Building Wealthy Habits

Join Randy Barkley, Jeremiah Lee and Laura Lee as they sit down weekly to explore the questions and topics that impact your financial future.

Episode 113 - Before You Meet a Financial Advisor, Watch This! 04/21/2026

Episode 113 - Before You Meet a Financial Advisor, Watch This! For many people, reaching out to a financial advisor can feel uncertain. What do you ask? What do you share? And how do you know if it’s the right fit? In this episode, we begin breaking down the financial planning process from the very start. If you’ve ever felt like the industry is difficult to navigate or unclear, this conversation is designed to bring more clarity to what that first step can look like. We walk through how to begin your search, what factors may influence your decision, and how to approach that initial meeting with confidence. From understanding different types of advisors to evaluating how they work with clients, the goal is to help you feel more prepared and informed as you explore your options. You’ll also hear insights around how much information is typically shared early on, how to think about comparing multiple advisors, and what to pay attention to when determining whether a relationship could be a good fit. This is not about finding a perfect answer in one conversation. It is about understanding the process, asking thoughtful questions, and making a decision that aligns with your individual needs and preferences. If you’re considering working with a financial advisor or reevaluating a current relationship, this episode offers a helpful starting point. #financialadvisor #wealthplanning #wealthmanagement #financialliteracy #businessowners #wealthstrategy #clientexperience ---  Information and ideas discussed are general in nature and should not be considered specific financial, legal, or tax advice. This content is for informational purposes only and does not create an advisory, fiduciary, or attorney-client relationship.   All investments involve risk, including the possible loss of principal. Past performance does not guarantee future results. Examples discussed are hypothetical and for illustrative purposes only. Individual situations will vary.   You should consult your own financial advisor, tax professional, or attorney before making any decisions.   Advisory services offered through TriCord Advisors, Inc., a Registered Investment Adviser. Jeremiah Lee is a California licensed attorney. Randy Barkley is a life insurance agent (CA License #0518567).  /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/40864290

Episode 112 - Hiring Your Kids in Your Business? What to Know First 04/14/2026

Episode 112 - Hiring Your Kids in Your Business? What to Know First Most business owners have heard this idea at some point. Can I pay my kids through my business? The answer is not a simple yes or no. It depends on how the arrangement is structured, what rules apply, and whether the work being done is legitimate. In this episode, we walk through how this concept is commonly approached and where misunderstandings can happen. What sounds simple on the surface often requires careful planning, clear documentation, and an understanding of how different business structures may impact what is permitted. We also explore the broader considerations that go beyond the structure itself. For many families, this becomes less about the mechanics and more about how responsibility, compensation, and involvement in a business are introduced to the next generation. Throughout the conversation, the focus remains on what business owners should be aware of before taking action, including the importance of maintaining appropriate records and working with qualified professionals to evaluate individual circumstances. This discussion is intended to provide general information and considerations only. It is not a recommendation or a one-size-fits-all approach. #familywealth #nextgenwealth #businesowners #teachkidsmoney #wealthbuilding #financialplanning #wealthmanagement --- Information and ideas discussed are general in nature and should not be considered specific financial, legal, or tax advice. This content is for informational purposes only and does not create an advisory, fiduciary, or attorney-client relationship.  All investments involve risk, including the possible loss of principal. Past performance does not guarantee future results. Examples discussed are hypothetical and for illustrative purposes only. Individual situations will vary.  You should consult your own financial advisor, tax professional, or attorney before making any decisions.  Advisory services offered through TriCord Advisors, Inc., a Registered Investment Adviser. Jeremiah Lee is a California licensed attorney. Randy Barkley is a life insurance agent (CA License #0518567). /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/40807960

