031 | Future-Proof Your Portfolio: Strategies for Global Instability

Are your investments prepared for the next global crisis? Tune in to learn how to build a resilient portfolio that can withstand the end of the world as we know it. Joining us is Matthew Pierce and together we dig into a topic that’s both timely and crucial: preparing your investment portfolio for the end of the world… or at least uncertain times. 

In this episode, we explore the general uneasiness stemming from global and political instability and how these factors influence our financial decisions. Matthew offers a deep dive into the importance of having a robust framework for your investments, focusing on the how and why behind your financial choices. These insights will arm you with the knowledge to make informed decisions and build a portfolio that’s prepared for anything, as well as valuable advice to help you stay ahead in these unpredictable times. 

Key Takeaways: 

  • Preparing for the End (or at Least Major Disruptions): Strategies to protect your investments against global upheavals. 
  • Defensive Portfolio Building: Constructing a resilient portfolio to withstand market volatility. 
  • Understanding the Price of Attention: Understanding how news and media use tactics to capture your attention and why it’s essential to stay vigilant. 
  • Establishing Benchmarks: Setting clear metrics to evaluate investment performance. 
  • Long-Term Paybacks: The reality of potentially less-than-ideal short-term results when aiming for long-term investment success. 
  • Designing for Desired Outcomes: Tailoring your portfolio to achieve a higher likelihood of specific financial goals. 
  • Balancing Knowledge Levels: Being aware that even if we think we know something there are so many factors in play that we need to consider. 
  • Diversified Portfolio Benefits: The importance of diversification and recovery during recessions. 
  • Leveraging Historical Trends: Leveraging historical data to prepare for future market trends. 
  • Optimizing for Resilience: Strategies for making your portfolio resilient against downturns. 
  • Doomsday Scenarios: Addressing the potential decline of the USA as the global leader, global demographics and the impact of climate change. 
  • Emotional Decision-Making: How emotions can cloud financial judgment. 

Episode Resources: 

Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts by Annie Duke 

 

The Psychology of Money: Timeless lessons on wealth, greed, and happiness by Morgan Housel 

 

The End of the World Is Just the Beginning: Mapping the Collapse of Globalization by Peter Zeihan 

Predictably irrational Dan Ariely 

 

Resources:   

Visit www.vitalstrategies.com to download FREE resources     

Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies    

Follow on Instagram at https://www.instagram.com/vital.strategies      

Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast     

Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/     

Credits:    

Sponsored by Vital Wealth    

Music by Cephas    

Audio, video, and show notes produced by Podcast Abundance   

Research and copywriting by Victoria O’Brien 

030 | Investment Strategy Overview: Safe Plays to Bold Bets

What if you could turn your investments into a steady stream of passive income and secure your financial future, all while avoiding the long-term risks of bad strategy?  

That’s precisely what we’ll be discussing with our guest, Carey Hilburn, Lead Financial Advisor at Vital Wealth. Carey is a powerhouse when it comes to client planning helping guide them towards their financial goals. Together, we dive into the four levels of investing, offering you actionable insights and strategies. We kick things off with building a brokerage account, where we uncover how to build equity, automate savings, and generate passive income. Then, we venture into real estate investing, weighing its pros and cons and identifying key metrics to secure the best deals. 

Next, we discuss financial freedom, covering essential topics like passive income, lifestyle expense, and estate planning for ultimate peace of mind. Finally, we reach for the stars with moonshots—those thrilling, high-risk, high-reward investments. Carey breaks down the challenges, including liquidity issues, and emphasizes the importance of a long-term strategy. Don’t miss this episode packed with invaluable insights from Carey Hilburn, designed to propel your investment journey to new heights with expert guidance from the Vital Wealth team. 

Key Takeaways: 

  • Building Brokerage Dollars: Build equity, automate savings, manage risk, and create passive income. 
  • Real Estate Investing: Understand pros and cons, focus on key metrics, and find the right investments. 
  • Achieving Financial Freedom: Plan for retirement, assess lifestyle expense, pursue passion projects, and implement estate planning. 
  • Taking Moonshots: Embrace high-risk investments, address challenges, maintain a long-term strategy, and be ok with settling in for the long term. 

