Speaker 1: It's time for the b a qa A, the b
Speaker 1: a qa What to say the b a qa with manday,
Speaker 1: the b a qa the b a qa.
Speaker 2: A, what's up? B a fam? Happy Friday. It is
Speaker 2: that time of the week again. I am looking forward
Speaker 2: to this weekend. My baby boy is turning five years old,
Speaker 2: so we are having a neon glow stick black light.
Speaker 2: What else did he ask for? A party? So it
Speaker 2: is going to be highly overstimulating. And pray for me
Speaker 2: because I had the bright idea to host this party
Speaker 2: at my house. And listen, I'm just grateful. It's going
Speaker 2: to be dark and it's gold in the dark, so
Speaker 2: I can just turn all the lights off. Let the
Speaker 2: kids go nuts. I'm making spikes for the grown up
Speaker 2: so like who cares? Just don't look away from the
Speaker 2: piles of laundry, look away from the closet doors that
Speaker 2: are going to be shut on so much crap that
Speaker 2: is spilling out of them. Lets let's focus on the
Speaker 2: kids having fun. Y'all all right, thank y'all for the
Speaker 2: overwhelming yeah support for the show in the past couple
Speaker 2: of weeks. Not only did y'all fill out the b
Speaker 2: A listener survey and so thoughtfully gave y'all's feedback for
Speaker 2: what you want to see next for brad Ambition and
Speaker 2: twenty twenty five. Like I just, from the bottom of
Speaker 2: my heart, thank you so much, BAFAM. I just y'all
Speaker 2: are the freaking best. I don't know, I mean, I
Speaker 2: do know. I was gonna say, I don't know how
Speaker 2: we got how we got so so lucky with the
Speaker 2: BA fam and the BA listenership, but I know wise
Speaker 2: because y'all have been rocking with us for years. I
Speaker 2: know some of y'all have maybe just discovered the show,
Speaker 2: but we have been around for almost a decade and
Speaker 2: we have never lost sight of y'all and why we
Speaker 2: are doing this show. And I think that feeling y'all
Speaker 2: can feel that love that we have for you BA Fam,
Speaker 2: you know we're doing this for you, and that y'all
Speaker 2: send that love back to me is just incredible. So
Speaker 2: thank you so much. Now we're heading into a Thanksgiving
Speaker 2: week and I know you're going to be inundated with
Speaker 2: promos for Cyber Monday and Black Friday and holiday sales
Speaker 2: and all of that. But before you get that big
Speaker 2: pile of marketing emails, I want to offer a really
Speaker 2: cool opportunity to you. I've never done this before. I'm
Speaker 2: a little nervous about it. I haven't even told my
Speaker 2: business coach because she might be like, Mandy, what you doing?
Speaker 2: Why are you making it so? Why are you doing that?
Speaker 2: Why are you doing that? I'm doing it because I
Speaker 2: want to. I'm doing it because I listen to y'all
Speaker 2: and I see even from the survey, from y'all's comments
Speaker 2: to the questions we get in our DMS, I see
Speaker 2: that this has been a tough year, whether it's financially
Speaker 2: or career wise. You may be feeling like your dollars
Speaker 2: are not being stretched or not stretching as far as
Speaker 2: they used to, That you're not getting the big raises
Speaker 2: and promotions like we were seeing in twenty twenty one
Speaker 2: twenty twenty two, that you're not feeling as confident getting
Speaker 2: yourself out there in the job market, or even if
Speaker 2: you are in the job market, that recruiters are ghosting you,
Speaker 2: that you're doing a lot of interviewing but you're not
Speaker 2: getting any job offers. It's a tough season out there, right,
Speaker 2: So I'm actually offering a flash sale, a one day
Speaker 2: only twenty four hour sale on the Mandy money Maker's
Speaker 2: Course and Academy. So this is my I wasn't gonna say,
Speaker 2: magnus opus. It is my baby. It is the course
Speaker 2: that I created and have been adding to and improving
Speaker 2: and iterating on for three years now. It is the
Speaker 2: most comprehensive career strategy offering for women of color that
Speaker 2: I have seen. I created the solution that is going
Speaker 2: to help you feel more confident about your career goals.
