PODCAST · business
One Day Advice Podcast
by Nick Reilly, CFP® & CDAA™
This podcast will give you a fully-transparent, behind-the-scenes look into the financial services industry. Helping you to optimize your personal finances along the way.One Day Advice seeks to empower consumers of financial advice with the knowledge and resources needed to navigate their financial lives while leveraging their time so they can get more out of life. onedayadvice.substack.com
Episodes
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How to Save and Plan for Future Education Costs
Education costs have increased at an exponential rate, creating a significant amount of opportunity for well-thought-out financial planning. In this episode, we discuss the causes for the increased costs and provide information on 529 plans as a solution for self-funding these costs, outside of...
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What does it mean to be INDEPENDENT within financial services?
You already know the story of independence and the 4th of July. What you may not know is what independence means within the financial services industry, why it’s important, and how it likely impacts you. In this episode, we cover why the quality of financial advice ranges significantly and what…
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Tax-Loss Harvesting: How to Implement & Benefit from this Strategy
With the stock market recently entering a bear market, this is a great time to be considering harvesting any losses that you have to help offset capital gains. In this episode, we provide: An overview of capital gains and tax-loss harvesting Tips & tricks to implement this strategy on your own…
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[Crypto Series] Risks Associated with Crypto and How to Protect Yourself
Given the recent Terra collapse and the domino effect that it had on the rest of crypto, this is a timely episode that addresses the associated risks with investing in the asset class. Nick provides an overview of the general risks that are unique to crypto, highlights three important historical...
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[Crypto Series] Why You Should Care About DeFi (Decentralized Finance)
DeFi (Decentralized Finance) has quickly become one of the largest themes within crypto today, and we believe it will have the greatest disruption to financial services as we know it. Nick explains why you should care about the DeFi revolution and how you may be able to capitalize and/or benefit...
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[FinTech Series] The Importance of Net Worth Tracking & Financial Organization
Rohit is the founder and CEO of Kubera.com, a modern spreadsheet-style net worth tracker that allows you to automatically track both traditional and crypto portfolios. Kubera helps our clients get organized and gain more financial clarity. In this episode, Rohit shares the near-death experience...
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[Crypto Series] A Primer on Crypto Taxes
Yes, cryptocurrencies are taxed :( In this episode, Nick provides a primer on how they are taxed and which transactions count as a taxable event. He then touches on how to prepare your taxes and the strategies you can implement today to reduce your tax liability. 3:12 - How is Crypto Taxed 4:27 -...
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[Crypto Series] Three Major Themes Inside Crypto/Blockchain Technology
Blockchain technology has opened the door for a new era of innovation. In this episode, Nick addresses the three main themes that you can invest in within the cryptocurrency and blockchain environment. Timestamps: 1:07 - DeFi (Decentralized Finance) 9:31 - Web3 (Next Iteration of the Internet)...
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Credit Card Hacks and Insights [Spending Strategically]
Spending plays a key factor in your financial health. In this episode, we break down ways to "spend smart" using your credit card and great tools for shopping online. If you'd like to get a rolling interest-free loan for up to 60 days, want to maximize your rewards, or want to save more while...
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Insights into Starting a Small-Business and Ditching the 9-to-5 with Kelsey Knutson
Small businesses are a great way to build personal wealth and they are the backbone of business in America. In this episode, Kelsey Knutson talks about her entrepreneurial journey and shares wisdom from her experience in leaving the 9-to-5 and starting a business, and eventually becoming a…
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Making Data-driven Financial Decisions with Seth Burstein of Fortunately.io
Imagine being confident in being able to make key financial decisions based on data. Fortunately.io is trying to help and relieve stress for millions of people by helping them with key financial decisions that can be largely determined through data. In today's episode, we interview Seth Burstein,...
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Worried About the Stock and Crypto Markets? Learn to Embrace Volatility
The stock market has moved around a lot lately. No matter the timing of when you listen to this episode, the key lessons can be applied. In this episode, we reference a lot of data in order to provide the proper context needed for weathering any financial storm. Schedule your free 30-minute...
