Tag Archives: Insurance

FEATURE

Inside a Multigenerational Family-Owned Business with Don Kirkham (Ep. 40)



Family-owned businesses are beneficial to the economy in more ways than one, but there can be challenges along the way. Especially when there is a pandemic and a recession involved.

Overcoming these challenges and passing the business down from one generation to the next is no easy feat.

In this episode, Greg DuPont chats with Don Kirkham, vice president of Kirkham Building System, about what it’s like to work in a family-owned business that has passed through multiple generations. Additionally, Don explains what Kirkham Building System does regarding pole-framed construction and how the process works.

Don discusses:

  • A brief description of his background and what he does for his family’s business – Kirkham Building System
  • Why pole-framed construction is more cost-effective than traditional construction
  • How supply chain issues have affected the industry
  • Kirkham Building System’s costs and the process of working with them
  • How the National Frame Building Association can help you find the right builder in your jurisdiction
  • How their family business has passed through multiple generations and the benefits they have derived from it
  • And more!

Resources: 

Connect with Gregory DuPont:

Connect with Don Kirkham:

About our guest:

Don Kirkham, is the fourth generation of Kirkhams to work in the post-frame building industry. Don started with his father’s company in 1991 working as a crewman in the summers. He remembers the hard work in the hot summers as a time of learning and great experience. He then worked his way up, learning all the facets of the trade. He served as a planner and sales representative while attending OSU. After college Don became the Sub-Contractor Coordinator and worked closely with General Foreman. He continued on and became General Foreman coordinating the efforts of the entire construction department. Don has also been the company Safety Officer. From 2008 to 2012 Don left the industry and became the Service Advisor for a successful Automotive Shop in Westerville, where he developed the personal fortitude to work closely with many customers. In October 2012, Don returned to KBSI to lead business development and proudly worked alongside his father to continue the tradition of quality and experience that is KBSI.

Don is an avid reader and believes personal development is essential. He continues his education through safety training, personal studies, seminars, and reading. Don lives in Powell, OH with his wife. His son and daughter also both work for KBSI.


FEATURE

Transitioning Your Parents Into Assisted Living with Sarah Dixon (Ep. 39)



As our parents age, sometimes it’s necessary to find a place where their quality of life will be better.

Many difficulties can arise in this process, such as the financial part and the emotional conversations we need to have with them.

In this episode of Your Financial Advocate, Greg DuPont is joined by Sarah Dixon, community relations director at Bluebird Retirement Community, to talk about the transition from in-home care to an assisted facility and how we can have these tough conversations when it comes to helping our parents.

Sarah discusses:

  • Her background in healthcare and how she got introduced to the hospitality industry
  • The transition from working in large corporations to a privately owned business
  • The different ways families approach assisted living facilities
  • The different levels of assistance care 
  • The financial preparation needed before applying for an assisted care space
  • Things to consider when families are searching for facilities
  • A few details about Bluebird’s dementia care unit
  • How should conversations about transitioning to a specialized facility should be tackled
  • And more!

Resources: 

Connect with Gregory DuPont:

Connect with Sarah Dixon:


FEATURE

A Veterinary Venture From Scratch with Dr. Bimbo Welker (Ep.37)



The process of becoming an entrepreneur has never been nor will ever be easy.

However, if you are passionate about what you do and have experience, you can be successful.

In this episode of Your Financial Advocate, Greg DuPont sits down with Dr. Bimbo Welker to talk about his experience after leaving his role as the director of Veterinary Medicine at the Ohio State University to start his own food animal and equine veterinary services business in his 60s.

Dr. Welker discusses:

  • His background as a veterinary professional for 30 years
  • His experience after leaving his job in the academic world and starting Welker Veterinary Services
  • The steps he had to take to start this business without any prior experience
  • The economic differences between working for someone versus being a solo practitioner
  • The importance of liking what you do
  • His company’s present and future plans
  • And more!

Connect with Gregory DuPont:

Connect with Dr. Bimbo Welker:

About our guest:

Dr. Bimbo Welker is a 1980 DVM graduate of Texas A&M University and completed an MS in Veterinary Clinical Sciences at Ohio State in 1984. Dr. Welker has worked as a Clinical Associate Professor in the OSU College of Veterinary Medicine based at the Marysville clinic providing clinical service and teaching since 1991. After 28 years of providing veterinary service to the Marysville community, he retired from the OSU Large Animal ambulatory clinic in 2019 to found Welker Veterinary Services.




FEATURE

Preparing Yourself to be Financially Ready for Elderly Care (Ep.34)



52% of people turning 65 are going to need some type of long term care over their lifetime. Aging parents is something many of us are going to have to deal with at some point in our lives. 

In this episode, Greg DuPont talks about how important it is to start budgeting for your future healthcare costs and figuring out how your parents can budget for theirs. With the right planning, you can make this inevitable journey a lot smoother.

Greg discusses:

  • The nationwide average cost of elderly care per month
  • The difference between long term care and assisted living
  • How many retirees end up with dementia or some health issue
  • Strategies to help you save on long term care in the future
  • And more!

Connect with Gregory DuPont:


FEATURE

Understanding the Historical Trends of the Markets (Ep.33)



Do you believe that history tends to repeat itself? The markets have been down recently and if it is anything like the past, it could be down for a while.

In this episode, Greg DuPont goes back as far as 1897 to explain how the markets have been working and how trends tend to repeat themselves. In order to improve at what we do, we have to learn from the past to avoid the same mistakes. 

