Uncommon Wealth Partners

Start prioritizing your financial future today! By adopting a mindset of saving first, you can build a foundation for long-term success and financial freedom. 📈💰

Check out our new episode out this week, Failing Up, where we discuss how failure has played a critical role in shaping our lives and careers. Where has a perceived "failure" been one of the best things to ever happen to you?

thankful for our clients, our freedom and our country!

spent some time last week at Senior Games!
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What is Affiliate Marketing? For a long time, we had heard about affiliate marketing but were a little fuzzy on the details. We understood the basics, but how do you get into it? How do you promote other people’s products and get paid for it? As we began to develop our 7 Sources of Residual Income we became much more familiar with the ins and outs of affiliate marketing. So how does it work and how can you get into it?

Affiliate marketing is a marketing arrangement by which an online retailer pays commission to individuals or companies who promote their product or service. It is a way for a company to sell its products by signing up individuals or companies ("affiliates") who market the company's products for a commission. For people who are naturally good at sales, it can be an excellent source of residual income.

Let us walk you through an example using one of the subscription models from a previous post.

Using the membership website model, let’s say you subscribe to a

What is Affiliate Marketing? - Uncommon Wealth Partners For a long time, we had heard about affiliate marketing but were a little fuzzy on the details. We understood the basics, but how do you get into it? How do you promote other people’s products and get paid for it? As we began to develop our 7 Sources of…

College and Adulthood Planning – Traditional IRA or Minor Roth IRA As a retirement savings vehicle, almost everyone has at least one IRA. And the Roth IRA has become a very popular option when it comes to planning for your children’s future. Let’s take a closer look at how to use these products to the best advantage for college and adulthood planning for your kids.

We’re looking at Traditional IRAs and Minor (or Custodial) Roth IRAs as part of a series of articles to help you plan for your children’s education and/or other paths they choose as they enter adulthood. For an overview of the series, click HERE.

Traditional and Roth IRAs are so popular because they offer several benefits not just when it comes to saving for retirement, but educational expenses too. Let’s take a look at both and see which, if either, might be right for you to leverage on behalf of your children’s future.

Traditional IRA

We all know about early withdrawal penalties when it comes to IRAs, but

College and Adulthood Planning – Traditional IRA or Minor Roth IRA - Uncommon Wealth Partners As a retirement savings vehicle, almost everyone has at least one IRA. And the Roth IRA has become a very popular option when it comes to planning for your children’s future. Let’s take a closer look at how to use these products to the best advantage for college and adulthood…

Retirement Planning – Safe Harbor 401K Among the many plans, we help clients with, the safe harbor 401(k) is the most popular plan for small businesses. There are several reasons for this, including generous contribution limits and profit-sharing options. Let’s take a closer look at how the safe harbor 401(k) works.

To achieve safe harbor status, a 401(k) plan needs to meet certain contribution and participant disclosure requirements.

According to the IRS:

“Employers sponsoring safe harbor 401(k) plans must satisfy certain notice requirements. The notice requirements are satisfied if each eligible employee for the plan year is given written notice of the employee's rights and obligations under the plan and the notice satisfies the content and timing requirements.”

“In order to satisfy the content requirement, the notice must describe the safe harbor method in use, how eligible employees make elections, any other plans involved, etc.”

ERISA laws require that safe

Retirement Planning - Safe Harbor 401K - Uncommon Wealth Partners Among the many plans, we help clients with, the safe harbor 401(k) is the most popular plan for small businesses. There are several reasons for this, including generous contribution limits and profit-sharing options. Let’s take a closer look at how the safe harbor 401(k) works. To achieve safe har...

A case study in real estate In the old days (the 1980’s), we didn’t have social media - Facebook, LinkedIn, and Twitter or cell phones, let alone smartphones. We didn’t have a lot of the things that connect us today that most of us just take for granted. Back then, when the idea of buying or selling a home came up, no one really even considered doing it yourself because how would you know where to look, what to look for or how would you figure out much your home was worth? Data and information was valuable and the real estate agents had it.

