If you work for a public company, it’s quite possible that you’re missing out on one of the easiest and best ways to save money. This little powerful savings vehicle is called an Employee Stock Purchase Plan and it literally allows you to tap into untapped dollars.
With an ESPP, you can purchase company stock at a discount with money that is funded through payroll, and then turn around and sell your shares of stock for hopefully a profit. Use that extra money to rock all those money goals that you have.
According to Fidelity research, only 29% of people contribute to an ESPP when it’s available at your company. Chances are you could missing out on untapped dollars if you’re not participating.
On This Podcast Episode:
- Get the down low on what an Employee Stock Purchase Plan is
- Understand the two most important pieces of information you need to know
- How you can use the ESPP to fund your money goals
- Why an ESPP is as good as liquid savings
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Shannah Compton Game is a Money Wellness expert, host of the to-rated Millennial Money podcast, and CERTIFIED FINANCIAL PLANNER with an MBA. Millennial Money has over 15 million downloads in 164 countries. Shannah’s years of experience as a skilled Certified Financial Planner have set her on a mission to revolutionize how people think, act, and feel about their finances…and have some fun doing so.