Want to make some free money (up to $10k per year)?

Author: Gagan

💰 Want to make some free money (up to $10k per year)? Enroll in your company’s ESPP & get 30% annualized returns with zero risk. Here’s how?

🔑 I used ESPP from the day I was eligible, and ended up saving and investing a six figure amount because of it. Here’s how you can do the same:

1️⃣ 👩‍💻 Most tech companies (some non-tech companies as well) offer Employee Share Purchase Plans.

2️⃣ 🤯 You can buy up to $25,000 worth of stock in your company at 15% discount in a year.

3️⃣ ✅ Money is directly deducted from your paycheck for a given ESPP period, typically 6 months, say 1st July to 31st December.

4️⃣ 💵 The 15% discount is applied on the lower of the stock price on the first day (1st July) of the ESPP period or the last day (31st December). If the stock is $10 on July 1st, and $12 on December 1st, you will get shares bought at $8.50 per share.

5️⃣ 📈 If the stock is rising, you make more than 15%. If the stock rises 20% during this period, you can make up to $10,000!

6️⃣ 📉 But even if the stock is declining, you can lock in at least 15% returns by selling the stock as soon as you buy it. You can configure this by checking one checkbox in the system where your ESPP is managed.

7️⃣ 💯 15% returns in six months, or 30% annualized, are extremely rare. With ESPP, you get these returns at minimum, with zero risk.

8️⃣ ☔ If you believe that your company is likely to grow in future, you can hold these shares for the long term.

9️⃣ 🎯 Another benefit of the ESPP package is that it forces you to save $25,000 that you would otherwise have found a way to spend!

📣 Now go get that free money. And if you like this post, like and share it so your friends and family can also get this free money. 📣

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