Speaker 2: That is going to give you the winning strategies that
Speaker 2: I myself used to tenx my income from thirty thousand
Speaker 2: to over three hundred thousand dollars a year across a
Speaker 2: decade of my own career. It is going to make
Speaker 2: you feel less alone if you are someone who's wanting
Speaker 2: to pivot but still feeling stuck. It is going to
Speaker 2: give you strategies to negotiate to bounce back from challenging
Speaker 2: times like the ones that we're in right now. When
Speaker 2: it comes to your career. It's going to make it
Speaker 2: give you the confidence so that you can actually, I
Speaker 2: don't know, post on LinkedIn get seen and noticed by
Speaker 2: not just recruiters, but the right recruiters, the ones who
Speaker 2: really have job opportunities and are looking for someone special
Speaker 2: who's going to separate themselves from the pack. I will
Speaker 2: teach you. I've got templates for LinkedIn, I've got interview tips.
Speaker 2: I have got not just that, but I've got a
Speaker 2: holistic approach to solving some of the biggest challenges in
Speaker 2: your career. What do I do if I feel stuck?
Speaker 2: How do I actually get recruiters to respond to my emails?
Speaker 2: How do I get noticed by recruiters? How do I
Speaker 2: be seen? How am I going to be seen as
Speaker 2: a thought leader in my space? How do I send
Speaker 2: emails dms to people that I'm interested in can with
Speaker 2: without giving them the ick and without feeling super desperate
Speaker 2: on my part? How do I build confidence as a negotiator?
Speaker 2: And when I actually earn more money, because that's what
Speaker 2: I'm here to help you do, how do I invest
Speaker 2: that money and use that money to grow my wealth? Right?
Speaker 2: How do I turn my career into a wealth building engine?
Speaker 2: That is what the Mandy money Makers is all about.
Speaker 2: And for the first time only, like I said, I
Speaker 2: am offering the full course to you for fifty five zero.
Speaker 2: I really hope my business coach is not listening, just
Speaker 2: don't listen. Fifty percent off fifty percent off, Okay, and
Speaker 2: today is the day, so at the at midnight tonight,
Speaker 2: this deal will expire. But I want to give you
Speaker 2: guys a chance to take a bet on yourself, to
Speaker 2: invest in yourself. Now, this course is probably what a
Speaker 2: dozen or more hours of content. I've got five thousand
Speaker 2: dollars worth of bonuses, and I keep just adding to
Speaker 2: the bonuses because why the hell not. I look at
Speaker 2: the Mandy money Maker's Course as a It's the kind
Speaker 2: of investment that is going to appreciate in value over time.
Speaker 2: There are modules, there are bonuses that I add as
Speaker 2: I learn, as I gain insights from the community, I'm
Speaker 2: constantly making it better. So I've added a bonus on
Speaker 2: how to start your own consulting business. I've added a
Speaker 2: bonus on how to start your own podcast, because why
Speaker 2: not it's an additional income stream potentially, right. I've added
Speaker 2: a module on how to get quoted in media if
Speaker 2: you're someone who doesn't want to just be a thought
Speaker 2: leader but actually get you know, put in media mentions
Speaker 2: and things like that. I have added a module, an
Speaker 2: additional module on career pivoting so how to do an
Speaker 2: actual hard pivot in your career. And I go through
Speaker 2: four or five different styles of pivoting that you can do,
Speaker 2: and I will continue adding on. So fifty percent off
Speaker 2: the entire course in academy is now available. Go to
Speaker 2: Mandy money dot com slash academy to get this limited
Speaker 2: time deal. It is ending at midnight. Your turn is
Speaker 2: turning into a pumpkin at midnight tonight, So please don't walk, run,
Speaker 2: oh and shoot. I just forgot one additional thing. I
Speaker 2: really hope my business coach is not listening to this.
