The Mind Money Spectrum Podcast

Is AI going to replace Aaron and Trishul?In this episode, Aaron and Trishul discuss the implication of ChatGPT on their (and other) careers. It will likely replace the knowledge they have gained through the CFP program and can answer most client questions directly. Just like a student can outsource a test and a CPA can outsource data entry. The future value may not come from their knowledge but from the ability to help clients who don't know what they don't know. In asking better questions, both about their lives and specific topics, the ability to help guide along the way to make better decisions will be how advisors [and doctors] thrive in the future.Episode ReferencesAI CopywriterAI VideoAI LawyerAI BlogsArthur C Clarke's QuoteChatGPT on Final ExamsChatGPT passes Wharton ExamAI Robot LawyerADA Health AI ToolChatGPT will change automation jobsAI Lawyer in actionAI PodcastChatGPT adoption ratesAaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Trishul and Aaron get philosophical as they consider artificial intelligence.In this episode, Aaron and Trishul planned on discussing ChatGPT. But when they go through the history of machine learning, Trishul wonders if a modern AI can pass the Turing Test, and they go down a rabbit hole of the difference between humans and machines. They ponder the question of whether a human's mind/soul has free will or whether the human brain is the result of biology and external inputs.Episode ReferencesBot Writes a Hallmark Christmas MovieChatGPTDeep Blue vs Gary KasparovAlphaGoAlphaFoldFree WillBlog on ChatGBTAaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Creating a routine to fill the unstructured time off.In this episode, Trishul and Aaron discuss what they are going to do with their unstructured time off around the holidays. Aaron is particularly concerned with limiting screen time for his three kids. Trishul shares some of the activities he and his family did during his sabbatical and during Covid and how you can create a routine when you have time to do whatever you want.Episode ReferencesAll TrailsThousand TrailsYear-End Financial Planning ChecklistVideo Games Versus TVSocial Media Versus Mental HealthAaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Safe withdrawal rates, fulfillment, and economic impact of an aging population.In this episode, Aaron and Trishul explore the question "What if we live forever?" They touch on the science of aging, the economic impact of an aging population, like Japan, and the ramifications on the workforce. While it may seem that supporting a long retirement may require a larger nest egg, it's possible the next generation chooses lifestyles and careers they can maintain much later in life.Episode ReferencesVariable Spending StrategyFuture Population GrowthRetirement Spending StrategiesThe Rejuvenation RoadmapReverse Aging Treatment for Mice“Time Jump” by 30 YearsAaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

The current and future impact of going solar and electric.In this episode, Trishul and Aaron discuss the decreasing cost of solar power and whether paying the extra cash now for solar panels or electric vehicles pays off in the end.Episode ReferencesEVs save money in the long runCalifornia Electric MandateSolar is now the cheapest in historyPrice of solar has dropped 89% in 10 yearsSolar makes sense at ground levelEnergy.gov: Homeowner's Guide to Federal Tax CreditAre EVs worth the money?Solar in US to triple in five yearsAre EVs worth it?Only EVs by 2035Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Everything Fantasy Football.In this episode, Aaron teaches Trishul how to play fantasy football. They use passive investing and simple behavior heuristics as analogies for auto-drafting and setting a lineup. They discuss positional scarcity, relative value, and the diminishing marginal benefit of additional research time. But in the end, it's the context that keeps a group of friends together that is the biggest benefit of fantasy football.Amazon: All or NothingYahoo! Fantasy SportsESPN FantasyAaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Is ESG investing worth extra fees and opportunity cost? There may be better ways to spend your money.In this episode, Aaron and Trishul discuss Socially Responsible Investing and ESG investing. Environmental, Social, Governance investing. They discuss the theories around how and why you you would invest in companies with objectives other than pure profit maximization. Trishul argues that if there was any additional ourperformance to be had, the efficient market would already have priced that in. Aaron uses an analogy of female led companies to argue that there may be some bias against non-traditional invesment strategies. But in the end, they both agree that lower investment fees is the way to go.Women Led Startups received 2.3% of VC FundingFemale Entrenpreneurs Funded by Female VCsESGV - Vanguard ESG US Stock ETFCompanies with female leaders outperform those dominated by menESG ETFsWhat is ESG investing?Forbes: ESG InvestingNerdwallet: ESG InvestingRobo-Advisors Socially Responsible InvestingESG Investing introESG ETF ReportsAaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Tax-Loss Harvesting is not free money, but it still has some long-term benefits.In this episode, Trishul and Aaron discuss all the nuances and caveats of tax-loss harvesting. It is definitely a good thing, but may be more of a tax-deferral than a genuine tax savings. Unless you can get a step-up in basis. The biggest benefit of tax-loss harvesting may come from the time value of money; the compounding growth on the money that didn't go to taxes at the beginning.MMS #79. Tax-Loss Harvesting 1017 Stages to Financial FreedomMox-nixVOO - Vanguard S&P 500 ETFVT - Vanguard Total World Stock ETFFidelity: Tax-loss harvestingIRA Wash Sale RuleWash Sale Challenge: What is substantially identical?Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