Episode 111 - Are Your Investments in the Right Place? 04/07/2026

Episode 111 - Are Your Investments in the Right Place? You could have the right investments… and still be making inefficient decisions. Because it’s not just about what you own. It’s about where you hold it. In this episode, we explore the difference between asset allocation and asset location, and why that distinction can shape how your strategy actually plays out over time. From tax treatment across different account types to how income is sourced during different seasons of life, the conversation highlights how small structural decisions can influence the bigger picture. A common shift we see is moving from asking, “Do I have enough?” to asking, “Where should I pull from?” That change in perspective can lead to more intentional planning. This is also where organization and coordination come into play. When accounts are viewed in isolation, it’s easy to miss how they interact. But when they’re aligned with purpose, timing, and overall goals, decisions can become more clear and more strategic. The takeaway is simple: thoughtful planning is not just about choosing investments, but about understanding how everything works together. #financialplanning #wealthstrategy #taxplanning #assetallocation #wealthmanagement --- Information and ideas discussed are general in nature and should not be considered specific financial, legal, or tax advice. This content is for informational purposes only and does not create an advisory, fiduciary, or attorney-client relationship. All investments involve risk, including the possible loss of principal. Past performance does not guarantee future results. Examples discussed are hypothetical and for illustrative purposes only. Individual situations will vary. You should consult your own financial advisor, tax professional, or attorney before making any decisions. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Adviser. Jeremiah Lee is a California licensed attorney. Randy Barkley is a life insurance agent (CA License #0518567). /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/40751595

Episode 110 - Why Your Tax Bill Keeps Surprising You! 03/31/2026

Episode 110 - Why Your Tax Bill Keeps Surprising You! Tax season brings more than just filing deadlines. It can reveal gaps in planning that may impact your financial picture over time. In this episode, Laura and Jeremiah explore the difference between tax preparation and proactive tax planning, and why many individuals and business owners find themselves reacting to tax bills instead of anticipating them. From unexpected tax liabilities to common planning gaps, Laura and Jeremiah break down general scenarios and key considerations individuals may encounter, including: • Why year to year tax planning can create unnecessary financial stress • Common reasons behind surprise tax bills • How multi-year tax strategies may provide greater visibility over time • The importance of aligning your CPA and financial advisor • Considerations for business owners, high-income earners, and retirees • How account diversification and timing decisions may impact long-term tax outcomes They also discuss planning concepts such as retirement account strategies, charitable giving approaches, and considerations when preparing for major financial events like a business sale. The key takeaway: thoughtful, forward-looking planning can help create more clarity and flexibility over time. If you’ve ever felt surprised by your tax bill or unsure about what’s ahead, this episode offers a framework to begin thinking more proactively. #TaxPlanning #TaxStrategy #FinancialPlanning #WealthPlanning #BusinessOwners #WealthManagement #Entrepreneurs #RetirementPlanning --- Information and ideas discussed are general in nature and should not be considered specific financial, legal, or tax advice. This content is for informational purposes only and does not create an advisory, fiduciary, or attorney-client relationship. All investments involve risk, including the possible loss of principal. Past performance does not guarantee future results. Examples discussed are hypothetical and for illustrative purposes only. Individual situations will vary. You should consult your own financial advisor, tax professional, or attorney before making any decisions. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Adviser. Jeremiah Lee is a California licensed attorney. Randy Barkley is a life insurance agent (CA License #0518567). /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/40672285

