Financial Independence for Millennials: Insights with T.J. Van Gerven | The Better Than Rich Show Ep. 195

In this episode, Andrew Biggs speaks with financial advisor T.J. Van Gerven about practical wealth-building strategies for millennials. Topics include the FIRE (Financial Independence, Retire Early) model, equity compensation, real estate vs. stock market investing, and financial planning for married couples. T.J. also shares advice on planning sabbaticals and achieving a fulfilling life through intentional decision-making.

Chapters:

• 00:00:00 - Introduction to Building Wealth Through Equity Compensation
• 00:00:38 - Welcome to the Better Than Rich Show
• 00:00:41 - Meet T.J. Van Gerven: Financial Advisor for Millennials
• 00:01:01 - Why Millennials Need Unique Financial Planning Approaches
• 00:01:25 - Breaking Down FIRE: Financial Independence, Retire Early
• 00:02:44 - The Benefits of Starting Financial Planning Early
• 00:05:39 - Big Picture Strategies for Financial Success
• 00:12:49 - Real Estate vs. Stock Market: Choosing the Right Investment
• 00:16:20 - Financial Planning Tips for Married Couples
• 00:19:09 - How to Maximize Equity Compensation for Wealth Building
• 00:21:14 - Tax-Saving Strategies: Long-Term Capital Gains and AMT
• 00:21:49 - Managing Stock Options and Restricted Stock Wisely
• 00:22:22 - Diversification: Avoiding Risk by Spreading Investments
• 00:24:06 - Planning for Sabbaticals and Life's Bucket List Goals
• 00:26:27 - Should You Use Life Insurance as a Financial Strategy?
• 00:30:16 - Smart Investment Principles and Avoiding Market Speculation
• 00:33:23 - Understanding Compound Interest and Preventing Loss
• 00:34:42 - Final Thoughts: Key Takeaways for Building a Fulfilling Life

Connect with T.J.:

• ⁠Modern Wealth Builders⁠⁠
• LinkedIn⁠

Book Recommendations:

• ⁠The Almanack of Naval Ravikant⁠ by Eric Jorgenson
• ⁠The Psychology of Money⁠ by Morgan Housel
• ⁠A Random Walk Down Wall Street by Burton Malkiel
• ⁠A Guide to the Good Life: The Ancient Art of Stoic Joy⁠ by William B. Irvine

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