Episode 54: RSU Strategies for Tech Professionals with Landon Loveall

Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techcareersandmoneynews.com/

Landon Loveall is a certified financial planner and dedicated advocate for tech professionals to increase their wealth through financial, tax and stock option planning. He is a partner of KB Financial Advisors which has been specializing in maximizing stock options for tech employees since 2014.

Landon regularly shares his thought leadership on the KB Financial Advisors blog about the unique scenarios presented by employee stock options. When he's not assisting clients, Landon enjoys kayaking down the Duck River with his wife Melissa and their three children in Columbia, TN.

Connect with Landon

• https://kbfinancialadvisors.com/
• https://www.linkedin.com/in/landonloveall/

In order to maximize the value of RSUs over time, it is important to understand the vesting schedule and how the shares become taxable. Typically, RSUs have a time-based vesting schedule, where a certain percentage of shares vest each year over a four-year period. The key events to pay attention to are the vesting date, when the shares become yours, and the settlement date, when the shares are transferred into your ownership and become taxable.

Before an IPO, RSUs may have a double trigger, where the shares vest based on time and an event trigger, such as the company going public. After an IPO, vesting and settlement typically occur at the same time. It is important to be aware of the tax implications of RSUs, as the value of the shares becomes taxable at the settlement date.

In this episode, we talk about:

• Understanding RSU Vesting Schedules: Landon emphasized the importance of not just focusing on the volume of stock you receive but also paying close attention to the vesting schedule. The vesting schedule and what you receive over time are critical aspects that can impact your financial planning significantly. Knowing when your RSUs vest and how they become taxable is crucial for maximizing your returns on time and talent.
• Pre-IPO RSUs vs. ISOs: We discussed the differences between pre-IPO RSUs and ISOs, shedding light on the tax implications and risks associated with each type of equity compensation. Landon highlighted the complexities of incentive stock options and the importance of understanding the tax implications, especially around an IPO event.
• Pay Stub Analysis for RSUs: Landon shared valuable insights on how tech professionals should analyze their pay stubs when it comes to equity compensation. Understanding supplemental withholding rates, federal and state taxes, and the implications of RSU settlements on tax liabilities is crucial for effective financial planning and tax management.

Episode Timeline:

• 00:00:00 - Introduction to Equity Compensation
• 00:01:02 - Guest Introduction: Landon Lovell
• 00:02:06 - Understanding RSUs and Their History
• 00:03:26 - Tax Implications of RSUs
• 00:05:20 - RSUs in Public Companies
• 00:06:55 - Options for Handling RSUs at Vesting
• 00:09:01 - Variations in RSU Packages
• 00:11:31 - Negotiating Equity Compensation
• 00:13:07 - Immediate and Front-Loaded Vesting Trends
• 00:15:05 - Importance of Equity Compensation Strategy
• 00:17:00 - Risks and Rewards of Equity Compensation
• 00:18:04 - Personal Strategy for Managing Equity
• 00:19:12 - Transition from ISOs to RSUs in Private Companies
• 00:22:04 - Pre-IPO RSUs and Tax Considerations
• 00:24:31 - Understanding Pre-IPO Share Values
• 00:29:17 - Pay Stub and Tax Implications for Equity Compensation
• 00:34:23 - Conclusion and Further Resources

Episode 53: 10 Lessons from a A Year of Tech Career & Money Conversations

Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techcareersandmoneynews.com/!

Reflecting on the lessons learned from a year of podcasting, it is evident that taking the time to reflect, learn, grow, share, and enjoy is crucial for personal and professional development.

This episode highlights the importance of distilling lessons learned, observing and conversing with others, asking quality questions, being consistent and repetitive, watching the tape, anticipating challenges, embracing vulnerability, sharing experiences, and building a supportive community.

In this episode of "Tech Careers in Money Talk," host Christopher Nelson reflects on one year of podcasting and shares 10 valuable lessons learned. 

While not claiming to be a podcasting expert, he offers insights and takeaways for building skills and expertise in the tech industry. 

As we step into the next year, the focus will be on deepening the discussions around trading time and talent for equity and managing an evergreen portfolio. We are excited to bring more expert insights and practical strategies through upcoming episodes and a detailed newsletter series. Additionally, Christopher is working on a book titled "From No-Do to IPO," which will further explore these themes.

Thank you all for your continued support and engagement. Here's to another year of learning, growth, and community building in Tech Careers and Money Talk. Please share this podcast with others in the tech community and join us as we continue to explore the intersection of technology careers and financial wisdom.

Listeners can gain valuable tips for career growth and financial success. Stay tuned for a sneak preview of what's to come in year two of the podcast!

In this episode, we talk about:

• Observation and Conversation: The importance of preparing and understanding your guests or colleagues to enrich interactions.
• Quality of Questions: Improving the depth of your inquiries to enhance learning and engagement.
• Consistency and Repetition: The necessity of regular practice to transition skills into expertise.
• Feedback and Reflection: The value of reviewing your performances and seeking feedback to continuously improve.
• Low and Slow Growth: Emphasizing steady, persistent efforts over sporadic bursts for sustainable growth.
• Anticipating Challenges: Being prepared for inevitable obstacles and managing them proactively.
• Embracing Vulnerability: Using openness about challenges to foster personal growth and resilience.
• Shared Experiences: Building connections through vulnerability, leading to shared growth and understanding.
• Enjoying the Process: The importance of finding joy in the journey, not just the outcomes.
• Community and Support: Leveraging community for mutual support and collective advancement.

Episode Timeline:

• 00:00:00 - Introduction and Importance of Reflection
• 00:00:31 - Welcome to Tech Careers and Money Talk
• 00:00:54 - Celebrating One Year of Podcasting
• 00:01:25 - Ten Valuable Lessons from Podcasting
• 00:02:07 - Planning for Future Growth and Exit Strategies
• 00:03:01 - The Value of Observation and Conversation
• 00:04:17 - Learning from Guests and Enhancing Interview Skills
• 00:05:30 - Importance of Asking Quality Questions
• 00:06:56 - Consistency and Repetition in Skill Building
• 00:08:01 - Strategic Content Creation and Scheduling
• 00:09:04 - Reflecting on Personal Growth and Feedback
• 00:10:07 - Embracing Slow and Steady Growth
• 00:11:11 - Anticipating and Managing Challenges
• 00:12:57 - Vulnerability and Growth in New Ventures
• 00:14:01 - Building Community and Shared Experiences
• 00:15:50 - Enjoying the Process and Building Connections
• 00:16:34 - Looking Ahead: Plans for Year Two
• 00:18:54 - Recap and Future Directions
• 00:27:04 - Community Engagement and Listener Participation
• 00:29:11 - Conclusion and Call to Action

Connect with Christopher Nelson on LinkedIn: 

https://www.linkedin.com/in/christophercnelson/

Episode 52:Critical Money Lessons for Tech Employees with Landon Loveall

Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techcareersandmoneynews.com/

In this episode of Tech Careers and Money Talk, host Christopher Nelson speaks with certified financial planner Landon Loveall about managing equity compensation for technology employees.

Landon Loveall is a certified financial planner and dedicated advocate for tech professionals to increase their wealth through financial, tax and stock option planning. He is a partner of KB Financial Advisors which has been specializing in maximizing stock options for tech employees since 2014. 

Landon regularly shares his thought leadership on the KB Financial Advisors blog about the unique scenarios presented by employee stock options. When he's not assisting clients, Landon enjoys kayaking down the Duck River with his wife Melissa and their three children in Columbia, TN.

Connect with Landon Loveall

https://kbfinancialadvisors.com/

https://www.linkedin.com/in/landonloveall/

Traditionally, employees have been taught to focus on their paycheck as the primary source of income. However, with the rise of equity compensation in the tech industry, it is essential to understand that owning equity in a company is a form of ownership and an opportunity to build wealth. 

Instead of solely relying on a paycheck, tech employees should view their equity compensation as a valuable asset that contributes to their overall financial health.

By shifting from paycheck to balance sheet mindset, tech employees can take a more holistic approach to managing their finances. 

They can focus on growing and nurturing their balance sheet by making strategic decisions about their equity compensation, investments, and financial goals. 

This shift in perspective allows employees to see the bigger picture of their financial situation and make informed decisions that align with their long-term financial objectives.

