15 minutes | Jul 29, 2020
Ep 18: What the Bible Says About Money with Fr. Steve Mateja
What does the Bible have to say about wealth and money? Can you still be a good Catholic and be wealthy? Fr. Steve Mateja answers several questions from Tiffany and shares examples from both the Bible and the Saints that apply to our lives today. Read more and get additional financial resources here: https://welkawealthpodcast.com/ep-18-what-the-bible-says-about-money-with-fr-steve-mateja/262/ On today's show: 0:30 - Introducing Father Steve Mateja as today’s guest. 1:33 - Fr. Steve recently celebrated his 8th anniversary being ordained. 3:15 - How did he know it was his calling to be a priest? 6:50 - Is it possible to be a good Catholic and still be wealthy? 11:11 - How does God see us? 12:50 - How can we remember in times of darkness that we are God’s sons and daughters?
6 minutes | Jul 22, 2020
Ep 17: All About Annuities with Sam Kershaw of Midland National Life Insurance
In today’s episode, Tiffany talks with Sam Kershaw, regional vice president at Midland National Life Insurance Company. Learn about the company’s insurance-based solutions, including annuities and how they can benefit clients. Read more and get additional financial resources here: https://welkawealthpodcast.com/ep-17-all-about-annuities-with-sam-kershaw-of-midland-national-life-insurance/255/ About the guest: https://www.midlandnational.com/ Check us out on YouTube: https://www.youtube.com/channel/UChmwFk5ZrD2fgxdyK_wV14A Today's show schedule: 0:52 – What is Midland National Life Insurance? 1:28 – How does Midland National give back to the community? 2:31 – What are annuities and how do they work? 3:37 – What other types of products does Midland National offer? 4:17 – Why is it important to ask a financial planner for help?
24 minutes | Jul 15, 2020
Ep 16: How Catholic Financial Life Helps With Retirement Planning
Today we want to shine the spotlight on a great group that’s helping many people with a variety of financial services. Catholic Financial Life is a not-for-profit organization that Tifffany works closely with and we welcome on of their advisors, Joe Kohut, to the show to discuss their services, the member benefits, and the three goals they strive for each day. Read more and get additional resources here: https://welkawealthpodcast.com/ep-16-how-catholic-financial-life-helps-with-retirement-planning/248/ About Catholic Financial Life: https://www.catholicfinanciallife.org/ Today's show schedule: 1:02 - A little about Joe. 3:02 - Who is Catholic Financial Life? 6:12 - How could CFL fit into their financial or estate planning? 8:15 - The benefits and importance of life insurance 11:38 - Creative ways that life insurance could be used in a portfolio. 13:19 - What life insurance can do for you in the future. 15:26 - The retirement planning options offered by CFL. 18:10 - The other member benefits to Catholic Financial Life. 19:53 - The mission for CFL 21:03 - How they give back to the community.
8 minutes | Jul 8, 2020
Ep 15: 7 Steps to Financial Harmony in Marriage
The leading reason for a marriage ending in divorce is financial issues between the two parties. It’s important to be on the same page before you make that special commitment and Tiffany helps couples do that through her 7 Steps to Financial Harmony. Read more and get additional financial resources here: https://welkawealthpodcast.com/ep-15-7-steps-to-financial-harmony-in-marriage/243/ Today's show schedule: 0:38 - The statistics of marriage and divorce. 0:57 - Tiffany created a program to teach couples effective communication about finance. 1:50 - 1st step: Be a generous giver. 2:14 - 2nd step: Set financial goals together. 3:28 - 3rd step: Create a monthly spending plan and follow it. 4:25 - Apps that help you track spending. 5:02 - 4th step: Keep joint accounts and no secrets. 5:33 - 5th step: Learn to live on one income. 5:51- 6th step: Give each person their own spending allowance. 6:10 - 7th step: Keep it simple and organized. 6:33 - Tiffany coaches couples. Here’s how to sign up.
