3 Big Expenses Impacting Your Ability to Build Wealth, With Lauryn Williams and Chloé Moore
Wednesday, April 28, 2021
3 Big Expenses Impacting Your Ability to Build Wealth, With Lauryn Williams and Chloé Moore
This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny.
In this episode of the series, Lauryn and Chloé talk about the three big money expenses that impact your wealth-building ability. You’ve probably heard when it comes to budgeting “the little expenses add up”, and while that’s true, it’s the big expenses that are killing you. .
In this episode, we discuss:
- What W-2 employees can do to reduce tax liability
- Tax considerations for self-employed individuals
- The difference between tax deductions and tax credits
- Tax considerations of homeownership
- The importance of understanding investments and/or starting a business and how it impacts your tax liability
- How much you should be spending on housing (renting or mortgage)
- Financial considerations for changing jobs or relocating
- How to reduce or eliminate student loan expense
- How to reduce or avoid auto loan debt
- What you need to know about credit card debt
- How your credit score is calculated
- Understanding your cash flow and the impact of these types of expenses
If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media:
Instagram: @worthwinning
Facebook: @worthwinningfp
LinkedIn: @lauryn-williams
Hi, I'm Lauryn
Certified Financial Planner
Welcome to the Worth Listening podcast and blog where we focus on having positive and productive conversations about money.
Interested in being a guest on our show? Email us today at podcast@worth-listening.com. We'd love to hear from you!
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