Money Management – Own Your Wealth

The Five Powerful Uses of Money: Leveraging Debt and Taxes to Your Best Benefit (Ep.12)

By Own-Your-Wealth | September 5, 2023

At first glance, debt and taxes may seem like two of the least empowering uses of money. After all, both functions can get in the way of your financial plan, if you’re not careful. But what if our understanding of debt and taxes is built on a handful of misconceptions?

In this episode of Own Your Wealth, host Jason and special guest Zach Carver, CPA, CFP®, discuss the good, the bad, and the timely aspects of owing money. From timing your taxes to optimize your savings, to differentiating between good and bad debt, this conversation offers actionable insights worth considering today.

Listen now for:

‘Good debt’ vs. ‘bad debt’—and why good debt can sour
The advantages of minimizing your tax return
How timing your expenses can positively impact your taxes
When reducing your taxes can come back to bite you
And more

Connect with Zach Carver CPA, CFP®:

Zach Carver

Resources:

Connect with Jason:

Linkedin: Jason Deshayes

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The Five Powerful Uses of Money: To Give, Live, Grow, Owe, and Cover Taxes (Ep. 10)

By Own-Your-Wealth | August 8, 2023

Every person has the opportunity to put their wealth towards 5 key things: Living, growing, giving, owing, and taxes. You can think of these 5 uses as forming your own ‘money pie’—one you can slice any way you like, as you allocate more or less funds to each area.

The first step towards making your finances work for you is being intentional about how you slice the pie, and which financial habits you prioritize. Because how you spend your money, in many ways, is how you spend your life.

In this episode, Jason covers:

The role each money function plays in your financial plan
How to re-slice your ‘money pie’
The one slice many people struggle to control
Managing good, bad, and ‘okay’ debt
Why charitable giving is different from generosity
And more