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Getting Direct Diversified Exposure to Cryptocurrencies: feat. Matt Heater from Makara
Are you interested in the cryptocurrency market? Would you like diversified and direct exposure to the asset class? In this episode, we discuss crypto investing with Makara's VP of Strategic Initiatives, Matt Heater. Makara is an SEC registered investment advisor based in Seattle, WA that…
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Worried About Inflation? Here's How You Can Come Out On Top!
Inflation is the "Stealth Tax". It erodes your cash and reduces your purchasing power over time. You won't find it in your financial statements or your tax filings, but you can feel it through the assets and items you purchase. As famous economist John Maynard Keynes once said, "While [inflation]...
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Budgeting Sucks! Here's a fun alternative that will get you better results
Budgeting is no fun for too many reasons to mention. It's restrictive. In this episode, we present a new way to think about and/or manage your spending. A way that will actually be fun and get you better long-term results. We provide you with questions to ask yourself, so that you can build a...
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Discussion: Biden's Updated Tax Plan Proposal with Kyle Lynch, CPA
Biden's recent Tax Plan Proposal contains many changes that will impact high-income earners. In this episode, Kyle Lynch from Clover Hill CPA joins Nick to discuss key takeaways from the proposal and timely action items to consider before year-end. Kyle also explains the strategy of the "Backdoor...
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WA State's Long-term Care Tax: Should You Opt Out?
Timely episode alert! You only have until 11/1/2021 to have a private LTC policy in place in order to opt-out and gain exemption from this payroll tax. If you're a W-2 employee in the State of Washington, this episode is for you. I give an overview of the payroll tax, what it means to you, and…
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[Crypto Series] Stablecoins: Worthy cash alternatives?
As the first part of our crypto series, we discuss the concept of stablecoins and how to leverage them as a potential cash alternative asset class. As of the recording, we are talking anywhere between 4-8% annual interest rate, accrued daily and paid out monthly! We will discuss how they work and...
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Common Misconceptions Around Estate Planning - ft. Harkiran Sekhon
In today's episode, we interview estate planning attorney Harkiran Sekhon of Sekhon Law, PLLC. Harkiran shares some of the common misconceptions around estate planning and what people can do to ensure that their estate is in order. Plainly stated, if you're an adult you should have a plan for…
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Your 401k is NOT a Scam - A Warning Against Misleading Ads
There are many misleading claims and ads around financial advice, but in this episode we discuss one in particular. The claim that your 401k is a scam where they go on to promote the "infinite banking" strategy through a cash value whole life insurance policy. We break down why this is misleading...
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The 4% Rule of Financial Independence: Rule or Guideline?
Financial independence is the new retirement. The 4% Rule has become the central measurement for financial freedom and in this episode, we break down why this number may actually be best used as a guideline, and how you should consider thinking about financial freedom instead. We explain what the...
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Financial Literacy and Making Money Your Employee with Jedidiah Collins
Jed Collins, CFP is an ex-NFL athlete turned personal finance educator. He's the Founder of Money Vehicle, an online financial literacy certification course. In today's episode, we touch on Jed's incredible story, his experience with money, and his journey of not only teaching financial literacy...
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How to Gain Cryptocurrency Exposure Using Stocks
In this episode, we discuss ways to gain indirect (and some direct) exposure to cryptocurrencies using six publicly traded U.S. stocks. This strategy could also be a great way to gain cryptocurrency exposure inside your retirement accounts, as well as a way to hedge your bet on cryptos since five...
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AAA System for Cash Flow Management
Cashflow is the lifeblood of your financial life. Without an understanding of where your money is going, you won't be able to fund the short-term or long-term goals that you have. In this episode, we discuss the AAA system for managing your cash flow. This system includes Awareness, Automation…
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ESPP: What should you do with your Employee Stock Purchase Plan?
Simply put, the Employee Stock Purchase Plan (ESPP) is an employer benefit that you should be taking advantage of. In this episode, we break down what an ESPP is and how you can take full advantage of it. We also answer the following questions at the end: - Should you sell right away or hold onto...
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Four Reasons Why You Should Make Roth Retirement Contributions
What are the benefits to a Roth retirement contribution versus a traditional? Should I be contributing to a Roth? What if my income is too high to qualify? These are the questions we address in this episode. Roth retirement contributions are essential to saving towards retirement while maximizing...
