Smart Money Mamas Show

August Mailbag: Taking Maternity Leave, Donor-Advised Funds, & Retirement Funds For Side Hustles


Listen Later

#063: For this episode, we asked the mamas in our free Mamas Talk Money Community on Facebook to send us their questions. If one person in our community has a question, there are no doubt others wondering the same thing. 

Today we’re going to discuss taking a maternity leave from contract work, how you can do the most with donor-advised funds, and why you should open up your own retirement fund for your side hustle. 

(01:15) How can you plan ‘maternity leave’ from your side hustle and/or independent contractor gigs? Either part-time or full-time gig work. 

(03:59)  How do you really find your passion when you have no hobbies. Tangible ways besides asking someone what you’re good at. 

(07:28) Do you have any tips on working on your passion project or side hustle around your kids' needs and schedules while working a full-time job? 

(12:55) Can you talk a little bit about donor-advised fund accounts? Are these only beneficial from a tax standpoint for really high earners? Can you designate the types of charities it gives to or is it at the choice of the fund? 

(21:03) Is it worth opening your own Roth or other fund if you just do side hustles or work very part-time? My passion right now is being mostly home with my toddler son but I love to get out there and work a bit to contribute more. I work several side jobs like Census right now, 1 day a week at a kid’s consignment and I’m a caregiver for my autistic nephew. We have a 403B and a Roth in my husband’s name. 

 

Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/63  

Discover Your Passion Project Workbook: https://smartmoneymamas.com/passion-project-workbook/

...more
View all episodesView all episodes
Download on the App Store

Smart Money Mamas ShowBy Chelsea Brennan

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

118 ratings


More shows like Smart Money Mamas Show

View all
Focus on Marriage Podcast by Focus on the Family

Focus on Marriage Podcast

1,905 Listeners

Focus on the Family with Jim Daly by Focus on the Family

Focus on the Family with Jim Daly

4,842 Listeners

The Side Hustle Show by Nick Loper of Side Hustle Nation | YAP Media

The Side Hustle Show

1,583 Listeners

The Tim Ferriss Show by Tim Ferriss: Bestselling Author, Human Guinea Pig

The Tim Ferriss Show

16,135 Listeners

So Money with Farnoosh Torabi by Farnoosh Torabi

So Money with Farnoosh Torabi

1,945 Listeners

Full-Tilt Parenting: Strategies, Insights, and Connection for Parents Raising Neurodivergent Children by Debbie Reber

Full-Tilt Parenting: Strategies, Insights, and Connection for Parents Raising Neurodivergent Children

969 Listeners

The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business by Jenna Kutcher

The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business

12,041 Listeners

Front Row Seat with Ken Coleman by Ramsey Network

Front Row Seat with Ken Coleman

2,587 Listeners

The Divorce Survival Guide Podcast by Kate Anthony, CPCC

The Divorce Survival Guide Podcast

575 Listeners

I Have ADHD Podcast by Kristen Carder

I Have ADHD Podcast

2,846 Listeners

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing by Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen!, Bleav

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

883 Listeners

The Happiness Lab with Dr. Laurie Santos by Pushkin Industries

The Happiness Lab with Dr. Laurie Santos

14,414 Listeners

Momwell by Erica Djossa

Momwell

301 Listeners

Huberman Lab by Scicomm Media

Huberman Lab

29,128 Listeners

Good Inside with Dr. Becky by Dr. Becky Kennedy

Good Inside with Dr. Becky

4,467 Listeners