Episode 109 - Common Investment Mistakes Even Smart Investors Make 03/25/2026

Episode 109 - Common Investment Mistakes Even Smart Investors Make Most investment mistakes don’t come from a lack of intelligence. They come from how decisions are made in moments of pressure. When markets move, emotions tend to follow. Fear can lead to hesitation. Optimism can lead to overconfidence. And constant headlines can create noise that makes it harder to stay focused on what actually matters. This conversation breaks down how disciplined investors often approach decision-making differently. Not by reacting faster, but by following a process. One that prioritizes long-term thinking, clarity around goals, and consistency through changing market conditions. You’ll also hear practical ways to think through investment decisions, align financial priorities within a household, and better understand how risk, taxes, and behavior all play a role in long-term outcomes. Because building wealth is not just about what you invest in. It is about how you make decisions over time. You’ll learn: What makes a smart investor (and wat goes worng). How emotions influence financial decisions. Building a long-term investment approach. Avoiding reactive and short-term thinking. What matters beyond performance. If you want to think more clearly about your financial decisions and stay grounded in a long-term approach, subscribe for more conversations like this. #Investing #WealthManagement #FinancialPlanning #BehavioralFinance #LongTermInvesting #RiskManagement #BusinessOwners #PersonalFinance --- Information and ideas discussed are general in nature and should not be considered specific financial, legal, or tax advice. This content is for informational purposes only and does not create an advisory, fiduciary, or attorney-client relationship. All investments involve risk, including the possible loss of principal. Past performance does not guarantee future results. Examples discussed are hypothetical and for illustrative purposes only. Individual situations will vary. You should consult your own financial advisor, tax professional, or attorney before making any decisions. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Adviser. Jeremiah Lee is a California licensed attorney. Randy Barkley is a life insurance agent (CA License #0518567). /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/40625040

Episode 108 - Mastering Liquidity: Risk, Emergency Funds & Investments 03/17/2026

Episode 108 - Mastering Liquidity: Risk, Emergency Funds & Investments In this episode, the conversation breaks down liquidity—why it matters, how it protects your plans, and how it creates opportunity. Whether you’re a business owner managing unpredictable cash flow or planning for retirement, liquidity is the difference between feeling trapped and being able to move. We walk through practical cash flow management tactics, how to structure emergency funds without losing momentum on your investment strategies, and the role of risk management when life (or business) throws a curveball. You’ll also hear how margin can be used as a tool to access cash without immediately selling investments—plus the mindset shift that helps you stay opportunistic when others panic. In this episode, you’ll learn: - Why liquidity matters for business owners and individuals - Cash flow strategies that support stability and flexibility - How to invest while keeping emergency cash accessible - When margin may be used to access liquidity without selling - The biggest risks of illiquidity—and how to avoid them - Why liquidity improves peace of mind and decision-making - How an opportunistic mindset can create growth opportunities If you want to stay ready for whatever comes next—and be positioned to act when opportunity shows up—subscribe for more episodes, and we’ll see you in the next one. #Liquidity #CashFlow #CashManagement #EmergencyFund #Investing #RiskManagement #FinancialPlanning #BusinessOwners #Retirement #PersonalFinance --- Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm. /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/40252935

Episode 107 - Complex Estate Planning: Moving From Vanilla to Advanced 03/10/2026

Episode 107 - Complex Estate Planning: Moving From Vanilla to Advanced In this episode of Building Wealthy Habits, Laura Lee and Jeremiah sit down with estate planning expert Blake Johnson to break down what happens when a “basic” estate plan becomes a complex estate plan. They cover the real-world triggers for advanced estate planning—from growing net worth and tax exposure to multi-state planning and business ownership. You’ll also learn how revocable vs. irrevocable trusts differ, why irrevocable trusts require careful design, and why the best outcomes come from collaboration between attorneys, financial advisors, and CPAs. Finally, Blake introduces the powerful idea of the Family Bank—a strategy designed to build accountability, preserve wealth across generations, and support long-term legacy planning. In this episode, you’ll learn: - The key triggers that push an estate plan from basic to complex - How multi-state operations create planning challenges - Revocable vs. irrevocable trusts (and why permanence matters) - Why early business exit planning can reduce tax liability - How the Family Bank can build multi-generational wealth and responsibility If you’re ready to protect what you’ve built and make sure your legacy lives on the way you intend, subscribe for more episodes. We will see you next week folks! #EstatePlanning #Trusts #LegacyPlanning #TaxStrategies #WealthManagement #FamilyBank #GenerationalWealth #BusinessExitPlanning #FinancialPlanning #IrrevocableTrust --- Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm. /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/40252680

Episode 106 - Cash, Confidence, and Cycles: How Wealthy People Stay Steady 03/03/2026

