Pilot Money Guys

Flight #68: What To Do With Your Bonus Check

What should you do with unexpected financial windfalls, such as a bonus check or unforeseen extra income? Today we answer this question and address the essential balance between celebrating your financial wins and planning for the future, sharing valuable tips to avoid financial pitfalls and the importance of building a robust emergency fund.

Listen in to hear the benefits of having liquid assets and paying off debt, as well as insights into optimizing your 401(k) and leveraging real estate investment in your financial portfolio. You’ll learn how to make the most of unexpected financial gains and secure a prosperous future.

What You’ll Learn In Today’s Episode:

  • What to do with your bonus checks.
  • The benefit of celebrating your wins and bonuses.
  • The importance of consulting your tax professionals.
  • Tips to avoid getting in trouble with the IRS.
  • Why it is essential to have an emergency fund.
  • The importance of paying off your debt.
  • How to maximize your 401(k).
  • Where real estate investment can be used in your portfolio.

Ideas Worth Sharing:

  • “There is no spending like guilt-free spending.” – Robert Eklund
  • “It is important to plan, but we can’t plan for tomorrow. We don’t know what tomorrow holds for us. So, take time to celebrate.” – Charlie Mattingly
  • “The ability to have liquid assets is so advantageous we can’t even overstate it.” – Charlie Mattingly

Resources In Today’s Episode:


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