The Wealth Fix

Can AI Pick Stocks & Beat the Markets?

Would you trust AI to pick stocks and invest with your money? AI-powered algorithms are revolutionizing the way we invest, making informed decisions and maximizing returns. So you can let AI handle all that for you, right? Before you put your feet up and let AI do your investing for you, we have a few facts you need to know. These fascinating insights into the world of artificial intelligence and the stock market will bring valuable guidance for your investment strategy. Join us in this expl...

Financial Advisors Take On TikTok

Experienced financial advisors dive into the world of TikTok financial advice! From "get rich quick" schemes to unconventional “family vault” budgeting, we provide valuable insights, debunk myths, and offer well-informed opinions on whether these viral trends hold any merit in the real world of finance. Gain a deeper understanding of smart financial practices, learn to identify potential pitfalls, and hear from the pros on how to effectively manage your money. Want more financial planning ...

Avoid These 7 Mistakes When Receiving an Inheritance

Receiving an inheritance can be an emotional experience, yet it can also bring along its share of challenges and uncertainties. How exactly should you manage the newfound funds? Is it okay to spend a portion, or maybe none at all? Dealing with the loss of a dear one can make things even more overwhelming, affecting your decision-making. We've pinpointed 7 true-to-life situations where hiccups might arise when receiving an inheritance, all with the aim of simply recognizing them, so you can n...

FedNow Explained | New Instant Payment System In USA

FedNow is a new payment system backed by the Federal Reserve. FedNow will allow banks and credit unions to provide instant payments. allowing you to send or receive money any time and any day. Gone are the days of waiting days for a transaction to clear or get money from your bank. FedNow allows moving money to happen instantly. There are some risks involved though. FedNow could cause an increase in fraud and an increase in the chance of a bank run with withdrawals being done in an instant. ...

Your Restricted Stock Guide: RSUs Explained

Restricted Stock (RSU) is one method a company may compensate you for your work. Is it better than actual cash? Does it hold long term value? Should you hold or sell? To ensure you get the RSU basics, expert financial advisors are here to provide you with a complete guide to Restricted Stock! Want more financial planning tips and strategies? Subscribe here to be notified of future videos: https://www.youtube.com/@thewealthfix?sub_confirmation=1 Get started today → https://bulloakcapital....

Can You Make $1 Million In One Year?

Can you turn $100 into $1,000,000 in under a year? Can you buy luxury goods for “free” on business credit? If you said yes to these, you NEED to watch this video. Tiktok might be great for entertainment but for financial advice, it’s the worst place you can get some. Don’t worry, let professional financial advisors help you navigate the misinformation to ensure you make the best possible financial choices.         Want more financial planning tips and strategies? Subscribe here to be noti...

An IUL Isn’t Going To Make You Rich

The internet is full of bad financial advice.  In this video, financial planners react to one TikToker's money claims. We start with a claim that rich people use Indexed Universal Life Insurance (IUL) to grow their wealth. Is this the secret to becoming a multi-millionaire? Unfortunately, it’s never that easy and certainly not what we’d recommend. Don't miss out on this discussion that exposes and debunks bad money advice circulating on TikTok. Want more financial planning tips and strateg...

Why Inflation Will Continue to Fall

Inflation seems like a present shadow in our lives over the past months but what if I told you inflation is going to fall? You read that right, inflation is going to fall! We have the facts to back it up and what the falling inflation rate means for YOU and your wallet. Don’t wait, learn how you can capitalize on falling inflation today to transform your assets! Learn why inflation will continue to fall & how you can make the most out of this! Want more financial planning tips and strategie...

5 Ways to Manage Concentrated Stock

Are you facing the challenge of managing a concentrated stock position? Today, we delve into the world of concentrated stock and provide you with expert strategies to effectively navigate and safeguard your wealth. Whether you've acquired a significant amount of stock through company options, inheritance, or other means, it's crucial to have a solid plan in place to optimize your financial future. Never let concentrated stock keep you awake at night with these 5 management strategies. Want...

Investing Made Simple: The 4 Best ETFs to Hold Forever

Wall Street has a secret they don’t want you to know: investing can be simple. The key to success—investing in low-cost, diversified, and tax-efficient index funds and ETFs. To set you on the right path, we share four of the best ETFs that you can hold forever.     First on the list is IVV, the iShares Core S&P 500 ETF, which offers broad exposure to the U.S. stock market, including top companies like Apple,Microsoft, and Amazon. We highlight IVV's low expense ratio, liquidity, and impress...

