When looking at investments and trying to understand your risk tolerance, ask yourself: How would you feel if you invested in this position and it immediately went down? Conversely, how would you feel if you liquidated your position and it immediately went up? Let that be your guide. 

Dany Garcia – Founder, Danimás

Minimize your tax burden by maximizing pretax savings (i.e. 401K), by leveraging pretax programs, and by investing in tax-free fixed income bonds, etc.

Giuseppe Celio – Chief Financial Officer, Danimás

Buy back your time: Outsource the tasks that drain you. Delegate what doesn’t move the needle. Say no to things that cost too much energetically, even if they’re “free.” Use your resources to create space: for thinking, for creating, for living. 

Angélic Vendette – Chief Marketing and Content Officer, Danimás

Pay yourself first.

Liz Edmiston – Co-CEO, Danimás

Do what you love and the money will follow. When given the choice, never take a job just for the money.

Amy Madigan – Chief of Staff, Danimás

Live below your means so you will always have savings for an emergency. There’s enough stress in life that you cannot control—don’t add financial stress by overspending.

Dorothea Scattaglia – Sr. Director of Emotional Wellbeing, Comcast NBCU

Ask for what you need. I suppose it’s not just financial advice, but isn’t the best advice always kinda universal?

Jenny Nguyen – CEO & Founder, The Sports Bra

Invest according to your tolerance level—investing should not cause you ulcers. 

Kim Ng – Commissioner, Athletes Unlimited Softball League

Learn on someone else’s dime. 

Shanna Goldstone – Chief Commercial Officer, Danimás

Open a 529 savings plan (college savings account) for your children.

Thomas Harvey – Former Sr. Vice President of Sales Excellence and Operations, AT&T

Remember that individual stocks rarely outperform a well-diversified index fund over the long term. 

Erin Lardy – Chief Content Officer, The Garcia Companies