Now, things couldn't be more different. We have Zillow, HGTV, County Assessor’s pages, FSBO, Trulia, and many more ways to connect and gather information when you want to buy or sell a home. Recently, Phillip sold his house. He did it in a way that we had talked about with clients because frankly, it was time to eat our own cooking. Phillip and his wife got their home ready to sell, she went on vacation and he was tasked with selling

A case study in real estate - Uncommon Wealth Partners In the old days (the 1980’s), we didn’t have social media - Facebook, LinkedIn, and Twitter or cell phones, let alone smartphones. We didn’t have a lot of the things that connect us today that most of us just take for granted. Back then, when the idea of buying or…

Why I Still Love Business Models As a kid growing up I loved Legos and working to make the pieces fit together like the picture on the box. Then I got into model cars and putting those together as I dreamed of owning and driving my first Porsche.

Business is based on models, so as an adult, I am happy to explore the world of business models on an ever deeper level. I think a large part of why we built Uncommon Wealth and focused on the 7 Sources of Residual Income is related to business models. There are so many ways to structure a business, package a product, and make money – so many models!

Maybe you are locked into one business model based on the industry you are in. At Uncommon Wealth Partners, Phillip and I have been challenging the traditional financial advisor model. We don’t want to lock people’s money into complex products or strategies that they cannot touch for decades at a time. We want people to have control of their money, to invest in themselves, and to grow

Why I Still Love Business Models - Uncommon Wealth Partners As a kid growing up I loved Legos and working to make the pieces fit together like the picture on the box. Then I got into model cars and putting those together as I dreamed of owning and driving my first Porsche. Business is based on models, so as an…

College and Adulthood Planning – Mentorship & Coaching As parents, most of us have kids that participate in extra-curricular activities whether its soccer, band, gymnastics, drama or anything in between. In all of those activities our kids have a coach; someone who is teaching them and guiding them toward mastery of that activity.

But something is missing from this picture of teaching and guiding and that is encouraging mastery of personal finance, and we would add entrepreneurship. There is plenty we could be teaching our kids about entrepreneurship beyond the lemonade stand. But how do we do that?

In our College and Adulthood Planning series of articles, the focus has been on preparing kids for college and adulthood. The default position for encouraging kids too often stops with going to college and getting a job. What if, in addition to that, we taught about how to get money to work for our kids and how to create something from scratch, in other words, how to manage money and to

College and Adulthood Planning – Mentorship & Coaching - Uncommon Wealth Partners As parents, most of us have kids that participate in extra-curricular activities whether its soccer, band, gymnastics, drama or anything in between. In all of those activities our kids have a coach; someone who is teaching them and guiding them toward mastery of that activity. But something is missi...

Give Me Three Months
Is this really going to work? Pursuing your passion and turning it into a way of life sounds great, but it inevitably leads you to the last final leap, the point where the reality of risk and potential of reward meet in the air as you spring forward. It can be intimidating! But just like Amanda and Aunica, owners of Premiere Dance Project, you come to learn that the leap is always progress, and having a friend to push you along comes with both its lessons and its blessings. But you’ll never know unless you take the leap and, like these young entrepreneurs, see if three months can change your life.

This week we talk with Amanda and Aunica about how the Premiere Dance Project studio came to be, what services they offer, and the obstacles they faced in bringing their dream to life. Also, staying firm in the face of criticism, the perseverance needed to work through the growing pains of a young business and partnership, and how getting an outside perspective

Give Me Three Months - Uncommon Wealth Partners Is this really going to work? Pursuing your passion and turning it into a way of life sounds great, but it inevitably leads you to the last final leap, the point where the reality of risk and potential of reward meet in the air as you spring forward. It can…

Investing the Uncommon Way There are so many different ways to invest. When we talk about investments, it’s not just stocks, bonds, and mutual funds, although those can be a part of the picture, but not the whole picture if you want to invest the uncommon way.

Investing the uncommon way brings the 7 Sources of Residual Income into play. Once you’ve developed a budget and a savings plan, we want you to use as many of these sources as makes sense to help you go from zero to sixty when it comes to building wealth.

When clients work with us personally, we help them understand these potential sources of income and develop plans based on their experience, capital, and passion.

The common way of investment means putting your money in the stock market. The uncommon path, and what we are inviting people to do, is to invest in yourself – your passions and your expertise.

Here is a brief rundown of the 7 Sources of Residual Income. For a more detailed description, click here.

1.