Speaker 2: But another first for me is I am introducing a
Speaker 2: referral if you and a referral bonus. If you and
Speaker 2: a friend both enroll the Mandy money Makers and you
Speaker 2: tell me who you are, you're each going to qualify
Speaker 2: for a one hour free coaching session with me. A
Speaker 2: one hour free coaching session with me. Okay, And if
Speaker 2: there's one thing that we talk about on Brown Ambition,
Speaker 2: it is the value of time. I typically charge upwards
Speaker 2: of three hundred and fifty dollars per hour for a
Speaker 2: one on one session with me. I'm giving you each
Speaker 2: one for free. So you're going to get fifty percent
Speaker 2: off the course, which you have access to for a lifetime,
Speaker 2: and in your back pocket. You're going to have a
Speaker 2: one on one session with me, your favorite career coach
Speaker 2: and Brown Ambition podcast hosts, Mandy Wood of Santo's at
Speaker 2: your beck and Call. Okay, so please enroll. Go to
Speaker 2: Mandy money dot com slash Academy twenty four hours only.
Speaker 2: Good luck. I hope you take advantage of this. It
Speaker 2: ain't gonna happen again. Wait till my business coach comes
Speaker 2: and grabs me up and tells me Mandy, But I
Speaker 2: don't care. I don't care. I'm doing it for y'all. Okay.
Speaker 2: At the end of the day, sometimes you make decisions
Speaker 2: that are that are just best for your community. And
Speaker 2: that's what I want to do. Okay, That's why I'm
Speaker 2: my own boss. I can't wait to see y'all in
Speaker 2: the academy. Okab a fam Now, just as a reminder,
Speaker 2: I am not your financial advisor. I am not your
Speaker 2: personal investment advisor. I am not your lawyer, or your doctor,
Speaker 2: or your obgyn or your landscaper. I'm nothing. Okay. I'm
Speaker 2: a lady on the internet who has got some insights
Speaker 2: and some ideas, and I'm here to let y'all in
Speaker 2: on how I think about problems and some solutions I
Speaker 2: may have. But please, Dear Lord, do not sue me,
Speaker 2: and we all jump on into your question now. While
Speaker 2: I'm looking up these questions, I do want to note
Speaker 2: that Spotify, y'all have been leaving comments on Spotify. Why
Speaker 2: don't no one tell me this? It's incredible? So you
Speaker 2: know how we've been reading reviews from listeners on the air.
Speaker 2: I'm going to start going into Spotify and reading our
Speaker 2: comments because y'all have been so generous with your feedback
Speaker 2: and I just appreciate it, and I want y'all to
Speaker 2: know that we see them, we read them, I love them.
Speaker 2: I will respond when I see them. Yes, it's really
Speaker 2: me responding. I try to sign the I try to
Speaker 2: sign my replies Mandy so that you know it's me.
Speaker 2: But honestly, it's probably me. It's probably me who's responding.
Speaker 2: So let me jump into Spotify comments right now and
Speaker 2: see who we can give a shout out to, because
Speaker 2: y'all are just amazing. Where do you know that on
Speaker 2: tokay two listeners to the Matthew Knowles interview that just
Speaker 2: aired this week. Okay, this is a long number. This
Speaker 2: commenter says, wait the Matthew Knowles. Okay, Mandy, we see you.
Speaker 2: Y'all know this means we're only six degrees of separation
Speaker 2: from Queen Bee. Go Mandy, thank you. And then listener
Speaker 2: Diana says, what, okay, Mandy flex on flex on us.
Speaker 2: Then this is your world. We're just living in it. Oh,
Speaker 2: y'all are so funny. Did y'all like the Matthew Knowles interview?
Speaker 2: That was so fun and shout out to Yeah, shout
Speaker 2: out to his team for letting him come on the show.
Speaker 2: And he was just so sweet to talk to you.
