CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore are continuing the “Know Better, Do Better” series born from the countless conversations they have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny. In this episode of the series, Lauryn and Chloé are moving onto part two of a three-part series on equity compensation. Chloe specializes in working with individuals in the tech industry and those who receive equity compensation. There are a few common mistakes she sees people make so she is sharing tips to help you know better so you can do better.  In part two of this series, Lauryn and Chloé talk about stock options including ISOs (incentive stock option) and NQSOs (nonqualified stock option). The difference between the two is how they are treated from a tax standpoint. In this episode, Lauryn and Chloé share: An overview of what equity compensation including what is a stock option What a stock option is and how the process works The difference between RSUs and stock options including the additional risk involved The importance of understanding the ramifications of all the decisions you need to make with stock options Why you need to think about when to buy shares and if you really even want to The consequences of buying or selling at the wrong time What a cashless exercise is and when you want to do it Why you should work with a financial planner and tax professional if you have stock options The tax liabilities involved and why you don’t want to forget about them The considerations you should be making when buying shares of a private company The importance of keeping your financial goals in mind  If you want to further connect with Lauryn Williams: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore: Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore RESOURCES MENTIONED: Worth Listening Podcast Episode 122: Equity Compensation Part 1 Understanding RSUs Salary negotiation strategies everyone in tech already knows — but you don’t Coming up next The next episode of the Know Better. Do Better series, is Equity Compensation Part 3 Employee Stock Purchase Plans (ESPP)

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Equity Compensation Part 2: Understanding ISOs and NQSOs, with Lauryn Williams and Chloé Moore

CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore are back for another “Know Better, Do Better” series born from the countless conversations they have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny. In this episode of the series, Lauryn and Chloé begin a three-part series on types of equity compensation, more commonly called “stock options”. Chloe specializes in working with individuals in the tech industry and those who receive equity compensation. There are a few common mistakes she sees people make so she is sharing tips to help you know better so you can do better.  In part one of this series, Lauryn and Chloé dive into RSUs (Restricted stock units). They talk about: What RSUs are and the types of jobs that offer them as equity compensation How you receive RSUs from a company The importance of understanding the terms and restrictions that may apply The tax requirements you need to know about if you receive RSUs The difference between RSUs from a public vs private company Two questions to ask yourself when deciding if you should hold onto or sell the vested stock The common mistakes people make when receiving RSUs and how to avoid making them yourself If you want to further connect with Lauryn Williams: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore: Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore RESOURCES MENTIONED: Salary negotiation strategies everyone in tech already knows — but you don’t How RSUs Can Help You Reach Your Financial Goals Worth Listening Episode 114: "Know Better, Do Better" Investing Part 2 Types of Investment Accounts Worth Listening Episode 107 ”Know Better. Do Better. Series” Planning for a Financial Windfall Coming up next The next episode of the Know Better. Do Better series, is Equity Compensation Part 2 covering the stock options.

Know Better, Do Better Series: Types of Equity Compensation Part 1: RSU, With Lauryn Williams and Chloé Moore

Today podcast host, financial coach and Certified Financial Planner Lauryn Williams deep dives into talking about financial literacy and the distractions that stop people from taking control of their finances the right way.  While society tends to think that financial literacy is only a problem for low-income earners, it’s not true. Financial distractions get in the way of financial literacy for people on all ends of the earnings spectrum. If you’re not reaching your financial goals and aren’t on the path to get there, this is the episode for you! In this episode, Lauryn talks about: How financial distractions get in the way of financial literacy The importance of being able to admit what you don’t know about finances The importance of understanding what your financial goals are to identify financial distractions when they come along Common examples of financial distractions that negatively impact financial literacy Why you need to know the difference between the “right thing to do” and the “right thing for you to do” Accidental success vs intentional success The negative impact that skepticism can have on finances How distraction impacts people on both sides of the earning spectrum Why you need to get your financial basics in place before The importance of watching out for those that are trying to hold you back If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams Welcome to Wealth Interested in learning more about the Welcome to Wealth retreats or online program? Welcome to Wealth financial retreat coming to Atlanta in October 2021 Welcome to Wealth: 12-week personal finance program 

