This is the place where tech workers come to get smarter about their money. Hosted by CERTIFIED FINANCIAL PLANNER™, speaker, blogger, and self-proclaimed personal finance nerd Malcolm Ethridge, this show seeks to shake up the traditional approach to personal finance and make concepts such as investing, tax planning, real estate, cryptocurrency, insurance, equity compensation and other executive benefits more accessible to the tech community. Once referred to as the "Stuart Scott of personal finance," Malcolm's approach is both relatable and entertaining for audiences of all ages and experience levels.
65. Understanding Your Investor Personality
In this episode, Malcolm Ethridge sits down with friend of the show, Chris Hill, to discuss ways to identify and develop your own investor personality. Chris reflects on some of his best and worst investing decisions over the years. And the pair share some of their own rules for determining which stocks to buy and when.
Chris Hill discusses:
The difference between being a value or growth investorHow to determine when it’s time to buy or sell a stockThe importance of dividends and whether you consider a stock that doesn’t offer oneHow his investing preferences have changed as he has gotten older and become a more experienced investor
Connect With [GUEST]:
LinkedIn: Chris HillTwitter: Chris HillMotley Fool Money Podcast
Connect With Malcolm Ethridge:
The Tech Money Podcast LinkedIn: Malcolm EthridgeConnect with Malcolm @MalcolmOnMoney
About Our Guest:
Chris Hill hosts "Motley Fool Money", a daily podcast. He also oversees The Motley Fool's growing network of podcasts and audio programming. A graduate of Boston College and The American University, Chris lives and works in Alexandria, Virginia.
64. Managing Financial Regret with Aja Evans
According to a recent survey conducted by Bankrate dot com, Americans’ biggest financial regret is not saving enough for emergencies. In fact, 20% of respondents gave this answer - even topping the reigning top response related to saving too little for retirement. And when broken down further, older millennials (36 percent) were more than twice as likely than baby boomers (14 percent) to say they regret not having a strong enough emergency fund. And when asked what they intend to do with their money going forward, 26% of respondents said they will save more for emergencies, while another 21% said they will spend less.
Of course, this poll was administered in the shadow of the Covid-19 pandemic and all of the financial disruption that has come along with it. But it got my attention that when asked about financial regrets, the answer had nothing to do with saving for the long term. It was about the here and now.
In this episode, Malcolm sits down with Aja Evans, a Licensed Mental Health Counselor who specializes in financial therapy, to discuss the concept of financial regret, how to recognize it when you feel it, and how to move past it once you do. Aja and Malcolm share some of their own personal stories, and Aja remembers the very moment she realized she wanted to work with people to take control of their emotions around money.
Aja Evans discusses:
Why it is so difficult for us to talk about money in an open and honest setting with friends and familyThe importance of focusing on your own financial situation rather than comparing yourself to othersHow to go a few layers deep and identify the true reason for the feelings we have about our moneySome exercises she recommends to clients to help them identify them moments when they feel anxious about money
Connect with Aja Evans:
Aja Evans CounselingLinkedIn: Aja Evansaevans@ajaevanscounseling.com
About the Guest:
Aja Evans is a Licensed Mental Health Counselor who specializes in financial therapy. She likes to say that she is on a mission to get more individuals engaged in living their best life, while attuning to their thoughts, feelings, and behaviors around money. In January 2015, she launched Aja Evans Counseling, a New York-based financial therapy practice where she supports clients to begin working towards a better version of themselves. In addition to her work as a financial therapist, Aja is a speaker, writer, and fintech consultant, focusing on the intersection of mental health and money. She believes that whether you are struggling with anxiety, self-esteem, relationships, or regret, gaining control of your finances will help you live the life you want.
63. The Importance of Managing Your Own Personal Finances as a Founder
As a founder, it can be challenging to know when to make the shift from pouring every dollar you have into getting your startup off the ground to taking a few chips off the table to eventually paying yourself first. However, every business owner should begin to separate their own personal finances from the business … Continue reading 63. The Importance of Managing Your Own Personal Finances as a Founder →
62. The Importance of Knowing Your Numbers as a Founder with Jason Ray
For startups, investors often put a lot of emphasis on cap tables. They want to see a diluted picture of equity ownership among you as a founder, any co-founders or partners, early investors, and key employees before they’ll seriously consider handing over a check to invest themselves in your company. That’s because a healthy cap … Continue reading 62. The Importance of Knowing Your Numbers as a Founder with Jason Ray →
61. Estate Planning for Concentrated Equity Positions with Aaron Rubin
Though it may seem like a very distant and high-class problem that only the super-wealthy among us will ever have to contend with, for many tech workers who have accumulated a significant sized stake in their employer, it is not unlikely that estate taxes are something they will have to consider as a part of … Continue reading 61. Estate Planning for Concentrated Equity Positions with Aaron Rubin →
60. The Ins and Outs of Crypto Taxes with Micah Fraim
As anyone who has ever bought and sold any sort of digital asset in the last couple years can attest, the rules and regulations around reporting those transactions to the IRS can be very fuzzy. Coupled with the lack of information made available by the IRS itself, and the lack of general knowledge and adoption … Continue reading 60. The Ins and Outs of Crypto Taxes with Micah Fraim →