Episode 54: RSU Strategies for Tech Professionals with Landon Loveall

Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at http://www.managingtechmillions.com/!

Landon Loveall is a certified financial planner and dedicated advocate for tech professionals to increase their wealth through financial, tax and stock option planning. He is a partner of KB Financial Advisors which has been specializing in maximizing stock options for tech employees since 2014.

Landon regularly shares his thought leadership on the KB Financial Advisors blog about the unique scenarios presented by employee stock options. When he's not assisting clients, Landon enjoys kayaking down the Duck River with his wife Melissa and their three children in Columbia, TN.

Connect with Landon

• https://kbfinancialadvisors.com/
• https://www.linkedin.com/in/landonloveall/

In order to maximize the value of RSUs over time, it is important to understand the vesting schedule and how the shares become taxable. Typically, RSUs have a time-based vesting schedule, where a certain percentage of shares vest each year over a four-year period. The key events to pay attention to are the vesting date, when the shares become yours, and the settlement date, when the shares are transferred into your ownership and become taxable.

Before an IPO, RSUs may have a double trigger, where the shares vest based on time and an event trigger, such as the company going public. After an IPO, vesting and settlement typically occur at the same time. It is important to be aware of the tax implications of RSUs, as the value of the shares becomes taxable at the settlement date.

In this episode, we talk about:

• Understanding RSU Vesting Schedules: Landon emphasized the importance of not just focusing on the volume of stock you receive but also paying close attention to the vesting schedule. The vesting schedule and what you receive over time are critical aspects that can impact your financial planning significantly. Knowing when your RSUs vest and how they become taxable is crucial for maximizing your returns on time and talent.
• Pre-IPO RSUs vs. ISOs: We discussed the differences between pre-IPO RSUs and ISOs, shedding light on the tax implications and risks associated with each type of equity compensation. Landon highlighted the complexities of incentive stock options and the importance of understanding the tax implications, especially around an IPO event.
• Pay Stub Analysis for RSUs: Landon shared valuable insights on how tech professionals should analyze their pay stubs when it comes to equity compensation. Understanding supplemental withholding rates, federal and state taxes, and the implications of RSU settlements on tax liabilities is crucial for effective financial planning and tax management.

Episode Timeline:

• 00:00:00 - Introduction to Equity Compensation
• 00:01:02 - Guest Introduction: Landon Lovell
• 00:02:06 - Understanding RSUs and Their History
• 00:03:26 - Tax Implications of RSUs
• 00:05:20 - RSUs in Public Companies
• 00:06:55 - Options for Handling RSUs at Vesting
• 00:09:01 - Variations in RSU Packages
• 00:11:31 - Negotiating Equity Compensation
• 00:13:07 - Immediate and Front-Loaded Vesting Trends
• 00:15:05 - Importance of Equity Compensation Strategy
• 00:17:00 - Risks and Rewards of Equity Compensation
• 00:18:04 - Personal Strategy for Managing Equity
• 00:19:12 - Transition from ISOs to RSUs in Private Companies
• 00:22:04 - Pre-IPO RSUs and Tax Considerations
• 00:24:31 - Understanding Pre-IPO Share Values
• 00:29:17 - Pay Stub and Tax Implications for Equity Compensation
• 00:34:23 - Conclusion and Further Resources

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit managingtechmillions.com

Episode 53: 10 Lessons from a A Year of Tech Equity & Money Conversations

Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at http://www.managingtechmillions.com/

Reflecting on the lessons learned from a year of podcasting, it is evident that taking the time to reflect, learn, grow, share, and enjoy is crucial for personal and professional development.

This episode highlights the importance of distilling lessons learned, observing and conversing with others, asking quality questions, being consistent and repetitive, watching the tape, anticipating challenges, embracing vulnerability, sharing experiences, and building a supportive community.

In this episode of "Managing Tech Millions," host Christopher Nelson reflects on one year of podcasting and shares 10 valuable lessons learned. 

While not claiming to be a podcasting expert, he offers insights and takeaways for building skills and expertise in the tech industry. 

As we step into the next year, the focus will be on deepening the discussions around trading time and talent for equity and managing an evergreen portfolio. We are excited to bring more expert insights and practical strategies through upcoming episodes and a detailed newsletter series. Additionally, Christopher is working on a book titled "From No-Do to IPO," which will further explore these themes.

Thank you all for your continued support and engagement. Here's to another year of learning, growth, and community building in Managing Tech Millions. Please share this podcast with others in the tech community and join us as we continue to explore the intersection of technology careers and financial wisdom.