Resources:   

Visit www.vitalstrategies.com to download FREE resources     

Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies    

Follow on Instagram at https://www.instagram.com/vital.strategies      

Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast     

Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/     

Credits:    

Sponsored by Vital Wealth    

Music by Cephas    

Audio, video, and show notes produced by Podcast Abundance   

Research and copywriting by Victoria O’Brien 

029 | Grow Your Business, Grow Your Impact: Eric Crews Shares Business Scaling Strategies

Curious about the critical question that can supercharge your business success? Tune in as entrepreneur Eric Crews shares his insights and expertise. 

In this episode of the Vital Strategies Podcast, host Patrick Lonergan, sits down with fellow entrepreneur and scaling expert, Eric Crews, for an enlightening conversation on what it takes to scale your business to new heights. 

During the episode, Eric shares his expertise on creating clarity and making sacrifices to achieve your ideal level of success. He emphasizes the importance of caring for people and clients and offers practical tips for measuring success through quantified value. 

But the real highlight of the episode comes when Eric unveils the one question every entrepreneur should ask themselves once their company is operationally strong—a question that has the power to skyrocket business growth. Make sure to listen to the end where we unpack this key question! 

Key Takeaways: 

  • Developing clarity and sacrifice for achieving business success. 
  • Understanding quantified value and measuring success beyond the bottom line. 
  • Strategies for creating alignment and cleaning up the company for optimal performance. 
  • The importance of strategy in business success, often overlooked by small and medium businesses. 
  • Practical tips for setting quarterly sprints and goal-setting for business growth. 
  • Identifying proof points and levers for a scalable business model. 

Resources:   

Visit www.vitalstrategies.com to download FREE resources     

Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies    

Follow on Instagram at https://www.instagram.com/vital.strategies      

Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast     

Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/     

Credits:    

Sponsored by Vital Wealth    

Music by Cephas    

Audio, video, and show notes produced by Podcast Abundance   

Research and copywriting by Victoria O’Brien 

028 | Inside the Entrepreneur’s Private Office: The Blueprint for Tax Savings and Wealth Building

Have you ever wondered how entrepreneurs identify the right financial tools and resources to support their journey, especially with all of the options available? 

In this episode of the Vital Strategies Podcast, host Patrick Lonergan sits down with Ryan Johns, one of the Financial Advisors at Vital Wealth. Together, they dive into topics designed to empower entrepreneurs on their financial journey. 

Ryan brings a unique perspective, having transitioned from the legal field to the world of finance. The conversation kicks off with a discussion of the ideal setup for what your advisor team should look like and how the team will evolve alongside your entrepreneurial journey. From the foundational importance of cash flow management to leveraging tools, Ryan and Patrick offer invaluable advice on achieving financial success. 

You will gain practical tips on where to begin your financial journey. It may start with saving money into an investment account and moving into the importance of building systems to direct financial resources effectively. The discussion also dives into strategies for protecting against economic downturns and seizing opportunities for growth. 

 Key Takeaways: 

  • How to set up an ideal advisor team and its evolution along your entrepreneurial journey 
  • The foundational significance of cash flow management for financial success 
  • Implementing strategies for protecting against economic downturns and seizing growth opportunities 
  • Insights into projecting cash flow and establishing tax strategies 

Resources:   

Access to QuickBooks

Visit www.vitalstrategies.com to download FREE resources     

Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies    

Follow on Instagram at https://www.instagram.com/vital.strategies      

Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast     

Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/     

 

Credits:    

Sponsored by Vital Wealth    

Music by Cephas    

Audio, video, and show notes produced by Podcast Abundance   

Research and copywriting by Victoria O’Brien 

027 | The Need for Speed: M&A deals done fast and done right with Robyn Siers

Are you ready to explore new strategies and approaches to M&A that prioritize speed and efficiency without sacrificing quality? 

In the latest episode of the Vital Strategies Podcast, host Patrick Lonergan welcomes a special guest, Robyn Siers, to the show. Robyn is a legal expert specializing in Speed M&A (Mergers and Acquisitions), adding significant value to the process with her diverse background that includes working at a tech start up, being an attorney at a full-service firm to now being a partner in a boutique firm where she specializes in mergers and acquisitions. 

Having started her career in product marketing before transitioning to law, Robyn brings a unique perspective to the table. With years of experience in the legal field, she has honed her expertise in M&A, focusing on operating quickly, thoroughly, and leveraging technology to streamline the process. 

Listeners will gain valuable insights into the M&A process, understanding deal structures, and the significance of preparing clean data and positioning the value of the company. 

