Max Pashman, CFP®'s Linkedin Analytics

A surefire way to not have peace of mind: Look at your portfolio every single second. You don't: - Look at your home price every day - Look at your business value every day - Look at your other valuable prices every day Having access to your portfolio is a blessing and a curse. On one hand, it's easy to get access whenever you please. On the other, it's easy to make this dwell on your mind. All power to those who can manage investments on their own. But this is an underrated perk of hiring an advisor to help: Peace of mind with having someone to talk to first. Give your portfolio some space. For its sake and your mind.

Wanna make $1 million in a day? Here's how to do it: 1) Get $100 2) Fly to Vegas 3) Go to a roulette table 4) Put everything on black 5) Take the winnings and do this 14 times 6) Don't lose Boom. You're a millionaire. Questions?

Don't have your cash flow laid out? You're asking for failure. Here are 6 areas to know now: 1) Gross Income → This is clearly what you are receiving upfront for the work you put in. → You have the most control in this area via a job, side hustle, or business. → It dictates what you can or cannot do in your lifestyle. 2) Taxes (via income) → More income, more problems. → And taxes are no different here. → Appropriate tax planning via analyzing pre-tax deductions or above-the-line deductions in general. 3) Net Income After the damage is done, what is left over? This is the money number that you can actually work with. When making a new purchase, investment, or long-term commitment, you must choose this number over the gross. 4) Essential Expenses If you lose your income for the next 3 months tomorrow, what expenses do you need to get through the next day? →Gotta stay alive. →Gotta pay rent. →Gotta eat. Whatever fulfills those needs, it's essential in here. Understanding this establishes your floor. 5) Discretionary Expenses → Anything outside of an essential is simply a want or extra. → In many situations, this is where volatile spending comes in and where you can target specific expenses faster. 6) Financial Goals → As the name implies, it's there to help with your financial future. → Whether it's for savings, debt repayment, or investing, this area is used to better improve yourself now and your future. → The larger you can make this number, the more control you are giving to your future self. At the basics, people should know these numbers. It's easier to build when you understand the tools. Know your building blocks better. And create a better future.

Uncalculated risk isn't investing; it's gambling. Here's how asset allocation helps here: What is asset allocation? It's the process of using multiple assets in your investments. On a basic level, it helps with: - How much risk you'd like - What financial preferences do you have - Diversifying for opportunities and exposure But when it comes to your finances? It guides your strategy. It helps identify areas such as: -> Risk tolerance: How much risk an investor is willing to take -> Time horizon: How long the investor needs their money -> Liquidity: How much near-term access do they need -> Financial goals: How are these positioned for goals And when it comes to curating your own? Make sure to match your own profile. Pick up the brush and design yours. 🎨 P.S. If you enjoy money visuals like this, you'll enjoy my money visual newsletter I send out every week! Check it out below in the comments!

What most think a plan is: income, expenses, and saving. What a plan actually contains: - How your goals are made - How your income is taxed - How your expenses are distributed - How it's distributed to your accounts - How you identify your cash flow from it - How the plan is protected from emergencies - How to achieve financial independence - How you are on pace to buy your home - How to manage equity compensation - How you make reasonable purchases - How to create wealth for your kids - How to put your kids into college - How it's set for the short term - How it all comes full circle - And much more There's more to it than simply what goes in and out. It's about HOW you make your hard earned dollars work hard for you. And making sure it stays like that along the way. Get a financial plan that does just that.

This is what a $1 trillion+ credit card debt economy looks like

If you think a financial planner's sole job is to outperform the market, then you don't know what a financial planner does. At least, what a good financial planner SHOULD be doing. They think it's about making returns. But there's so much more here. It's about: - Goal Planning - Debt Repayment - Ongoing Education - Emergency Fund Building - Cash Flow Management - Equity Comp. Planning - Charitable Strategies - Investment Planning - Education Planning - Insurance Planning - Estate Planning - Exit Planning - Tax Planning - Etc. And if your financial planner isn't addressing these properly with you? It may be time to find a new one. And if you love visuals like this, make sure you're subscribed to the money visual newsletter. Check it out: https://lnkd.in/gJC9mTQH

Stop letting your paycheck rot over time. The largest cost you pay isn't visible: When time passes, costs go up. When costs go up, your paycheck is different. Dollar for dollar, nothing has changed. But it's purchasing power does. What's even worse? This is out of your control. You cannot tame inflation. You can't tell businesses to lower their costs. And you can't control what goes on in economics. So are you just doomed to fail over time? Only if you do nothing. Investing is not always about making more. It's about making sure you keep what you earn. By translating those dollars into growing dollars. On the surface, you're paying more out of pocket. And that translates into paying your greatest asset: Your time. When you don't invest, you leave more out of your control. Take the uncontrollable conditions and turn them into controllable results. P.S. If you love visuals like this you’ll love my money visual newsletter this week! Subscribe in the comments below.

Bear markets are where long term wealth is made Bear markets are where long term wealth is made Bear markets are where long term wealth is made Bear markets are where long term wealth is made Bear markets are where long term wealth is made When you invest for the long haul, you accept volatility. Or as Morgan Housel from "Psychology of Money" says: "Volatility is the price of admission" It's not some anomaly that randomly happens. It's actually a pretty normal part of building wealth. You can't expect it to be sunshine and rainbows the whole way. And it's why so many end up making irrational mistakes now. There is data to show how these decisions have cost. One of the most underrated strategies right now? The strength to take action by taking none at all.

