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.
Financial Tools for College Students, Quarterly Taxes, Real Estate, and Crypto Strategies
In episode 60 of Financial Conditioning, Simon Karmarkar introduces financial tools for college students, covering budgeting, income management, and expense tracking. He explains zero-based budgeting and the importance of discipline in balancing budgets. Simon also discusses quarterly taxes for the self-employed, payment methods, and Form 1040-ES. He explores choosing the right real estate agent, technology's role in real estate, and commission negotiation. The episode also covers smart cryptocurrency investment strategies, aligning investments with risk tolerance, and understanding crypto taxes, concluding with future financial steps.
Key Points
- Creating and sticking to a college budget starts with writing down all sources of income and tracking every expense, using tools like the EveryDollar app for ease and accuracy.
- Self-employed individuals should consider making quarterly estimated tax payments to avoid penalties, using Form 1040-ES to calculate and submit payments on time.
- Balancing the allocation of cryptocurrency in your investment portfolio requires assessing your risk tolerance, investment goals, and potential tax implications, with a possible need to rebalance if the crypto share grows disproportionately.
Chapters
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| 1:13 | |
| 3:40 | |
| 4:22 | |
| 5:18 | |
| 7:08 | |
| 9:26 | |
| 10:45 | |
| 11:21 | |
| 13:13 | |
| 14:30 | |
| 16:10 | |
| 16:29 | |
| 17:40 | |
| 19:04 | |
| 19:22 |
Transcript
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