Hey, it’s Frank, Jerry, and Zoltan from Third View Private Wealth, and welcome to the Third View Next Gen Newsletter. This newsletter is designed to simplify personal finance, investing, and wealth building for next-generation wealth holders just starting their financial journey. Hope you enjoy this month’s edition and learn something new.
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IMAGINE THAT
Is everything getting more expensive?
It feels like everything costs more these days, and for the most part, that is definitely true. But there’s also a few categories of things (mostly electronics) that haven’t kept up with inflation and, in fact, have become more affordable. And on the other side, there’s a few things (like hospital services and housing) that have outpaced inflation. Interesting to see some of these categories laid out.
CAREER SMARTS
The 3 C’s: A Simple Guide to Success in the “Real World”
By Frank McKiernan, Co-Founder of Third View
I recently had the opportunity to visit my alma mater Bryant University. It was my first time being back on campus since I graduated.
It was great seeing how much has changed, and I also got to reconnect with some of my professors who haven’t changed much!
During my visit, I spoke to a finance class about my journey after Bryant.
With graduation next month, I thought it was timely to give them a few takeaways on how to be intentional as a professional when they enter the “real world”.
I explained how these 3 “Cs” have helped me grow personally and professionally throughout my career:
Communication
How you speak, how you write, and how you deliver your message to your audience will be one of the strongest factors that contribute to your success in your personal life and career. If you aren’t able to effectively communicate, you will yield to others that can. There are troves of research supporting the link between effective communication skills and being successful in life and business. The earlier you start honing these skills, the stronger a professional you’ll be later on.
Consistency
As an owner and operator of a business, there is no trait more valuable in an employee than one who is reliable and consistent. To know that they will be at their desk at the same time everyday and will complete their work on time with the same quality and integrity is invaluable. Be that person. Remember that how you do anything is how you do everything. Consistency compounds and if you let it, it will improve your health and wellness, personal relationships, and family life.
Continuous learning
We’re very fortunate to be living during a time when we have the world at our fingertips. Incredibly complex topics can be summarized and learned in minutes. Find something that interests you and research it. When you’re finished, do it again. YouTube videos, Podcasts, Ted Talks, it’s all there for you - for free. It may seem like you're at the finish line, but graduation is just the beginning. Take full advantage. The possibilities are endless.
ASK THE ADVISORS
“How do I set up direct deposit and the right tax withholdings for my new job?”
Direct deposit is the easy part. HR will hand you a form (or a link in your payroll portal). Grab your bank's routing and account numbers from your banking app, plug them in, and you're done.
Withholdings happen on the W-4. If you're single, one job, no dependents, just fill in your info, check "Single," sign, and you're set.
If you have a side hustle, a working spouse, or want to fine-tune how much you owe (or get back) at tax time, skip the guessing and plug your numbers into the IRS Tax Withholding Estimator at irs.gov/W4App. It tells you exactly what to enter on each line.
Have a question you’d like us to answer in a future newsletter? Simply reply to this email to submit it to us.
CONTENT CORNER
Reading and Listening Recs
📚 Everything You Want Is On the Other Side of Hard - Ken Rideout
A great story about grit, discipline, and what happens when someone fully commits. Ken started from nothing, battled through plenty of ups and downs, and in three years went from a “running nobody” to the world’s fastest marathoner over 50.
His simple mantra: win or die trying.
🎧 Jay Shetty Podcast - Tim Feriss
“If you're starting in Kansas intending to be in California, but your car is pointed toward New York…you could be Mario Andretti, it doesn't matter. You're going the wrong direction.” Lots of relevance to your professional and wealth journey.
🎧 Huberman Lab - Marc Andreesen
Fitting episode for today’s theme. Lots of great lessons here on risk-taking and building success in your personal and professional life.
ICYMI
Third View In The News
Frank McKiernan Shares His Story on the Barron’s Advisor Next Generation Podcast
Third View Co-Founder, Frank McKiernan, recently joined Alyson Tucci on the Barron’s Advisor Podcast to share more on his career story and beliefs regarding the future of financial advising.
Frank shares how the Third View team approaches the work of advising clients—from treating individuals like institutions to investing with a long-term, business-owner mindset.
That’s all for this month. If you enjoyed the newsletter, the greatest compliment would be to forward it to someone you think would like it too.
- Frank, Jerry, and Zoltan
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Past performance is not indicative of future results. The material above has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed, and Third View Private Wealth makes no representation or warranty as to the accuracy or completeness of the information, which should not be used as the basis of any investment decision. Information contained on third party websites that Third View Private Wealth may link to is not reviewed in their entirety for accuracy and Third View Private Wealth assumes no liability for the information contained on these websites. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of writing and are subject to change without notice. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission from Third View Private Wealth. For more information about Third View Private Wealth, including our Form ADV brochures, please visit https://adviserinfo.sec.gov or contact us at (203) 408-0098.
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