Financial Literacy and Financial Distractions, With Lauryn Williams

Today podcast host, financial coach and Certified Financial Planner Lauryn Williams dives into talking about financial conversations. But not just any financial conversations, she’s sharing how to answer the awkward or scary money questions people ask you. Many people were brought up with the belief that you shouldn’t talk about money with others. Lauryn will help you overcome this belief while learning ways to answer the money questions people ask in a way that leads to productive conversations.  In this episode, Lauryn shares how to answer the following money questions: What is your credit score? How can you afford that? How much debt do you have? Can I borrow some money? Or, can you give me some money? How much did you pay for that? How much money do you have? If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you’re interested in learning more about attending a Welcome to Wealth financial retreat hosted by Lauryn Williams, learn more here: Welcome to Wealth retreats Resources: How to Talk About Money with Other People: Overcoming the Awkwardness How to Have Financial Conversations that Aren't Awkward 

How to Answer Scary Money Questions, With Lauryn Williams

This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny. In this episode, Chloé and Lauryn talk with three other CERTIFIED FINANCIAL PLANNERs™  to share tips on how to help women of color get ahead financially. As minority women in the financial industry, they all have experience working with other women of color and see the trends and common challenges that they face. Guests include: Rianka Dorsainvil, CFP® and co-CEO of  2050 Wealth Partners. Rianka serves as a member of CNBC's Digital Financial Advisor Council and CFP Board’s Diversity Advisory Group, is a Forbes Personal Finance Contributor, and has been recognized for her accomplishments and leadership within the industry by leading publications and organizations.  Anjali Jariwala, CPA and CFP®, is the founder of FIT Advisors - a financial planning firm serving physicians and business owners virtually across the US. Prior to launching her own firm, Anjali spent over 6 years working with Fortune 500 clients at a top 4 accounting firm, PricewaterhouseCoopers, and 2 years with a large, prestigious financial planning firm serving high net worth individuals.  Angela Moore, CFP®:  Founder of Modern Money Education.  She is a passionate, outspoken financial literacy activist and has over 15 years of experience in the financial industry. Angela has served as an Executive Board Member of the Financial Planning Association of Miami and is a member of the XY Planning Network and the National Association of Personal Financial Advisors. Angela was honored by Brickell Magazine as one of Miami’s Top 20 Professionals Under 40 in 2018 and by Business Insider as one of the top financial advisors for millennials.  In this episode they share: Considerations for women that are the breadwinner of the family.  Tips for handling finances in your relationship Why you need to focus on cashflow The importance of understanding how your past, family history, culture, and other elements can impact the way you think and feel about money Why you need to develop a financial plan that resonates with you  How you can continue to offer financial support to family members without breaking your budget (and why you may need to include this line in your financial plan) Scarcity vs abundance mindset Considerations for women of color in corporate settings The importance of estate planning   Shared quote: “If I didn't define myself for myself, I would be crunched into other people's fantasies for me and eaten alive.” - Audre Lorde   If you want to further connect with Lauryn Williams: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams   If you want to further connect with Chloe Moore: Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore   If you want to further connect with Rianka Dorsainvil: Instagram: @rianka_d Twitter: @Rianka_D Facebook: @RiankaDorsainvil LinkedIn: @riankad https://www.2050wealthpartners.com/ If you want to further connect with Anjali Jariwala: Instagram: @anjalifit Twitter: @AnjaliFIT Facebook: @FITadvisors LinkedIn: @fit-advisors https://fitadvisors.com/ If you want to further connect with Angela Moore: Instagram: @modernmoneyadvisor Twitter: @ModernMoney305 Facebook: @modernmoneyadvisor LinkedIn: @angelamooremma https://www.modernmoneyadvisor.com/ 

Helping Women of Color Get Ahead Financially with Rianka Dorsainvil, Anjali Jariwala and Angela Moore

