the next decade and voicing serious concerns about the long-term consequences for American citizens.

Together, they unravel the complexities of taxes and fiscal policy, revealing how the mounting US debt directly impacts taxpayers. Gain practical, actionable advice on personal savings—from tax-efficient strategies for small business owners to the powerful benefits of Roth IRAs.

Though it may feel like we’re trapped in this economic spiral, this episode emphasizes your power to take control of your finances, health, and mindset by making informed, strategic decisions. Now more than ever, they stress the critical need to hold elected officials accountable for responsible fiscal leadership.

Join the guys of Peterson Wealth Services as they discuss:

  • The need for the government to be more fiscally responsible
  • How nearly half of the country’s debt repayment comes from individual income taxes
  • Strategies to minimize tax burdens on investment income
  • The importance of knowledge when it comes to your health and finances
  • And more

Resources & Previous Episodes of Interest:

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Leadership, Work-Life Balance, and Community Support with Lieutenant Travis Lyman (Ep.41)

Leadership, Work-Life Balance, and Community Support with Lieutenant Travis Lyman (Ep.41)

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In this episode, Billy and Cade are joined by Travis Lyman, a seasoned law enforcement professional with 28 years of experience. Throughout their conversation, Travis reflects on his long and accomplished career, offering invaluable insights into the evolution of policing and the challenges officers face today.

Listen as he explains how his experiences—ranging from everyday encounters to high-stakes situations—have influenced his approach to guiding and mentoring others in the profession.

Delve into the world of law enforcement as this episode highlights: 

  • The qualities that make an effective leader in such a demanding field
  • The importance of strong and positive relationships between law enforcement and the people they serve
  • Insights into the evolution of policing including the influence of social media
  • Preparedness for the physical, emotional, and psychological demands of the job
  • Why many officers struggle with work-life balance
  • And more

Resources:

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About Travis Lyman: 

Travis Lyman is a Lieutenant with the Layton Police Department and has 25 years of law enforcement experience. Lt. Lyman has worked in Patrol, Investigations, and Administration. He is a graduate of the FBI National Academy Session #277.

In 2009 Lt. Lyman took on the role as the first CIT Law Enforcement Regional Coordinator for the Davis County area and helped implement the CIT Program within the region. He and his counterpart from Davis Behavioral Health host two CIT Academies annually at the Layton Police Department, and serve as a resource for the law enforcement and mental health communities in Davis County.

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10 Essential Steps to Guide Your Children Toward Financial Fulfillment (Ep. 38)

10 Essential Steps to Guide Your Children Toward Financial Fulfillment (Ep. 38)

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Financial growth for children starts with the right guidance from parents.

How can parents instill financial wisdom in their children from a young age? What steps can they take to ensure their kids grow up financially savvy and independent?

This week on Harnessing Your Wealth, Billy Peterson and Shaun Peterson discuss ten essential steps every parent should follow to teach their children about finances.  

You’ll learn practical advice, real-life examples, and some humorous anecdotes that highlight the importance of financial education for the next generation.

Billy and Shaun touch on: 

  • The importance of teaching financial concepts like budgeting and investing from a young age
  • Avoiding habits like impulse purchases and unnecessary debt
  • Allowing children to make their own financial decisions and learn from mistakes
  • Encouraging long-term investing and the power of compound interest
  • And more!

Resources:

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From the Saddle to Success: Billy Peterson’s Journey with ‘From the Starting Gate’ (Ep. 36)

From the Saddle to Success: Billy Peterson’s Journey with ‘From the Starting Gate’ (Ep. 36)

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“Life can be like riding a racehorse.”

This is the first line in Billy Peterson’s new book, “From the Starting Gate: The Winning Strategies for Wealth, Health, and Happiness.” 

Get an exclusive, behind-the-scenes look into Billy’s extraordinary journey as an author, former jockey, financial advisor, and business owner, with Shaun Peterson taking the reins as host. Together, they delve into the compelling reasons behind Billy’s decision to write his second book, the passion and perseverance it took to share his personal stories and inspirational history, and the profound gratitude he holds for the wisdom imparted by a cherished former client.

Highlights from this episode include:

  • The journey and challenges Billy faced while writing and publishing his second book
  • His three pillars for a successful life: wealth, health, and happiness 
  • The influence of a positive mindset has on your health and well-being
  • Advice for aspiring authors including the writing process and publishing 
  • And more!

Resources:

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Balancing Fame and Business with Angie Katsanevas and Shawn Trujillo (Ep. 32)

Balancing Fame and Business with Angie Katsanevas and Shawn Trujillo (Ep. 32)

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Are you ready to thrive in the world of wealth and personal growth, while also diving into the glittering yet gritty world of reality TV?

In this powerhouse episode of Harnessing Your Wealth, Billy and Shaun Peterson take an extraordinary journey with “Real Housewives of Salt Lake City” star Angie Katsanevas and her husband Shawn Trujillo. Listen as they share the diverse realms of entrepreneurship, personal success, and the pressures of reality TV fame. Shawn and Angie share their story, from the roots of their robust business empire, Lunatic Fringe Salons, to Angie’s dynamic role on a show that has captivated millions. 

