I was sitting down with a client and friend yesterday and she was talking me about how she finally decided to automate most of her life. Amazon will automatically ship household goods each month, the staples she needs each week for groceries will be sent automatically, and her paycheck gets split amongst different accounts as soon as she gets paid. The first part of her rationale was since the technology exists so we may as well leverage it. The second part of it was her realizing she didn't need to involve herself in all the tedium of her life.
Read MoreThe Minimalist Guide to Finances: Tidying Up Your Finances /
Ladies, gentlemen, non-binary friends and humans of all identities, yes you can tidy up your finances. Sรญ se puede, guys. Trust me. And once it's there, it's all about maintenance. Getting there could require some effort and energy, but it's worth it. Gone will be the days of you expending mental bandwidth thinking about an old 401(k) account you know you should rollover but you haven't.
Read MoreThe Minimalist Guide To Finances: The Anti-Budget /
Most of American society has had a pendulum swing from rampant consumption to mindful curation. The reasons are likely both by design and by default (The Great Recession). If you're like me, you've at least haphazardly implemented the KonMari method in your home. You've thrown out all your 8-year-old underwear and dusty text books. Now it's time to overlay this philosophy in your financial house.
Read MoreDo I Have to Pay Taxes on Side Gig Income? /
One of the first concepts I learned while studying economics is a phrase made popular by the economist Milton Friedman: "There is no free lunch". An Econ professor once wrote it on the white board in all caps and it's stuck with me ever since.
Read MoreCheck Yourself Before You Wreck Yourself: Understanding Your Credit Score /
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 MoreEverything You Need to Know about IRAs: The Definitive Guide /
You'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 MoreThe Bookkeeping Trinity: Know Your Options /
There 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 MoreHow to Choose An Accountant /
If 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 Strategies for Entrepreneurs /
Tax 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 MoreShould You Formalize Your Business? The Pros and Cons /
Why 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
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