Listeners can gain valuable tips for career growth and financial success. Stay tuned for a sneak preview of what's to come in year two of the podcast!

In this episode, we talk about:

• Observation and Conversation: The importance of preparing and understanding your guests or colleagues to enrich interactions.
• Quality of Questions: Improving the depth of your inquiries to enhance learning and engagement.
• Consistency and Repetition: The necessity of regular practice to transition skills into expertise.
• Feedback and Reflection: The value of reviewing your performances and seeking feedback to continuously improve.
• Low and Slow Growth: Emphasizing steady, persistent efforts over sporadic bursts for sustainable growth.
• Anticipating Challenges: Being prepared for inevitable obstacles and managing them proactively.
• Embracing Vulnerability: Using openness about challenges to foster personal growth and resilience.
• Shared Experiences: Building connections through vulnerability, leading to shared growth and understanding.
• Enjoying the Process: The importance of finding joy in the journey, not just the outcomes.
• Community and Support: Leveraging community for mutual support and collective advancement.

Episode Timeline:

• 00:00:00 - Introduction and Importance of Reflection
• 00:00:54 - Celebrating One Year of Podcasting
• 00:01:25 - Ten Valuable Lessons from Podcasting
• 00:02:07 - Planning for Future Growth and Exit Strategies
• 00:03:01 - The Value of Observation and Conversation
• 00:04:17 - Learning from Guests and Enhancing Interview Skills
• 00:05:30 - Importance of Asking Quality Questions
• 00:06:56 - Consistency and Repetition in Skill Building
• 00:08:01 - Strategic Content Creation and Scheduling
• 00:09:04 - Reflecting on Personal Growth and Feedback
• 00:10:07 - Embracing Slow and Steady Growth
• 00:11:11 - Anticipating and Managing Challenges
• 00:12:57 - Vulnerability and Growth in New Ventures
• 00:14:01 - Building Community and Shared Experiences
• 00:15:50 - Enjoying the Process and Building Connections
• 00:16:34 - Looking Ahead: Plans for Year Two
• 00:18:54 - Recap and Future Directions
• 00:27:04 - Community Engagement and Listener Participation
• 00:29:11 - Conclusion and Call to Action

Connect with Christopher Nelson on LinkedIn: 

https://www.linkedin.com/in/christophercnelson/

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit managingtechmillions.com

Episode 52:Critical Money Lessons for Tech Employees with Landon Loveall

Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at http://www.managingtechmillions.com/!

In this episode of Managing Tech Millions, host Christopher Nelson speaks with certified financial planner Landon Loveall about managing equity compensation for technology employees.

Landon Loveall is a certified financial planner and dedicated advocate for tech professionals to increase their wealth through financial, tax and stock option planning. He is a partner of KB Financial Advisors which has been specializing in maximizing stock options for tech employees since 2014. 

Landon regularly shares his thought leadership on the KB Financial Advisors blog about the unique scenarios presented by employee stock options. When he's not assisting clients, Landon enjoys kayaking down the Duck River with his wife Melissa and their three children in Columbia, TN.

Connect with Landon Loveall

https://kbfinancialadvisors.com/

https://www.linkedin.com/in/landonloveall/

Traditionally, employees have been taught to focus on their paycheck as the primary source of income. However, with the rise of equity compensation in the tech industry, it is essential to understand that owning equity in a company is a form of ownership and an opportunity to build wealth. 

Instead of solely relying on a paycheck, tech employees should view their equity compensation as a valuable asset that contributes to their overall financial health.

By shifting from paycheck to balance sheet mindset, tech employees can take a more holistic approach to managing their finances. 

They can focus on growing and nurturing their balance sheet by making strategic decisions about their equity compensation, investments, and financial goals. 

This shift in perspective allows employees to see the bigger picture of their financial situation and make informed decisions that align with their long-term financial objectives.

In this episode, we talk about:

• Shift from Paycheck to Balance Sheet: Landon emphasized the importance of moving beyond the bi-weekly paycheck and focusing on building and managing a comprehensive balance sheet. This mindset shift is crucial for tech employees who often receive significant equity compensation.
• Treat Your Career Like an NFL Contract: Understanding the value of your career and treating it like a professional athlete would handle a sports contract can lead to more strategic financial and career decisions. This involves knowing when to push for more and when to transition.
• Professional Financial Guidance: As tech professionals advance in their careers, the complexity of financial management increases. Landon advises against a purely DIY approach to financial planning, highlighting the benefits of engaging with professional advisors to avoid costly mistakes and optimize financial growth.
• Don’t Overprioritize Taxes: While taxes are important, Landon warns against letting them dictate major financial decisions. The focus should first be on the stock price and the number of shares, with taxes coming into consideration afterward.
• Prepare for Catastrophic Loss: Understanding the impact of significant market drops on personal wealth is crucial. Setting target sell prices for stocks and having a clear action plan can mitigate the risk of emotional decision-making during market downturns.

