Please email me, David Chudyk, with any questions, or if you just want to connect: [email protected]

Takeaways:

• Freelancers and independent contractors have more control over their work compared to employees.
• It's important to remember that freelance income is subject to self-employment taxes, unlike W2 income.
• Planning for irregular cash flow is crucial for freelancers and independent contractors.
• Independent contractors can deduct business expenses, which can lower their taxable income significantly.
• Having a good relationship with a tax professional is essential for managing freelance income.
• Freelancers must handle their own training and professional development expenses, which can add up.

Links referenced in this episode:

• www.allofmyassets.com
• [email protected]
• www.weeklywealthpodcast.com

Mentioned in this episode:

Inside the Mind of an Aquirer

Weekly Wealth Website