The Financial Operator

In this episode of Mills Knows Bills listeners are invited to check out the audio from a special webinar that Mills conducted on April 27th with tax expert Dion Rincon. In this webinar Mills and Dion address a wide variety of tax questions and concerns that face small business owners and self-employed workers.

Starting from the basics of what taxes are and how tax brackets are determined, Mills and Dion break down everything you need to know about getting yourself, your LLC, or your small business on the right track towards an effective and simplified tax strategy.

This episode is a must listen for any entrepreneur or self-employed worker looking to both minimize their tax payments, maximize their potential write offs, and forecast any potential tax issues or liabilities that their employment status might bring about in 2022!

Topics Include:

• Breaking Down Various Tax Categories
• Calculating Your Current Tax Bracket
• Understanding the Different Types of Tax
• The Importance of Forecasting Your Tax Liability
• What Exactly Is a Tax Write-off?
• How to Minimize Your Tax Liabilities
• How Taxes Differ for Self-Employed Workers
• Strategizing Quarterly Tax Payments
• When and When Not to Register a C Corp
• Using Quickbooks to Simplify Your Taxes

Click here to access the goodies Dion and I talk about!

https://view.flodesk.com/pages/6255782f88ee7df09474fb18

Follow Dion:

Linkedin: https://www.linkedin.com/in/rincondion

Website: https://drbsllc.com/

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In this episode of Mills Knows Bills, Mills shares the audio from an Instagram post that she originally sent out right before the New Year. In this clip, Mills reflects on her frustrations and feelings about being unable to achieve her workout and physical goals while recovering from shoulder surgery.

While sharing these obstacles, Mills uses her experience as an analogy for some of the frustrations and setbacks that a number of her clients have shared when it comes to achieving their financial goals. More often than not we can work hard and achieve everything on our list of financial goals only to see an accident or unexpected expense take us right back to square one.

This episode is a word of encouragement for any listeners who might find themselves struggling to meet their financial goals, or overcome obstacles in this first half of 2022. Mills reminds us of the importance of perspective and consistency when it comes to your financial efforts and encourages listeners to continue to keep striving for their best!!

Topics Include:

• Coping With Financial Obstacles
• The Importance Of Perspective And Consistency
• When It Rains It Pours
• Realizing We Can't Be Perfect All The Time
• How Small Steps Can Boost Confidence

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In this bite-sized episode of Mills Knows Bills, Mills invites listeners to participate in a free webinar she is hosting on Wednesday, April 27th. This special online learning session is geared towards self-employed workers and small business owners who are looking to grasp a better understanding of their tax options, obligations, and loopholes.

Participation in this event is 100% free of charge, however, attendees are encouraged to register for the webinar at https://millsknowsbills.com/webinars in order to qualify for some exciting freebies and exclusive offers.

So if you are a self-employed worker, small business owner, or just participate in the gig economy in any way and are uncertain about your tax liabilities or just want to gather some insights on how you might better prep your taxes in 2023, this is the webinar for you!

Topics Include:

• Understanding Some Tax Basics
• Breaking Down Various Tax Scenarios
• Taxes And Small Business
• Structuring Tax Payments

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In this episode of Mills Knows Bills, Mills is gracious enough to share the audio from a webinar she hosted with a group of self-employed entrepreneurs seeking advice on their retirement. In this brief session Mills outlines the challenges that face many self-employed workers and the tips and tricks to overcoming those challenges when planning for your retirement.

Using free online tools that are available at the MIlls Knows Bills website, Mills will guide listeners through the basics of discovering your Financial Independence Number by running some basic calculations and market-tested formulas. After establishing some personal information like risk aversion and lifestyle needs, Mills then lays out the principles and importance of early investment and consistent payments to your future self in order to help listeners meet their Financial Independence as quickly and efficiently as possible!

Topics Include:

• How Retirement Does Not Correlate With Age
• Establishing Your Financial Independence Number
• Developing A Realistic Budget For Retirement
• Evaluating Your Current Status With Social Security
• Being Honest About When You May Expire After You Retire
• The Importance Of Evaluating Your Risk Aversion
• Learning How To Use A Financial Calculator
• The Importance Of Investing Sooner Rather Than Later
• Understanding And Leveraging Compound Interest
• Learning To Treat Paying Your Future Self Like A Bill
• Understanding Different IRA Structures

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In this special episode of Mills Know Bills, Mills collaborates with a financial advisor and renowned financial blogger Jesse Cramer. Jesse and Mills share their respective stories of how learning to master their finances transformed both their personal lives and professional careers.

In this conversation, listeners will have the chance to listen in as two financial experts exchange notes, share finance stories, and compare and contrast their approaches to financial wellness, wealth management, and personal finance coaching. This casual collaboration covers everything from the basics of getting your finances in order to some of the guiding principles that both Mills and Jesse use when working with clients. So if you've ever wanted to eavesdrop on a couple of financial pros exchanging advice free of charge then this episode is for you!

