Uncommon Wealth Podcast

The Uncommon Wealth Podcast, hosted by Phillip Ramsey and Arron Cramer, dives deep into the concept of compounding interest, famously dubbed the 8th wonder of the world. This episode is a quick yet profoundly informative guide on the power of compounding interest, essential for anyone looking to optimize their financial growth. With lively anecdotes and practical advice, Phillip and Arron make this complex topic accessible and engaging.Understanding compounding interest is crucial for financial success, yet it's often misunderstood. Phillip and Arron discuss how this concept starts slow but eventually leads to exponential growth. They urge listeners to utilize compounding interest calculators to visualize potential growth. They also draw enlightening parallels between financial growth and personal development, emphasizing that small, consistent investments can lead to significant returns over time. This episode is a treasure trove of insights for anyone eager to enhance their financial literacy and personal growth, underlining the importance of patience and persistence in both arenas.Key Takeaways: Power of Compounding Interest: Compounding interest can seem slow initially, but over time, it leads to substantial financial growth. Practical Application: Utilize online compounding interest calculators to see how small investments can grow exponentially. Parallel to Personal Growth: The concept of compounding interest applies to personal development too—investing in yourself and your relationships over time yields significant rewards. Credit Card Warning: Understand how compounding interest works against you with credit card debt, emphasizing the importance of paying off high-interest debts quickly. Investment Options: Explore various accounts like brokerage accounts or high-yield savings accounts to benefit from compounding interest.Notable Quotes: "The best asset you have to achieve your dreams is you." — Host "The power of compounding interest is fascinating... the problem is, it doesn't start out fast, and that's kind of how we're wired." — Phillip Ramsey "Think about a credit card. Why are credit cards so hard to pay off? They have compounding interest but going in the opposite direction of your favor." — Arron Cramer "Nothing worth having comes quickly." — Arron Cramer "Small things add up to being big things, end up being big things." — Phillip RamseyResources: Compounding Interest Calculators: Accessible online tools that help visualize the growth potential of investments. Uncommon Wealth Partners: Visit uncommonwealth.com to learn more about their services and how they can help you achieve financial growth.Don't miss this eye-opening episode on the power of compounding interest. Tune in to discover how you can leverage this financial principle to build your wea

Brittany Todd is a dedicated entrepreneur and the current owner of Mill Street Mocha in Decorah, Iowa. Brittany's career journey spans from professional photography to coffee shop ownership. She and her husband, Nathaniel, also own the beloved local ice cream shop, Sugar Bowl. Brittany is deeply involved in her community, focusing on delivering personalized service and forging genuine connections. She is also the brain behind the Reset Business Conference, aimed at empowering rural entrepreneurs with valuable insights and tools.Episode Summary:In this engaging episode of the Uncommon Wealth Podcast, host Phillip Ramsey welcomes Brittany Todd, the dynamic owner of Mill Street Mocha and co-owner of Sugar Bowl ice cream shop. Brittany candidly shares her journey from entrepreneurship in photography to successfully managing multiple local businesses. She explores the importance of being genuinely connected to the community and the personal fulfillment derived from operating small businesses. This episode is packed with insightful stories, reflecting Brittany's passion for creating a service-oriented business environment.Brittany discusses the unexpected but rewarding path to owning Mill Street Mocha, shedding light on the complexities and lessons learned from business acquisitions. With keywords like "entrepreneurship," "community engagement," "business acquisition," and "work-life balance," this episode serves as a treasure trove of practical advice for aspiring entrepreneurs. Brittany also highlights the significance of making incremental changes, emphasizing that understanding and empathy towards staff can lead to sustainable business growth. Key themes of resilience, community connection, and strategic planning are woven throughout the conversation.Key Takeaways: Building and maintaining a business significantly benefits from genuine community engagement and personalized customer service. Entrepreneurship often involves unexpected opportunities and requires the ability to adapt and learn on the go. The importance of having systems and processes in place to prevent burnout and ensure business sustainability. Involving and understanding the needs of staff members can greatly enhance operational efficiency and morale. For those contemplating a career change or business venture: Small incremental steps and doing thorough research can pave the way for a successful transition.Notable Quotes: "I've never been hired for a real job. If nobody will hire me, I'll just create one." "Nothing can make up for lost time, relationships, people. There is, you don’t take it with you when you go." "It's a vibe about that community within that building." "You can give a gift card to anyone who asks for one, but is that really what their organization needs? Maybe they actually need something completely different." "Nothing is going to be your vision, but it's gonna somehow end up better than that."Resources: Brittany Todd on Instagram Mill Street Mocha - Brittany's website Reset Business Conference - More information on Brittany's conference aimed at fostering entrepreneurial growth in northeast Iowa.To capture the full depth of Brittany Todd's entrepreneurial journey and glean actionable insights from her experiences, listen to the full episode. Stay tuned for more inspiring dialogues on the Uncommon Wealth Podcast as we continue to bring you closer to individuals who are living life on their own terms.

