Emily & Amanda open the episode with our recommendation of the book Black Fortunes by Shomari Wills. We then get into a discussion on tax refunds. First, we recommend tax planning in order to minimize your refund for next year. Then, look to your money personality to help decide what's best for you.
Emily and Amanda discuss various arguments against jumping into crypto. With all the buzz surrounding crypto, we are getting more and more questions about how to navigate it. The key is to find reliable and neutral sources for research that is not pushed by people who are trying to sell it.
Emily & Amanda work through a visualization exercise that psychologists say is proven to increase savings rates. According to Dr. Brad Klontz, those who spend one hour visualizing their goals and creating an automatic savings system increase their savings by 73% after only one month
Emily and Amanda discuss the use of your social values when it comes to your investments. With the advent of new investment products over the past several years, it's become easier than ever to align your money with your values.
Emily & Amanda discuss why these important items should be on your 2021 checklist. This list includes rebalancing your portfolio, capital-gains, tax withholding adjustments, retirement and HSA contributions, charitable giving and college savings.
Episode 4 - Amanda is joined by Danielle Woods to discuss different types of savings accounts including 401ks, Roth IRAs and taxable savings/brokerage accounts. They breakdown the potential tax consequences of each type of account and emphasize the importance of saving and planning in order to meet your future goals.