With social media, it takes practice to fight the default doomscrolling behavior.In this episode, Trishul and Aaron examine their own behaviors when it comes to social media and how it continually elicits negative emotions. Social media engines feed more negative items because these drive greater interaction across society. They discuss the balance between 'ignorance is bliss' and being an informed voter. With so much noise in the world, it takes work to create filters and you need to practice the process of curation.DoomscrollingTang pingBBC: DoomscrollingEcho ChamberAaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Most advice for dealing with rising interest rates doesn't work after the fact.All the advice of what to do during rising interest rates only applies if you went back in time and knew interest rates were going to rise in the future. Once they have already risen, there is not much you can do. But Aaron and Trishul discuss some of the things you could have done if you were able to predict the future.MMS #61. The market's at an all-time high (again!).CNN: How to benefit from rising interest rates.Interest Rates are Rising GloballyFed Raised Interest RatesFed Funds Rate History: Highs and LowsUS Treasury Yield CurveBND - Vanguard Total Bond Market ETFInterest Rate SensitivityMortgage RatesAaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Being intentional with spending and saving can reduce stress and increase happiness.If you are on track to be financially independent, when is it ok to spend more? If you are saving well and your income keeps growing, do you scale back or use your extra to move beyond basic needs? After you are earning enough to cover regular spending and saving, it becomes an intentional life decision of what you do with your extra income? Do you maintain the same expenses and pursue FIRE? Do you become a one-income household? Do you design your career with your life in mind? As you move from stability to flexibility, it becomes more important to be intentional with your life decisions first, then make sure your finances are supporting your ideal life.MMS #3. Does money buy happiness?MMS #6. The difference between well-being and happinessMMS #7. The impact of friends, family, and communitiesMMS #18. Why happiness is not the answer to your problems.7 Stages to Financial FreedomRich Dad Poor DadHedonic TreadmillReddit FIREHappy MoneyAaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