In this lively episode of the Uncommon Wealth Podcast, hosts Phillip Ramsey and Arron Cramer dive into the concept of leveraging personal strengths and understanding how those same attributes can also act as personal pitfalls. They discuss the mantra that "You are your best asset, but also your worst enemy," offering listeners an insightful exploration into self-awareness and personal growth.Phillip and Arron break down their top three characteristics, or "superpowers,” and assess how these traits contribute to their success as financial advisors while also identifying points where these strengths might become hindrances. Through candid conversation and shared anecdotes, they emphasize the importance of balance, as well as the need for ongoing personal and professional development.Key Takeaways: Understanding and leveraging personal strengths is crucial for achieving an uncommon life. Self-awareness of how these strengths can also act as weaknesses is key to personal growth. The dynamic of being both an encourager and a leader can promote teamwork but also risk manipulating situations for selfish gain. Continuous learning is vital, but it should not immobilize taking action and serving clients. Competitiveness can drive success but may also lead to unnecessary complication of simple tasks.Notable Quotes: "You don't really worry about money, although you do get money. And then you don't really worry about retirement because you love what you do every day." – Phillip Ramsey "If you're using your giftings every day, you don't really worry about money." – Arron Cramer "Sometimes you feel like you've got handcuffs on because you're loyal almost to a fault." – Arron Cramer "I can compete with you, want you to do your best, encourage you to do your best, and still want to beat you." – Phillip Ramsey "It's really easy to run to what is comfortable for you." – Arron CramerResources: Uncommon Wealth Partners "The Five Love Languages" book mentioned during the conversation.To dive deeper into understanding how your best attributes can also be your worst enemies and to learn strategies for leveraging strengths while avoiding pitfalls, listen to the full episode. Stay tuned for more enlightening conversations on the Uncommon Wealth Podcast!

In this episode of the Uncommon Wealth Podcast, hosts Phillip Ramsey and Arron Cramer dive into the critical topic of self-care and its impact on our ability to help others. The discussion takes inspiration from safety protocols in aviation and lifeguarding, emphasizing the necessity of prioritizing one's health and well-being before trying to assist others. This episode is packed with valuable insights and practical strategies that highlight the importance of self-preservation for sustained service to others.Phillip and Arron dissect the metaphor of putting on your oxygen mask first, drawing parallels to everyday situations where neglecting self-care can lead to burnout and reduced effectiveness in professional and personal life. With candid anecdotes, including Phillip's own revelation about managing stress-induced high blood pressure, the hosts stress the importance of sustainable practices and healthy boundaries. This enriching conversation will resonate with listeners who find it challenging to balance altruism with self-preservation.Key Takeaways:Self-care is Essential: Understanding the importance of taking care of yourself first in order to effectively help others.Sustainable Practices: Emphasizing the need for a sustainable approach to helping others without sacrificing your own health and well-being.Healthy Boundaries: The importance of setting and maintaining healthy boundaries to prevent burnout and ensure long-term ability to serve.Practical Strategies: Real-life examples and strategies for integrating self-care into your daily routine to maintain peak performance.Mindset Shift: Encouraging a shift in mindset from viewing self-care as selfish to seeing it as a crucial element of sustained service and contribution.Notable Quotes:"When there's an emergency and there's oxygen that comes down from the plane, what do they say first? Put the mask on yourself." – Phillip Ramsey"If you're knocked out, you can't help anybody." – Phillip Ramsey"Are you going down a sustainable path for you? Because if you're not, what can you do to put the oxygen mask on yourself first?" – Phillip Ramsey"When you have a serving mindset and you just want to help people, the thought of, like, putting yourself first feels selfish." – Arron Cramer"Being a good steward of what God's given to me, my body, that was a good wake-up call." – Phillip RamseyResources:Visit Uncommon Wealth Partners to learn more about their services.Follow Phillip Ramsey and Arron Cramer for more insights and discussions on pursuing an uncommon path.This episode is a must-listen for anyone struggling with the balance between self-care and serving others. Tune in to the Uncommon Wealth Podcast for more inspiring content and practical advice on living an uncommon life. Don't miss out on upcoming episodes—subscribe now!

