In this episode of Harnessing Your Wealth, we discuss the importance of protecting wealth, especially in blended families, and the role of trusts in safeguarding assets for future generations. Billy, Shaun and Cade open conversations about inheritance and financial planning to prevent conflicts among family members. The discussion also highlights the significance of having a solid financial plan to ensure long-term success and stability.
Takeaways
Prenuptial agreements are essential for protecting assets in blended families.
QTIP trusts can help safeguard children’s inheritance in blended families.
Trustees should be chosen carefully to avoid family conflicts after death.
Estate planning is especially important for blended families to consider all parties involved.
Teaching children the value of money can prevent them from squandering their inheritance.
Having a financial plan helps individuals understand their goals and resources.
Open discussions about wealth can strengthen family relationships.
In this conversation, Dr. Brad Fanestil discusses the profound connection between health and wealth, emphasizing that without health, wealth holds little value. He introduces the concept of mind-body medicine, highlighting how emotional and psychological factors can significantly impact physical health. The discussion delves into the role of neuroscience in understanding pain and anxiety, challenging traditional medical narratives that often overlook these connections. Dr. Fanestil advocates for a shift in perspective, encouraging individuals to rewire their brains for healing through education, language, and understanding the power of beliefs. He also touches on the importance of addressing stress and the impact of aging on health, ultimately promoting a holistic approach to wellness that integrates mind and body.
Takeaways
Health is foundational to wealth.
Chronic pain can often be addressed through mind-body techniques.
Neuroscience provides insights overcoming chronic pain and anxiety.
Traditional medical narratives may overlook emotional factors in health.
Pain and anxiety are protective alarms from the brain.
Rewiring the brain is essential for overcoming chronic pain.
Education about the brain’s function is crucial for healing.
Language used in healthcare can influence patient outcomes.
Beliefs about health can shape physical realities.
Stress can stem from past experiences and affect current health.
About our Guest:
Dr. Fanestil is Board Certified in Internal Medicine, and has practiced as both a primary care internist and as a hospitalist in Colorado for most of his career. For several years he was the Director of Inpatient Care at Avista Hospital in Louisville, working exclusively in hospitals and ICUs. In 2017 he began researching and learning about new theories in neuroscience – largely supported by functional MRI (fMRI) data – that are beginning to explain the emotional connections between mind and body. When he started bringing these new ideas to his primary care patients, many of his most complicated and frustrated patients started getting better. He now runs the Boulder Institute for Mind Body Medicine, where he teaches patients and clinicians how to use these tools to re-wire the neural circuitry of anxiety and chronic pain in individual appointments and online classes.
Heather Peterson, owner and founder of Pain Free For Good, began her search for the truth in 2010 while desperately trying to find the answers to help her husband recover from chronic pain. While on her search for answers, she also healed herself and has continued to help countless others trying to cross the river of pain. As a Mindbody Healer and Coach, she is passionate about helping women discover the truth in order to overcome physical and emotional pain.
In this episode, Billy takes the hot seat as his son Cade interviews him about key concepts from his book, focusing on market volatility, goal funding in retirement, emotional investing, tax strategies, and performance-based selling. The conversation emphasizes the importance of understanding market dynamics and making informed decisions rather than reacting emotionally to market fluctuations. In this conversation, the speakers discuss the implications of wealth loss, government accountability, and the importance of long-term investing strategies. They emphasize the need for taxpayers to be aware of government actions and the impact of economic decisions on personal finances. The discussion also highlights Warren Buffett’s investment strategies and the significance of patience in investing, particularly during market downturns.
Takeaways
Market volatility can create both opportunities and challenges for investors.
Rebalancing is essential to maintain your original investment allocation.
Goal funding is crucial for retirement planning and should be approached strategically.
Capitulation often leads to poor investment decisions driven by fear and greed.
Billy Peterson, Cade Peterson and Zoe Cadman discuss Zoe’s Journey into broadcasting and the role of media in horse racing. Check out this episode as they discuss the art of selecting racehorses, the value of underdogs, and the emerging talent among jockeys. The discussion also touches on the challenges facing horse racing today and the journey of retired racehorses, highlighting personal connections and experiences in the equestrian world.
They discuss:
Zoe Cadman transition from a jockey to a media role.
Engaging events are crucial to attract younger fans to racing.
Safety measures in racing have improved with HISA.
And more
About Zoe Cadman
Zoe Cadman is host and analyst for XBTV, Santa Anita Park and 1/ST Racing. Born in South Africa and raised in England, Zoe came to America and worked for trainers Michael Dickinson, Christopher Speckert and Mike Stidham prior to taking out her jockey’s license in 2000. She became the first female rider in Chicago history to win a meet riding title when she won the spring 2001 Hawthorne title. In 2008, Zoe relocated to Santa Anita to work with HRTV until 2015, when she began her current broadcast role with XBTV, Santa Anita Park and 1/ST Racing.
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.
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
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.
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
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.
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
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!
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
