Tag: John and Michael Parise

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Cost Segregation In Real Estate with Isaac Downing (Ep. 92)

Cost Segregation In Real Estate with Isaac Downing (Ep. 92)

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Cost segregation in real estate has been a taboo subject for many investors. 

However, there are several tax benefits to consider when implementing cost segregation within the properties you own.

In this episode of The Truth About Wealth, Michael Parise sits down with Isaac Downing, regional director at Capstan Tax Strategies. Isaac unpacks the ins and outs of cost segregation and its role within your real estate properties. Isaac also details Capstan’s approach to supporting clients with different case studies around the subject.

Isaac discusses:

  • The advantages of cost segregation
  • Tax laws affecting cost segregation
  • What you should know about bonus depreciation 
  • Who qualifies for cost segregation 
  • And more!

Resources:

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About Our Guest:

Over the last decade, Isaac Downing has played every role in the cost segregation industry – he’s been an engineer performing studies, an accountant reviewing studies, and a salesperson selling studies.  Now he’s bringing that wealth of experience – and the associated unique perspective — to Capstan Tax Strategies.

It’s not typical for salespeople to have accounting and engineering experience, but Isaac is anything but ordinary.  A proud Marine, Isaac spent 4 years as a USMC Engineer, and then earned an additional degree in Accounting and Finance. 

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The Importance of Sobriety with Matthew Sullivan (Ep. 91)

The Importance of Sobriety with Matthew Sullivan (Ep. 91)

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The pathway to sobriety from drugs and alcohol isn’t a linear one. There is potential to have many ups and downs. 

And here’s where treatment facilities like the American Treatment Network help individuals get sober to become functioning members of society.

In this release of The Truth About Wealth, John and Michael Parise welcome their returning guest, Matthew Sullivan, the co-founder and Chief Executive Officer of the American Treatment Network. Matthew is back to unpack how his team measures sobriety success for patients while detailing everything you need to know about the timeline of patient treatment at his facility.

Matthew discusses:

  • The role of sobriety rates when measuring patient success
  • The treatment options available at the American Treatment Network
  • The cost of medical care without a health plan
  • The number of patients that return for treatment after relapsing
  • And more!

Resources:

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About Our Guest: 

Matthew Sullivan is a co-founder and Chief Executive Officer of American Treatment Network and a current board member of 1Drop Diagnostics. He is an accomplished commercial executive and entrepreneur that has developed and led strategies that have changed current medical practice throughout his career. He has been an integral part of scaling and leading high-growth organizations that have created over 1 billion dollars of shareholder value while redefining the standard of care in medical treatments.



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Drug Abuse and the Importance of Taking Action with Matthew Sullivan (Ep. 90)

Drug Abuse and the Importance of Taking Action with Matthew Sullivan (Ep. 90)

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It’s no secret that drug abuse can have harmful consequences for addicts and their families.

Hence, it’s crucial to take action and work alongside experts who know what steps to take.

In this episode, John and Michael Parise sit down with the co-founder and Chief Executive Officer of the American Treatment Network, Matthew Sullivan. Together they unveil the effects of drug abuse and opioid overdose while detailing how this problem impacts families regardless of their socioeconomic status. Matthew also comments how the American Treatment Network has specialists from different fields to achieve sustainable sobriety.

Matthew discusses:

  • How he got involved in drug addiction treatment and how the American Treatment Network is committed to helping individuals with substance dependency 
  • The differences in opioid consumption between Europe and the United States
  • The reality of marijuana in younger populations
  • What are co-occurring diseases, and reasons they more prevalent among narcotic addicts
  • How substance addiction impacts middle and upper-class families
  • And more!

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Connect with John and Michael Parise:

About Our Guest: 

Matthew Sullivan is a co-founder and Chief Executive Officer of American Treatment Network and a current board member of 1Drop Diagnostics. He is an accomplished commercial executive and entrepreneur that has developed and led strategies that have changed current medical practice throughout his career. He has been an integral part of scaling and leading high-growth organizations that have created over 1 billion dollars of shareholder value while redefining the standard of care in medical treatments.



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

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

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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:

Connect with John and Michael:

Connect with 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.



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

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

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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:

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.

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

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

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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:

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

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

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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!

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Employment Post COVID-19 (Ep. 85)

Employment Post COVID-19 (Ep. 85)

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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

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

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

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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!

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

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

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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:

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