Category: Investing

Royal Vista Ranch
Building a Quarter Horse Powerhouse with Cole Morehead (Ep. 79)

Building a Quarter Horse Powerhouse with Cole Morehead (Ep. 79)

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From building a successful oil & gas inspection company to leading one of the premier quarter horse operations in the country, Cole Morehead’s story is all about hard work, sacrifice, and vision.

In this episode of Harnessing Your Wealth, Cole shares the entrepreneurial journey behind XCEL, the importance of family and teamwork, and how he and his wife, Marijo, purchased and expanded Royal Vista Ranch into a powerhouse in the racing and rodeo performance horse industry.

He also discusses industry challenges in horse racing and breeding, the role of technology and integrity in the sport, and the strategies behind building a successful ranching and breeding operation. Throughout it all, Cole emphasizes the importance of team, leadership, and family in sustaining long-term success.

Hear how relationships, elite stallions like Apollitical Jess and Flying Cowboy 123, and strong leadership helped fuel Royal Vista Ranch’s incredible momentum.

🎙️ Watch now and hear the lessons behind building success in business and life.

This presentation is for informational and educational purposes only and should not be construed as individualized investment advice or a recommendation of any particular security, strategy, or investment product. The views and opinions expressed by the guest speaker are solely their own and do not necessarily reflect those of Peterson Wealth. The guest speaker is not affiliated with Peterson Wealth,  and Peterson Wealth does not endorse or guarantee the accuracy of third-party information.  The guest is not paid compensation for their participation; however, he/she may receive a non-cash gift from the firm.  

Peterson Wealth is a registered investment advisor with the SEC. Registration does not imply a certain level of skill or training. Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal.

Any examples or illustrations used in this presentation are hypothetical in nature and for demonstration purposes only. You should consult with your personal financial, tax, or legal advisor before making any investment decisions.

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Revolutionizing Post-Acute Care: A Conversation with Jason Murray (Ep. 74)

Revolutionizing Post-Acute Care: A Conversation with Jason Murray (Ep. 74)

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In this episode of Harnessing Your Wealth, host Billy Peterson sits down with Jason Murray, CEO and co-founder of PACS Group, Inc., a leading operator in post-acute and skilled nursing care. The conversation dives into Jason’s entrepreneurial journey and the realities of scaling a company in one of the most highly regulated industries in healthcare. He shares how leadership, culture, and disciplined decision-making have guided PACS’ growth—from evaluating new opportunities to navigating complex regulatory environments. Billy and Jason also explore the strategic thinking behind taking the company public, the lessons learned through rapid expansion, and why maintaining balance between professional ambition and personal life is essential for long-term success.

They discuss:

  • Building a strong support structure is crucial for success.
  • Relationships become more meaningful as you grow in wealth.
  • Starting a business requires a deep understanding of the industry.
  • Culture is key to maintaining a successful business.
  • Growth should not compromise company values.
  • Navigating regulations is a significant challenge in healthcare.
  • Expanding services can create a comprehensive care ecosystem.
  • And more

Resources:

About Our Guest: 

Jason Murray has more than 20 years of experience working as an executive in acute and post-acute healthcare settings and is a licensed nursing home administrator. He is the chief executive officer and one of two founders/owners of PACS Group Inc., a rapidly growing national platform investing in the continuum of post-acute care, including post-acute care professionals, ancillary services, and over 300 post-acute facilities in 17 states across the country. Jason is a Fellow of the American College of Healthcare Executives (FACHE) and holds a master’s degree in healthcare administration. He was named 2023 Mountain West Entrepreneur of the Year by Ernst & Young and was a finalist for their national Entrepreneur of the Year competition that same year.

About PACS:

PACS was founded in 2013 with two skilled nursing facilities. Since the purchase of those initial facilities, the PACS family consists of 323 independent operating subsidiaries across 17 states, as well as ancillary and support services, and continues to bring our model of mission-driven care that balances access to a national network of support and resources with local decision making.

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Paul Jones
Keys to Success in Quarter Horse Racing with Paul Jones (Ep. 71)

Keys to Success in Quarter Horse Racing with Paul Jones (Ep. 71)

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Paul C. Jones is a renowned Quarter Horse trainer and a 2024 inductee into the American Quarter Horse Hall of Fame. Following in the footsteps of his father, legendary trainer Paul T. Jones, Paul worked his way through the ranks, building a career defined by excellence, consistency, and integrity. Over the years, he has dominated numerous racing categories while earning widespread respect for his horsemanship and leadership.