This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny. In this episode, Chloé and Lauryn are talking about life insurance. This is one of those financial conversations that a lot of young professionals don’t think they need to have. But you don’t get life insurance because you’re going to die, you get it because your loved ones are going to live. And even if you aren’t married and don’t have kids, Chloé and Lauryn are going to share with you some important things you need to think about when it comes to life insurance. In this episode Lauryn and Chloé cover: The real purpose of life insurance How much life insurance you really need What things in your life impact the amount of life insurance coverage you need Why there isn’t a one-size-fits-all number everyone needs to be covered for How term life insurance works How whole life insurance works and why it’s not the best choice for everyone What you need to know before borrowing against your whole life insurance When it makes sense for single individuals with no dependents  to buy life insurance What you need to know about group life insurance from your employer Where to find individuals policies for life insurance What options exist for individuals that are unable to qualify for individual life insurance due to their health history The benefits of a convertible term policy The importance of finding an insurance agent with integrity Understand how your insurance agent is getting paid and what they’re getting paid The importance of understanding what can cause your policy to lapse and why you should reevaluate it each year Shared quote: “Always plan ahead. It was not raining when Noah built the ark.” - Richard Cushing  RESOURCES: Episode 116 "Know Better, Do Better": Estate Planning with Guest Shalini Codispoti 7 scenarios where a single person might need life insurance Life Insurance Needs Calculator How Much Life Insurance Do I Need? If you want to further connect with Lauryn Williams: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore: Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore 

What You Need to Know About Life Insurance With Lauryn Williams and Chloé Moore

This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny. This week Lauryn and Chloé invite fellow CERTIFIED FINANCIAL PLANNER™ and author, Nannette Kamien, to the podcast to talk about planning for college and repaying student loans.  Nannette is a financial planner at Cultivating Wealth. She previously owned her own firm and wrote the book Crazy College Money. She enjoys educating families about how to make smart financial decisions to pay for college. In addition to working with clients through her financial planning firm, Worth Winning, Lauryn is a Certified Student Loan Professional (CSLP) working with Student Loan Planner to help student loan borrowers navigate their repayment options. In this episode, Chloé interviews Lauryn and Nannette to find out what parents and students need to know about planning for college and repaying student loans. There are a lot of misconceptions out there around student loans and burying your head in the sand isn’t going to help. In part this episode Lauryn, Chloé, and Nannette talk about: Balancing saving for your children’s education while paying off your own student loans and saving for retirement Types of accounts to use for college savings When to start having conversations about paying for college with your kids and what you should share with them The importance of educating yourself on the student loan process and financing options before your child is enrolled in college (Spoiler alert: It’s not the same as when you were in college.) Common mistakes made in college planning How the financial aid system is broken and why you can’t bury your head in the sand instead of planning for it The types of student loans available and the pros and cons of the different options Student loan forgiveness  How income driven repayment plans work and what you need to know about the options including planning on paying taxes on the amount that’s forgiven Consolidating vs refinancing your student loans What you should consider if you want to go to grad school Parent+ loans RESOURCES: Student Loan Planner website: https://www.studentloanplanner.com/ Schedule your free introductory phone call with Nannette: https://cultivatingwealth.com/contact/ Worth Listening Podcast Episode #31: Don’t Be Overcome by Your Student Loan Debt with Travis Hornsby Worth Listening Podcast Episode # 58: College, Finances & Student Loans  Worth Listening Podcast Episode # 115: Renting vs Homeownership If you want to further connect with Lauryn Williams: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore: Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore Shared quote: “It's not burn baby burn, but learn, baby, learn, so that you can earn, baby, earn.” -Dr. Martin Luther King, Jr.

College and Student Loan Planning with Guest Nannette Kamien, With Lauryn Williams and Chloé Moore

This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny. This week Lauryn and Chloé are talking all things estate planning with guest Shalini Codispoti of Codispoti Law P.C. Shalini is an estate planning attorney licensed in the state of Texas and the Republic of Trinidad and Tobago. She’s also a wife and most importantly a mom. With that she gained an awareness that everything we do is for the ones we love. She views estate planning as the ultimate act of love. Shalini helps her clients ensure that their loved ones stay out of court and out of conflict in the event of their passing or incapacity. Lauryn and Chloé find that a lot of their clients don’t feel that they need estate planning because they’re too young, aren’t married, don’t have kids, or aren’t rich. But Shalini shares why estate planning is for EVERYONE. In this episode Lauryn, Chloé, and Shalini talk about: What estate planning is Why EVERYONE needs estate planning (Even if your’e young. Even if you’re single. Even if you don’t have kids. Even if you’re not a millionaire.) The estate planning documents you need to have in place Why you need to make some important decisions now instead of waiting The importance of having the right people in place to handle your finances if something happens to you Things to think about when choosing who to handle your medical or financial affairs What you need to know if you’re in a long-term relationship and living together but not “married” What you need to know about prenuptial agreements (Spoiler Alert - It’s not just for rich people.) How a trust helps keep your finances from being tied up in probate and the importance of funding the trust The importance of how your financial accounts are titled Estate planning recommendations for real estate investors (Another Spoiler Alert: Rental properties should not be held in your individual name.) Estate planning advice for digital nomads Documents that every parent needs to have What digital assets are and how to plan for them Why there is no one-size-fits-all estate plan for everyone Where you can go to find out if you have any unclaimed property The fact that you don’t know what you don’t know, so you need to work with an estate planning attorney If you want to further connect with Shalini Codispoti: Facebook: @codispotilawpc Email: clientservices@codispoti-law.com If you want to further connect with Lauryn Williams: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore: Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore Shared quote: “Estate planning is more than just your wealth. It’s the legacy that you leave behind. It’s about your story… and your story matters.” RESOURCES: Find out if you have Unclaimed Property: https://unclaimed.org/search/ Shalini’s blog: https://www.codispoti-law.com/soap-box/ 