4 Tax Loopholes I Wish I Knew Earlier

The IRS Tax Code can be overwhelming, but don't miss out on incredibles tax savings strategies! In this video, we reveal four amazing tax loopholes that can help you save big on taxes. Learn about the Augusta Rule (IRS Section 280A) that allows you to rent out your home tax-free, even to your own business. Discover how income shifting by employing your children can lower your tax bracket and enable them to invest in a tax-free Roth IRA. Uncover the backdoor Roth IRA strategy for high-income ...

The 3 Biggest Risks To Retirement

Discover the 3 biggest risks that can jeopardize your retirement and learn how to protect your future. In this video, we explore the three major risks to retirement and provide practical strategies to mitigate them. From outliving your savings to sequence of returns risk and the psychological challenges of lack of purpose, we cover it all. Join us to ensure a secure and fulfilling retirement by navigating these risks effectively. Want more financial planning tips and strategies? Subscribe h...

Nvidia's 4 Biggest Risks

Nvidia is one of the single most valuable companies in the world with a value of $1 TRILLION. You read that right, 1 trillion. With stock skyrocketing by 170% year to date and shows no signs of slowing down. That being said, is Nvidia the next stock bubble? We take a look at the 4 biggest risks facing Nvidia and break down what you need to know before investing. Don’t get caught in the next stock bubble pop with this can’t miss Wealth Fix advice! Want more financial planning tips and strate...

How Much Of Your Income Should You Save

How much of your income should you save? Whether you’re starting your career or nearing retirement, understanding your savings rate is one the more important aspects of financial health. Knowing how much you are saving is a key to personal finance. In this video, we break down how much you should save based on your income, how much the average person saves, and how much the top 1% save. We also show you exactly how you can start tracking how much of your income you save. Want more financial...

Financial Advisors vs TikTok - Round 4

No one would give you bad financial advice on TikTok, right? Don't worry, the financial advisors of The Wealth Fix are here to take on TikTok for round 4. From leasing your car to compounding your money, no TikTok finance advice is safe from Ryan & Peter. Don't spend another second on TikTok before you see this episode of the Wealth Fix! Want more financial planning tips and strategies? Subscribe here to be notified of future videos: https://www.youtube.com/@thewealthfix?sub_confirmation=1 ...

I Bonds Interest Rate 2023

I Bonds interest rate 2023 update. The interest rate for I Bonds purchased between May 2023 and October 31, 2023 is 4.3%. This is made up of a variable interest rate of 3.8%,and a fixed rate of 0.9%. This I Bond fixed rate of 0.9% is the highest fixed rate for I Bonds in 15 years. In this video we breakdown what I Bonds are, the new rate, how the interest works, how I Bonds are taxed, the restrictions, and purchasing limits. Finally, we discuss who should buy I bonds and who shouldn't. Want...

Bonds 101: What is a Bond & What You Need to Know

What are bonds? Are they similar to stocks or a completely different investment? What is the price for a bond? Is a bond a good long term investment? Find out in all these answers and more with your Bonds 101 guide! we'll dive into what bonds are, where they come from, how bonds can help your financial future. Take your first step towards financial freedom with this can't miss Wealth Fix! Subscribe for more content to help your finances! Want more financial planning tips and strategies? ...

Stocks 101: What Are Stocks and Why You Should Invest

New to investing? Dive into Stocks 101: What Are Stocks and Why You Should Invest! In this beginner-friendly guide, we break down the basics of stocks and explain how investing in them can transform your financial future. Uncover the potential of stocks and learn the essential strategies to start building wealth today. Subscribe for more investing tips and tricks! #Stocks101#InvestingBasics #FinancialFreedom Want more financial planning tips and strategies? Subscribe here to be notified of...

Roth IRA: 3 Ways To Build $1,000,000 Tax Free

Are you looking for ways to build a tax-free Roth IRA account worth $1,000,000? Look no further! In this video, we'll show you three proven strategies to help you achieve your financial goals. Firstly, you'll learn about maximizing Roth IRA contributions, the benefits of compounding interest, and tax-free growth opportunities. Secondly, we'll discuss the advantages of Roth 401(k) contributions and how to leverage them to achieve tax-free growth. Finally, we'll explore the powerful mega backd...