How the math behind Buffett's Billion applies to psychology and finance.In this episode, Aaron and Trishul look at the math behind the March Madness game Buffett's Billion and the probabilities of unlikely things happening. How does Warren Buffett put up $1 Billion for a free game? While each individual underdog is more likely to lose, if enough underdogs play, you can start to expect that at least one underdog will win. They discuss the collective psychology of looking back at unexpected things vs. trying to predict unexpected things in advance. While you may feel the shock of "What are the odds of that happening?!?!", this is often ascribed after the fact and the probability of SOME unexpected event occurring is much higher than any specific event.MMS #24. Always shop around for insuranceWarren Buffett Billion Dollar March Madness BracketSmall-World EffectHow many grains of sand?Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Deflation from technology, but prices still increase.In this episode, Aaron and Trishul discuss deflation due to improvements in technology. They use computers, TVs, and cars as analogies for real estate, education, and healthcare. Even if prices of new cars aren't going down, it's the benefits and value that have driven the increases in prices. They guess how it may be possible for the cost of education to trend toward zero, while a four-year university can continue to outpace the CPI.Our Economy: What is Technology?The Great Deflation of Computer PricesDeflationInflationBig Mac IndexLumberCheap TV?New Car InflationSolar Panels over TimePopulation Growth RateOnline Learning PlatformsAaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Need to know about AMT preference items, add backs, and exclusions? And how do AMT credits work?In this episode, Trishul convinces Aaron to wade deep into AMT. They discuss Alternative Minimum Tax preference items, exemptions, adjustments, and exclusions. Aaron provides an example of how the AMT exemption matters when exercising ISOs and why you may not get all of your AMT credit back in future years. Without a doubt, AMT is a complex beast. But with luck, this episode will turn a few unknown unknowns into known unknowns.Episode ReferencesGraystone Advisor: Exercise your ISOs in JanuaryAMT adjustmentsHow to calculate AMTWho benefited from TCJA?AMT income treshhold and exemption amountsThe Balance: What is AMT?Private Activity BondPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

A well-designed asset allocation shouldn't need to adjust in response to inflation.In this episode, Aaron and Trishul discuss inflation. They go through factors that led to rising prices in 2021. And they relate potential impacts to consider. Our hosts then explore how stocks and bonds have performed over historical inflationary periods. You probably don't want to make any tactical changes to your portfolio to counteract recent inflation. So listen to the end to find out why.Episode ReferencesMMS #82. Are you overlooking this stellar asset class?S&P 500 by Calendar YearUS Inflation Rate by YearBuyers paying over sticker price for carsThe Fed - What is inflation?How does inflation affect exchange rates?How many decimals of pi do we really need?Investopedia: InflationInvestopedia: What causes inflation?Investopedia: Inflation's impact on stock returnsCPIHistorical inflation rate by yearBig Mac IndexVanguard Total Bond Market ETFThe Fed's dual mandateGold standardS&P 500 returnsInflation 2021Podcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Resolutions and blocking off calendar, and controlling time and your schedule. Don't forget 401k contributions, ISO exercises.In this episode, Trishul and Aaron talk about things they consider at the beginning of the year. They double-check savings rates based on raises and current 401k limits, and they evaluate the exercise of ISOs. They also evaluate many age-based topics, such as RMDs, QCDs, Medicare, and Social Security. But consider your big rocks first. It doesn't have to be a New Year's Resolution because a new habit can start at any time. So what boulders have you been neglecting lately?Episode ReferencesMMS #57. Be proactive in January to save big on these three thingsBuild Back Better Act: TimelineOneWheelHow to create a successful new year planWho is eligible for MedicareAge ReductionQCDsUGMA or UTMAPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Longevity and life expectancy assumptions in financial planning projections.In this episode, Aaron and Trishul discuss planning issues related to longevity and life expectancy. Retirement projections require an end date, but choosing one is an art rather than a science. The process requires assimilating incongruent datasets and incorporating human emotion. But then what happens if longevity continues to increase? Our hosts get a little wonky as they bring up FIRE, safe withdrawal rates, Medicare, and The Good Place.Episode ReferencesLife ExpectancyDeath vs DisabilityOdds of DyingSSA: Actuarial Life TableLife Expectancy: Singapore vs USJapanese Scientists Develop Aging VaccineSupercentenariansHuman aging process biologically reversedPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