Estate Planning with Guest Shalini Codispoti, With Lauryn Williams and Chloé Moore

This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny. This week Lauryn and Chloé are wrapping up the Investments for Beginners series by talking about the super trendy topic of real estate investing. HGTV shows make it look really easy to make quick money by investing in real estate, but things aren’t always as they seem.   Lauryn and Chloé are going to cover some of the things that don’t get mentioned on these types of shows. While they’re not against investing in real estate, they share several important considerations that need to be made if you’re thinking about purchasing an investment property. In part three of this series, Lauryn and Chloé talk about: How owning real estate is just like running a business The importance of understanding your “why” before you invest in real estate (spoiler alert: “because it sounds like an easy way to make money” isn’t a good reason) The importance of understanding the ongoing costs of owning an investment property The potential issues that tenants can cause All the different hats you have to wear as a real estate investor (property manager, bookkeeping, etc) Why you need to run the numbers to see if the numbers actually work Deciding what type of real estate investment property you want to own House hacking Why you need to look at the Return on Investment (ROI) How it can help to talk to other investors first and ask questions about the financial side The liabilities involved in owning investment property and the insurance that you need to have (and the insurance your renter needs to have) Why you should talk to an attorney about the right legal structure for you The importance of estate planning if you own investment property If you want to further connect with Lauryn Williams: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore: Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore Shared quote: "Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world." -Franklin D. Roosevelt RESOURCES MENTIONED: Worth Listening Podcast Episode 113: Investment Series Part 1 - Understanding the Basics Worth Listening Podcast Episode 114: Investment Series Part 2 - Types of Investment Accoubts Worth Listening Episode 96: Real Estate Investing is a Get Rich Slow Strategy with Sunitha Rao Worth Listening Episode 95: Building Wealth Through Real Estate Investing with Justine Chan Worth Listening Episode 94: Episode 94: House Hacking & Real Estate Investing, with Andrew Kerr Some landlords sell properties as CDC extends eviction ban How to Vet an Investment Property: Cap Rates, Cash-on-Cash Returns and More Coming up next The next episode of the Know Better. Do Better series is all about estate planning with Shalini Codispoti.

Investment Sereis Part 3: Real Estate Investing, with Lauryn Williams and Chloé Moore

This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny. In this episode of the series, Lauryn and Chloé continue the Investments for Beginners series by explaining the different types of investment accounts. A lot of people end up following the investment trends which can cause them to miss some important steps in preparing for their financial future.  They explain with detail some of the main types of investment accounts and how to know which one you should be investing in. If you’re new to investing or have been investing and aren’t sure you really know what you’re doing, this is a great place to start.  In part two of this series, Lauryn and Chloé talk about: The three major categories of investment accounts The importance of understanding how you’ll be taxed to avoid a potential nightmare at tax time The difference between taxable, tax deferred, and tax free  Understanding the pros and cons of pre tax vs post tax investments Why you want to have a diverse portfolio The importance of understanding the right way to do rollovers How to prioritize between savings, paying off debt, and investing What percentage of your income you should be saving  The importance of determining what makes the most sense for you instead of following along with everyone else Getting rich slowly If you want to further connect with Lauryn Williams: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore: Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore Shared quote: "If you can’t manage $1,000, you can’t manage $10,000. Financial literacy is not a side effect of wealth. Wealth is a side effect of financial literacy.”  RESOURCES MENTIONED: How to Prioritize Saving, Investing, and Paying Off Debt Your Guide to Open Enrollment – Part One Coming up next The next episode of the Know Better. Do Better series, is Investing Part 3 covering the ins and outs of rental properties. 

