Tag: Finances
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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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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Connect with Mike Leatham: 

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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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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Steering MJ Farms to Victory with Mac Murray (Ep. 37)

Steering MJ Farms to Victory with Mac Murray (Ep. 37)

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Join Billy and Cade Peterson as they welcome Mac Murray of MJ Farms, a notable name in the equine industry. Mac shares his extraordinary journey from the automobile industry to becoming a prominent figure in horse racing. He discusses how he and his wife, Janis, transitioned from starting their farm in Utah to expanding into New Mexico, seizing the opportunities presented by the state’s horse racing and casino gambling industry.

Gain insights into the challenges Mac and Janis faced and how they transformed MJ Farms from a small broodmare operation into one of the most respected horse farms in the country. 

Mac discusses: 

  • His transition from the automobile industry to horse racing
  • The importance of making strategic business decisions
  • How inflation has had an impact on the horse breeding industry
  • Valuable business insights, and challenges of running a horse farm
  • The importance of good financial backing and support staff in business
  • And more!

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About Our Guest: 

Mac Murray is a partner at MJ Farms, which is located in New Mexico. He owns the farm along with his wife, Dr. Janis Murray. MJ Farms is home to prominent New Mexico-bred sires. The farm has also owned or managed several other major sires, including Dash Ta Fame.

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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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Economic Highs and Lows: Navigating the Current Conditions (Ep. 35)

Economic Highs and Lows: Navigating the Current Conditions (Ep. 35)

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In a world of fluctuating markets and economic uncertainty, staying informed and prepared is key.

How do we understand the current economic trends and their potential impacts? How can we make informed decisions to safeguard our wealth?

In this episode, Billy Peterson dives into the economic indicators and market trends that signal progress and caution. He provides insights into the Dow’s historic rise, sector performances, and the looming challenges in real estate and inflation. Furthermore, Billy touches on the political influences on the economy and the importance of personal financial responsibility.

Billy discusses: 

  • The surprising performance of the market, with the Dow reaching new heights 
  • Negative trends in the bond market and its implications for investors
  • The potential danger zones in the real estate market, particularly in commercial real estate due to changing work habits and loan maturities
  • Strategies to harness your wealth despite market fluctuations
  • How government spending and the election will affect the economy and inflation
  • Consumer spending shifts due to the perceived wealth effect and its consequences
  • The significance of personal responsibility in managing finances and investments
  • And more!

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The Mind-Body Connection: Healing From Within with Heather Peterson (Ep. 34)

The Mind-Body Connection: Healing From Within with Heather Peterson (Ep. 34)

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Today’s episode features our first return guest, Heather Peterson, who first appeared in August 2023 to discuss the mind-body connection. Due to the overwhelming popularity of that episode, we’ve invited Heather back to delve deeper into the crucial topic of mental health, which is especially pertinent as we observe Mental Health Awareness Month.

We open the discussion by addressing the stigma surrounding mental health, emphasizing the need to view mental health concerns as common and manageable issues rather than signs of instability. Billy proposes a shift in terminology from “mental health” to “emotional health” to foster a more positive and approachable perspective.

Join Billy, Shaun, and Heather for this enlightening conversation as they unpack the complex relationship between our emotional well-being and how we live our lives today, offering practical insights and strategies to improve our mental health through deeper connections and understanding.

Important highlights include:

  • The importance of connection and the detrimental effects of loneliness on mental health
  • How technology and social media impact our self-worth and perception of ourselves
  • The transformative power of acknowledging deep-seated emotions to overcome physical and mental health conditions
  • Heather’s holistic approach to pain management and its benefits
  • Success stories of individuals who have benefited from Pain Free For Good
  • And more!

Resources:

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Connect with Heather Peterson: 

About Our Guest: 

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.

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