Beginner's Guide: Warren Buffett's 7 Investing Rules

Embark on your investing journey with our Beginner's Guide to Warren Buffett's 7 Investing Rules! This video is specifically designed for those new to the world of investing, offering valuable insights from the legendary Oracle of Omaha. Learn the fundamental principles that have driven Buffett's unparalleled success and how you can apply them to your own financial growth. In this episode, we break down: 1 The power of long-term thinking in investing 🕰️ 2 The importance of understanding...

Should You Pay Off Your Mortgage or Invest ? The Surprising Answer.

If you have a mortgage and positive cash flow, you're likely asking yourself whether you should pay off your mortgage or invest. In this video, we'll explore the common belief that if you have a low mortgage rate, you should invest instead, while a high mortgage rate means you should pay it off as soon as possible. We'll examine the assumption that stock market returns are linear and explore how they can vary greatly. You can even experience an entire decade of zero returns while making mor...

Pay Off Your Mortgage or Invest ? The Surprising Answer.

If you have a mortgage and positive cash flow, you're likely asking yourself whether you should pay off your mortgage or invest. In this video, we'll explore the common belief that if you have a low mortgage rate, you should invest instead, while a high mortgage rate means you should pay it off as soon as possible. We'll examine the assumption that stock market returns are linear and explore how they can vary greatly. You can even experience an entire decade of zero returns while making mor...

9 Best Questions To Ask A Financial Advisor

What are the best questions to ask a financial advisor? If you're thinking about hiring a financial advisor, it's essential to ask the right questions to make sure you find someone who understands your financial goals and can help you achieve them.  First, we'll cover the basics, such as their experience and qualifications. Then, we'll dive into more specific questions, like how they plan to invest your money, how they charge for their services, and how they'll work with you to develop a pe...

How Millionaires Invest

How do Millionaires invest? We break down exactly how millionaires invest their money, their strategy for investing in the stock market, and what you need to know to invest like a millionaire yourself. Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial advisors Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything ...

How Much House Can I Afford 2023?

How much house can I afford in 2023? Calculating how much house you can afford is one of the most important financial decisions you will ever make. First, understand your income and expenses to get a realistic budget. Then you can use your gross income to determine two important ratios, known as the 28/36 rule. The 28 refers to your home payments in that your all-in-home costs should not exceed 28% of your gross monthly income. The 36 refers to your debt-to-income ratio. Your DTI is a targe...

7 Money Habits That Keep You Poor

Bad money habits are keeping you from building wealth. Being aware of your money habits will help you get on track to build wealth and reach your financial goals. In this video, we break down 7 major money habits to avoid, and share personal finance and investing tips to fix them. Want a free financial consultation with trusted financial professionals? Get it here  https://bulloakcapital.com/get-started/

Dave Ramsey - Joke or Genius?

Should you listen to Dave Ramsey? Dave Ramsey is one of the biggest names in personal finance? He popularized the debt snowball method and has helped millions of people get out of debt and improve their money habits. When it comes to investing in the stock market, his investment advice should be avoided. He ignores data and relies on investment myths. In this episode, we break down the good and the bad of Dave Ramsey. Unsure how to create a financial plan? Nervous about how far your savings...

7 Steps to Prepare for the 2023 Recession

What are the best steps to prepare for the 2023 recession? We break down what you can do to prepare for the next recession. We discuss the importance of an emergency fund, paying off debts, understanding your spending, and continuing to invest and diversify your investments.  Let us guide you in long-term thinking so you can feel prepared with the best steps to prepare for the 2023 recession. Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make you...

Best High Yield Savings Accounts 2023

What are the best high yield savings accounts? Which banks offer the best high yield savings accounts in 2023? What are the current interest rates of the best high yield savings accounts? In this video, we discuss everything you need to know about the best banks to use for your own high yield savings account, how to get a better cash yield, and how to make your savings work for you. Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money wo...

Best Way To Pay Off Debt | Debt Snowball vs Debt Avalanche

We discuss the best way to pay off debt using the debt snowball and debt avalanche methods. From credit card debt to auto loans to student debt, we discuss the best ways to pay off high-interest loans and the fastest way to get out of debt. Ryan A. Hughes and Peter Campbell break down Dave Ramsey's Debt Snowball Method and compare it to the popular Debt Avalanche Method to determine the best way to pay off debt.   Unsure how to create a financial plan? Nervous about how far your savings wil...

