Jet Setting Wealth Advisory

Are you ready to discover the secrets behind maximizing tax savings, building strong client relationships, and mastering the art of effective communication in the world of finance and entrepreneurship?

In this episode of Jet Setting Wealth Advisory, David T. Yu is joined by accounting professional and Managing Member of PRP & Associates, LLC, Paul Pahoresky. David engages in a dynamic conversation with Paul, shedding light on the transition from corporate finance to entrepreneurship. Paul’s insights, inspired by books like “The Lean Startup” by Eric Ries and podcasts such as “How I Built This” with Guy Raz, offer a fresh perspective on owning a business. By emphasizing the importance of balance and community involvement, Paul’s approach to financial services stands out in the industry, setting a high standard for client relationships and tax optimization strategies.

Key Takeaways:

→ Embrace business ownership without letting it consume you.

→ Explore new financial partnerships for better service and responsiveness.

→ Simplify accounting systems for better financial management.

→ Plan ahead with tax advisors for a smoother tax season.

→ Prioritize client communication through newsletters, emails, and phone calls.

More from Paul Pahoresky and PRP & Associates, LLC:
Email: Paul@PRPAssoc.com
Website: www.prpassoc.com/
LinkedIn: linkedin.com/in/paul-pahoresky

Engage with David T. Yu:
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How do you keep millions of passengers safe in the sky—and what happens when the future of flight includes no pilot at all? 

In this episode of Jet Setting Wealth Advisory, David T. Yu speaks with Captain John Cox, a renowned aviation safety expert with over 55 years of experience. Captain Cox has shared his expertise through Safety Operating Systems, shaping safety management systems globally. He emphasizes the importance of safety culture and the challenges faced by the aviation industry in integrating unmanned vehicles into airspace.

Key Takeaways:

→ Safety Management Systems (SMS) are crucial in reducing accidents and are increasingly adopted across various sectors.

→ Consistent funding for aviation safety is essential to address technological advancements and maintain critical infrastructure.

→ The integration of unmanned vehicles, like drones, poses significant challenges due to evolving technology outpacing regulatory frameworks.

→ Enhanced pilot training and the expansion of safety management systems are vital for continuously improving aviation safety.

→ Captain John Cox’s work continues to shape safety standards in the aviation industry, promoting a safer environment for all.

More from John Cox and Safety Operating Systems:

Email: jcox@safeopsys.com

Website: www.safeopsys.com/

LinkedIn: www.linkedin.com/in/john-cox-9996251/

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Visit: DTY Wealth Planning Solutions

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Are you maximizing your tax strategy to fuel business growth?

In the latest episode of Jet Setting Wealth Advisory, David T. Yu sits down with Bette Hochberger, CPA and founder of a modern, forward-thinking advisory firm. Bette reveals the power of proactive tax planning, sharing how her firm helps entrepreneurs, small businesses, and real estate investors optimize their finances. With a focus on cloud-based accounting and fractional CFO services, Bette explains how entrepreneurs can prioritize profit, streamline their financial operations, and navigate complex tax systems—particularly in emerging industries like crypto. She also highlights key tax-saving opportunities that are often overlooked, helping businesses stay agile, future-ready, and tax-efficient.

Key Takeaways:
→ Proactive Tax Planning: Optimize tax benefits through proactive planning
→ Cloud Technology for Efficiency: Enhance client services with cloud-first strategies
→ Profit First System: Prioritize profitability for sustainable financial management
→ Modernizing Accounting: Stay relevant by embracing technology
→ Specialized Tax Strategies: Tailored tax advice for entrepreneurs and investors

More from Bette Hochberger:

Website: bettehochberger.com
email: bette@bettehochberger.com

Linkedin: linkedin.com/in/bettehochberger
Facebook: facebook.com/BetteHochberger
Twitter (X): x.com/bettehochberger

Engage with David T. Yu:

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Visit: DTY Wealth Planning Solutions

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Are you aware of the hidden legal risks lurking in your aircraft ownership and operations?

In the latest episode of Jet Setting Wealth Advisory, David T. Yu is joined by David Norton, Head of the Aviation Practice at Shackelford, McKinley & Norton, LLP. David delves into the importance of aviation safety, compliance with FAA regulations, and responsible flying practices. He emphasizes the significance of understanding FAA regulations in aircraft ownership and operation to avoid illegal activities and penalties. David also highlights the financial aspects of aircraft ownership, stressing the need for strategic tax planning to prevent regulatory issues and maximize business deductions.

