Archives: Episodes

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 

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 

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 

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 

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 

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 

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 

It’s astonishing – $200-$250 billion in life insurance policies lapse every year. Curious to know how Abacus Life is not only changing the narrative but turning these lapses into substantial assets for clients? Tune in to find out. 

In the latest Vital Strategies Podcast episode, host Patrick Lonergan is joined by Kolby Skolnik, from Abacus Life, a publicly traded company on Nasdaq and a leading alternative asset manager. Together, they explore Abacus Life’s unique approach to life insurance as a valuable asset. 

The episode highlights how Abacus Life purchases policies at a premium above the cash surrender value, allowing clients to enjoy returns 6-8 times higher. Abacus Life becomes a crucial player when individuals want to turn their life insurance into a proactive financial asset. 

The conversation covers the uses of life insurance for protection and liquidity. Listeners will gain insights into investment strategies, term rescues, and real-life case studies showcasing Abacus Life’s impact. 

Key Takeaways: 

• Abacus Life’s Unique Approach 
• Diverse Uses of Life Insurance 
• Mortality-Based Approach 

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 

Do you want to ensure your assets are shielded from creditors and legal liabilities? Learn how to legally avoid paying the federal estate tax which is 40%. Join us for an insightful discussion on asset protection and estate planning with Kyle Irvin. 

In our most recent episode, we sit down with Kyle Irvin, an expert in asset protection and estate planning. I have worked closely together with Kyle for years. He brings practical wisdom to the table, unraveling the complexities of asset protection strategies and legal nuances across different states. 

In this episode, Kyle explains the various levels of asset protection, from safeguarding your home and retirement accounts to navigating the intricate laws surrounding LLCs and corporations. He sheds light on critical components to ensure solid asset protection, including the importance of annual meetings, maintaining corporate records, and treating LLCs as bona fide businesses. 

Unlock the secrets to securing your financial future and leaving a lasting impact for generations to come. 

Key Takeaways: 

• Comprehensive asset protection strategies 
• Key components of asset protection 
• Leveraging LLCs and corporations 
• Advanced techniques like siloing assets and series LLCs 
• Utilizing trusts for estate planning 

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 

Do you find financial planning to be a one-size-fits-all experience? Challenge that notion with the Vital Strategies Podcast, where we discuss the importance of personalized, proactive planning tailored to your unique goals. 

In this episode, Patrick Lonergan and Steven Jarvis unpack Vital Wealth’s core principles, initially featured on the Retirement Tax Services Podcast. Discussing the crucial link between tax savings and wealth building, involving proactive tax planning, cash flow optimization, and strategic funding.  

Discover how Vital Wealth strategically positions clients’ finances to minimize tax liabilities, explore their pricing model, and understand the importance of ongoing client involvement in crafting tailored strategies. From onboarding specifics to monthly expectations, the episode highlights the significance of maintaining an active partnership with clients. 

Key Takeaways: 

• The Vital Strategies Podcast Origin 
• Tax and Wealth Connection 
• Minimizing Tax Liabilities 
• Comprehensive Approach to Proactive Tax Planning 

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