Category: Financial Advisor
Essential Steps for Divorce Financial Planning (EP 49)

Essential Steps for Divorce Financial Planning (EP 49)

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In this episode, Billy and Shaun dive headfirst into the complex and often turbulent waters of divorce financial planning. With emotions running high, they illuminate the pressing need for expert guidance during this pivotal moment in life. They outline critical action items for individuals preparing for divorce, including evaluating personal strengths and vulnerabilities, inventorying assets and liabilities, and understanding the implications of spousal support. The conversation also covers the valuation of business interests and inheritances, as well as the various routes one can take during the divorce process, highlighting the collaborative approach as a preferred method for resolution. In this conversation, the speakers discuss the collaborative approach to divorce, emphasizing the importance of communication and understanding between parties. They highlight the benefits of having trained attorneys who focus on negotiation rather than conflict, and the role of financial experts in ensuring fair settlements.

Takeaways

  • Understanding strengths and vulnerabilities is crucial in divorce planning.
  • Inventorying assets and liabilities is a key first step.
  • Inherited assets should remain in your own name to avoid division.
  • Choosing the right divorce route can significantly impact outcomes.
  • The collaborative approach to divorce fosters better communication.
  • Attorneys in collaborative divorce must be trained to avoid conflict.
  • Financial experts play a crucial role in divorce negotiations.
  • Communication in person is more effective than through legal documents.
  • If a resolution isn’t reached, all experts must be replaced.

 

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Harnessing Your Wealth
Navigating the Complexities of Divorce (EP 48)

Navigating the Complexities of Divorce (EP 48)

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Billy Peterson, Shaun Peterson and Noni Ferguson discuss the complexities of divorce, including common approaches, the importance of mediation, and strategies for high-net-worth clients. Noni shares her background in family law and emphasizes the need for trust and communication between spouses during the divorce process. They explore the impact of social media, the role of professionals, and the common mistakes people make when navigating divorce. Noni provides valuable advice for those facing divorce, highlighting the importance of documentation and the need to prioritize children’s well-being. The discussion concludes with insights into the trends in divorce filings, particularly in January, and the importance of seeking professional help.

Critical takeaways include:

  • Divorce is a complex and emotional process that requires careful navigation.
  • Mediation is often the best approach to achieving a fair resolution.
  • Listening to clients’ stories is crucial for understanding their needs.
  • Trust and communication between spouses are essential for an uncontested divorce.
  • Involving children in divorce discussions can have lasting negative effects.
  • Knowledge about financial portfolios is empowering for clients.
  • Documentation and organization can significantly ease the divorce process.
  • Collaborative divorce can lead to better outcomes when trust exists.
  • Social media can complicate divorce proceedings and should be managed carefully.
  • January is a common month for divorce filings, often due to post-holiday reflections.

Resources:

Nonie Ferguson

Law Elevated: https://law-elevated.com/nonie-ferguson/

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Navigating the Economic Landscape of 2025 (EP 47)

Navigating the Economic Landscape of 2025 (EP 47)

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In this episode, Billy and Shaun discuss the economic outlook for 2025, focusing on potential slowdowns, the role of the Federal Reserve, market volatility, and the impact of political policies under the Trump administration. They analyze the current economic indicators, including inflation, consumer spending, and the national debt, while emphasizing the importance of financial literacy and investment strategies for navigating the changing economic landscape.

Takeaways

  • Expect a slowdown in the economy in 2025.
  • The Federal Reserve’s actions will significantly impact on the markets.
  • Market volatility is anticipated, with more corrections expected.
  • The national debt is a growing concern with no clear solution.
  • Consumer spending is showing signs of decline, indicating economic stress.
  • The wealth gap is widening, creating two separate economies.
  • Interest rates and inflation are closely linked to the money supply.
  • Political changes under the Trump administration may influence economic policies.
  • Financial literacy is crucial for future generations.
  • Investors should remain diversified and prepared for market fluctuations.

