Thoughts On Money [TOM]

This week's blogpost - https://bahnsen.co/3OHt2Ti

Legacy. Leaving a legacy. Your legacy.

What a loaded finance word, right? We know it has depth and meaning, but we don’t always really know what it looks like practically.

Join me as I walk through a real life story of legacy and share some practical steps for how you can leave a legacy.  

Links mentioned in this episode:

This week's blogpost - https://bahnsen.co/3QDVM25

Suppose I wrote two different articles – one on how to improve investment returns and another on how to reduce your tax bill.  Which article would you be most likely to read? 

Regardless of your answer, I think you will enjoy today’s discussion on Thoughts On Money.  We will dive into ideas for improving investment returns by looking for opportunities to reduce your tax bill. 

Please join me as I bring some life to the topic of taxes and provide you with some basic real-life applications. 

Links mentioned in this episode:

This week's blogpost - https://bahnsen.co/47jPdrg

Thank you for your faithful readership of Thoughts On Money. You and I, we are in this together. As iron sharpens iron, So one person sharpens another.

Links mentioned in this episode:

This week's blogpost - https://bahnsen.co/44LNvxf

We understand this idea of flourishing as individuals, but even furthermore in a corporate sense. Flourishing as a church community or flourishing alongside your colleagues in business, or flourishing as a family. This is an even deeper aspiration that we would prosper in and with our community.

Yet, flourishing isn’t how all of us would describe our life and current status. So, what’s missing?

If flourishing is the goal, what is the path to get there? I can’t claim to be able to pave that whole path in this article, but I do want to submit one key thought/idea for you to meditate on.

Links mentioned in this episode:

This week's blogpost - https://bahnsen.co/3Q8lStI

I was filling in for David Bahnsen this week on DC Today, and I was reminded how much I enjoy the Ask David section. This is where readers send in questions, and David addresses one question a day on this published public platform.

I remember an old teacher always used to encourage our class, “Ask, please ask all the questions you have. If you have a question on your mind, surely that same question is on the mind of a few others.” It was our civic duty to ask questions; it was for the greater good of the class. Our teacher actually used to give us [the class] an ultimatum – either ask questions for the entire period of the class, or he’d tee up a boring lecture. That’s right, an entire class, an entire semester, of just our questions. Sounds odd, right? But this professor knew the subject well, and our inquiries were based on the assigned reading, so it was our actual questions that made up the tapestry of his lecture. Yet, because we were the inquirers, we were much more engaged. Participation was a large portion of your grade, so it was also a motivator to complete the daily reading and be prepared for the discussion. It was quite a genius approach to teaching.

In that vein, I should probably be better about sharing the questions that I get from clients, friends, and readers. Why? Because surely these questions are on the minds of many others.

Links mentioned in this episode:

This week's blogpost - https://bahnsen.co/3DdMjXk

Today’s discussion was a lecture I was giving myself. Is there a place of vulnerability in my financial plan that needs to be addressed? Maybe your plan has some vulnerabilities and gaps, too. I encourage you to get a second pair of eyes on your plan and make sure everything is buttoned up and tidy.

Why? Because everything can change in a moment.

Links mentioned in this episode:

This week's blogpost - https://bahnsen.co/3JLysv2

The Choice is Yours

I couldn’t shake that statement. The truth of it haunted me a bit. Whether we realize it or not, the micro-decisions we make today will have an impact on our future. Yet, the size of that impact can only be measured and realized in hindsight.

Helping or Hindering

As a parent, these are weighty decisions. Whether your kids are toddlers or young adults, or even nearing retirement themselves, you have to be conscious about how you teach them about money and how you help them with money. Why? Because “The choices you’re making right now won’t even feel like choices until it’s too late.”

Links mentioned in this episode:

• http://thoughtsonmoney.com

This week's blogpost - https://bahnsen.co/3CVMVkh

For me, it was working full-time and attending class in the evening.  

Links mentioned in this episode:

• http://thoughtsonmoney.com

This week's blogpost - https://bahnsen.co/3qJPIu7

Don’t get me started on medical billing; we’ve got history.  

In all seriousness, the whole healthcare system has been a major frustration of mine for years. As a single guy, I never had to interact much with my health coverage – I rarely went to the doctor. With getting married and starting a family, much of this changed.  

Today I will discuss how I morphed these frustrations into a financial planning solution.  My hope is that by sharing my approach and process, it will help to sharpen your planning mind as well. 

Links mentioned in this episode:

This week's blogpost - https://bahnsen.co/3NlwmE8

Making pizza is all about timing. Do you know what else is all about timing? Roth conversions. Yup, just as the title alluded to, today we are discussing pizza dough and Roth conversions.

Links mentioned in this episode: