The Personal Finance Guide for Tech Professionals: Building, Protecting, and Transferring Your Wealth
$10.79
Author(s) | |
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Format |
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Pages |
245 |
Published Date |
2022 |
With The Personal Finance Guide for Tech Professionals, You will Gain a a basic foundation of essential personal finance issues and strategies, specifically geared towards tech professionals. The book will build on the concepts, such as going from the basics of investments to more advanced topics like alternative investments and tax strategies.
In the U.S., about 6 million tech startup employees have stock options. The result is that this can often be the biggest source of wealth, sometimes reaching into the millions. Yet there are many financial and tax complications that have been aggravated with the transition to remote work. This can mean lower returns and missed opportunities, and in some cases, employees may even be subject to actions from the IRS and local tax agencies. The Personal Finance Guide For Tech Professionals is packed with actionable advice and covers the main areas that any tech professional will face. You will:
- Track and analyze investments with fintech apps
- Improve the results of freelance work, such as with strategies to lower taxes
- Protect your hard-earned assets with insurance and the establishment of entities like LLCs
Author’s Note:
As I write this Introduction, the stock market has suffered a major decline. True, this has come after a long bull run. But it certainly does not make investors feel any better. Bear markets are awful. They are also a wake-up call. They highlight the importance of diversification. They also show the importance of taking a holistic approach to your personal finances. This means taking into account insurance, tax planning, and estate planning.
And this is what my book is about. It’s not just about the various investments you can put your money in. The goal is to provide a comprehensive approach. The issues for tech professionals can be particularly complex. The bear market, for example, has hit tech stocks the hardest. There are also the issues of dealing with equity compensation, like stock options. There is the risk of having too much of your wealth in shares of a few companies. When working with startups, the planning for benefits, such as for health insurance, can be challenging.
Now this is not to make you depressed! The tech world is exciting. There are many secular changes that will propel growth. But it is still important to build a good financial foundation. This will help you get through the occasional downturns. OK then, so what about my background? Most of my career has been in the tech industry, since the early 1990s. I founded several companies and raised venture capital. Along the way, I got firsthand experience with unique personal finance issues and situations.
To better understand these, I took a tax course and then got my license as an Enrolled Agent. This is the highest designation of the IRS (Internal Revenue Service) and allows me to represent people before the agency. In 2002, I started my own tax and financial advisory firm, called PathwayTax.com. I have helped many tech clients. A big part of this has been with tax preparation and planning. But I have also helped people resolve their tax problems, such as with back taxes and unfiled returns. I’ve also done quite a bit of writing on financial and tax matters. I’ve written for publications like Forbes, Barron’s, Kiplinger, Motley Fool, and BusinessWeek.
Contents:
- Stocks and Bonds
- Mutual Funds and ETFs
- Alternative Investments
- Hedge Funds
- Hard Assets
- Asset Allocation
- Benefits
- Equity Compensation
- Estate Planning
The Personal Finance Guide for Tech Professionals: Building, Protecting, and Transferring Your Wealth By Tom Taulli pdf
3 reviews for The Personal Finance Guide for Tech Professionals: Building, Protecting, and Transferring Your Wealth
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Reign Bradley (verified owner) –
I’ve been looking for a book like this for a long time. Keep in mind that it is not just about equity compensation. The author also covers topics like benefits, estate planning, crypto, and alternative assets. More importantly, he does this is an understandable way – with practical examples. Going forward, I feel more prepared when dealing with the complex financial issues of being in the tech industry.
Braylen Vaughn (verified owner) –
This is a very informative book. My employer offers employee stock options and an employee stock purchase program (ESPP). With this book, I have a much better understanding of how to get the best results from them.
The book also does a great job in explaining the different types of investments, especially with alternatives. There is a look at private equity, commodities and even crypto.
All in all, this book was the right choice!
Evelynn Frank (verified owner) –
Dealing with employee stock options is always challenging. Of course, the documents are written by attorneys. They are not meant for normal people to understand. But this book helps out in a big way. It makes employee stock options understandable (finally!) The author also covers many other topics – some I never even thought about.
If you are in the tech industry and want answers to your financial questions, then this book is the place to start.