About the Guest(s):Elle Terhaar: Elle Terhaar is a dynamic entrepreneur and the current owner of ReproScan Technologies. With a background steeped in international experience and a passion for innovation, Elle joined ReproScan Technologies in 2015. Over the years, she has expanded the company's reach and product line, focusing on veterinary ultrasounds, primarily for the cattle industry. Known for her driven, competitive nature and visionary outlook, Elle is shaping the future of ReproScan Technologies to embrace emerging technologies in the agricultural sector.Episode Summary:Welcome to another episode of the Uncommon Wealth Podcast! Join host Phillip Ramsey as he dives deep into the inspiring journey of Elle Terhaar, the motivated and visionary owner of ReproScan Technologies. In this episode, Elle recounts her unique upbringing and the adventurous spirit instilled in her by her parents, leading her to take bold steps in her career. From moving to the Bahamas during her formative years to demanding ownership in ReproScan Technologies in her mid-twenties, Elle's story is a testament to the power of belief and perseverance.Elle discusses the inception of ReproScan Technologies, a company that specializes in veterinary ultrasound equipment for cattle. She explains how her partners, originally from Canada, trusted her vision and leadership to drive the company forward. Together, they overcame initial challenges and expanded the business, serving a growing customer base of hardworking farmers and veterinarians across the globe. Elle's leadership strategy involves fostering an inclusive environment where team members are encouraged to share ideas and take ownership of their roles. Tune in to learn more about Elle's journey, the growth of ReproScan Technologies, and her vision for the future.Key Takeaways: Elle Terhaar's entrepreneurial journey began in her formative years, shaped by her adventurous and supportive parents. ReproScan Technologies was founded by beef veterinarians in Canada and has since grown under Elle's leadership, focusing on veterinary ultrasounds for cattle. Empowering team members, staying humble, and being open to new ideas are crucial aspects of Elle's leadership style. ReproScan Technologies aims to be a household name in durable veterinary ultrasounds, with plans to expand into other species and potentially new technologies. Elle's experience underscores the importance of taking bold steps, believing in oneself, and the power of perseverance in achieving business success.Notable Quotes: "I love to learn, honestly. I love to learn and I love to grow businesses." - Elle Terhaar "My parents always said, hey, what do you want to do? Let's try it." - Elle Terhaar "I want to be the rough and tough, out in the field. Great customer service. Hey, we'll get it taken care of." - Elle Terhaar "Staying humble even when things are going well and being open to ideas." - Elle Terhaar "Sometimes it's like, you know what? Take a breath and listen." - Elle TerhaarResources: ReproScan Technologies Elle Terhaar’s Contact: [email protected] more insights into Elle's journey and the future of ReproScan Technologies, listen to the full episode. Stay tuned for more inspiring stories and expert advice on the Uncommon Wealth Podcast!

In this episode of the Uncommon Wealth Podcast, hosts Phillip Ramsey and Arron Cramer tackle the often unspoken topic of failure and its critical role in shaping successful lives and careers. The hosts delve into personal stories of setbacks and missteps, drawing from their own experiences to illustrate how failures, rather than hindrances, can serve as crucial stepping stones to growth and resilience. This candid discussion aims to de-stigmatize failure and highlight its importance on the path to uncommon wealth and life satisfaction.Key Takeaways: Embracing Failure: Understanding that failure is an integral part of personal and professional growth. Learning from Setbacks: Using failures as opportunities to gain insights and improve future decisions and actions. Self-Awareness: The importance of recognizing and addressing personal weaknesses and setting healthy boundaries. Hard Conversations: The necessity of having honest and difficult discussions to foster growth and resolve issues. Value of Resilience: Building resilience through consistent self-reflection and perseverance despite challenges.

In this engaging episode of the Uncommon Wealth Podcast, host Phillip Ramsey delves into the inspiring journey of Jess Schroeder, the founder of Expedition Wellness. Jess shares her uncommon path from working as a dietitian in various capacities to launching her own business. Her story is one of determination, passion, and resilience, capturing the essence of what it means to pursue one's true calling in the wellness industry.Throughout the conversation, Jess discusses the significant phases of her career, from her initial roles in the West Des Moines school district and Mercy Hospital to her pivotal role at Cook Facial Plastic Surgery. Each experience contributed to her understanding of the importance of personalized care, leading to the establishment of Expedition Wellness. Jess emphasizes the critical need for dietitians to be visible and actively involved in the healthcare industry, and how her business model caters to the complete well-being of her clients, encompassing nutrition, fitness, mental health, and meal planning.Key Takeaways: Reclaiming the Narrative in Wellness: Jess stresses the importance of dietitians being visible and active in the healthcare industry to effectively help individuals. Navigating Health Information Overload: She advises seeking professional guidance from dietitians to avoid the confusion caused by the plethora of health information available online. Comprehensive Wellness Approach: Expedition Wellness offers a holistic health approach, including nutrition, fitness, mental health coaching, and meals planning to ensure overall well-being. Overcoming Initial Business Challenges: Jess candidly shares her early challenges with pricing and cash flow management when starting her business, highlighting the learning process in entrepreneurship. Future Aspirations: Jess envisions expanding her business to offer additional services such as lab testing and personalizeResources: Expedition Wellness Website Expedition Wellness Instagram Expedition Wellness Facebook Expedition Wellness TikTok Expedition Wellness Pinterest

In this Simple Step episode we discuss the vital importance of taking a break. Highlighting research findings, they reveal that rest can boost productivity by 80%. Arron admits his struggles with taking time off, while Phillip shares his strategies for managing work during vacations. They emphasize the necessity of downtime for better performance and challenge listeners to incorporate more breaks into their routines. Tune in to learn practical tips for enhancing productivity through rest.

