Capital Advisory Group - July 2022

Capital Advisory Group - July 2022

THE WEALTH ZONE

July 2022

119 Old State Rd., Ellisville, MO 63021

CapitalAdvisoryGrp.com

And We’re Live On-Air! My Experience Hosting My Own Radio Show

The tax world can be confusing because of all the changes, revisions, and updated and revised laws. As a result, you may be overwhelmed with what to do, what’s new, and everything in between. This is why I use all networks and platforms to explain everything tax-related to help you stay informed about what’s going on and help you keep more of your wealth. One of the most recent platforms I started using was the radio. I am on the air at ABC radio every Saturday from 3–4 p.m.

me what the name of my book was and my mind went blank — I couldn’t remember the name of my own book! Luckily, she had a copy of it beside her, so I looked at the book and read the title

aloud. I then proceeded to look up and smile at her, and we all shared a laugh. We didn’t have a name for my show when we first started, but I decided to have the same title of my book as the title of the show. So now, I can’t forget the name of my book! Today when I’m on-air, I hardly get nervous — it’s like second nature to me now. One of my favorite things about being on the radio is the ability to talk candidly and generically about what’s going on in the tax and financial world. I like to talk about issues that I’ve heard from all of you and offer solutions to your concerns. For example, I spoke about stimulus and child tax credits in the last couple of years since those are areas that my clients have had questions about. I’ve always wondered how many people tune in to the show. But I do know there are listeners out there. I was at a graduation party, and as I conversed with others, a guy came up to me and said, “Hey! I listen to your radio show!” That was the first time someone spotted me in public from my radio show. What a fun and exciting experience! If you would like to tune in and listen to “Keep What’s Yours,” it’s on every Saturday at 3 p.m. To receive a FREE copy of my book, you can call our office and reference your interest in receiving a copy. Likewise, if you ever have any questions or concerns about tax and financial planning, I am always here to help. So, give me a call today! I will be happy to help in any way I can.

You might be asking yourself, how did I get on the radio? So, let me start from the beginning.

I got involved in radio a few years ago. I began as a sponsor for ABC’s radio tax tips, where I did advertisements for Capital Advisory Group. But then, a slot opened up, and I decided to take it. The show is based on my book, “Keep What’s Yours: How to Leverage the New Tax Law to Create Unfair Advantage Over Your Competition,” and I discuss all sorts of tax and financial matters, such as what’s going on with the IRS, tax news from different states, new tax laws, and adjustments to laws. We are now working on taking previous episodes and converting them into podcasts so people can access them at any moment. My first time on-air is a memory I will never forget. I didn’t even know I was going on-air until a few seconds before going live! When I entered the studio, my initial thought was that I would be doing advertisements. But suddenly, I heard someone behind me say, “Hey Jeff, hurry up. It’s time to go.” I felt so confused, and I had no idea what was happening. The next thing I knew, I walked down a hallway toward Jennifer Bloom and took a seat in front of a microphone, and then, I was on-air. I was a nervous wreck that day because I felt caught off-guard and unprepared. The show went really well, despite being extremely nervous — I had cold sweats the entire time. At the end of the show, Jennifer talked about my book and how people could access it. She asked

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According to AAA, millions of Americans take “culinary- focused vacations” every year. We’ll travel to Philadelphia for cheesesteaks, Texas for barbecue, Louisiana for gumbo … you get the idea. Our culture loves to eat! If you’re a traveling foodie, you are in luck: Add these three summer festivals to your must- visit list for this summer or future food-finding trips. Don’t Miss These 3 Festivals Traveling for the Food?

Advocating for Women Around the World MEET WHITNEY WOLFE HERD

Pierogi Fest (Indiana) July 29–31 — PierogiFest.net

The Polish pierogi is a humble food: mashed potatoes and cheese wrapped in soft dough that’s either fried, baked, or grilled to perfection. But simplicity should be celebrated! In Whiting, Indiana, Pierogi Fest is a three-day affair that brings in more than 300,000 people for events like a Polka Parade, a pierogi toss, and, of course, pierogies stuffed with everything from cheese to alligator meat. Of course, there’s also a beer garden, because as the organizers put it, “Beer and pierogies go together as well as peanut butter and jelly.”

Editor’s Note: The following article mentions sexual assault.

