The “Do Over” Economy

Key Takeaways

  • The best money habit you can have is to save first and spend second.
  • Today’s freelance “gig” economy gives millions of talented people the opportunity to earn extra money on a flexible schedule that they can control.
  • Today’s gig economy also gives many people a second chance to get their adult money habits right.

Smart Levers

Key Takeaways

  • For important money decisions, always consider the potential for tax deductions, tax-deferment, and a mortgage interest tax deduction.
  • Each of the tax levers above can make a big difference when you start compounding your savings over time.
  • While adding a few hundred dollars extra to your monthly mortgage payment can shorten your loan term and save you thousands of interest in the long run, you should compare that to other tax advantaged options.

MTA, the New MBFA

Key Takeaways

  • Massively Transformative Aggregation is replacing Manual Brute Force Aggregation.
  • Now a great many people, not just a select few at the top, have the ability to change the world.
  • When it comes to wealth and your relationship with your advisors, you may want a transformative experience and the ability to have a life of meaning, value and purpose.

The State of Student Debt

Key Takeaways

  • More than 70 percent of college graduates have outstanding student loans—with an average balance of $37,000—when they graduate.
  • Studies show millennials are far more concerned about paying off student debt and increasing their savings than they are about their retirement.
  • The sooner you can pay off student debt, the sooner you can start your adult financial life and wealth-accumulation years.