Stock options are a type of equity compensation, which is a way for employers to reward key employees beyond the usual paycheck. Most equity comp packages can provide a great opportunity to build wealth, but managing that well requires advanced planning. If you want to avoid making big mistakes with stock options, there are specific…
The 3-Step Process to Saving 40 Percent of Income
Prefer to listen rather than read? Pair this post with Episode 25 of the Beyond Finances podcast, where we talk about the process of saving 40 percent of income and the steps to take to make that happen. Do you know how much money you save right now? And perhaps more importantly… do you know…
3 Advanced Techniques to Elevate Your Financial Strategy
A lot of general money advice focuses on the fundamentals; there’s no shortage of tips out there that promise to teach you how to save, budget, spend less, and maybe even make more. This advice is important, and shouldn’t be dismissed. You can’t reach major success without mastering the basics (and in fact, more than…
How to Better Manage Money with Just Two Simple Rules of Thumb
Personal finance doesn’t need to be overly complicated. Yes, the complexity in your financial life will increase as you build assets and grow wealth—but don’t confuse complex for overly elaborate and impossible to understand. At the end of the day, most of what it takes to reach (and maintain) financial success comes down to some…
Wealth Management Is an Infinite Game. Are You a Good Player?
Despite the recent popularity of people playing day trader, trading stocks using gamified apps designed to hook your attention and keep you engaged is a risky proposition. Playing on trading apps is a great way to gamble while casinos operate in limited capacity due to the ongoing coronavirus pandemic, but it’s a poor strategy for…
Changing Your Investment Strategy Ahead of an Election… and Other Things NOT to Do
Unless you’ve been living on Pluto for the last few months, you know there’s a big election just weeks away in the U.S. And investors want to know: what does the outcome of that election that mean for the economy? Perhaps more importantly, what does it mean for your investment portfolio? Should you think about…
Have Equity Comp? Make Sure It Doesn’t Put Your Wealth at Risk
A version of this article was originally written for and published on Kiplinger. Equity compensation can be an extremely useful tool when it comes to building wealth. And just like any other tool you may use, you can leverage your equity comp to build something great — in this case, significant wealth — or, you…
5 Stock Market Basics You Ought to Know Before You Invest
The number-one thing to know about the stock market? It’s unpredictable. Think of it like a wild bull — and I don’t mean “wildly successful bull market” where everyone is always making money. I mean, literally a wild bull: a large, powerful entity that has zero interest in your personal concerns, feelings, happiness, or well-being….
Have Cash to Invest? 3 Common Stock Market Questions, Answered
If you have cash to invest, you might also have a lot of questions that you want to get clarity on before you make any money moves. Investing can get complex, and fast — and not everyone has the time or desire to dig into the research or sift through the noise in order to…
How to Do an Investment Advisor Search: 7 Ways to Find the Right Advisor
Recently, I spoke at an event about “how to be good with money.” It was a fun conversation and the audience was really engaged and eager to learn. After the event, one attendee approached me to ask a question. She wanted to know how to do her own investment advisor search, because she couldn’t find…