Comments on: What is an ESPP? https://www.campfirefinance.com/what-is-an-espp/ A personal finance community for those seeking FIRE, by those seeking FIRE Thu, 28 May 2020 23:13:51 +0000 hourly 1 https://wordpress.org/?v=5.4.2 By: Ty @ Get Rich Quick'ishhttps://www.campfirefinance.com/what-is-an-espp/#comment-203 Thu, 08 Sep 2016 17:15:00 +0000 https://getrichquickishdotnet.wordpress.com/2016/04/28/espp-get-rich-quickish-using-free-money#comment-203 In reply to Mystery Money Man.

Exactly! Between my ESPP and 401k participation, I bring in well over $10k more per year than I would if I didn’t participate. I’m sure I could do even better if I were to participate in my HSA option. That would allow me to lower my tax bill and have those pre-tax dollars invested where they could make even more money. Another double win. Also, many employers offer other great benefits like life & disability insurance. Take a look at all the benefits your employers offers you on top of your base salary!

]]> By: Mystery Money Manhttps://www.campfirefinance.com/what-is-an-espp/#comment-202 Thu, 08 Sep 2016 03:43:00 +0000 https://getrichquickishdotnet.wordpress.com/2016/04/28/espp-get-rich-quickish-using-free-money#comment-202 Love this post, Ty! I agree wholeheartedly that as an employee, you should always take advantage of not only stock purchase plans like the ones you describe, but also any other benefits that are available. People often don’t recognize how much value exists in the many programs available to them. A generous benefits package can potentially add 25-30% to an employees compensation, over and above base salary. Free money indeed!

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