Sunlight Tax

In this episode of the Sunlight Tax Podcast, I introduce my book, Taxes for Humans, a practical, judgment-free tax guide made specifically for creative professionals. I share my personal story and talk honestly about the challenges artists, freelancers, and mission-driven people face when trying to make sense of taxes. We dig into why taxes matter, how they support the communities we care about, and why building financial literacy is so important, especially for people who've been historically left out of traditional financial conversations. My goal in this episode is to help you feel confident claiming your identity as a business owner and to release some of the fear around money. Wealth isn't a moral test; it's a neutral tool you can use to support your values and make positive change.   Also mentioned in this episode: 04:18 The Unique Perspective of Creative Professionals 08:04  Understanding the Importance of Taxes 11:44  The Societal Benefits of Taxes 13:40  The Changing Face of Business 14:39  Embracing Your Identity as a Business 15:33  Overcoming the Fear of Wealth 19:03  The Power of Money and Taxes   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences. Links: Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Join my free class: Make Taxes Easier and Stash an Extra $152k in Your Savings Check out my program, Money Bootcamp Get your free visual guide to tax deductions  

In this episode of The Sunlight Tax Podcast, I'm excited to share something I've been working on for a long time, my new book, Taxes for Humans. This book is for freelancers, artists, and self-employed folks who want to finally understand their taxes and take control of their money. I talk about why tax education matters so much when you work for yourself, how complicated the self-employment system can be, and why I created a character called the Tax Dominatrix to make learning about taxes a lot more fun and less intimidating. I also explain why pre-ordering the book is such a big deal. It helps make sure Taxes for Humans is available to everyone, including people who can't afford traditional financial education programs.   Also mentioned in this episode: 01:17 Overview of 'Taxes for Humans' Book 02:15 Understanding Self-Employment Taxes 04:12 Navigating Tax Complexity 05:34 The Tax Dominatrix Concept 07:21 Importance of Pre-Ordering the Book 08:45 Accessibility of Tax Education   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Links: Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Join my free class: Make Taxes Easier and Stash an Extra $152k in Your Savings Check out my program, Money Bootcamp Get your free visual guide to tax deductions  

In this episode of the Sunlight Tax Podcast, I talk with Dr. Matthew Fiedler about the new One Big Beautiful Bill Act—and what it could mean for your healthcare and taxes.   We break down how the government shutdown affects healthcare access, why there are major Medicaid cuts, and what trade-offs come with the new tax cuts. The conversation highlights the challenges faced by low and moderate-income individuals in accessing healthcare, especially in light of new administrative requirements and potential loss of coverage.    We also talk about what this means if you're self-employed or run a small business. With shifting healthcare policies and tax laws, good bookkeeping and clear financial records matter more than ever.   Dr. Fiedler emphasizes the need for a more rational approach to healthcare financing and the importance of bookkeeping for self-employed individuals.   Also mentioned in this episode: 01:46 Understanding the One Big Beautiful Bill Act 03:07 Impact of Government Shutdown on Healthcare 08:05 Overview of Healthcare Provisions in the Bill 09:30 Trade-offs in Tax Cuts and Healthcare Funding 12:20 Medicaid Cuts and Work Requirements 16:00 Navigating Medicaid for the Recently Unemployed 20:16 Cost-Shifting from Federal to State Medicaid Programs 25:29 Consequences for Low and Moderate Income Individuals 28:18 Changes in Marketplace Coverage Requirements 30:38 Implications for Self-Employed Individuals   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Links: Dr. Matthew Fiedler Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Join my free class: Make Taxes Easier and Stash an Extra $152k in Your Savings Check out my program, Money Bootcamp Get your free visual guide to tax deductions  

In this episode of the Sunlight Tax podcast, I dive into one of the most essential tax deductions for self-employed individuals, focusing on business meals and travel expenses. If you're a freelancer, creative professional, or small business owner, this episode will help you understand what truly qualifies as a deductible expense, so you can stay compliant and keep more of what you earn. I break down IRS rules for business deductions, explain the documentation you need to support your write-offs, and share examples to make these concepts easy to apply. Plus, I talk about why supporting independent bookstores is so important to me and how it ties into the launch of my upcoming book, Taxes for Humans. Also mentioned in this episode: 01:14 Understanding Business Deductions 08:25 Exploring Business Meals and Travel Deductions 15:20 The Importance of Independent Bookstores If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Links: Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Join my free class: Make Taxes Easier and Stash an Extra $152k in Your Savings Check out my program, Money Bootcamp Get your free visual guide to tax deductions  