Greg discusses:

  • The history and trends of the market
  • The Shiller PE ratio and the S&P 500 
  • Who is going to be affected by the markets the most
  • Is the market going to continue to decrease
  • And more!

Connect with Gregory DuPont:


FEATURE

Real Estate Market Opportunities Right Now! Part 2 With Richard Davis. (Ep.32)



In the previous episode, we talked about some challenges real estate investors may face as well as the opportunities for them.

In this episode, Richard Davis is back to dig into more specifics about real estate. If you are currently looking for additional sources of income, tune in today for some tips and tricks you can use to start earning with these opportunities in real estate.

Richard discusses:

  • Niches to add to your real estate portfolio
  • The major opportunity in real estate with baby boomers
  • The future of modular buildings 
  • Running a part-time Airbnb 
  • And more!

Resources: 

Free copy of Get The Most Money For Your Real Estate Investment by Rick Davis

Connect with Gregory DuPont:

Connect with Richard Davis

About our guest:

Rick Davis is an experienced Real Estate Agent, Commercial Builder, New Home Builder and Insurance Adjuster, licensed and experienced in commercial and residential real estate sales construction and restoration. He was first licensed in Real Estate in 1972, then in Construction in 1976.  He is licensed in Pennsylvania, Maryland and Florida.

 


FEATURE

Real Estate Market Opportunities Right Now! With Richard Davis (Ep.31)



With real estate at all time highs, what kind of opportunities are there available to make the most out of it?

In this episode, Greg DuPont is joined by Richard Davis, an expert in what is happening in the real estate industry currently. He explains how you can make the most of the housing industry when it comes to figuring out if you should sell, buy, or rent your house/properties and the best ways to do it.

Greg discusses:

  • The opportunities for individual investors in real estate
  • The problems with interest rates and inflation when purchasing a home
  • Why a cap rate is important in real estate investing and what it means
  • Finding deals with housing auctions
  • And more!

Resources: 

Free copy of Get The Most Money For Your Real Estate Investment by Rick Davis

Connect with Gregory DuPont:

Connect with Richard Davis

About our guest:

Rick Davis is an experienced Real Estate Agent, Commercial Builder, New Home Builder and Insurance Adjuster. licensed and experienced in commercial and residential real estate sales construction and restoration. He was first licensed in Real Estate in 1972, then in Construction in 1976.  He is licensed in Pennsylvania, Maryland and Florida.

 


FEATURE

The Upcoming Paradigm Shift in the Economy (Ep.30)



Are we headed towards stormy seas when it comes to inflation and the economy? 

In this episode, Greg DuPont talks about why he believes there are some big changes that are going to happen to our lives in the next 10 – 20 years. With new technology, we can expect a longer life span, and with that comes many more possibilities we did not think possible.

Greg discusses:

  • The economic, demographic, and sociological changes on the horizon
  • Whether cash is the safest investment right now
  • What retiring later may be able to do for you
  • The opportunities available in the next few years
  • And more!

Resources: 

Book: Life Force by Tony Robbins

Connect with Gregory DuPont:




FEATURE

Things You Should Know Before a Recession (Ep.29)



Have you had to cut back on your daily spending recently? With inflation increasing rapidly and interest rates rising, our purchasing power is quickly decreasing.

In this episode, Greg DuPont is joined by Kirk Chisholm to talk about why a recession is happening. You may want to put your money into stocks or cryptos to avoid losing to inflation, but is that a good idea during a time like this?

Greg and Kirk discuss:

  • Predictions for economy growth in the foreseeable future
  • How your monthly payments could double with inflation
  • Is a recession happening?
  • Stocks vs Bonds vs Cash vs Gold during a recession
  • And more!

Resources: 

Money Tree Investing

Connect with Gregory DuPont:

Connect with Kirk Chisholm

About our guest: 

Kirk Chisholm is a Wealth Manager and Principal at Innovative Advisory Group, an independent Registered Investment Advisor located in Lexington, MA. He has been providing wealth management services to individuals, executives, entrepreneurs, and their families since 1999. He is an outside the box thinker, risk manager, inflation expert, blogger, podcaster, and all-around interesting guy. Kirk is dedicated to developing lasting relationships with all of his clients and their families. One of the benefits of working with Kirk is his patience, empathy, and his ability to provide clear and easy-to-understand explanations to complex financial topics.


FEATURE

An Unpredictable Future With Biotech Advancements. (Ep.28)



With new biotechnology being released daily, what we once knew in the medical field is being replaced by new discoveries. Harvard medical school reported that the half-life of medical knowledge was 18 to 24 months and is predicted to be decreasing rapidly. 

In this episode, Greg DuPont is joined again by John McConnel to talk about what the future holds for the rapid advancements in biotech. With the possibility of an extended life span, what does it mean for the stock market and your retirement planning?

Greg and John discuss:

  • Where biotech is headed
  • What the advancement in medicine has done for patients already
  • Changing your priorities when planning for the future
  • The effect baby boomers can have on the stock market
  • And more!

Resources: 

Book: Life Force by Tony Robbins

Podcast: Exponential Wisdom by Peter Diamandis and Dan Sullivan

Connect with Gregory DuPont:

Connect with John McConnell:

About our guest:

John is passionate about sharing the truth around retirement planning. He started his career at Morgan Stanley and progressed into a long-term care and disability brokerage firm. He was later recruited by MetLife as one of six product specialists throughout the country. John was then sought out by one of the country’s largest distributors of retirement solutions before returning to his true calling of helping retirees navigate this unusual time that we now live in.