In this episode, we talk about:

• Shift from Paycheck to Balance Sheet: Landon emphasized the importance of moving beyond the bi-weekly paycheck and focusing on building and managing a comprehensive balance sheet. This mindset shift is crucial for tech employees who often receive significant equity compensation.
• Treat Your Career Like an NFL Contract: Understanding the value of your career and treating it like a professional athlete would handle a sports contract can lead to more strategic financial and career decisions. This involves knowing when to push for more and when to transition.
• Professional Financial Guidance: As tech professionals advance in their careers, the complexity of financial management increases. Landon advises against a purely DIY approach to financial planning, highlighting the benefits of engaging with professional advisors to avoid costly mistakes and optimize financial growth.
• Don’t Overprioritize Taxes: While taxes are important, Landon warns against letting them dictate major financial decisions. The focus should first be on the stock price and the number of shares, with taxes coming into consideration afterward.
• Prepare for Catastrophic Loss: Understanding the impact of significant market drops on personal wealth is crucial. Setting target sell prices for stocks and having a clear action plan can mitigate the risk of emotional decision-making during market downturns.

Episode Timeline:

• 00:00:00 - Introduction to Financial Management for Tech Employees
• 00:01:23 - Expert Insights with Landon Loveall
• 00:02:07 - Landon's Experience and Client Demographics
• 00:02:39 - Five Critical Money Lessons
• 00:03:08 - Lesson One: Rethinking Financial Priorities
• 00:04:36 - The Impact of Financial Awareness
• 00:06:25 - Managing Wealth Beyond Income
• 00:08:17 - Lesson Two: Career Valuation Like NFL Contracts
• 00:12:17 - Lesson Three: Professional Financial Guidance
• 00:14:46 - Integrating Financial and Tax Planning
• 00:17:36 - Building Trust with Financial Advisors
• 00:19:13 - Comprehensive Service Approach
• 00:23:50 - Lesson Four: Rational Approach to Taxes
• 00:26:12 - Lesson Five: Avoiding Catastrophic Loss
• 00:30:40 - Setting Financial Goals and Targets
• 00:34:25 - Fire Round: Quick Insights and Advice
• 00:38:10 - Closing and Additional Resources

5 Remote Work Insights for 2024 from Founder and Venture Capitalist

In this episode of Tech Careers and Money Talk, host Christopher Nelson introduces Brett Martin, a multi-talented executive involved in Kumo Space and Charge Ventures. Martin discussed the current state of the remote work market and how companies are adapting to the new normal of hybrid work environments.

Brett Martin is the Co-Founder & Managing Partner of Charge Ventures, an NY-based venture fund (70+ portfolio companies), as well as the President & Co-Founder of Kumospace (24M+ from Lightspeed), the leading business communication tool for remote teams. He’s also an Adjunct Professor at Columbia Business School, where he teaches data analytics and technology strategy.

Connect with Brett Martin: 

https://www.kumospace.com/

https://www.kumospace.com/podcast

https://www.linkedin.com/in/brettlucasmartin/

https://twitter.com/brett1211

Remote work is here to stay, and companies that embrace this new way of working will be better positioned to thrive in the future. As technology continues to advance and remote work tools become more sophisticated, the possibilities for remote and hybrid work arrangements are endless. It is an exciting time for companies and employees alike as we navigate this new era of work.

One of the key challenges for companies transitioning to remote work is finding the right tools and technologies to support collaboration and communication among remote teams. This is where companies like Kumo Space come in, providing virtual spaces for remote and hybrid teams to connect and collaborate effectively.

In this episode, we talk about:

• Market Insights: We discussed the current venture market in 2024, the impact of AI, and the challenges and opportunities for entrepreneurs in the current environment.
• Remote Work Trends: Explored the evolving landscape of remote work and hybrid companies, especially in the post-pandemic era.
• Investing in AI: Insights on VC investing in the age of AI, navigating valuation challenges, and making informed decisions in the AI space.
• Multimodal Executive Life: Delved into the world of being a multimodal executive, balancing roles at Kumo Space and Charge Ventures, and the rewards and challenges of wearing multiple hats.
• Rest and Unplugging: How do you find time to rest and unplug in a busy schedule? Brett shared his approach to rejuvenation through skiing and mountain climbing.

Episode Timeline:

• 00:00:00 - Venture Market Analysis
• 00:00:37 - Introduction to Tech Careers and Money Talk
• 00:01:09 - Introducing Brett Martin
• 00:02:05 - The State of Remote Work
• 00:03:40 - Customer Demographics for KumoSpace
• 00:04:03 - Success Factors for Remote Work Companies
• 00:05:51 - Traits of Successful Remote Employees
• 00:06:09 - Unstructured Conversations in Remote Work
• 00:07:48 - Remote Work Equity and Visibility
• 00:08:06 - Engaging as a Remote Employee
• 00:09:07 - The Importance of Physical Interaction
• 00:11:02 - The Second Half: VC Investing in AI
• 00:12:57 - Raising Capital in High Interest Rate Environment
• 00:14:42 - Multimodal Executive Lifestyle
• 00:17:29 - The Benefits of Remote Work
• 00:19:01 - The Second Half Continues: AI and VC
• 00:21:30 - Current VC Environment and AI Investments
• 00:24:56 - Filtering AI Companies for Investment
• 00:27:14 - Investment Criteria in Today's Market
• 00:30:42 - Managing Financing Risk in Early-Stage Investing
• 00:32:47 - Being a Multimodal Executive
• 00:37:56 - The Joys and Challenges of Multimodal Work
• 00:41:04 - Legacy and Impact Work
• 00:41:56 - Resting and Unplugging Strategies

When it comes to career planning, it is important to prioritize skills over titles. Titles may seem like the ultimate destination in a career, but they are merely labels that do not necessarily reflect the true capabilities and expertise of an individual. Focusing solely on titles can limit one's growth and potential, as it may lead to a narrow perspective on what success looks like.

On the other hand, skills are the building blocks that enable individuals to achieve their career goals and navigate the challenges that come their way. Skills are tangible and measurable, and they can be developed and honed over time through experience, training, and continuous learning. By focusing on acquiring and improving skills, individuals can adapt to changing circumstances, seize new opportunities, and progress in their careers regardless of the specific titles they hold.

In this episode of Tech Careers and Money Talk, host introduces Mark Herschberg, a serial startup and public company CTO and CPO, also known for his book "The Career Toolkit." Mark shares insights on influential leadership and navigating challenges in tech careers. 

Tune in for valuable strategies and tactics to grow your career and build wealth as a technology professional!

In this episode, we talk about:

• Influential Leadership: Mark emphasized that true leadership is not about authority but about influencing others to share in your vision, much like Martin Luther King and Mahatma Gandhi did.
• Career Planning: He compared career planning to project planning, suggesting that we should have short-term, intermediate, and long-term goals, with regular check-ins to adjust our plans as needed. Mark also provided a practical tip: set a recurring calendar event every six months to review and adjust your career plan.
• Titles vs. Skills: Mark discussed the difference between chasing titles and developing skills. He pointed out that the same title can mean different responsibilities in different contexts, and it's more important to focus on the type of work and responsibilities you want.
• Soft Skills: He argued that investing in soft skills can provide a better return on investment than focusing solely on technical skills, as they amplify your overall capabilities.
• Leadership at Any Level: Mark debunked the myth that leadership is reserved for those in high positions, asserting that anyone at any level can exhibit leadership qualities.
• Ethics in Tech: Mark highlighted the importance of being prepared for ethical dilemmas in tech. He likened ethical preparation to fire drills, where practicing ahead of time can help you make the right decisions under pressure.
• Career Toolkit: The episode also delved into Mark's book, "The Career Toolkit," which outlines ten essential skills for tech employees, including career planning, leadership, management, communication, networking, negotiation, and ethics.

Episode Timeline:

00:00:00 - Influential Leadership

00:00:28 - Introduction to Tech Careers and Financial Planning

00:00:49 - Mark Herschberg's Introduction

00:01:11 - The Career Toolkit Book

00:02:12 - Creating a Career Plan

00:04:49 - Titles vs. Skills in Career Planning

00:07:00 - Skill Development in Career Plans

00:09:49 - Common Mistakes in Career Planning

00:13:09 - Reflecting on Career Progress

00:15:22 - Feedback and Career Progress

00:19:09 - Peer Networking and Career Advancement

00:20:20 - Transitioning to Leadership

00:23:28 - The Career Toolkit Overview.