Investment Part 2: Types of Investment Accounts, With Lauryn Williams and Chloé Moore

This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny. In this episode of the series, Lauryn and Chloé begin a three-part series on investing. It’s easy to think that you need to start investing without really understanding what it is, how it will help you, or the best strategies to make your money work for you. But when it comes to investing your money, you don’t want to just follow what’s trendy at the moment. It’s important to understand investing, what your goals are and how to make it work for you. In part one of this series, Lauryn and Chloé help you understand the basics of investing. They talk about: Why investing is important How investing makes your money work for you Why you need to cover your financial basics first The Importance of understanding the risks Tips for diversifying your investments Public investments vs private investments Alternative investments - what they are and what you should know about them Why you need to understand your investments and not just follow the trends If you want to further connect with Lauryn Williams: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore: Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore Shared quote: "Don't look for the needle in the haystack. Just buy the haystack!" — John Bogle RESOURCES MENTIONED: Should You Invest in Stocks or Mutual Funds? What Are Robo-Advisors? Coming up next The next episode of the Know Better. Do Better series, is Investing Part 2 covering the different types of investment accounts and strategies.

Investment Part 1: Understanding the Basics, With Lauryn Williams and Chloé Moore

This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny. In this episode of the series, Lauryn and Chloé talk about the first generation wealth builders tax, sometimes referred to as the “black tax”. When you’re the first person to achieve financial stability and build wealth within your circle of family and friends, there’s a good chance there are people in your life that will want financial help from you.  Statistics show the racial wealth gap already makes it harder for POC to achieve financial success which means supporting friends and family only adds to the problem. This is where the term “black tax” comes from. However, the lessons shared by Lauryn and Chloe can help any first-generation wealth builder. In this episode, Lauryn and Chloé talk about: The importance of establishing priorities to help you get on track before helping everyone else Why you need both short term and long term financial goals A few strategies you can use to create priorities and systems for who you decide to help and how much you’re able to help them with (and the importance of having these in place for yourself before you need to use them) How to better understand your cash flow Why you need to look back to see how you’ve helped people in the past (Hint Hint - Those little amounts can really add up) Things you can do to help friends and family learn to help themselves Why you need to avoid making “loans” to family and friends How to prepare for the future financial obligations of caring for aging parents Why you need to prioritize yourself first in order to have a greater impact long-term If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore: Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore Shared quote: “If you want to have enough to give others, you will need to take care of yourself first. A tree that refuses water and sunlight for itself can’t bear fruit for others.” ― Emily Maroutian RESOURCES MENTIONED: Balancing the “Black Tax” with Your Desire to Build Wealth Here’s what the “Black tax” does to so many families - including mine The Black Tax: The Cost of Being Black in America Coming up next In the next episode of the Know Better. Do Better series, we’re going to talk about begin a 3 part series on Investing.

First Generation Wealth Builders Tax, With Lauryn Williams and Chloé Moore

This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny. In this episode of the series, Lauryn and Chloé talk about the three big money expenses that impact your wealth-building ability. You’ve probably heard when it comes to budgeting “the little expenses add up”, and while that’s true, it’s the big expenses that are killing you.  In this episode, Lauryn and Chloé talk about: What W-2 employees can do to reduce tax liability Tax considerations for self-employed individuals The difference between tax deductions and tax credits Tax considerations of homeownership The importance of understanding investments and/or starting a business and how it impacts your tax liability How much you should be spending on housing (renting or mortgage) Financial considerations for changing jobs or relocating How to reduce or eliminate student loan expense How to reduce or avoid auto loan debt What you need to know about credit card debt How your credit score is calculated Understanding your cash flow and the impact of these types of expenses If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore: Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore Shared quote: “Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend.” – Thomas Stanley  RESOURCES MENTIONED: Wealth-Building for the Wealthy Through the Tax Code Continues as Families of Color Fall Further Behind Substantial Income of Wealthy Households Escapes Annual Taxation Or Enjoys Special Tax Breaks I'm a financial planner, and I think most people are better off skipping a Roth 401(k) Episode 105 - "Know Better, Do Better" Series: Renting vs Homeownership A Comprehensive Guide for First-Time Home Buyers What Tax Credits Can I Qualify For This Year? A Guide Coming up next: In the next episode of the Know Better. Do Better series, we’re going to talk about the First Generation Wealth Builders Tax (AKA financially helping family and friends).