15 minutes | Jul 1, 2020
Ep 14: Wedding Planning Expenses & Tips with Derek Gauci
Your wedding day is one of the most special moments of your life, but it can require a lot of planning…and money. Tiffany brings on her brother, Derek, who is a wedding photographer to talk about his experience on the service side of the celebration. We’ll find out what expenses you can expect, tips for creating a beautiful ceremony, and how to keep God at the center of your marriage. Read more and get additional resources here: https://welkawealthpodcast.com/ep-14-wedding-planning-expenses-tips-with-derek-gauci/238/ About our guest: https://falconfilmstudios.com/derek/ Today's show schedule: 0:31 - Today our guest is Tiffany’s brother, Derek Gauci. A little background on him. 1:28 - How did he find his calling to capture weddings? 3:41 - What services do you provide and how do people contact you? 5:15 - What should you realistically expect to spend on wedding services? 6:41 - Tips for creating a beautiful wedding ceremony. 8:48 - How has the pandemic changed the wedding industry? 9:56 - How do you keep God at the center of your marriage? 13:15 - Having a mentor couple is a great resource.
23 minutes | Jun 24, 2020
Ep 13: What the Stations of the Cross Teach Us About Money
Today we’re joined by Fr. Anthony Camilleri of Our Lady of Good Counsel to look back on a trip he made to the Holy Land and participated in the Stations of the Cross. This life-changing experience left an impact on him, but it also teaches us some important lessons about money. Read more and get additional financial resources here: https://welkawealthpodcast.com/ep-13-what-the-stations-of-the-cross-teach-us-about-money/233/ Today's show schedule: 0:34 – Welcome in our special guest, Father Anthony Camilleri. Let’s begin with a prayer. 1:46 – The story of when he did the Stations of the Cross during a 14-day trip to the Holy Land 3:11 – Like the Stations of the Cross, we should have an order in our lives. Begin with God every day. 6:08 – Time is the most precious gift you can give. 8:59 – When finances feel like a burden, what can people do to get the courage to ask for help? 12:38 – Why it’s important to always be present. 16:37 – A quote Saint John Paul II made in Detroit. How can we apply this to finances? 21:08 – A closing prayer from Fr. Camilleri
7 minutes | Jun 17, 2020
Ep 12: Having Open Conversations About Finances
Money is a subject that many people choose to keep private, and that’s understandable, but speaking openly about finances could make a lifelong impact on a person. Find out what the Bible tells us about this approach and hear about the first time Tiffany got a lesson in saving money. Read more and get additional financial resources here: https://welkawealthpodcast.com/ep-12-having-open-conversations-about-finances/227/ Today's show schedule: 0:33 – Today’s Bible verse 1:13 – There are two types of people financially. 2:00 – Remembering back on first Holy Communion. 2:43 – Financial lessons learned from that special day. 3:39 – First reason we’re sharing this story. 4:21 – Second reason for this story. 5:03 – Why it’s important to speak more openly about finances.
21 minutes | Jun 10, 2020
Ep 11: Keeping Finances Centered on God with Father Dave
We’re excited to welcome in our first guest to the podcast, Father Dave of Our Lady of Good Counsel, who will help us apply faith to our finances. Staying centered on God is a challenge that all of us face but it’s the best approach to handling our money and he’ll help tell us how to achieve that. Read more and get additional details: https://welkawealthpodcast.com/ep-11-keeping-finances-centered-on-god-with-father-dave/222/ Today's show schedule: 0:30 – Today we’re joined by a special guest, Father Dave 0:47 – Let’s open up with a prayer. 1:22 – Background on Father Dave 3:11 – The book Father Dave’s Travel Guide 6:31 – How we met each other. 6:58 – How can couples keep their focus on God when talking about money? 9:08 – This pandemic has brought refocus on what’s important. 11:10 – Help us understand how to incorporate tithing into our lives. 13:47 – Applying the example of Cain vs Abel 15:42 – Everything you have is from God. You aren’t a self-made man. 16:59 – Prayer guidance 20:02 – Closing Prayer
8 minutes | Jun 3, 2020
Ep 10: Working Towards the Future
In these uncertain times, we need to be able to live in the present while also working towards the future. Tiffany is challenging you to focus on where you’re spending your money so that we can all make sure we are using our money for good. Read more and get additional resources here: https://welkawealthpodcast.com/ep-10-working-towards-the-future/215/ Today's show schedule: 0:42 - Who could have imagined 2020 would turn out like this? 1:34 - It’s important to respect your finances. 2:27 - I’m challenging you to pay close attention to what you’re spending your money on. 3:18 - Money cannot be evil. 4:00 - We get a little bit closer to retirement each year. 4:57 - The Bible says we should be tithing 10% of our income. Apply that same guide to retirement. 5:57 - A message from the Bible that’s particularly relevant right now.