Episode Timeline:

• 00:00:00 - Introduction to Financial Management for Tech Employees
• 00:01:23 - Expert Insights with Landon Loveall
• 00:02:07 - Landon's Experience and Client Demographics
• 00:02:39 - Five Critical Money Lessons
• 00:03:08 - Lesson One: Rethinking Financial Priorities
• 00:04:36 - The Impact of Financial Awareness
• 00:06:25 - Managing Wealth Beyond Income
• 00:08:17 - Lesson Two: Career Valuation Like NFL Contracts
• 00:12:17 - Lesson Three: Professional Financial Guidance
• 00:14:46 - Integrating Financial and Tax Planning
• 00:17:36 - Building Trust with Financial Advisors
• 00:19:13 - Comprehensive Service Approach
• 00:23:50 - Lesson Four: Rational Approach to Taxes
• 00:26:12 - Lesson Five: Avoiding Catastrophic Loss
• 00:30:40 - Setting Financial Goals and Targets
• 00:34:25 - Fire Round: Quick Insights and Advice
• 00:38:10 - Closing and Additional Resources

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit managingtechmillions.com

Episode 51: 5 Remote Work Insights for 2024 from Founder and Venture Capitalist

Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at http://www.managingtechmillions.com/!

In this episode of Managing Tech Millions, host Christopher Nelson introduces Brett Martin, a multi-talented executive involved in Kumo Space and Charge Ventures. Martin discussed the current state of the remote work market and how companies are adapting to the new normal of hybrid work environments.

Brett Martin is the Co-Founder & Managing Partner of Charge Ventures, an NY-based venture fund (70+ portfolio companies), as well as the President & Co-Founder of Kumospace (24M+ from Lightspeed), the leading business communication tool for remote teams. He’s also an Adjunct Professor at Columbia Business School, where he teaches data analytics and technology strategy.

Connect with Brett Martin: 

https://www.kumospace.com/

https://www.kumospace.com/podcast

https://www.linkedin.com/in/brettlucasmartin/

https://twitter.com/brett1211

Remote work is here to stay, and companies that embrace this new way of working will be better positioned to thrive in the future. As technology continues to advance and remote work tools become more sophisticated, the possibilities for remote and hybrid work arrangements are endless. It is an exciting time for companies and employees alike as we navigate this new era of work.

One of the key challenges for companies transitioning to remote work is finding the right tools and technologies to support collaboration and communication among remote teams. This is where companies like Kumo Space come in, providing virtual spaces for remote and hybrid teams to connect and collaborate effectively.

In this episode, we talk about:

• Market Insights: We discussed the current venture market in 2024, the impact of AI, and the challenges and opportunities for entrepreneurs in the current environment.
• Remote Work Trends: Explored the evolving landscape of remote work and hybrid companies, especially in the post-pandemic era.
• Investing in AI: Insights on VC investing in the age of AI, navigating valuation challenges, and making informed decisions in the AI space.
• Multimodal Executive Life: Delved into the world of being a multimodal executive, balancing roles at Kumo Space and Charge Ventures, and the rewards and challenges of wearing multiple hats.
• Rest and Unplugging: How do you find time to rest and unplug in a busy schedule? Brett shared his approach to rejuvenation through skiing and mountain climbing.

Episode Timeline:

• 00:00:00 - Venture Market Analysis
• 00:01:09 - Introducing Brett Martin
• 00:02:05 - The State of Remote Work
• 00:03:40 - Customer Demographics for KumoSpace
• 00:04:03 - Success Factors for Remote Work Companies
• 00:05:51 - Traits of Successful Remote Employees
• 00:06:09 - Unstructured Conversations in Remote Work
• 00:07:48 - Remote Work Equity and Visibility
• 00:08:06 - Engaging as a Remote Employee
• 00:09:07 - The Importance of Physical Interaction
• 00:11:02 - The Second Half: VC Investing in AI
• 00:12:57 - Raising Capital in High Interest Rate Environment
• 00:14:42 - Multimodal Executive Lifestyle
• 00:17:29 - The Benefits of Remote Work
• 00:19:01 - The Second Half Continues: AI and VC
• 00:21:30 - Current VC Environment and AI Investments
• 00:24:56 - Filtering AI Companies for Investment
• 00:27:14 - Investment Criteria in Today's Market
• 00:30:42 - Managing Financing Risk in Early-Stage Investing
• 00:32:47 - Being a Multimodal Executive
• 00:37:56 - The Joys and Challenges of Multimodal Work
• 00:41:04 - Legacy and Impact Work
• 00:41:56 - Resting and Unplugging Strategies

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit managingtechmillions.com

Episode 50: From Ambition to Action: Career Planning Insights with Mark Herschberg

Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at http://www.managingtechmillions.com/!