Dating apps are very popular with the younger generation, and one app has taken the world by storm. Bumble Inc. was created in 2014 by Whitney Wolfe Herd and is an online dating platform where women get to message their matches first. Just two hours after Bumble launched, its stock price soared, making her a billionaire. She is now one of the top female CEOs in tech and the founder of one of the largest dating apps in the world. Wolfe Herd’s experience with toxic and abusive relationships and misogyny within the tech industry inspired her to create Bumble. She was the co-founder of Tinder in 2021, another dating app, but she soon left the company after an executive (who was also her boyfriend) sexually harassed her. Wolfe Herd then sued Tinder over these allegations, but Tinder denied any wrongdoing. Eventually, both parties settled. This experience pushed Wolfe Herd to challenge dating norms, and she wanted to inspire women to take their power back. Although Bumble is known for allowing women to message their matches first, this only scratches the surface of Wolfe Herd’s branding and marketing strategy. The app has grown beyond just dating — now, you can network professionally and find new platonic friendships. Wolfe Herd is focusing more on creating a brand that fosters a safe place for women to network — she wants it to be a women’s social platform. Today, Wolfe Herd is pushing Bumble into cultures and countries where women don’t traditionally have a voice. Although this may seem risky, she says, “We need to go where we’re needed the most.” She is also using her platform to advocate for legislation outlawing domestic and international digital sexual harassment. Wolfe Herd wants women to take control, and she will stop at nothing until she reaches her goals.

Grace Jamaican Jerk Festival (New York) July 31 — JerkFestivalNY.com

Yes, New York City is home to fantastic pizza and bagels, but it’s also a Caribbean food hub! At this festival, visitors can stuff themselves with jerk chicken, enjoy whole fish, and drink icies straight from hollowed-out pineapples. Six celebrity chefs will make appearances this year to compete in food contests and show off their Jamaican roots and/or dishes. When attendees aren’t eating, they can relax at a musical or cultural performance.

Key West Lobsterfest (Florida) Aug. 11–14 — KeyWestLobsterfest.com

This year is the 25th annual Key West Lobsterfest! Seafood lovers come from all corners to enjoy the crustacean-crazed festival, which includes a cinematic lobster boil at sunset, a lobsterfest pool party, a pub crawl, and an all-you-can-eat-and-drink lobster brunch. Head to the website to learn more and score delicious lobster recipes — even if you can’t attend!

Want more food festival intel? We’ve got you. Visit Insider. com and search “food and drink festivals” for a list of 28 top food attractions, ranked by Yelp reviews.

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CapitalAdvisoryGrp.com

Is It Time for a Financial Checkup? 3 Steps To Check Your Financial Health

To check your body’s health, you will go to the doctor for an annual physical. But when’s the last time you had a checkup for your financial health? These checkups can help you identify weaknesses and how you can improve on them in the future. Here are three steps to begin working on your financial checkup. 1. Update your budget. A 2021 study by The Penny Hoarder found that those who keep a budget are less likely to splurge on something that inhibits them from paying bills. Your budget will not be static — it will constantly change depending on your financial situation. Increase or decrease spending limits in a way that will currently fit your priorities and desires. This will help ensure that you have enough money to pay your bills, and you may even have some extra spending money. 2. Track your spending. If you’re wondering where all of your money goes, you could track your spending for a month to see what you need and don’t need. Instead of taking notes on the dollar amount you spent, write down notes on how you felt about the purchase. You may find that you eat out more than you thought or use one streaming service more than

others. This will help you decide if items you’ve purchased were necessary or not. 3. Look into your emergency fund. One key component of good financial health is ensuring you are prepared for emergencies and anything that might arise

unexpectedly. Does your car need to be repaired? Is there something that must be fixed in your home? Saving money in an emergency fund can make these situations less stressful. It’s best to review how much money you have set aside for emergencies. Experts suggest having between 3–6 months of expenses saved in case anything happens. To get into a better spot financially, start with your budget, what you’re spending, and what you can put away. It can be overwhelming to determine your financial health on your own; luckily, you don’t have to! Instead, allow your friends at Capital Advisory Group to assist you. We will be happy to conduct a financial checkup and see where your financial health is, along with providing tips to help you reach a better place.

