Ep 245: 26 Big Decisions for Wealth Growth

📘 Show Notes: 26 Big Decisions for Wealth Growth

Episode Title: 26 Big Decisions for Wealth Growth

Host: David Chudyk, CFP®

Podcast: The Weekly Wealth Podcast

🔥 Episode Overview

In this episode, David breaks down 26 powerful “big decisions” that can dramatically impact your wealth, business, lifestyle, and long-term financial freedom. Instead of tackling everything at once, David challenges listeners to choose one single decision to focus on in 2026—the one that will create a domino effect in every area of life.

This episode is perfect for business owners, high-income earners, and successful professionals who want clarity, momentum, and a more intentional wealth strategy.

🔢 Part 1: Quantitative Wealth Decisions (Numbers-Based Moves)

These decisions directly affect your net worth, profitability, tax efficiency, and financial structure.

1. Set a target net-worth growth rate for 2026
2. Focus on increasing business profitability (not just revenue)
3. Restructure your compensation for tax-efficient savings
4. Implement a formal owner-distribution strategy
5. Eliminate one major wealth-dragging liability
6. Reallocate your investments based on real risk capacity
7. Decide whether you will max out all available retirement plans
8. Build a profit reserve for your business (3+ months of expenses)
9. Complete your 2026 tax projection by March 1
10. Adopt a tax-efficient investment strategy
11. Diversify away from reliance on one major customer
12. Set a personal liquidity target ($50k–$100k+)
13. Align your insurance coverages with actual risk exposure

💡 Part 2: Qualitative Wealth Decisions (Life-Enhancing Choices)

These improve clarity, communication, organization, and long-term planning.

1. Create or update your Life & Wealth Master Plan
2. Start preparing early for your business exit strategy
3. Document your business’s standard operating procedures
4. Establish a quarterly financial review rhythm
5. Adopt a “documentation-first” financial habit
6. Strengthen financial communication with your spouse/partner
7. Build your Personal Board of Advisors (CPA, advisor, attorney, etc.)
8. Delegate/automate low-value tasks to reclaim high-value time

🌱 Part 3: Lifestyle, Legacy & Joy Decisions

Because wealth is meaningless if it doesn't improve life.

1. Spend intentionally on meaningful experiences
2. Design a generosity strategy (charitable giving, DAF, family giving traditions)
3. Update your estate plan to match your current wealth
4. Consider working with a personal CFO/financial advisor to coordinate everything
5. Choose your ONE big decision for 2026—and commit to it

🎧 Listener Challenge

David asks each listener to identify ONE decision from the list that will define their year.

Share it by leaving a voicemail at:

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