By Nick Reilly, CFP® & CDAA™
The podcast currently has 38 episodes available.
Education costs have increased at an exponential rate, creating a significant amount of opportunity for well-thought-out financial planning.
In this episode, we discuss the causes for the increased costs and provide information on 529 plans as a solution for self-funding these costs, outside of student loans, in a tax-efficient way.
1:12 - Why tuition costs are increasing exponentially
4:35 - What you can do to plan around education expenses
9:02 - What expenses does a 529 cover, and not cover
10:14 - Alternative methods of funding education expenses
12:37 - FAQ
15:09 - Superfunding a 529 [Planning Strategy]
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You already know the story of independence and the 4th of July. What you may not know is what independence means within the financial services industry, why it’s important, and how it likely impacts you.
In this episode, we cover why the quality of financial advice ranges significantly and what you can do to increase the likelihood that you receive great value. Two big factors contributing to this range in quality comes from WHO the advisor works for and HOW they are compensated.
Do you know if your advisor is a fiduciary who is providing advice that's in your best interest? If you're unsure, give this episode a listen today.
Being independent means you have cut associations and dependency from a larger institution freeing you to provide advice that is in the client's best interest.
Schedule your free 30-minute consultation at OneDayAdvice.com and mention the podcast.
With the stock market recently entering a bear market, this is a great time to be considering harvesting any losses that you have to help offset capital gains. In this episode, we provide:
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Nick finishes the episode with his own outlook on digital assets.
Here are the timestamps if you’d like to skip ahead:
2:08 - General Risks Associated with Crypto
11:53 - Important Historical Crypto Events to Learn From
21:58 - How you can protect yourself?
25:42 - Our Outlook on Digital Assets
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0:24 - Why you should care about DeFi
3:45 - Five Key Problems of the Centralized Financial System
13:20 - How DeFi has the potential to solve these problems
17:30 - The current flaws to blockchain technology
19:52 - Introduction to the concept of becoming your own bank
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In this episode, Rohit shares the near-death experience that led to him starting Kubera and how people’s financial lives have evolved from simple to more complicated due to the rise of financial technology.
We also talk about the rise of crypto and where it may fit in an investment portfolio, the differentiator between Kubera and Personal Capital, as well as their product roadmap.
Fun Fact: "Kubera" is the Lord of Wealth in Hindu culture.
Want to optimize your financial life for the digital age? Schedule your free 30-minute consultation at OneDayAdvice.com and mention the podcast.
Yes, cryptocurrencies are taxed :(
In this episode, Nick provides a primer on how they are taxed and which transactions count as a taxable event. He then touches on how to prepare your taxes and the strategies you can implement today to reduce your tax liability.
3:12 - How is Crypto Taxed
4:27 - Taxable & Non-Taxable Events
7:24 - What Tax Forms Do You Need
10:42 - How to Calculate Your Tax Liability
12:05 - How to Save on Crypto Taxes
Want to optimize your financial life for the digital age? Schedule your free 30-minute consultation at OneDayAdvice.com and mention the podcast.
Resources Mentioned:
Crypto Tax Software:
Helpful site for chains that don’t sync to software: Stake.tax
Invest in Crypto inside an IRA (Retirement Account): AltoIRA.com
Blockchain technology has opened the door for a new era of innovation. In this episode, Nick addresses the three main themes that you can invest in within the cryptocurrency and blockchain environment.
Timestamps:
1:07 - DeFi (Decentralized Finance)
9:31 - Web3 (Next Iteration of the Internet)
13:58 - Metaverse
Want to optimize your financial life for the digital age? Schedule your free 30-minute consultation at OneDayAdvice.com and mention the podcast.
Spending plays a key factor in your financial health. In this episode, we break down ways to "spend smart" using your credit card and great tools for shopping online.
If you'd like to get a rolling interest-free loan for up to 60 days, want to maximize your rewards, or want to save more while shopping online, this episode is for you.
Part 1 - Benefits of Paying with Credit [2:11]
Part 2 - Warnings and Cautions Around Credit [3:32]
Part 3 - Tips/Hacks Around Credit Cards & Online Shopping [8:54]
Fair warning, this is an information-packed episode, so you may want to pause and take notes so that you can follow through with some of the strategies.
Schedule your free 30-minute consultation at OneDayAdvice.com and mention the podcast.
Want to optimize your financial life for the digital age? Schedule your free 30-minute consultation at OneDayAdvice.com and mention the podcast.
Kelsey's Links:
- Instagram: https://www.instagram.com/kelseymarieknutson/
- Join the online community: https://www.facebook.com/groups/kelseymarieknutson
- FREE Workshop to take the guesswork out of “what’s next?” https://www.kelseymarieknutson.com/pivot-workshop
Ready for your next big pivot? Maybe it’s launching that new side hustle or growing your existing business, whatever the chapter Kelsey’s here to help you bridge the gap between new idea and achieving your goals!
VIP Coaching: https://www.kelseymarieknutson.com/vip-coaching
Grow Academy: https://www.kelseymarieknutson.com/grow-academy
Start Smart: https://kelseymarieknutson.mykajabi.com/offers/aoAuAe7M/checkout
Kelsey Knutson was raised to believe success came from a college degree & a job with benefits. And though she understood the benefit of stability, the 9-5 life was not for her. After quitting her job, graduating from beauty school, and working in a salon, she finally opened her own business. She built a successful salon where she worked less, made more, and served her dream clients. She loved every minute of it. But she quickly learned most business owners don't experience this firsthand. They are tired, overworked, and losing passion.
This is why she started supporting business owners first out of passion and then as a business. She has closed her salon doors to focus solely on helping people start and scale businesses they love. She has helped clients pay off debt, pivot their businesses, raise their prices, increase their online reach, monetize through social media, and so much more.
Kelsey is a firm believer that being a successful business owner doesn’t mean you have to neglect other areas of your life. She also knows that everyone’s version of success looks different, and that should be celebrated.
The podcast currently has 38 episodes available.