Gen One Legacy Peter Donisanu

Are you feeling uneasy with the recent stock market selloff? 

You're certainly not alone. 

After a surprisingly robust start to the year, the latest downturn can feel all too familiar, mirroring the intense market swings we've faced over recent years. 

In this episode, I’ll take you through the emotional journey of investing during these uncertain times. 

We'll revisit the S&P 500's strongest start post-pandemic and the subsequent drops that might have you thinking about pulling out your investments to avoid further volatility.

I'll break down the key drivers of the current market unease—from geopolitical tensions and political drama to persistent inflation and the complexities of interest rate policies. 

More crucially, I'll address a significant question that might be on your mind: Is it time to cash out, or should you hold steady?

This episode will delve into why it’s essential to look beyond the headlines and focus on a disciplined investment strategy. 

I’ll share insights on how emotional reactions to market news can derail long-term financial goals and discuss the risks and potential missed opportunities that come with hastily withdrawing from the market.

Whether you’re tempted to build a financial safe haven or simply need reassurance to keep your investments on track, this episode aims to be your guide through the current financial turmoil. 

Learn how to navigate through these challenging times, making informed decisions that align with your long-term financial objectives. 

Don’t let the panic driven by the daily news cycle shake your financial stability—join me to discover how to remain composed and proactive through the market’s ups and downs.

Read this article at https://legacygenone.com 

Learn more at https://linktr.ee/genonelegacy

Be sure to follow us on Twitter & Instagram: @genonelegacy

Have you ever experienced the fleeting thrill of spending a windfall only to face regret once the excitement fades? 

You're not alone. 

Many of us have felt the sting of impulsive spending after receiving unexpected sums, like a tax refund, bonus, or even a lottery win. 

This episode delves into the psychological and emotional rollercoaster that often accompanies financial windfalls. 

We'll explore the concept of 'mental accounting,' a term coined by economist Richard Thaler, which explains why we might treat windfall money differently from our hard-earned cash.

Join us as we dissect real-life stories, including the dramatic tale of Jack Whittaker, who won a $315 million lottery jackpot only to face subsequent personal and financial turmoil. 

Learn how short-term thinking can undermine long-term success and discover strategies to align unexpected gains with your long-term financial goals.

As we approach the end of the tax season and anticipate potential bonuses, we'll offer invaluable advice on creating a purposeful plan for your windfalls. 

Find out how immediate actions and thoughtful planning can transform these financial boosts into powerful waypoints on your journey to financial independence and fulfillment. 

Don't let your next windfall be a missed opportunity to advance your life goals!

Read this article at https://legacygenone.franklinmadisonadvisors.com/windfalls-are-waypoints-not-endpoints/

Learn more at https://linktr.ee/genonelegacy

Be sure to follow us on Twitter & Instagram: @genonelegacy

Ever been hit with the shock of realizing you made a costly mistake on your tax return?
You wouldn’t be the first.


In fact, the IRS flagged nearly 17 million mathematical errors on 2022's tax returns. But the errors weren’t just about owing more; many were about missing out. Imagine being one of the 1.5 million taxpayers who left a collective $1.5 billion unclaimed.


In this episode, we're not just talking numbers; we're diving into real stories of missed opportunities and unexpected tax bills that could have been avoided. 


But here's the good news: with attention to detail and a mindful approach, many of these errors are preventable. 


As we edge closer to the April 15 deadline, you’ll receive indispensable advice on ensuring your tax documents are in order, spotting potential pitfalls before they become problems, and ultimately, safeguarding your financial well-being.


Read this article at https://legacygenone.franklinmadisonadvisors.com/tax-mistakes-are-costly-precision-is-priceless/ 


Learn more at https://linktr.ee/genonelegacy


Be sure to follow us on Twitter & Instagram: @genonelegacy

Ever find yourself stretched thin between paychecks or grappling with the anxiety of unexpected expenses?
 
You're not alone.
 
In this episode, we're unraveling the complexities of cash flow management and its undeniable impact on your financial health.
 
More specifically, we're diving deep into the strategies that can transform your approach to managing your money, shifting from a paycheck-to-paycheck existence towards financial independence.
 
Ultimately, we're addressing the essential question: How can you master your cash flows to secure a financially stable and fulfilling life?
 
Read this article at https://legacygenone.franklinmadisonadvisors.com/dont-confuse-budgets-and-cash-flows/
 
Learn more at https://linktr.ee/genonelegacy
 
Be sure to follow us on Twitter & Instagram: @genonelegacy

In this episode we’ll cover the nitty-gritty of what your employer’s stock really means for you. Are you sitting on a goldmine, or is it time to cash out? 

Whether you’re building wealth for the next generation, eyeing that sweet spot of financial freedom, or just trying to make sense of your stock options, we’ve got you covered.
 We’ll dive into practical ways to assess the value of your company stock qualitatively and quantitatively. 

Ultimately, we're breaking down the big question: Should you keep holding on for the long haul, or is it smarter to sell sooner rather than later?

Read this article at https://legacygenone.franklinmadisonadvisors.com/what-drives-the-value-of-your-employers-stock/ 

Learn more at https://linktr.ee/genonelegacy

Be sure to follow us on Twitter & Instagram: @genonelegacy

"Taxes are the price we pay for a civilized society."
This often repeated quote is carved into the entrance of the IRS's national headquarters building in Washington, D.C.

And it serves as a reminder that we all need to pay our fair share to maintain one of the highest standards of living in the world.

At the same time, however, growing your family's wealth from one generation to the next involves paying less in taxes, right?

So then, how do you balance these two seemingly competing ideas of paying your fair share and keeping more of your money?

Well, that's where being tax-efficient, especially when it comes to your investments, comes into play.

You see, while investing wisely is certainly crucial to building wealth, ensuring that you're not paying Uncle Sam any more than necessary is even more vital to this end.

That's because, when it comes to building wealth for the long term, the goal is to put as much money to work today while keeping more of what you earn down the road.

In fact, you can think of being tax-efficient with your investments, like planning for a long road trip.

In other words, just as you would carefully plan out your route to avoid costly tolls and commuter traffic, you also need to think strategically about taxes when it comes to your investment strategy.

It's that simple.

Indeed, by focusing on becoming a tax-efficient investor, you could grow your savings faster, keep more of your hard-earned money, and increase your ability to maintain a lifestyle that supports your family for decades to come.

Read this article at https://legacygenone.franklinmadisonadvisors.com/boost-your-wealth-become-a-tax-efficient-investor/ 

Learn more at https://linktr.ee/genonelegacy

Be sure to follow us on Twitter & Instagram: @genonelegacy