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Money Matters

Foundation Bank

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Learn more about the current economy and personal finance with Money Matters. Each week, President Chad P. Wilson CFP® of Foundation Bank provides a unique perspective, in layman’s terms, on economic trends and their implications for everyday financial decisions. Foundation Bank is a family owned community bank in West Tennessee. For more information visit foundationbank.org.
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Jake Of All Trades

Jake Nuno: Financial Advisor and Financial Guru

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Every week Jake Rivas, Financial Advisor To Millennials, will hit the streets, coffee shops, and restaurants to get raw feedback from YOU about the real financial obstacles you are facing today. Jake will help you take the guesswork out of managing your money choices while curating and sharing the best advice and insights into making smart money choices. Jakes Two Cents will help you navigate credit, financial debt, saving for the future, student loans, mortgages, travel, money, lifestyle, a ...
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The National Association of Realtors has made some changes which may encourage cooperative compensation agreements, and in turn affect how you may need to list your home. We also use March Madness as an example of how we can prepare generally for our financial future in this episode of the Money Matters Podcast, recorded by Chad P. Wilson of Founda…
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Would you like some ideas on how to protect your passwords, card numbers, and personal identity? In this week's episode, Chad unpacks some ideas that will help you better secure your most valuable assets. Today's episode was recorded by President Chad P. Wilson of McKenzie Banking Company / Foundation Bank on February 27, 2024.…
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Ever grappled with a financial decision that felt like a fork in the road of life? Join us, Jake and Kirk, as we recount tales that merge money with the heart, drawing wisdom from those who've walked the path before us. Today's episode is a deep dive into the shadows of sacrifice and regret—those moments when we choose between material wealth and t…
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We are living in the technological age. Every day we seem to read about some new advance in technology, some of which makes our mouths drop in awe, and some of which just cause us to yawn, some of which make us more productive, and some of which create distractions from the things that matter most in life. Explore the latest in technology in this e…
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Ever found yourself struggling to navigate the choppy waters of financial planning? You're not alone. In our latest podcast episode, we tackle the real-life conundrum faced by a Reddit user - the challenge of choosing between funding their Roth account or maintaining a whole life insurance policy amid the rising costs of a new home purchase. As you…
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Practical life lessons can often be learned from the media we read and watch every year. Join Chad as he discusses what can be learned from the Hunger Games in today's episode of the Money Matters podcast. This episode was recorded by President Chad P. Wilson of Foundation Bank / McKenzie Banking Company on January 16, 2024.…
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Are your finances and romance on speaking terms, or is it time they got relationship counseling? On the latest Jake of all Trades show, we grapple with the question that has couples scratching their heads: to merge or not to merge money? I, Jake Nuno, financial guru, and my co-host Kirk navigate the stormy seas of joint bank accounts and individual…
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Ready to uncover the secret pitfalls of financial decisions in marriage? We're pulling back the curtain and sharing real stories of monetary missteps that have rocked relationships. We don't just stop at the mistakes, though. We offer valuable insights and advice on how to avoid these blunders, whether you're single, engaged or already hitched. We'…
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Changes are coming to the housing market! Whether you are about to buy or sell a home or if you will not be in the market for a few more years, learn more about what changes could affect your experience in the real estate market. This episode of the Money Matters Podcast was recorded by President Chad P. Wilson of McKenzie Banking Company / Foundat…
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Could the American real estate market be on the brink of catastrophe? That's what an intriguing Wall Street Journal article suggests and today we're breaking it down for you. We're delving into the foreboding concept of a 'real estate doom loop' and the potential threat it poses to our banking system. Exploring the unique application of a doom loop…
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Imagine if your mortgage, that debt you've been conditioned to fear, was actually a step towards financial freedom? That's the provocative idea we tackle in today's episode as we challenge the conventional wisdom surrounding debt. We share personal anecdotes of navigating the complexities of owning an appreciating asset and the benefits of tax dedu…
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Have you ever wondered where the US economy stands in terms of consumer debt? Let's explore together the alarming trends piling up around us. Kirk and I, Jacob, take a deep look into a stark report from JP Morgan which highlights the rising consumer debt, a ticking time bomb that could potentially blow up the American economy. We examine how this i…