When it comes to career planning, it is important to prioritize skills over titles. Titles may seem like the ultimate destination in a career, but they are merely labels that do not necessarily reflect the true capabilities and expertise of an individual. Focusing solely on titles can limit one's growth and potential, as it may lead to a narrow perspective on what success looks like.

On the other hand, skills are the building blocks that enable individuals to achieve their career goals and navigate the challenges that come their way. Skills are tangible and measurable, and they can be developed and honed over time through experience, training, and continuous learning. By focusing on acquiring and improving skills, individuals can adapt to changing circumstances, seize new opportunities, and progress in their careers regardless of the specific titles they hold.

In this episode of Managing Tech Millions, host introduces Mark Herschberg, a serial startup and public company CTO and CPO, also known for his book "The Career Toolkit." Mark shares insights on influential leadership and navigating challenges in tech careers. 

Tune in for valuable strategies and tactics to grow your career and build wealth as a technology professional!

In this episode, we talk about:

• Influential Leadership: Mark emphasized that true leadership is not about authority but about influencing others to share in your vision, much like Martin Luther King and Mahatma Gandhi did.
• Career Planning: He compared career planning to project planning, suggesting that we should have short-term, intermediate, and long-term goals, with regular check-ins to adjust our plans as needed. Mark also provided a practical tip: set a recurring calendar event every six months to review and adjust your career plan.
• Titles vs. Skills: Mark discussed the difference between chasing titles and developing skills. He pointed out that the same title can mean different responsibilities in different contexts, and it's more important to focus on the type of work and responsibilities you want.
• Soft Skills: He argued that investing in soft skills can provide a better return on investment than focusing solely on technical skills, as they amplify your overall capabilities.
• Leadership at Any Level: Mark debunked the myth that leadership is reserved for those in high positions, asserting that anyone at any level can exhibit leadership qualities.
• Ethics in Tech: Mark highlighted the importance of being prepared for ethical dilemmas in tech. He likened ethical preparation to fire drills, where practicing ahead of time can help you make the right decisions under pressure.
• Career Toolkit: The episode also delved into Mark's book, "The Career Toolkit," which outlines ten essential skills for tech employees, including career planning, leadership, management, communication, networking, negotiation, and ethics.

Episode Timeline:

00:00:00 - Influential Leadership

00:00:28 - Introduction to Tech Careers and Financial Planning

00:00:49 - Mark Herschberg's Introduction

00:01:11 - The Career Toolkit Book

00:02:12 - Creating a Career Plan

00:04:49 - Titles vs. Skills in Career Planning

00:07:00 - Skill Development in Career Plans

00:09:49 - Common Mistakes in Career Planning

00:13:09 - Reflecting on Career Progress

00:15:22 - Feedback and Career Progress

00:19:09 - Peer Networking and Career Advancement

00:20:20 - Transitioning to Leadership

00:23:28 - The Career Toolkit Overview.

00:26:02 - Leadership Skills Development

00:29:29 - Transitioning from Individual Contributor to Manager

00:33:08 - Ethics in the Career Toolkit

Connect with Mark Herschberg: 

https://www.thecareertoolkitbook.com

https://www.instagram.com/thecareertoolkit/

https://www.linkedin.com/in/hershey/

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit managingtechmillions.com

Episode 49: Navigating Career Growth: Expert Mentoring Strategies with Ritendra Datta

Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at http://www.managingtechmillions.com/!

One of the effective mentoring strategies is knowing the importance of the mentor-mentee relationship. It is a shared responsibility. Both parties have a role to play in fostering a successful and meaningful mentorship dynamic. Mentees should approach their mentors with energy, ambition, and clarity about their goals and needs. By being proactive and engaged, mentees can create momentum in the relationship and demonstrate their commitment to growth and development.

Mentors can add value to their mentees by showing empathy, checking in on their well-being, and offering support in return. By demonstrating care and concern for their mentees, mentors can strengthen the bond and create a more reciprocal relationship. This not only benefits the mentee by providing them with emotional support and assistance but also creates a more fulfilling and rewarding mentorship experience for both parties.

In this episode of Managing Tech Millions, host Christopher welcomes Ritendra Datta back to discuss the important topic of mentorship. Both emphasize the significance of mentees in their own careers and highlight the value of understanding how to be good mentors.

