Financial planner and writer. Primary focus is on personal finance, investing and planning, but other interests slip out as well.
New York
Joined May 2008
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Ryan Derousseau, CFP® retweeted
Why Financial Planning Matters! (And how to find your true goals in life)
This episode of the Wealth In Yourself Podcast featuring Ryan Derousseau, founder of Thinking Cap Financial, is available now on YouTube and all podcasting platforms! #financialplanning @RyanDerous
Ryan Derousseau, CFP® retweeted
Need some ideas on managing your #privatepractice?
Here's a resource to find podcasts in the space, speaking directly to therapists, that I've put together. Hopefully it helps!
thinkingcapfinancial.com/the…
Ryan Derousseau, CFP® retweeted
Therapists who decided to walk away from major insurance companies who pay less and less, if at all, for psychotherapy can have difficulty navigating consultation calls when they begin taking on private-pay clients.
I did.
Here are lessons I learned doing it for 2 years:
Ryan Derousseau, CFP® retweeted
This. 👇🏻
People seem to get credibility for just being around a long time, even if they’re always wrong. Dear god don’t let that be me.
Ryan Derousseau, CFP® retweeted
A tax write-off does NOT mean you pay zero tax.
Here's how it works...
A $2,000 deduction is worth a max tax savings of $740 (37% tax bracket).
Ryan Derousseau, CFP® retweeted
Three big mistakes I often see in #privatepractice leader's finances:
1) Using biz expenses as a free lunch (they cannot figure out why they're in debt)
2) No 401k or other long-term saving tool
3) No succession plan
By realizing, you can then address.
Ryan Derousseau, CFP® retweeted
Great reminder about giving appreciated securities with a carryover cost basis and holding period.
Don't forget about that awesome 0% capital gains tax rate, y'all!
Ryan Derousseau, CFP® retweeted
Unpopular Opinion:
The money owed for taxes was never your money to begin with, and the faster one accepts this, the better off they will be!
So…
🚫 Don’t: Plan your life around pre-tax income.
✅ Do: Plan your life around (and optimize) post-tax income.
Ryan Derousseau, CFP® retweeted
Yikes. I wasn't a fan of tactical allocation funds BEFORE, but this takedown by @syouth1 is really something. 👇
Question: What would have happened if, instead of trading, the managers of tactical allocation fund-of-funds had stood down over the past decade?
Answer: Their investors would have gained about twice as much as they did.
More here: spr.ly/6015OSNr5
Ryan Derousseau, CFP® retweeted
What a weird way to say that working from home saves employees $4,600 a year.
Ryan Derousseau, CFP® retweeted
Financial planning is no longer reserved for retirees with a big 401(k) to roll over.
You can now receive personalized financial (including investment) advice with even negative net worth!
And that's without buying insurance products.
Changes are happening. 👏🏼
Ryan Derousseau, CFP® retweeted
If you can treat your side hustle as a business from the beginning, integrating that income into your personal finances can be seamless. #SideHustle #PersonalFinance
Ryan Derousseau, CFP® retweeted
What is the point of financial planning, especially if you’ve already been investing for some time?
In this video, I provide a visual aide for how your financial life and your investments work best when working together to create tasty outcomes.
buff.ly/3KiK7B8
Ryan Derousseau, CFP® retweeted
You can be a master of budgeting and saving but if you never invest your money, financial freedom will be 100x more difficult to achieve.
1) Learn to increase the gap between spending and saving.
2) Invest.
Step 2 is crucial.
Ryan Derousseau, CFP® retweeted
Planning a corporate exit or to start a consulting business is super intimidating.
One tool that can really help is creating a cash flow map. Once this is built it's really easy for us to update to account for changes in income and expenses and can lend a lot of peace of mind