Key Takeaways:

→ Understanding FAA regulations is crucial for legal compliance in aircraft ownership→ Strategic tax planning is essential for optimizing business deductions in aviation

→ Aspiring aviators are encouraged to pursue passion and financial independence

→ Norton categorizes regulatory offenders into clueless, careless, and criminal

→ Career guidance emphasizes finding passion and giving back in aviation

More from David Norton and Shackelford, McKinley & Norton, LLP

Website: https://shackelford.law/
LinkedIn: https://www.linkedin.com/in/david-t-norton
Facebook: https://www.facebook.com/shackelfordmckinleynortonllp
Instagram: https://www.instagram.com/shackelford.law/
Twitter (X): https://x.com/_shackelfordlaw
Email: DNorton@Shackelford.law

Engage with David T. Yu:

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Visit: DTY Wealth Planning Solutions

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Are you curious about the secrets to a successful career in aviation? In this episode of Jet Setting Wealth Advisory, David T. Yu is joined by Erika Armstrong, the Director of Marketing for Advanced Aircrew Academy. 

Erika’s remarkable journey from a pilot at a small Minnesota airport to a prominent educator and business leader is a testament to resilience and adaptability in the ever-evolving aviation industry. Drawing from her experiences and insights shared in her best-selling memoir “A Chick in the Cockpit,” Erika delves into the importance of real-world experience, having a backup plan, and the balance between a college degree and quality flight training in navigating uncertainties in aviation careers.

Key Takeaways:

→ Erika’s journey: from a small Minnesota airport to the captain’s seat of corporate jets and commercial airliners

→ Importance of understanding personalities and organizational culture for success in aviation

→ Value of mentorship in aviation: avoiding mistakes, improving skills, and upholding safety and professionalism

→ Debate on college degree vs. flight training in aviation career development 

→ Transition and challenges for retired airline pilots entering corporate aviation: key considerations for success.

More from Erika Armstrong and Advanced Aircrew Academy:

Website: https://www.aircrewacademy.com/
LinkedIn: https://www.linkedin.com/in/achickinthecockpitb727/
Facebook: https://www.facebook.com/AdvancedAircrewAcademy
Twitter (X): https://x.com/AircrewAcademy

Engage with David T. Yu:

Connect on LinkedIn, Instagram, & FacebookSign up for our newsletter or book a call!Visit: DTY Wealth Planning Solutions

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Want to know how pilot retirements and aircraft delays are shaping the future of aviation careers? Tune in to our latest episode as Kit Darby returns to uncover the secrets of the pilot job market and strategic career planning in the sky!

In this episode of Jet Setting Wealth Advisory, David T. Yu welcomes back Kit Darby, a leading expert in pilot career development with over 40 years in the aviation industry, who provides insights into the complexities of the pilot job market through his consulting work at Kittar.com. Kit highlights the impending need for 3,500 to 4,500 new pilots annually, projecting over 80,000 job openings in the next decade. He emphasizes the impact of pilot retirements, the challenges posed by the COVID-19 pandemic, and the importance of data-driven decision-making in pilot career advocacy. 

Key Takeaways:

→ Looming shortage of pilots: 3,500 to 4,500 new pilots needed annually due to retirements and workforce growth.

→ Importance of strategic fleet management: Varied pilot requirements across aircraft types necessitate robust planning.

→ Retirement age extension debate: Considerations on career longevity and financial benefits in aviation.

→ Compensation balance: Impact of employee wages on airline profitability and industry sustainability.

→ Kit Darby’s expertise: Data-driven insights for pilots and airlines navigating the evolving job market landscape.

More from Kit Darby:

Website: Airline Aviation Expert Witness Services & Pilot Training Consulting

LinkedIn: Kit Darby | LinkedIn

Facebook: Facebook

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Ever wondered how to navigate the highs and lows of the airline industry to secure your dream pilot career? Learn how strategic planning, perseverance, and timing can make all the difference from our expert guest, Captain Kit Darby!

In this episode of Jet Setting Wealth Advisory, David T. Yu engages in an insightful conversation with Captain Kit Darby, a renowned expert in pilot career forecasting, with decades of experience at the intersection of aviation operation and workforce economics. He founded KitDarby.com Aviation Consulting to specialize in pilot career forecasting and airline industry trends, offering invaluable guidance to aspiring aviators on navigating hiring cycles and career strategies. Listen in as Kit highlights the significance of long-term career planning in the ever-evolving airline industry and details how strategic planning and perseverance can shape a successful pilot career.

Key Takeaways:

→ Strategic planning and perseverance are key in the cyclical airline industry

→ Building experience during downturns is vital for career competitiveness

→ Seniority is crucial; quick job acquisition is key

→ Becoming a wide body captain boosts salary and prospects

→ Balance financial planning, lifestyle choices, and insurance for career security

More from Kit Darby:

Website: Airline Aviation Expert Witness Services & Pilot Training Consulting

LinkedIn: Kit Darby | LinkedIn

Facebook: Facebook

Engage with David T. Yu:

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Visit: DTY Wealth Planning Solutions

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Ever wondered how meticulous asset valuation can impact your tax outcomes? Tune in to discover the secrets behind optimizing wealth transfer and tax compliance with highly regarded tax and estate planning expert, Eric Lanning!

