Lifestyle Creep Isn’t Your Friend Financial experts have long warned against the dangers of lifestyle creep. Yet, Ramit Sethi recently took to Twitter to argue that lifestyle creep isn’t necessarily a bad thing. While his perspective is intriguing, here’s why it completely misses the mark. What Exactly Is Lifestyle Creep? Lifestyle creep occurs when your […]
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Everything You Need to Know about Restricted Stock Units (RSUs)
In this comprehensive guide, we unravel the complexities of Restricted Stock Units (RSUs), helping you understand how to minimize tax liabilities tied to your equity compensation and maximize your earnings potential in a liquidity event. Table of Contents Introduction to RSUs Restricted Stock Units (RSUs) are a form of equity compensation. Unlike stock options, there’s […]
Are You a HENRY? Here’s How to Stop Being “Rich-ish” and Start Being Rich
The HENRY Paradox: Earning Big, Yet Not Wealthy You’re not alone if you’re pulling in a hefty salary but still feel like you’re living paycheck to paycheck. Welcome to Club HENRY: High Earners, Not Rich Yet. Let’s dissect why you’re in this club and how to graduate to bona fide wealth. What Makes You a […]
Think You’re Too Smart for Financial Mistakes? Your Blind Spots Disagree
Introduction You’re analytical, data-driven, and confident—traits that have served you well in your career and personal life. But what if I told you that these very traits could be your downfall when it comes to managing your finances? That’s right; even the most analytical minds have blind spots that can silently sabotage their financial success. […]
The Solo 401(k): A Game-Changer for the Self-Employed
Introduction Let’s cut to the chase: If you’re self-employed and serious about retirement, a Solo 401(k) could be your golden ticket. This blog post dives into the nitty-gritty of Solo 401(k)s, how they can supercharge your retirement savings, and why they’re especially beneficial for freelancers, consultants, and small business owners. What is a Solo 401(k)? […]
Tax Loss Harvesting: The Comprehensive Guide to Boosting Your After-Tax Returns
Introduction Tax loss harvesting is a financial strategy that can significantly improve your after-tax returns. In this comprehensive guide, we’ll explore what tax loss harvesting is, why it’s valuable, and how it can enhance your financial portfolio. We’ll delve into the IRS rules, tax planning, and portfolio management to give you a complete understanding of […]