Speaker 2: I kind of felt like I was talking to my dad,
Speaker 2: you know, just also knowing that he's like a gajillionaire
Speaker 2: who co wrote some of my favorite songs from one
Speaker 2: of my favorite bands of all time. No, no big deal,
Speaker 2: all right. Listener Gift Yeah twenty four. Oh okay, this
Speaker 2: is on the episode earning four hundred thousand dollars and
Speaker 2: still drowning in debt. This is the baqa from I
Speaker 2: think two fridays ago. Gift Yeah twenty four says, I
Speaker 2: love the vulnerabil and authenticity that Mandy shared in this episode,
Speaker 2: thank you y'all have to go back and listen to
Speaker 2: that episode because I did. I told a tail. I
Speaker 2: told a tale about my target addiction. Go back and listen.
Speaker 2: This is listener two one seven, says Mandy. This. This
Speaker 2: is what the ba fan has always loved about you
Speaker 2: and Tiffany, the authenticity that y'all bring. You weren't only
Speaker 2: talking to missus X, you were talking with all of us.
Speaker 2: I've been overspending also, and I don't make anywhere anywhere
Speaker 2: near what you you or missus X make, but I
Speaker 2: felt seen and there was zero judgment. Thank you. That
Speaker 2: is uh, that is so kind. Thank y'all so much. Okay,
Speaker 2: I'm gonna read one more and then we'll get into questions.
Speaker 2: This is from listener Taylor. Taylor responded to the episode
Speaker 2: the Smartest Ways to invest in Your Future. She said,
Speaker 2: I love the BAQA. I've been listening for the last
Speaker 2: half of the year and learning a lot. I changed
Speaker 2: jobs two years ago and I totally forgot about my
Speaker 2: four one K. My current job does profit sharing. I
Speaker 2: need to look into where that money went. Forever learning
Speaker 2: from these amazing ladies. I love that. Taylor Honestly, some
Speaker 2: of us we just need a reminder. You know, there's
Speaker 2: so much going on throughout the day, so many other
Speaker 2: important tasks you gotta do that sometimes that old dusty
Speaker 2: retirement account or investment account or whatever, you just kind
Speaker 2: of forget about it. So I'm so glad that this
Speaker 2: show has been helping y'all. Spotify comments it's a thing.
Speaker 2: And what I love about Spotify comments is that I
Speaker 2: can actually see which episode you are responding to, whereas
Speaker 2: on iTunes we can see the comments, but unless you
Speaker 2: tell me which show it was, I don't exactly know
Speaker 2: always which episode really resonated with y'all. So shout out
Speaker 2: to Spotify. All right, now, let's get into this week's question.
Speaker 2: This week's money question comes from igh listener Ta Coola.
Speaker 2: Tacola says, Hello, ladies, I need some help getting started
Speaker 2: with trading. I listened to your podcast regularly, especially when
Speaker 2: you feature guests who trade in stocks. I guess I'm
Speaker 2: a little hesitant and unsure of my and I would
Speaker 2: love some of your personal advice on where to begin. Okay,
Speaker 2: to Cola, you know, we got a really great response
Speaker 2: because we did a replay a Haloback episode of an
Speaker 2: interview that we did with Terry Egioma of Trade to
Speaker 2: Travel or Trade and Travel. Terry is incredible. Go back
Speaker 2: and find that episode. I think it was a Holiback
Speaker 2: episode a few weeks ago, but you can find her everywhere.
Speaker 2: Terry A. Geoma is an educator and she teaches. She
Speaker 2: probably teaches tens of thousands of people how to trade
Speaker 2: all the time. But the one thing that I thought
Speaker 2: of when you asked about help getting started trading is
Speaker 2: don't trade with real money in the beginning. So what
Speaker 2: it's called is paper trading. And I have a paper
Speaker 2: trading account through my trial Schwab investment account, and there
Speaker 2: are other paper trading So the reason they call it
Speaker 2: paper trading is because it's not real money. It's literally
Speaker 2: like a playground for you to you can actively trade
Speaker 2: and you feel like you're trading, and you get you
Speaker 2: get used to the terminology. You can make mistakes without
Speaker 2: actually risking real money. And I would say do that
Speaker 2: for as long as it takes for you to feel comfortable.
