Wealth Academy Podcast - Wealth Is More Than Just Money

Wealth Academy Podcast - Wealth Is More Than Just Money

The Wealth Academy Podcast host asks listeners, "Who doesn't want to be wealthy or at least financially secure. We agree with listeners that money is essential to being able to take care of one's needs and wants however there are more important aspects of life that create and define wealth. Our mantra is 'Wealth Is More Than Just Money." The Wealth Academy Podcast delves into a multitude of elements that constitute wealth and host Paul Lawrence Vann will provide solo broadcast and invite guest experts such as coaches, speakers, authors, financial experts, relationship experts, and consultants to assist in listeners better understanding what true wealth consists of good health, love, good relationships, compassion, understanding, a healthy mind, body, and spirit. If one thinks all they need is money to be happy they will be sadly disappointed, subscribe, listen in, and discover what a wealthy life really consists of. Wealth Academy Podcast interviews guest experts, e-mail us at info@paulvannspeaks.com and or call us (800) 341-6719.

Episodes

September 27, 2024 15 mins

As Baby Boomers enter or navigate their retirement years, they face several financial and emotional fears that can significantly impact their quality of life. This generation, born between 1946 and 1964, is experiencing a unique set of challenges, from longevity and healthcare costs to insufficient retirement savings and economic uncertainty.

1. Fear of Outliving Their Savings

One of the most signific...

Mark as Played

Several repayment and forgiveness programs are designed to help students and parents manage or eliminate their student loan debt. These programs vary based on the type of loan, employment, and financial need.

1. Income-Driven Repayment (IDR) Plans

These federal programs allow borrowers to tie their monthly payments to their income, making payments more manageable.

• Income-Based Repayment (IBR): Payments are capped at 10-15% of discre...

Mark as Played

Living paycheck to paycheck is a pervasive issue in America, and its effects can be devastating, leading to financial stress, inability to save for emergencies, and lack of long-term investment opportunities. To break free from this cycle, individuals must adopt a multi-step approach that includes budgeting, cutting unnecessary expenses, increasing savings, and focusing on investment strategies. Here’s a comprehensive breakdo...

Mark as Played

In the United States, defining what qualifies as "rich" can vary depending on several factors, including geographical location, lifestyle, and individual financial goals. However, there are broad benchmarks and characteristics that generally indicate wealth.

Benchmarks of Being Rich

1.    Net Worth: A common threshold for being considered "rich" is having a net worth of $1 million or more. This places individuals in t...

Mark as Played
September 22, 2024 15 mins

Consider and include a whole life insurance as part of your financial portfolio. Also consider becoming your own bank and build wealth and ultimately generational wealth, this episode will open your eyes to what is possible. 

Key Considerations for Whole Life Insurance

  1. Permanent Coverage: Unlike term life insurance, whole life insurance provides coverage for the policyholder's entire life as long as premiums are paid. This en...
Mark as Played
September 21, 2024 15 mins

Here’s an analysis of the top ten banking apps and five examples of good banking software to consider. These apps and software solutions are selected based on functionality, security, ease of use, and their ability to meet different banking needs:

Top Ten Banking Apps:

1. Chime o Features: No-fee banking with direct deposit, automatic savings, and early access to paychecks. 

o Benefits: Users enjoy fee-free transactions and no minimum...

Mark as Played

Key Components of Financial Literacy 

1. Budgeting Mastery Financial literacy begins with a deep understanding of budgeting. This involves learning how to track income, control spending, and plan for future financial goals. 

2. Debt Management A major part of financial literacy is understanding how to manage and reduce debt. This includes knowing how interest rates work, differentiating between good debt (e.g., mortgage, student loan...

Mark as Played

A credit score is a numerical representation of an individual’s creditworthiness, based on their credit history. It typically ranges from 300 to 850, with higher scores indicating better credit health. Maintaining a good credit score is crucial because it affects various aspects of financial life, including access to loans, credit cards, rental agreements, and even employment in some cases. 

Credit scores are typically calculated us...

Host Paul, Shares How Consumers Get Into Deep Credit Card Debt 

1. Living Beyond Their Means: Many consumers fall into the habit of using credit cards to supplement their lifestyle, buying things they can’t afford with the intention of paying later. 

2. High-Interest Rates: Credit cards typically come with high interest rates, often between 15-25%. 

3. Unexpected Emergencies: Many consumers rely on credit cards during emergencies such...

Mark as Played

Here is an in-depth analysis of what it takes to become debt-free and stay that way, accompanied by a few illustrative examples to support the path to debt freedom.