00:26:02 - Leadership Skills Development

00:29:29 - Transitioning from Individual Contributor to Manager

00:33:08 - Ethics in the Career Toolkit

Connect with Mark Herschberg: 

https://www.thecareertoolkitbook.com

https://www.instagram.com/thecareertoolkit/

https://www.linkedin.com/in/hershey/

One of the effective mentoring strategies is knowing the importance of the mentor-mentee relationship. It is a shared responsibility. Both parties have a role to play in fostering a successful and meaningful mentorship dynamic. Mentees should approach their mentors with energy, ambition, and clarity about their goals and needs. By being proactive and engaged, mentees can create momentum in the relationship and demonstrate their commitment to growth and development.

Mentors can add value to their mentees by showing empathy, checking in on their well-being, and offering support in return. By demonstrating care and concern for their mentees, mentors can strengthen the bond and create a more reciprocal relationship. This not only benefits the mentee by providing them with emotional support and assistance but also creates a more fulfilling and rewarding mentorship experience for both parties.

In this episode of Tech Career Money Talk, host Christopher welcomes Ritendra Datta back to discuss the important topic of mentorship. Both emphasize the significance of mentees in their own careers and highlight the value of understanding how to be good mentors.

Tune in to gain insights on how to maximize the mentor-mentee relationship for success

In this episode, we talk about:

Selecting a Mentor:

• Emotional Connection: Choose a mentor who makes you feel good about yourself.
• Technical vs. Broader Relationships: For technical skills, personality may not be as crucial, but for long-term mentorship, compatibility is key.
• Mentor's Career Trajectory: Study potential mentors' paths to ensure alignment with your goals.
• Be a Good Mentee: Position yourself to help your mentor assist you, and don't be afraid to check in on them too.

Being a Good Mentee:

• Proactivity: Seek out mentors early in your career for faster growth.
• Clear Asks: Approach mentorship with specific questions and goals.
• Reciprocity: Find ways to add value to your mentor's life, even if it's just showing empathy.

Being a Good Mentor:

• Empathy: Listen intently and validate your mentee's feelings.
• Knowledge: Be honest about the limits of your expertise and avoid giving generic advice.
• Diversity: Engage with mentees from various backgrounds to enrich your perspective.
• Energy: Bring enthusiasm to your mentorship sessions to keep the relationship dynamic and effective.

Episode Timeline:

• 00:00:00 - Selecting the Right Mentor
• 00:00:33 - Introduction to Tech Careers and Money Talk
• 00:01:05 - The Importance of Mentorship
• 00:02:11 - Becoming a Good Mentee
• 00:04:06 - Building a Relationship with Mentors
• 00:05:12 - Adding Value to Mentors
• 00:07:43 - Checking in on Mentors
• 00:08:01 - Reciprocity in Mentor-Mentee Relationships
• 00:10:14 - Identifying Suitable Mentors
• 00:13:36 - Mentor-Mentee Dynamics
• 00:16:04 - When Mentees Surpass Mentors
• 00:18:33 - Lifelong Mentor Relationships
• 00:20:34 - Seeking New Mentors with Experience
• 00:23:19 - Learning from Mentees
• 00:25:46 - The Transition from Mentee to Mentor
• 00:28:14 - Part Two: Being a Great Mentor
• 00:29:00 - Common Issues with Mentorship
• 00:31:17 - Empathy in Mentorship
• 00:34:08 - The Value of Being a Mentor
• 00:35:59 - Knowledge and Diversity in Mentorship
• 00:38:58 - Avoiding Generic Advice
• 00:40:31 - The Mentor's Learning Opportunity
• 00:42:05 - The Importance of Diverse Mentorship
• 00:43:27 - Proactive Diversity in Mentorship
• 00:44:06 - Characteristics of a Great Mentor
• 00:47:59 - Keeping Mentorship Engaging and Energetic

Connect with Ritendra Datta on LinkedIn: 

https://www.linkedin.com/in/ritendradatta/

One key aspect of executive branding through storytelling is the idea of being the captain of your own career. Instead of relying on HR or your company to provide you with opportunities, individuals can take charge of their career by sharing their insights, opinions, and experiences online. 

By publishing content on platforms like LinkedIn, individuals can showcase their expertise and establish themselves as authorities in their field. This not only helps to build trust with potential employers or clients but also opens up a world of opportunities for career advancement and growth.

In this episode of Tech Careers and Money Talk, host Christopher Nelson welcomes Belen Wagaw back to the show. Belen shares her journey from intern to chief of staff to running her own storytelling company for CEOs and B2B brands. 

Tune in for insights on career growth, wealth-building, and achieving financial and lifestyle goals in the tech industry!

In this episode, we talk about:

• The Value of Personal Experience: AI is transforming various tasks, but it cannot replicate individual lived experiences. In a world increasingly influenced by AI, personal stories and insights remain uniquely human and irreplaceable.
• Storytelling in B2B Marketing: Traditional B2B marketing is faltering due to a lack of storytelling and CEO engagement. Companies that embrace storytelling and personal branding are seeing significant results in creating demand.
• The Shift to Thought Leadership: CEOs and executives should focus on becoming thought leaders rather than just salespeople. Sharing industry insights and educational content can attract customers and establish authority.
• Content Strategy for Executives: For executives looking to post online, it's crucial to clarify their goals, identify their audience's pain points, and share their unique perspectives. Contrarian opinions can be particularly engaging.
• The Role of AI in Content Creation: While AI can generate content, it lacks the personal touch that human experiences bring to storytelling. AI can be a helpful tool for editing and formatting but cannot replace the authenticity of personal narratives.
• Advice for Aspiring Content Creators: Start by sharing what you know and learn to enjoy the process. Avoid common mistakes like poor formatting, excessive hashtags, and irrelevant tagging. Instead, focus on providing value and lessons learned from your experiences.

Episode Timeline:

• 00:00:00 - Embracing Personal Experiences in AI Era
• 00:00:27 - Introduction to Tech Careers and Money Talk
• 00:00:48 - Belen Wagaw's Career Journey
• 00:01:52 - The Shift in B2B Marketing
• 00:03:07 - Storytelling in B2B Marketing
• 00:04:03 - Platforms for Effective Storytelling
• 00:05:21 - CEOs Missing Out on Storytelling Opportunities
• 00:06:13 - The Role of CEOs in Marketing and Sales
• 00:08:41 - Crafting a Personal Brand as a CEO
• 00:10:36 - Thought Leadership vs. Salesmanship
• 00:12:09 - The Importance of CEO Visibility
• 00:14:21 - New Approaches to B2B Marketing
• 00:16:26 - Leveraging Storytelling for Career Growth
• 00:18:32 - Personal Branding for Mid-Career Executives
• 00:20:39 - The Impact of AI on Personal Branding
• 00:22:21 - Writing Online: First Steps and Feelings
• 00:24:09 - The Role of AI as a Writing Partner
• 00:25:16 - Tips for Starting to Write Online
• 00:27:00 - Belen's Personal Experience with Online Content
• 00:29:23 - The Value of Sharing Knowledge Online
• 00:30:10 - Overcoming the Fear of Online Writing
• 00:31:31 - The Role of AI in Content Creation
• 00:33:51 - AI's Limitations and Human Storytelling
• 00:35:36 - Content Strategy for Mid-Level Executives
• 00:37:27 - AI and Personal Lived Experiences
• 00:39:14 - Fundamental Advice for Writing Online
• 00:41:53 - Content Strategy and Goals
• 00:43:49 - Building a Content Library and Swipe File
• 00:44:50 - Encouragement for New Online Writers

Connect with Belen Wagaw: 

https://www.linkedin.com/in/belenwagaw/

One of the key aspects that make the tech careers in Europe stand out is the diversity of locations and opportunities available. From cities like London, Dublin, Switzerland, and Paris, there is a wide range of tech hubs where individuals can pursue their careers in the technology industry. Each city offers its own unique environment and opportunities for growth and development.

For example, Dublin is known for its thriving tech industry, with many multinational companies setting up their European headquarters in the city. London, on the other hand, is a major hub for tech startups and innovation, with a vibrant ecosystem of entrepreneurs and investors. 