Episode 106 - Cash, Confidence, and Cycles: How Wealthy People Stay Steady “Get rich quick” is a fun phrase—but in real life, it usually skips the part that matters most: keeping what you build and turning it into a life you can actually enjoy. In this conversation, Laura, Jeremiah, and Randy unpack the difference between being rich (having money) and being wealthy (having stability, freedom, and the ability to handle what life throws at you). They walk through the real drivers that separate a one-time win from lasting wealth: cash flow, a strong balance sheet, liquidity, diversification, emotional discipline, and purpose. Along the way, they share stories—from sibling “loans” with high interest to lottery winners who go bankrupt—to show how mindset and behavior often matter as much as strategy. As you watch this episode, ask yourself… 💭 If your portfolio dropped 25% tomorrow, what would you change—emotionally and practically? 💭Are you building wealth that supports your life… or a lifestyle that depends on constant growth? 💭Where are you most exposed right now: debt, concentration risk, or lack of liquidity? 💭If you’ve already “hit the number,” who benefits next—family, community, legacy? Thanks for listening; if you’re trying to turn “more money” into real freedom, we’d love to help you build a plan that protects what you’ve built and supports what matters most. If this episode was helpful, share it with a friend and subscribe so you don’t miss the next conversation. Until next time, may you grow in wisdom and knowledge. #WealthMindset #FinancialPlanning #BusinessOwnerStrategy #RetirementPlanning #Investing 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 --- Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm. /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/40182260

Episode 105 - The Hidden Costs of Information Overload 02/24/2026

Episode 105 - The Hidden Costs of Information Overload If it feels like the financial news cycle is louder than ever, you’re not imagining it. In this episode of Building Wealthy Habits, the hosts unpack the reality of financial noise and how constant headlines, hot takes, and market commentary can create information overload that leads to anxiety, hesitation, and poor decision-making. They break down the hidden costs of staying plugged in all day, why most news is not relevant to your personal plan, and how to build a simple filtering system so you can stay informed without getting hijacked by fear, bias, or analysis paralysis. The goal is not ignorance. It’s clarity. In This Episode: • Why financial noise increases anxiety and uncertainty (even when you “know more”) • The hidden costs of information overload on personal finance decision making • How to filter news by relevance, timing, and impact on your actual plan • Why media bias and incentives matter more than most people realize • How curiosity can help you learn, while fear can keep you stuck • How to avoid analysis paralysis and keep moving forward with small actions If you’re overwhelmed by financial headlines and unsure how to make confident decisions, this episode provides a clear framework for filtering financial news, reducing anxiety, and avoiding analysis paralysis. Learn how to identify what information actually impacts your personal finance plan and how to stay informed without being driven by noise, bias, or fear. #PersonalFinance #FinancialPlanning #Investing #FinancialNoise #InformationOverload #MoneyMindset #WealthBuilding #DecisionMaking #MarketVolatility #BehavioralFinance — Reach out at Connect with Jeremiah: LinkedIn: Email: Connect with Laura: LinkedIn: Email: Connect with Randy: LinkedIn: Email: Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm. /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/40104010

Episode 104 - Beyond Net Worth: Redefining Financial Freedom 02/17/2026

Episode 103 - Entrepreneurship: From Wealth Creation to Wealth Durability 02/10/2026