Key Takeaways: 

  • Speed M&A Expertise 
  • Customized Playbooks 
  • Human Insight vs. AI 
  • Clean data and legal compliance 
  • IP audits and confidentiality safeguards  

To connect with Robyn and learn more about her expertise in M&A, listeners can reach out via email at robyn.siers@jonesspross.com or visit her website at www.jonesspross.com. 

Resources:   

Visit www.vitalstrategies.com to download FREE resources     

Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies    

Follow on Instagram at https://www.instagram.com/vital.strategies      

Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast     

Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/     

 

Credits:    

Sponsored by Vital Wealth    

Music by Cephas    

Audio, video, and show notes produced by Podcast Abundance   

Research and copywriting by Victoria O’Brien 

026 | You Can’t Hustle Your Way to Happiness: Your Mental Health Matters!

Culture wants us to buy into the myth that if we just earn another dollar, we will be happy.  

What if I told you that taking intentional rest and optimizing your mental health could be the key to unlocking your full potential as an entrepreneur? 

In the latest episode of the Vital Strategies Podcast, host Patrick Lonergan dives into the world of mental health with licensed therapist, counselor, and mental health coach, Amanda Asay. Drawing from their personal experiences, Patrick and Amanda offer insights from the viewpoint of entrepreneurs, challenging the common belief that achieving financial success or reaching the next level will automatically lead to happiness.  

They discuss topics such as understanding one’s level of tolerance to deal with the challenges of life, identifying mental health baselines, and developing tools to navigate the ups and downs of emotions. Patrick and Amanda also explore the relationship between stress and intentional rest, challenging limiting beliefs around rest and highlighting the inability to “hustle” one’s way to happiness. 

Key Takeaways: 

  • Mental health is a continuous journey, not a final destination 
  • Exploring the myth that financial success will make us happy. 
  • Taking proactive steps is crucial when struggling with mental health 
  • Developing tools to navigate emotional ups and downs that everyone will face in life no matter your financial or business success. 
  • Challenge limiting beliefs around rest. 

Listeners are encouraged to connect with Amanda through her website and explore how practices like mindfulness, including their shared experience with Lego, can play a transformative role in mental health maintenance. 

 

Resources:   

Visit www.vitalstrategies.com to download FREE resources     

Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies    

Follow on Instagram at https://www.instagram.com/vital.strategies      

Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast     

Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/     

 

Credits:    

Sponsored by Vital Wealth    

Music by Cephas    

Audio, video, and show notes produced by Podcast Abundance   

Research and copywriting by Victoria O’Brien 

025 | Tax Credits and Deductions – Opportunities to Pursue and Pitfalls to Avoid

Curious about the qualifications for tax credits? We’re breaking down the criteria and debunking common myths to help you navigate the tax landscape with confidence.  

 

Host Patrick Lonergan sits down with tax strategy expert Matthew Geltz from KBKG to explore the world of holistic tax planning. With a focus on specialty services and innovative approaches, Geltz sheds light on how businesses and individuals can optimize their tax savings. 

 

Throughout the discussion, Geltz provides invaluable insights into key tax strategies, such as Cost Segregation studies and the significance of creating distinct buckets to maximize deductions effectively. Listeners get to listen in as Patrick and Matthew explore tax credits, including opportunities surrounding energy efficiency initiatives like 179D. They will discuss the intricacies between energy efficient tax credits and deductions. Geltz explains the pitfalls with concepts such as the Employee Retention Tax Credit, offering clear guidance on qualification criteria and potential rewards for eligible businesses. 

 

From understanding the nuances of how to qualify for these deductions and credits and navigating changes in legislation, Geltz and Lonergan provide listeners with actionable strategies to optimize tax planning and capitalize on available incentives. 

 

Key Takeaways: 

  • Understanding the nuances of Cost Segregation studies 
  • Exploring tax deductions such as 179D, presents opportunities for maximizing savings 
  • Distinguishing between tax credits and deductions 
  • Qualification criteria for tax credits involve both qualitative and quantitative assessments 
  • Have professionals on your side to stay up on legislative changes, is key to effective tax planning 

Resources:   

Guest contact: Matthew.gelt@kbkg.com

Visit www.vitalstrategies.com to download FREE resources     

Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies    

Follow on Instagram at https://www.instagram.com/vital.strategies      

Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast     

Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/     

 

Credits:    

Sponsored by Vital Wealth    

Music by Cephas    

Audio, video, and show notes produced by Podcast Abundance   

Research and copywriting by Victoria O’Brien 

024 | The 4 Cornerstones of Wealth Building: Cash Flow

Have you ever wondered why some businesses thrive while others struggle to stay afloat?  