13 minutes | May 27, 2020
Ep 9: How Much Thought Have You Given Estate Planning?
Even though our lives are the most valuable asset in our portfolio, many people overlook the importance of an estate plan. It happens for many reasons but failing to complete this portion of a financial plan can put a burden on your loved ones. Today we’ll talk about the tools you’ll need to build an estate plan and why it should be a priority for you and your family. Read more and get additional financial resources here: https://welkawealthpodcast.com/ep-9-how-much-thought-have-you-given-estate-planning/211/ Today's show topics: 1:04 – Remembering those we’ve lost on Memorial Day. 1:33 – What would the loss of our own life look like for the loved ones we leave behind? 1:45 – First estate planning tool to consider is life insurance. 2:13 – Term life insurance policies. 2:51 – Whole life insurance 3:37 – Other life insurance options 5:10 – Everyone has an estate. 5:56 – If you pass away without a will, your family and friends will have to go to probate court to settle your estate. 6:51 – A will is another estate planning tool. 7:31 – A revocable living trust is another great tool. 8:46 – Make sure you have a complete understanding of our plan. 9:58 – The passion to give should overflow into our estate plan. 11:17 – Other things to consider with your estate plan.
8 minutes | May 20, 2020
Ep 8: Running Your Business On a Budget
Managing the finances of your business begins with creating a budget but many owners overlook this essential part of the process. Let’s talk about why this might be the difference in success and failure and what steps you can put in place to begin operating on a budget. Read more and get additional financial resources here: https://welkawealthpodcast.com/ep-8-running-your-business-on-a-budget/206/ Today's show schedule: 0:28 – Every business owner should be operating on a budget. 1:21 – Budgeting helps you trim over-resourced areas. 1:44 – It’s going to help you plan for the future of your business. 2:18 – If you aren’t tracking spending and return on investment, you won’t know how efficient you are. 3:37 – What about seasonal businesses? 4:09 – Here’s the easiest way to start a budget. 5:58 – Don’t miss out on your goals and dreams. 6:52 – The Bible verse for this episode.
10 minutes | May 13, 2020
Ep 7: The Importance of Knowing Your Numbers When Owning a Business
Many people have dreams of opening their own business and creating a life that they have full control over. But that goal isn't easy and often times owners make key financial mistakes that end up costing them their business. Let's talk about why it's so important to know your numbers and how you can accomplish that. Read more and get additional financial resources here: https://welkawealthpodcast.com/ep-7-the-importance-of-knowing-your-numbers-when-owning-a-business/201/ Today's show schedule: 0:30 – Who this podcast is for. 0:47 – How can you make your business successful? First thing is to know your numbers. 1:57 – The habits that make business owners successful. 3:53 – Keep a sharp eye on your overhead. 4:41 – How much is it costing you to acquire new customers? 5:55 – The steps to building a strong financial business. 6:44 – What to invest in to strengthen your company. 7:17 – Making it a priority to build a business where the love of God is reflected.
11 minutes | May 6, 2020
Ep 6: The PBJ Outreach And Investing With A Moral Conscience
Tiffany has an exciting announcement to share about a new role she’s taking with a non-profit, which that got her thinking about why we all struggle with building a budget that includes giving. What can you do to create a spending plan that aligns with your values? Read more and get additional resources here: Today's Show Schedule: 0:40 – Tiffany is excited about a new endeavor as treasurer for the PB&J Outreach 1:04 – How PB&J Outreach got started. 2:43 – He brought the idea back to Detroit but had to find the right location. 4:30 – It feels to give back but why is that always the last thing on our budget? 5:13 – How to determine how much you can give each month. 6:07 – If you have a surplus each month, think about how you can give it meaning. 6:59 – Your spending plan and finances should reflect your values. 8:22 – This week’s Bible verse
5 minutes | Apr 29, 2020
Ep 5: Dave Ramsey’s 7 Baby Steps
As a SmartVestor Pro, we work closely with Dave Ramsey and financial strategies. One that we often point newer investors to is the 7 Baby Steps and we’ll lay them out for you on this episode. Read more and get additional resources here: https://welkawealthpodcast.com/ep-5-dave-ramseys-7-baby-steps/184/ Today's show schedule: 0:31 - Background on Dave Ramsey 1:18 - 1st step: Create a starter emergency fund 1:33 - 2nd step: Pay off all your debt except your home. 1:46 - 3rd step: Save a fully-funded emergency fund 2:18 - 4th step: Save 15% of income into retirement. 2:27 - 5th step: Save funds for your children and their education. 2:35 - 6th step: Pay off your house early. 2:50 - 7th step: Build wealth and give back. 3:25 - Here’s how to get the 7 steps emailed to you. 3:35 - Reviewing these steps reminds me of a Bible verse.