 1. Assessing Your Financial Situation 

a. Inventory of Debts Begin by listing all your debts, including credit cards, student loans, mortgages, car loans, and any other liabilities. For each debt, note the balance, interest rate, minimum monthly payment, and due dates.

 b...

Mark as Played

Top Challenges Prospective Buyers Face in the 2024 Housing Market

1. High Mortgage Rates

 Higher mortgage rates translate into significantly larger monthly payments, making it difficult for buyers, particularly first-time buyers, to afford homes. With a larger portion of their income devoted to servicing mortgage debt, homeownership is less attainable for many.

2. Limited Housing Supply

 The tight supply results in competitive bidding ...

Mark as Played

Paul wants you to be in the know as it pertains to the financial challenges you face in 2024. Here is a list of the top financial challenges for you to understand. 

Rising Cost of Living

The cost of essentials such as housing, healthcare, and education continues to climb faster than income growth. Inflation, particularly in the aftermath of the COVID-19 pandemic and global supply chain disruptions, has worsened this situation.

Stagnan...

Mark as Played

It is important to understand any time your data is compromised, the first thing to do is alert your financial services provider. Whether it’s for a credit card or a checking and savings account, you can freeze your accounts before any bad actors are able to access or drain them. 

You should obtain a copy of your credit report from the three major credit bureaus (TransUnion, Equifax and Experian) to review for errors or possible fra...

Mark as Played

Debt in America in 2024 continues to skyrocket, in fact the total household debt is $17.987 trillion. The average debt an American owes is $104,215 across mortgage loans, home equity lines of credit, auto loans, credit card debt, student loan debt, and other debts like personal loans. 

Mortgage debt is most Americans' largest debt, exceeding other types by a wide margin. Student loans are the next largest type of debt among thos...

Mark as Played

This situation highlights a growing generational divide in financial expectations. Gen Z, having observed economic turbulence, often expects to inherit wealth or assets as part of their financial future, potentially seeing it as a safety net. 

However, many Baby Boomer parents may not be planning on leaving much behind due to various factors, including: 

1. Increased Longevity: Boomers are living longer, which means their retirement ...

Mark as Played

Wealth Academy Podcast subscribers should anticipate major changes of the platform. The vision and direction of the media platform is being changed to provide listeners with more focused content provided by Paul the host and the guest experts he will be interviewing. 

That's not all the distribution platforms will likely change and a Facebook, IG, and YouTube page will be put into place. Anticipate more quality programming in th...

Mark as Played

Now more than ever authorpreneurs need to always be marketing. Why?

There are systems and processes that exist to help people become nest-selling authors nationally and internationally. It is important to understand even best-selling authors books collect dust and this is not what should be happening. Writing a book should also entail generating revenue from it because it means books are getting into the hands of readers that need t...

Mark as Played

The Wealth Academy Podcast has been in existence since 2020, the first episode took place on August 6, 2020. As a producer and host, Paul continues to lead his podcast, and it has come a long way. 

Paul attended the Podcast Movement in his backyard at the Gaylord National Harbor Resort in Maryland and it was an eye-opening conference. The keynote addresses were outstanding with global speakers, the breakout sessions were tremendous,...

Mark as Played

Laurie Richards delivers "Insightful Communication Problem-Solving" to her clients. She is CEO of Laurie Richards & Associates (LR&A).

Laurie shared insight about her your backstory and what she experienced growing up in South Dakota. Her rich experience explains her entrepreneurial success today. 

It always helps to understand what young adults learn from their parents in what is considered the golden rules in their ...

Mark as Played

Michael shared the backstory of his formative years of college life, and he discussed the defining moment that led up to him coming up with the concept for Greek University.

Greek University helps solves student problems on college campuses for fraternities and sororities and the community it serves. Members of Michael's speaker's bureau deliver speeches and workshops on college campuses on leadership, drug and alcohol abuse...

Mark as Played

Popular Podcasts

    If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.

    2. Dateline NBC

    Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.

    3. Crime Junkie

    If you can never get enough true crime... Congratulations, you’ve found your people.

    4. The Clay Travis and Buck Sexton Show

    The Clay Travis and Buck Sexton Show. Clay Travis and Buck Sexton tackle the biggest stories in news, politics and current events with intelligence and humor. From the border crisis, to the madness of cancel culture and far-left missteps, Clay and Buck guide listeners through the latest headlines and hot topics with fun and entertaining conversations and opinions.

    5. The Bobby Bones Show

    Listen to 'The Bobby Bones Show' by downloading the daily full replay.

Advertise With Us
Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2024 iHeartMedia, Inc.