Financial – Page 5 – The Truth About Wealth

Four Must-Know Mindset Shifts — Part 2 with Aprajita Anand (Ep. 89)

By thetruthaboutwealth | August 24, 2022

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Email | TuneIn | RSS | More

Having access to tremendous wealth can’t help you control the uncontrollable.

Whether it’s the COVID-19 pandemic or the stock market crash, there are things in life that we have no control over. However, you can change the way you think about problems out of your control.

This week, John and Michael Parise welcome their returning guest and learning specialist, Aprajita Anand. This time, Aprajita unpacks the four mindset shifts she uses to help and support the girls, children, and families she works with.

Aprajita discusses:

How to help youth shift from an external to an internal sense of control
Shifting from a fixed mindset to a growth mindset
What you should know about extrinsic and intrinsic motivation
How socioeconomic circumstances impact families and children and their approach to handling and transferring wealth
How mindset shifts can reinforce our learning and growing ability
And more!

Resources:

“Man’s Search for Meaning” by Viktor E. Frankl
The Emotional Connection To Generational Wealth with Aprajita Anand (Ep. 88)

Connect with John and Michael:

Connect with Aprajita Anand:

Aprajita Anand

About Our Guest:

Aprajita Anand is a learning specialist based in New York City. She graduated from Princeton University with a degree in Art History, a minor in visual arts, and took advanced courses in science and math. She has over a decade of experience working as a private tutor and coach and feels passionate about helping her students.

She works with a limited number of families each academic year, and propels her students to succeed, from elementary school to college, graduate school, and beyond.

Aprajita has a track record of increasing her student’s academic success (e.g. writing, math/science, test preparation); social and cognitive development (e.g. intrinsic love of learning, self-efficacy, confidence); and personal development (e.g. personal life plan, ethical code, leadership development). Her students get on a dramatically better trajectory for lifetime success.

The Emotional Connection To Generational Wealth with Aprajita Anand (Ep. 88)

By thetruthaboutwealth | August 10, 2022

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Email | TuneIn | RSS | More

We’ve all heard the phrase “money can’t buy happiness.”

The COVID-19 pandemic has made the relationship between money and happiness more daunting and adding social media to the mix only complicates the matter.

In this episode of the Trust About Wealth, John and Michael Parise sit down with learning specialist Aprajita Anand. Known as the “Teen Whisperer” to her clients, Aprajita unpacks the empowering and enabling side of money while detailing how the pandemic and social media have impacted families and children.

Aprajita discusses:

Why money can’t cure all problems
Ways wealth can impact the relationship we have with our children
How the pandemic has affected the way families handle their wealth
The role of parents when it comes to handling and controlling social media
The impact of remote learning on children’s social media use
The value of resources for families and children
And more!

Connect with John and Michael Parise:

Connect with Aprajita Anand:

Aprajita Anand

About Our Guest:

She works with a limited number of families each academic year, and propels her students to succeed, from elementary school to college, graduate school, and beyond.

Structuring An Ownership Buy-Sell Agreement between Business Owners (Ep. 87)

By thetruthaboutwealth | July 27, 2022

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Email | TuneIn | RSS | More

In business, owners retiring, passing away, or leaving are instances that happen more frequently than we may think.

So, how to incorporate this information into a written agreement, especially when someone passes away?

John and Michael Parise from Copper Beech Financial Group are here to answer this and more!

This week, John and Michael unpack the importance of a buy-sell agreement. They detail what happens when a partner passes away along with tax implications for the surviving partner with a buy-sell agreement.

John and Michael discuss:

The three types of buy-sell agreements and how they work
Tax considerations for the surviving partners in buy-sell agreement
The value of businesses revisiting their buy-sell agreement
Why have a valuation metric
And more!

Resources:

Mitigating The Stress In The Financial Marketplace (Ep. 86)

Connect with John and Michael:

Mitigating The Stress In The Financial Marketplace (Ep. 86)

By thetruthaboutwealth | July 13, 2022

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Email | TuneIn | RSS | More

The past two years have caused multiple stressors in the financial marketplace.

Inflation, oil prices, the uncertainty of the dollar, global issues, the war between Russia and Ukraine, and others have made decision-making around our financial future a more daunting task.

But don’t worry. John and Michael Parise from Copper Beech Financial Group are here to help you so that you help your clients!

This week, this father-son duo unveils the tips and tricks advisors need to support their clients and their financial decisions in this fast-changing marketplace. John and Michael also unpack important conversations you must address with your clients.

John and Michael discuss:

Ways the economy has shifted since 2020
The value of asking and answering the “tough questions”
Estate tax changes and ways it impacts those taking risks
The importance of conducting market research
Some industry shortcomings
And more!

Connect with John and Michael:

Employment Post COVID-19 (Ep. 85)

By thetruthaboutwealth | June 29, 2022

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Email | TuneIn | RSS | More

The COVID-19 pandemic shifted the way industries have conducted business. Many companies shifted to a remote working model.

However, what happens when companies try to get employees that have been working remotely throughout the pandemic to come back into an office setting full time?