Known for his tireless work ethic and ability to build strong, loyal teams, Paul places the highest priority on doing what is best for his horses and owners. His deep understanding of each horse in his care is legendary. “He knows his horses intimately, without even looking at their name tags,” says his wife, Marin Jones.

Throughout his career, Paul has trained countless memorable horses and witnessed the evolution of the racing industry firsthand. He is a thoughtful voice on the importance of financial wisdom, communication, and fairness in racing, and he remains deeply invested in the future of the sport. Despite the challenges facing California racing today, Paul continues to express optimism and a steadfast commitment to the industry he loves.

About our Guest:

Paul C. Jones is a trainer who has joined the American Quarter Horse Hall of Fame as a member of the class of 2024. His career highlights include winning the All American Futurity three times (Teller Cartel, No Secrets Here and Runnning Brook Gal), the Champion of Champions six times (Whosleavingwho, The Down Side, Cash For Kas, Wave Carver, Good Reason SA and Rylees Boy) and the Los Al Two Million two times (A Reagal Choice and Good Reason SA).

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Race Horsing Trainer Jason Olmstead
From Jockey to Top Trainer: Jason Olmstead’s Winning Formula (Ep. 70)

From Jockey to Top Trainer: Jason Olmstead’s Winning Formula (Ep. 70)

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In this exciting 70th episode of Harnessing Your Wealth, host Billy Peterson interviews Jason Olmstead, a prominent horse trainer. Jason Olmstead grew up surrounded by horse racing, with his grandparents training racehorses. His family’s roots in the industry laid the foundation for his future career. “I fell in love with it from day one,” Jason recalls, reflecting on his childhood. Jason shares insights on training philosophies, the significance of soundness in horses, and the loyalty of quarter horse owners. Jason’s training career has been marked by impressive achievements. His ability to maintain long-term relationships with clients has been a key factor in his success. “What I’m most proud of is we still train for a lot of the same people that we originally trained for that gave us our first chances,” he shares. This loyalty and dedication to his clients and their horses have fostered a supportive community around his training stable.

Takeaways

  • Harnessing Your Wealth is about more than just money.
  • Jason Olmsted’s journey in horse racing began with his grandparents.
  • The importance of family support in a racing career.
  • Quarter horses often have more loyal owners than thoroughbreds.
  • Building relationships with riders is key to a successful stable.
  • Learning from mistakes is part of the training process.
  • Fear of failure can drive success in competitive environments.
  • The next generation of riders is essential for the future of racing.

About our Guest:

After a successful career as a jockey, Jason transitioned to training, a move that seemed almost inevitable. Jason Olmstead and his wife Amber own Circle JA Racing Ranch in Pryor, Okla. He had the most Quarter Horse wins of any trainer here in 2023. Jason grew up in horse racing. His grandfather was a trainer and all he ever wanted to do was be a jockey. He has the honor of winning the AQHA Racing’s 2021 Blane Schvaneveldt Champion Trainer award. Jason and Amber Olmstead are among the Class of 2022 inductees into the Canterbury Park Hall of Fame.

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Money Moves For The End of The Year
The Year-End Money Moves Everyone Ignores (Until It’s Too Late) (Ep. 69)

The Year-End Money Moves Everyone Ignores (Until It’s Too Late) (Ep. 69)

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Billy and Shaun dive deep into the smartest financial moves to make before the year wraps up—because what you do in these final weeks can seriously impact your taxes, savings, and long-term financial trajectory. In this episode, they break down practical year-end strategies you can actually use: tax planning that keeps more money in your pocket, holiday spending frameworks that prevent budget blowouts, insurance and estate reviews that protect what you’ve built, and goal-setting tactics that set you up for a stronger, more focused year ahead. If you’re ready to take control of your money, avoid avoidable mistakes, and end the year with clarity and confidence, this is the ultimate financial checklist you don’t want to miss.

Key Takeaways:

  • Max out 401(k) contributions while there’s still time.
  • Use tax-loss harvesting to offset capital gains.
  • Leverage charitable giving strategies for extra tax benefits.
  • Protect your holiday budget—spend with intention, not emotion.
  • Audit your top 5 expenses to uncover easy savings.
  • Review and update insurance policies to ensure proper coverage.

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Integrated Tax Podcast
Don’t Miss These Money-Saving Tax Changes (Ep. 65)

Don’t Miss These Money-Saving Tax Changes (Ep. 65)

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In this conversation, tax expert Jake Johnstun discusses the latest tax legislation, focusing on new deductions available for businesses, the introduction of Trump accounts for children, and changes in clean energy incentives. The discussion also covers SALT deductions, standard and child tax credits, and the implications of officer compensation audits by the IRS. Additionally, Johnstun highlights estate tax exemptions and everyday tax strategies for individuals and businesses, while also addressing trends in client demographics and advanced tax strategies.

