Podcast
The Practical Wealth Show
Hosted by Curtis May · EN
The Practical Wealth Podcast is for people who want to take control of their finances today. Curtis May is part of the Prosperity Economics movement and is dedicated to breaking down each client's unique financial situation so they can rebuild it to fit their ideal lifestyle.
23episodes
Episodes
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Your Network Is Your Net Worth: How Relationships Create Opportunity with Guy Dunn
2w ago00:57:04Tap to summarizeYour Network Is Your Net Worth: How Relationships Create Opportunity with Guy Dunn What if your greatest asset isn't your money, your business, or your investments? What if it's your relationships? In this episode of The Practical Wealth Show, Curtis May sits down with entrepreneur, speaker, networking expert, and author Guy Dunn to discuss why networking remains one of the most valuable wealth-building skills in business. Guy shares lessons from more than three decades as an entrepreneur and explains how strategic relationships helped him build multiple businesses across industries. He also discusses his newly updated book, Networking for Business 2025: Contacts + Opportunity = Success. Topics Discussed: • Why networking is still the highest ROI marketing strategy • The difference between collecting contacts and building relationships • How to become a valuable resource in your network • Why follow-up is where most people fail • Strategic alliances versus cold prospecting • How entrepreneurs can create opportunities through relationships • Why young people should learn networking before entering the workforce • The connection between social capital and financial capital Resources: Guy Dunn https://ideaguybrands.com/ Networking for Business 2025: Contacts + Opportunity = Success https://ideaguybrands.com/ Book a Financial Freedom Session with Curtis May https://practicalwealth.net/FreedomSession Connect with Curtis: Website: https://practicalwealth.net Podcast: The Practical Wealth Show LinkedIn: Curtis May Instagram:@practicalwealthadvisor
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Why Revenue Alone Will Not Make You Wealthy
3w ago01:02:14Tap to summarizeA business can have revenue, clients, employees, and status and still be financially unhealthy. In this episode of The Practical Wealth Show, Curtis May sits down with Rachid M. J. Barry, Founder and CEO of RMJ Consultant, for a powerful conversation on why revenue is not wealth. Many business owners and high-income earners look successful on paper but are quietly losing money through poor tax planning, messy books, weak entity structure, bad debt, over-withholding, and a lack of financial coordination. Curtis and Rachid discuss why business owners need more than a once-a-year tax preparer. They need a coordinated team that understands taxes, cash flow, bookkeeping, protection, liquidity, and long-term wealth strategy. Rachid brings his expertise in tax planning, tax resolution, accounting, bookkeeping, CFO services, and business strategy. Curtis brings his focus on cash flow control, liquidity, protection, debt-to-capital strategy, and the Money 4 Life Operating System. Together, they unpack how entrepreneurs can stop asking, "Where did my money go?" and start telling their money where to go. Key Topics Covered Why revenue is not the same thing as wealth The difference between tax preparation and tax planning Why talking to your accountant only during tax season is too late How messy bookkeeping creates poor business decisions Why taxes may be one of the largest wealth transfers in a business owner's life The importance of quarterly financial review Legal tax avoidance versus illegal tax evasion Why W-2 high earners may still need tax strategy Common "silent leaks" in small businesses Entity structure, S Corps, C Corps, and business tax planning Low-hanging tax strategies such as accountable plans, hiring children, business travel, and the Augusta Rule Why your financial life should be treated as one ecosystem How tax strategy and cash flow strategy work together Why business owners need advisors who communicate with each other Best Quote Themes From the Episode "Revenue is not wealth." "Tax preparation records history. Tax planning looks through the windshield." "If you only talk to your accountant during tax season, there is not much planning left to do." "Your financial life is not a collection of separate problems. It is one ecosystem." "Business is a team sport." "The goal is not just to make more money. The goal is to keep, control, and multiply what you earn." "Once money leaves your hands unnecessarily, it stops working for you." Learn more about Curtis May and Practical Wealth: LINK Learn more about Rachid Barry and RMJ Consultant: LINK
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Protect It Before You Lose It: Trusts, LLCs, Lawsuits, Divorce, and the Asset Protection Moves Business Owners Miss
