Money Talk With Tiff

About Our Guest

Laura Gariepy is the owner of Every Day by the Lake, LLC, a freelance written content creation company that helps busy business owners stay top of mind with their target audience. She is also a business coach to new and aspiring freelancers and runs an online resource hub for them called Before You Go Freelance. In addition, she helps other writers get clear on their message, plan their content, and produce compelling written works.

Connect with Laura

Email: [email protected]  Twitter: @EverydayLake 

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In this episode, Tiffany Grant sits down with Aimee La Liberte, the owner of My Virtual CFO, to delve into crucial tax strategies and financial management for small businesses. Whether you're a new entrepreneur or a seasoned business owner, this episode is packed with essential insights to help you navigate your financial needs effectively.

Identifying Financial Support Needs

• Aimee emphasizes the importance of understanding specific financial support requirements.
• Options include hiring a bookkeeper, a fractional CFO, or a CPA based on your business's financial complexity.

Tiffany’s Experience

• Tiffany shares her journey in managing business finances, initially considering only a bookkeeper but realizing the need for strategic financial assistance from a CPA or fractional CFO for tax strategy and growth.

Tool Spotlight - QuickBooks Online

• Highlighted as a valuable tool for handling payroll and basic bookkeeping tasks efficiently.

Profit Creation and Tax Payment

• Profit signifies wealth creation for the business owner.
• Paying taxes is an indicator of business profitability and supports societal infrastructure.

Positive Perspective on Taxes

• Reframe your mindset to view tax payments as a positive contribution to governmental services and a marker of business success.

Business Structure Recommendations

• Start with an LLC to establish credibility and legal entity status.
• Transition to an S Corp as profits increase to take advantage of tax benefits and structured payroll.

Financial Management Strategy - Profit First

• Implement the "Profit First" methodology by Mike Michalowicz:
• Create five bank accounts for better cash flow management: Income, Profit, Tax, Owner’s Pay, Operating Expenses.
• Distribute incoming funds according to preset percentages to ensure saving for taxes and allocating profit.

Budgeting and Mindset

• Using separate accounts for different financial needs alleviates financial fear and ensures budget management.
• Structure finances to allow consistent owner pay and expense management without disruption.

As the owner of My Virtual CFO, Aimee is a trusted profitability advisor to six and seven-figure business owners who are tired of being behind in their books and are ready to uncover blind spots, course correct, and ultimately get more profitable. Aimee also is a certified life and money coach and works with business owners who seek greater confidence and unwavering drive to attract and build wealth in their businesses and lives.

Website: https://myvirtualcfo.co/

Amira Alvarez is the founder and CEO of The Unstoppable Woman, a global coaching company helping entrepreneurs, empire builders, and rising stars in all fields achieve their dreams and goals in record time. As someone who has made a quantum leap (going from barely making 6-figures to making $700k in one year, then onto 7-figures) and has lived to tell about it, she knows exactly what tactical strategies and mindset shifts are required to get out of your own way, live life on your own terms, and master the art of achieving any goal you set your mind to.

Instagram: https://www.instagram.com/theunstoppablewoman/

Facebook: https://www.facebook.com/theunstoppablewomanpage

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Brandon is a certified Immigration Consultant with ICCRC and is the founder of Maple Immigration Services. Brandon approaches immigration differently by taking a holistic approach to immigration & settlement. The very unique approach led to The Immigration Success System™ and a published book "Second Passport" that outlines this system and introduces the idea and benefits of a Second Passport in Canada. Brandon is a proud Canadian who sees himself as a nation builder responsible for shaping the Canada of tomorrow with its true asset-the people who call Canada their home.

Brandon is passionate about everything immigration and enjoys not only helping people to come to Canada but seeing that they get integrated into the country. Although Brandon’s main focus is to provide immigration legal services, he has worked as a settlement counselor, a volunteer to the regulatory body and a teacher at a local college where he enjoys teaching and mentoring new immigration students. Brandon has firm family roots in Canada, but he has traveled and worked extensively overseas extensively for over a decade, which allows him to identify and service clientele from many different countries. Brandon is married and lives in Toronto with his wife and 2 young daughters.

LinkedIn

Website: https://www.mysecondpassport.ca

Email: [email protected]

Facebook: https://www.facebook.com/2ndpassport.ca

Facebook: Money Talk With Tiff

Twitter: @moneytalkwitht

Instagram: @moneytalkwitht

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YouTube: Money Talk With Tiff Channel

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About Our Guest

Sarah Holden is Senior Director of Retirement & Investor Research at the Investment Company Institute (ICI), the leading association representing regulated funds globally, including US mutual funds and exchange-traded funds (ETFs). Sarah has a Ph.D. in economics and has studied retirement trends and policy, as well as the behavior of investors, for decades. She uses humor and plain English to make retirement and investment concepts clear.

Connect with Sarah

Linkedin

Episode Resources

Individual Retirement Account

Exchanged-Traded Funds

401(k) Resources

Connect with Tiffany on Social Media

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Tiffany sits down with Anna Serio to discuss everything you need to know about successfully running a small business in the midst of a pandemic. 

About Our Guest

Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary.

