This episode unpacks the often-overlooked Employee Stock Purchase Plan (ESPP) as a wealth-building tool. Lucas and Luna walk through how ESPPs work, using a concrete example: an employee earning $80,000 who contributes 15% of their salary over a six-month offering period, with a 15% discount on the lower of the purchase price at the start or end of the period. They explain the lookback provision, which can supercharge returns, and discuss the tax implications — particularly the difference between a qualifying disposition (held one year after purchase, two years after grant) and a disqualifying disposition. The hosts also touch on common mistakes, like selling shares immediately for a quick gain versus holding for long-term capital gains treatment. Drawing on data from Fidelity's 2025 Plan Participant Survey showing that 72% of employees sell ESPP shares within 30 days, they make a case for a more patient approach. The episode is anchored to June 2026 market conditions — a period of moderate volatility and rising interest rates — to show how ESPPs can smooth out timing risk.