In this insightful episode of the Uncommon Wealth Podcast we delve into essential financial topics, focused on the mindset and realities guiding financial success. As we close our series on money mindset, we explore some commonly overlooked yet crucial aspects of financial planning, emphasizing the inherent costs involved and the psychological hurdles that many face.The episode underscores two main points: "Nothing is Free" in the financial realm and the universally shared human flaw of seeking shortcuts and leaning towards fear-based thinking. Throughout the discussion, Arron and I shed light on the hidden costs of seemingly free financial services, the importance of recognizing these, and leveraging our advice for truly beneficial financial planning. We also explore the intrinsic human tendency towards fear-driven decisions and how maintaining a balanced, informed perspective is key to navigating the financial landscape effectively.

In this episode of the Uncommon Wealth Podcast, host Phillip Ramsey interviews Aaron Lenz, a remarkable entrepreneur who defies the odds in the restaurant industry. Aaron shares his inspiring journey from a small pizza joint in Perry, Iowa, to managing multi-million dollar restaurants in major cities, and eventually owning successful establishments in Orange City. His story is a testament to resilience, strategic decision-making, and the pursuit of passion.Aaron dives into the complexities of restaurant ownership, explaining why the adage "restaurants are where good money goes to die" holds true yet can be overcome with proper management and vision. Through detailed anecdotes, Aaron illustrates the hard work, narrow margins, and high costs that define the business. He emphasizes the importance of empowering employees and crafting a unique customer experience, shedding light on his philosophy and entrepreneurial drive. Despite the challenges, Aaron's journey underlines the rewards of creating a thriving dining establishment in unexpected places, making a compelling case for following one's dreams.

Generally our simple step episodes are quick tips for your benefit...but this one is for us. We want to hear from you! Send us a quick text or leave us a voicemail on our feedback line, 515-446-8158 and let us know whatever is on your mind. Are you liking the show? Someone you think we should interview? Favorite episode? A restaurant we just have to check out? That's it for this week! 

In this thought-provoking episode, hosts Phillip Ramsey and old friend of the show Dan Navarro delve into the concept of transformational giving, discussing its significance and how to practice generosity with intelligence and enthusiasm. We are introduced to Verne Murray, whose stories and insights provide practical approaches to generosity that can shift our typical understanding of wealth accumulation.We start by exploring the difference between transactional and transformational giving, learning how the latter can enrich lives far beyond the monetary aspect. Verne shares his personal giving story that highlights the biblical principle of putting giving at the forefront, leading to a heart transformation and a deeper understanding of stewardship.Key Takeaways: Transformational giving is focused on making a meaningful impact and involves a deep connection between the giver and their values. Stewardship is a central theme; it's not just about the amount given, but the heart and intention behind the giving. Effective giving should use both the heart and the mind, utilizing tools like donor-advised funds to maximize generosity. Early engagement with financial planning for giving is crucial for maximizing the potential impact of one's charitable efforts. The legacy of generosity is not just measured in terms of wealth transferred but also in the values and experiences that are passed on to future generations.

In this episode of the Uncommon Wealth podcast, we're talking about the impact of having someone who believes in you, even when you doubt yourself. We'll discuss the many people who have played that role in our lives, including teachers, mentors, and clients. We also talk about the importance of finding a community of support and encouragement. We'd love to hear about people who have believed in you! Send us a text message or leave us a voicemail on our feedback line, 515-446-8158.

Betty Garcia is a second-generation business owner and the driving force behind Sonora Tortillas. She has taken the reins of her family's company to expand and modernize, infusing passion and innovation into the traditional tortilla-making business. Betty's journey began with her family moving from Mexico to the United States, and she grew up witnessing the inception of Sonora Tortillas from her living room in Texas before it became the beloved brand it is today. As an accomplished businesswoman, Betty proudly bears the mantle of the "Sonora tortilla lady," a testament to her commitment to bringing authentic Sonoran flour tortillas to a wider audience.In this episode you'll hear about Garcia's entrepreneurial journey, how she overcame various challenges, and her vision for scaling the company that began in a home setup. Central to this narrative are the themes of family legacy, cultural authenticity, and innovative growth in today's demanding market. Betty's candid reflections provide an insider's view of transitioning from an employee to an entrepreneur, the intricacies of navigating family business dynamics, and staying true to one's roots while embracing change.

