Haley Sacks
๐ค SpeakerAppearances Over Time
Podcast Appearances
That's such an interesting point, right, Mick?
Because it sounds like for this person, which I mean, it happened for me too, when I started Mrs. Dow Jones, that you sort of play with a business idea and then you're like, oh, wait, it's sort of working.
And then you realize, okay, there's a lot that comes with this that I have to put together to do it successfully.
And so when I started Mrs. Dow Jones and started making real money, I didn't really understand quarterly estimated taxes.
Like I was just depositing checks, feeling really great about life.
And then, you know, tax season hit and I got slammed with a giant bill that I was unprepared for and had to scramble and cover it.
And, you know, that tax awakening is something that most solopreneurs have.
And it is completely avoidable if someone just tells you ahead of time and you start taking like 30 to 40% of each of your paychecks and just putting them in a high yield savings account.
So that when tax time comes around, you don't have any surprises.
Have you ever had a tax thing like that happen?
I really appreciate that.
I also want to shout out something that I talk about in the book too, is like the separation of your business and personal finances.
Because obviously, like I say this so much in the book, like you are your best asset, like invest in yourself, like build your skills.
So much of the book, this is not a shameful finance book, but it's about like cutting back, no lattes, no avocado toast.
It's about like
You, as a future rich person, making more money and then knowing what to do with it and also avoiding spending it all, even though we are in this society where our parents were advertised to 500 times a day and we're advertised to 5,000 times a day.
So it's hard.
But when you...
Start a business.
I think a lot of people are like, okay, I got to go all in on the business.