Certain streams of income can have different effects on your tax situation because they are taxed in different ways. For example, not all income is included when it comes to figuring out your tax liability at the end of the year. When planning a tax strategy, budgeting for taxes, or doing a mid-year review, you [...]
Ever since I can remember, my dad was always the financial manager in our household. He knew how to support 8 kids and a wife on less than $40,000, and we didn’t lack any basic necessities. As the eldest child, I was the recipient of most of the financial lessons since I saw most of the changes that our family went through over the years – career changes, mission work, and new babies. […]
If you’ve run your own business by yourself for any length of time, you know that you have to wear a lot of different hats to keep things moving forward. Daily responsibilities include things like accounting, marketing, social media management, customer support, etc. With all that and more going on, it’s easy for things to [...]
Whether your business is your side hustle or your full-time hustle, you already know that in order to grow, you will have to eliminate the non-income producing, administrative tasks that suck your time and energy. But how do you do that? As a freelancer or solopreneur, that’s often easier said than done. Money is limited and [...]
A transitioning entrepreneur is one who is employed by someone else, but has a side hustle or independent freelance work “in progress” that generates revenue in addition to employment income. The transitioning entrepreneur actively seeks to grow his/her business with the goal of eventually leaving the job and working full-time for themselves. If your goal [...]
