logo
episode-header-image
Apr 2022
39m 40s

372 | Can I Get an Extension, Please?

ChooseFI
About this episode

It's officially tax season! In this week's episode, Brad and Jonathan discuss tax extensions and share some of their experiences paying taxes in the past. No matter what walk of life you are in, at the end of the day we all have to pay taxes. As members of the FI community, we should do our best to stay calm and tackle the task!

Timestamps

  • 1:10 - Introductions
  • 1:55 - Daylight Savings
  • 5:18 - Viral Nightmare Tax Scenario
  • 11:36 - Putting Aside Taxes
  • 20:39 - Extensions
  • 26:32 - The Not Genius Move
  • 31:17 - Larger Than Expected Tax Bills
  • 34:30 - Small Business and Side Hustles
  • 37:53 - Conclusion

Resources Mentioned In Today’s Conversation

If You Want To Support ChooseFI:

Up next
Jul 7
From Poverty to Semi-Retired | Kristen Knapp | Ep 554
Kristen Knapp shares her journey from a childhood marked by poverty to achieving financial independence and transitioning to part-time work as a television meteorologist. She introduces her new venture, FI Friends Travel, a travel initiative that connects financial independence e ... Show More
58m 59s
Jun 30
Deep Dive: Putting the Middle-Class Trap to Bed | Ep 553
Cody Garrett, (CFP), joins Brad to discuss the pervasive myth of the middle-class trap in the financial independence (FI) community. Through four case studies, they illustrate how individuals often feel trapped financially due to psychological barriers rather than actual limitati ... Show More
1h 6m
Jun 23
Unraveling Your Relationship with Money | Shannah Game | Ep 552
Brad chats with certified financial planner Shannah Game, who shares insights from her book Unraveling Your Relationship with Money. They discuss the emotional and psychological aspects of finance, emphasizing the importance of understanding one's money stories, setting intention ... Show More
52m 2s
Recommended Episodes
Aug 2023
Tax Considerations in M&A
Lesley Adamo, Vice Chair of the Tax Group at Lowenstein Sandler LLP, The intricacies of tax considerations in a merger or acquisition (M&A) transaction cannot be overstated. These considerations play a crucial role in shaping the overall economics and structure of the deal and ca ... Show More
56m 23s
Jun 2024
10 Tips to Optimize Taxes When You Retire Early
In this episode of the Personal Finance Podcast, we are going to talk about the 10 tips to optimize taxes when you retire early. How Andrew Can Help You: Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathwa ... Show More
36m 21s
Jun 2023
Should You Contribute to a Roth IRA or Pre-Tax as a High Earner? (By Tax Bracket!)
In this episode of the Personal Finance Podcast, should you contribute to a Roth IRA or pre-tax as a high earner? How Andrew Can Help You: Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Learn to invest by joining ... Show More
27m 42s
Nov 2022
#135 - Payer moins d’impôts pour la bonne cause (don et fiscalité) - Magalie Petit
Le sujet : En France, les particuliers et les entreprises ont la possibilité de financer l’intérêt général en bénéficiant d’une réduction d’impôt. On parle de don pour les particuliers, et de mécénat pour les entreprises. Au lieu de payer des impôts et de laisser l’État répartir ... Show More
58m 13s
Apr 2023
Americans Are Getting $20B Less In Tax Refunds This Year | PBD Podcast | Ep. 260 | Part 1
In this episode, Patrick Bet-David and the home team will discuss: Americans Are Getting $20B Less In Tax Refunds Major U.S. Companies Making Cuts In 2023 New York being ranked top wealthiest city on the planet Why everyone is moving to Florida FaceTime or Ask Patrick any questio ... Show More
47m 2s
Nov 2023
Should You Take Vacations While Building Wealth? - Money Q&A
In this episode of the Personal Finance Podcast Money Q&A , we are going to talk about: Question 1: What’s your view on taking vacations while also building wealth? Question 2: Why you should do your online shopping with credit cards and not debit cards this Holiday season? Quest ... Show More
36m 58s
Jul 2023
15 Personal Finance Rules That Will Keep You Wealthy!
In this episode of the Personal Finance Podcast, we’re going to talk about the 15 Personal Finance Rules that will Keep you wealthy. We're going to go through the rules of thumbs for buying your car, for buying your house, retirement savings and how much you can actually draw dow ... Show More
39m 45s
Apr 2022
Friday Flight - Fake Free Tax Filing, Radical Sabbaticals, & 24/7 Stonk Trading #495
It's time for a Friday Flight! These episodes are all about the week’s financial news and the impact on your personal finances. There are a lot of headlines out there, but we distill it down to specific takeaways that will allow you to kick off the weekend informed and help you t ... Show More
32m 6s
May 2024
531: Financial Freedom in 9 Steps: The Money Guy’s Financial Order of Operations
If you follow these nine steps, you will reach financial independence. How do we know? Well, The Money Guy Show’s Brian Preston and Bo Hanson have tested it hundreds of times! Using this simple but extremely powerful “financial order of operations,” anyone from any background can ... Show More
57m 32s
Aug 2021
MI106: Don't Chase Money Managers & Stock Tips w/ Ben Felix
IN THIS EPISODE, YOU’LL LEARN:   3:13 - What a Roth IRA is and the contribution limits it has 15:38 - What an endowment fund is, who David Swensen was, and what an endowment model is 31:21 - Why chasing or copying money managers isn't a great strategy and why this typically doesn ... Show More
1h 21m