Gen One Legacy

Hosted by Peter Donisanu

Business

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Episodes

122

Latest episode

Jul 2024

Language

EN-US

About the show

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.

Listen to episodes

60 recent

July 11, 202414 min

Concentration Builds Wealth, Diversification Preserves It

Having all your eggs in one basket might make you rich—until it doesn't.This week, we’ll dive into the risks of concentrated investing.You know, Warren Buffett's strategy of focusing investments on big bets is legendary, yet he also champions diversification for the average investor.Why the mixed advice?Because while concentrated investing can yield big rewards, it also carries significant risks.Learn how to balance your portfolio, manage risk, and understand when to hedge or diversify your investments.Either way, whether dealing with restricted stock or stock options, the big takeaway here is that having a plan is essential.Read this article at https://franklinmadisonadvisors.comLearn more at https://linktr.ee/genonelegacyBe sure to follow me on Twitter & Instagram: @peterdonisanu

July 4, 202418 min

How to Setup an Estate Plan if You’ve Never Put One Together Before

When you hear "estate planning," you might think of grand mansions, legal jargon, and hefty inheritances.But estate planning isn't just for the wealthy—it's essential for anyone who wants to protect their assets, ensure their wishes are followed, and care for their loved ones after they're gone.In this episode, we'll break down the basics of creating an effective estate plan. From identifying your assets and selecting heirs to appointing trusted individuals to manage your affairs, we cover it all.I'll also discuss the importance of keeping your estate plan current with life changes and tax laws to ensure it continues to serve its purpose.Estate planning is a smart move for everyone, regardless of the size of your estate. Tune in to learn how to safeguard your financial future and make a lasting impact.Read this article at https://legacygenone.comLearn more at https://linktr.ee/genonelegacyBe sure to follow me on Twitter & Instagram: @genonelegacy

June 28, 202417 min

Stop Wasting Your Policy Premium: The Smart Way to Buy Insurance Protection

How can you tell that you’re buying the right kind of insurance?It’s one thing to know how much coverage you need, and another to know which policy to buy.But fortunately, you now have the power to choose and manage your insurance coverage with just a few clicks, making it easier than ever to protect your financial future.That’s why in today’s episode, I explore the critical role of insurance in building and preserving financial independence.More importantly, however, I’ll discuss how to evaluate insurance providers and select the best policies to ensure comprehensive coverage for you and your family.Read this article at https://legacygenone.comLearn more at https://linktr.ee/genonelegacyBe sure to follow me on Twitter & Instagram: @genonelegacy

June 20, 202412 min

How to Avoid the Temptation to Show the World that You’ve Made It

Have you ever felt the urge to splurge after a financial windfall?Maybe it was after landing a six-figure job or when your startup went public.This week, we explore the temptation to showcase your success, drawing parallels with stories like Mike Tyson's.Despite earning over $400 million, Tyson's extravagant spending led to bankruptcy.As a first-gen high earner, it's easy to want to prove you've "made it," but remember that overspending now can derail your long-term goals.We'll discuss the importance of aligning your values with your financial decisions to ensure lasting success.Read this article at https://legacygenone.comLearn more at https://linktr.ee/genonelegacyBe sure to follow me on Twitter & Instagram: @genonelegacy

June 13, 202417 min

Roth IRA: How to Avoid Too Much of a Good Thing

Having too much of a good thing can leave you worse off than when you started.The same is true for putting all your extra savings in a Roth IRA. This is especially true if you plan to retire early, start a business or invest in rental properties.That’s why this week, I’m discussing the pitfalls of over-optimizing for tax-efficiency at the expense of future liquidity and what you can do to avoid having too much of a good thing.Read this article at https://legacygenone.com Learn more at https://linktr.ee/genonelegacyBe sure to follow me on Twitter & Instagram: @genonelegacy

June 6, 202417 min

Cash Management: It’s Not Just About Emergencies, It’s About Freedom

Cash is king.And missing out on an opportunity because your money's tied up in illiquid savings, or having to sell assets at an inopportune time to cover a large expense can be costly. That's why, in today's episode, I discuss why a cash management strategy is a step beyond an emergency fund.I'll also share the approach I've taken to crafting a solid cash management strategy so that my cash is working while it waits.Read this article at https://legacygenone.com Learn more at https://linktr.ee/genonelegacyBe sure to follow me on Twitter & Instagram: @genonelegacy

May 29, 202414 min

Saving for College: Be Prepared, So You Kids Can Be Spared

I didn't know, what I didn't know.Going to college was the best investment I ever made.But, being the first in my family to go to college left me making a lot of poor choices.That's why, in today's episode, I discuss some of the mistakes that I made when I borrowed to pay for college.I'll also share the approach I'm taking now to save for my kids' education and help them avoid the same burden I had to deal with.Read this article at https://legacygenone.com Learn more at https://linktr.ee/genonelegacyBe sure to follow me on Twitter & Instagram: @genonelegacy

May 23, 202417 min

There’s No Such Thing as an Investing Magic Pill

"If only I had kept going a little more…"Now, have you ever been on the verge of a breakthrough but stepped back because of a setback? It’s like investing—when the markets shake, it’s easier to think about quitting rather than sticking it out.That’s why today’s episode is about sticking to your plan, not panicking, and why a disciplined investment strategy is essential for long-term success.Read this article at https://legacygenone.com Learn more at https://linktr.ee/genonelegacyBe sure to follow me on Twitter & Instagram: @genonelegacy

May 16, 202416 min

How to Buy Back Your Time without the Regret

“Why did I even hire them in the first place...”Have you ever hired someone for help around the house, only to immediately regret it?I know I have.That’s why this week I’m sharing my experience of hiring helpers who didn't quite live up to their promises and left me feeling more frustrated than relieved.You know, many of us have hired help with the hope of buying back our time.But when that help we hire falls short, it can feel like we're paying the price for the same work twice.That's why, in this week's episode, I'll share the lessons I've learned from hiring numerous contractors across different states and how setting clear expectations can make all the difference.Read this article at https://legacygenone.comLearn more at https://linktr.ee/genonelegacyBe sure to follow me on Twitter & Instagram: @genonelegacy

May 9, 202413 min

Don’t Live with the Regret of Holding Concentrated Company Stock

“I should have done something about it sooner.” Have you ever poured your heart and soul into a professional pursuit only to see it unravel before your eyes? You're not alone. If you're betting on stock options, RSUs, or your 401k to build your legacy, then come with me as we explore the highs of potential paydays and the lows of unexpected Black Swan events and Murphy's Law. This week, I'm talking about what it means to make a big bet in your career, the thrill of chasing after a dream, and the harsh realities of holding onto your company stock. So, tune in to learn why it's crucial not to put all your eggs in one company stock basket and what you can do about it instead. Whether you've faced disappointment or are riding the wave of success, this episode is a must-listen for anyone who's ever bet big on their job to lead them to financial independence. Read this article at https://legacygenone.com Learn more at https://linktr.ee/genonelegacy Be sure to follow me on Twitter & Instagram: @genonelegacy