Before chasing money in 2025, focus on mastering these key financial concepts:

1. Short-Term Capital Gains: Understand how they are taxed and how to optimize them.
2. Long-Term Capital Gains: Learn their benefits and how they differ from short-term gains.
3. Ordinary Income: Familiarize yourself with how it’s taxed and how it affects your overall finances.
4. Offsetting Capital Gains with Losses: Know whether or not you can offset capital losses with ordinary income and how it impacts your tax liability.
5. Your Tax Bracket: Understand how your tax bracket influences these financial strategies and overall wealth growth.

Very truly yours!