Managing Tech Millions 010: How to Use Risk to Build Wealth with Tech Equity
Episode 10: How to Use Risk to Build Wealth with Tech Equity
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Welcome to the latest episode of Managing Tech Millions, where we discuss all things related to the tech industry and how to make the most of your time and talent. Today, we're diving into the importance of managing risk when trading time and talent for tech equity.
Let's face it, risk is an inherent part of any investment. However, as employees, we have a unique opportunity to manage risk by aligning our risk management strategies with our financial goals. In this episode, Christopher Nelson provides examples of how managing risk should be an active part of your financial planning, whether you're saving for a down payment on a house or thinking about investing in your career capital by joining a promising company.
Have you ever wondered how to mitigate risk when choosing a manager or evaluating a company? Stay tuned, as Christopher will also share tips for creating an avatar to guide you in these important decisions. He'll also highlight the importance of asking good interview questions to assess both the company's and your own risk tolerance.
To sum it up, evaluating risk and aligning financial goals with the companies we work for is a crucial part of building a successful career in tech. Join us for this episode of Managing Tech Millions to learn more about managing risk and making the most of your time and talent in the tech industry.
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In this episode, you will hear:
- The concept of risk and its significance when analyzing investments and making financial goals
- The importance of managing risk around career capital, which includes education, experience, and results. He emphasizes the need to consider the manager and their qualities when choosing a job opportunity
- The importance of creating an avatar to identify the desired attributes in a manager and how it helps mitigate risk
- The significance of building core skills and exposure to high-exposure projects, and the importance of aligning with a manager's goals
- Asking interview questions to assess a manager's professional networking, skill-building, and conference participation, and how it affects risk management
- Varying levels of risk and reward in real estate investments, ranging from low risk with established buildings to high risk with undeveloped land
- Investing in non-public companies without liquidity access
- Possibility of finding liquidity for employees of non-public companies through secondary markets, using the example of Stripe and other unicorns that trade privately
Resources:
From No Dough to IPO: A Proven Playbook for How to Trade Your Time and Talent for Tech Equity
Episode 06 - Maximizing Your Earnings in Tech: A Comprehensive Guide to Working for Equity
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