Connect with Rebecca Email: [email protected]

Twitter: https://twitter.com/finder

Connect with Tiffany on Social Media

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Rebecca and Tiffany sit down to talk about how they think about their money, money blocks and manifesting. Rebecca shares her story of being able to remove her personal money blocks and her journey growing as an entrepreneur. They delve into understanding your purpose as an entrepreneur and how to think about your money. 

About Our Guest

Rebecca Wiener McGregor is an Amplifier of Love and catalyst for breakthroughs! She shares her gifts as a transformational hypnotist + money mindset coach committed to helping visionary women live their Truth, step into their Divine Purpose, and create the life of their dreams. Over the last 17 years, she has helped thousands of clients to release old blocks, traumas, loss, and hidden fears to find a deeper sense of self-worth and determination to live life on their own terms. Using that self-worth and determination as fuel to create the life they’ve been dreaming of with deeper connection, more joy, more impact, wealth, and more fun! Rebecca’s clients include spiritual entrepreneurs, coaches, healers, executives, entertainers, and influencers--women who have a message to share with the world. She’s worked with women across the country and around the world to release limiting beliefs and rewire their subconscious minds to feel limitless, take action, and create a life filled with abundance. Rebecca lives with her husband (in a relationship she manifested) and her rescue dogs Lucy, Millie, and Winston in Sioux Falls, South Dakota where she loves books, art, music, has the ever-so-slight Netflix infatuation, and loves spending time hosting her friends and family.

Connect with Rebecca

Facebook: https://www.facebook.com/iamrebeccasue Instagram: @iamrebeccasue Email: [email protected]

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Chris owns a family business and runs website LifeUpswing.com, he was diagnosed with type 1 diabetes and decided to use his arms to help others.

About Our Guest

Hey, I’m Chris. I have a degree in Business Economics from the University of Liverpool, own a small fast food business and run LifeUpswing.com. I've ran my own business for over a decade now and after being diagnosed with Type 1 diabetes at the age of 33 - decided to start my personal finance blog to help others and make some extra income. The journey thus far has been tough, but my website is growing and I'm starting make a few hundred dollars a month in affiliate sales. I aim to be at 50,000 session visits by the end of the year, monetized with display ads and making over $1000 a month.

Connect with Chris

Twitter: https://twitter.com/chrispanteli87 Facebook: https://www.facebook.com/Azulaozhino/https://www.facebook.com/lifeupswing Instagram: https://www.instagram.com/life.upswing/ Email: [email protected]

Connect with Tiffany on Social Media

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You will find many gems in this episode as Charles Weems, a successful entrepreneur, shares tons of his knowledge with Tiffany.

About Our Guest

Charles E. Weems III was born and raised in Decatur, Ga. He attended Columbia High School and received a full golf scholarship to Grambling State University in Grambling, Louisiana. While in school, Mr. Weems began his software engineering career by having the opportunity to work with university IT professionals to improve school-related software and work with the schools' web presence using technologies such as Adobe Flash. Upon graduating from college with a BS in Computer Science and Mathematics, he began his career at a small IT firm located in the Atlanta area as a junior software engineer specializing in web application development for government agencies. He also worked with smaller clients, building websites and tutoring students in mathematics. After learning more about business through relationships with other business owners, in 2006, Charles organized Weems Design Studio (WDS), starting with himself to offer his expertise in web design and software engineering to small firms. Mr. Weems has received many accolades from industry professionals for his expertise in software engineering, like being one of the first to implement HTML5 technology to design games that could be implemented on mobile devices and gaming consoles. Today, WDS has grown to a staff of 50+ people and expanded its services to include data analytics and bioinformatics. He has held a position as chairman of the board with Ga Tech's I3L organization, focusing on healthcare IT research. Most recently, Mr. Weems has received Class II Award with the GMSDC for companies that gross between $1M and $10M annually, Small Contractor of the Year for USDA for work with modernization, and nominated for the National award with the GMSDC. He has been featured in Black Enterprises Magazine, The Minority Business Development Agency (MBDA,) and TVOne online. He is married and has a little girl on the way. He enjoys golf, martial arts and loves the Marvel Cinematic Universe.

Connect with Charles

Linkedin: https://www.linkedin.com/in/charles-weems-iii-b9770634 Facebook: https://www.facebook.com/Azulaozhino/

Connect with Tiffany on Social Media

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Tiffany sits down with Bevin to talk all things financial wellness. Bevin shares some gems when it comes to investing and gets real about her real estate investing strategy. In this episode, learn everything you need to know about contributing to your 401k, paying off debt, and so much more. 

About Our Guest

Bevin Morgan is a Financial Wellness Coach that specializes in helping Black female entrepreneurs and creators gain confidence in their financial futures with a touch of woo woo. Through either 1:1 coaching or her new group course, you will learn to manage your money mindset, create an ideal future vision, get intimately familiar with your current reality and then take the one next step you need to fix your finances. If you don’t need coaching, join the private social network (no, it’s not a Facebook group) to find accountability from women like you, curated resources and expert advice to help you bust through your current financial challenges.

Connect with Bevin

Email: [email protected] Instagram: instagram.com/bevinmorgan Facebook: https://www.facebook.com/bevinmorganfinancialcoach

Connect with Tiffany on Social Media

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