Ep.197 ~ What Should the Younger Generation Do With Their Money? And Media Hacking ~ Sophia Bera

Subscribe to our podcast on iTunes https://itunes.apple.com/us/podcast/entrepreneur-house-live-in/id1069958541?mt=2 “I think it’s really important to hire a good tax accountant, and I think this is a mistake that a lot of entrepreneurs make.” Sophia Bera On today’s episode, we are joined by the media hacker and financial planner for Generation-Y and the Millennials, Sophia Bera. Sophia founded Gen-Y Planning to cater to an underserved niche in the financial planning world. After hearing many times from experienced financial planners that it would be a horrible idea to serve this market, Sophia started the business anyway and nailed it! On the show, we get behind the mind of Sophia and where the younger generation should put their money. We also talk about some really great investments for the younger entrepreneurs and digital nomads that are listening. We will address the importance of saving, investing, and setting some financial goals to diversify your income. Sophia also talks a lot about her media coverage. She has been featured on dozens of popular media outlets. She will share some of her hacks to get ‘in’ with the media and exactly how she did it. 05:49: Sophia and Chris Discuss ‘Taboo Rules’ Around Money 15:23: Gen-Y Planning Business Model 18:32: Sophia’s Strategy to Get in the Media 25:14: Case Studies for Entrepreneurs and Digital Nomads That Want to Invest I’m an entrepreneur with $60,000 in personal income. I spend less than $20,000 in expenses. What should I do with my money? I am a coder that is living paycheck to paycheck and has about $15,000 in gold and silver with $2000 in monthly income. What should I do with my money? I am an entrepreneur that has a software business and making over $100,000 in personal income a year? What should I do with my extra money? 36:09: What is Sophia Investing In? Honorable Mentions: HARO https://www.helpareporter.com/ SEP IRA http://www.businessinsider.com/save-for-retirement-if-i-earn-too-much-for-a-roth-ira-2016-6 Self-Directed IRA https://en.wikipedia.org/wiki/Self-directed_IRA Health Savings Account http://genyplanning.com/2014/11/19/hsas-for-millennials/ Contact Info: http://genyplanning.com http://genyplanning.com/apply https://docs.google.com/forms/d/e/1FAIpQLSc2NCbmSGofHzcoAQFHDM5iitwcwVNDgUn4kiq02iXuP-JsoA/viewform https://www.facebook.com/genyplanning Twitter: @sophiabera https://twitter.com/@sophiabera