Topics Include:

• Philosophies On Savings And Investing
• The Three Basics Of Financial Freedom
• Breaking Down Your Budgets
• Breaking Poor Financial Habits
• The Power Of Compounding Interest
• Evaluating Debt Vs Savings

Follow Jesse:

LinkedIn: https://www.linkedin.com/in/jesse-cramer-11b58155

Twitter: https://twitter.com/bestinterest_jc

Blog: https://bestinterest.blog/

Podcast: https://bestinterest.blog/the-best-interest-podcast

Website: https://cobblestonecap.com/

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As we enter the graduation season, Mills shares some advice she imparted to a group of highschool students who are just beginning their journey of financial freedom and choices. Mills candidly talks about her own personal and financial journey, from high school through college and beyond.

While covering some of the basics of net worth, debt, credit, and beyond, Mills also shares the reality of how your financial dreams will take time to grow, and how discovering your purpose can often take you into new and unexpected directions.

The importance of financial literacy from a young age is clear to anyone who has struggled through a period of missteps or youthful naivete. By sharing some key insights on how to build a strong financial future, Mill's hopes to help both young people, and those who are still striving to be young at heart, learn how to invest in themselves so they can invest in their future!

Topics Include:

• The Need For Financial Literacy
• Discovering Your Purpose
• Defining Your Net Worth
• Good Debt Vs Bad Debt
• The Temptation Of Credit Cards
• Young Is Never Too Young To Invest

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In this episode of Mills Know Bills, Mills speaks with financial services provider Alex Casella about a wide range of issues centered on the topic of preparing for and planning your retirement. With over a dozen years of experience in an array of financial services, Alex is the perfect resource to help listeners break down and simplify their retirement strategy.

Whether you work for a corporation, are self-employed, or a combination of both, Mills and Alex will help listeners unpack some of the complicated terminology and financial jargon that can intimidate many people thinking about getting started with their retirement plans.

Alex will also cover some rarely addressed topics like the importance of being properly allocated with your investments and the importance for planning for unforeseen events in your future. So whether you have been planning your retirement for a number of years or have been putting it off for too long, this is the episode for you!

Topics Include:

• A Simple Definition Of Retirement
• Retirement As A Dollar Amount
• Unpacking Various IRA And 401K Options
• Retirement Savings For Self-Employed Workers
• Taxable Non-Taxable And Tax-Deferred Income
• Traditional Retirement Accounts Vs Roth Accounts
• The Importance Of Planning For The Unseen
• How Starting Small Is Better Than Not Starting
• The Importance Of Being Properly Allocated

Follow Alex:

Website: https://www.alexcasella.com/

Linkedin: https://www.linkedin.com/in/alex-casella-58511922

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

TikTok: ​​https://www.tiktok.com/@casellapersonalfinance

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In this episode, Mills shares the audio from a special video collaboration between Mills Know Bills and Ventus Design Studio. In the talk, Mills helps listeners identify some of the top side hustles for 2022 while also helping to define and determine if a side hustle is right for you.

A quarter of the way into 2022 many of you might be struggling to stay on top of your financial goals and resolutions. By joining up with Nicole Sauk from Venture Design studios, Mills aims to help you determine whether a side gig might be just the right move to help keep you on track for your financial goals.

In addition to identifying the 5 most popular hustles of 2022, Mills shares some insights on how Gig income can be maximized within a yearly budget and how to determine if a hobby can be transformed into a part-time gig, or if it's best to remain just a hobby.

Topics Include:

• Defining A Side Hustle
• 5 Trending Side Hustles In 2022
• Determining If You Need A Side Hustle
• How Side Hustles Fit Into Your Yearly Budget
• Determining What Hustle Is Best For You
• The Difference Between A Side Hustle And A Hobby

Follow Nicole:

Website: https://ventusdesignstudio.com/about/

YouTube Video Link: https://www.youtube.com/watch?v=xjG4HM1GC5U

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In this episode, Mills recaps the development of your 2022 money plan. After touching on those basic fundamentals we dive into the principles and techniques necessary to stick with that plan throughout the year.

Mills covers the basics of establishing and controlling your fixed expenses using autopay to ensure you never have late payments. Next we explore the importance of identifying your savings goals such as an emergency fund or house savings and learn to treat those the same as your bills that are on autopay. By doing this you will begin to form a savings habit that will serve you for years to come.

Next Mills covers the importance of Identifying clear savings goals and developing distinct accounts for each goal so that your money is not mixing between different categories of savings.

Lastly we learn how to use unique financial tools like savings "buckets" to sustain savings and curb spending on variably priced bills or expenses throughout the year. The end goal of all of this preparation is to develop a financial plan that is as automated as possible, leaving you time to focus on what really matters!

Topics Include:

• Identifying Mandatory Expenses With Fixed Costs
• The Importance Of Setting Up An Autopay System
• Identifying And Naming Your Savings Goals
• Establishing Distinct Accounts For Distinct Goals
• Mastering Auto Account Transfers To Reach Goals
• Developing An Automated And Flexible Financial System

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In this episode Mills guides us through the basics of establishing a financial plan A.K.A. Budget that works best for your unique needs and lifestyle. Though budgeting does not seem like a glamorous subject, the results of good budgeting are indeed very glamorous.

With the implementation of good budgeting you will find the financial freedom to stop living paycheck to paycheck, pay off your debt faster, and reach your financial goals!

Topics Include:

• Making A Budget That Works For You
• How Budgeting Creates Financial Freedom
• Identifying Your Mandatory Expenses
• Defining Your Discretionary Income
• Establishing Your Extraneous Expenses
• Learning To Work Smarter Not Harder
• How To Use The Cash Envelope System

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