CPA Rachel Farris joins us to talk about how you can benefits from Puerto Rico’s Act 60 tax incentives by becoming bona fide residents of the island. Rachel explains how the program was created to attract capital and talent to Puerto Rico, the rules around residency and post-move appreciation, and the common pitfalls people face when trying to qualify.

She also discusses lifestyle differences, cost of living, and more, as the Act requires genuine relocation and compliance with IRS rules to be done correctly.

We discuss...

• Rachel Farris explains Puerto Rico’s Act 60 tax incentives and how they allow U.S. citizens to pay 0% on capital gains, interest, and dividends.
• The program offers a 4% corporate tax rate for businesses relocated to Puerto Rico.
• Rachel details the legal requirements for becoming a bona fide Puerto Rican resident.
• The conversation covers the importance of distinguishing pre-move and post-move capital gains for tax purposes.
• Kirk and Rachel discuss common pitfalls people face when trying to qualify for Act 60 benefits.
• They explore how Act 60 was designed to attract capital, entrepreneurs, and skilled professionals to Puerto Rico.
• Rachel outlines lifestyle differences between the mainland U.S. and Puerto Rico.
• The discussion includes the island’s cost of living, housing options, and healthcare quality.
• Education systems and family considerations for those relocating are reviewed.
• Rachel emphasizes the need for real relocation and compliance with IRS residency rules.
• They touch on hurricane preparedness and infrastructure realities of island living.
• The episode concludes with insights on how to properly structure a business move to maximize Act 60’s benefits.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Douglas Heagren | Mergent College Advisors

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For more information, visit the show notes at https://moneytreepodcast.com/puerto-ricos-act-60-rachel-farris-758

Today we dive into earnings season investing secrets. Learn the investing secrets that will grow your wealth as we dive into market analysis highlighting accounting red flags and potential overvaluation risks. Financial engineering often signals late-cycle behavior recessions, though unpopular, are necessary to clear economic “dead wood.”

We also examined current earnings trends in the financial sector, technical market patterns like resistance and support levels in small caps and metals, and the importance of balancing fundamental and technical analysis. We also talk investor psychology—how emotion, bias, and sentiment often drive poor timing and decision-making in markets.

We discuss...

• The Kolbe test, which measures instinctive strengths and natural problem-solving styles rather than personality or intelligence.
• Businesses use Kolbe results to build better teams by pairing complementary working styles.
• We also talked current market conditions, drawing comparisons between today’s tech boom and the late-1990s dot-com bubble.
• How Nvidia’s vendor financing arrangements resemble accounting maneuvers from the dot-com era, raising concerns about inflated revenues and future write-down risks.
• The hosts noted signs of late-cycle behavior in markets, including excessive optimism, overleveraged valuations, and creative corporate accounting.
• Recessions serve an essential economic function by clearing out inefficiencies and “dead wood,” creating healthier long-term growth.
• A segment focused on earnings season, particularly the uneven performance in the financial sector and what it signals about underlying economic momentum.
• We analyzed technical market patterns, such as key resistance and support levels in small-cap indexes and precious metals.
• How gold and silver might act as contrarian signals or safe havens amid market uncertainty.
• The discussion emphasized the interplay between fundamental and technical analysis, stressing that investors should use both to form a complete market view.
• They highlighted the danger of emotional decision-making, noting that fear and greed often lead investors to buy high and sell low.
• The episode closed by underscoring the importance of maintaining discipline and objectivity, especially during euphoric or panic-driven market phases.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Phil Weiss | Apprise Wealth Management

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For more information, visit the show notes at https://moneytreepodcast.com/earnings-season-investing-secrets

As a college planning expert, Jack Wang breaks down major changes coming to college financial aid under the new “big, beautiful bill.” Jack explains how new borrowing limits for parents and graduate students could upend traditional funding strategies and push more families toward the private loan market. He shares insights on how colleges decide who gets aid—revealing the “moneyball” game of enrollment management—and why being wanted by a school matters more than just being accepted. Jack offers practical advice on how families can spend less on college by targeting schools that align with their financial and academic profiles.

We discuss...

• Jack Wang explains how his personal experience navigating college costs during a divorce inspired him to become an expert in college financial aid planning.
• He discusses the new “big, beautiful bill,” which introduces sweeping changes to college funding and borrowing rules beginning in 2026.
• Parent PLUS loans will soon be limited to $20,000 per year and $65,000 total, ending the previous system of virtually unlimited borrowing.
• Many families focus on helping their child get accepted into college without understanding how they will actually afford it afterward.
• Jack encourages families to prioritize schools that offer the most generous financial aid rather than chasing prestige or name recognition.
• He clarifies that financial aid isn’t just for low-income families—colleges often give significant aid to higher-income households if the student fits their goals.
• Colleges operate like businesses using “enrollment management,” a strategy to attract certain types of students who align with institutional priorities.
• Jack explains that being wanted by a college often leads to larger scholarships than simply being accepted.
• Signs a school may want your student include launching new majors, building new facilities, or heavily recruiting from your region.
• Families should be cautious about applying to overcrowded majors like business, which typically receive less financial aid because demand is already high.
• Understanding each college’s scholarship policies and true costs upfront helps families make smarter, more affordable decisions.
• Jack stresses that financial planning should begin as early as freshman year of high school, since aid decisions rely on sophomore-year tax data.
• Visiting campuses and showing consistent interest can improve a student’s appeal and increase their chances of receiving aid.
• He concludes that families will either spend the time planning early or spend far more money later if they fail to prepare.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Phil Weiss | Apprise Wealth Management
• Douglas Heagren | Mergent College Advisors

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For more information, visit the show notes at https://moneytreepodcast.com/college-planning-strategies-756