Knowing your credit score is straight forward. You can sign up for an app like Credit Karma and they'll give you credit score. If you apply for a mortgage, the broker will run your credit and they'll tell you your credit score.
Getting your score isn't the problem, the allusiveness lies in understanding how your credit score is actually calculated. The exact formula used to calculate your credit score is like Coca Cola's secret recipe; it's not public information. We do know that calculation consists of five different elements and the weight or level of impact each elements has.
Read MoreYou've probably heard your accountant or that one friend who totally has their shit together talk about how you should be saving for retirement in an IRA. And like a good adult, you probably make all the right noises at the right times to suggest you understand what the hell they're talking about. In case you've been living a lie because you don't really know what the hell an IRA is, I'm here to free you from the shackles of your own confusion.
So let's go balls deep into the non-sensical world of IRAs.
Read MoreThere are three different ways to get bookkeeping set up for your small business: do it yourself, hire someone or a combination of the two.
Read MoreIf you're running a small business, you gotta have a solid accountant. Someone you can trust and who you can call on for advice and counsel. So what are the top things you need to look out for?
Read MoreTax season is in full swing. And in celebration of today's tax deadline (March 15, 2017, is the deadline for filing 2016 S-Corp and partnership tax returns, or extensions, 2017 S-Corp elections, and 2017 Section 475 elections), here are my tax strategies for entrepreneurs.
Read MoreWhy the hell would anyone ever go through the pain of formally setting up a business as an entity? Well, while it is costly and annoying, all the drawbacks come with advantages. Let's break them down so you can to understand what to expect with each entity type
Read MoreDisclaimer: I'm not an accountant and this isn't tax advice.
Alright, alright, alright. Nothing signals the start of tax season like a bunch of creative freelancers emailing me questions about what they can write off on their taxes. But first, maybe you're wondering, "What is a tax write off? And what's the difference between a tax write off and a tax deduction? Is there a difference?"
Read MoreEverything you need to know about who do I send a 1099 to and who gets a 1099 to stay on top of your taxes and stay in the know with IRS changes every year
Read MoreBefore I dive into credit card debt, let's talk about luck, personal responsibility and the role they both play in having your finances in order. I only bring this us up so we can go into this conversation with proper perspective.
It's important to understand that having your finances in order is first a matter of luck and then a matter of personal responsibility.
Read MoreIf you're running a business, it's a pretty smart move to keep your business and your personal finances separate. In fact, if you have a formal business set up, like an s-corp or LLC, you are required to by law. Keep it separate and don't commit fraud, kids.
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