Do you earn bonuses, commissions, grants of equity comp, or other types of variable income? Then you better know not just how to manage it, but also how to optimize these lump sum cash inflows to help you achieve your goals and grow your wealth. In this episode, we'll explain how to do it. Join us as we discuss: What counts as "variable income," or what lump sums of money you may receive over time The number-one thing to do if you receive a lump sum of cash, from any source Two main methods to manage cash flow for solid but unpredictable income streams The mistakes to avoid when you receive a ..read more

38: You've likely at least heard of Robert Frost's famous poem, The Road Not Taken... and you might be just as likely to misinterpret it. In today's episode, we take a look at the REAL meaning behind one of the best-known pieces of poetry in American history — and explain 3 ways in which it can help us better understand how we look about and think through our personal finances and money management.  It might sound crazy, but jump into this convo with us to learn why Frost's original meaning got lost and what in the heck any of this has to do with how you deal with and make decisions on yo ..read more

36: There's a lot of fear and uncertainty in the air right now — which means, if you're following Warren Buffett's advice, it's a good time to get greedy in the stock market. In this episode of the show, we discuss the opportunity you might want to capitalize on and at the very least, why you should NOT stop making your regular contributions to the market. Most importantly, we also lay out our argument for why feeling optimistic about the future makes sense for long-term investors. Join us to get some perspective to remember that "right now" does not mean "forever" hear plenty of reasons to fe ..read more

33: When it comes to making financial decisions, most of us want to get things exactly RIGHT. It's your money, after all, and you probably don't want to screw it up! But aiming for perfection can actually hamstring your progress—and even lead you AWAY from the best financial choices for your goals and the life you would most enjoy experiencing. In this episode, we talk through what's truly important to understand if you want to improve the quality of the financial decisions you make every day and for the long term. Find full show notes at www.BeyondYourHammock.com/33 ..read more

30: The most common thing that stops people from achieving their highest financial potential? Themselves. "Learned helplessness" is a phenomenon that can stop you from making the progress you're capable of, and it happens when you experience struggle or suffering that you feel is out of your control — and if you practice this subconscious habit, it can prevent you from seeing, and acting on, what you can control to make your financial situation better. We all face hard times and difficult choices in our lives. What often makes the difference between someone who pushes through and carries on to ..read more

26: An HSA is one of our favorite tools for growing wealth — but the problem is, most people have no idea how beneficial they are OR how to leverage them for maximum financial advantage. We're changing that with this episode of the show, and explaining everything you need to know about HSAs, why they're so powerful, how they can help you pay less in taxes, and what you need to do to turn this little account into a giant financial advantage ..read more

22: Life can get complicated when you hit 30. You might be in the middle of countless transitions, like moving up in your career, starting a business, buying a home, getting married, growing your family — and a whole lot more. And oh yeah, now is the PRIME TIME to get your finances right if you want to create and build your own wealth. No pressure. To help you stay successful and maybe even get rich, we're sharing key principles you NEED to know to make the best moves with your money (while stressing less about it ..read more

19: You don’t have to be born into money to have money now. Today, we lay out a few different paths to explore if you want to become a self-made millionaire. We cover: -- Becoming a high-income earner with a company or employer -- Starting a business or freelancing -- The importance of investing (and multiple ways to do it). We’ll tell you which path we’re on, discuss the pros/cons of each, and provide some insight on how you can make more money now. Full show notes at www.beyondyourhammock.com/19 ..read more

As financial planners, we spend every day working to build foolproof financial plans. A foolproof financial plan is one that you can stick to, that you can execute, consistently over time - even through challenging times or unexpected setbacks.  In this episode of the podcast, we're discussing 7 key aspects that we look at when trying to create plans that can withstand the wear and tear (and unpredictability) of everyday life: Constructing a baseline plan with high likelihood of success Identifying actions you can take consistently over time (in almost any circumstance) Choosing assumpti ..read more

15: Most people make short-term and limited decisions without considering how these choices impact things to the right when you’re only looking left. Here’s how to solve that problem If we could compare life to walking through a forest, we could say that you pass a lot of trees along the way. And most people tend to obsess over the nearest tree. It’s just human nature: you focus on the tree nearest to you and you lose sigh of that entire forest that is your life. In this episode of the podcast, we explore how proper planning, deliberation, and insight allows you to step back, see mor ..read more