Switzerland is also a key player in the tech scene, with cities like Zurich and Geneva attracting top tech talent from around the world.

In this episode of Tech Careers and Money Talk, we had the pleasure of speaking with Amin Neeme, an employee at Google who works in the partnership team for EMEA, focusing on voice AI partnerships through Google Assistant and data partnerships. 

Amin shared his journey from the Middle East to working in big tech in Europe, and how his early career in risk management and equity derivative sales influenced his approach to personal finance.

Tune in to learn about Amin’s experiences and insights on navigating the tech industry and financial world!

In this episode, we talk about:

• Career Mobility in Tech: Amin discussed the life-changing realization that comes with gaining skills that open doors to international career opportunities. He emphasized the value of being able to choose where to live based on personal preferences.
• Tech Scene in Europe: We explored the tech hubs in Europe, such as Dublin, London, and Zurich. Amin highlighted Dublin as a great starting point for early career professionals due to the presence of major tech companies and a diverse environment. However, he also noted the high cost of living and the transient nature of the expat community.
• Living and Working in Europe: Amin shared insights into the cost of living and the impact of taxes on RSUs in different European countries. He compared the affordability of cities like Zurich to Dublin and discussed the benefits of working in Europe, such as proximity to nature and other continents.
• Financial Planning: Amin talked about his transition from a complex to a simple and balanced financial plan. He stressed the importance of focusing on the basics, being honest with oneself, and the power of investing in index funds for long-term growth.
• Equity Compensation: We delved into the topic of equity compensation and its role in building wealth. Amin reflected on his experience with RSUs at Google and the importance of understanding their long-term value.
• Financial Education: Amin and I discussed the importance of financial education and sharing knowledge with those who are a step behind in their financial journey.



Connect with Amin Neeme: 

https://www.linkedin.com/in/amin-neeme-600560192/

Episode Timeline:

• 00:00:00 - Introduction and Career Mobility
• 00:00:26 - Welcome to TechCruise and Money Talk
• 00:01:32 - Aman's Background and Career in Tech
• 00:02:10 - Tech Scene in Europe
• 00:03:14 - Comparing Dublin, London, and Zurich
• 00:06:07 - Dublin's Attractiveness for Early Career Professionals
• 00:07:57 - Housing and Cost of Living in Dublin
• 00:09:53 - Aman's Journey to Working in Europe
• 00:11:24 - Equity Compensation in Europe
• 00:13:17 - Taxation and RSUs in Different Countries
• 00:14:14 - Attracting Talent and Language Barriers in Europe
• 00:15:19 - Cultural Experiences and Global Mobility
• 00:16:53 - The Value of Diverse Work Environments
• 00:20:12 - The Benefits of Working in European Tech
• 00:21:44 - The Growth of AI and Startups in Europe
• 00:23:48 - The Global Journey of Tech Employees
• 00:25:13 - Language Skills and International Mobility
• 00:27:13 - Financial Planning and Simplicity
• 00:28:35 - Amin's Simple and Balanced Financial Plan
• 00:29:10 - The Importance of Financial Basics
• 00:30:02 - Investing Strategy and Index Funds
• 00:32:59 - The Value of Equity Compensation
• 00:34:08 - Building Wealth Through Equity
• 00:35:52 - Advice to Younger Self on Equity Shares
• 00:37:56 - Concentration and Diversification of Wealth
• 00:39:29 - The Impact of Equity on Personal Wealth
• 00:41:15 - Protecting and Growing Wealth
• 00:42:31 - Educating on Equity and Investment Strategy
• 00:44:21 - Financial Education and Strategy for the Future
• 00:46:13 - Educating the Next Generation on Investments

Radical Empathy is about taking the time to truly listen and understand the needs and emotions of others. It is about putting yourself in their shoes and seeing the world from their perspective. When we practice radical empathy, we create a space where people feel seen, heard, and valued. This leads to stronger relationships, increased trust, and a more positive work environment.

As Erin mentioned in her own experience, having a leader who practices radical empathy can make a world of difference. Instead of just focusing on climbing the corporate ladder and achieving personal success, empathetic leaders prioritize the well-being and growth of their team members. They show compassion, support, and understanding, creating a culture of care and respect.

In this episode of Tech Careers and Money Talk, host Christopher interviews Erin Diehl, the creator of Improve It, a professional development company rooted in improv comedy. 

Erin discusses how improv can help leaders and teams grow through play and experiential learning. She is also the host of the Improve It podcast and author of the Amazon bestseller "I See You." 

Join Christopher and Erin for insights on energizing teams through radical empathy and the power of improv in leadership development!

In this episode, we talk about:

• The Importance of Play at Work: Erin emphasized how incorporating play and improv into the workplace can level the playing field between interns and CEOs, leading to magical outcomes.
• Financially Focused Tech Employees: We discussed the unique challenges tech employees face when it comes to equity and financial planning, and how improv can play a role in navigating these challenges.
• Radical Empathy: Erin shared her journey and the concept of radical empathy, which involves deeply understanding and connecting with others while also taking care of oneself.
• Self-Love and Leadership: We delved into the idea that effective leadership starts with self-love and self-care, which then translates into better team management and a more magnetic culture.
• Improv Exercises: Erin walked us through an improv exercise called "Empathy," which helps develop a deeper understanding of others' perspectives, and shared insights on how improv can be used to enhance various workplace skills.
• The Ideal Day Exercise: Erin provided a framework for envisioning your ideal day, which can be transformative in understanding and directing your personal and professional life.
• The Impact of Improv on Tech Teams: We learned about how Erin's company, Improve It, helps tech teams communicate better and build stronger connections through improv based training.
• The Chicken Dance: Erin shared a fun fact about how the chicken dance is used in her workshops to break down barriers and encourage participants to step out of their comfort zones.

Episode Timeline:

• 00:00:00 - Masks at Work and Leveling the Playing Field
• 00:00:19 - Introduction to the Podcast for Tech Employees
• 00:00:40 - Introducing Erin and Improve It
• 00:01:41 - The Concept of "Improve It" and Professional Development
• 00:02:10 - The Importance of Fun in the Workplace
• 00:02:46 - Defining Radical Empathy
• 00:05:24 - Radical Empathy in Leadership
• 00:08:13 - Empathy Exercise Demonstration
• 00:09:31 - The Impact of the Empathy Exercise
• 00:16:28 - Self-Love and Leadership
• 00:19:13 - The Ideal Day Exercise
• 00:24:21 - The Gap in Self-Awareness and Leadership
• 00:29:35 - Protecting Your Energy and Vibes
• 00:32:52 - The Four-Day Work Week at Improve It
• 00:36:45 - Improve It's Approach to Corporate Training
• 00:41:42 - Effective Communication Workshop Example
• 00:43:51 - The Power of Play in Workshops
• 00:45:54 - The Chicken Dance and Breaking Down Barriers
• 00:47:04 - Fire Round: Quick Personal Questions

Connect with Erin Diehl: 

Website: https://www.itserindiehl.com/

Podcast: https://podcasts.apple.com/us/podcast/improve-it-podcast-professional-development-through/id1508450538

Instagram: https://www.instagram.com/itserindiehl/

LinkedIn: https://www.linkedin.com/in/erindiehl/

Executive Skills in Tech: In the realm of career success and personal well-being, setting boundaries, managing up, and unplugging are indispensable skills. Establishing clear boundaries fosters a healthy work-life balance, preventing burnout and maintaining clarity. 

Managing up involves understanding superiors' needs and goals, fostering alignment and trust through effective communication. Unplugging, meanwhile, is vital for mental rejuvenation, enhancing productivity and overall well-being. Prioritizing these skills equips individuals to navigate the complexities of the modern workplace and lead fulfilling lives.

Risk-taking is equally crucial, pushing boundaries and opening doors to success that might otherwise remain closed. Failure, a natural byproduct of risk, serves as a valuable learning tool, fostering resilience and perseverance.

In this episode of "Tech Careers and Money Talk," host Christopher Nelson shares insights on five executive skills crucial for career success that are not typically taught in school. 

These skills were learned on the job and are essential as your career progresses. The episode was inspired by a survey conducted by Christopher's newsletter, where listeners expressed a strong interest in learning more about executive skills. 