Episode 103 - Entrepreneurship: From Wealth Creation to Wealth Durability Most entrepreneurs are wired for wealth creation—growth, momentum, and reinvesting back into the business. But eventually, the game changes. In this episode, we break down the critical transition from building wealth to protecting wealth—what we call wealth durability. We cover the mindset shift required to move from active income to passive income, why concentration risk can quietly derail years of progress, and how succession planning should start earlier than most business owners think. We also share case studies of clients who successfully navigated major transitions by simplifying complexity, clarifying goals, and building the right support team. In this episode: 00:00 Wealth Creation → Wealth Durability: The Inevitable Transition 02:49 Mindset: The Shift from Active to Passive Income 05:45 Risk Management: The Danger of Concentration 08:30 Life Changes + Business Transitions: What Forces the Shift 11:24 Succession Planning + Clarity of Goals 14:13 Simplifying Financial Complexity (Less Stress, Better Decisions) 17:02 Case Studies: What Successful Transitions Have in Common If you’re an entrepreneur, your biggest risk isn’t market volatility, it’s staying in “wealth creation mode” forever. Make sure you are ready to shift to wealth durability without losing momentum or control. #Entrepreneur #WealthManagement #SuccessionPlanning #Investing #FinancialPlanning #businessowners --- 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 Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm. /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/39969355

Episode 102 - Understanding Semi-Liquid Investments 02/03/2026

Episode 102 - Understanding Semi-Liquid Investments In this episode, Laura and Jeremiah Lee break down semi-liquid investments: What they are, why people buy them, and where investors get surprised. Using a SWOT analysis, they walk through the strengths, weaknesses, opportunities, and threats of investments that can be accessed, but often only with restrictions, delays, or a loss of value. You’ll hear real-world examples like REITs, restricted stock units (RSUs), and the IPO/lockup dynamics that can impact your timeline, taxes, and flexibility. If you’re considering any semi-liquid strategy, this episode will help you evaluate liquidity risk, understand who benefits on “the other side of the table,” and decide how these fit into a balanced plan. Topics covered: - What “semi-liquid” really means (and why it matters) - REITs: what to compare them to (mutual funds/ETFs) and what to vet - RSUs + stock options: vesting schedules and tax traps to understand - IPOs and lockups: why timing risk is real - Why a fiduciary, team-based approach can help you avoid costly mistakes If you’re weighing semi-liquid options, make sure you understand the timeline, fees, restrictions, and taxes before committing. #Investing #FinancialPlanning #REITs #RSUs #PersonalFinance #Liquidity --- Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm. /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/39969000

Episode 101 - Evaluating Alternative Investments During Market Uncertainty 01/27/2026

Episode 101 - Evaluating Alternative Investments During Market Uncertainty In today’s episode, Laura and Jeremiah Lee break down what’s really driving market uncertainty right now—and why seeing wealthy investors “step back” can mess with your confidence if you’re not anchored to a plan. They talk through the danger of chasing headlines, the reality that the economy moves in cycles, and why trying to time the market usually costs more than it pays. You’ll also hear a practical discussion on common “safe haven” moves—cash, precious metals, and private placements—including what each option can (and can’t) do for your portfolio. Bottom line: the goal isn’t to guess the next market move; it’s to build a strategy that fits your situation, stays diversified, and keeps you ready for opportunity. If you’re a long-term investor who wants to stay steady when markets get loud, this one’s for you. In This Episode, We Cover: 😰 Why fear and uncertainty drive most investing decisions 🎯 How to evaluate opportunities based on your goals (not trends) ⏱️ Why timing the market is harder than it looks ⚖️ Cash vs. metals vs. private placements: pros, cons, and risk realities 🧺 The role diversification plays in reducing portfolio risk 🧘 How to stay prepared for future opportunities without overreacting If you’re questioning how your investments should be positioned in a volatile environment, it may be time to review your: risk tolerance, time horizon, cash needs, portfolio diversification. Working with a trusted financial advisor can help you stress-test decisions before you act. #Investing #MarketUpdate #Diversification #WealthBuilding #FinancialPlanning #LongTermInvesting #RiskManagement #BuildingWealthyHabits 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 /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/39891605