In this Simple Step episode, we want to know what you are actively bringing into existence, both personally and professionally. We explore the idea of creating a lifestyle centered around serving others and how this can lead to personal growth and fulfillment as well as the concept of creating a positive and authentic family atmosphere. Tune in to discover how creating can bring joy and purpose to your life.

Welcome to another episode of the Uncommon Wealth podcast, featuring the charismatic Clife Estores, a DJ who has turned the art of partying into a thriving business. This episode dives into the behind-the-scenes of DJing, entrepreneurship, and the pursuit of an uncommon life path that aligns with one's passions.Clife shares his story of moving from the Philippines to Cedar Rapids, his evolution from performing at small community events to founding Clife DJ Company, and the importance of differentiating his services in the wedding industry. Additionally, he discusses the core values of his company, the strategies for dealing with challenges during events, and his approach to creating unforgettable experiences for his clients.

In this episode of the Uncommon Wealth podcast, host Philip Ramsey and co-host Arron Kramer are joined by Stephen Smith, creator of Cajun Fest and founder of Rework. They discuss the concept of "golden handcuffs" and how it can trap individuals in unfulfilling jobs. Smith shares insights on measuring productivity and the importance of psychological safety in the workplace. He also offers advice for business owners on combating the golden handcuffs mentality and fostering a culture of innovation. Tune in to learn how to break free from the constraints of traditional employment and pursue an uncommon path.Key quotes from Stephen Smith:"Modern day employment is the great domestication of man.""Our incentives aren't aligned for innovation. Our incentives are keeping people in the exact same spot.""People start to become checked out and feel like they lost their life because they're starting to realize, I've been domesticated.""You can't manage what you don't measure in your personal or your professional life.""Measure the outcomes, not the distributive and procedural justice.""Figure out what they want you to do in 40 hours and learn how to do it in 20.""Take the last 10 hours to develop yourself professionally and be the best personal you can be.""You assume that my presence means I'm present, and that is absolutely a farce.""You can't manage what you don't measure. So how do we understand and crowdsource this information?""We need to have an organizational health MRI. We need to understand what's going on and where we need to make changes."

In this episode of the Uncommonwealth podcast, host Phillip Ramsey welcomes the multifaceted David Barwin for a deep-dive into his unique journey and the roles that shape his life. As a guiding figure in the world of business education and an active facilitator for the Goldman Sachs 10,000 Small Businesses program, David sheds light on the intricate dance of teaching, coaching, and fatherhood.David walks us through his transition from athletics to coaching, and eventually to academia, where he found a profound joy in helping others realize their potential. His experiences growing up with an entrepreneurial father offered formative lessons that he now passes forward, both as a business professor and through the Goldman Sachs program. Furthermore, David opens up about his approach to parenting, teaching, and the delicate balancing act required. David's unique approach to education, blending coaching methodologies with business teachings. Insights into the Goldman Sachs 10,000 Small Businesses program, its mission, and impact on communities. The importance of fostering growth-mindedness and ambition among entrepreneurs in the Midwest. Personal anecdotes about parenting and instilling values of self-made success, reminiscent of the lessons from his father. Reflective insights on how to support and inspire students and business owners towards achieving their full potential.Key Takeaways: David Barwin illustrates the rewarding experience of transitioning from an athlete to a coach and then to a business educator. He emphasizes the value of entrepreneurship education and its ability to empower students and local communities. David is a key facilitator for the Goldman Sachs 10,000 Small Businesses program, advocating the program's benefits for small business growth. He shares a conscious approach to parenting, highlighting the importance of intentionality and supportive encouragement. The episode explores the idea of striving for success that aligns with one's passions and the positive ripple effect

We're replaying this one for you this week because it's so important. If you heard it the first time around, feel free to give it a listen again. If not, take it in fresh and let us know what feedback you have. When pursuing the life of an entrepreneur, there is nothing that can help smooth out rough waters, reinvigorate fading optimism, or remind you of what is truly important, quite like a supportive spouse. For an endeavor that is fraught with unknowns, the steady encouragement from the one you likely started this thing to impress anyway can be the difference between success or failure.In this episode, we’re talking about the power of a supportive spouse. We’ll touch on the superpowers of our own wives, plus ways a spouse can support an uncommon journey and how you can reciprocate. We’ll also talk about ways our own wives have shaped our uncommon paths.

