Building Personal Equity (Tadas with Dasarte Yarnway)

The Compound and Friends

Josh Brown

Business News, News, Investing, Business

4.7 • 2.2K Ratings

🗓️ 8 August 2019

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

“Because of the complexity of these compensation structures, I find that most people love the idea of having equity but do not understand it. With companies paying up to 50% of their employees total compensation package in equity, it’s important to understand what exactly is at stake when you decide to accept that job offer for “the next big thing.” Dasarte Yarnway (@dasarteyarnway) is the founder of Berknell Financial group which is a fee-only financial planning firm headquartered in San Francisco. Dasarte is also the host of The Young Money Podcast. Tadas got Dasarte on the phone to talk about his newly published book Pay Me in Equity. In some industries, equity compensation is an important part of your pay package, so understanding the details is crucial. Beyond the financial aspects, ownership is an important concept that applies in different areas of our lives. Where to find Dasarte's work: Pay Me in Equity: A Millennial Guide to Understanding Equity Compensation The Young Money Podcast Young Money: 4 Proven Actions to Design Your Wealth While You Still Can 1-click play or subscribe on your favorite podcast app Subscribe to the mini podcast on iTunes or Spotify Enable our Alexa skill here - "Alexa, play the Compound show!" Talk to us about your portfolio or financial plan here: https://ritholtzwealth.com/ Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer: https://thereformedbroker.com/terms-and-conditions/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey Desarte, how are you?
0:02.0	Doing so well.
0:04.0	Thank you so much for having me on this podcast.
0:06.0	That's awesome.
0:07.0	I'm on the line with Desarte Yarnway, who's the founder of Birkenale Financial Group,
0:10.0	a fee-only financial planning firm headquartered in San Francisco.
0:14.4	Desarte is also the host of the Young Money Podcast. I asked him on today to talk about
0:19.2	his most recent book, Pay Me in Equity. The book really to me has two main messages as I see it. One is the
0:25.7	imports of understanding the different types of equity compensation available to you as an employee,
0:31.8	especially if you're in the startup space.
0:34.0	Second, Desarte looks at the idea of equity in a broader context
0:39.0	and how it can help you outside the scope of the office.
0:41.0	So Desarte, you've already written a couple of books.
0:44.8	What prompted you to write another one?
0:47.4	Well, a couple of things motivated me to write this book.
0:50.7	Just this year in the San Francisco Bay Area,'ve seen a bunch of IPOs right and it would be millennials coming to my office with these massive checks saying that they didn't know what to do and they didn't even know that they had equity. So for a lot of these millennials, primarily
1:04.9	millennials of color, it was an education process. Like what is equity and what was I invested
1:11.7	in to get these checks.
1:12.6	So I thought that with, you know, 10, 20, 30 people
1:16.2	coming into my office with the same question.
1:19.6	I would write a guide that would allow them
1:21.1	to educate themselves on how to properly, you know,
	...

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