The life lessons of skiing and snowboarding are different for kids and adults.How do skiing and snowboarding relate to teaching children grit? How do you learn to say 'no'? And where does "Zelda: Breath of the Wild" fit in with all this? In this episode, Trishul and Aaron discuss how winter sports and video games serve as examples of the balance between pushing through failure and knowing when to quit.Episode ReferencesMMS #6. The Difference Between Well-Being and HappinessMMS #93. How to give up and quit like a pro.MMS #8. Do You Actually Need More Stress in Your Life?MMS #17. How to Take Advantage of Your Lazy BrainMalcolm Gladwell: 10,000 Hours Rule ExplainedWikihow: Develop GritWikihow: SnowboardWikihow: SkiPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Our favorite episodes from Year 2.In this episode, Aaron and Trishul look back on their second year of podcasting. In the beginning, they focused on the process, recording one conversation at a time, and eventually, they established a consistent habit. To wrap up Season 2, our hosts recount their favorite episodes of the year. So which ones did you enjoy the most? Listen to the end to find out.Episode ReferencesMMS #52. 1st year retrospective: Our favorite episodes and what you missed.Trishul's Favorites from Year 2MMS #86. How does your True Tax Rate compare with the wealthiest Americans?MMS #72. How many people actually beat the market?MMS #61. The market's at an all-time high (again!). Now what?MMS #60. What's the best way to beat Bitcoin Madness? We uncover facts that nobody ever told you.MMS #59. Stock options are risky business. Here's when they can actually make sense.Aaron's Favorites from Year 2MMS #67. If you are in this lucky minority, the Biden Tax Plan will burn you.MMS #82. Are you overlooking this stellar asset class?MMS #77. What's the real limit on 401k contributions? It's much higher than you think.MMS #74. This hidden benefit of financial independence changes everything.MMS #73. Is direct indexing the future of investing?MMS #65. The most important financial advice for someone in their 20's.Podcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraysAaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

During Open Enrollment, make sure you opt-in to 401k, life, disability, and health insurance. You can figure out the details later.In this episode, Trishul and Aaron discuss common client concerns that surface during Open Enrollment Season. Each fall, you get inundated with plan documents from work. But now is a time when your seconds can save you hundreds or even thousands. Often, you need to opt-in to participate in your employer's health, disability, life, and retirement plan. Likewise, a company match on your 401k or a discount to your ESPP can even mean free money. So don't miss out before it's too late to act.Episode ReferencesEmployee Benefits GuideHMO vs PPOGroup Disability InsuranceFAQs for Cafeteria PlansHSA vs FSAPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

ISOs, NSOs, RSUs, and ESPPs all together.In this episode, Trishul and Aaron discuss alternative forms of employee equity compensation. In addition to ISOs, there are NSOs, RSUs, and ESPPs, and each one comes with different tax implications. Your employer can grant access you any combination of these plans. So then, how do you decide when to exercise and when to sell? You can choose to hold on to everything for the upside. Or you can sell everything as soon as possible to lock in your benefits. But most people end up somewhere in the middle, and that's where things get complicated.Episode ReferencesMMS #99. ISO University: Congrats, you're hired! Now follow these steps with your new ISOs.MMS #100. ISO University: Your guide to navigating ISOs in a pre-IPO company.MMS #101. ISO University: It's IPO Time! So now what do you do with your ISOs?Graystone Advisor - When do I Exercise my Incentive Stock Options?Graystone Advisor - You Should Probably Exercise Your ISOs in DecemberGraystone Advisor - You Should Probably Exercise Your ISOs in JanuaryGraystone Advisor - How Do RSUs Work?XYPN: RSUsESOP and ESPPmyStockOptions.com: Holding Requirements for ISOsPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

