4.7 • 1.4K Ratings
🗓️ 29 November 2023
⏱️ 48 minutes
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0:00.0 | Hello and welcome to another episode of all the hacks a show about upgrading your life money and travel. |
0:07.6 | I'm your host Chris Hutchins. You're probably already familiar with our guest today Robin Arzon. |
0:12.0 | She's the head instructor and leads fitness programming at Peloton. with our |
0:15.0 | familiar with our guest today Robin Arzon. She's also an ultra marathoner, |
0:16.5 | two-time New York Times best-selling author, |
0:18.5 | who's made it her life's mission to redefine and rethink possibility through movement. |
0:22.7 | Today we're going to talk about everything related to fitness, exercise, and training, |
0:26.6 | but we're also going to dive into motivation, mental strength, designing an ideal life, and so much more. |
0:31.6 | I've taken hundreds of classes with Robin and I'm really excited for this episode so let's jump in right after this |
0:39.0 | Yesterday was giving Tuesday and while I truly believe that any gift you give to charity is amazing, it's |
0:44.7 | unfortunate that I see so many people giving cash instead of stock, which is just a lost |
0:50.4 | opportunity to be more optimized. For example if you give a charity a |
0:54.3 | thousand dollars cash they get a thousand and you get a thousand dollar deduction |
0:58.6 | on your taxes. However if you give a thousand dollars of a stock you bought for $100 years ago, well, that stock might |
1:05.7 | only be worth $700 to you after you factor in the taxes you do on capital gains. |
1:11.3 | But charities don't pay those capital gains, so they get the full |
1:14.2 | thousand dollars and you get to deduct the full thousand dollars on your taxes. |
1:18.8 | And when you factor in the tax savings and the deduction, it means that a thousand dollar donation could only cost you |
1:25.1 | a few hundred dollars, which I hope encourages you to be even more generous. |
1:29.6 | Not every charity makes this easy or even possible, so if you want to do what I did you can just |
1:34.2 | open up an account with our sponsor Daffy. They make it so easy to set up a special |
1:38.7 | tax advantage to account called a donor advised fund and make stock contributions to that account. |
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