Investing the Uncommon Way - Uncommon Wealth Partners There are so many different ways to invest. When we talk about investments, it’s not just stocks, bonds, and mutual funds, although those can be a part of the picture, but not the whole picture if you want to invest the uncommon way. Investing the uncommon way brings the 7…

Bear Hunt: A Journey of Self-Discovery and Transformation
Welcome to another episode of the Uncommon Wealth podcast. Today, we have a very special guest, Brad Moeckley, who recently embarked on a life-changing journey that pushed him out of his comfort zone and led to a profound transformation. In this thought-provoking article, we will delve into Brad's experience and explore the themes of self-discovery, resilience, and the power of stepping outside of one's comfort zone.

Introduction: Seeking Change and Finding Purpose

In life, it is easy to fall into a routine and become complacent. We often find ourselves going through the motions, feeling disconnected and unfulfilled. This was the case for Brad Moeckley, a farmer who had spent his entire life in rural Iowa. As the world around him changed and he felt increasingly isolated, Brad began to question his purpose and his relationship with God. Seeking a radical change, he embarked on a bear hunt in Alaska, a journey that would

Bear Hunt: A Journey of Self-Discovery and Transformation - Uncommon Wealth Partners Welcome to another episode of the Uncommon Wealth podcast. Today, we have a very special guest, Brad Moeckley, who recently embarked on a life-changing journey that pushed him out of his comfort zone and led to a profound transformation. In this thought-provoking article, we will delve into Brad's e...

Dreaming, Thinking and Doing Big Things with Mitch Matthews Getting from dream to reality is hard work. Sometimes just getting clear on what the dream is can be a challenge, much less making that dream come true.

On this episode of the Uncommon Life Project Podcast, hosts Phillip Ramsey and Bryan Dewhurst talk with Mitch Matthews.

This episode has the feel of listening in on a mastermind gathering between 3 colleagues who know, appreciate, and trust each other. Mitch Matthews is not about platitudes or empty rhetoric. He is always researching and then teaching how people can dream big, think things through, and do more of what they are meant to do on this planet.

Mitch Matthews is a keynote speaker, success coach and best-selling author. He’s become a well-respected thought leader on coaching and work-place mentoring. Plus, he has created a coach-training program that has been utilized around the globe.

You can listen to Mitch on his popular weekly podcast called, “DREAM.

Dreaming, Thinking and Doing Big Things with Mitch Matthews - Uncommon Wealth Partners Getting from dream to reality is hard work. Sometimes just getting clear on what the dream is can be a challenge, much less making that dream come true. On this episode of the Uncommon Life Project Podcast, hosts Phillip Ramsey and Bryan Dewhurst talk with Mitch Matthews. This episode has…

right message right people Some of the best wisdom in my life has come from learning things the hard way - looking back and realizing what I wish I would have done differently. This one piece of advice is coming from personal experience and something that I would tell any new business owner trying to get their business off the ground. It is very simple, but it has made all the difference in our business at Uncommon Wealth.

So what is this one piece of advice? Hire a marketer. Not just any marketer, but one who understands your company, cares about your success and is willing to meet you where you are at.

There are two big reasons to hire a marketer (sooner rather than later):

They help you tailor your message to fit your business. Not every business is the same, and even if your company offers the same services as the next company, the way you craft your message makes all the difference. A good marketer will help you craft your message in such a way as to give you the

right message right people - Uncommon Wealth Partners Some of the best wisdom in my life has come from learning things the hard way - looking back and realizing what I wish I would have done differently. This one piece of advice is coming from personal experience and something that I would tell any new business owner trying…

Stop Iterating and Start Harvesting We have the good fortune of working with some amazing farm families as clients. It’s always a privilege to meet with them and learn about their operation, whether they are just starting out or have had the farm in their family for generations. I can’t think of anything that requires more discipline, faith, and hard work. It’s a world full of challenges most of us can’t even dream of, with a lot that can go wrong on the way to harvest, from weather to commodity price fluctuations. Farming is a business and with all businesses, with risks come rewards. It can be extremely satisfying to have such a direct connection between your hard work and the results - the harvest.

The business world has a lot to learn from how farming revolves so closely around the harvest. The crop cycle does not work according to our timetables. Harvest happens when and only if the crop is ready. Try to bring the crop in too soon or too late and you run into trouble. But

Stop Iterating and Start Harvesting - Uncommon Wealth Partners We have the good fortune of working with some amazing farm families as clients. It’s always a privilege to meet with them and learn about their operation, whether they are just starting out or have had the farm in their family for generations. I can’t think of anything that requires…

The Blending
Often the most poignant pictures of grace are those that are present against the odds, the whole shining brighter than the wary and cautious shadows that sometimes color the individual parts. Blended families are such a grace, a beautiful picture of hope and new beginnings even with the realities of the past ever present. But as you would expect, or perhaps have experienced, the challenges of merging lives together is not a simple nor predictable one.

