Money Guy Show Introducing 'Making a Millionaire'
4 snips
Jan 29, 2025 Discover inspiring true stories of wealth-building journeys and gain insights into financial education. Learn about deferred compensation plans, advanced strategies for high-income earners, and how to teach kids about saving and investing. Explore salary negotiation tactics that promote collaboration and value creation. Delve into the balance between accumulating wealth and enjoying meaningful life experiences, all while emphasizing personalized, actionable advice to fast-track your path to financial freedom.
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Deferred Comp
- Understand the risks of deferred compensation, especially if your employer's financial stability is uncertain.
- Read your company's deferred compensation plan rules carefully, noting potential tax implications upon job change.
Investing for Children
- Encourage children's financial literacy by matching their earned income in a custodial Roth IRA.
- Consider custodial Roth IRAs for children with earned income, promoting good financial habits early on.
Career Advancement
- Brian Preston recalls advising his first boss on career paths and firm opportunities during client rides.
- Bo Hanson's skill in creating win-win scenarios led to partial business ownership.