7 minutes | Apr 22, 2020
Ep 4: Fear Not
We’ve all felt some type of fear during this pandemic and it’s okay to talk about that. What we want to do on this episode is talk about how to repurpose that fear into a positive and share a messages of strength and hope. Read more here: https://welkawealthpodcast.com/ep-4-fear-not-turning-that-fear-into-a-positive/179/ Today's show rundown: 0:39 – One of our core values is fear not. 1:43 – Stock market parallels to 1987 and 2008. 2:20 – We don’t know what will happen in 2020. 3:02 – My mother is my inspiration. 3:33 – Your best innovation can come from your limitations. 4:10 – The lesson we can learn from Easter. 5:16 – A final message about fear.
6 minutes | Apr 15, 2020
Ep 3: Using the Past to Navigate the Present
We’re all adjusting to new ways of living each day and a lot of the difficulty comes on the financial side. When will be on the other side of this crisis and what can be done now to help us improve our situation? Tiffany will explain how inspiration and motivation can be found in experiences of the past. Read more and get additional resources here: https://welkawealthpodcast.com/ep-3-using-the-past-to-navigate-the-present/174/ Today's show rundown: 0:41 - We’re all living differently right now. 1:26 - We continue to look for answers to the following questions. 2:15 - The action in the market tells us it’s distressed but the Fed is working quickly to help. 2:48 - Many people forgot how bad things could get during a financial crisis like this. What changes will you make moving forward? 4:00 - In the season of Lent, thinking back on what Jesus endured is motivation during these difficult times. 5:17 - Remembering what happened in the past will help you prepare for what’s to come.
7 minutes | Apr 8, 2020
Ep 2: A Time of Healing and Refocusing
We’re all anxious and concerned over our investments as the coronavirus crashes financial markets, but now is the time to step back and refocus. Let’s talk about how you can take this extended period at home and with your family to heal your spirit and your heart, which will lead to a positive result when the pandemic passes. Read more and get additional resources here: https://welkawealthpodcast.com/a-time-of-healing-and-refocusing/152/ Today's rundown: 0:43 - How can you invest with in intent during the uncertainty of the pandemic? 1:59 - How will consumer spending change after the things return to normal? 2:48 - Many people are fearful and anxious about their investment strategies right now. Use this time to set goals. 3:51 - Take a contrarian view on investing. 4:15 - Pay attention to certain sectors. 5:00 - Today’s gospel reading. 5:51 - Heal your spirits and your heart during this time at home and work towards a positive result when this pandemic is over.
6 minutes | Apr 6, 2020
Ep 1: Let There Be Light - An Introduction to the Podcast
Welcome to the debut episode of the Welka Wealth Podcast. Before we get into our weekly discussions on finances, let’s introduce you to the host of the show. Tiffany will share a little about herself, her family, and the mission for the podcast. Read more and get additional resources here: https://welkawealthpodcast.com/let-there-be-light-an-introduction-to-the-podcast/129/ Today's rundown: 0:54 - A little about myself and our company. 1:39 - Why community is so important in our lives. 2:16 - Financial Harmony 2:49 - Why I love talking about finance. 3:13 - Meet my family 4:15 - My vision for this podcast
2 minutes | Mar 27, 2020
Coming Soon: The Welka Wealth Podcast
Invest With Intent. That's the motto of Tiffany Welka and the Welka Wealth Podcast. We believe that investing in companies and products that align with your faith, morals, and goals is what makes your financial plan a true success. And that's the spirit we'll try to capture each week with every interview and episode. Join us as we interview financial, faith and business leaders in the community and get great guidance directly from Tiffany. This episode is just a quick teaser to give you a small taste of the tone and guidance that's on the way soon from Tiffany. The podcast launches in April, so come check it out and subscribe on your favorite app!