Sharon Winsmith

Tax attorney + investor + business owner + unconventional thinker

[Sharon Winsmith @SharonWinsmith]

One of the biggest misconceptions around tax planning is that you should max out 401k or IRA contributions.

Allow me to explain why I HATE 401ks and IRAs in a 🧵:

#TaxTwitter #investingtips #FinancialLiteracy #FinancialFreedom #WealthBuilding #WealthManagement #Finance

[Sharon Winsmith @SharonWinsmith]

@pubdefendr Appreciate the kind words! 🙏🏻

[Sharon Winsmith @SharonWinsmith]

Perhaps take a few notes from @dawnstaley 🤷🏻‍♀️

[SNY UConn Women’s Basketball @SNYUConn]

"How do you coach in an environment where the players feel like they owe you nothing and you owe them everything?"

Geno Auriemma talks about the challenges of coaching with NIL and the transfer portal:

[Sharon Winsmith @SharonWinsmith]

It is human nature to overcomplicate things. This is readily apparent when it comes to investing. Put your money in an S&P 500 index fund and leave it for the rest of your life. It really is that simple.

*Not financial advice*
#SmartInvesting #KeepItSimple

[Sharon Winsmith @SharonWinsmith]

Things you never hear old people say - boy I'm sure glad I owned all those bonds.

#SmartInvesting #Bonds #fixedincome

[Sharon Winsmith @SharonWinsmith]

There is nothing that shows how outdated and boring books on investing are than The Intelligent Investor. 🤦‍♀️

#SmartInvesting #Finance #StopInvestingInBonds

[Sharon Winsmith @SharonWinsmith]

I know a lot of C suite execs who might have a salary I would be ok with. But I don’t know any who have a life I would want.

#CareerGoals #FinancialFreedom #TimeFreedom

[Sharon Winsmith @SharonWinsmith]

I bet you didn't know - Most wealthy people don't invest in the stock market.

#investing #SmartInvesting #MoneyTips

[Sharon Winsmith @SharonWinsmith]

@dudkiewiczlukas I haven’t heard of that one but will definitely check it out! 👍

[Sharon Winsmith @SharonWinsmith]

3 books that changed the way I invest my money:
1. The Little Book of Common Sense Investing - John Bogle
2. Rich Dad, Poor Dad - Robert Kiyosaki
3. The Compound Effect - Darren Hardy

What would you add to the list?

#Reading #investing #BooksWorthReading

[Sharon Winsmith @SharonWinsmith]

The top people in any field are not working with clients. From managing your investments to your own healthcare, YOU have to be informed and in the driver’s seat for things that matter.

#TakeControl #EmpoweringInvestors #DIY

[Sharon Winsmith @SharonWinsmith]

Just a reminder to fire your CPA if they recommended you accelerate expenses to reduce taxable income in the current year. Not only is this bad tax planning, but it’s also even worse financial advice.

#NewYearNewFinances #tax #TwitterFinance #FinTwit

[Sharon Winsmith @SharonWinsmith]

Why does the media go right back to the same people who completely blew 2023 market predictions for 2024 market predictions?

#marketupdates #CNBC #Markets

[Sharon Winsmith @SharonWinsmith]

You know you have a newborn when you're eating a salad for lunch at 8:00 am.

#newborn #parenting

[Sharon Winsmith @SharonWinsmith]

If today isn't your favorite day of the year, you're in the wrong job.

#lovewhatyoudo #NewYear2024 #NewYear

[Sharon Winsmith @SharonWinsmith]

@TheDunkCentral No way 😣

[Sharon Winsmith @SharonWinsmith]

@elizfarrell I’ve followed your career for quite some time and continue to be impressed by your intelligence and ambition. I’m cheering you! 💕

[Sharon Winsmith @SharonWinsmith]

Goals have to be actions you can control, not outcomes you want.

#GoalSetting #Accountability #NewYear

[Sharon Winsmith @SharonWinsmith]

The Today show year-end money advice ➡️ open a high-yield savings account. 🤦🏻‍♀️

#badadvice #moneytips #FinancialPlanning

[Sharon Winsmith @SharonWinsmith]

Nurses are everyday heroes.

[Sharon Winsmith @SharonWinsmith]

Way more than enough!

[DAN KOE @thedankoe]

When you have your priorities straight, 3-4 hours is more than enough time to finish your work for the day.