In this episode of the Uncommon Wealth podcast, hosts Philip Ramsey and Arron Cramer discuss the power of a simple text message that says "Do you have eight minutes?" They explore how just eight minutes of conversation with someone can completely change your mindset and help you move from a negative state to a more positive outlook. They also emphasize the importance of having people in your life who are willing to listen and support you during difficult times. This episode offers a simple step to reach out to others and create meaningful connections.Have feedback for us? Call or text our feedback line at (515) 446-8158

As the Uncommon Wealth Podcast hits a monumental 200 episodes, we're treating you to a reflective and behind-the-scenes look at the heart and evolution of the show. Bringing in special guest Ben Fust, we dive into the making of this influential platform and its impact on both the audience and hosts alike.The episode begins with a celebration and quickly transitions into a thoughtful examination of the show's progression. The discussion revolves around the increased frequency of episodes, the intention behind content shifts, and the delicate balance of influence versus the personal toll of consistently producing a podcast. Central themes include the intrinsic rewards of podcasting, adapting content to match capacity, and maintaining influence without overwhelming personal commitments or expectations.Key Takeaways: The significance of reaching 200 podcast episodes and the personal fulfillment gained from producing the show. The importance and challenges of podcast consistency and the impact of changes in episode frequency and structure. Insights on the effect of transitioning team dynamics on podcast content and delivery. The realization that podcast listener numbers, while informative, don't always capture the full value of content creation. The encouragement for entrepreneurs and content creators to find joy in the process rather than base success solely on outcomes.Notable Quotes: "Influence tends to require a level of consistency." "Measuring the right things is important. Numbers isn't necessarily. It's an indicator. It tells you something. But it doesn't mean it tells you everything." "If your sphere of influence is, you're able to hold x number of folks that you could actually sustain influencing, and you got XY back...Like, you can't actually even support that number of people who, like, listen to the show." "Being faithful in the means because, like, the ends are delayed, your expectations are different."

In this revealing episode, we offer an inside look at how financial practices are built, how advisors get started, and the challenges they face within the industry. Their personal experiences and decisions highlight the importance of aligning business models with core values, prioritizing client relationships over profits.The conversation covers a range of topics, from the typical pathways for new financial advisors joining larger broker-dealer firms to the differences between commission-based and trail-based revenue models. The hosts don't shy away from discussing the sometimes harsh realities of starting out in the industry and the ethical dilemmas they faced early in their careers. We passionately believe in a client-centered approach and stress the benefits of building a practice on residual income over upfront commissions. Phillip provides insights into how large firms structure their training and revenue models, often aligning advisors' interests with making immediate sales rather than fostering long-term client relationships. Arron's experiences underscore the importance of finding a firm that supports its advisors' growth without compromising client service. The duo emphasizes the significance of having a fee-based model that allows for transparent, unbiased advice and planning. Phillip and Arron share their commitment to continuous improvement, with a focus on serving clients and enhancing their offerings year after year. The hosts candidly reveal uncommon business practices they uphold, such as not having non-compete agreements to foster a supportive and mutually beneficial work environment.Key Takeaways: Financial advisors often start their careers with larger firms, facing the challenge of selling products for immediate commissions versus building trail-based residual income. It's essential for financial advisors to align their payment structure with their service values, maintaining client relationships as a priority over quick profits. A fee-based model assists advisors in providing unbiased plans without the pressure of immediately managing assets. Advisors' continuous growth and improvement are critical factors in providing the best possible service to clients -- this is the unwavering mission of the podcast hosts at Uncommon Wealth Partners. Ethical business practices, like forgoing non-compete clauses, serve to establish long-lasting trust and collaboration within the framework of the firm.Notable Quotes: "I'm never going to lose a friend over this." - Phillip discussing the ethical implications of sales tactics in the industry. "If I am, please fire me because that means I didn't get better." - Arron stressing the need for continuous improvement as advisors. "It's bananas... why is that? It's because there's a thing called compounding interest that works really well." - Phillip explaining the power of compound growth in their business.Resources: Uncommon Wealth Partners website: Uncommon Wealth Partner

Join hosts Phillip Ramsey and Arron Cramer on the Uncommon Wealth podcast as they delve into the third part of the series on how to think about money. In this episode, we'll explore the concept of financial freedom and the importance of defining it for yourself. We also discuss the dangers of comparing yourself to others and the true meaning of wealth. Discover how to prioritize relationships and experiences over material possessions and gain a fresh perspective on what it means to be truly wealthy. Tune in for an insightful and thought-provoking discussion on money and mindset.

In this introspective episode of the Uncommon Wealth podcast, we delve into a thought-provoking discussion about the concept of hurry and its impact on our lives. Tapping into the underlying thesis of "The Ruthless Elimination of Hurry" by John Mark Comer, we examine the idea that the constant rush and busy hustle of modern life may actually distance us from true joy and intentionality.

