This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny. In this episode of the series, Lauryn and Chloé talk about the three big money expenses that impact your wealth-building ability. You’ve probably heard when it comes to budgeting “the little expenses add up”, and while that’s true, it’s the big expenses that are killing you. In this episode, Lauryn and Chloé talk about: What W-2 employees can do to reduce tax liability Tax considerations for self-employed individuals The difference between tax deductions and tax credits Tax considerations of homeownership The importance of understanding investments and/or starting a business and how it impacts your tax liability How much you should be spending on housing (renting or mortgage) Financial considerations for changing jobs or relocating How to reduce or eliminate student loan expense How to reduce or avoid auto loan debt What you need to know about credit card debt How your credit score is calculated Understanding your cash flow and the impact of these types of expenses If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore: Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore Shared quote: “Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend.” – Thomas Stanley RESOURCES MENTIONED: Wealth-Building for the Wealthy Through the Tax Code Continues as Families of Color Fall Further Behind Substantial Income of Wealthy Households Escapes Annual Taxation Or Enjoys Special Tax Breaks I'm a financial planner, and I think most people are better off skipping a Roth 401(k) Episode 105 - "Know Better, Do Better" Series: Renting vs Homeownership A Comprehensive Guide for First-Time Home Buyers What Tax Credits Can I Qualify For This Year? A Guide Coming up next: In the next episode of the Know Better. Do Better series, we’re going to talk about the First Generation Wealth Builders Tax (AKA financially helping family and friends).