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HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
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In this episode we take a look at the popular advice to “spend to save taxes.” Together we walk through a simple example that shows why buying random things at the end of the year just to reduce profit is usually a losing game for your bank account and your peace of mind.
Instead of trying to get rid of profit (hear how backwards that sounds?), I invite you to see profit as something you can direct. I'll suggest calmer, more empowering ways to use the money we have.
I also offer a short and simple year end money reflection by asking yourself three questions.
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