This week, we talked with Mike and Kim, coaches who specialize in helping struggling yet motivated couples navigate the complexities of blended or step-families, helping them gain clarity about the issues and lead their homes confidently using practical strategies so that they can experience greater connection and peace. We’ll learn about Mike and Kim’s own personal journey with a blended family and how they navigated what it looks like to love, parent, and grow in unity even when they don’t always agree. Plus,

The Blending - Uncommon Wealth Partners Often the most poignant pictures of grace are those that are present against the odds, the whole shining brighter than the wary and cautious shadows that sometimes color the individual parts. Blended families are such a grace, a beautiful picture of hope and new beginnings even with the realities of...

Is Your Company Sitting on Excess Cash? It seems like a great problem to have: business is going well and you have built up solid cash reserves. The ideal is to maintain liquidity, but also generate some yield on that money. It’s great that it is there, but you also want to put it to work for your business in a way that is accessible and avoids unnecessary risk.

You don’t want to take your eye off the main focus of your business, but you’ve got to manage the assets your business has built up. The big question is ... how?

For multi-national corporations, they have an entire department devoted to this cash on hand. This unique role is called Corporate Treasury.

This is the beginning of a series of articles we wanted to share with you about the role of Treasury and how small and mid-sized companies can use the same principles used by enterprise-level treasury departments.

Here are a few strategies we’d like to explore and delve into to help you understand your options for

Is Your Company Sitting on Excess Cash? - Uncommon Wealth Partners It seems like a great problem to have: business is going well and you have built up solid cash reserves. The ideal is to maintain liquidity, but also generate some yield on that money. It’s great that it is there, but you also want to put it to work for…

Introducing Simple Steps
You don’t always have 30 minutes to invest in a podcast and, although we like a deeper conversation as much as the next guy, we want to be in on the short and sweet option as well. This week we’re introducing simple steps, a new recurring format where we focus on one simple step you can take to be uncommon. We’ll try to keep it around five minutes so you can get in, get out, and get on with taking the road less traveled

Introducing Simple Steps - Uncommon Wealth Partners You don’t always have 30 minutes to invest in a podcast and, although we like a deeper conversation as much as the next guy, we want to be in on the short and sweet option as well. This week we’re introducing simple steps, a new recurring format where we focus…

Marriage and Finances It is said that the number one reason people get divorced is communication or the lack of it. Also ranking high on the list is finances. And the number one thing that hurts your finances is a divorce.

So, being able to communicate about your finances in a marriage is pretty important but let’s be honest, that's not always easy. In most marriages, opposites attract. Normally, it seems like one person in the relationship is more of the spender and the other is more of a saver. As you can probably imagine this causes some tension in a marriage. One person wants to go to Italy for ten days, while the other doesn’t even want to go to the Olive Garden for dinner. That might sound extreme, but there are couples out there who are that opposite.

I am not sure where you are in your marriage, but there is always room to improve your communication skills as well as your financial plan. Here is an analogy that I have found helpful when dealing with marriages that are

Marriage and Finances - Uncommon Wealth Partners It is said that the number one reason people get divorced is communication or the lack of it. Also ranking high on the list is finances. And the number one thing that hurts your finances is a divorce. So, being able to communicate about your finances in a marriage is…

The importance of a customized plan We are all individuals and we all have our own wants and needs. One of the most important questions financial advisors should be asking is, “What is your definition of success?” Whatever answer comes out of a person’s mouth after that should be one of the most valuable things that person can say during the whole meeting. No matter what that answer is, it is now our job as an advisor to help them achieve their goal. We have heard some crazy definitions of success over the years, and we have tried to figure out how to achieve them all.

People ask us from time to time who our favorite client is to work with. It’s usually not the people who have the most money, but the people who know what they want and are willing to make changes in order to achieve their goal. If you want the best results with most anything in life, you have to be willing to ask for help, look at things differently and have laser focus.

It is our feeling that the normal

The importance of a customized plan - Uncommon Wealth Partners We are all individuals and we all have our own wants and needs. One of the most important questions financial advisors should be asking is, “What is your definition of success?” Whatever answer comes out of a person’s mouth after that should be one of the most valuable things that…