In this episode of Jet Setting Wealth Advisory, host David T. Yu speaks with Eric Lanning, a highly respected counsel at Frost Law with over two decades of experience in taxation of insurance, annuity products, and estate planning. Eric shares invaluable insights into meticulous asset valuation, proactive estate planning, and the importance of tax-efficient setups such as LLCs for effective asset management. He also highlights the versatility of life insurance in tax and estate planning, emphasizing the benefits of tax-free growth and asset protection.

Key Takeaways:

→ Detailed asset documentation and running a business correctly can help navigate tax complexities.

→ Proactive estate planning is crucial to prevent family disputes and ensure smooth wealth transfer.

→ Utilizing tax-efficient structures like LLCs can optimize asset management strategies.

→ Life insurance serves as a versatile tool for tax planning, offering tax-free growth and asset protection.

→ Staying informed about potential tax law changes is essential for effective wealth preservation and asset growth.

More from Eric Lanning and Frost Law:

Contact: eric.lanning@frosttaxlaw.com

Website:

https://floridataxattorney.com/

https://askfrost.com/our-team/eric-lanning

LinkedIn:

https://www.linkedin.com/in/eric-lanning-j-d-ll-m-87ab69a6/

https://www.linkedin.com/company/frostlaw/

Engage with David T. Yu:

Connect on LinkedIn, Instagram, & Facebook

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Visit: DTY Wealth Planning Solutions

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What does it take to navigate the complexities of the aviation industry and emerge successful? Find out how the power of vision, resilience and a commitment to diversity can shape a thriving career in aviation. 

In this episode of Jet Setting Wealth Advisory, David T. Yu speaks with Diana Hernandez, the founder of Login Aviation Services. Diana’s path began during the 2008 financial crisis with an unexpected business opportunity in Florida, igniting a 20-year expedition from managing aircraft component sales to establishing her own thriving company. Her perspective on her journey highlights the importance of seizing opportunities and remaining open to new directions, as evidenced by her pivot from international business to the aviation industry. As an active member of the Fort Lauderdale chapter of Women in Aviation, she is dedicated to promoting diversity and inclusion, using her leadership to inspire and support emerging talent in the aviation field.

Key Takeaways:

→ Diana’s journey from managing aircraft component sales to founding Login Aviation Services showcases her vision, resilience, and passion for aviation.

→ Her dedication to fostering a supportive environment for women in aviation through organizations like Women in Aviation highlights her commitment to diversity and inclusion.

→ Diana’s progression from obtaining a private pilot license to becoming an instrument-rated pilot reflects her deep understanding of the industry, fueled by her background in aircraft maintenance.

→ The challenges of navigating aviation regulations stress the importance of compliance, staying informed about advancements, and networking within the industry.

→ Login Aviation’s expansion into private jet sales demonstrates their adaptability to client needs and market demand, aligning with Diana’s strategic vision and client-focused approach.

More from Diana Hernandez and Login Aviation:

Website: https://www.loginsvc.com/

Twitter: https://twitter.com/loginaviation

LinkedIn: https://www.linkedin.com/company/22340597/admin/feed/posts/

Facebook: https://www.facebook.com/loglnaviation

Instagram: https://www.instagram.com/loginaviation/

Engage with David T. Yu:

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Visit: DTY Wealth Planning Solutions

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Are you a business owner or an aspiring entrepreneur looking to minimize taxes, grow wealth, and avoid the most common financial pitfalls? This episode is your blueprint for building a profitable and sustainable business—without losing your mind (or your sleep).

In this episode of Jet Setting Wealth Advisory, David T. Yu speaks with Michael Reeder, CPA and Managing Partner of Reeder CPA Group. Michael is a trusted advisor to franchise owners and small business entrepreneurs, known for his deep expertise in strategic tax planning, entity structuring, and creative funding strategies. With over 14 years of experience and a nationwide network of franchise consultants, Michael shares his unconventional path from college wanderer to owning the very firm that hired him out of school. From using cold showers and intermittent fasting to maintain focus to guiding clients through ROBS C-Corp structures and the SBA maze, Michael brings practical insight and infectious energy to every topic.

Key Takeaways:

→ Bookkeeping isn’t just for taxes—it’s the foundation for strategic decision-making.

→ Strategic use of S-Corp elections and self-employed retirement plans can unlock major tax savings.

→ The Robs C Corporation structure offers a way to use retirement funds to launch a business—if used wisely.

→ Successful entrepreneurs prioritize low-cost living, self-discipline, and consistent routines.

→ SBA loans, securities-backed lines of credit, and defined benefit plans are powerful, underutilized tools for business growth.

More from Michael Reeder and Reeder CPA Group:

Website: https://www.reedercpagroup.com

LinkedIn: https://www.linkedin.com/in/michael-reeder-cpa

Engage with David T. Yu:

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Visit: DTY Wealth Planning Solutions

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