In this episode, John and Michael Parise discuss the challenges that employers face post-COVID. They also provide tips and tricks on how to keep employees with companies long-term.

John and Michael discuss:

Why people are settling into one company
How the job market has changed post-pandemic
Why do employees have more power than they did in the past
How technology has shifted the ways business is conducted
And more

Connect with John and Michael:

Looking To Sell Your Business? Here Are Your Options (Ep. 84)

By thetruthaboutwealth | June 15, 2022

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Email | TuneIn | RSS | More

So you’re looking to sell your business.

Remember, you can’t spell succession without success.

In this episode of The Truth About Wealth, John and Michael Parise cover all the options you have when selling your business. John and Michael detail how to determine the right time, the timelines you should follow, and the pros and cons you should consider when looking to sell a family business.

John and Michael discuss:

The importance of having a succession plan for your business
The value of leadership and generational family conversations when you’re looking to sell your business
How to determine if it’s viable to keep your family business
The truth about selling your company to a strategic purchaser or a competitor
What are the benefits of selling your business to your management team
What you should know about employee stock ownership plans (ESOP) and how they can help your succession
And more!

Connect with John and Michael:

Learn How To Allocate Your Assets To Meet Goals (Ep.83)

By thetruthaboutwealth | June 1, 2022

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Email | TuneIn | RSS | More

Do you know what to do when the markets are saturated?

A good idea is to reallocate your assets to protect your investment portfolio.

This week, John and Michael Parise go back to basics with a conversation on asset classes. They categorize them while explaining what to do with them, what to expect from them, and how to protect them.

John and Michael discuss:

How CDs work
What are the pros and cons of bonds
Stock investing and when you should buy into the market
Real estate as a wealth-producing asset
The truth about investing in gold, silver, and commodities to balance out stresses in the market
And more!

Resources:

Connect with John and Michael:

Looking into Future Economic Trends (Ep. 82)

By thetruthaboutwealth | May 18, 2022

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Email | TuneIn | RSS | More

Right now interest rates and inflation are higher than most of us have ever seen.

The market is changing and in the next 18 to 24 month it will look different than the slow rise that we have been used to seeing in the past 12 years.

In this episode of The Truth About Wealth, John and Michael are joined by Christian Hyldahl, a financial professional at Varium Investments who has been in the financial business for 30 years, to discuss what the economic trends will look like in the next short future.

John, Michael, and Christian discuss:

Christian’s thoughts on who is to blame for inflation
Advice for retirees facing an inflated market
The influence that the fed has had on the market
What might happen in response to the inflated market
And more

Connect with Christian Hyldahl:

Connect with John and Michael:

How to Pay for Estate Taxes (Ep. 81)

By thetruthaboutwealth | May 4, 2022

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Email | TuneIn | RSS | More

If you are set to have an estate tax, how might that tax get paid? Can we get that tax to zero?

In this episode, John and Michael discuss their approach to estate taxes. In their approach, taxes are voluntary and planning is essential to ensure your loved ones have a plan and the means to pay for estate taxes when the time comes.

John and Michael discuss:

The best and worst ways to pay your estate taxes
Section 6166 for business exclusions on estate taxes
Gregan loans and how they can reduce your estate tax
The importance of starting early when it comes to planning
And more

Connect with John and Michael:

Investigating the Real Estate Asset Class with Steven Kantor & Michael Brown, Part Two (Ep. 80)

By thetruthaboutwealth | April 20, 2022

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Email | TuneIn | RSS | More

In today’s market, many investors and clients are coming off of a decade of strong stock market wins and are now wondering, what’s next? With inflation concerns running rampant, many people are starting to look at the real estate asset class for answers.

In this episode John and Michael Parise welcome back guests Steven Kantor and Michael Brown for part two of a two part series on real estate investing.

John, Michael, Steven, & Michael discuss:

What opportunity zones are truly opportunities
How to leverage opportunity zone tax incentives
The use of DSTs in client’s real estate holdings
Why clients might consider shifting from stocks to real estate
And more

Connect with Steven Kantor and Michael Brown

Connect with John and Michael:

About Our Guests

Steven Kantor is CEO of S2K, where he is responsible for overseeing the strategic direction of the firm. Steven has over 35 years of principal investing and investment banking experience, and throughout his career has raised several billions of dollars for REITs and other real estate companies via IPOs, CMBS financings and other forms of equity and debt financing. Previously, Steven was an Executive Managing Director and Global Head of Investment Banking at Cantor Fitzgerald, as well as Chairman and Co-Founder of CCRE, Cantor Fitzgerald’s affiliated commercial real estate lending platform. Prior to Cantor Fitzgerald, he held several senior roles at Credit Suisse. Steven earned a B.A. from Syracuse University and a J.D. from American University.

Michael is the Head of Real Estate Capital Markets at S2K. Prior to his role at S2K, Michael held a principal position at Sabbatical, was director of debt strategies at Fairstead, and was the Senior Managing Director at Cantor Commercial Real Estate, among other roles. He holds a Bachelor of Science from Cornell University.