THE SUNLIGHT TAX BLOG:
Tax and Money Education for Creative People, Freelancers and Solopreneurs
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Money Cheat Sheet for the Overwhelmed
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Today, I’m sharing an article I wrote where I give a practical financial overview and is a personal finance cheat sheet for anyone feeling overwhelmed with their finances and taxes.
Listen to this episode to get some finance tips to help you feel more secure as an entrepreneur when it comes to your money.
LISTEN AND SUBSCRIBE HERE
Today, I’m sharing an article I wrote where I give a practical financial overview and is a personal finance cheat sheet for anyone feeling overwhelmed with their finances and taxes.
Listen to this episode to get some finance tips to help you feel more secure as an entrepreneur when it comes to your money.
Also mentioned in today’s episode:
02:50 Understanding the Emotional Impact of Money
06:06 Basic Steps to Avoid Financial Disaster
08:55 Debt Management Strategies
12:37 Saving and Investing for the Future
15:52 Empowerment Through Financial Knowledge
Takeaways
Understanding the order of operations in personal finance is crucial.
Money often represents self-worth and security for many individuals.
Artists may feel disconnected from traditional financial systems but must navigate them.
Basic personal finance steps are universal and can empower individuals.
Avoiding financial disaster is the first step in personal finance.
Pay off high-interest debt first to regain financial control.
Prioritize retirement savings over children's college funds.
If you enjoyed this episode, please rate, review and share it!
Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.
Links:
My #1 Tip to Make Your Kid a Millionaire
Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You’re Self-Employed.
Link to pre-order my workbook, Taxes for Humans: The Workbook
Get your free visual guide to tax deductions
Money Talks: A Conversation with My Gen Alpha Daughter
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In this episode of the Sunlight Tax Podcast, I had the joy of interviewing my daughter, Farrah, about her very first job and everything she’s been learning about managing money. We talked about the excitement of earning her own income, the value of saving and starting a Roth IRA early, and how taxes work. We even touched on the idea of net worth.
Farrah shared some really thoughtful insights about spending wisely and why she thinks financial education is so important for kids her age (Gen Alpha). It was also fascinating to see how her perspective reflects some of the generational shifts in how we think about money.
Listen and Subscribe Here
In this episode of the Sunlight Tax Podcast, I had the joy of interviewing my daughter, Farrah, about her very first job and everything she’s been learning about managing money. We talked about the excitement of earning her own income, the value of saving and starting a Roth IRA early, and how taxes work. We even touched on the idea of net worth.
Farrah shared some really thoughtful insights about spending wisely and why she thinks financial education is so important for kids her age (Gen Alpha). It was also fascinating to see how her perspective reflects some of the generational shifts in how we think about money.
Also mentioned in today’s episode:
00:00 Introduction to Money Conversations
03:12 First Job and Earnings Insights
06:17 Understanding Roth IRA and Compound Interest
08:56 Navigating Taxes and Financial Responsibilities
11:43 Defining Net Worth and Wealth
15:36 Lessons on Spending and Saving
18:05 The Importance of Financial Education
19:08 Reflections on Generational Financial Preparedness
Takeaways
Farrah's first job was a significant milestone in her understanding of money.
Earning income brings excitement but also the responsibility to save.
A Roth IRA is a powerful tool for long-term savings due to compound interest.
Understanding taxes is crucial, as they are a personal responsibility.
Saving money requires discipline and foresight, especially for young people.
Teaching kids about money management can empower them for the future.
Generational differences exist in financial preparedness and knowledge.
If you enjoyed this episode, please rate, review and share it!
Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.
Links:
My #1 Tip to Make Your Kid a Millionaire
Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You’re Self-Employed.
Link to pre-order my workbook, Taxes for Humans: The Workbook
Get your free visual guide to tax deductions
Year End Savings: Charitable Deductions
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Today, I’m continuing my series about year-end tax saving tips and talking about charitable contributions and their tax implications for self-employed individuals including strategies for maximizing your charitable contributions.
Listen to this episode to get all the information you need to maximize your charitable donations and to learn the tax limitations of donating your creative work.
Listen and Subscribe Here
Today, I’m continuing my series about year-end tax saving tips and talking about charitable contributions and their tax implications for self-employed individuals including strategies for maximizing your charitable contributions.
Listen to this episode to get all the information you need to maximize your charitable donations and to learn the tax limitations of donating your creative work.
Also mentioned in today’s episode:
Itemized deductions vs. standard deductions 2:30
Strategies for maximizing your charitable contributions 12:44
Donating creative work and tax implications 15:03
If you enjoyed this episode, please rate, review and share it!
Links:
Qualified tax exempt organization search
3 Keys to Unlock Your Money Mindset
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Today, I’m talking about the emotional and psychological challenges of navigating money as a self-employed individual and sharing my own personal experiences with money mindset struggles while giving you some tips on how you can push past these mindset blocks.
Join me in this episode to learn the 3 keys on how to shift your mindset away from thinking negatively about money and gain some practical advice on how to improve your money skills.
Listen and subscribe here
Today, I’m talking about the emotional and psychological challenges of navigating money as a self-employed individual and sharing my own personal experiences with money mindset struggles while giving you some tips on how you can push past these mindset blocks.
Join me in this episode to learn the 3 keys on how to shift your mindset away from thinking negatively about money and gain some practical advice on how to improve your money skills.
Also mentioned in today’s episode:
Setting boundaries and overcoming guilt 2:30
Understanding the neutrality of money 11:40
The 3 keys to shifting your money mindset 19:10
If you enjoyed this episode, please rate, review and share it!
Links:
Why You Get Stuck in a Tax Pain Cycle
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In today’s episode, I’m chatting about the common cycle of pain self-employed individuals face during tax season and how tax preparation services often lack the education necessary to break this cycle.
Join me today to learn how you can implement systems that can help you avoid large, unexpected tax bills and penalties going forward.
Listen and subscribe here
In today’s episode, I’m chatting about the common cycle of pain self-employed individuals face during tax season and how tax preparation services often lack the education necessary to break this cycle.
Join me today to learn how you can implement systems that can help you avoid large, unexpected tax bills and penalties going forward.
Also mentioned in today’s episode:
The cycle of pain: the initial challenges 4:12
Surprise tax bill and its consequences 4:50
Breaking the cycle of pain with simple systems 10:25
If you enjoyed this episode, please rate, review and share it!
Links:
Register for the free class, Make Taxes Simple and Stash an Extra $130k in Your Savings.
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