Tune in to gain valuable knowledge on how to grow your career, build wealth, and make a significant impact in the tech industry!

In this episode, we talk about:

The Five Skills

• Setting Healthy Boundaries: It's vital to know your limits and define when you are and aren't available for work. This helps you maintain clarity and balance, ensuring you're at your best for the company.
• Managing Up: Develop strategies to align with your manager and their goals. By understanding and supporting their objectives, you can create a mutually beneficial relationship that helps you both succeed.
• Calendar/Time Blocking: Master your schedule by defensively blocking out personal time and offensively scheduling work priorities. This ensures you're focused on what's important and not overwhelmed by others' demands on your time.
• Startup and Shutdown Ritual: Implement a consistent routine to start and end your workday. This prepares you mentally for the day's tasks and helps you decompress and transition out of work mode at the end of the day.
• Unplugging Regularly: To maintain peak performance, it's essential to take breaks and step away from work. This allows your mind to rest and rejuvenate, sharpening your "axe" for the next challenge.

Episode Timeline:

• 00:00:00 - Introduction to Work-Life Balance
• 00:00:45 - Welcome to Tech Careers & Money Talk
• 00:01:07 - Executive Skills Not Taught in School
• 00:04:09 - Learning Executive Skills at Splunk
• 00:05:33 - Skill #1: Setting Healthy Boundaries
• 00:06:17 - Skill #2: Managing Up
• 00:09:50 - Skill #3: Calendar and Time Blocking
• 00:11:14 - Skill #4: Startup and Shutdown Ritual
• 00:12:06 - Skill #5: Unplugging Your Mind
• 00:15:05 - The Importance of Unplugging
• 00:18:10 - Real-World Application of Executive Skills
• 00:21:07 - Offensive and Defensive Calendar Blocking
• 00:23:26 - The Power of Startup and Shutdown Rituals
• 00:26:28 - Unplugging for Career Progression
• 00:28:23 - Benefits of Executive Skills
• 00:32:40 - Implementing Executive Skills Today
• 00:33:02 - Part Two: Practical Steps to Executive Skills
• 00:36:02 - Setting Boundaries: Actionable Steps
• 00:36:44 - Managing Up: Getting Started
• 00:38:09 - Calendar Management: Time Blocking Tips
• 00:40:47 - Workday Rituals: Startup and Shutdown
• 00:43:05 - The Shutdown Ritual Explained
• 00:45:12 - Morning Startup Ritual for Success
• 00:46:05 - Opting Out of Unnecessary Meetings

Connect with Christopher Nelson on LinkedIn: 

https://www.linkedin.com/in/christophercnelson/

In this episode of Tech Careers in Money Talk, Maya Grossman, an executive coach, shares insights on breaking through to executive roles. She emphasizes the importance of taking ownership of your career and avoiding common pitfalls that hinder career advancement. 

Maya's personal experience highlights the shift from hard work to strategic growth for reaching leadership positions. 

Maya's personal journey from burnout to landing VP roles at major companies like Google and Microsoft was nothing short of inspiring. She generously detailed the top three mistakes that often hinder professionals from securing executive positions: working harder instead of smarter, avoiding workplace politics, and succumbing to imposter syndrome.

The episode concluded with actionable advice for listeners to become the CEOs of their careers. Maya's "startup system" for career growth encapsulates the essence of strategic thinking, advocacy, reputation management, achievement documentation, and presenting a business case for promotion.

Tune in to learn how to navigate your career towards success and fulfillment!

In this episode, we talk about:

• Taking Strategic Action - This involves understanding what the next level requires and focusing on meaningful and impactful actions rather than simply working harder. By strategically planning your career moves, you can avoid wasting time on activities that do not contribute to your advancement.
• Building Relationships - By fostering positive relationships with key stakeholders and colleagues, you increase your chances of receiving endorsements and recommendations for advancement opportunities.
• Managing Reputation - Maya points out that being known as the "get things done" person may not necessarily align with the executive material image. Managing your reputation involves showcasing leadership qualities, strategic thinking, and the ability to operate at a higher level before actually attaining the title.
• Showcasing Achievements - Maya stresses the importance of not only meeting expectations in your current role but also exceeding them and showcasing your ability to operate at the next level. Keeping a record of your accomplishments and successes can provide tangible evidence of your readiness for promotion.
• Presenting a Business Case - Maya explains that promotion decisions are business decisions, and you need to showcase how your advancement will bring value to the organization. By presenting a clear and persuasive argument for why you deserve the promotion and how it will benefit the company, you increase your chances of success.

Episode Timeline:

• [00:02:17] Mistakes in career advancement.
• [00:04:09] Overcoming self-doubt and career growth.
• [00:10:04] The power of informational interviews.
• [00:15:06] Career progression and opportunities.
• [00:18:06] Seizing Career Opportunities
• [00:21:11] Creating Opportunities for Growth.
• [00:23:52] Thinking like an entrepreneur.
• [00:27:30] Key skills for career success.
• [00:33:18] Building a brag list.
• [00:37:18] The startup system.
• [00:42:23] Strategic career advancement.
• [00:44:38] Promotion based on seniority vs. skills.

Connect with Maya Grossman on LinkedIn: 

https://www.mayagrossman.com/

https://www.instagram.com/maya.grosmn/

https://www.linkedin.com/in/mayagrossman/

Building a Strong Team through intentional networking is a powerful tool for building career success. By strategically assembling a team of mentors, mentees, peers, opportunity creators, and innovators/challengers, individuals can create a supportive network that guides them towards their career goals. 

Embracing reciprocity, seeking balance in the team, establishing standards and metrics, understanding dual roles, and fostering positivity and support are essential components of intentional networking. 

Through intentional networking, individuals can enhance their career development, expand their opportunities, and achieve long-term success in their professional endeavors.

In this episode of "Tech Careers in Money Talk," host Christopher Nelson shares his unique approach to networking called the Career Cadre. Born out of personal challenges in his career, the Career Cadre method aims to revamp traditional networking strategies that often fall short. 

Nelson emphasizes the importance of building a strong network and offers insights on how to navigate the world of networking effectively. 

In this episode, we talk about:

• Reciprocity: The first rule highlighted in the episode is the principle of reciprocity. The speaker emphasizes the importance of giving and receiving in equal measure within the career cadre. By investing time, effort, and support into the network, individuals can expect to receive valuable guidance, opportunities, and feedback in return. This mutual exchange forms the foundation of a successful career cadre.
• Balance: Another crucial rule is the need for balance within the career cadre. It is essential to maintain a diverse mix of roles, including mentors, mentees, peers, opportunity creators, and innovators/challengers. Balancing these roles ensures that individuals have access to a wide range of perspectives, support, and opportunities within their network.
• Embracing Abundance Theory: The episode encourages listeners to adopt an abundance mindset when building their career cadre. This mindset involves believing that there are ample opportunities, resources, and connections available for growth and development. By embracing abundance, individuals can approach networking with optimism, openness, and a willingness to explore new possibilities.
• Establishing Standards and Metrics: Setting clear standards and metrics within the career cadre is essential for tracking progress and ensuring accountability. By establishing specific criteria for success, individuals can measure the effectiveness of their networking efforts, identify areas for improvement, and maintain a high level of performance within the team.
• Understanding Dual Roles: The episode emphasizes the concept of dual roles within the career cadre. Individuals are not only recipients of support and guidance but also contributors to the success of others. Understanding and embracing these dual roles allows for a more dynamic and mutually beneficial networking environment where everyone has the opportunity to learn, grow, and support each other.
• Ensuring Positivity and Support: Lastly, the rule of ensuring positivity and support underscores the importance of creating a supportive and encouraging atmosphere within the career cadre. By fostering a positive environment where members uplift and motivate each other, individuals can cultivate strong relationships, build trust, and navigate challenges together effectively.

Episode Timeline:

[00:00:31] Networking challenges and solutions.

[00:03:41] Building a career cadre.

[00:09:35] Building intentional career teams.

[00:11:43] Building with intention and clarity.

[00:17:48] Mentees are critical for growth.

[00:22:35] Opportunity creators.

[00:23:49] Building relationships for career growth.

[00:27:01] Rules of engagement.

[00:33:44] Establishing standards and metrics.

[00:35:18] Dual roles in career development.