3w ago00:51:40Tap to summarizeMost people focus on making money, investing money, and reducing taxes. But very few stop to ask a more dangerous question: Can someone take this from me? In this episode of The Practical Wealth Show, Curtis May sits down with Mark Pierce, a trust and LLC attorney with more than 42 years of experience in asset protection, complex tax planning, and estate preservation strategies. Mark is the founding attorney of Wyoming Trust Attorney and works with families, business owners, professionals, and high-net-worth individuals to help structure wealth so it is better protected from creditors, lawsuits, divorce, and other threats. What makes Mark's perspective unique is that he has seen asset protection from both sides. Earlier in his career, he served as a bankruptcy trustee, where his job was to attack weak structures and recover assets for creditors. Today, he uses that experience to help clients build protection designed to hold up under pressure. In this conversation, Curtis and Mark discuss: Why making money is only half the job The difference between a revocable living trust and an asset protection trust Why LLCs alone may not be enough How insurance, trusts, and legal structures work together Why timing matters in asset protection What "too late" really means when a lawsuit or creditor issue appears Why business owners, doctors, dentists, and real estate investors need to think differently about risk How family wealth can be exposed through divorce, poor planning, or lack of structure Why Wyoming is often used for domestic asset protection planning Why your wealth protection team should include more than one advisor This episode is not legal advice. It is a practical conversation designed to help business owners and families ask better questions before life, lawsuits, creditors, divorce, or business risk put their wealth under pressure. Guest: Mark Pierce Wyoming Trust Attorney Website: WyomingTrustAttorney.com Complimentary consultation link: https://wyomingtrustattorney.com/ Host: Curtis May Practical Wealth Solutions Website: PracticalWealth.net
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Why Most High-Income Families Stay Broke: The Cash Flow Problem Nobody Talks About
Jun 1800:49:03Tap to summarizeMost people believe wealth comes from earning more money. Brock Fortner believes wealth comes from something entirely different: free cash flow. In this episode of The Practical Wealth Show, Curtis May and Brock Fortner dive deep into the hidden reason many six-figure earners still feel financially stressed despite making great incomes. You'll discover: • Why income alone does not create wealth • The difference between being wealthy and simply having a high income • Why most budgets fail • How lifestyle creep quietly destroys financial progress • The importance of separating income from spending • How real estate investors think differently about cash flow • Why cash flow is the fuel behind Infinite Banking and long-term wealth creation • The framework Brock uses to help families gain control of their money and build financial freedom If you've ever asked yourself, "Where did my money go?" this episode is for you. Resources Mentioned: Financial Readiness Assessment: ASSESSMENT LINK Schedule a Cash Flow Strategy Call: CURRENCE LINK Learn More: https://www.practicalwealth.net/
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The 4 Stages of Whole Life Insurance: From Saver to Infinite Banker
Jun 1100:24:50Tap to summarizeMost people misunderstand whole life insurance because they look at it as a product instead of a system. In this Practical Wealth Study Group, Curtis May breaks down the Four Stages of Whole Life Insurance, also known inside the Money4Life Blueprint as the Private Reserve Strategy. This is not about chasing rates of return. This is about control, liquidity, certainty, and building a personal economy where your money keeps working inside your system instead of constantly leaving to banks, lenders, credit cards, and financial institutions. Curtis walks through the Money4Life Framework: Earn it. Bank it. Borrow it. Spend it. Repay it. Repeat. You'll learn how whole life insurance can function as a foundational asset, why premium should be viewed as a capital flow instead of an expense, and how families and business owners can begin using their policies to recapture debt, build liquidity, and eventually finance opportunities. This conversation covers: Why whole life insurance is not an investment account The economic value of certainty The crisis of financial control Why liquidity matters more than rate of return How to calculate your burn rate Why you must capitalize before you invest The difference between being a saver, wealth builder, business banker, and infinite banker How to stop giving interest away to strangers Why banking is a process of becoming, not a product you buy The goal is not just to own a policy. The goal is to become the banker. Visit PracticalWealth.net to take the Financial Freedom Assessment and learn more about the Money4Life Blueprint. 