192 : The Three Buckets of Tax Planning with Susan Geist

In this episode: tax planning strategies, financial independence, empowering women in finance, real estate investments, overcoming financial shame with Susan Geist

Episode Summary
Adam welcomes Susan Geist, a financial expert focused on empowering women to take control of their finances and achieve Financial Independence. They discuss various tax planning strategies, the importance of understanding different income buckets, and how women can navigate financial challenges. Susan shares her personal journey to Financial Independence and provides actionable insights for listeners seeking to improve their financial literacy.

Guest Bio
Susan Geist is a financial expert and co-founder of Rising Femme Wealth, an organization dedicated to helping women achieve financial empowerment and independence. With a background in tax strategy and personal finance, Susan guides women in understanding their financial options and making informed decisions to create the lives they desire.

Resources & Books Mentioned

• "Rich Dad Poor Dad" by Robert Kiyosaki
• "The Simple Path to Wealth" by JL Collins

Guest Contact Information

• Rising Femme Wealth: https://www.risingfemmewealth.com/
• Free Tax Smart Financial Independence Guide: http://www.risingfemmewealth.com/mindful

Key Takeaways

• Understanding the three income buckets (active, portfolio, passive) is crucial for effective tax planning.
• Empowering women to take control of their finances is essential for achieving Financial Independence.
• Tax planning should be integrated into an overall wealth plan, considering personal values and lifestyle goals.
• Utilizing tax-advantaged accounts, such as 401(k)s and HSAs, can significantly impact long-term financial health.
• Real estate investments offer unique tax benefits, including depreciation and 1031 exchanges.
• Overcoming financial shame and taking proactive steps towards financial literacy is vital for women seeking empowerment.

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