Need Money Advice?

Right now, money is kind of a scary thing. Inflation has risen to historic levels, and that has tightened a lot of budgets. Especially for parents, who are always the hardest hit in any economic crisis, figuring out how to make ends meet has never been more important. Because of that, I want to share a couple of really cool tips that you can use today to set you up for success in the future.

Side Hustles

Outside of your regular work, do you have something you’re really good at? It doesn’t need to be something crazy complicated. If you are a really good gardener who can grow great flowers or if you like to make really nice handmade jewelry, then you have a way to start a side hustle. Side hustles have two really cool benefits. The first is the obvious benefit of creating a new revenue stream. The second, less obvious, reason is that a side business opens you up to deductions that can save you money through the year. A home office, for example, can be deducted from your rent. These deductions, depending on your income, can either reduce your tax bill or increase your refund. Either way, they can help set up your finances.

Don’t Fake It Til You Make It

Never fake it til you make it when it comes to money. I know we’ve heard all the stories of Silicon Valley programmers doing exactly that. But the problem is, that is Silicon Valley’s business model. There are a lot of investors in tech because it is such a new industry. No one knows what the next Facebook will be. Programmers in Silicon Valley can fake it until an investor comes and buys their project. For everyone else? The investors won’t come until after you’ve proven your business. Start from a place of experience and confidence when it comes to your money.

Need More Tips?

I covered a lot of information in this episode. There are actually a lot of really cool ways to set up your finances for more stability in the future. I want you to be able to hear every detail, so even if you normally just read the blog, give this one a listen. It could really help you out.

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Catching this insightful Talk To Tatiana episode by CLICKING HERE