#51. How to make your New Year's resolutions a reality.

12/01/20 • 54 min

In this episode, Aaron and Trishul discuss New Year's resolutions. Well, not exactly. They relate how self-improvement doesn't need to coincide with an arbitrary date. They then go over different strategies to help nudge you towards sustainable habits, such as focusing on small incremental improvements and compounding, tracking your progress, and giving yourself eight times longer to accomplish a goal. Success has more to do with discipline than motivation. So once you've made the commitment, keep at it just for the sake of doing it. After eight years, you will look up and be impressed by the progress you have made.
Episode References
MMS #17. How to take advantage of your lazy brain.
New Year's Resolution
Tips for Keeping New Year's Resolutions
New Year's Resolution Ideas
Train the Brain
College students not getting enough sleep
Sleep Hygiene
Outdoors
Compound Interest
Podcast Description
Welcome 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.

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#50. Getting married? This hidden strategy could pay for your honeymoon.

2020 has created a unique situation for engaged couples. Given social distancing concerns, many have decided to postpone their weddings. But if your relationship is ready, would you be better off getting married this year anyway? In this episode, Trishul and Aaron explore the intersection of tax planning and getting married. They discuss the impact of different tax brackets, the marriage incentive or marriage penalty, and community property versus separate property states. They then highlight estate planning concerns, which can also depend on where you live. Your relationship should still be the defining factor in whether to get married. But it is worth understanding some vital tax effects beforehand. With solid planning, you might even save enough to cover the cost of your honeymoon.
Episode References
MMS #32. These estate planning tips can save you big time.
Why does the government incentivize marriage?
Marriage Tax Changes
Investopedia - What to consider before marrying
Investopedia - Prenup
Community vs. Separate Property
Tenants In Common
MacKenzie Scott - World's richest woman
Tax Brackets
Podcast Description
Welcome 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.