Speaker 2: I've actually been trying to do that for the past year,
Speaker 2: and I kind of had these like spurts where I'm
Speaker 2: doing it and not doing it, and I don't quite
Speaker 2: feel ready to, you know, get to that tarry level
Speaker 2: of investing, but why not try and while you're building
Speaker 2: up your confidence, like use these tools as a way
Speaker 2: to do it. So there are other paper trading platforms
Speaker 2: on brokerages like wee Bowl that's we b u LLL
Speaker 2: their Schwab, like I mentioned, Schwab actually acquired the Thinker
Speaker 2: Swim platforms. So they acquired TDM ror Trade which founded
Speaker 2: the Thinker Swim platform, which is like the OG of
Speaker 2: paper trading. So if you're on Charles Schwab, that's the
Speaker 2: Thinker Swim platform. Interactive Brokers has a paper trading offering.
Speaker 2: E Trade of course has paper trading and this is
Speaker 2: a new one that I haven't heard of or personally
Speaker 2: you trade station new to me, maybe not new to y'all.
Speaker 2: But those are five options if you want to get
Speaker 2: into paper trading, and I think it's such a great opportunity.
Speaker 2: Even if everything looks like Greek to you, I mean,
Speaker 2: why do we hate on the Greeks whatever? Greek is
Speaker 2: a beautiful language. Okay, if everything seems hard to understand
Speaker 2: or it's a lot of jargon, at least you can
Speaker 2: give yourself time. You can take your time, you can
Speaker 2: google stuff, you can look up explainers and hey, like
Speaker 2: ask me questions along the way. Maybe we can have
Speaker 2: Terry come back on the show. But I love this
Speaker 2: because it is a I mean, it's not even I
Speaker 2: wouldn't even say low stakes. It's a zero stakes way
Speaker 2: to start training yourself and how to trade and how
Speaker 2: to make money literally appear from nowhere. It's magical. But yeah,
Speaker 2: I am not again your investment advisor, and you got
Speaker 2: to do what's best for you. But paper trading, I mean,
Speaker 2: it's kind of a no brainer, right if it comes
Speaker 2: to increasing your knowledge, getting yourself to practice, and getting
Speaker 2: over that hump of like making it a little less scary,
Speaker 2: just like actually getting in there and seeing how it
Speaker 2: all works. Okay, Tacola, thank you for your question. I'm
Speaker 2: going to be right back with question number two. Ba
Speaker 2: Faan stay tuned, all right, ba fam, I am back
Speaker 2: with a question from our email inbox Broad Ambition podcast
Speaker 2: at gmail dot com. If y'all want to submit a
Speaker 2: question to the show. By the way, when you submit
Speaker 2: a question, make sure you put BAQA in the subject
Speaker 2: line because the mailbox is full and I need help
Speaker 2: parsing through finding y'all's questions. Okay, this question comes from
Speaker 2: listener Jenny Love that name all right. Genny says, I
Speaker 2: found you both in March twenty twenty three and Binge
Speaker 2: listen to your episode from the start. That's amazing. I
Speaker 2: feel like I know you both so well and thank
Speaker 2: you for all the work you both do to empower women.
Speaker 2: I'm in my mid forties. I'm married and I have
Speaker 2: a four year old. I live in New York City,
Speaker 2: Husban and I have a yours, mine and hours financial setup.
Speaker 2: I recently came into some money which falls into the
Speaker 2: mine category. It's around one hundred k. For now, I
Speaker 2: have it parked in a CD till I decide what
Speaker 2: to do with it. I have the following retirement accounts.