[00:39:01] Building professional relationships.

Connect with Christopher Nelson on LinkedIn: 

https://www.linkedin.com/in/christophercnelson/

Cash Flow Portfolio? Diversifying wealth through fund managers is a prudent strategy for preserving and growing wealth. By leveraging the expertise of skilled professionals and accessing a variety of investment opportunities, individuals can mitigate risks and optimize returns. 

Accredited investors, in particular, have the advantage of investing in exclusive offerings, such as cash-flowing private equity in real estate. Ultimately, diversification through fund managers allows individuals to build a robust and resilient portfolio that aligns with their financial goals and risk tolerance.

In this episode of Tech Careers and Money Talk, host Christopher Nelson is joined by Pascal Wagner, a former venture capital investor who now helps accredited investors invest in passive income producing real estate. They discussed the importance of diversification in building and preserving wealth, as well as the journey of transitioning from tech investing to income investing.

If you're interested in learning how to grow your career, build wealth, and reach your financial goals, this episode is for you. Don't forget to leave a review on Apple, Spotify, or your preferred podcast platform if you enjoy the show!

In this episode, we talk about:

• Wealth Building vs. Wealth Preservation: The episode kicks off with a powerful statement: "You build wealth through concentration and you preserve wealth through diversification." This sets the stage for a conversation about the transition from aggressive growth strategies to more conservative, diversified approaches as one's net worth increases.
• Pascal's Personal Experience: Pascal shares his personal story of investing $100,000 in Tesla 10 years ago, which ballooned to over $1.5 million. Coupled with the responsibility of managing his late father's estate, Pascal faced the need to diversify and protect his wealth.
• The Skill of Money Management: Both Pascal and I emphasize the importance of learning how to manage money as a critical skill for wealth preservation. We discuss the need for a portfolio thesis and the importance of understanding macroeconomics to make informed investment decisions.
• Investment Strategies: We delve into the concept of having a 50-50 strategy for your portfolio, balancing growth and income, and further segmenting into low and high-risk quadrants. This approach allows for flexibility and strategic allocation of capital based on personal financial goals.
• Selecting the Right Operators: A significant portion of the episode is dedicated to the importance of choosing the right operators or fund managers to invest with. We stress the value of experience, track record, and alignment with personal investment principles.
• Diversification and Risk Management: We touch on the dangers of over-concentration in a single investment and the importance of diversifying not just across asset classes but also operators and geographies.
• Community and Mentorship: Both Pascal and I highlight the benefits of being part of a community or having mentors to navigate the complexities of investing and wealth management.

Episode Timeline:

[00:00:10] Tesla stock and wealth growth.

[00:07:27] Investing with other people.

[00:10:09] Transitioning to limited partner opportunities.

[00:13:06] Asset allocation strategies.

[00:17:25] What do you want from your money?

[00:22:22] Fear of investing in Tesla.

[00:25:46] A life-changing financial moment.

[00:29:26] Sudden Wealth Syndrome

[00:34:04] Different types of real estate investments.

[00:38:00] Diversification and money management.

[00:42:23] Lowering risk through existing portfolios.

[00:45:43] Real estate experience matters.

[00:50:49] Buy a business.

Connect with Pascal Wagner: 

http://growyourcashflow.io

https://twitter.com/https://twitter.com/PascalWagner1

https://www.instagram.com/pascalwagner

https://www.facebook.com/pascal.wagner1/

https://www.youtube.com/@pascalwagner

https://www.linkedin.com/in/pascalwagner/

https://www.tiktok.com/@pascal.wagner

Executive recruiters are valuable advocates for professionals looking to advance their careers. These recruiters, also known as executive search professionals, specialize in finding and placing top-level executives in organizations. 

They play a crucial role in connecting talented individuals with the right opportunities and helping them navigate the complexities of the job market.

One of the key benefits of working with an executive recruiter is their deep industry knowledge and expertise. They have a wealth of experience in their respective fields and understand the nuances of different industries and roles. 

This knowledge allows them to identify the best candidates for specific positions and advise both candidates and clients on the ideal fit.

In this episode of Tech Careers and Money Talk, host Christopher Nelson interviews Sam Wholley and discusses two important topics: working with executive recruiters and the future of AI in the workplace.

 Learn how to leverage their expertise and navigate the evolving technological landscape to grow your career, build wealth, and achieve your goals!

In this episode, we talk about:

• Executive Search vs. Specialized Search: Executive search is about bringing in leaders who can change the DNA of a company, while specialized search might focus on niche roles like quant researchers for hedge funds.
• The Role of LinkedIn: Your LinkedIn profile is essentially your new resume. It should be clean, succinct, and highlight quantifiable achievements.
• Building Relationships: It's crucial to develop relationships with executive recruiters, even if you're not currently an executive. They can provide valuable advice and help you understand the trajectory of your career.
• Feedback and Growth: Executive recruiters can offer constructive feedback that can be instrumental in your career development. Be open to receiving and acting on this feedback.
• AI as an Enabler: AI is expected to make jobs more productive and creative, but it will require us to enhance our critical thinking and communication skills.
• Understanding AI's Role: It's important to understand how AI can make your job more efficient and what unique contributions you can make that AI cannot replicate.
• Reskilling for AI: For those not directly involved in AI product development, it's about understanding how to apply AI within your functional expertise to improve business outcomes.
• Business Acumen: With the rise of AI, having a strong grasp of business fundamentals and use cases is more important than ever.

Episode Timeline:

Introduction to Executive Search

00:00:00 - Welcome and Topics Overview

00:01:24 - Role of Executive Recruiters and AI

00:04:01 - Defining Executive and Specialized Search

00:08:17 - Leveraging Executive Search for Career Growth

00:09:08 - Advice for Aspiring Executives

Navigating the AI Landscape

00:23:08 - The Role of AI in the Workplace

00:25:21 - Communicating AI Proficiency in Job Searches

00:27:10 - AI in Executive Search

00:30:16 - Opportunities to Reskill for AI Roles

00:36:19 - Identifying AI Opportunities

Future of AI in Business

00:35:01 - The 'Why' Behind AI in Your Job

00:40:01 - The Future of AI in Business and Society

Connect with Sam Wolley:

https://www.samwholley.com

https://twitter.com/SamWholley

Description

In this episode, Christopher Nelson discusses the importance of fee only financial advisors for technology employees. He interviews Max Pashman, who left a larger industrial shop to serve technology employees and sales professionals with equity compensation.

They discuss the benefits of fee only advisors and how they provide great planning services. In the second half of the episode, Nelson highlights five common mistakes that technology employees make with their equity and finances, providing valuable insights to help listeners avoid these pitfalls. Tune in to gain valuable knowledge and make informed financial decisions!

In this episode, we talk about:

• The Shift to Fee-Only Advising: We discuss the benefits of working with fee-only advisors, including the trust and transparency they offer compared to traditional fee-based models. Max explains the different fee structures available and how they align with client needs.
• Common Equity Mistakes: We outline five major mistakes tech employees make with their equity:
• No Plan for Equity: Many fail to have a strategy for their equity compensation, leading to missed opportunities and potential tax pitfalls.
• Lack of Tax Professional: Without a tax advisor, tech employees may not optimize their equity for tax efficiency.
• No Divestiture or Diversification Plan: Holding too much company stock can be risky. A plan to diversify is crucial.
• No Emergency Planning: Not having an emergency fund or insurance can leave employees vulnerable to unexpected financial shocks.
• No Financial Goals or Independence Plan: Without clear financial goals, achieving financial independence can be more challenging.
• The Importance of Planning: Max emphasizes the importance of having a clear plan for equity compensation and how it fits into one's overall financial goals. He also stresses the need for ongoing financial planning to adapt to life's changes.
• The Emotional Aspect of Financial Planning: We touch on the emotional relief clients feel when they have a clear financial plan and the stress associated with managing sudden wealth, such as post-IPO.
• Choosing the Right Equity: I advise listeners to consider the type of equity compensation they want when choosing an employer, as it should align with their financial plan and goals.
• The Role of a Financial Advisor: Max and I discuss how a good financial advisor can help navigate the complexities of equity compensation, tax planning, and diversification to preserve and grow wealth.

Episode Timeline:

[00:00:47] Financial advisors and mistakes.

