Retirement Planning

What will be your defining pursuit in 2024?

On a global mission to make the financial industry less “male, pale, and stale,” Vivian Tu is a former Wall Street trader-turned-expert, educator, public speaker, host, entrepreneur, media powerhouse, and the founder and CEO of the financial equity phenomenon, “Your Rich BFF.” In January 2021, she developed and launched the “Your Rich BFF” blog and social media handles as a passion project to destigmatize and make the rules of personal finance accessible and digestible to non-experts and marginalized communities. 

Her dedication to promoting financial literacy and ability to bridge the gap between finance and the mainstream have earned her cross-platform fame and notoriety, having garnered nearly 6 million followers and counting, as well as honors on both the Forbes’ ‘30 Under 30 – Social Media’ (2023) and inaugural ‘Top Creators’ (2022) lists. This December 2023, Vivian’s financial prowess and devotion to educating her followers have culminated into the highly anticipated release of her debut book, “RICH AF: The Winning Money Mindset That Will Change Your Life.” Revealed exclusively on the TODAY show, “RICH AF” is billed as the definitive book on personal finance for a new generation, and was sold in a competitive auction for a seven-figure publishing deal to Portfolio, a division of Penguin

Buy her book Rich AF: The Winning Money Mindset That Will Change Your Life 

Listen to her podcast Networth and Chill Pod

In this episode you will learn

• How to recognize warning signs of a potential layoff and take proactive steps to protect your career and financial stability.
• Whether everyone possesses the potential to achieve financial wealth and the key factors that contribute to financial success.
• Practical strategies for increasing your income and improving your financial health, even if you're currently facing financial challenges.
• Insights on achieving financial comfort without placing excessive emphasis on money itself, focusing on balance and fulfillment.
• The pros and cons of company loyalty versus job hopping, and finding out which approach is more likely to lead to financial success and wealth building.

For more information go to www.lewishowes.com/1551

For more Greatness text PODCAST to +1 (614) 350-3960

More SOG money-themed episodes we think you’ll love:

Jaspreet Singh – https://link.chtbl.com/1411-pod

Jen Sincero – https://link.chtbl.com/1101-pod

Dave Ramsey – https://link.chtbl.com/1415-pod

The meteorologist predicts the weather, but the rainmaker makes the weather. The difference is everything.

There is a massive hole when it comes to retirement planning. 

Don't believe me?

Try the following experiment...

As the calendar pages flip towards the imminent 2024, it’s the perfect moment to execute those strategic financial maneuvers that will set the stage for a successful tax season and ensure you leave the year on a high note. If you’ve been tuning in regularly, you already know we’ve been through the year-end rodeo before, and for our newcomers, buckle up because we’ve meticulously crafted a hit list that’s bound to elevate your financial game. You’ll want to act quickly; many must be completed by December 31st.

In this info-packed episode, we’re diving deep into the realm of tax arbitrage, Roth conversions, backdoor Roth contributions, and tax loss harvesting – all crucial moves in your financial playbook. Discover the secrets to maximizing your retirement contributions, unravel the mysteries of tax law changes that could reshape your financial landscape in 2024 and beyond, and stay ahead of the curve with essential deadlines that demand your attention.

But wait, there’s more! We’ll uncover innovative ways to save through charitable donations, business and environmental investments, and exploring other financial gems that often slip through the cracks. When we proclaim that the time is now to whip your financial affairs into shape, we mean business!

So, join us in this episode of A Place of Possibility as we discuss:

• Required minimum distribution deadlines – this is important for our older followers!
• Tax benefits related to Qualified Charitable Distributions.
• How to lower your tax rate with specific retirement contributions – 401(k) and 403(b) contributions must be made this year!
• The tax-free wonder known as Health Savings Accounts.
• Special money-saving tips for those who are self-employed.
• Why Medicare beneficiaries must be mindful of their monthly adjusted income (MAGI) to avoid paying thousands in extra taxes.

AND MORE!

The countdown has begun, and we’re here to ensure you usher in 2024 with financial confidence. Get ready for an episode that’s not just informative but also transformative. Let’s make it a year to remember together!

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Looking for inspiration or role models? Look no further.

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Will climbing a mountain solve all of your problems in retirement? Here's why it just might.

If this is what success looks like, we'd all better enjoy the journey.

How many times have you started a new hobby and then experienced the dreaded dip? You know, that lull we all go through where the thrill of rapid progress fades into that period where you struggle to make any progress.

When it feels like we're not making progress, it's helpful to know that the dip is just part of the process.