Speaker 2: I have an IRA and I've maxed out my twenty
Speaker 2: twenty four contribution. I have a work pension and a
Speaker 2: four to seven B plan which I contribute towards. I
Speaker 2: also have a high yield savings accounts with six months
Speaker 2: worth of expenses. I have revolving credit card debt which
Speaker 2: I pay off each month. Also, I have a mortgage.
Speaker 2: I take care of my disabled father, so I'm wondering
Speaker 2: if I should keep this extra hundred k in a
Speaker 2: savings account for when he passes or as his health deteriorates.
Speaker 2: I took a step down when I had my son
Speaker 2: and I wasn't earning as much for a few years.
Speaker 2: During that time, I didn't contribute to retirement. So should
Speaker 2: I invest the money into a brokerage account? If so,
Speaker 2: how much we have a five to nine plan set
Speaker 2: up for our son. Should I put some in there?
Speaker 2: I have analysis paralysis right now, trying to decide what
Speaker 2: to do. Please advice, I thank you and advance. Ginny, Okay, Ginny.
Speaker 2: I love rich people problems. I love I got money problems.
Speaker 2: This is a good problem to have, okay. And honestly,
Speaker 2: parking it in a CD until you decide what to
Speaker 2: do with it is so damn smart. And the reason
Speaker 2: is that with the certificate a deposit account or a
Speaker 2: CD account, which if you guys don't know what that is,
Speaker 2: there you go. CDs tend to have much higher interest
Speaker 2: rates than your typical high yield savings account even and
Speaker 2: if you get a high interest rate on a CD,
Speaker 2: that can be a great way to grow your funds.
Speaker 2: But you have the protection of FDIC insurance, which means
Speaker 2: that your money is ain't going nowhere. Okay. Also with
Speaker 2: the CD, the only caveat, well there's a couple, but
Speaker 2: the biggest caveat is that you have to leave it there.
Speaker 2: So leave it there for up to for the best rates.
Speaker 2: The best rates on a CD are gonna often come
Speaker 2: along with the longest the longest periods of time with
Speaker 2: which you need to keep the money in that account.
Speaker 2: So one year, two, three, four, five year CD, they're
Speaker 2: going to increase in rate. But the caveat is that
Speaker 2: you will have to pay penalties if you try to
Speaker 2: withdraw it early. So I'm hoping that you have it
Speaker 2: parked in like a I don't know, six month or
Speaker 2: a one year CD, but sounds like a good plan
Speaker 2: while you figure stuff out for sure. Okay, So I'm
Speaker 2: in the put a chunk of that away category away
Speaker 2: for now. You have your six months of expenses for
Speaker 2: your family, but while you're taking care of your father,
Speaker 2: I honestly think double that because the expense of taking
Speaker 2: care of being a caregiver, which means I mean you
Speaker 2: have two people to take care of a four year
Speaker 2: old and you're ailing father and that is just a
Speaker 2: lot of pressure. You may need to take time away
Speaker 2: from work so that you don't end up getting super
Speaker 2: burnt out and overwhelmed. You may want to use some
Speaker 2: of that money to hire a home health aid or
Speaker 2: just to help cover your expenses so that you can
Speaker 2: take a step back if you want to really take
Speaker 2: on a lot of the bulk of the caregiving duties
Speaker 2: and responsibilities. So I could definitely see a world in
Speaker 2: which you just take a part of that and budgeted
Speaker 2: out for how many months of additional support you can
Speaker 2: hire to help with your father or even childcare, you
Speaker 2: know which I want to or maybe both. Even so
Speaker 2: you're revolving credit card debt, you say you pay it
Speaker 2: off each month, so I'm assuming that means you pay
Speaker 2: off in full each month. So it sounds like you
Speaker 2: don't have like any high consumer debt that's gonna immediately
Speaker 2: require like a big chunk of that one hundred k.
Speaker 2: You have a mortgage, I'm gonna I'm gonna guess that
Speaker 2: it's at a relatively low interest rate, so we don't wanna.