Tune in to gain insights on how to maximize the mentor-mentee relationship for success

In this episode, we talk about:

Selecting a Mentor:

• Emotional Connection: Choose a mentor who makes you feel good about yourself.
• Technical vs. Broader Relationships: For technical skills, personality may not be as crucial, but for long-term mentorship, compatibility is key.
• Mentor's Career Trajectory: Study potential mentors' paths to ensure alignment with your goals.
• Be a Good Mentee: Position yourself to help your mentor assist you, and don't be afraid to check in on them too.

Being a Good Mentee:

• Proactivity: Seek out mentors early in your career for faster growth.
• Clear Asks: Approach mentorship with specific questions and goals.
• Reciprocity: Find ways to add value to your mentor's life, even if it's just showing empathy.

Being a Good Mentor:

• Empathy: Listen intently and validate your mentee's feelings.
• Knowledge: Be honest about the limits of your expertise and avoid giving generic advice.
• Diversity: Engage with mentees from various backgrounds to enrich your perspective.
• Energy: Bring enthusiasm to your mentorship sessions to keep the relationship dynamic and effective.

Episode Timeline:

• 00:00:00 - Selecting the Right Mentor
• 00:01:05 - The Importance of Mentorship
• 00:02:11 - Becoming a Good Mentee
• 00:04:06 - Building a Relationship with Mentors
• 00:05:12 - Adding Value to Mentors
• 00:07:43 - Checking in on Mentors
• 00:08:01 - Reciprocity in Mentor-Mentee Relationships
• 00:10:14 - Identifying Suitable Mentors
• 00:13:36 - Mentor-Mentee Dynamics
• 00:16:04 - When Mentees Surpass Mentors
• 00:18:33 - Lifelong Mentor Relationships
• 00:20:34 - Seeking New Mentors with Experience
• 00:23:19 - Learning from Mentees
• 00:25:46 - The Transition from Mentee to Mentor
• 00:28:14 - Part Two: Being a Great Mentor
• 00:29:00 - Common Issues with Mentorship
• 00:31:17 - Empathy in Mentorship
• 00:34:08 - The Value of Being a Mentor
• 00:35:59 - Knowledge and Diversity in Mentorship
• 00:38:58 - Avoiding Generic Advice
• 00:40:31 - The Mentor's Learning Opportunity
• 00:42:05 - The Importance of Diverse Mentorship
• 00:43:27 - Proactive Diversity in Mentorship
• 00:44:06 - Characteristics of a Great Mentor
• 00:47:59 - Keeping Mentorship Engaging and Energetic

Connect with Ritendra Datta on LinkedIn: 

https://www.linkedin.com/in/ritendradatta/

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit managingtechmillions.com

Episode 48: Executive Branding 101: Strategies for LinkedIn Success

Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at http://www.managingtechmillions.com/!

One key aspect of executive branding through storytelling is the idea of being the captain of your own career. Instead of relying on HR or your company to provide you with opportunities, individuals can take charge of their career by sharing their insights, opinions, and experiences online. 

By publishing content on platforms like LinkedIn, individuals can showcase their expertise and establish themselves as authorities in their field. This not only helps to build trust with potential employers or clients but also opens up a world of opportunities for career advancement and growth.

In this episode of Managing Tech Millions, host Christopher Nelson welcomes Belen Wagaw back to the show. Belen shares her journey from intern to chief of staff to running her own storytelling company for CEOs and B2B brands. 

Tune in for insights on career growth, wealth-building, and achieving financial and lifestyle goals in the tech industry!

In this episode, we talk about:

• The Value of Personal Experience: AI is transforming various tasks, but it cannot replicate individual lived experiences. In a world increasingly influenced by AI, personal stories and insights remain uniquely human and irreplaceable.
• Storytelling in B2B Marketing: Traditional B2B marketing is faltering due to a lack of storytelling and CEO engagement. Companies that embrace storytelling and personal branding are seeing significant results in creating demand.
• The Shift to Thought Leadership: CEOs and executives should focus on becoming thought leaders rather than just salespeople. Sharing industry insights and educational content can attract customers and establish authority.
• Content Strategy for Executives: For executives looking to post online, it's crucial to clarify their goals, identify their audience's pain points, and share their unique perspectives. Contrarian opinions can be particularly engaging.
• The Role of AI in Content Creation: While AI can generate content, it lacks the personal touch that human experiences bring to storytelling. AI can be a helpful tool for editing and formatting but cannot replace the authenticity of personal narratives.
• Advice for Aspiring Content Creators: Start by sharing what you know and learn to enjoy the process. Avoid common mistakes like poor formatting, excessive hashtags, and irrelevant tagging. Instead, focus on providing value and lessons learned from your experiences.