Together they cover: 

  • How Angie found herself as a star of the Real Housewives of Salt Lake City
  • The balance between personal values and business growth
  • Behind-the-scenes insights into the beauty industry and reality TV
  • How they overcame the challenges faced during the COVID-19 pandemic
  • The importance of team culture and retaining genuine connections 
  • Strategies for navigating the unforeseen challenges in the high-stakes world of entrepreneurship and entertainment
  • And more!

Resources:

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Connect with Angie Katsanevas: 

Connect with Shawn Trujillo: 

About Angie Katsanevas: 

Angie Katsanevas is a business owner and reality TV star, recognized for her role in “The Real Housewives of Salt Lake City” (RHOSLC). She co-founded Lunatic Fringe Salons with her husband, Shawn Trujillo. Angie is known for her firm personality, being described as a business owner, wife, and mother who always has her friends’ backs.

About Shawn Trujillo: 

Shawn Trujillo is a hairstylist and fitness enthusiast, known for his appearance on the reality TV show “The Real Housewives of Salt Lake City.” He co-founded Lunatic Fringe Salons with his wife, Angie Katsanevas, a chain of salons located in Utah, Idaho, and Ohio. Shawn also owns a cosmetology school, Paul Mitchell The School, in Salt Lake City.

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Strategies for Divestiture, Divorce, and Death (Ep. 31)

Strategies for Divestiture, Divorce, and Death (Ep. 31)

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Life’s major milestones greatly affect your finances. Whether you’re starting a family, buying a home, getting married, or going through a divorce, it’s crucial to handle these financial transitions with the right tools and know-how.

Welcome to the conversation of the 3Ds – divestiture, divorce, and death.

Today, Cade Peterson takes on the role of host and interviews Billy and Shaun, both of whom hold Certified Divorce Financial Analyst designations. While this episode delves into their expertise in guiding clients through the complexities of divorce, they also discuss how to manage financial transitions like divestiture (selling a business) and death.

Uncover strategies for the 3D’s as the guys uncover:

  • Understanding the complexities of selling a business including tax implications, deal structuring, and emotional considerations
  • The emotional and financial implications of divorce
  • Personal and client scenarios regarding selling off assets and dividing pensions 
  • End-of-life planning including estate considerations, charitable giving, and the importance of organized documentation
  • And more!

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Investor Insights: The Current Market Mania (Ep. 30)

Investor Insights: The Current Market Mania (Ep. 30)

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In a time where technology and artificial intelligence are rapidly transforming various sectors, the financial market is witnessing a significant influx of tech and AI investments. 

For investors and those in the financial sector, understanding how tech advancements affect the market and their impacts is key.

This week on Harnessing Your Wealth, Shaun and Cade Peterson ask Billy Peterson about the current tech and AI market frenzy, discussing whether it’s a bubble or a sustainable trend. They explore the strategy of inaction and the power of patience in investment. The conversation also covers the impact of AI, Bitcoin, the effects of election-year politics on investments, and the evolution of the financial services industry.

Together, they discuss: 

  • Experiences during the tech bubble, the frenzy around IPOs, and the subsequent market collapse
  • Parallels between the tech bubble era and the current AI and tech boom
  • The contradictions in perceiving crypto and Bitcoin as both a currency and an investment
  • The impact of the “magnificent seven” companies on the S&P 500 returns
  • Market performance during election years and the factors that influence market returns
  • The impact of media on public perception
  • A comparison of past manual trade operations with current technology-driven market operations and the value of long-term planning
  • And more!

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Financial Health & Wellness Boot Camp 2024 (Ep. 29)

Financial Health & Wellness Boot Camp 2024 (Ep. 29)

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Unlocking the potential of our youth through financial empowerment doesn’t just shape individual destinies; it fortifies the very bedrock of our communities, paving the way for a brighter, more resilient future for all.

Together with The Livastride Foundation, Peterson Wealth Services will host its 14th Annual Financial Health & Wellness Boot Camp on  March 19, 2024 at Weber State University. 

With a panel of industry leaders, a keynote speaker, and an audience of hundreds of students and educators, this event is dedicated to fostering practical financial education for the real world. 

Join Billy, Cade, and Shaun in this installment of Harnessing Your Wealth to hear how a family tradegy formed a foundation that grew into a multitude of events that helped youth and families in need. And now, for the past fourteen years, the Petersons have streamlined their mission to focus on an event that empowers youth to learn the value of both money, and life.

Notable topics from this episode include:

  • The Livastride Foundation, created in memory of Billy’s brother, Brody
  • Stories of past events including baseball tournaments and a home-run derby
  • Why it’s important to Peterson Wealth Services to support financial education initiatives  
  • How Billy became interested in finances and investing 
  • Physical and emotional ties between financial well-being and mental health
  • Information regarding the Financial Health & Wellness Boot Camp including guest speakers and topics of discussion
  • And more!

Resources:

Connect with Billy Peterson:

Connect with Shaun Peterson: 

Connect with Cade Peterson:

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