Gen One Legacy

Have you ever experienced the fleeting thrill of spending a windfall only to face regret once the excitement fades? 

You're not alone. 

Many of us have felt the sting of impulsive spending after receiving unexpected sums, like a tax refund, bonus, or even a lottery win. 

This episode delves into the psychological and emotional rollercoaster that often accompanies financial windfalls. 

We&apo...

Ever been hit with the shock of realizing you made a costly mistake on your tax return?

You wouldn’t be the first.

In fact, the IRS flagged nearly 17 million mathematical errors on 2022's tax returns. But the errors weren’t just about owing more; many were about missing out. Imagine being one of the 1.5 million taxpayers who left a collective $1.5 billion unclaimed.

In this episode, we're not just talking...

Ever find yourself stretched thin between paychecks or grappling with the anxiety of unexpected expenses?

You're not alone.

In this episode, we're unraveling the complexities of cash flow management and its undeniable impact on your financial health.

More specifically, we're diving deep into the strategies that can transform your approach to managing your money, shifting from a paycheck-to-paycheck existence towards ...

In this episode we’ll cover the nitty-gritty of what your employer’s stock really means for you. Are you sitting on a goldmine, or is it time to cash out? 

Whether you’re building wealth for the next generation, eyeing that sweet spot of financial freedom, or just trying to make sense of your stock options, we’ve got you covered.

 We’ll dive into practical ways to assess the value of your company stock qualitatively and qua...

"Taxes are the price we pay for a civilized society."

This often repeated quote is carved into the entrance of the IRS's national headquarters building in Washington, D.C.

And it serves as a reminder that we all need to pay our fair share to maintain one of the highest standards of living in the world.

At the same time, however, growing your family's wealth from one generation to the next involves paying ...

Some say that the family that plays together stays together.

And the simple reason this saying holds true is because unstructured time well-spent together creates stronger social and emotional ties within the family unit.

You're literally bonding together.

Now, when it comes to talking about money, some families find the opposite to be true.

That's because discussions around money often repel members.

And s...

Is educating your children, grandchildren, or other important individuals in your life a priority?

Well, for many of us, the answer might be a resounding "yes."

And so, you've likely thought of ways to support the learning efforts of your loved ones, including funding their education expenses.

Now, when it comes to setting aside money for education expenses, you might think of traditional savings veh...

Tax season is now well underway, and most returns are due by April 15.

Are you ready?

Well, if you struggle with getting your returns filed, or simply don't know where to start, then we've got you covered this year.

That's because the secret to a stress-free tax season involves staying organized before you sit down to prepare your returns and by starting sooner rather than later.

Indeed, when you avoid the...

Am I saving enough for retirement?

Now, no matter where you are in your savings journey, the answer to this question is crucial to securing your long-term financial independence and legacy-building goals.

The trouble is that some individuals often focus on a savings number instead of a lifestyle outcome.

In fact, some will tell you that all you need to do is save up six times your salary by the time you turn 50, an...

In this landmark episode of Gen One Legacy, formerly known as The FI Mastery Podcast, host Peter Donisanu unveils a transformative shift in the podcast’s mission and name to more accurately reflect its renewed vision. Today, we're embarking on a journey not just toward financial independence but toward creating enduring legacies that will benefit generations to come.

Peter shares his personal vision of leaving a legacy where fu...

Stock-based compensation can transform your life when it’s managed wisely.

Indeed, if you're a tech professional, then you likely know how receiving stock awards isn't just a perk, it's your gateway to building generational wealth and securing your family's financial future for decades to come.

With that said, however, too many well-intentioned individuals choose to give their grants a cursory look when they&...

Each New Year brings with it some form of change, especially when it comes to taxes. 

But let's face it: with so much going on at the start of the year, who has time to keep up with all the tax changes, right?

Well, fortunately, I’ve been keeping an eye on some of the tax developments coming down the pike this year, so you don't have to.

And what did I find?

Well, beyond the usual inflation adjustments to tax brackets, ded...

So, you've finally decided to launch that new business startup in 2024. 

Congratulations!

There's no better time than the New Year to finally get that great idea that you've been thinking about for so long launched up and off the ground.

In fact, starting and growing your own business is one of the fastest ways to achieving financial independence and building generational wealth.

Now, while seizing the day may work fo...

Under the right conditions, money does grow on trees.

You heard that right.

And to be clear, money can only grow on trees when it grows from a family tree.

How so?

Well, when each successive generation in a family tree works together, they can produce a varying measure of wealth that benefits each family member and their broader community.

And so, what's the catch?

Well, the catch is that wealth produced by your family doesn&ap...

Economic and market forecasts are often wrong, but they're still useful.

Indeed, looking back on the past year, most market prognosticators and economists got the year's forecasts wrong.

That's because last year was supposed to be the year that the US economy fell into a recession, which led markets to bet that the Federal Reserve would cut interest rates by the end of 2023.

And while risk assets eventually rallied on...

Do you know what you were put on this earth to accomplish?

Or are you grinding away in a vocation that seems to be producing little fruit?

Certainly, these sorts of profound questions are ones that philosophers have debated for millennia.

And so, when considering one's life's work, it's easy to think about it in the context of significant achievements by notable individuals who have fundamentally changed the cour...

You've likely heard that 80% of New Year's resolutions fail by February.

And some studies have even shown that less than 10% of individuals will have achieved their New Year's goals by year-end.

So then, what's the point, right?

Why do so many of us go through the trouble of setting goals if there's a low chance of achieving our desired outcomes in the end?

Well, it's likely because we all know that goa...

With Christmas just days away, some of you may be scrambling to find that last perfect gift for your family this year. 

Well, before you head out the door for one last purchase, might I suggest the gift of knowledge this year?

You see, if you're planning to leave behind any measure of wealth to your loved ones after you pass, then giving the gift of knowledge is crucial to this end.

And why's that?

Well, that's b...

A solid investment strategy seems to work until something comes out of left field to knock it off track. 

You know, as the former heavyweight champ Mike Tyson is known to have said that, "Everyone has a plan until they get punched in the mouth."

And in the investing work, we sometimes call these big, unexpected market and economic events "Black Swans."

So, why should you care about Black Swans?

Well, you should c...