Hint: it’s not luck or chance. Get ready to explore the framework for building a resilient and prosperous business. 

In today’s episode, host Patrick Lonergan guides entrepreneurs on a transformative journey from amateur financial structures to organized, effective systems called the Entrepreneur Private Office. The Entrepreneur Private Office was born from his personal experience as an entrepreneur as well as working with successful entrepreneurs who are making over $1,000,000 a year. 

This episode accelerates wealth building and cash flow optimization, focusing on understanding cash flow fundamentals, setting liquidity thresholds, and automating financial processes.  

We address common pitfalls, such as debt management, and offer insights into active vs. passive income. This episode is packed with actionable strategies and a sneak peek into the remaining cornerstones of wealth building, setting the stage for a comprehensive approach to move from having an amateur financial structure to a professional one. 

Key Takeaways: 

  • Transition from amateur financial structures to organized, effective systems with the Entrepreneur Private Office framework.
  • Accelerate wealth building and optimize cash flow through actionable strategies. 
  • Learn how to not fall victim to the number one reason businesses go out of business – running out of cash. 
  • Learn techniques for automating financial processes and optimizing active and passive income streams.
  • Address common pitfalls in debt management and prioritize strategic debt repayment. 

Resources:

Visit www.vitalstrategies.com to download FREE resources     

Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies    

Follow on Instagram at https://www.instagram.com/vital.strategies      

Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast     

Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/     

 

Credits:    

Sponsored by Vital Wealth    

Music by Cephas    

Audio, video, and show notes produced by Podcast Abundance   

Research and copywriting by Victoria O’Brien 

023 | Tax Strategy: Niche Deferred Compensation Solution for Law Firms

Curious about the role of innovative financial solutions in empowering plaintiff contingent fee law firms to grow their businesses?  

  

In today’s episode, we explore the fascinating world of tax strategy and financial planning with our special guest, Mike McGarry. As the Managing Director at Optcapital, Mike brings a wealth of expertise in crafting innovative solutions tailored to the unique needs of plaintiff contingent fee law firms.  

  

Mike sheds light on the complexities of tax strategy surrounding the huge swings in income for contingent fee law firms. He explores the intricacies of deferral programs versus structured fees, offering insights into how both solutions aim to address the challenge of managing large contingent fees and timing income recognition.  

  

Key Takeaways:  

  • Tax strategy and financial planning is vital for plaintiff contingent fee law firms  
  • The deferral program tackles managing large fees and the timing of when the income becomes taxable  
  • The plan streamlines complex transactions with flexible contributions and withdrawal rights  

 

Resources:   

Visit www.vitalstrategies.com to download FREE resources     

Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies    

Follow on Instagram at https://www.instagram.com/vital.strategies      

Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast     

Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/     

 

Credits:    

Sponsored by Vital Wealth    

Music by Cephas    

Audio, video, and show notes produced by Podcast Abundance   

Research and copywriting by Victoria O’Brien 

022 | Have You Hit a Plateau in your Business? Unlock the Secrets to Breakthrough Growth

Are you ready to take your business to new heights? In our latest episode of the Vital Strategies Podcast, we had the privilege of hosting strategic business coach David Greer, who shared wisdom he has earned over the last 40 years of being in business. We discuss navigating growth plateaus and unlocking your business’s full potential. 

David shares the importance of strategic planning and forward-thinking. From crafting a master plan that encompasses both business and personal growth to understanding market dynamics and fostering a culture of high performance, David leaves digs into what it takes to run a successful business. 

So, join us as we embark on a transformative journey with David Greer, discovering the keys to unlocking growth, fulfillment, and resilience in both business and life. 

Key Takeaways: 

  • Crafting a master plan, setting clear goals, utilizing tools like the One Page Strategic Plan 
  • Financial Best Practices 
  • How to Manage People and Culture 
  • Creating an Ideal Week for Entrepreneurs 

Resources:  

Visit www.vitalstrategies.com to download FREE resources    

Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies   

Follow on Instagram at https://www.instagram.com/vital.strategies     

Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast    

Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/    

Credits:   

Sponsored by Vital Wealth   

Music by Cephas   

Audio, video, and show notes produced by Podcast Abundance  

Research and copywriting by Victoria O’Brien