Description
In this episode, Christopher Nelson discusses the importance of fee only financial advisors for technology employees. He interviews Max Pashman, who left a larger industrial shop to serve technology employees and sales professionals with equity compensation.
They discuss the benefits of fee only advisors and how they provide great planning services. In the second half of the episode, Nelson highlights five common mistakes that technology employees make with their equity and finances, providing valuable insights to help listeners avoid these pitfalls. Tune in to gain valuable knowledge and make informed financial decisions!
Episode Timeline:
[00:00:47] Financial advisors and mistakes.
[00:06:03] Underserved high earners and wealth building.
[00:08:37] Fee-based vs fee-only model.
[00:14:09] Fee-only financial advisor models.
[00:16:14] Building a comprehensive financial plan.
[00:21:55] The relief of financial stress.
[00:26:23] IPO day and stock excitement.
[00:27:48] The fear of screwing up.
[00:32:23] Concentrated positions and equity.
[00:36:00] Investing questions and timing.
[00:40:02] Organizing equity vesting schedules.
[00:43:37] Risk of single stock investments.
[00:49:01] No emergency plan.
[00:53:41] Importance of emergency funds.
[00:55:18] Financial independence and retirement.
[01:00:29] Shaping financial independence desires.
[01:03:00] Keeping it simple in investing.
[01:07:18] Contacting Max for more information.
Connect with Max Pashman:
https://www.pashmanfinancial.com/
https://www.linkedin.com/in/maxpashman/
https://twitter.com/maxpashman