Episode Timeline:

• 00:00:00 - Embracing Personal Experiences in AI Era
• 00:00:48 - Belen Wagaw's Career Journey
• 00:01:52 - The Shift in B2B Marketing
• 00:03:07 - Storytelling in B2B Marketing
• 00:04:03 - Platforms for Effective Storytelling
• 00:05:21 - CEOs Missing Out on Storytelling Opportunities
• 00:06:13 - The Role of CEOs in Marketing and Sales
• 00:08:41 - Crafting a Personal Brand as a CEO
• 00:10:36 - Thought Leadership vs. Salesmanship
• 00:12:09 - The Importance of CEO Visibility
• 00:14:21 - New Approaches to B2B Marketing
• 00:16:26 - Leveraging Storytelling for Career Growth
• 00:18:32 - Personal Branding for Mid-Career Executives
• 00:20:39 - The Impact of AI on Personal Branding
• 00:22:21 - Writing Online: First Steps and Feelings
• 00:24:09 - The Role of AI as a Writing Partner
• 00:25:16 - Tips for Starting to Write Online
• 00:27:00 - Belen's Personal Experience with Online Content
• 00:29:23 - The Value of Sharing Knowledge Online
• 00:30:10 - Overcoming the Fear of Online Writing
• 00:31:31 - The Role of AI in Content Creation
• 00:33:51 - AI's Limitations and Human Storytelling
• 00:35:36 - Content Strategy for Mid-Level Executives
• 00:37:27 - AI and Personal Lived Experiences
• 00:39:14 - Fundamental Advice for Writing Online
• 00:41:53 - Content Strategy and Goals
• 00:43:49 - Building a Content Library and Swipe File
• 00:44:50 - Encouragement for New Online Writers

Connect with Belen Wagaw: 

https://www.linkedin.com/in/belenwagaw/

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit managingtechmillions.com

Episode 47: Exploring Tech Careers in Europe: Amin Neeme's Perspective

Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at http://www.managingtechmillions.com/!

One of the key aspects that make the tech careers in Europe stand out is the diversity of locations and opportunities available. From cities like London, Dublin, Switzerland, and Paris, there is a wide range of tech hubs where individuals can pursue their careers in the technology industry. Each city offers its own unique environment and opportunities for growth and development.

For example, Dublin is known for its thriving tech industry, with many multinational companies setting up their European headquarters in the city. London, on the other hand, is a major hub for tech startups and innovation, with a vibrant ecosystem of entrepreneurs and investors. 

Switzerland is also a key player in the tech scene, with cities like Zurich and Geneva attracting top tech talent from around the world.

In this episode of Managing Tech Millions, we had the pleasure of speaking with Amin Neeme, an employee at Google who works in the partnership team for EMEA, focusing on voice AI partnerships through Google Assistant and data partnerships. 

Amin shared his journey from the Middle East to working in big tech in Europe, and how his early career in risk management and equity derivative sales influenced his approach to personal finance.

Tune in to learn about Amin’s experiences and insights on navigating the tech industry and financial world!

In this episode, we talk about:

• Career Mobility in Tech: Amin discussed the life-changing realization that comes with gaining skills that open doors to international career opportunities. He emphasized the value of being able to choose where to live based on personal preferences.
• Tech Scene in Europe: We explored the tech hubs in Europe, such as Dublin, London, and Zurich. Amin highlighted Dublin as a great starting point for early career professionals due to the presence of major tech companies and a diverse environment. However, he also noted the high cost of living and the transient nature of the expat community.
• Living and Working in Europe: Amin shared insights into the cost of living and the impact of taxes on RSUs in different European countries. He compared the affordability of cities like Zurich to Dublin and discussed the benefits of working in Europe, such as proximity to nature and other continents.
• Financial Planning: Amin talked about his transition from a complex to a simple and balanced financial plan. He stressed the importance of focusing on the basics, being honest with oneself, and the power of investing in index funds for long-term growth.
• Equity Compensation: We delved into the topic of equity compensation and its role in building wealth. Amin reflected on his experience with RSUs at Google and the importance of understanding their long-term value.
• Financial Education: Amin and I discussed the importance of financial education and sharing knowledge with those who are a step behind in their financial journey.