Financial Advisors vs Tik Tok: Round 3

TikTok is always a great place to receive terrible financial advice. A trading strategy yielding better results than Warren Buffett? Establish an LLC to save on taxes? Take out a short-term loan to fund an investment property portfolio? We break down all of these videos in our latest Youtube video. Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial advisors...

2023 Stock Market Predictions

The 2023 stock market predictions are here…and they are likely to be completely wrong. Each year, the biggest firms on Wall St. issue their S&P 500 price target, and each year, they are off. For 2022, not one firm was within 10% of the actual price. On average, Wall St. was 23% off target. Does this mean that you should not read these reports? No, these reports are often quite insightful. Though, we suggest that you kindly ignore the price targets. We discuss why stock market predictions ar...

Should You Invest in a Recession?

Should you buy stocks and invest during a recession? Is it safe to invest when the unemployment rate is high and the economy is weak? Or should you wait to invest when the economy is stronger and the unemployment rate is low. Waiting until the labor market is strong again may make one feel better about investing, but the data is pretty straightforward; deferring your investments until the storm clouds have passed is a pretty lousy strategy. This may seem counterintuitive, but stock returns a...

Where To Save Cash in 2023

It’s often said that cash is king, but why is this? Cash savings is the best investment you can make to protect yourself and reduce financial stress. But how much cash should you hold? Where should you be saving your cash? From treasury bonds and I bonds to the best banks for high yield saving accounts, We cover everything you need to know. Learn how to make the most of your cash in this episode of The Wealth Fix! Unsure how to create a financial plan? Nervous about how far your savings wil...

How To Use Tax Loss Harvesting To Lower Your Tax Bill

We discuss how tax-loss harvesting can save you on taxes and how it can be used to offset investment gains and personal income. We also discuss what the Wash Sale Rule is and how crypto is exempt from this. Ryan A. Hughes and Peter Campbell also provide an example of how to implement tax-loss harvesting in an investment portfolio and where this strategy shouldn't be used.  Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you...

Financial Experts React to TikTok – The Wealth Fix Podcast

TikTok has tons of financial advice so it must be a goldmine, right? Before you decide to take that advice, maybe you should consult with a financial expert. Luckily, the hosts of the Wealth Fix, Ryan A. Hughes & Peter Campbell, are ready to take on TikTok. Just because it sounds like miracle financial advice, doesn’t mean it is. Let Pete & Ryan use their financial knowledge & be your guides as they navigate the world of TikTok finance! Unsure how to create a financial plan? Nervous about h...

Financial Expert Tips To Become a Budget Master – The Wealth Fix Podcast

Wonder why you never seem to have enough money? Let me ask you this, are you budgeting? 75% of Americans have no budget plan leaving the door open to numerous financial problems. Don’t worry, financial experts Ryan A. Hughes & Peter Campbell are here to provide you with must know budgeting tips. Learn how to budget, budgeting strategies, & the questions you need to ask yourself. If you want to acquisition wealth, it all begins with a proper budget. You will not want to miss this episode of t...

What is an ETF & Why You Should Be Investing in Them - The Wealth Fix

What are you doing with your Exchange Traded Funds (ETF)? If your answer is, “what’s an ETF”, financial experts Ryan A. Hughes & Peter Campbell are here to educate you. Today, Ryan & Peter give you your ETF & stock market intervention! The Wealth Fix hosts breakdown what is an ETF, how do they compare to mutual funds, what kind of taxes does an ETF have, & more can’t miss information on the stock market! If you ever dreamed of living as a day trader or investing in ETFs, this is the Wealth F...

5 Reasons Inflation Will Fall - The Wealth Fix

When will inflation begin to fall? Sooner than you might believe! Financial Experts Ryan Hughes & Peter Campbell dive into 5 factors that influence inflation in the US and what the fallout could be. Will housing prices fall as we enter a recession? Will the supply chain hold? What’s happening with the money supply? You won’t want to miss this episode of The Wealth Fix podcast as Peter & Ryan break down why inflation will fall sooner rather than later! Unsure how to create a financial plan? ...

