If you’re in a place with equity compensation, you’ve probably encountered a ton of fancy terms and lingo that can leave you scratching your head. One term that’s important but often misunderstood is the “83(b) election.” This one’s crucial, especially if you’re holding restricted stock (not to be confused with RSUs) or stock options. Not understanding this election could mean…
If you’re looking to save money on healthcare costs, you might have heard of Health Savings Accounts (HSAs). HSAs are a popular option for many people, but what exactly are they, and how can they benefit you? Oftentimes I find millennials mixing up FSA’s (flexible spending accounts) and HSA’s. FSA’s are a great option for those who want to contribute,…
This is going to be a short but powerful one this week. Whether it’s finances, health, business related, etc. one of the hardest things to fathom is that you don’t know what you don’t know. You not only have biases and blindspots that can lead to mistakes, but you also have a lack of information as well. When you don’t…
They say an athlete dies twice: once when they retire, and once when they pass away. What they mean by this quote is that athletes, who have dedicated their lives to their sport, face a difficult transition when they retire. From a young age, their focus everyday has been on training, competing, and striving for the next level. Then suddenly,…
After working with over 100 millennial households over the past 4 years: I have learned many make the same costly mistakes. One’s that you can avoid by learning! Here are the 11 most costly you need to avoid. 1) Spending More Than You Make Too many people try to live lavish life styles they can’t afford. And I am going…
I was apart of the horrible Southwest cancellations in late December. And when I say horrible, I mean horrible. We were set to fly back on the 26th from Phoenix to Milwaukee with a quick layover in Denver. We got to Phoenix and both flights were on time. We were feeling great. But things started to shift during our hour-long…
“What would you do if you were me?” This is the top question I get asked from friends and family. Here’s exactly what I would do if I was starting out as a millennial. 1. Get A Grasp Of Your Cash Flow Managing your cash flow always has to be step #1. If you cannot live on less than you…
Are you looking for a way to take your income to the next level? Look no further- today we share 5 “Income Accelerators” with you. Jeff Rose is a Certified Financial Planner and founder of the award-winning blog GoodFinancialCents.com. He went from over $30,000 in debt to becoming a multi-millionaire by working tiredly to perfect ways to increase his income…
Managing cash flow is hard enough when your income is regular. Now add in the complexity of being a soloprenuer with irregular income, and you can see how that would be difficult. I currently work with some people who make 75% of their revenue in just 2 months a year. This irregularity creates complexity within your cash flow. In this…
Most millennials lack organization when it comes to their finances. They have no idea how much they spend or on what and that leads to very little saving in the long run. Here’s the good news, this is fixable. You just have to setup an automated financial system. Here’s how 👇 Creating an automated financial system sounds more complex than…