Benefit from Stop, Start, Continue!
Benefit from Start, Start, Continue! This technique applies to many areas of life - including personal finance.
Rich Is Flashy
Rich is flashy. However, few things can destroy someone’s wealth faster than trying to look rich.
Own Like a Billionaire?
A lot of the focus has been on how much those with significant wealth own. However, what they own might be even more interesting! This article leverages data from the Federal Reserve to compare what households own at varying levels of wealth.
Is a Home an Investment?
Is a home an investment? The majority of voters in a recent LinkedIn poll think so! However, it’s worth a deeper dive.
Potential Financial Steps for T-Mobile Employees in April
What financial steps might T-Mobile employees take in April? Options could include: evaluate stock purchased at a discount, file tax return(s) or extension(s), make tax payment(s) or plan refund(s), review / rebalance investment portfolio, replenish emergency fund, and review tax refund(s).
Raise Rent on Parents?
Does it make sense to raise the parents’ rent?
Will You Owe Estate Tax?
Will you owe estate tax?
How Does an ESPP Work?
How does an Employee Stock Purchase Plan work?
Potential Financial Steps for T-Mobile Employees in March
What financial steps might T-Mobile employees take in March? Options might include: select employee stock contribution %, plan major expenses, finalize last year contributions, prepare taxes, and schedule summer Paid Time Off (PTO).
What to Do with RSUs?
What to do with Restricted Stock Units? There are at least fifteen (15) things to do besides hold onto the shares.
Frequent Restricted Stock Unit Vests May Be Win-Win-Win
How often Restricted Stock Units vest varies wildly from company to company. Shortening the time between vests may benefit companies, employees, and shareholders. However, employees stand to gain the most.
Sammy Says! 13 Things the U.S. Tax Code Encourages
Sammy Says! The U.S. Tax code encourages many things. Some of them include: 1. Get educated. 2. Get a job. 3. Earn some money. 4. Don’t make too much. 5. Pay medical expenses. 6. Get married. 7. Buy a home. 8. Go green. 9. Have or adopt children. 10. Invest long-term. 11. Save for retirement. 12. Give some away. 13. Don’t get too rich.
Love Future You
You know who could use some love? Future you! Many people receive their annual raise and bonus this time of year, making now a prime time to increase saving.
Potential Financial Steps for T-Mobile Employees in February
What financial steps might T-Mobile employees take in February? Options might include: update saving for raise and bonus, schedule tax prep meeting, gather tax forms and create checklist, accept Restricted Stock Units and grant, and review / rebalance investment portfolio.
Ignoring the Spousal IRA?
One of the most often overlooked opportunities is the spousal IRA. A spousal IRA is a traditional retirement account a spouse can contribute to despite earning little or no income. Contributing to a spousal IRA may help a couple lower their taxable income, reduce their taxes, and save for retirement.
Your Last Career Will Be Investor
When I was in high school, a mentor told me something that stuck: "No matter what you do, your last career will be investor." Three of the many reasons to learn how to invest include: 1. No one cares about your money as much as you. 2. You know yourself best. 3. It costs a lot to have someone manage investments.
Money and Freedom on MLK Day
A part of Dr. King’s “I Have a Dream” speech that resonates with me is early on when he uses debt as a metaphor for human rights. It’s beautiful how he articulates that the lack of freedom is a debt owed by the U.S. government to all Americans. I often equate money with freedom. However, I find the “Earn More!” / “Spend More!” debate comical. Do both! The forces amplify!
Investing in or Betting on Real Estate?
I know many people betting on real estate. They’re not investing! What’s the difference? Profitability. Someone's home is not an investment. It's a lifestyle! If it were an investment it'd be crazy expensive. This article explores these and many other real estate misconceptions as well as frameworks.
Potential Financial Steps for T-Mobile Employees in January
What financial steps might T-Mobile employees take in January? Options might include: submit dependent care reimbursements, update net worth estimate, refresh long-term projections, evaluate Mega Roth, begin gathering tax forms, and plan summer vacations and camps.
2023 Year in Review
2023 was a busy year! Inflation started hot and has since cooled. There were widespread tech layoffs. The S&P 500 returned 26.3% for the year. Billions in student loans were forgiven. Revenge spending included international travel and over $1,000 concert tickets.
