The Mind Money Spectrum Podcast

#49. Gift like a Pro. Don't let the Tax Man steal your holiday cheer.

November 17, 2020 Aaron Agte and Trishul Patel Season 1 Episode 49
The Mind Money Spectrum Podcast
#49. Gift like a Pro. Don't let the Tax Man steal your holiday cheer.
Chapters
The Mind Money Spectrum Podcast
#49. Gift like a Pro. Don't let the Tax Man steal your holiday cheer.
Nov 17, 2020 Season 1 Episode 49
Aaron Agte and Trishul Patel

In this episode, Aaron and Trishul apply previous conversations about happiness and well-being to the upcoming holidays. Being conscious and aware of the things that provide happiness OR the things that create stress can help you focus on ways to increase the former and decrease the latter. They reminisce over holiday nostalgia. They discuss the impact of expectations and the need to get creative for the 2020 holiday season. Prioritizing time over money is a big theme in increasing happiness for both the gifter and the giftee. And because they just couldn't help themselves, they discuss Qualified Charitable Distributions and gifting appreciated stock to charities.

Episode References

MMS #32. These estate planning tips can save you big time.
Investing Forever - Wills and Trusts: How are they different?
WebMD - Holidays Stress Tips
Mayo Clinic - Stress Management
Americans Spend Generously
Financial Stress and Traditions
Holiday Spending Report
QCD - Qualified Charitable Distribution
Gift Tax Calculation
Gifting Stocks
CamelCamelCamel - Amzon Price Tracker
Black Friday
Adam Smith
CARES Act

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.

Show Notes

In this episode, Aaron and Trishul apply previous conversations about happiness and well-being to the upcoming holidays. Being conscious and aware of the things that provide happiness OR the things that create stress can help you focus on ways to increase the former and decrease the latter. They reminisce over holiday nostalgia. They discuss the impact of expectations and the need to get creative for the 2020 holiday season. Prioritizing time over money is a big theme in increasing happiness for both the gifter and the giftee. And because they just couldn't help themselves, they discuss Qualified Charitable Distributions and gifting appreciated stock to charities.

Episode References

MMS #32. These estate planning tips can save you big time.
Investing Forever - Wills and Trusts: How are they different?
WebMD - Holidays Stress Tips
Mayo Clinic - Stress Management
Americans Spend Generously
Financial Stress and Traditions
Holiday Spending Report
QCD - Qualified Charitable Distribution
Gift Tax Calculation
Gifting Stocks
CamelCamelCamel - Amzon Price Tracker
Black Friday
Adam Smith
CARES Act

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.