Cash Grab

Your personal credit score can shift month to month based on your activity, and as a business owner juggling loans, personal guarantees, and fluctuating balances, there's more going on than the usual amount. The good news is that monitoring your credit costs nothing, and doing it regularly is one of the easiest personal finance habits you can build.

In this episode, we talk about debt, the various types, and how business owners can take advantage of debt.

In this episode, we talk about the real impact of business credit inquiries, guarantees, and debt on your personal credit profile.

In this episode, we talk about why separating your personal and business expenses is important, and how the legal protections work. The personal, financial, and legal reasons to keep these completely separate go beyond just good bookkeeping.

In this episode, we talk about how this robo-advisor helps business owners invest consistently without having to think about it daily.

If you had a 401k at your last job, you probably just... had it. HR set it up, you picked a contribution percentage, and the money went in automatically.

As a business owner, nobody sets it up for you. Which means a lot of business owners just don't have one. And they're missing out on some of the most powerful tax advantages available to them.

Today we're fixing that.

There's a tax that a lot of new business owners don't find out about until they owe it. It's called self-employment tax, and when you first see the number, it feels like a punch in the stomach.

Here's what it is, why it exists, and more importantly, how to plan for it so it never surprises you.

Here's a real number: the average self-employed person misses over $1,000 in tax deductions every year. Not because they're doing anything wrong, just because tracking every deductible expense throughout the year is genuinely hard.

There's an app that tries to fix that. Let's talk about Keeper Tax.

If you work from home (even part of the time) there's a good chance there's a tax deduction available to you that you're not taking.

The home office deduction makes a lot of people nervous. There's this myth that it's a red flag for audits, or that the rules are too complicated to bother with. Neither of those things is really true. So let's clear it up.

Let me paint you a picture. It's April 14th. You've had a decent year. You sit down with your accountant, and she tells you that you owe $8,400 in taxes.

You don't have $8,400 sitting around. Because nobody told you that as a self-employed person, you're supposed to be paying taxes four times a year. You were just... waiting until April like you always did.

That scenario plays out more than you'd think. Today we're making sure it doesn't happen to you.