Takeaways:

  • The new tax laws provide significant deductions for businesses, especially in depreciation.
  • Trump accounts allow for tax-advantaged savings for children under 18.
  • Clean energy incentives are changing, with some benefits expiring soon.
  • SALT deductions have increased, but many will still be affected by limitations.
  • Standard deductions have been adjusted for inflation, benefiting taxpayers.
  • Child tax credits have seen slight increases, aiding families.
  • Small businesses can benefit from the QBI deduction, which is 20% of net income.
  • IRS audits are increasingly focusing on officer compensation and 1099 compliance.
  • Estate tax exemptions have increased significantly, allowing more wealth to be passed on tax-free.
  • Investing in qualified accounts like Roth IRAs can provide long-term tax benefits.

About our Guest: 

Jake Johnstun, EA has been in the tax preparation industry since 1994. An Enrolled Agent is a federally authorized tax practitioner who has technical expertise in the field of taxation and who is empowered by the U.S. Department of the Treasury to represent taxpayers before all administrative levels of examination, collection, and appeals of the Internal Revenue Service. In addition to taxpayer representation, Enrolled Agents often provide tax consultation services and prepare a wide range of federal and state tax returns.

Jake is the president and founder of Integrated Tax, founded in 2002 located in Ogden, Utah. He is a Partner and owner of Elite 1031 Exchange, a Qualified Intermediary. He is an Alumnus of Weber State University with a Bachelor of Science degree in Accounting. He is an NTPI Fellow and a graduate of the SSLA Leadership Academy.

Jake was voted onto the National Association of Enrolled Agent’s Board of Directors in December 2017. He is the current Chair of the NAEA PAC representing tax professionals before the United States Congress. He is also the current Chair of the GOAL Foundation.

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Bulletproof Wealth: How to Secure What You’ve Built
Bulletproof Wealth: How to Secure What You’ve Built (Ep. 63)

Bulletproof Wealth: How to Secure What You’ve Built (Ep. 63)

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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.

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Billy Peterson Harnessing Your Wealth
Chapter 10: A Time to Sell – Is this one of those times? (EP 53)

Chapter 10: A Time to Sell – Is this one of those times? (EP 53)

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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.

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Zoe Cadman Former Jockey and Current TV Analyst
From Jockey to Media Star: Zoe Cadman’s Journey (Ep. 52)

From Jockey to Media Star: Zoe Cadman’s Journey (Ep. 52)

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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.

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Santa Anita Park 

Connect with Zoe Cadman
• Instagram: ZoeCadman_
• 1/ST Things 1/ST, Presented by Santa Anita

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Grit, Resilience and Unity that Define a Utah Mountain Town with Mayor Ben Nadolski (EP 51)

Grit, Resilience and Unity that Define a Utah Mountain Town with Mayor Ben Nadolski (EP 51)

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In this episode, Billy Petersen interviews Ben Nadolski, the Mayor of Ogden, Utah. They discuss Ben’s unique journey from a career in wildlife management to politics, the challenges of public scrutiny, and the importance of mental toughness and resilience in leadership. Ben shares insights on the human side of leadership, the significance of hard work, and the impact of surrounding oneself with the right people. The conversation also touches on Ben’s day-to-day responsibilities as mayor and the current projects he is focused on. In this conversation, they discusses the importance of collaboration in leadership, emphasizing the need for all departments to work together to achieve common goals. The mayor talks about the ‘Ogden Way,’ which focuses on community accountability and the role of government in supporting citizens without overstepping.

Billy, Shaun and Ben discuss

  • Ben Nadolski transitioned from wildlife management to becoming the Mayor of Ogden.
  • Ben emphasizes the value of critical thinking over party lines.
  • Surrounding yourself with supportive people is crucial for success.
  • Local politics focus on community impact rather than national issues.
  • Energy and mindset significantly affect leadership effectiveness.
  • And more

About Our Guest: 

Mayor Nadolski took office on January 2, 2024, bringing with him a breadth and depth of experience to the office, including two terms on the Ogden City Council, and a 23-year career with the Utah Division of Wildlife Resources (DWR). Nadolski was instrumental in the inception and implementation of the Ogden River Restoration Project; a $6-million project in Ogden, Utah, that transformed a blighted and polluted river into a Blue Ribbon Fishery that paved the way for a surge in recreational use and community and economic development for Ogden City.

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