Your Burning Financial Questions Answered! - The Wealth Fix

It’s the moment you’ve been waiting! Ryan and Peter sit down to answer your burning financial questions! These financial experts take to the Personal Finance subreddit & offer a unique Q&A experience. Traditional IRAs, emergency funds, mortgages, investing and more are broken down by Peter & Ryan as they go through your financial questions!  From the perspective of financial experts these are the financial tips everyone needs to know. This is an episode of The Wealth Fix you won’t want to mi...

The Shocking Reality of The Housing Market & The Coming Crash - The Wealth Fix

The housing market IS going to crash! Not only that but, the housing market is going to see a correction. Average home prices are at an all time high with mortgages sky rocketing. How can you survive in such a versatile market? The Wealth Fix financial experts, Ryan A. Hughes & Peter Campbell, dive into the current state of buying and selling homes & take a look at where the housing market is going. Don’t miss this episode of The Wealth Fix, there’s never been a better housing market breakdo...

We Got Bad Money Advice - The Wealth Fix

As financial planners, The Wealth Fix has received bad money advice over the years. In this episode, we share the worst investment advice ever given to The Wealth Fix. Learn more about our show, The Wealth Fix:https://thewealthfix.com/ Links and resources: https://thewealthfix.com/we-got-bad-money-advice/ Ryan A. Hughes and Peter Campbell are financial professionals at a fiduciary financial advisory firm, Bull Oak Capital, that provides wealth management services to retirees, working prof...

We Explain How HSA's Work

An HSA (Health Savings Account) is the most tax-efficient account on the planet, even more so than the Traditional IRA and the Roth IRA. Yet, most people do not take advantage of this account. Ryan A. Hughes and Peter Campbell discuss how HSAs work, how to use them optimally for the biggest tax break, and pitfalls to avoid. Links and resources: https://thewealthfix.com/we-explain-how-hsas-work/ Want to know where your income and net worth stand compared to others in your age range? Use ou...

Financial Advisors React To TikTok Advice

We think it is safe to say that TikTok's financial advice can be pretty awful. Put all your savings into Bitcoin because it is going to be $1,000,000? Buy an Indexed Universal Life Insurance policy for your 16-day-old baby? Cash Value Life Insurance is "off the radar" of the IRS? Ryan and Peter react to some outrageous and terrible financial advice on TikTok.   Links and resources: https://thewealthfix.com/financial-advisors-react-to-tik-tok-advice/ Learn more about our show, The Wealth Fi...

How To Change California Residency

For the first time in recorded history, California's population has declined. Perhaps you have moved or are considering moving out of the state. If so, it is extremely important to change your residency correctly to avoid California state income tax. Show note, links, and resources: https://thewealthfix.com/how-to-change-california-residency/ Want to know where your income and net worth stand compared to others in your age range? Use our free calculator and download our free report PDF: ht...

The Fed is Crushing Stocks

The Federal Reserve is crushing stocks. And bonds. And gold. And just about every other asset class out there. Inflation is raging and the Fed is doing everything it can to bring it under control. We discuss how the Fed accomplishes this and what it means for your portfolio.  Show note, links, and resources: https://thewealthfix.com/the-fed-is-crushing-stocks/ Want to know where your income and net worth stand compared to others in your age range? Use our free calculator and download our f...

Sequence of Savings - 9 Places To Save Your Money First

Have you ever wondered where you should be saving your money first? In this episode, we break down where to save your money first to ensure that you maximize each dollar. Show note, links, and resources: https://thewealthfix.com/sequence-of-savings-9-places-to-save-your-money-first/ Want to know where your income and net worth stand compared to others in your age range? Use our free calculator and download our free report PDF: https://bulloakcapital.com/where-do-you-stand-calculator-repor...

Yield Curve Inversion and Dalwhinnie 15 Year

Russian/Ukrainian Conflict and Dalmore Cigar Malt

2020 Markets Explained & 2021 Preview, Ep. 15

In this episode of Solid Financial Advice, Ryan Hughes discusses the factors behind the 2020 market performance and a preview of 2021.  Between COVID, Black Lives Matter protests, intensifying political divisions, the climate crisis, and more, 2020 has been very challenging. These difficulties were exacerbated by the fact that we were all forced to stay home. Compound this with your kids forced to attend school online (now you’re a teacher too), the fear of you potentially losing your job ...