ISOs in late stage private companies and after going public.In this episode, Aaron and Trishul discuss what you can do with your ISOs to prepare for an upcoming liquidity event. At this point, investment risks are still high, so what's the best way to capitalize from here? First, you must consider the timing of exercise. Next, you need to evaluate if you will cash out or hold on for more upside. For most people, it is some combination of cashing out as soon as possible, exercising and selling in the most tax-efficient manner, and holding on to your options or shares for long-term gains.Episode ReferencesMMS #99. ISO University: Congrats, you're hired! Now follow these steps with your new ISOs.MMS #100. ISO University: Your guide to navigating ISOs in a pre-IPO company.Graystone Advisor - When do I Exercise my Incentive Stock Options?Graystone Advisor - You Should Probably Exercise Your ISOs in DecemberGraystone Advisor - You Should Probably Exercise Your ISOs in JanuaryStock Compensation and TaxesISO vs NSO and 83b Election83b ElectionISO Disqualifying DispositionAMT PreferencesIRS: Underpayment PenaltyDrag Along RightsTag Along RightIRS: AMTAMT CreditPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

ISOs in the mid stage of a private company.In this episode, Trishul and Aaron discuss what you should look for when you've been at a private company for a few years. At this point, your ISOs may have climbed in value, so it's quite the balancing act. Not only do you need to factor in future investment risks, but also you need to analyze the impact of AMT. Furthermore, waiting to exercise can create a golden handcuffs scenario, which you want to avoid. Thus, it makes sense to exercise some ISOs each year. But don't exercise too many, or you'll end up with unintended consequences. Episode ReferencesMMS #99. ISO University: Congrats, you're hired! Now follow these steps with your new ISOs.MMS #33. If you have Incentive Stock Options, you need to listen to this episode.MMS #21. Why the VIX is useless.Graystone Advisor - When do I Exercise my Incentive Stock Options?Graystone Advisor - You Should Probably Exercise Your ISOs in DecemberISO vs NSO for 83b Elections$100k ISO Limitation83b ElectionISO Disqualifying DispositionMyStockOptions.comSlack IPOAMT Preference ItemsIRS Underpayment PenaltyPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

What should you look for when you first receive an ISO grant?In this episode, Aaron and Trishul discuss what you should look for when you begin working for a pre-IPO company and receive a grant of Incentive Stock Options. AMT isn't a concern just yet, but your investment risk is significant. Between QSBS and 83b elections, there are a few critical actions you can take right away. But most of the time, a "wait-and-see" approach will work just as well.Episode ReferencesMMS #33. If you have Incentive Stock Options, you need to listen to this episode.MMS #21. Why the VIX is useless.Graystone Advisor - When do I Exercise my Incentive Stock Options?XYPN: Your Guide to Stock CompensationTaxes: ISO $100k limits, 83b Election, Rule 3921, AMT TaxISO vs NSO for 83b ElectionsISOs and 83b Election$100k ISO Limitation83b ElectionPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Pandora Papers: Round three of leaks behind the wealth for rich and famous.In this episode, Trishul and Aaron discuss the Pandora Papers. Similar to the Panama Papers leak from 2016, this new investigation further reveals how the wealthy and powerful use offshore tax havens to shelter trillions in assets. But how does this influence the average American? It turns out its impact on you and your family is more extensive than you think. This latest exposure illuminates a significant global issue, but highlighting a concern is only the first step in combating a problem.Episode ReferencesMMS: #37. How to get rich and never pay a dollar in taxes.ICIJ: Pandora PapersICIJ: Pandora Papers FAQReddit: Pandora PapersIreland increase in corporate tax rate affects Facebook, Google, ApplePanamaPapers.orgAnonymous TrustWiki: Panama PapersWiki: Paradise PapersWiki: Pandora PapersPressure mounts on leaders revealed in Pandora Papers leakHow Many Billionaires are There in the World?All of the World's Wealth in One VisualizationPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

