May 2023 – Wealth of Insight

5 Financial Concepts Your Kids Should Know (Ep.32)

By Wealth-of-Insight | May 23, 2023

It’s no secret that financial literacy is something that *isn’t* taught in school.

In this episode, Austyn welcomes Rick Gallacher, CFP®, CPA/PFS back onto the podcast to talk about five key financial principles that your kids should know. From interest to taxes, Austyn and Rick use real examples so you can teach your kids everything they need to know about money.

Austyn and Rick discuss:

Albert Einstein’s Eighth Wonder of the World.
How taxes can affect your investments.
The difference between investing and gambling.
A dollar today is worth less than a dollar tomorrow.
And more!

Connect with Austyn Whittenburg:

Connect with Rick Gallacher:

About our guest:

Rick has experience in the areas of financial modeling, asset allocation, investment selection, estate planning, personal risk management, holistic situation auditing, and personal financial reporting. As a licensed CPA, he has proficiency in understanding and applying analysis to the overall economy, capital markets, corporate fundamentals, personal taxation, and essential business law.

Rick is a highly organized, analytical, and detail-oriented individual. Through professional and personal experience, he has learned that complete and accurate data is important to make appropriate decisions. He follows this concept: theorizing before one has data inevitably causes one to twist facts to suit theories instead of theories to suit facts.

Rick, his wife Kate, and their daughters Remi and Addi live in Sandy, Utah, and love to travel. They have jokingly been told that their residence is more of a vacation home because it seems they are rarely there. Between them, Rick and Kate have traveled to 36 countries. Rick enjoys golfing, skiing, soccer, jet skiing, and being in the mountains. He’s been skydiving three times and has not broken a bone! Any time spent with family is time well spent for him.

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The Evolution of Money: From Corn to Cryptocurrency (Ep.31)

By Wealth-of-Insight | May 9, 2023

If you’ve been watching the news lately, there has been a lot of panic surrounding the US dollar.

In this episode, Austyn Whittenburg eases your mind about money by explaining the different scenarios we could face in the future. He addresses the recent events that could have an impact on the dollar and explains why there is no reason for immediate concern.

Austyn discusses:

The history of money – how it started and where it’s going.
America’s lead in the competition for “best” currency.
The two currencies that pose the biggest threat to the US dollar.
Why you won’t have to start a food reserve quite yet.
And more!