This Time Is Different

In this episode, Malcolm Ethridge sits down with Alex Kantrowitz, Founder/CEO of Big Technology to discuss many different topics affecting tech workers, such as whether mass layoffs in tech are finally done, the likelihood that AI actually replaces knowledge workers, as well as Alex’s own journey from working in tech to reporting on it.

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Resources:

Service Now's People Pact 

AI Is Starting to Threaten White-Collar Jobs. Few Industries Are Immune.

Employers Train Employees to Close the AI Skills Gap

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Capital Area Tax Consultants - www.capgllc.com

Capital Area Tax Consultants: www.capgllc.com

Capital Area Tax Consultants - www.capgllc.com

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In this episode, Malcolm Ethridge shares the reasons why he believes it’s (almost) always a good idea to take your 401(k) with you whenever you change jobs or retire. He also shares some of the potential pitfalls to be aware of, as well as some helpful insights about a little known option available to those who own substantial shares of their company’s stock inside the plan. 

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Capital Area Tax Consultants - www.capgllc.com

Capital Area Tax Consultants - www.capgllc.com

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In this episode, Malcolm Ethridge discusses the phenomenon of frugality inertia, and why it keeps retirees from being able to enjoy their retirement. He shares his insights on how it can help to reframe your focus and spend that retirement nest egg on things that will enhance your quality of life, ultimately leading to a happier and healthier version of yourself.

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Capital Area Tax Consultants - www.capgllc.com

Capital Area Tax Consultants - www.capgllc.com

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In recent years, the rise of digital currencies has revolutionized the way we think about money and finance, with more and more individuals and businesses embracing the potential of blockchain technology. However, with this rapid growth has come a significant amount of uncertainty and confusion around the legal and regulatory frameworks that govern this new asset class. And as the crypto industry continues to grow and evolve, the issue of regulation and security will remain a key focus for lawmakers and industry stakeholders alike.

One of the biggest challenges facing the crypto industry today is the issue of security, with several high-profile exchange hacks and collapses leading to the loss of billions of dollars in assets. In response, lawmakers and regulators around the world have been grappling with how to protect consumers and investors in this space. In the US, Congress is currently considering several bills aimed at increasing oversight and regulation of the crypto industry, including measures to require crypto exchanges to register with the SEC and establish minimum capital requirements.

In this episode, Malcolm sits down with Andie Kramer, Founding Member of ASKramer Law, to discuss the current state of regulation in digital assets, such as cryptocurrencies and stable coins. Andie shares her thoughts on regulatory, tax, and governance issues both globally and in the U.S.

Andie Kramer Discusses:

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About our guest:

Andie is a nationally recognized authority on the regulatory, tax, commercial, and governance matters that arise in trading environments. She provides clients with practical and effective counsel to allow them to move forward with confidence and predictability as they navigate complex, high-stakes transactions. Andie applies a unique multidisciplinary approach to the taxation and regulation of financial products, markets, and participants.

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Capital Area Tax Consultants - www.capgllc.com

Capital Area Tax Consultants - www.capgllc.com

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Investing is a way to grow your money over time, and secure your financial future. When you invest without a clear plan, you're more likely to make decisions based on emotions, rather than logic. You may be tempted to buy a stock because it's the latest hot trend or sell a stock because you're afraid of losing money. However, when you invest with a purpose, you have a plan in place that guides your investment decisions. And thus, you're less likely to make impulsive decisions that can lead to unnecessary financial losses.

Investing with a purpose means having a clear understanding of your financial goals and investing accordingly. And it requires taking the time to evaluate your financial situation, your willingness, and capacity to take financial risk, and your overall objectives for the capital you plan to put to work. It is not about chasing the latest investment fad or trying to beat the market in the short term. Instead, it's about creating a plan and investing in a way that maximizes your chances of success.

In this episode, Malcolm Ethridge sits down with Jessica Inskip, Director of Education and Product for OptionsPlay, to discuss the importance of investing with purpose, as well as the need to have a firm grasp of the basics prior to jumping into the more complex world of options trading. Jessica shares her unique insight into the different strategies investors can take to limit their risk when investing, as well as how to know when it’s time to introduce more complex strategies into your investment mix.

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About our Guest:

Jessica joined the financial industry in 2009 and most recently accepted a position with OptionsPlay. She has held various positions within the brokerage industry across multiple firms, including roles specializing in strategy, product management, high frequency trading, complex options and derivative strategies, and the relationship management of high-net-worth affluent investors.

