Episode 94 - The Contrarian Mindset
Building Wealthy Habits
Most people think wealth comes from buying more investments — but sometimes, the smartest move is to sell, hold cash, and wait. In this episode, Randy Barkley, Jeremiah Lee, and Laura Lee reveal why successful investors often take the opposite approach of the crowd. They dive deep into how a contrarian mindset, smart cash management, and deliberate patience can set you apart from the average investor. You’ll learn: 💰 Why “cash is king” — and how liquidity can be your best opportunity engine 🧠 The mindset shift that helps wealthy people stay calm during market chaos 💵...
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Episode 93 - Advanced Tax Strategies for Business Owners
Building Wealthy Habits
In this episode of Building Wealthy Habits, Jeremiah and Laura Lee break down one of the most overlooked areas of wealth strategy — estate planning for business owners. If you own a business or hold significant private assets, passing wealth to the next generation isn’t as simple as naming a beneficiary. Without proper planning, your heirs could face a 40%+ tax hit, especially when your estate exceeds the current $30M exemption threshold. We discuss: Why lifetime shifts of assets are critical for tax efficiency How to think about transitioning ownership of private companies The difference...
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Episode 92 - The Lonely Side of Wealth: Why Success Can Feel Isolating
Building Wealthy Habits
Wealth often brings freedom — but it can also bring isolation. In this episode of Building Wealthy Habits, hosts Laura and Jeremiah Lee dive into the emotional side of success, exploring why so many accomplished individuals feel alone when it comes to discussing their financial concerns. They share how genuine communication, empathy, and trust can break down those walls — helping clients find clarity, connection, and confidence in their financial journey. Whether you’re a client, advisor, or someone striving for more balance between wealth and well-being, this conversation shines a light...
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Episode 91 - Thinking About Selling Your Business? Watch This First!
Building Wealthy Habits
Selling your business is one of the biggest financial decisions you’ll ever make — and the offer you receive is just the beginning. In this episode, Laura and Jeremiah Lee break down what really happens when a buyer shows interest, from understanding different types of offers to evaluating the real value behind the numbers. Learn how to: Prepare your business and mindset before saying yes Build the right team of advisors to protect your interests Avoid common pitfalls that derail deals Navigate the sale timeline with clarity and confidence Key Takeaways: Business owners often...
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Episode 90 - Is your business funding or draining your retirement?
Building Wealthy Habits
As entrepreneurs, it’s easy to stay laser-focused on growing the business — but what about growing you? In this episode, we dive into how business owners can create personal financial freedom while still fueling their company’s success. From reinvestment decisions to tax strategies and wealth diversification, this conversation is packed with insights for anyone looking to build a business and a lasting legacy. We explore: How to know when to reinvest vs. when to take chips off the table Why diversification matters — and how to do it without slowing your momentum Smart tax...
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Episode 89 - The Art of Giving: Strategies for Family and Legacy
Building Wealthy Habits
Most people think gifting is simple: write a check, transfer some stock, done. But here’s the truth—gifting can either save you taxes and strengthen family ties, or create conflict and unexpected tax bills. In this video, we dive into the complexities of gifting in tax planning and family dynamics. You’ll learn how to give meaningfully, avoid pitfalls, and ensure your generosity aligns with your long-term financial goals. What You’ll Learn in This Episode: Why gifting decisions depend on personal circumstances (no cookie-cutter solutions) How the annual gift tax exclusion really...
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Episode 88 - Donor Advised Funds & Smart Giving Strategies for Tax Planning
Building Wealthy Habits
In this episode, Laura and Jeremiah Lee discuss strategic charitable giving and its tax benefits. They explore donor-advised funds, appreciated stock donations, and qualified charitable distributions, offering insights into maximizing tax efficiency while supporting meaningful causes. Takeaways Charitable giving can significantly impact your end-of-year tax liability. Donor-advised funds allow for strategic, tax-efficient charitable contributions. Appreciated stock donations offer a tax-efficient alternative to cash donations. Qualified charitable distributions can reduce taxable...
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Episode 87 - 5 Signs to Know When You're Ready to Hire a Financial Advisor
Building Wealthy Habits
This week, Laura and Jeremiah Lee break down the pivotal life moments when hiring a financial advisor isn’t just smart—it’s essential. From navigating complex financial decisions to building a trusted financial team, they reveal what really sets qualified advisors apart. You’ll learn why personalized guidance matters most during major transitions and how the right advisor can help you cut through confusion, avoid costly mistakes, and move forward with confidence. In This Episode: It's never a one size fits all when hiring a financial advisor. Complexity in financial situations...
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Episode 86 - Common Missteps for Estate Planning
Building Wealthy Habits
In this episode, Laura Lee, Jeremiah Lee and Randy Barkley, break down some of the intricacies of estate planning, highlighting common missteps and offering practical advice to avoid them. They discuss the importance of having a trust over a will, the pitfalls of adding children to property titles, and the complexities of managing illiquid assets. The conversation also touches on the significance of coordinating estate plans with other assets and understanding community property laws. Takeaways Avoid common estate planning missteps to prevent future inconvenience. A trust is more effective...
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Episode 85 - Spending Habits that Stretch Your Wealth in Retirement
Building Wealthy Habits
Randy, Jeremiah & Laura are coming at you this week to discuss strategies for retiring without running out of money. They explore the importance of aligning financial planning with personal values, addressing common fears about retirement, and the significance of legacy and philanthropy. The conversation emphasizes the need for a well-structured plan that accommodates both essential needs and discretionary spending, allowing retirees to enjoy their freedom and make impactful contributions. In this episode: 00:00:01 Introduction to Retirement Planning 00:00:31 Aligning Money...
info_outlineThis week, we are talking about the current state of the markets through a historical lens, examining past administrations and their economic impacts. We explore the lessons learned from the Carter-Reagan transition, the Great Depression under Hoover, and the recovery during FDR's New Deal. If anything, we want to emphasize the cyclical nature of the economy, the importance of diversification in investment, and the need to focus on data rather than political rhetoric to navigate current market uncertainties.
In This Episode:
00:00 Market Chaos: A Historical Perspective
01:46 Lessons from the Carter-Reagan Transition
11:00 The Great Depression and Hoover's Era
14:31 FDR's New Deal and Economic Recovery
16:58 Comparing Past and Present Economic Indicators
22:50 Investment Philosophy: Lessons for Today
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Reach out at contact@tricordadvisors.com
Connect with Jeremiah:
LinkedIn: https://www.linkedin.com/in/jeremiahjlee/
Email: Jeremiah@tricordadvisors.com
Connect with Laura:
LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/
Email: Laura@tricordadv.com
Connect with Randy:
LinkedIn: https://www.linkedin.com/in/rkbarkley/
Email: Randy@tricordadv.com