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Jess Rickey

👤 Speaker
1305 total appearances
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Podcast Appearances

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Oh, yeah.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

And just inserting out for three hours.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

in a DRI era.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Exactly right.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

I love that for you.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Wow.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Well, we do love a thrifty tip and there is no gatekeeping here.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Now, don't go anywhere because after the break, we'll be chatting through your money dilemma.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

This one's all about repurposing the profits from what sounds to be a very lucrative side hustle.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Yeah, I think administratively that is just much cleaner.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

You've obviously picked those percentages for a reason.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

I will say make sure that you are putting the appropriate amount of money aside for tax from your side hustle because you will owe tax on that money.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

I'm going to assume that you've already taken your tax money out and what you've got left is the pool of what you have.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

I don't know what the side hustle is.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Like do you need to invest in things for the side hustle?

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Because, again, I would –

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

depending on what it is, like I would maybe, you want to pay for your business from the business effectively.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Like in an ideal world, that's the place that you get to.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

So if you need to pay for postage for things, you know, any of those sorts of bits and pieces, subscriptions for your business, things like that, it's much cleaner to pay for your business from your business profits.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

It also makes it easier at tax time when you've got deductions and things of that nature.