This is the second half of the Words and Money interview with Jen Turrell, a personal finance trainer helping women business owners gain control of their finances. In this episode we talk about what you need to know when going into business for yourself, the profit and operating expenses of our personal lives (get your Profit First for your Personal Life handout), and everything from paying off debt, paying taxes and interest, and of course, kinky handcuffs.
We chat about:
What you need to think about when starting on your entrepreneurial journey Taxes for self-employed and small businesses and finding someone to talk to (CPA) The Profit First Formula: Sales – Profit = Expenses (get the download) The profit and operating expenses of our lives Sustain Goals – Maintain Goals – Next Level Goals – Dream Goals Jen answers my Quick and Dirty Q&A We get a little sidetracked talking about taxes, interest, and debt… oh, and kinky handcuffs. Then we close out with a fun fact: “This past summer, for the first time ever in history in the United States, the majority of wealth tipped over to being in the hands of women.”Resources:
Danethadoe.com – free resources for picking accounting software for self employed/online entrepreneur’s and small business owners – talk to a CPA about your taxes
Books:
Profit First – Mike Michalowicz
The Toilet Paper Entrepreneur – Mike Michalowicz
I Will Teach You To Be Rich – Ramit Sethi
Organizations:
DailyWorth.com – Amanda Steinberg
Ready For Zero – Debt repayment app
Mastering Money Matters – Jen’s Group
Financial Fluency Podcast – Subscribe to listen to Jen’s episodes and interviews!
