This week, we are revisiting our discussions on budgeting. We’ve talked in previous week’s about how I don’t budget and I personally practice reverse budgeting. In this week’s video, we are going to run through a comparison of traditional budgeting and contrast it with reverse budgeting. So let’s start with what traditional budgeting actually is. Traditional budgeting in essence is…
Category: YouTube
Estate Planning 101: What You Need To About The Basic Documents, Wills, & Trusts
In this week’s video we’re going to look at an introduction to estate planning. This will kickoff a series of estate planning posts that will explore more in depth concepts surrounding it. Estate planning is often the most overlooked area of people’s financial lives. It’s thought of as expensive and boring, or ignored altogether because people think they do not…
How Each Type Of Investment Account Is Taxed
The prior week we introduced some basic tax concepts that everyone should know. This week, we are going to continue to build on that foundation by discussing the different types of retirement accounts and investment accounts, and how they are impacted by taxes. This week’s video will delve into all of this in detail. Understanding how these accounts work can…
How You Are Taxed: Income Taxes Capital Gains& Dividends
Last week, we discussed more on good budgeting practices. This week, we’re going to turn the page to the world of taxes. We are going to walk through a few introductory topics on what most people deal with year-over-year in their filings. We’ll discuss: So let’s jump into tax rates. In this week’s video, I use the example of a…
How To Manage Your Income When You Have A Commission Based Job
In the prior week’s we’ve been talking all about budgeting and managing cash flow. This is difficult enough with a fixed regular income. This week, we’re going to address those of you that have irregular incomes. Irregular income is income that is earned in variable amounts throughout the year – think commission, quarterly bonuses, or solo entrepreneurship. Any of those…
A Better Alternative to Budgeting
Last week we discussed how to understand your monthly budget, your cash flow, and how to automate your savings. We started out with what is usually considered to be the most boring part of managing your finances. It’s everyone’s least favorite thing to do. At the end of the day, budgeting is a short term exercise. In this week’s video,…
Managing Cash Flow and Setting Automation
When people hear budgeting, they think: – Boring – Restricting – A hassle Let’s do away with that paradigm and get you on the path to financial freedom. It’s time to set up your financial life so that you know exactly where you stand and what is available to you. In this post we’re going to go over how to…
Understanding Restricted Stock Units (RSUs): the Basics & Taxes
Equity compensation is becoming increasingly popular. It incentivizes employees to maximize performance because when the company does well, they do well. Today, we’re going to go through an example of equity compensation in the form of Restricted Stock Units (RSUs). In this week’s video, I’ll go over everything you need to know about RSUs. I use Eli Lilly as an…