Making Your Money Matter | Actionable resources to help accumulators optimize money to maximize their lives. Spreadsheet guru, tax pro, budgeting advocate.

Joined April 2016
Trying to make a Christmas miracle happen!🎄I have a friend who left his phone in an @Uber. There is no customer service number, only the app (?!). He's not tech-savvy, couldn't reach driver, and gave up. There are priceless photos on this phone. Is there ANY way to contact Uber?
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Kathryn Hanna, CPA/PFS, CFP® retweeted
At every point on this chart you could have made a plausible case that: 1) the future was dim 2) the young generation was lazy 3) politicians were screwing everything up
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Looking up the definition of "security" for a blog post update and it's so enlightening. Security is: 1) Freedom from danger 2) Freedom from fear and anxiety Financial security involves more than just the logistics of saving "enough." It's just as essential to address the fears and anxieties we have about money to actually reach the point where we feel secure about our finances.
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This is also true at a MUCH smaller scale too. You could be at $1.5M or even LESS and realize that you regret being so focused on saving money for the future that you didn’t live life in the present. This is why it’s so important to visualize your ideal life, determine your “enough” number, and then focus on living your best life.
Comment: "I'm 48 years old with a $15 million net worth. Looking back, I didn't need to save so much, and I could've spent so much more on getting life experiences" What do you notice?
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I had the privilege of being on the Marriage, Kids and Money podcast this week talking about reaching CoastFI and how money helped me leave a toxic marriage (very first podcast, wahoo!). I’m grateful to Andy for letting me share my story! open.spotify.com/episode/2eR…
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I was really, really hoping that this was a good change that would come out of COVID. Hopefully someday health insurance will not be tied to employment!
The default system of having your health insurance tied to your employer might be one of the dumbest things our society has ever come up with.
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New Post: "The financially optimal plan always needs to be adjusted (sometimes significantly) to accommodate more important life values and priorities. Money is simply a tool to help you reach your goals; it’s not the goal in and of itself." buff.ly/3WfFKOJ
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Kathryn Hanna, CPA/PFS, CFP® retweeted
Health insurance - something every single person needs The problem...plans are confusing: - In network - out of network - copays - deductibles What does any of this mean? Let me teach you everything you need to know about health insurance
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All great suggestions (I wish I wasn’t a procrastinator but I very much am)! Another one I use is asking: “what one thing can I do now that will make everything else on my list easier?” And I prioritize that thing above all else that day.
The cost of procrastination is the life you could’ve had. And the root of procrastination isn't laziness, it's anxiety. If you suffer from procrastination, read this:
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Even a simple financial plan put in place can improve the quality of your life!
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Sometimes, personal finance posts make me miss being an employee (ha!). Being a business owner means there are no "free" dollars - you create your own dollars.
Best “free dollars” out there 1. 401k match ($100k income with match to 6% = $6,000) 2. Espp (with 15% discount = 17.6% return. Can be more with lookback) 3. Paying off Credit cards (20-30% saved by eliminating it) 4. Cash back/rewards if used correctly 5. HSA match
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So many truths in this thread. Knowing what "enough" means to you will help you to live a life without regrets.
3.5 years ago I left my CEO gig and abandoned over $1M in potential earnings. WHY? Because I realized that my time is worth more than ANY amount of money. Here are 32 short truths EVERYONE needs to hear:
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No one likes tax surprises (these comments in the photo are adapted from actual comments in personal finance groups). If you hold your breath each year until your tax forms are filed, it's time to understand and take charge of your tax withholding. buff.ly/3Utr0dC
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Kathryn Hanna, CPA/PFS, CFP® retweeted
As a small business owner, especially if you operate as an S Corp Managing expenses and taxes efficiently is crucial One tool not enough know about and utilize is the accountable plan Here's what you need to know so you can reimburse yourself and lower your S Corps taxes:
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I'm convinced that the best thing you can do for your personal finances is to focus on your mental health. So many issues (overspending, being too overwhelmed to keep up with financial tasks, filing taxes late or not at all, etc.) come from struggling with mental health. Therapy has literally been an investment for me.
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The point at which a significant expense turned from a financial crisis to a minor inconvenience was when I finally felt wealthy (even though I wasn't by most standards).
When a bigger expense happens and you don’t have the money — it’s all about the money. When a bigger expense happens and you do have the money — it’s not about the money at all.
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Kathryn Hanna, CPA/PFS, CFP® retweeted
Changing tax laws are frustrating, but represent an opportunity Here are 6 practical ways for firms to capitalize on uncertainty (and a report template to swipe):
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