Episode 100 - Risk Is Everywhere: How To Respond Without Panicking 01/13/2026

Episode 99 - Going Beyond the Fiduciary Standard 12/30/2025

Episode 99 - Going Beyond the Fiduciary Standard What does “fiduciary” actually mean—and is it enough to protect your long-term plan? In this episode, we break down the fiduciary role, why transparency matters, and why many people eventually need more than an advisor who simply “babysits” their money. As your life gets more complex—taxes, estate planning, investments, business income, retirement distribution strategy—you need proactive guidance, not just basic oversight. If you’re evaluating a financial advisor (or wondering whether your current relationship is still the right fit), this conversation will help you ask better questions, understand compensation, and spot the difference between fiduciary compliance and true strategic planning. In This Episode: 00:00 Understanding the Fiduciary Role 05:45 Navigating Complex Financial Needs 11:36 The Importance of Proactive Financial Advice 17:16 Building a Trustworthy Advisory Relationship If you want an advisor relationship that goes beyond “fiduciary” and into proactive planning, hit subscribe—and drop your biggest question in the comments so we can cover it in the next episode. 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: --- Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm. /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/39564935

Episode 98 - Warning Signs That Your Financial Team Isn’t Growing With You 12/30/2025

Episode 98 - Warning Signs That Your Financial Team Isn’t Growing With You In episode 98 of Building Wealthy Habits, hosts Laura, Randy and Jeremiah discuss the signs that indicate when individuals and business owners have outgrown their financial teams, including their financial advisors, CPAs, and attorneys. They emphasize the importance of recognizing the need for change as financial situations become more complex and the necessity of having proactive advisors who can adapt to these changes. The discussion also covers the importance of ongoing relationships with financial advisors and the need for them to challenge clients and provide new insights as their financial needs evolve. In this episode: 📌 Most individuals outgrow their financial team rather than firing them. 📌 Change is hard, but recognizing the need for a new team is crucial. 📌 Proactive tax planning is essential as income increases. 📌 Investment strategies should evolve with the client's financial situation. 📌 A good CPA should provide more than just basic filing services. 📌 Financial advisors should challenge clients and not just defend the status quo. 📌 Ongoing relationships with financial advisors are key to success. 📌 Complexity in financial needs requires specialized advice. 📌 Estate planning becomes more critical as assets grow. 📌 Misalignment with your financial team can lead to costly mistakes. If you’re wondering whether your current team is still the right fit, start with one simple question: are they helping you stay ahead of complexity—or just reacting to it? If this episode sparked a few “oh wow… that’s us” moments, don’t ignore them. Take inventory of your advisor, CPA, and legal support, and make sure they’re proactive, coordinated, and willing to challenge your assumptions as your life and business evolve. Thanks for listening to Building Wealthy Habits—if you found this helpful, share it with a friend or business owner who’s growing fast, and subscribe so you don’t miss the next episode. #financialteam #outgrow #financialadvisor #cpa #taxplanning #investmentstrategy #complexity #fiduciary #estateplanning #successionplanning --- 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 --- Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm. /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/39564915

Episode 97 - Keep the IRS from being your Biggest Beneficiary 12/16/2025

Episode 97 - Keep the IRS from being your Biggest Beneficiary As tax season looms, there is one thing most people are thinking about: Keeping the IRS out of their pockets! That’s why this week Randy Barkley and Jeremiah & Laura Lee break down what really happens—tax-wise—when you inherit money, investments, and other assets. They walk through step-up in basis for stocks and real estate, why some taxes effectively “disappear” at death, and where they absolutely do not. The conversation covers annuities, life insurance, qualified accounts, RMD rules, and the organizational headaches that come with sorting through multiple accounts, statements, and beneficiaries. If you’ve ever wondered, “What actually happens when I inherit this?” or “How do I avoid making an expensive tax mistake?”, this episode gives you a practical roadmap. We Cover: Why the tax implications of inheritance can be bigger than most families expect How the step-up in basis works for stocks and real estate—and when it’s a major tax saver Why capital losses from a parent’s lifetime usually do not carry over to heirs How staying organized with account records and cost basis helps beneficiaries avoid costly errors The key differences in how annuities and life insurance are taxed Why inherited IRAs and other qualified accounts are taxed as ordinary income How RMD rules work for beneficiaries and what happens if they’re missed Ways charitable strategies can help offset higher taxes after an inheritance Why having the right financial and tax team matters when multiple assets and heirs are involved Don’t Miss These Moments: 00:00 – Navigating Inheritance and Tax Implications 02:53 – Understanding Step-Up in Basis 06:01 – Managing Losses and Staying Organized 08:48 – Real Estate, Community Property, and Ownership Structure 12:03 – Annuities: Tax Treatment and Implications for Heirs 14:55 – Life Insurance Benefits and Taxation 18:03 – Inherited Qualified Accounts, RMDs, and Tax Strategy 20:56 – Planning Ahead: Charitable Contributions and Tax Maneuvers Reach out at Connect with Jeremiah: LinkedIn: Email: Connect with Laura: LinkedIn: Email: Connect with Randy: LinkedIn: Email: Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm. /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/39368355