Connect with Amin Neeme: 

https://www.linkedin.com/in/amin-neeme-600560192/

Episode Timeline:

• 00:00:00 - Introduction and Career Mobility
• 00:01:32 - Aman's Background and Career in Tech
• 00:02:10 - Tech Scene in Europe
• 00:03:14 - Comparing Dublin, London, and Zurich
• 00:06:07 - Dublin's Attractiveness for Early Career Professionals
• 00:07:57 - Housing and Cost of Living in Dublin
• 00:09:53 - Aman's Journey to Working in Europe
• 00:11:24 - Equity Compensation in Europe
• 00:13:17 - Taxation and RSUs in Different Countries
• 00:14:14 - Attracting Talent and Language Barriers in Europe
• 00:15:19 - Cultural Experiences and Global Mobility
• 00:16:53 - The Value of Diverse Work Environments
• 00:20:12 - The Benefits of Working in European Tech
• 00:21:44 - The Growth of AI and Startups in Europe
• 00:23:48 - The Global Journey of Tech Employees
• 00:25:13 - Language Skills and International Mobility
• 00:27:13 - Financial Planning and Simplicity
• 00:28:35 - Amin's Simple and Balanced Financial Plan
• 00:29:10 - The Importance of Financial Basics
• 00:30:02 - Investing Strategy and Index Funds
• 00:32:59 - The Value of Equity Compensation
• 00:34:08 - Building Wealth Through Equity
• 00:35:52 - Advice to Younger Self on Equity Shares
• 00:37:56 - Concentration and Diversification of Wealth
• 00:39:29 - The Impact of Equity on Personal Wealth
• 00:41:15 - Protecting and Growing Wealth
• 00:42:31 - Educating on Equity and Investment Strategy
• 00:44:21 - Financial Education and Strategy for the Future
• 00:46:13 - Educating the Next Generation on Investments

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit managingtechmillions.com

Episode 46: Using Radical Empathy to Lead and Live with Erin Deihl

Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at http://www.managingtechmillions.com/!

Radical Empathy is about taking the time to truly listen and understand the needs and emotions of others. It is about putting yourself in their shoes and seeing the world from their perspective. When we practice radical empathy, we create a space where people feel seen, heard, and valued. This leads to stronger relationships, increased trust, and a more positive work environment.

As Erin mentioned in her own experience, having a leader who practices radical empathy can make a world of difference. Instead of just focusing on climbing the corporate ladder and achieving personal success, empathetic leaders prioritize the well-being and growth of their team members. They show compassion, support, and understanding, creating a culture of care and respect.

In this episode of Managing Tech Millions, host Christopher interviews Erin Diehl, the creator of Improve It, a professional development company rooted in improv comedy. 

Erin discusses how improv can help leaders and teams grow through play and experiential learning. She is also the host of the Improve It podcast and author of the Amazon bestseller "I See You." 

Join Christopher and Erin for insights on energizing teams through radical empathy and the power of improv in leadership development!

In this episode, we talk about:

• The Importance of Play at Work: Erin emphasized how incorporating play and improv into the workplace can level the playing field between interns and CEOs, leading to magical outcomes.
• Financially Focused Tech Employees: We discussed the unique challenges tech employees face when it comes to equity and financial planning, and how improv can play a role in navigating these challenges.
• Radical Empathy: Erin shared her journey and the concept of radical empathy, which involves deeply understanding and connecting with others while also taking care of oneself.
• Self-Love and Leadership: We delved into the idea that effective leadership starts with self-love and self-care, which then translates into better team management and a more magnetic culture.
• Improv Exercises: Erin walked us through an improv exercise called "Empathy," which helps develop a deeper understanding of others' perspectives, and shared insights on how improv can be used to enhance various workplace skills.
• The Ideal Day Exercise: Erin provided a framework for envisioning your ideal day, which can be transformative in understanding and directing your personal and professional life.
• The Impact of Improv on Tech Teams: We learned about how Erin's company, Improve It, helps tech teams communicate better and build stronger connections through improv based training.
• The Chicken Dance: Erin shared a fun fact about how the chicken dance is used in her workshops to break down barriers and encourage participants to step out of their comfort zones.

