Sunday, March 17, 2013

Money Hack #16 - Working for a Public Company

Some of us actually work for a living ... alright, most of us do in some way.  Some of these things may seem obvious, but if you work for a public company you SHOULD be taking advantage of them.

The first thing many of you may not be aware of is that almost all of the Fortune 1000 companies offer their employees the chance to buy stock at a 15% discount.  I know some of you think that is a stupid idea, especially if the stock drops.  But ...

Most companies allows you to flip it the same day you buy it.  The Federal maximum allowed is somewhere around $10K-$15K, but 15% of that for almost no work at all is a nice payday.  Just buy the maximum stock possible and sell it the next day.  Boom ... at least $1000 in your pocket.

Check out your companie's HR page - you might be surprised.

And the obvious - if you aren't putting enough money in your 401k to receive the FREE employer match then you are crazy.

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