Gen One Legacy
Making a generational impact starts with one: one person, one family, and one community. And so, the Gen One Legacy is our attempt to help first-gen tech professionals like you get your financial house in order so you can live your legacy.
Hosted by Peter Donisanu, a Private Wealth Manager, this podcast serves to simplify your journey through the often-complex world of wealth management, tailored specifically for the first-generation impact-oriented tech worker.
One person can’t change the world alone.
But one person can be the spark that lights the way, providing future generations with resources they need to align with their higher purpose so they can make a dent in the universe.
Your journey as a first-generation high earner isn’t just about accumulating wealth; it’s about creating a legacy that lasts the tests of time. A legacy that empowers your family, uplifts your community, and leaves a lasting mark on society for generations to come.
That’s why each episode of Gen One Legacy dives deep into the critical aspects of wealth creation, preservation, and legacy formation. From actionable stock options & equity comp strategies, to investing, estate planning and fostering a mindset of generational wealth, we cover it all.
Join us as we distill proven Wealth Management practices into practical and actionable insights that you can apply to your own life.
Whether you're an entrepreneur, an executive, or anywhere in between in the tech space, this podcast is your first step toward securing a prosperous future for your family and generations to come.
Subscribe to the Gen One Legacy where we’ll help you get your financial house in order so you can live your legacy.
Gen One Legacy
Navigating the Maze of Restricted Stock
Decisions, decisions, decisions. That's mantra, for better or worse, that defines the life of every tech professional navigating the complex labyrinth that is the world of restricted stock (RSUs).
Picture this - you're sitting at your laptop, sipping your morning coffee, and you receive a notification that your company's stock has vested.
That's good news, right?
After all, this stock forms a significant part of your overall compensation and holds the power to substantially change your financial well-being. But then, an all too familiar sensation starts creeping in, and that's that overwhelming sense of being burdened with yet another complex decision to make.
Why does it feel this way? Well, you might feel unsure of what to do when faced with the dilemma of managing your RSUs because you might feel like you have a veritable treasure in your hands, but the fear of making the wrong move may stop you dead in your tracks.
And it's understandable. Why would you want to rush into making any decision when there's so much at stake? The problem, however, arises when you fall prey to the illusion of ignorance being bliss. Certainly, turning a blind eye to your vested stocks might feel comfortable for the time being, but this comfort could cost you more than you think.
Just imagine. One day you're hit with a huge tax bill, blindsided by unforeseen risks, or worse yet, facing the loss of a golden financial opportunity. Isn't it chilling to even think about these possibilities? Now, it's in these moments that you realize the importance of making conscious, well-thought-out decisions about your RSUs.
So now, you might be scratching your head, asking yourself: "What in the world am I supposed to do to overcome this analysis paralysis?" Is there a way out of this seemingly endless maze of decision-making?
Fortunately, the answer is simpler than you think. Consider this: when trying to get out of a maze, it's all about taking one step at a time, right? Well, the same goes for managing your equity award, and that's why you should focus on making three critical choices as we approach the midpoint of the year.
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