Invest with Prudence: Recent Episodes
Prudence Zhu
Welcome wealth builders!
Prudence Zhu is YOUR Certified Public Accountant who is passionate about taxes, investments, and financial planning. Prudence was born in rural China in 1985. In 2012, she arrived in the US with very few belongings, but a willingness to work hard to achieve the American Dream.
Through hard work, perseverance and allowing mistakes to become life lessons, within ten years Prudence was able to reach financial security through working in corporate jobs and entrepreneurship. With her newfound wealth and stability, Prudence aspires to motivate, encourage and empower you to take control of your finances, live the life you have always dreamed of, and remove all fears of taxes or financial planning to teach you how to use them for your benefit.
Prudence is an innovator, lifelong learner, loving wife and mother who is prepared to be your ultimate resource for financial wellness. Follow Invest with Prudence as our host guides you on the road to financial freedom through the use of tax and wealth strategies, and financial planning that will enable you to plan for the life you want!
Get in touch:
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Free webinars: https://www.youtube.com/watch?v=tYVqTC6svLo&t=1s
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LinkedIn: https://www.linkedin.com/in/prudencezhu/?original_referer=https%3A%2F%2Fwww.youtube.com%2F
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Website: https://www.baoba.us
Hi Wealth Builders! Today we have a very special guest: Cindy Shen. Cindy and I went to the same middle school in Wuhan, China 25 years ago. She then moved to Canada with her parents. She later graduated from Western University in Ontario, and worked at IBM for five years. In 2017, she quit her corporate job and became a full-time entrepreneur. Today, she’s CEO and President of a portfolio of real estate and private lending companies. She’s also an unmarried single mom to a baby girl by choice. Let’s welcome, Cindy! Cindy is also active on youtube, check out her channel for opportunities in Toronto real estate and private lending!
https://www.youtube.com/@cindybuys8476
⚠️ Disclaimer: All opinions expressed by Sophia in this interview and on Invest with Prudence are solely Sophia’s opinions and do not reflect the opinions of Invest with Prudence or Baoba USA or affiliates. The content of this channel is for education or entertainment and should not be considered financial or investment advice. To make the best financial decisions that suit your own needs, you must conduct your research and seek advice from a licensed professional financial advisor.
Benjamin Franklin once said two things in life are unavoidable – death and taxes. While he’s not wrong in general, certain incomes are exempt or actually tax-free! In other words, you don’t have to pay tax on them! And that's what I will talk about today: 12 most frequently used tax-free and non-taxable incomes. Some of them are little heard of and some are generally misunderstood. And I'll go through them by category and increasing financial impact, so stay till the end!
Would you like a guaranteed income for the rest of your life? Most people would say yes. But social security benefits may not be enough, and most companies no longer offer pensions. And that's why annuities exist. More than $200 billion individual annuities are written in the US every year, which speaks to its popularity. But what are they, are they worth it, and do you need one? That's what we are going to discuss today: the truth about annuities and how to get them right.
Hi Wealth Builders! Today we have a special guest: Danny Lewis. Danny grew up in the north suburbs of Chicago and graduated from DePaul University. He started his career in sales and has been a realtor for more than ten years. Through great service and constant networking, he became one of the top performing realtors in Chicago. He’s also a confident investor in real estate, owning seven rentable units today and adding more.
⚠️ Disclaimer: All opinions expressed by guests in Money Chat with Prudence interviews and on Invest with Prudence are solely their personal opinions and do not reflect the opinions of Invest with Prudence or Baoba USA or affiliates. The content of this channel is for education or entertainment and should not be considered financial or investment advice. To make the best financial decisions that suit your own needs, you must conduct your research and seek advice from a licensed professional financial advisor.
❤️ Get in touch:
- Free Webinars https://www.eventbrite.com/cc/baoba-personal-finance-series-434439
- LinkedIn: https://www.linkedin.com/in/prudencezhu/
Website: https://www.baoba.us/
⚠️ Disclaimer: All opinions expressed by Sophia in this interview and on Invest with Prudence are solely Sophia’s opinions and do not reflect the opinions of Invest with Prudence or Baoba USA or affiliates. The content of this channel is for education or entertainment and should not be considered financial or investment advice. To make the best financial decisions that suit your own needs, you must conduct your research and seek advice from a licensed professional financial advisor.
💪 Hi Wealth Builders, today we have a special guest: Sophia Su. Sophia came to the US from China in 2003 and graduated from the University of Notre Dame with Ph.D. in Electrical Engineering. After working at IBM for two years, she quit her job and became a representative of Transamerica, a holding company of various life insurance companies and investment firms. Today, she leads a team of 20 full-time agents and 135 licensed brokers and serves thousands of clients. Most recently, she moved from New York to Dallas with her husband and two kids. Let’s welcome Sophia, and learn about her story: how the 2008 economic crisis changed her life and career for the better. 😘
❤️ Get in touch: Free Webinars https://www.eventbrite.com/cc/baoba-personal-finance-series-434439 LinkedIn: https://www.linkedin.com/in/prudencezhu/ Website: https://www.baoba.us/
If you are spending a lot of time picking and tracking stocks for years and still struggle to get a sustainable compounded return. Stop watching stock analysis videos and reading daily newsletters. In this episode, I will explain how exactly stock picking is slowing down your wealth building and what you should do instead to put your investments back on track and effectively accelerate your financial success.
