We’ve all got to manage our personal finances. Some manage them better than others. In Episode 65 of the GHOGH podcast, host Jamarlin Martin and wealth advisor Tunde Ogunlana discuss best practices for managing credit card debt, maximizing the tax advantages one can leverage with a side hustle, protecting assets and developing a digital estate plan.
Tunde is the CEO of Axial Family Advisors.
Before diving into best practices for managing credit card debt, Jamarlin and Tunde highlight the importance of not falling into the trap of credit card debt if you’re young and haven’t yet had credit card providers approach you. If you’re already in debt, here are key actionable steps you can take to pay your debt off:
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If you have a side hustle in addition to your day job, it’s important to keep up with your taxes not only to avoid trouble with the IRS but to also benefit from tax advantages associated with generating additional income through your side hustle.
Listen to GHOGH with Jamarlin Martin | Episode 65: Tunde Ogunlana
Jamarlin continues his talk with Tunde Ogunlana, the CEO of Axial Family Advisors, a wealth planning firm. They discuss how quantitative easing (money printing) is likely to look different in the next financial crisis in America and some tax benefits with side hustles. They also discuss why estate planning is a selfless act.
Bad things happen. For some of those instances, Jamarlin and Tunde discussed how to protect your assets. They highlighted various tools you can use to protect yourself, including the following:
What happens to all the information you have online when you die? This is another area Jamarlin and Tunde highlighted. Here is a resource from Northern Trust to think through when coming up with a digital estate plan.
You can live the life you want. How you manage your finances will impact what that looks like. With these resources, you’ll position yourself to live life on your terms. Make it happen! Let’s GHOGH.
Kwame Som-Pimpong leverages relentless research, a knack for connecting dots, human-centered design approach, and effective communications strategy to help organizations realize their strategic objectives. Over a 10-year career, Kwame has supercharged grassroots political organizing efforts, assessed the effectiveness of U.S. federal agencies, managed an international program, founded a digital media startup, and advised government agencies on delighting their end-users. He earned a BA in Political Science from Davidson College and Master of Public Administration from the University of Georgia.