In this Simple Step episode, we talk about the vital practice of maintaining focus on your financial objectives, finding value in the commitment to your financial plan and the importance of resilience against distractions that lead to shifting goalposts. Whether you're an investor, an entrepreneur, or just someone aiming for personal wealth development, this episode serves as a motivational guide to steadfastness in pursuit of your uncommon path. 

In this bonus discussion, we react to our episode 195 interview with Nick Darland of HomeRevisions, LLC. 

In this episode of the Uncommon Wealth Podcast, hosts Phillip Ramsey and Arron Cramer delve into the extraordinary journey of entrepreneur Nick Darland, the founder of the construction company HomeRevisions, LLC. The episode is a treasure trove of insights into how Nick confronted his adversities, starting a business at a young age, experiencing failure, and rising again with renewed vigor to create a venture that is a testament to quality craftsmanship and dedication.Nick's spellbinding narrative encompasses the inception of his business, the trials faced during its nascent stages, including dealing with debt and personal life challenges. The conversation also touches upon the significance of having strong support systems such as his wife Taylor, who played an instrumental role in Home Revisions' success. Furthermore, Nick shares transformative experiences related to his faith and how it has impacted both his personal and professional life.

In this episode of the Uncommon Wealth podcast, we continue our Money Mindset series discussing the power of compounding, the importance of accumulating wealth versus staying wealthy, and the significance of making wise investment decisions. We'll talk about why you need a financial plan tailored to individual goals and values, and the value of pursuing passions and monetizing them to enhance retirement. We'll also touch on why it's important to have a balanced approach to investing and the dangers of chasing big winners. 

In this bonus discussion, we react to our episode 193 interview with Robert and Dan Cramer of Cramer and Associates. 

Robert Cramer and Dan Cramer are second-generation leaders of Cramer and Associates, a family-founded construction company specializing in bridge and culvert building. Following the entrepreneurial spirit of their fathers, both Robert and Dan have advanced the company by maintaining a strong work ethic and upholding values of integrity and quality craftsmanship.The conversation unfolds with a reflection on the company's origins, Robert and Dan offer a historical account of how their fathers, hailing from humble beginnings, leveraged the interstate system construction boom to establish Cramer Brothers and eventually transitioned to Cramer and Associates. They emphasize the importance of the employee stock ownership plan (ESOP) in fostering a culture of ownership and responsibility among workers, fundamentally shaping the company's success.Key Takeaways from the episode include: The pivotal role of strategic generational transitions in maintaining a company's longevity. How the ESOP model can empower employees and positively affect a company's performance. The significance of incorporating personal faith and values into business practices and leadership. The importance of on-field leadership in ensuring efficiency and fostering a culture of ownership. The challenges and growth opportunities presented by large-scale infrastructure projects.Notable Quotes: "If you look at the ESOP as a giveaway, you'll be very happy with it." - Robert Cramer "Having an eternal perspective, I think a good spiritual perspective allows you to have a sense of humility in leadership." - Dan Cramer "It just flat doesn't work today... you've lost that 'it's on me, I need to figure this out.'" - Dan Cramer on adapting leadership styles. "Every job we get, we have to be the low bidder, right? Because it's public money." - Robert Cramer on the bidding nature of the construction industry.

In this episode's simple step, we're talking about how to use personality frameworks to better understand your unique traits. Popular tools such as the Myers-Briggs Type Indicator, DISC profile, and the Enneagram can be valuable to help you recognize your distinct "superpowers" and the advantages of acknowledging your weaknesses.

In this bonus discussion, we react to our episode 191 interview with Tom Hay of Hay Window Cleaning. 

In this episode of the Uncommon Wealth podcast, we had the pleasure of introducing Tom Hay, the entrepreneurial mind behind Hay Window Cleaning. Tom's journey began at the tender age of twelve when he was pulled into the family business. Over the past two decades, he has been instrumental in shaping the services and customer care that have become synonymous with his company.During the episode, Tom shared insightful details about the transition from considering a career in mechanical or electrical engineering to fully embracing the family business, highlighting the pivotal role of punctuality, hard work, exceptional customer service, and job satisfaction in the success of Hay Window Cleaning.

In this episode of the Uncommon Wealth Podcast, we'll tackle the complex and often personal relationship people have with money. We discuss the influences that shape our financial perspectives, the role of luck in investing, and the potentially unquenchable human desire for more wealth.In the end, true wealth comes from an uncommon mindset — finding joy in one’s day-to-day life, not just in the pursuit of financial milestones. The conversation is an invitation to redefine wealth and discover what it truly means to be prosperous.

In this bonus discussion, we react to our episode 189 interview with Wiebe Goodyk, owner of Pella Building Systems. 

Wiebe Goodyk, owner of Pella Building Systems, shares his uncommon path to success in the storage unit industry. After college, Wiebe joined his father's business and quickly developed a passion for storage units. Following his father's passing, Wiebe took over the company and focused on expanding and evolving the business. With a team of dedicated employees, Pella Building Systems has grown and thrived, offering storage solutions to a variety of customers. Weeb's dedication to building relationships and providing excellent service has propelled the company forward.

