Welcome to this episode of "Virtual US Financial Advisor," where our host, Hannah Mitrea, engages in a conversation with Philip H. Weiss, CFA, CPA, RLP® & Founder of Apprise Wealth Management.

Our guest takes us from his early struggles with family finances to his dedication to helping others achieve financial security. He shares how personal challenges shaped his approach to wealth management, emphasizing the need for financial education and empowerment, particularly for women.

Phil breaks down the 50/30/20 rule, offering a simple yet effective framework for budgeting. But he doesn't stop there; he introduces us to the "EVOKE" method, a deeper dive into life planning that connects financial choices with personal fulfillment. The conversation then turns to the risks and rewards of investing, where Phil advocates for a balanced strategy that supports long-term goals.

The selection of a financial advisor is another key topic. Phil outlines what to look for in an advisor, stressing the importance of finding someone who truly understands your financial journey and aspirations. He also tackles the often-overlooked aspect of tax planning, highlighting strategies like Roth conversions that can make a significant impact over time.

Here are the top-must-listen takeaways from the episode:

(6:21) The 50/30/20 rule: Balancing needs, wants, and savings

(11:42) What does effective life planning entail

(14:32) The power of a vision statement

(21:29) How to incorporate your passions into financial planning

(22:36) The real cost of chasing the market in investments

(24:40) The kit for DIY financial management

(25:11) How to find a financial advisor you can trust

(29:36) Why start tax planning early in the year

Join us as Phil Weiss blends personal anecdotes with actionable financial advice, encouraging us to think critically about our financial paths. This episode is more than just tips on managing money; it's about aligning financial decisions with what matters most in life.

Ready to take control of your financial future with a new perspective? Tune in now!

About Phil Weiss

Phil Weiss, founder of Apprise Wealth Management, began his career in 1987 as a tax professional at Deloitte & Touche. With over 25 years in personal finance and investment management, he holds CFA, CPA, and RLP® credentials. Phil has contributed as a media spokesperson, written market commentaries, and frequently participates in podcasts. He blogs regularly for Apprise, focusing on long-term investment strategies. Phil launched his RIA to specialize in financial planning for women facing new beginnings. He holds a BS in Accounting from Rutgers University and studied Psychology at Duke University.

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Disclaimer:

The content has been made available for informational and educational purposes only. The content is not intended to be a substitute for professional investment, legal, or tax advice. Always seek the advice of your financial advisor or other qualified professionals with any questions you may have regarding your business or personal planning.