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Time IN the Market vs Timing the Market
Yesterday marked the one-year anniversary to the S&P 500's second-largest single-day drop of 12%. For all the downsides that Covid-19 has brought us, there has been plenty of upsides to being a long-term investor. In this episode, you'll hear about why it's so important to focus on your time IN…
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Interviewing Nick Reilly - Your Podcast Host
In today's episode, Paul takes the time to interview Nick Reilly, the founder of One Day Advice and the host of this podcast. You'll learn about his ups and downs navigating the financial services industry which ultimately led to him starting his own business. Nick also addresses his passion for...
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[Interview] Helping Clients Increase their Savings Rate through Financial Coaching (Ft. Vineet Prasad - Founder of Savings Academy)
Vineet Prasad is the founder of Savings Academy, a financial coaching company that helps tech professionals increase their savings rates and pay down debt. A positive savings rate is the cornerstone to building wealth, so we are very excited to share our interview with Vineet. We hope our…
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(Age-Based) Late Career / Pre-Retirement Households
When you're thinking about retiring you begin to realize that you will no longer be able to lean on your earned income. This new life stage involves transitioning into a new phase of dependence on your assets. No matter how well off you are, the decision to take the leap can bring a lot of…
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(Age-based) Mid-stage Career Households (~40's to early 50's)
Many people in the middle stage of their careers (~ 40's to early 50's) are in their peak income-earning years. They may also be making big career moves, buying real estate properties, planning sabbaticals, or raising a growing family. No matter your experience, more money brings greater...
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(Age-Based) Early Stage Career Individuals
Despite having the most wealth potential, people in the early stages of their career are often overlooked by the financial advising community. In this episode we address why this is the case, and why there are so many areas that a good advisor can provide value in for individuals in this age…
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Planning to buy a home?: Important things to consider before buying real estate.
The home buying process can be complicated, and mistakes can be costly. Whether you are looking to buy your first home or looking to buy additional property, you'll learn critical insights about the home buying process. We address high-level lender requirements, things you should think about…
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The F-Word (Fiduciary)
The word "Fiduciary" has become commonplace when looking for a financial advisor. In this episode, you'll find out what it means to be a fiduciary, and why you're actually more likely to encounter non-fiduciary financial advisors. You'll also learn the important differences between fee-only and...
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"True" Financial Planners Sell Advice, Not Products
Just as you wouldn't want a doctor to prescribe you a drug without truly knowing your situation and/or cause of illness, "true" financial planners shouldn't be prescribing/selling financial products without knowing the deeper needs and desires of their clients. In short, your advisor should be...
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The Wealth Journey
Mapping out personal finances by age can be misleading since everyone may enter stages of life at different ages, making it hard to relate to others in your age group. Everyone, however, experiences a wealth journey. In this episode, we discuss the stages of this wealth journey. Schedule your…
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Introduction: The One Day Advice Podcast
While helping you optimize your financial life, we will give you a fully transparent, behind the scenes look into the financial services industry. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit onedayadvice.substack.com
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ABOUT THIS SHOW
This podcast will give you a fully-transparent, behind-the-scenes look into the financial services industry. Helping you to optimize your personal finances along the way.One Day Advice seeks to empower consumers of financial advice with the knowledge and resources needed to navigate their financial lives while leveraging their time so they can get more out of life.
onedayadvice.substack.com
HOSTED BY
Nick Reilly, CFP® & CDAA™
CATEGORIES
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Frequently Asked Questions
How many episodes does One Day Advice Podcast have?
One Day Advice Podcast currently has 38 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is One Day Advice Podcast about?
This podcast will give you a fully-transparent, behind-the-scenes look into the financial services industry. Helping you to optimize your personal finances along the way.One Day Advice seeks to empower consumers of financial advice with the knowledge and resources needed to navigate their financial...
How often does One Day Advice Podcast release new episodes?
One Day Advice Podcast has 38 episodes. Check the episode list to see recent publication dates and frequency.
Where can I listen to One Day Advice Podcast?
You can listen to One Day Advice Podcast on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts One Day Advice Podcast?
One Day Advice Podcast is created and hosted by Nick Reilly, CFP® & CDAA™.
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