00:00 – Welcome to Practical Wealth Study Group 00:19 – The Four Stages of Whole Life and IBC 01:00 – Whole Life Is Not an Investment Account 01:45 – The Economic Value of Certainty 02:30 – Whole Life as a Foundational Asset 03:10 – The Money4Life Framework: Earn It, Bank It, Borrow It 04:20 – Why Banking Means Control of Capital 05:30 – The Crisis of Control 06:15 – Stop Giving Away the Banking Function 07:00 – The Maturity Matrix: Where Do You Stand? 08:00 – Stage 1: The Saver 09:20 – You Can't Invest Until You Capitalize 10:30 – Contract Wealth vs. Statement Wealth 11:45 – Stage 2: The Wealth Builder 12:45 – Premium Is Not an Expense 13:45 – Freedom From Debt to Others 14:40 – Your Burn Rate and Liquidity Number 15:50 – Debt-to-Capital: Bringing Debt In-House 17:00 – The Difference Between Chaos and Opportunity 18:00 – Stage 3: The Business Banker 19:00 – Money as Inventory 20:00 – Financing Opportunities Through Your System 21:00 – Stage 4: The Infinite Banker 22:00 – Closing the Financial Loop 23:00 – Banking Is Not a Product 23:30 – Immediate Action Plan
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The Money 4 Life Operating System
Jun 400:19:30Tap to summarizeMost people don't have an income problem — they have a money flow problem. In this episode of The Practical Wealth Show, Curtis May breaks down the Money 4 Life Operating System: a simple framework for creating more control, liquidity, cash flow, and freedom. The framework is: Earn it → Bank it → Borrow it → Spend it → Repay it → Own it → Repeat This is not just another budgeting conversation. Curtis explains why money disappears through bills, taxes, debt, lifestyle, and poor financial structure — and why the real question families and business owners should be asking is: Where did my money go? Curtis also explains how the Money 4 Life Operating System connects to cash flow control, private reserves, becoming your own banker, wealth transfers, and building true financial independence through ownership and systems. At Practical Wealth, we help families and business owners find money they are losing unknowingly and unnecessarily, then redirect that money toward cash flow, protection, liquidity, private reserves, and legacy. Visit: PracticalWealth.net Take the Financial Freedom Assessment or schedule a strategy session. *]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id= "request-WEB:16ce4f0c-a881-4a85-94bf-70f6cb57b540-2" data-turn-id-container= "request-WEB:16ce4f0c-a881-4a85-94bf-70f6cb57b540-2" data-testid= "conversation-turn-6" data-scroll-anchor="false" data-turn= "assistant"> #Money4Life #PracticalWealth #CashFlowControl #InfiniteBanking #PrivateReserve #WealthTransfers #FinancialFreedom #BecomeYourOwnBanker #CurtisMay #PrincipleBasedPlanning
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Trump Accounts Good Idea But Not a Complete Financial Plan
May 2800:09:57Tap to summarizeAre Trump Accounts a good idea — or just another financial product being sold as a plan? In this episode, Curtis May breaks down Trump Accounts from a Practical Wealth and principle-based planning perspective. These accounts may help children begin saving and investing, and eligible children may receive a one-time $1,000 government contribution. But Curtis explains why one account does not replace cash flow control, liquidity, protection, and a real family financial system. The real question is not, "Should I open a Trump Account?" The better question is: Do I have a financial system that gives my family control? At Practical Wealth, we help families and business owners find money they are losing unknowingly and unnecessarily, then redirect that money toward cash flow, protection, liquidity, private reserve building, and legacy. Visit: PracticalWealth.net Book a Financial Freedom Session or strategy call to start building a financial system that gives you more control. 00:00 — Introduction: Why Curtis is talking about Trump Accounts 00:35 — Initial reaction: The government does not create wealth 01:10 — Trump Accounts: Good idea, but not a complete financial plan 01:45 — What Trump Accounts are and who may qualify 02:45 — Why an account is not the same as a strategy 03:35 — Statement wealth vs. real financial control 04:30 — The missing conversation: cash flow 05:20 — Where Trump Accounts may fit in a family plan 06:10 — Questions families should ask first 07:00 — Positive monthly cash flow and emergency liquidity 07:50 — Proper life insurance protection 08:30 — Wealth transfers: Where your money is leaking 09:45 — Mortgage, taxes, retirement plans, insurance, college, and major purchases 11:00 — Why you finance everything you buy 12:00 — Find the money you are losing unknowingly and unnecessarily 12:45 — Building a private reserve and becoming your own banker 13:45 — The goal is not more accounts — it is more control 14:30 — Final takeaway: Trump Accounts can help, but they do not replace a financial system 15:15 — Practical Wealth call to action
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Where Does Your Money Go in the First 72 Hours?