How much money should you put in Robinhood and crypto?In this episode, Aaron and Trishul discuss how much money you should invest in crypto. Similar to investing in single stocks, there are some rules of thumb to consider. Do you already save enough for retirement? Is your emergency fund adequate? Does your lifestyle depend on this money? If you're well covered, then the added risk of that Bitcoin position might be worth it to you. Even so, Trishul introduces a great analogy to the dot-com bubble in the '90s. How do you know if you are buying Amazon or Pets.com? So don't forget the big picture here, as there's always an opportunity cost to consider when making any investment decision.Episode ReferencesMMS #2: Buying stocks can be fun, but don't fall into these common traps. A quick intro to investing outside of your IRA.MMS #60: What's the best way to beat Bitcoin Madness?Regulators RAcing Towards Rules on CryptocurrencyMiamiCoinDotCom Pets.comBitcoin ETF coming, but there's a catchCoinMarketCapGlobal GDPICO: Initial Coin OfferingOptimism BiasPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Biden tax plan is getting updated, but will it even pass?In this episode, Trishul and Aaron discuss updates to the Biden tax plan as it makes its way through Congress. Most of the changes target the top 1% of income earners. For example, there's talk of increases to income taxes, capital gains taxes, corporate taxes, and even estate taxes. But will any of this even make a dent in the pockets of billionaires? While Biden is trying to target income inequality, his plan does little to address wealth inequality. So Trishul outlines one radical idea that could change everything.Episode ReferencesMMS #67: Biden Tax Plan proposalMMS #77: Mega Backdoor Roth 401kMMS #86: True Tax Rate of wealthiest AmericansMMS #37: How the rich never pay a dollar in taxesMMS #38: The US tax system is screwing you overKitces.com: Analyzing Biden's New "American Families Plan" Tax ProposalProPublica: Peter Thiel's $5B Roth IRAProPublica: How the Wealthy Avoid TaxesAmerica's Billionaire's Pay an Average Income Tax of 8.2%WSJ: What Peter Thiel's Roth IRA Means for YoursBiden Backs Tax on Billionaires Unrealized GainsThermal RunawayDemocrats Seeking $3.5T DealTax BracketsHead of HouseholdPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

What's the trade-off between security and privacy? And does Google know more about you than you do yourself?In this episode, Aaron and Trishul discuss the trade-offs between security and privacy. Are you okay with "free" services like Google tracking everything you do online? Nobody out there has time to read all the end-user license agreements that we come across. After all, someone out there must be keeping internet companies in check. And for now, to even participate in modern society, you have to give up some level of privacy. Even so, listen to the end to see how a little vigilance in the right places can go a long way.Episode ReferencesInvesting Forever - Privacy PolicyEnd-user license agreement (EULA)What is Internet Privacy?Proof That (Almost) No One Reads EULAsWhy is Online Privacy ImportantDuckDuckGo Google Alternative SearchBest Browsers for PrivacyWhy use a VPNDid Edward Snowden Tell Us Anything We Didn't Already Know?Self-Regulatory OrganizationPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Hacking, phishing, and password managers, oh my.In this episode, Trishul and Aaron discuss modern lifestyle security risks. Between hacking, phishing, and scamming, cyber fraud has become increasingly sophisticated. These days, it's almost impossible to distinguish between a legitimate email and an attempt to steal access. They share a few of their learning experiences and how password managers and two-factor authentication help to protect themselves and their clients. Cyber fraud is not going away any time soon, so never forget to be vigilant whenever you're online.Episode ReferencesHalf of people plug in found USB drivesHow to Recognize and Avoid Phishing ScamsBernie Madoff8 Ways to Avoid Getting Scammed10 Biggest Hedge Fund FailuresPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

When things aren't going well, when do you persevere and when do you throw in the towel?In this episode, Aaron and Trishul try to address the following question, "If things aren't going well, when do you make a change?" How do you overcome the emotional gravity of past actions to make good decisions moving forward? They discuss how impactful the status quo can be when framing a decision as an opt-in or opt-out. They also examine the disposition effect, prospect theory, and premortems. And sometimes, simply having a third-party opinion can help overcome behavioral bias.Episode ReferencesInvesting Forever - Famous Amos and Noble DanielDisposition EffectSelling Winners, Holding LosersBlack SwanHappy MoneyThinking Fast and SlowFreakonomics: Upside of QuittingThe Signal and the NoisePodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.