[00:06:03] Underserved high earners and wealth building.

[00:08:37] Fee-based vs fee-only model.

[00:14:09] Fee-only financial advisor models.

[00:16:14] Building a comprehensive financial plan.

[00:21:55] The relief of financial stress.

[00:26:23] IPO day and stock excitement.

[00:27:48] The fear of screwing up.

[00:32:23] Concentrated positions and equity.

[00:36:00] Investing questions and timing.

[00:40:02] Organizing equity vesting schedules.

[00:43:37] Risk of single stock investments.

[00:49:01] No emergency plan.

[00:53:41] Importance of emergency funds.

[00:55:18] Financial independence and retirement.

[01:00:29] Shaping financial independence desires.

[01:03:00] Keeping it simple in investing.

[01:07:18] Contacting Max for more information.

Connect with Max Pashman: 

• https://www.pashmanfinancial.com/
• https://www.linkedin.com/in/maxpashman/
• https://twitter.com/maxpashman

How do you build an effective PORTFOLIO INVESTMENT STRATEGY? 

Effective communication serves as a bridge between individuals, enabling the exchange of thoughts, ideas, and emotions. By actively listening to others, we can gain valuable insights, challenge our own perspectives, and foster a sense of empathy. Through clear and concise communication, we can ensure our message is accurately conveyed, reducing misunderstandings and promoting harmony.

By openly expressing thoughts and feelings, individuals can establish a foundation of trust, fostering stronger connections. Moreover, effective communication enables the resolution of conflicts through constructive dialogue, leading to mutually beneficial outcomes. Strong relationships built on effective communication form the bedrock of successful personal and professional lives.

In this episode of Tech Careers and Money Talk, host Christopher Nelson discusses the concept of the Evergreen Portfolio. He explains that by treating your investments like a business and giving them a purpose and direction, you can achieve financial independence and stability for both your current and future generations. 

This episode is part of a series on the four pillars of Nelson's teaching, which include expertise, entrepreneurship, investing, and exit strategies. 

In this episode, we talk about:

• Evergreen Portfolio: A strategic approach to managing your investments like a business, ensuring financial stability for your family now and for future generations.
• Four Pillars: This episode is part of my "Equity to Exit" series, which includes four main pillars: Expertise, Equity, Evergreen Portfolio, and Exit Plan.
• Mindset Shift: Treat your investment portfolio as a legacy wealth business, not just money management. Brand it, give it a mission, and act as the CEO.
• 50-50 Portfolio: My investment thesis involves a balanced approach with 50% growth assets and 50% income-generating assets.
• Risk Management: Diversification and careful investment selection are crucial for managing risk and ensuring the portfolio can withstand market fluctuations.
• Continuous Learning: Building wealth through an evergreen portfolio is a journey that requires education, networking, and a willingness to adapt strategies over time.

Episode Timeline:

00:00:00 - Introduction to Financial Independence

00:00:32 - Podcast Welcome and Focus

00:01:04 - Evergreen Portfolio Discussion

00:01:36 - Equity to Exit Teaching Pillars

00:02:08 - Building Expertise

00:02:29 - Equity as a Technology Employee

00:02:51 - Introducing the Evergreen Portfolio

00:03:12 - Upcoming Exit Plan Pillar

00:03:23 - Importance for Tech Employees

00:03:55 - Portfolio as Future Income Source

00:04:48 - Work Becomes Purposeful

00:05:19 - Transparent Conversations on Finance

00:06:03 - Financially Savvy Tech Employees

00:06:14 - Mindset of Portfolio as a Business

00:07:07 - Real Wealth Examples

00:07:18 - Portfolio Thesis Breakdown

00:07:28 - Reasons People Fail with Portfolios

00:08:33 - Traditional Wealth Management Limitations

00:09:06 - Open Conversations on Wealth

00:09:49 - Learning to Manage a Large Portfolio

00:10:20 - Private Equity and Real Wealth

00:11:03 - Learning from Ultra High Net Worth Individuals

00:11:46 - Private Equity Insights

00:12:42 - Tiger 21 Asset Allocation Report

00:13:10 - Building a Portfolio Like Ultra High Net Worth Individuals

00:13:56 - Shrinking Public Markets

00:14:25 - Education on Private Equity

00:15:08 - Personal Journey to Evergreen Portfolio

00:16:00 - Disappointment with Traditional Wealth Managers

00:16:43 - Realization of Private Equity Importance

00:17:16 - Learning from Successful Wealth Builders

00:18:09 - Personal Investment Failures and Lessons

00:19:00 - Post-IPO Wealth Management Realizations

00:19:54 - Tiger 21 and Private Investment Clubs

00:20:53 - The Truth About Building Wealth

00:21:16 - Portfolio as a Legacy Wealth Business

00:21:56 - The 50-50 Portfolio Concept

00:22:22 - High Net Worth Investment Strategies

00:23:03 - Private Equity and Asymmetric Returns

00:23:44 - Building a Network and Learning from Others

00:24:28 - The Reality of Managing a Portfolio

00:25:10 - The Importance of a Portfolio Business Entity

00:25:52 - Breakdown of Portfolio Management Mindset

00:26:13 - Branding the Portfolio as a Legacy

00:26:58 - Establishing Vision and Mission

00:27:16 - Becoming the CEO of Your Portfolio

00:27:42 - Defining Business Functions and Services

00:28:03 - Managing the Portfolio as a Business

00:28:44 - Operating the Portfolio as a Closed System

00:29:18 - The Importance of Discipline in Portfolio Growth

00:29:59 - Transitioning to an Open System Portfolio

00:30:21 - Treating the Portfolio as a Business

00:30:49 - Learning and Growing the Portfolio

00:31:03 - Portfolio Investment Thesis Introduction

00:31:24 - The 50-50 Portfolio Allocation Strategy

00:32:06 - Risk Management and Diversification

00:32:27 - Investment Selection Criteria

00:32:49 - Monitoring and Rebalancing the Portfolio

00:33:10 - Closing Thoughts on Portfolio Management

Connect with Christopher Nelson on LinkedIn: 

https://www.linkedin.com/in/christophercnelson/

Your career capital is a combination of your education, experience, and the results you've delivered. It's essential to continuously develop this capital to position yourself for better equity negotiations.

By following the career capital playbook and the three I's, you can systematically develop your skills to the level of expertise.

This approach will not only enhance your career but also unlock wealth and opportunities across disciplines. The key to negotiating for more equity lies in your ability to articulate your value compellingly.

In this episode of Tech Careers and Money Talk, host Christopher Nelson breaks down the career capital playbook that will empower you to leverage your expertise and negotiate for more equity.

Discover the three pillars of the equity to exit framework and learn how developing expertise can lead to more freedom and opportunities. 

In this episode, we talk about:

• Career Capital Overview
• Skill Development for Career Success
• Importance of Education in Career Capital
• Three-Step Framework for Career Capital
• Expertise as a Pillar for Wealth
• Example of Success through Expertise
• Systematic Skill Development for Wealth
• Importance of Engaging Storytelling
• Highlighting Interactions and Impact
• Quantifying Results in Job Market
• Overall Message

Episode Timeline:

[00:00:00] Negotiating for more equity.

[00:05:20] Developing expertise through education.

[00:07:28] Skill set inventory and assessment.

[00:11:13] Inventorying your career accomplishments.

[00:15:41] Self-assessment and skill evaluation.

[00:19:23] Invest and test.

[00:23:49] Executive coaching and skill development.

[00:26:38] Illustrate and describe.

[00:30:29] Quantifying achievements in resumes.

[00:34:02] Quantifiable results and career story.

[00:37:02] Moving skills to expertise.

Resources:

• Click Here to Access your Career Capital Log for 2023
• Video Walkthrough of Career Capital Log
• https://www.techcareersandmoneynews.com/p/tcmn-7-mastering-tech-career-unleash-worth-2024

Connect with Christopher Nelson on LinkedIn: 

https://www.linkedin.com/in/christophercnelson/

Career Development: Test and invest in skills is about compounding the skills learned in one's career, applying them, learning from them, and then refining them through each new experience. The key to this approach is that there is no limit to how much one can learn and grow, but it is dependent on the risk they are willing to take and what excites them about their job or opportunity.