Episode 96 - The Weakest Link in Your Estate Plan 12/10/2025

Episode 96 - The Weakest Link in Your Estate Plan In Episode 96 of Building Wealthy Habits, Randy Barkley and Jeremiah & Laura Lee unpack what real estate planning looks like in today’s world—beyond a stack of documents in a binder. They talk through why the best estate plans are less about legal checklists and more about clear communication, access, and preparing the next generation for the responsibilities they’re stepping into. From blended family dynamics to managing digital assets and online accounts, this episode tackles the practical issues most families don’t talk about until it’s too late. If you’ve ever wondered whether your family would actually know what to do, where to go, or who’s in charge if something happened tomorrow, this conversation is for you. In This Episode, You’ll Learn: Why effective estate planning is more than just signing a will or trust How communication can prevent confusion, conflict, and delays The importance of making sure everyone knows where the estate documents are How to think about roles and responsibilities (successor trustee, executor, POA, etc.) Special considerations for blended families and complex family dynamics Why digital assets (logins, subscriptions, crypto, photos, domains, social accounts) must be part of your plan How regular check-ins and family meetings can keep your plan current and clear When and why to bring in professional guidance to navigate tricky situations Check Out These Key Moments: 00:00 – Estate Planning: More Than a Basic Checklist 03:06 – Why Communication Is the Real Engine of a Good Estate Plan 06:10 – Where Are the Documents? Access, Storage, and Digital Assets 09:01 – Defining Roles: Successor Trustees, Executors, and Key Responsibilities 12:04 – Blended Families, Second Marriages, and Complex Dynamics 14:57 – When to Call in the Pros: Getting Help with Complex Estate Issues 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 Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm. /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/39359775

Episode 95 - The Conversations You Can't Avoid 11/27/2025

Episode 95 - The Conversations You Can't Avoid Around every corner, it feels like the world is more divided than ever. Politics, economics, culture, identity, and even holidays can become battlefields of ideas. In this episode, we step back from the noise and look at division and conflict through a historical lens, exploring how power, money, and narrative shape the relationship between those at the top and the everyday people underneath. In this episode: 🧠 Why it feels like “we’ve never been this divided” and how history tells a more complicated story 🧠 How conflict over ideas has always existed and why it often flares up during times of economic stress 🧠 The role of power and purse: why those in control fight so hard to maintain their position and resources 🧠 How the populace pushes back and says “this is not right” when the system stops working for them 🧠 What past societies can teach us about the tensions we are living through right now 🧠 Why understanding economics is often the key to understanding conflict and division 🧠 How small moments, like Thanksgiving reflections, can reveal big truths about societal structures At the end of the day, division is not just a headline or a talking point. It is the result of real power dynamics, economic systems, and human beings trying to make sense of their place in history. If this conversation challenged how you see what is happening around you, share it with someone who is also wrestling with these questions and keep the discussion going. #division #conflict #powerdynamics #economics #society #socialissues #history #populace #classdivide #ideas 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 --- Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm. /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/39187925