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Ready to challenge your traditional beliefs about money? Join Kirk and me as we dissect the morality of money, sparking thought-provoking conversations about wealth, values, and honor. We delve into influential perspectives from Andrew Carnegie's 'The Gospel of Wealth', Ayn Rand's 'The Money Speech', and Francisco d'Anconia's 'The Money Speech', re…
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Harness the power of provocative thinking as we journey into the persuasive minds of two towering figures, Andrew Carnegie and Ayn Rand. We promise to give you a new perspective on their philosophies about wealth and money, and how these radical ideas continue to shape societal expectations. This promises to be more than just a discussion; this is …
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There are many apps that helps us to organize our financial lives. Nevertheless, there are simple mental shifts that can help you rethink the way you are spending money so that you aren’t wasting it. *“Tax preparation, planning, IRS representation, and business valuation services offered through iFile Tax Planning and Preparation Services are separ…
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In a recent episode of the "Jack of All Trades" podcast, host Jake Nuno delved into the subject of passive income from rental properties, a topic currently gaining traction, especially among young professionals. While low mortgage rates until 2022 made owning multiple properties seem appealing, rising rates are beginning to change that narrative. J…
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A Houston-based landlord has reduced their portfolio of rental units from 7,000 to 3,000 in a relatively short period of time. This raises the question of whether this is indicative of a larger problem. Tune in to Jake and Kirk's discussion to learn more. *“Tax preparation, planning, IRS representation, and business valuation services offered throu…
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What can you do to maximizing your money and financial future if you are single? There are many tax advantages as well as planning advantages to having two incoomes. Today Jake and Kirk discuss single life and how to improve your finances. *“Tax preparation, planning, IRS representation, and business valuation services offered through iFile Tax Pla…
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The Debt ceiling has been raised and you’ll likely have to make some changes to your financial planning. On this episode we have added a new segment: Money Monologue with Jake Nuno. He will teach a financial concept each week in a short talk. This week he will discuss how media effects your financial biases. *“Tax preparation, planning, IRS represe…
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Jake and Kirk believe in the power of financial literacy in building happy and fulfilled lives. On this episode they discuss some methods and techniques for teaching children about financial literacy at a young age. They break this down into ages as young as 6 years old and on up to high school age. *“Tax preparation, planning, IRS representation, …
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Will we ever get back to pre-Covid normal? In this week's episode, Chad P. Wilson will answer this question, as well as give an update on the latest inflation numbers and whether the Fed will raise rates again in their meeting this week. This episode was recorded by President Chad P. Wilson of McKenzie Banking Company / Foundation Bank on June 13, …
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Unfortunately, many small businesses with surprised on April 18th, Tax Day, when they discovered some hefty additional taxes. For 2022, it may be too late to alter your taxes (though you should speak to a tax professional to make certain). However, these tax changes can affect you for 2023. You should be taking steps to reduce your tax burden durin…
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Jake and Kirk discuss the banking crisis and give 5 specific steps to consider amidst this particular crisis and other potential ones in the future. *“Tax preparation, planning, IRS representation, and business valuation services offered through iFile Tax Planning and Preparation Services are separate and unrelated to Commonwealth.” Have questions …
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How can you know if the life insurance through your work is sufficient for your needs? On this episode Jake and Kirk discuss ways to think through what is a proper life insurance for you. This of course differs for everyone. But there are helpful principles. *“Tax preparation, planning, IRS representation, and business valuation services offered th…
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With cost of living expenses rises and incomes not necessarily meeting those costs, people are having difficult conversations about their finances. One question financial advisors get during times like this is about opting out of one’s pension plan in order to meet the rising costs. On this episode Jake and Kirk discuss this issue and what can be d…
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Is the dollar going the way of the dinosaur? Many are questioning if the US dollar is going to be replaced as the world currency in the near future. Join Chad in this week's episode of the "Money Matters" as he discusses what other options are available and what he believes will happen. This week's episode was recorded by President Chad P. Wilson o…
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On this episode Jake and Kirk talk to Yuri Elkaim, a best selling author and business coach. Yuri was a professional soccer player who became a bestselling author by simplifying the complexities of health choices. We discuss his unique journey as well as his methods for business and financial success. Have questions about managing your financial li…
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