Mentioned in this episode:

Capital Area Tax Consultants - www.capgllc.com

Capital Area Tax Consultants - www.capgllc.com

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Nobody enters a marriage expecting to get divorced. Yet, regardless of our best intentions, relationships can and do fall apart. While the emotional roller coaster of divorce is difficult enough, the added frustration of financial litigations can make a situation that much worse. Unfortunately, the current system of divorce in the United States does a poor job of educating clients on the alternatives to litigation. And in the event legal arbitration is the only choice left: where does one turn?

Given their higher salaries and equity arrangements, tech workers are more likely than most to enter marriages with lop-sided assets or income, or both. Furthermore, as a tech worker, it is common to spend your early years building a career, resulting in a later-life marriage, and sometimes with children from a previous relationship. Because of this, some parties may stand to walk away from a marriage with much more than they came into it with. These realities of life should not be ignored when considering a marriage. Even the most rational, cool-headed individuals can be sucked into the emotional damage that is typical of divorce.

On this episode, Malcolm Ethridge sits down with Andrew Hatherley, Certified Divorce Financial Analyst and founder of Wiser Divorce Solutions, to discuss his work helping divorcing couples and individuals avoid the financial and emotional hazards of divorce. Having been divorced himself, Andrew has first-hand experience with the broken and frustrating U.S. “Divorce System” and seeks to do his part to help change the way divorce is handled in this country. 

Andrew Hatherley discusses: 

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About Our Guest:

Andrew Hatherley is a divorce financial advisor and understands the fear and uncertainty many of you are feeling. He went through his own divorce several years ago. He knows that the extreme emotions that come with divorce can lead to damaging financial mistakes, both short and long term. Having learned the hard way, He is determined to help others avoid some of the pitfalls that can make divorce such a difficult process

Mentioned in this episode:

Capital Area Tax Consultants - www.capgllc.com

Capital Area Tax Consultants - www.capgllc.com

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Picture this: you’re working for one of the FANG companies, in a high-paying role, with unlimited PTO, free food, and plenty of responsibility -- sounds pretty ideal right? But there’s one big problem: you can’t take it anymore. On one hand, you feel guilty because you’ve ascended to a position many of your peers could only dream of. On the other, you’re unmotivated, unproductive, and struggling to make the commute to the office--or perhaps more telling--your kitchen table. What was once a challenging and fulfilling endeavor has soured. And the pressing question isn’t if you should leave, but when? 

Don’t get me wrong, feeling stuck in a high-paying white collar gig is a good problem to have, but it’s not sustainable. Regardless of your annual salary and all the bells and whistles, nobody is immune to career burnout. And worst of all, the cost of staying in a role that no longer serves you can steal your time, freedom, and creativity. And after the life-altering experience of living through the COVID-19 pandemic and plenty of introspection, many workers made the tough decision to protect their peace of mind and walked away. But aside from the financial implications, many more stayed in jobs they hated due to the fear of disappointing their parents and/or their cultural expectations, possible backlash from colleagues left holding the bag, or even just the fear of being seen as ungrateful. 

On this episode, Malcolm Ethridge sits down with Michael Lin, Founder of All-In Engineering Consulting, to discuss why he walked away from a nearly half a million dollar a year job at Netflix. In 2022, Michael made headlines after publishing a letter titled “Why I Quit a $450k Engineering Job at Netflix.” His words illuminated the reality of career burnout from high-demand, high-paying roles. So, he and Malcolm sat down to discuss his journey and lessons learned that other tech employees can benefit from.

Michael Lin Discusses:

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About our guest:

Michael Lin is an ex-Netflix tech lead turned entrepreneur. By day, he runs All-In Engineering Consulting, where they help VC-backed startups build MVP’s. By night, he writes a weekly newsletter about entrepreneurship, engineering, and life.

Mentioned in this episode:

Capital Area Tax Consultants - www.capgllc.com

Capital Area Tax Consultants - www.capgllc.com

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The most common example of social trading is when individual investors follow successful traders on social trading platforms and copy their trades. This can help investors who lack the time, experience, or confidence to invest on their own to achieve similar returns to more experienced traders. But, if you’ve ever traded stocks or crypto on Robinhood, and immediately received a prompt letting you know which of your friends also bought that stock earlier that same day, then you’ve experienced social investing. Or, if you’ve ever found yourself knee-deep in a Reddit thread debating the merits of bottom-up versus top-down company analysis, then you’ve experienced social investing as well.

For better or for worse, financial influencers play a significant role in the trend of social investing because they have established a following and built a reputation for their perceived knowledge and expertise in the financial markets. They are adept at using social media platforms such as Twitter, Instagram, Tik Tok, and Youtube to share their investment strategies, insights, opinions, and ideas with their followers. 