In this week's simple step, we're challenging you to figure out what you're thankful for, write it down, and take some action on it. Let us know if anything surprised you about your list! 

In this bonus discussion, we react to our episode 187 interview with Mike Bartos, owner of Power Center Weights. 

Mike Bartos, owner of Power Center, shares his uncommon journey in the strength training industry. From starting as a gym owner to creating and selling his own equipment, Mike has faced challenges and taken risks to build his business. He emphasizes the importance of passion, perseverance, and gratitude in achieving success. With a loyal customer base and a focus on providing high-quality products, Mike looks forward to expanding his product line and continuing to make a difference in the strength training community.

2023 was a year of challenges and growth. In this episode, we  look back at some of our significant changes, including the transition from using money managers to managing our clients' money ourselves, and the benefits of this approach. We also talk about the importance of being adaptable and constantly learning in the financial industry. Plus, the value of taking the emotion out of investing and following a strategic, long-term approach and the impact of the TD Ameritrade and Charles Schwab merger on our clients. Lots to digest and use to make 2024 even better, we hope you enjoy the discussion. What lessons are you taking with you into this new year?

Scott Krava, the founder of Dreaming Big, joins the Uncommon Wealth podcast to share his journey of starting and growing his apparel brand. He discusses how he came up with the idea for Dreaming Big and the process of designing his merchandise. Scott emphasizes the importance of taking action and learning from failures along the way. He also talks about the significance of his brand's mascot, the duck, and how it represents his own journey of realizing his dreams. Scott's vision for Dreaming Big is to make it known worldwide and inspire people to pursue their passions.

In this bonus discussion, we react to our episode 183 interview with Brandon McNace, founder of Exodus 5:1. 

In this simple step episode, we discuss the importance of being the tortoise rather than the hare when it comes to achieving success. There's  value of slow and steady progress and you'll be head to find joy in the process and focus on consistent effort rather than seeking quick wins.

Brandon McNace is a former finance professional who left his dream job to pursue a calling to free slaves in Pakistan. He is the founder of Exodus 5:1, an organization dedicated to rescuing and rehabilitating victims of modern-day slavery.Brandon shares his journey from a successful career in finance to becoming a modern-day abolitionist. He recounts the pivotal moments and encounters that led him to leave his job and start working to free slaves in Pakistan. Brandon explains the process of buying slaves out of bondage and the challenges they face in reintegrating into society. He also discusses the impact of his work and the importance of raising awareness about modern-day slavery. Brandon reveals his vision for the future, including plans for a new campus and the goal of setting free millions of slaves worldwide.

This week we're discussing the book "Chop Wood, Carry Water" by Joshua Metcalf, which teaches valuable lessons about finding joy in the journey and embracing the process of achieving one's goals. We'll cover key themes in the book including the importance of patience, discipline, and focusing on the present moment. We also discuss the significance of having a strong identity outside of one's work and the value of being a good listener. 

Brad Moeckley, a farmer from Iowa, shares his life-changing experience of going on a bear hunt in Alaska. Despite being a non-hunter, Brad challenged himself to reconnect with God, facing physical challenges and forming a close bond with his guide, Ralph. After days of searching, Brad finally had the opportunity to shoot a bear,. The experience taught Brad the importance of perseverance and relying on God's guidance. He now views people differently and has a deeper understanding of God's faithfulness. The bear hunt was just a small part of the transformative journey. 

In this week's simple step, we're airing out our thankfulness. "Tis the season for being reminded that oftentimes our dissatisfaction can come from forgetting how grateful we should be for the things around us. What are you thankful for? 

In this bonus discussion, we react to our episode 179 interview with Josh Nielsen, founder of Zencastr.

Josh Nielsen, the creator of Zencastr, shares his journey of building a successful publishing company for podcasters. Looking to create both financial and geographical independence for his family, he initially started the company to solve the problem of remote recording for podcasters, but as the podcasting industry grew, Zencastr expanded its services to include hosting, distribution, audience growth, and monetization. Josh discusses the challenges he faced along the way, including the need to hire a team and manage the growth of the business. He emphasizes the importance of finding satisfaction beyond financial success and the value of helping others achieve their goals.

Welcome to the Uncommon Wealth Podcast, where we explore the stories of individuals who have chosen to live an uncommon life. In this episode, we delve into the topic of discouragement and the reasons why people may try to dissuade you from pursuing your dreams. We will examine the fear of failure, jealousy or envy, limited beliefs, and societal expectations. By understanding these factors, we can better prepare ourselves for the challenges that may arise on our uncommon journey.