Maximizing Tax Benefits with TurboTax and Nerd Wallet

Explore how TurboTax assists individuals in optimizing tax benefits through eligible credits and deductions, alongside the importance of credible financial advice from sources like Nerd Wallet for smarter financial decisions.

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Kyle Grieve chats with TIP Mastermind Community member David Fagan about the universal truths about money, hidden areas of life where compounding happens, why we should welcome doses of luck to help us succeed, how to be financially unbreakable, why asymmetric investments are so powerful, why we all must pay a fee to earn our wealth (and why it’s worth it), the power of narratives in building wealth, and a whole lot more!

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

04:29 - Why we disagree with others on money and why that’s ok.

12:07 - Why we should all strive to compound knowledge.

14:04 - What shapes our willingness to bear risk.

14:04 - The role of luck in success and failure.

14:52 - Why we should understand how luck impacts our outcomes.

16:53 - Why saving can increase happiness.

16:53 - Why building wealth has little to do with your income and everything to do with your savings rate.

22:51 - How you can be wrong 50% of the time and still generate life-changing wealth.

22:51 - The power of concentrated bursts of activity while defaulting to inactivity.

23:41 - Why it’s so difficult to understand the effects of compounding.

25:13 - Why it can be hard to “see” wealth, but not the rich.

25:13 - Why the stock market offers asymmetric upside.

29:43 - How to use history to help guide us into the future.

30:22 - Why we should expect to be surprised regularly.

41:07 - The hidden costs of success.

41:26 - Why we should be willing to pay the fees to benefit from investing.

41:26 - What those fees are and why they can be perceived as being difficult to pay.

44:41 - Why you should be financially flexible.

49:22 - How Kyle and David think about saving and investing.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Buy a copy of The Psychology Of Money here.
Check out the books mentioned in the podcast here.

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SPONSORS

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Connect with David: LinkedIn | Website

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