On this episode, Malcolm Ethridge sits down with Manning Field, CEO of Follow, a new social investment startup encouraging investors to bolster and diversify their portfolios by mirroring the trades of today’s top financial creators. The pair share their differing opinions on the rise of fin-fluencers, the so-called Reddit rebellion, and the expected long-term impact of social investing on a generation of newer, younger investors.

Manning Field discusses: 

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About Our Guest:

Manning Field is the Chief Executive Officer at Follow. He previously worked as the Chief Operations Officer at Acorns. Prior to Acorns, he launched market-leading products and programs at JPMorgan Chase like Chase Sapphire, Chase Freedom and Chase Ultimate Rewards, and was named an Ad Age "40 Under 40." He spent four years in Beijing,China, as CMO of JPMorgan Chase's consumer team and while there, founded a local credit card business. During his 18 year tenure at Chase, Manning oversaw many departments including Branding, Advertising, Product Development, Marketing, Corporate Development, Innovation, Sales Strategy, and, lastly, as the Managing Director of Loyalty Innovation.

Mentioned in this episode:

Capital Area Tax Consultants - www.capgllc.com

Capital Area Tax Consultants - www.capgllc.com

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Traditionally, we are taught from a young age that anyone who fails to pay their bills on time and in full is either irresponsible, lazy, or otherwise bad with money. By the time a person reaches young adulthood, they have essentially learned rule #1 of managing your personal finances: pay every bill on time, no matter what.

The reality though is that the importance of paying yourself supersedes paying anyone else. As cliché as it sounds, paying yourself first is an important financial lesson to learn and one that will serve you well in the long run.

In this episode, Malcolm Ethridge discusses the concept of paying yourself first, his belief that we should work, save, pay taxes, pay bills, and then spend what’s left in that order, and some recommendations for how to set up an automatic savings plan designed to take out as much of the human element out of the equation as possible.

LinkedIn: Malcolm Ethridge

Capital Area Planning Group

MalcolmOnMoney Newsletter 

@MalcolmOnMoney

Mentioned in this episode:

Capital Area Tax Consultants - www.capgllc.com

Capital Area Tax Consultants - www.capgllc.com

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The promise and allure of passive income is undeniable. The idea of making money “while you sleep” has led to a proliferation of personalities and influencers telling us how to build income streams through dividends, real estate, online courses, e-books, and more. Unlike the day-to-day income most workers are accustomed to, passive income allows you to receive earnings, royalties, or sales in perpetuity, well after the initial investment. Passive income streams compliment one’s salary and provide stepping stones to creating a life with greater financial freedom.

Historically, real estate investing has represented one of the most popular income building strategies beyond stocks, bonds, or a primary residence. However, for many busy tech workers, the idea of becoming a landlord, dealing with broken pipes, and evicting tenants can quickly quell any ideas of building a real estate portfolio. In contrast, passively investing in car washes, multi-family properties, or public storage facilities are attractive opportunities that provide cash-flow and appreciation without the active management of traditional real estate. Beginning the transition from active investing to passive real estate investing begins with finding a trusted and experienced investment team.

In this episode, Malcolm Ethridge sits down with Whitney Elkins-Hutten, the Director of Investor Education at Passive Investing dot com, a national passive real estate investment firm based in the Carolinas with a portfolio valued at over 1.3 billion dollars and fueled by 2,000 investors. The pair discuss Whitney’s passion for helping busy professionals achieve financial freedom through passively investing in cash-flowing real estate in their local communities, as well as why she has a bit of a unique emphasis on self-storage units and car washes.

Whitney Elkins-Hutten Discusses:

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LinkedIn: Malcolm Ethridge

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@MalcolmOnMoney

About our Guest:

Whitney Is A Real Estate Maven Who, After Purchasing Her First Rental In 2002, And Hitting A Homerun, Then Nearly Losing It All On Her Second Deal, Took Control And Figured Out How To Invest In Real Estate The Right Way. She Realized That Success Must Leave Clues. So, She Studied And Replicated The Very Personal Finance And Wealth Creation Strategies The Wealthy Use To Create Financial Freedom. Today, Whitney Is A Partner In $700M+ Of Real Estate —Including Over 5000+ Residential Units (MF, MHP, SFR, And Assisted Living) And More Than 1400+ Self-Storage Units Across 7 States—And Experience Flipping Over $3.0M In Residential Real Estate.

Mentioned in this episode:

Capital Area Tax Consultants - www.capgllc.com

Capital Area Tax Consultants - www.capgllc.com

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