Achieving financial security and success doesn’t always have an easy answer. Our team at Capital Advisory Group is dedicated to helping you protect your wealth, and while doing so, you may have the following questions: • What are the rules when investing in cryptocurrency? • Should I retire during a high inflationary period? • Which form of investing is best for me — active or passive? • What do I need to know if I’m retiring this year? If you are curious about any of the above questions, please call Capital Advisory Group today at (636) 394-5524! Have Questions? We Have Answers!

SUMMER CRAB AND LEMON CARBONARA

Fresh crab and lemon make this crowd-pleasing pasta dish perfect for summer.

Ingredients

Directions

• 12 oz bucatini pasta • 1/2 cup olive oil

1. In a pot of boiling water, cook pasta until not yet al dente. Drain and reserve 1 cup cooking liquid. 2. In a large skillet over medium heat, cook oil and garlic until lightly toasted. Add capers and black pepper, then stir for 2 minutes. 3. Add reserved cooking liquid to skillet and bring to a boil over medium heat. Stir in pasta and cook until al dente. Remove from heat. 4. Stirring constantly, pour egg yolks quickly into the mixture. Add cheese and chives, stirring well until sauce is creamy. Add crab, lemon zest, and lemon juice. Toss together and season with salt.

• 2 tbsp garlic, finely chopped • 1/4 cup drained and rinsed capers, chopped • 1 tsp coarsely ground black pepper • 6 large egg yolks, beaten • 3 oz Pecorino Romano cheese, grated • 1/2 cup fresh chives, thinly sliced • 8 oz fresh crabmeat • 1 tbsp grated lemon zest • 1 tbsp fresh lemon juice • Sea salt or kosher salt, to taste

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(636) 394-5524

Inspired by FoodAndWine.com

119 Old State Rd. Ellisville, MO 63021 CapitalAdvisoryGrp.com

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ISSUE INSIDE THIS

page 1

I Was a Nervous Wreck That Day

Meet One of the Youngest Self-Made Billionaires

page 2

page 2

3 Summer Food Festivals Worth the Trip

page 3

Is It Time for a Financial Checkup?

page 3

Summer Crab and Lemon Carbonara

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It’s National Ice Cream Month!

Do You Need To Cool Off? 3 ICE CREAM PARLORS FOR HOT SUMMER DAYS

Ted Drewes Frozen Custard 6726 Chippewa St. TedDrewes.com

Nothing is better than a sweet, cold treat on a hot summer day. Good thing July is National Ice Cream Month! To celebrate the holiday, here are a few ice cream parlors you and your loved ones can visit if you need to cool down or if you’re craving something sweet.

watering ice cream, they team up with local breweries to make alcohol-infused ice cream.

Ices Plain & Fancy 2256 S 39th St. IcesPlainAndFancy.com

Ted Drewes has been selling frozen custard for over 80 years. In 1930, Ted Drewes Sr. opened several shops to sell cool and sweet custards to the public. Since its creation, Ted Drewes Frozen Custard has been a huge success, and they have expanded their Chippewa location from five serving windows to 12. The family still runs the business, and it’s a massive hit for locals and tourists alike. The business sells specialty custards that change frequently, so you can try something new each time you visit! There is a little something for everyone during National Ice Cream Month. So cool off with the taste of sweet and savory ice cream!

Clementine’s Naughty and Nice Creamery 1637 S 18th St. ClementinesCreamery.com This creamery is known to have the most tempting ice cream in St. Louis! In fact, their ice creams are created using 100% all- natural ingredients and are made by hand. They also have vegan and nondairy options to choose from. On top of creating mouth-

Founded in 2014, this ice cream shop is just blocks away from Tower Grove Park in the historic Shaw Neighborhood of St. Louis. So,

before you stroll around the historic area, grab a sweet treat. Ices Plain & Fancy serves made-to-order nitro ice creams, boozy ice cream cocktails, and nondairy options. You can even watch workers create

their nitro ice cream, which is fascinating — perhaps you’ll see some tiny ice crystals.

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Securities offered through Kestra Investment Services, LLC, (Kestra IS), member FINRA/SIPC. Investment Advisory Services offered through Kestra Advisory Services, LLC, (Kestra AS) an affiliate of Kestra IS. Capital Advisory Group, Inc. is not affiliated with Kestra IS or Kestra AS. Neither Kestra IS or Kestra AS provide legal or tax advice and are not certified public accounting firms. KestraFinancial.com/disclosures