Do you know that the IRS has increased the tax brackets for 2023? It also implemented the biggest increase in standard deduction amount since 1987. That means you can pay fewer taxes in 2023! So how much will you save, and how should you take advantage of it to speed up your financial independence journey? That's exactly what we are going to talk about today. You'll also get an update on our old friends, Mr. and Mrs. Goodman, Mr. and Mrs. Aspire, and Mr. and Mrs. Dream.
One of my most important life decisions was coming to the US to get my MBA. That was ten years ago. However, as the cost of higher education rapidly increases, many say that MBA is overpriced and overrated, so is it worth it? And is it still worth it in 2022? Today, I'll share my experience and breakdown in detail the pros and cons for you.
❤️ Get in touch: Free Webinars https://www.eventbrite.com/cc/baoba-personal-finance-series-434439 LinkedIn: https://www.linkedin.com/in/prudencezhu/ Website: https://www.baoba.us/
Today we have a very special guest: Yann Dang. Yann was born in Utah. She is a founding member of Chief, a networking platform for women executives. She’s also a mother to a baby girl. After a successful international career in corporate finance, she started her own executive coaching company.
Follow Yann on LinkedIn:
https://www.linkedin.com/in/yanndang
Aspire Coaching:
https://www.aspire-coaching.co/ Get in touch:
Free Webinars https://www.eventbrite.com/cc/baoba-personal-finance-series-434439
LinkedIn: https://www.linkedin.com/in/prudencezhu/
Website: https://www.baoba.us/
Are rich people greedy? Does money buy happiness? Should you define success by how much money you have? And is debt always bad? The answers to these questions depend on our money beliefs, and they impact how we treat money and, to a large extent, how much we would have in the long run. But some of them are protective factors of wealth, while others might sabotage our long-term financial wellbeing. So it's time to discover your money script and how to rewrite it if it doesn't work for you.
Link to the money psychology quiz (Google form)
https://forms.gle/LiAGvi2cNcgCFjpJA
Get in touch:
- Free Webinars https://www.eventbrite.com/cc/baoba-personal-finance-series-434439
- LinkedIn: https://www.linkedin.com/in/prudencezhu/
- Website: https://www.baoba.us/
Disclaimer: The content of this channel is for education or entertainment and should not be considered financial or investment advice. To make the best financial decisions that suit your own needs, you must conduct your research and seek advice from a licensed professional financial advisor.
Hi wealth builders!
On this episode of the Invest With Prudence Podcast, we have a very special guest, Eric Wang, Co-founder and CEO at Wind Mobility.
Join us as Eric details his journey from Columbia University to a successful career as a serial entrepreneur. He opens up about the ups and downs of entrepreneurship, and challenges of being a leader, and more!
Get in touch:
- Free Webinars https://www.eventbrite.com/cc/baoba-personal-finance-series-434439
- LinkedIn: https://www.linkedin.com/in/prudencezhu/
- Website: https://www.baoba.us/
This may be surprising to you: if both parents stay in the labor force and pay for childcare,
they would have a million dollars more in retirement, even if childcare costs equal one of the parent's take-home pay. In other words, in purely financial terms, staying in the labor force is the most prudent choice.
Hi, I'm Prudence, CPA and financial planner. I'm also a mother to a five-year-old boy and a one-year-old girl. Today I'm going to walk you through a million-dollar decision you'll have to make when becoming a parent, my experience and what I learned, and tips if you've decided to stay home but plan to return to the workforce someday.
Get in touch:
- Free Webinars https://www.eventbrite.com/cc/baoba-personal-finance-series-434439
- LinkedIn: https://www.linkedin.com/in/prudencezhu/
- Website: https://www.baoba.us/
One of the best investments I've ever made in my early wealth-building phase generated a 25% annualized return and had relatively low risk. It also allowed my family to save significantly without sacrificing our lifestyle. Today, I will share my case for owning a multifamily home, considerations before investing in one, and the tax implications of owning investment real estate.
Link to the case study analysis (Google sheet)
https://docs.google.com/spreadsheets/d/1zg3T0Wo6ySltoQQRl1k_BIa47iEiJGzktnkYwI1_Hi8/edit#gid=0
Get in touch:
- Free Webinars https://www.eventbrite.com/cc/baoba-personal-finance-series-434439
- LinkedIn: https://www.linkedin.com/in/prudencezhu/
- Website: https://www.baoba.us/
Welcome wealth builders!
Prudence Zhu is YOUR Certified Public Accountant who is passionate about taxes, investments, and financial planning. Prudence was born in rural China in 1985. In 2012, she arrived in the US with very few belongings, but a willingness to work hard to achieve the American Dream.
Through hard work, perseverance and allowing mistakes to become life lessons, within ten years Prudence was able to reach financial security through working in corporate jobs and entrepreneurship. With her newfound wealth and stability, Prudence aspires to motivate, encourage and empower you to take control of your finances, live the life you have always dreamed of, and remove all fears of taxes or financial planning to teach you how to use them for your benefit.
Prudence is an innovator, lifelong learner, loving wife and mother who is prepared to be your ultimate resource for financial wellness. Follow Invest with Prudence as our host guides you on the road to financial freedom through the use of tax and wealth strategies, and financial planning that will enable you to plan for the life you want!
LinkedIn: https://www.linkedin.com/in/prudencezhu/