Most people don't get the impact of rates. Here's what you need to know about interest rates: These rates are based off my area in LA. (Including estimated property tax and insurance) Don't think it will get any easier with a limited home supply. Sure, you may be able to refinance in the future if rates drop. But you shouldn't always bank on it. In fact, when you are getting a mortgage, you should be going in with the expectation that shouldn't change for at least 5 years. Which means monthly payment needs to be the right one that you can commit for years. Not just simply buying for the sake of owning a home. Renting might not build equity like a home. But it's flexibility cannot be understated. If you are considering real estate, please do me a favor: Run. The. Numbers. First.

Stock market down 20%: "It's too risky to invest my money right now!" Store market items 20% Off: "Shut up and take my money!" The first discount buys you assets that can grow. The second discount buys you stuff that's just stuff. Long-term investors love the opportunity!

Stop playing blind with your money. Here's why you need to level up: The lifestyle you desire won't be handed to you. It's going to require work along the way. And like a video game, stats matter. You need to work on: - Your strategy - Your knowledge - Your wealth All of which work hand in hand with each other to beat enemies like: - Debt - Taxes - Inflation - Budgeting - Emergencies And anything else that goes in your way. But each roadblock is an opportunity to grow. You won't be able to tackle the boss immediately. So you need to level up along the way. Prepare yourself for battle!

You gotta stop caving to recency bias. It's a pretty simple concept: You make decisions purely on what happens now versus what the data has shown historically. As a result? When new events happen, you're tempted to change course immediately as a result. And doing so can cause you to make decisions that contradict what you committed to. For example: - You make new investment decisions based on what happened the last week versus the last decade - You judge a teams performance based recent lost game than their record overall - You judge a product based on the most recent bad review despite it having mostly good reviews Now to be clear, this doesn't mean it's never true. But blatantly disregarding historical fact? It can be a recipe for bad mistakes. When it comes to investing, don't make that mistake. When you have a long-term plan, stick to it long-term. Don't make short-term impulses on them.

LinkedIn is a funny place. If you talk about your business, it underperforms. But if you talk about LinkedIn, it blows up. I then realized it's something more. It's not that LinkedIn posts do well. It's the fact, EVERYONE on here shares the same thing: - They are on LinkedIn - They are viewing a post on LinkedIn - The post is talking about the platform they are using It's the one thing all your readers on here share in common. Which is actually the bigger message here. Why your LinkedIn content does well? Your audience understands it well. Apply this logic to other content. Ok there's my $997 LinkedIn course for free have a nice Sunday!

A jet flight from Atlanta to Vegas is $126,000. T-Pain has a net worth of $10 million. But I don’t blame him for this decision to fly commercial. This means this Jet flight would be 1.26% of his total net worth. I saw this and laughed but also thought it was a great message here. Just because you have the money, doesn’t mean you need to spend it all. Especially on things that don’t really align with you. Work hard. Play hard. But be responsible with what you earn! PS: Why are those Biscoff cookies so good? 🔥

Tax day may be one day, but tax planning is 365 days a year. Here's all the areas you gotta be looking out for: - RMD Planning - Tax Loss Harvesting - Tax Bracket Management - Roth Conversion Planning - Asset Location Strategy - Medicare IRMAA Planning - Filing Status Optimization - Social Security Tax Planning - QBI Deduction Optimization - Retirement Contribution Planning - Backdoor Roth IRA Strategies - Equity Compensation Planning - Capital Gains Realization Planning - Charitable Giving Optimization - Tax Entity Selection & Structuring - Estimated Tax Payment Projections - Multi-Year Tax Projection Modeling - Tax Planning Summary Reports All of which should be done in tandem with the tax advice from your CPA. If your advisor is spending more time trying to sell you on insurance and high fee funds while overlooking this, it's time to talk to a new financial planner.

Am I the only one who still politely says "please" and "thank you" to Chat GPT so they are nice to me when they take over the world?

Most have no clue what a write-off does. Here's a quick breakdown of what it is: A write-off is merely a deduction. So use the example: → You get a $20,000 expense to write off → If your income starts at $200,000? → It gets lowered to $180,000 → So what does that mean? Here's what it does not mean: IT DOES NOT MEAN $20,000 LESS TAXES. A deduction does one thing: Reduces income taxable. In this case, a single person in 2025: (Using only federal taxes in this example) → The entire $20,000 is in the 32% bracket → The amount taxed? $6,400 federal → So with the taxes saved? → You netted - $13,600 So yes, you saved more in taxes. But you still spent money in the end. It's not a dollar-for-dollar save. It's a reduction in income taxed. Big difference!

I just scrolled through 100 posts today. 50 of them are talking about LinkedIn. We need more creative topics on here. Who are some good people to follow who don't talk about LinkedIn?

For $425,000 you could buy a home or use the same money to buy the F*** Your Money bottle service package at Ultra Music Festival. Tough decisions. Which would you choose?