Speaker 2: I wouldn't recommend, And again I'm not your financial advisor
Speaker 2: or your attorney or anything. Like that. But I typically
Speaker 2: wouldn't recommend like putting that toward your mortgage, because there's other,
Speaker 2: you know, better places that you can be putting that cash. Sometimes.
Speaker 2: Let me see as far as your like brokerage account.
Speaker 2: Absolutely I would take a chunk of it and you
Speaker 2: can you can break it up, you know. I would
Speaker 2: prioritize it by what is the highest risk category for
Speaker 2: your finance needs. It could be that your dad's going
Speaker 2: to need around the clock care. It could be that
Speaker 2: you're going to be taking a year off because you
Speaker 2: need more time to do all this caregiving. It could
Speaker 2: be that, you know, I know, you say that you're married.
Speaker 2: I hope you're happily married, but it could be that
Speaker 2: you anticipate having a separation and so you'll need to
Speaker 2: have extra income to you know, last you through that time.
Speaker 2: I'm not trying to be a Debbie down er. I'm
Speaker 2: just being realistic as some like different scenarios of what
Speaker 2: would come down the pike to make you want to
Speaker 2: hold on to more cash now because you were not
Speaker 2: able to contribute to your retirement fund for those three years,
Speaker 2: catching up by parking like actually depositing a chunk of
Speaker 2: that Hunter K, and to your you say that you've
Speaker 2: maxed out your IRA, well, then open up a traditional
Speaker 2: brokerage account. It can be a ROTH, but open up
Speaker 2: a traditional like brokerage account and you could put half
Speaker 2: of that hundred k. You can put the fifty k
Speaker 2: into that. A good I OWE. A good strategy to
Speaker 2: think about too, is like, as far as taxes are concerned,
Speaker 2: where can you put that one hundred k that will
Speaker 2: minimize your tax liability? So if you have an accountant, Jinny,
Speaker 2: I would definitely say ask your accountant. This is I'm
Speaker 2: answering your question. At the end of November, you still
Speaker 2: got time, right this episode's coming out tomorrow, you still
Speaker 2: have time to make some smart decisions about where to
Speaker 2: put that money so that you don't end up having
Speaker 2: as much tax liability. So that could be maxing out
Speaker 2: your four one K, or you save a four to
Speaker 2: seven what is it four or five seven B a
Speaker 2: program that you have, so maxing that out, maxing out
Speaker 2: your WROTH, I RAY, and then whatever else you have
Speaker 2: you can max out if you have a HSA account,
Speaker 2: if you have goodness, What are some other tax advantages
Speaker 2: tax advantage accounts that I can think of right now.
Speaker 2: Those are the big ones. Yeah, oh you're obviously you
Speaker 2: mentioned your five two nine set up for your son,
Speaker 2: So also making that contribution before the end of the year,
Speaker 2: it could potentially reduce your income, your tax income for
Speaker 2: the year. So I think it's a good opportunity for
Speaker 2: you to talk one on one with your accountant or
Speaker 2: an accountant, because sometimes I know that you've got these
Speaker 2: varying priorities and all these different big important things that
Speaker 2: you could be setting aside money for. But the beauty
Speaker 2: of an accountant is that they can help you put
Speaker 2: that money away so that you maximize the amount of
Speaker 2: money that you end up with and minimize the amount
Speaker 2: of money that Uncle Sam takes because he will be
Speaker 2: coming to get his share. That is the one thing
Speaker 2: that he will always be want to do. Okay, So
Speaker 2: that's really my advice. That's some ideas that I have,
Speaker 2: But I think ultimately sitting down with the CPA who
Speaker 2: can make the help you make the best choices to
Speaker 2: limit your taxes is a really smart way to take this.
Speaker 2: And I'll be surprised if you don't already have a CPA,
Speaker 2: because I have never. I mean, I just love messages
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Speaker 2: y'all really listen and take note. And I'm just really
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Speaker 2: And I think if you can maximize your tech strategies here,
Speaker 2: you'll be in amazing shape. Okay, thank you so much,
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