Chapters

00:00 Economic Outlook for 2025

10:39 The Role of the Federal Reserve

20:56 Market Volatility and Investment Strategies

26:46 Political Landscape and Economic Policies

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Real Stories of Fraud and Embezzlement – Part 2 (Ep. 46)

Real Stories of Fraud and Embezzlement – Part 2 (Ep. 46)

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Fraudsters stole a staggering $10 billion in 2023. Even more shocking? Over 2.4 million reports of fraudulent activity flooded the FBI Complaints Center.

In Part 2 of this series, Billy and Shaun dive deeper into these alarming schemes, with a focus on scams targeting the elderly. Discover how fraudsters meticulously research their victims and employ manipulative tactics to execute their schemes. Billy and Shaun unpack the most common scams, reveal their inner workings, and share actionable tips to help you recognize red flags and stay one step ahead. 

Arm yourself with the knowledge to stay safe as this episode covers:

  • Common scams and their most frequent targets
  • The shocking $10 billion lost to scams in 2023
  • Heartbreaking stories, including the infamous “grandparent scam”
  • How scammers exploit personal details obtained from your social media
  • Identifying fake tech support, government imposters, and phishing emails
  • Practical tips to safeguard yourself and stay alert
  • And more

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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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The Grit and Grind of Building Dumpsters Direct with Parker Neeley (Ep.43)

The Grit and Grind of Building Dumpsters Direct with Parker Neeley (Ep.43)

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Parker Neeley is the founder of Dumpsters Direct, and he joins Billy and Cade to share his story of what it’s like to be a young entrepreneur. Starting from humble beginnings as a dump truck driver, Parker shares how his frustrations led him to the idea of building and renting out dumpsters. He opens up about the challenges he faced early on, from dealing with malfunctioning trucks to navigating the complexities of starting a business from scratch.

Parker emphasizes the importance of problem-solving in business, as well as balancing customer satisfaction with the everyday obstacles of managing employees, trucks, and unpredictable equipment failures. Despite some difficulties, his journey thus far has been filled with valuable lessons about resilience, hard work, and the power of persistence.

Billy, Cade, and Parker discuss: 

  • The importance of resourcefulness when starting a business
  • How much of Parker’s success has been from building trust from clients
  • Why you should find and harness a niche
  • Trials and errors of expansion, managing employees, and maintaining equipment
  • And more

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About Our Guest: 

Parker Neeley is a driven young entrepreneur and the force behind Dumpsters Direct, a rapidly growing roll-off dumpster company shaking up the waste management industry. With sharp business instincts and a passion for giving back, Parker turned his vision into a thriving enterprise that caters to anyone with waste disposal needs. Whether it’s residential cleanups or large-scale commercial projects, Dumpsters Direct offers efficient, eco-friendly solutions that make waste disposal easy and responsible. Parker’s commitment to growth and sustainability is at the heart of his success, and he’s just getting started!

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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

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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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How Mike Leatham Created a Multi-Million Dollar Business (Ep. 40)

How Mike Leatham Created a Multi-Million Dollar Business (Ep. 40)

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Turning a hobby into a thriving business is a dream for many, but very few achieve it.

How did Mike Leatham transform his side gig into a multi-million dollar enterprise? What challenges did he face, and what lessons can aspiring entrepreneurs learn from his journey?

Join Billy and Shaun as they chat with Mike, founder of SymbolArts about the challenges and triumphs of building a business from scratch, the art of selling, and how even hobbies like riding motorcycles can open doors to new opportunities.

Be inspired as this episode highlights: 

  • Mike’s transformation from a hobbyist to a successful entrepreneur
  • The story behind SymbolArts and its iconic products like badges and challenge coins
  • Sales techniques and overcoming rejections in business
  • Insights on managing a company and the importance of having a dedicated team
  • And more!

Previous Episode of Interest:

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About Our Guest: 

Mike Leatham founded SymbolArts in 1986. Initially a hobby, SymbolArts has grown into a multi-million dollar business with 50-60 employees. Mike’s journey began with making class rings and evolved into producing a wide range of products, including police badges and challenge coins. 

His company now serves clients across all 50 states and includes major customers like Harley-Davidson. Mike is also an avid motorcyclist, having traveled extensively on his bike, and he emphasizes the importance of sales skills and staying out of debt in business.

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