Financial Conditioning
Simon Karmarkar delves into inspiring stories and advice on achieving financial freedom. Get actionable tips, motivational stories, and insightful discussions that will empower you to take control of your financial future and get financially conditioned.
Maximizing Excess Investment Returns, Tax Credits for Students, and Home Valuation Insights
In episode 61 of Financial Conditioning, Simon Karmarkar provides an introduction and overview before diving into the topic of celebrating and utilizing excess investment returns. He offers guidelines on how to spend these returns wisely, emphasizing the importance of understanding the power of compounding in investments. Simon also covers tax credits available for college students, specifically the American Opportunity Tax Credit (AOTC) and Lifetime Learning Credit, providing insights on eligibility and benefits. The episode concludes with a discussion on determining your home's value, offering practical advice for homeowners looking to assess their property accurately.
Key Points
- Recognizing and enjoying your excess investment returns can psychologically balance the pain of losses and the joy of gains.
- Calculating and treating yourself with a portion of your excess returns can be a meaningful way to reward your delayed gratification without jeopardizing your portfolio's growth.
- Spending a small percentage of your excess returns helps you enjoy your financial achievements while preserving a buffer for inevitable market downturns.
Chapters
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Transcript
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