In this episode, podcast host Christopher Nelson continues his conversation with Bart Finelli, the founder of Skillibrium . They discuss the importance of investing in and testing the skills you've learned in your career to build expertise. Bart shares his journey from working in sales enablement to starting his own company, and emphasizes the value of building a personal brand and telling your story. 

They also touch on the role of generative AI in the workplace and the importance of emotional intelligence in career success. Bart encourages tech employees to punch above their weight class, immerse themselves in learning, and be bold in advocating for themselves. He also shares his love for music as a way to recharge. Overall, the episode provides valuable insights and advice for tech professionals looking to grow their careers and build their own businesses.

Learn how to turn your skills into expertise and start your own business in the tech industry. Check out our latest podcast episode!

In this episode, we talk about:

• Compounding skills over time
• Applying, learning, refining through experience
• Excitement about job roles and opportunities
• Financially focused technology employees
• Equity, career, money strategies, tactics
• Growing wealth and achieving lifestyle goals
• Working for other companies, continuous learning, and growth
• Inflection point in building a company
• Stories from Bart's experience, including Splunk
• Concept, discipline, skill, expertise in starting a company
• Founder's background in technical reading and creating
• Learning and value selling in the career

Episode Timeline:

[00:00:00] Test and invest is compounding.

[00:02:45] Founders and skill development.

[00:06:13] Cataloging ideas and progressions.

[00:09:57] The core go-to-market engine.

[00:14:06] Business-focused technology roles.

[00:17:46] The evolution of Skillibrium .

[00:20:35] Creating to Give

[00:26:07] Relationships and Learning from Others.

[00:29:08] Telling your story and personal brand promotion.

[00:31:30] Continuous learning and career growth.

[00:35:39] The concept of retirement.

[00:38:43] Punching above your weight.

[00:43:29] Emotional intelligence or awareness.

Connect with Bart Fanelli

https://www.linkedin.com/in/bartfanelli/

https://www.Skillibrium.com

Trading for Equity: Investing in building skills to the level of expertise can set you apart in your career, leading to promotions and higher wages. 

In this podcast episode, the host interviews Bart Fanelli, the founder and CEO of Skillibrium, a skill-building platform for SaaS sales teams. Bart shares his journey of developing expertise in selling complex SaaS software and how he transitioned from being a successful salesperson to teaching others to sell. He discusses the importance of investing in oneself and building a set of skills to the level of expertise, which can set individuals apart in the technology industry. Bart also highlights the value of collaboration and surrounding oneself with great people.

By creating a unique practice and expertise in value selling, they have been able to build a successful business and write a book. They emphasize that regardless of your role, it is crucial to have measurable metrics and be able to articulate the outcomes and value of your work. This not only helps in building a personal brand but also in demonstrating the impact you have made in your field. 

Bart also mentioned that by focusing on revenue generation and running the revenue engine with discipline and an understanding of customer needs, they were able to achieve accelerated growth and success in their company. This highlights the importance of tracking and discussing the results of your work in driving business success.

Join host Christopher Nelson as he interviews Bart Fanelli, founder and CEO of Skillibrium, on how he turned his expertise in selling SaaS software into a successful business. Tune in now!

In this episode, we talk about:

• Building expertise in a specific skill is crucial for career advancement, promotions, and increased compensation.
• The podcast underscores the significance of investing in oneself and continuously learning for professional development.
• Attaining expertise in a set of skills can differentiate individuals in their careers, leading to promotions, higher wages, and more opportunities.
• Bart fanelli's personal experience in selling complex SaaS software highlights how dedicating time and effort to skill development can lead to promotions and entrepreneurial opportunities.
• Developing expertise helps in creating a strong personal brand, resulting in increased recognition, speaking engagements, consulting opportunities, and the potential to build a business around one's skills.
• Professional development is portrayed as a continuous journey of learning and growth, not a linear path.
• Education extends beyond formal college education and includes learning from experiences within a company, adapting to different company cultures, and shaping oneself based on those experiences.
• Progressing in a career involves accumulating inputs and lessons from different companies, acknowledging their strengths and weaknesses, and incorporating these learnings into one's professional identity.
• The concept of adaptability within a company, adjusting to changes in culture and leadership, is essential for long-term success.
• Recognizing when a company no longer aligns with one's values is crucial, signaling the need to move on and find an organization that better represents personal values.

Episode Timeline:

• 00:00:00 - Introduction and Background
• 00:02:40 - Transition to Interview with Bart fanelli
• 00:03:59 - Value of Building Skills to Expertise
• 00:06:33 - Importance of Learning and Adapting in Different Roles
• 00:10:53 - Transition to Discussing Value Selling at Splunk
• 00:12:57 - Importance of Understanding Company Culture and Values
• 00:15:10 - Success of Value Selling at Splunk
• 00:17:48 - Importance of Alignment and Chameleon-like Adaptability
• 00:19:09 - The Power of Narrating and Advocating for the Company
• 00:20:02 - The Role of Operational Mindset and Coaching in Success
• 00:22:24 - Metrics and Results of Value Selling at Splunk
• 00:23:39 - The Role of Doug May and David Jenkins in Value Selling
• 00:30:43 - Transition to Discussing Value Selling at OutSystems
• 00:31:35 - Importance of Building and Protecting Intellectual Property
• 00:33:36 - Scaling Value Selling at OutSystems
• 00:36:33 - Lessons Learned and ROI of Building an Asset

Connect with Bart Fanelli

https://www.linkedin.com/in/bartfanelli/

https://www.Skillibrium.com

In this episode of Tech Careers and Money Talk, host Christopher Nelson discusses the importance of expertise in building a successful career in the technology industry. He emphasizes that employees should focus on developing skills that can be traded for equity in order to build wealth. 

Building expertise is crucial for technology employees to succeed and achieve their financial goals. This episode emphasizes the constant growth and change within technology companies. In order to demonstrate value and secure opportunities for growth and financial success, employees must be able to articulate their expertise and the results they have achieved. 

Expertise is described as the foundation of career capital, which includes education, experience, and results. By continuously building and investing in their skills, employees can become known for their expertise and trade it for equity or other financial opportunities.

Christopher shares personal experiences and examples of individuals who have leveraged their expertise to achieve financial independence and freedom. He also highlights the need for technology employees to effectively articulate their skills and the results they have achieved in order to demonstrate their value to potential employers. This episode is part one of a two-part series on expertise, with the next episode focusing on how to assess, manage, and communicate expertise effectively.

If you're looking to grow your career, build wealth, and reach your financial goals in the technology industry, this episode is a must-listen. Tune in now and start harnessing the power of expertise.

In this episode we talked about:

• Building expertise is crucial for success and financial goals in the technology industry.
• Employees need to continuously invest in and build their skills to become known for their expertise.
• Examples like Frank Slootman (Snowflake CEO) and Darren Murph (Head of Remote at GitLab) highlight leveraging expertise for significant compensation and geographical freedom.
• Education provides foundational knowledge, while experience involves applying knowledge in real-world settings.
• Building expertise is an ongoing process involving continuous learning, gaining experiences, and consistently delivering results.
• Expertise gives leverage in negotiating compensation packages, including competitive salaries, bonuses, and equity.
• Remote work enables a better work-life balance, travel opportunities, and the freedom to choose a preferred location.
• Investing in career capital and continuous skill development is crucial for long-term success in the technology industry.

Episode Timeline:

00:00:00 - Introduction to Presenting Value in Tech Interviews

00:01:24 - The Importance of Expertise in Tech Careers

00:03:10 - Defining Expertise and Building Career Capital

00:06:45 - The Role of Equity in Tech Companies

00:08:20 - The Four Pillars: From Equity to Exit Framework

00:11:35 - Education, Experience, and Results Triangle

00:14:50 - Personal Story: Realizing the Value of Expertise

00:18:30 - Leveraging Expertise for Career Advancement

00:21:15 - Break and Introduction to Tangible Examples

00:22:05 - High-Level Executives and Their Expertise Compensation

00:24:40 - Examples of Leveraging Expertise for Freedom and Security

00:27:55 - Personal Example: Transitioning to Private Equity

00:30:10 - Common Failures in Managing Career Capital

00:32:35 - Wake Up Call: You Are the Asset

00:34:50 - Preview of Next Episode and Closing Remarks

00:36:00 - Contact Information and Subscription Details