May 1400:17:26Tap to summarizeMost people don't have an income problem. They have a cashflow control problem. In this episode, Curtis May breaks down why money disappears so quickly — even for high-income earners and business owners — and why budgeting alone usually fails. You'll learn: Why most people unknowingly operate from one financial bucket The hidden danger of unmanaged cashflow Why wealthy people use systems instead of budgets How "wealth transfers" quietly drain your income Why liquidity matters more than most people realize The difference between tracking money and controlling money How cashflow mapping creates financial clarity and control Curtis also introduces the concept of: "Tell your money where to go instead of asking where it went." This episode is especially important for: Business owners Families living paycheck-to-paycheck despite good income Professionals with debt and no liquidity Anyone frustrated by financial stress and disorganization If you want to stop reacting to money and start controlling it, this episode is for you. Resources Mentioned Money Organization Plan Cashflow Mapping Money4Life Blueprint Debt-Free for Life concepts Reservoir Account strategy Schedule a Strategy Session Practical Wealth
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Why Most Debt Payoff Plans Fail (And What Actually Works)
Apr 3000:20:53Tap to summarizeIn this episode of The Practical Wealth Show, Curtis breaks down why most debt payoff plans fail—and why throwing extra money at debt without fixing your cash flow structure keeps people stuck in the same cycle. Most people don't have a debt problem. They have a cash flow control problem. That's the real issue. Using lessons from The Richest Man in Babylon and the Babylon Debt Paydown Method, Curtis explains why traditional debt strategies fall apart, why budgeting alone doesn't work, and what actually creates lasting financial freedom. In this episode, you'll learn: Why debt is a symptom, not the root problem Why most debt payoff plans fail even when they "work" The real reason people pay off debt and fall right back into it How the Babylon 10/70/20 method restores order to your money Why cash flow control matters more than debt reduction How to build liquidity while paying off debt Why financial freedom starts with structure, not sacrifice If you've ever said: "I make good money, but I don't know where it goes" "I paid off debt before and somehow ended up right back in it" "I need a better system, not another budget" …this episode is for you. Debt payoff is not the goal. Restoring financial order is. Get the Babylon Debt Paydown Worksheet and start building real financial control: #DebtPayoff #CashFlowControl #MoneyManagement #ThePracticalWealthShow #InfiniteBanking #FinancialFreedom #DebtFreeJourney #PersonalFinance #MoneyMindset #PracticalWealth
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How to beat IRS Legally
Apr 2300:46:54Tap to summarizeThis episode is not for everyone. If you're a business owner earning $500K+ and your CPA isn't proactively helping you reduce your tax burden… you're likely leaving serious money on the table. In this conversation with Ed Lyon, we break down: Why most tax strategies never get implemented The difference between compliance and real planning Where high-income business owners lose the most money How to start thinking differently about tax efficiency and control Here's the truth: Most advisors operate in silos. And that lack of coordination is expensive. If you want better outcomes, you need a better system. 👉 If you think this applies to you, schedule a private strategy session: https://practicalwealth.net/FreedomSession
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