The Importance of Tax Benefits in a Side Hustle

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So many people in my audience either want to start an online business or they've already started an online business. So can you talk about some of the tax benefits associated with having a business even if it's like a side hustle? I love this question, right? Because I think this is really missed and when I exited my last company in 2019 and I came on to this online world for the first time, I was like, why is no one talking about these things? because they're so critically important.

Simple strategies to build long-term wealth, save on taxes, and recession-proof your small business

Did you know that 73% of Americans say that their finances are the number one stressor in their life?

It’s true, sweet friend. Money (and lack thereof) is top of mind for the large majority of people -- more than family, or even work. I don’t know about you, but I think that statistic is quite concerning!

And I’ll be honest, if you’re worried about your finances -- and you want to make a change -- it’s really hard to know where to even begin.

It seems like there’s so many ‘financial gurus’ out there touting a “think and grow rich” mentality that, quite honestly, is just a bunch of fluff.

That’s what I love about my guest on today’s episode, business and finance expert Candy Valentino. She’ll be the first to admit that building long term wealth takes much more than positive thinking – it takes good old fashioned hard work.

She’s able to break down wealth creation with practical, actionable strategies that anyone can use. And the proof’s in the pudding, because it’s these exact strategies that she used to escape poverty, create a multi-million dollar empire, and become financially free by the age of 40.

I’m super excited to share this episode with you. Not only will you take away Candy’s essential wealth building strategies, but you’ll also hear:

The many tax benefits of having your own business (even if it’s a side hustle)
Tax strategies that can help you give as little to the IRS as possible
Whether or not starting a business during a recession is a good idea
Ways to recession-proof your small business

Just a heads up – you’ll probably want to take notes on this! So get comfy, open up that Google Doc and get ready for an incredibly informative conversation.

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