3 Big Expenses Impacting Your Ability to Build Wealth, With Lauryn Williams and Chloé Moore

This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny. In this episode of the series, Lauryn and Chloé talk with guest Dr. Sarah Fallaw about the financial behaviors that are important for wealth building. Sarah is the co-author of The Next Millionaire Next Door and founder of DataPoints LLC, a behavioral assessment advisor fintech company. The company created an assessment of wealth-building potential based on The Millionaire Next Door.  If you’re ready to learn how to build wealth and what behaviors you can learn and what habits to adopt in order to make it happen, this is the episode for you! In this episode, Lauryn, Chloé, and Sarah discuss:: The difference between income and net worth Some of the myths about millionaires and what they really do instead The myths or misconceptions people have about building wealth The dangers of watching what others are doing and buying  Six behaviors that predict financial success Why it’s important to understand what your financial planner is doing The importance of believing in your ability to build wealth What to watch out for so you won’t be influenced in your spending decisions Impact of those around us on our financial behaviors and decisions To further connect with Dr. Sarah Fallaw: Twitter: @sarahfallaw LinkedIn: @sarahfallaw https://www.datapoints.com/ The Next Millionaire Next Door If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore: Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore Shared quote: “Money should never change one’s values…. Making money is only a report card. It’s a way to tell how you’re doing.” - Thomas Stanley RESOURCES MENTIONED: Millionaire Next Door https://www.financialstaples.com/this-book-changed-how-i-think-about-money/ Emotion and Intention In Saving Money https://bigthink.com/personal-growth/psychology-saving-money-tracy-thomas?rebelltitem=1#rebelltitem1 How Marketing Influences Our Spending https://www.psychologytoday.com/us/blog/the-science-behind-behavior/201902/how-marketers-influence-how-much-we-spend-big-purchases Wealth Potential Assessment (shorter version of DataPoints assessment I use with clients) https://measure.datapoints.com/survey/e/DLHHyamFf0ZGySdIhLfd  Spending Patterns Assessment  https://measure.datapoints.com/survey/e/pDbfyvDHqwABMRHty21H  Robert Caldini’s book https://www.influenceatwork.com/ Coming up next: In the next episode of the Know Better. Do Better series, we’ll dig more into how your spending habits impact your ability to build wealth.

Building Wealth & Financial Behaviors, With Dr. Sarah Fallaw

This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny. In this episode of the series, Lauryn and Chloé talk with guest panelists Personal Risk Advisor Meaghan Dowd, CPRIA and Private Risk Advisor, LaTanya Simmons, CPCU, CPRIA about the ins and outs of Property and Casualty insurance. A lot of people tune out when they hear the word “insurance”, thinking it’s either a boring topic or just going to cost them money. But insurance can actually be a pretty cool thing to help you build and protect wealth. It’s important to understand what types of insurance you need to properly cover all the different areas of your life and finances. In this episode, the panelists talk about: What P&C insurance (property and casualty insurance) is and what it covers Why insurance coverage isn’t one-size-fits-all Best insurance coverage for the gig and rental economy (Airbnb, Uber, Turo, etc) The biggest misconception with auto insurance Can you really use your credit card insurance instead of insurance offered through rental car companies? When is the right time to add your significant other to your insurance policies? How to know if you need insurance and how to be eligible for it What you need to know about personal articles coverage Why it’s helpful to work with a traditional insurance company instead of an online solution and how to know when it’s time to move to high-end providers Insurance considerations for entrepreneurs working from home as well as individuals who hire nannies, landscapers, housekeepers and other service providers If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore: Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore Shared quote: “Remember; when disaster strikes, the time to prepare has passed.” – Steve Cyros RESOURCES MENTIONED: Homeowners Coverage in the Age of Catastrophic Weather Patterns

The Ins and Outs of Property & Casualty Insurance, With Latanya Simmons & Meghan Dowd

Certified Financial Planner and four-time Olympian Lauryn Williams leads in-depth conversations with guests, having them share what she calls their "money memoirs" to offer insights into how money works in their sport or profession, as well as sharing important lessons they've learned along the way. Worth-Winning.com.

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