Episode Timeline:

• 00:00:00 - Masks at Work and Leveling the Playing Field
• 00:00:19 - Introduction to the Podcast for Tech Employees
• 00:00:40 - Introducing Erin and Improve It
• 00:01:41 - The Concept of "Improve It" and Professional Development
• 00:02:10 - The Importance of Fun in the Workplace
• 00:02:46 - Defining Radical Empathy
• 00:05:24 - Radical Empathy in Leadership
• 00:08:13 - Empathy Exercise Demonstration
• 00:09:31 - The Impact of the Empathy Exercise
• 00:16:28 - Self-Love and Leadership
• 00:19:13 - The Ideal Day Exercise
• 00:24:21 - The Gap in Self-Awareness and Leadership
• 00:29:35 - Protecting Your Energy and Vibes
• 00:32:52 - The Four-Day Work Week at Improve It
• 00:36:45 - Improve It's Approach to Corporate Training
• 00:41:42 - Effective Communication Workshop Example
• 00:43:51 - The Power of Play in Workshops
• 00:45:54 - The Chicken Dance and Breaking Down Barriers
• 00:47:04 - Fire Round: Quick Personal Questions

Connect with Erin Diehl: 

Website: https://www.itserindiehl.com/

Podcast: https://podcasts.apple.com/us/podcast/improve-it-podcast-professional-development-through/id1508450538

Instagram: https://www.instagram.com/itserindiehl/

LinkedIn: https://www.linkedin.com/in/erindiehl/

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit managingtechmillions.com

Episode 45: Five Essential Executive Skills in Tech Not Taught in School

Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at http://www.managingtechmillions.com/

Executive Skills in Tech: In the realm of career success and personal well-being, setting boundaries, managing up, and unplugging are indispensable skills. Establishing clear boundaries fosters a healthy work-life balance, preventing burnout and maintaining clarity. 

Managing up involves understanding superiors' needs and goals, fostering alignment and trust through effective communication. Unplugging, meanwhile, is vital for mental rejuvenation, enhancing productivity and overall well-being. Prioritizing these skills equips individuals to navigate the complexities of the modern workplace and lead fulfilling lives.

Risk-taking is equally crucial, pushing boundaries and opening doors to success that might otherwise remain closed. Failure, a natural byproduct of risk, serves as a valuable learning tool, fostering resilience and perseverance.

In this episode of "Managing Tech Millions," host Christopher Nelson shares insights on five executive skills crucial for career success that are not typically taught in school. 

These skills were learned on the job and are essential as your career progresses. The episode was inspired by a survey conducted by Christopher's newsletter, where listeners expressed a strong interest in learning more about executive skills. 

Tune in to gain valuable knowledge on how to grow your career, build wealth, and make a significant impact in the tech industry!

In this episode, we talk about:

The Five Skills

• Setting Healthy Boundaries: It's vital to know your limits and define when you are and aren't available for work. This helps you maintain clarity and balance, ensuring you're at your best for the company.
• Managing Up: Develop strategies to align with your manager and their goals. By understanding and supporting their objectives, you can create a mutually beneficial relationship that helps you both succeed.
• Calendar/Time Blocking: Master your schedule by defensively blocking out personal time and offensively scheduling work priorities. This ensures you're focused on what's important and not overwhelmed by others' demands on your time.
• Startup and Shutdown Ritual: Implement a consistent routine to start and end your workday. This prepares you mentally for the day's tasks and helps you decompress and transition out of work mode at the end of the day.
• Unplugging Regularly: To maintain peak performance, it's essential to take breaks and step away from work. This allows your mind to rest and rejuvenate, sharpening your "axe" for the next challenge.

Episode Timeline:

• 00:00:00 - Introduction to Work-Life Balance
• 00:01:07 - Executive Skills Not Taught in School
• 00:04:09 - Learning Executive Skills at Splunk
• 00:05:33 - Skill #1: Setting Healthy Boundaries
• 00:06:17 - Skill #2: Managing Up
• 00:09:50 - Skill #3: Calendar and Time Blocking
• 00:11:14 - Skill #4: Startup and Shutdown Ritual
• 00:12:06 - Skill #5: Unplugging Your Mind
• 00:15:05 - The Importance of Unplugging
• 00:18:10 - Real-World Application of Executive Skills
• 00:21:07 - Offensive and Defensive Calendar Blocking
• 00:23:26 - The Power of Startup and Shutdown Rituals
• 00:26:28 - Unplugging for Career Progression
• 00:28:23 - Benefits of Executive Skills
• 00:32:40 - Implementing Executive Skills Today
• 00:33:02 - Part Two: Practical Steps to Executive Skills
• 00:36:02 - Setting Boundaries: Actionable Steps
• 00:36:44 - Managing Up: Getting Started
• 00:38:09 - Calendar Management: Time Blocking Tips
• 00:40:47 - Workday Rituals: Startup and Shutdown
• 00:43:05 - The Shutdown Ritual Explained
• 00:45:12 - Morning Startup Ritual for Success
• 00:46:05 - Opting Out of Unnecessary Meetings

Connect with Christopher Nelson on LinkedIn: 

https://www.linkedin.com/in/christophercnelson/

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit managingtechmillions.com