Episode 94 - The Contrarian Mindset 11/18/2025

Episode 93 - Advanced Tax Strategies for Business Owners 11/11/2025

Episode 93 - Advanced Tax Strategies for Business Owners 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 between estate planning documents and estate planning strategy Preparing your heirs so they understand — and can sustain — the legacy you're building This episode is a must-watch for business owners, entrepreneurs, and families serious about generational wealth. Estate planning isn’t a one-and-done task — it must be revisited as life, law, and wealth evolve. If you're a business owner wanting to understand your options: Schedule a strategic financial assessment: #EstatePlanning #GenerationalWealth #BusinessOwners #WealthStrategy #TaxPlanning #BuildingWealthyHabits --- 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: --- Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm. /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/38982915

Episode 92 - The Lonely Side of Wealth: Why Success Can Feel Isolating 11/04/2025

Episode 92 - The Lonely Side of Wealth: Why Success Can Feel Isolating 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 on the importance of emotional support and honest relationships in financial planning. 💡 Key Takeaways Success and wealth can sometimes create emotional distance instead of connection. Clients often struggle to find people who understand their challenges without judgment. Honest conversations help relieve emotional strain and improve decision-making. Genuine advisor-client relationships go beyond numbers — they’re built on trust and understanding. Advisors who foster open communication can better support their clients’ overall well-being. 👉 Subscribe to Building Wealthy Habits for weekly insights on financial wellness, decision-making, and creating a meaningful relationship with money. #BuildingWealthyHabits #ClientIsolation #WealthConcerns #HonestCommunication #EmotionalSupport #FinancialAdvice #RelationshipBuilding #EmotionalIntelligence #WealthAndWellbeing #FinancialPlanning Reach out at Connect with Jeremiah: LinkedIn: Email: Connect with Laura: LinkedIn: Email: Connect with Randy: LinkedIn: Email: --- Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm. /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/38857945

Episode 91 - Thinking About Selling Your Business? Watch This First! 10/30/2025

Episode 90 - Is your business funding or draining your retirement? 10/21/2025

Episode 89 - The Art of Giving: Strategies for Family and Legacy 10/14/2025

Episode 89 - The Art of Giving: Strategies for Family and Legacy 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 works When to use intra-family loans and trusts to protect both sides Why gifting equities can save taxes (but comes with cost basis implications) How clear communication prevents family disputes over money Why funding experiences may matter more than cash gifts How to pressure test your financial plan before making big gifts Aligning your gifting strategy with your values and long-term security Done right, gifting is more than money—it’s a legacy. 📌 Subscribe for more insights on tax planning, retirement strategies, and building a financial legacy. 👍 Like this video if you found it helpful, and drop your questions in the comments—I’ll respond personally. #FinancialPlanning #TaxPlanning #GiftingStrategies #WealthManagement #RetirementPlanning Reach out at Connect with Jeremiah: LinkedIn: Email: Connect with Laura: LinkedIn: Email: Connect with Randy: LinkedIn: Email: Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm. /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/38451050

Episode 88 - Donor Advised Funds & Smart Giving Strategies for Tax Planning 10/07/2025

Episode 87 - 5 Signs to Know When You're Ready to Hire a Financial Advisor 09/30/2025

Episode 86 - Common Missteps for Estate Planning 09/23/2025

Episode 86 - Common Missteps for Estate Planning 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 than a will in avoiding probate. Adding children to property titles can lead to tax and liability issues. Plan for illiquid assets like property and businesses carefully. Coordinate estate plans with other financial assets for consistency. Understand community property laws and their impact on estate planning. Beneficiary designations can override estate plans if not aligned. Estate planning should include discussions with family members. Tax implications of inheritance can be significant and need planning. Regularly review and update estate plans to reflect current situations. 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 Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm. /episode/index/show/1b796e30-85bc-499e-b117-cc64c1bd2a9b/id/38317110

Episode 85 - Spending Habits that Stretch Your Wealth in Retirement 09/16/2025

Episode 84 - Creating Reliable, Tax Efficient Retirement Income 09/09/2025

Building Wealthy Habits

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