In this episode of the Sunlight Tax podcast, I dig into the real impact of Buy Now, Pay Later (BNPL) services on spending habits and financial health. These "pay-later" plans may seem harmless, but they can quietly lead people, especially young consumers—into cycles of debt and financial stress. I break down how BNPL changes the way we think about money, what the long-term risks are, and why financial education is one of the most effective tools for protecting yourself. Research shows that learning even the basics of personal finance can save you tens of thousands of dollars over your lifetime.   Also mentioned in this episode: 02:00 Introduction to Personal Finance and Consumer Culture 04:15 The Dangers of Buy Now, Pay Later Services 06:37 The Importance of Personal Finance Education 09:49 The Value of Financial Literacy 12:28 Building Wealth Through Smart Financial Habits   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Links: New York Times Article: They Got To Live A Life Of Luxury. Then Came The Fine Print  'Buy Now, Pay Later' has built a delirious new culture of consumption — and trapped users in a vortex of debt. CNBC Article: You can put a price tag on the value of a personal finance education: $100,000 Join my free class: Make Taxes Easier and Stash an Extra $152k in Your Savings Check out my program, Money Bootcamp Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions  

In this episode of The Sunlight Tax Podcast, I'm unpacking the One Big Beautiful Bill Act (OBBBA)  and what its sweeping health care changes mean for real people and families. We'll dig into how this new legislation affects Medicaid coverage, Planned Parenthood funding, and low-income immigrants, plus what's changing for marketplace insurance subsidies and health savings accounts (HSAs). I'll also share key insights from an excellent healthinsurance.org article by Louise Norris, titled "One Big Beautiful Bill Act Brings Sweeping Changes to Health Coverage." With her permission, I'll be reading excerpts from that piece and you can find the full article linked in the show notes. It's a must-read if you want a deeper understanding of how the One Big Beautiful Bill Act (OBBBA) could reshape American health care and insurance coverage in the years ahead.   Also mentioned in this episode: 03:29  Health Care Provisions Overview 07:02  Medicaid Changes and Impacts 09:17  Planned Parenthood Funding 11:37  Subsidy Eligibility for Low-Income Immigrants 12:32  Impact of Subsidy Changes on Self-Employed 17:09  Health Savings Accounts and Marketplace Plans   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences. Credit: Key insights in this episode come from an excellent article by Louise Norris for healthinsurance.org, titled "One Big Beautiful Bill Act Brings Sweeping Changes to Health Coverage." Shared with permission. Links: Article by Louise Norris published in healthinsurance.org: One Big Beautiful Bill Act brings sweeping changes to health coverage by Louise Norris  Join my free class: Make Taxes Easier and Stash an Extra $152k in Your Savings Check out my program, Money Bootcamp Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions  

In this episode of the Sunlight Tax Podcast, I'm diving into the One Big Beautiful Act, a major tax law that passed this summer. I found a great, nonpartisan article from the Tax Policy Center Urban Institute & Brookings Institution, and with the authors' permission. It's called "When Tax Laws Defy Public Opinion: What OBBBA Reveals." The piece lays out the short-term wins of this law, but also the long-term effects on things like healthcare and our social safety net. What really struck me is the gap between what people want and what lawmakers actually do, and how much wealth drives those decisions. For me, the big lesson is that we need to frame fiscal issues in ways that connect with the public, and ultimately, push for campaign finance reform to get legislation that reflects real public priorities. Also mentioned in this episode: 01:05 Introduction to the One Big Beautiful Bill Act 02:34 The Societal Impact of the Tax Bill 04:44 Public Opinion vs. Legislative Action 07:29 Disparities in Wealth and Policy Preferences 10:31 The Importance of Campaign Finance Reform   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Links: Tax Policy Center Urban Institute & Brookings Institution Article:  When Tax Laws Defy Public Opinion: What OBBBA Reveals Join my free class: Make Taxes Easier and Stash an Extra $152k in Your Savings Check out my program, Money Bootcamp Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions  

In this episode of the Sunlight Tax Podcast, I sit down with Joe Saul-Sehy, host of the Stacking Benjamins Show, for a deep dive into the world of personal finance and the emotional side of money management. Joe shares insights from his journey writing a personal finance book, and we explore topics like budgeting strategies, creating financial systems that work, and learning from our biggest money mistakes. We also discuss how mindset and emotions affect your money decisions, why community and accountability are essential for building wealth, and practical tips for artists and freelancers managing irregular income. Throughout the conversation, we highlight the importance of defining your financial goals, your core money values, and how having the right support network can help you actually achieve them.   Also mentioned in this episode: 06:23 Tools for Financial Management 07:22 Learning from Financial Mistakes 13:07 Navigating Financial Challenges 24:46 The Power of Timelines in Financial Planning 26:30 Defining 'Best' in Financial Goals 33:46 The Emotional Side of Money 44:41 Creating a Sustainable Income Strategy   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Links: The Stacking Benjamins Show Joe Saul-Sehy's Book: Stacked Join my free class: Make Taxes Easier and Stash an Extra $152k in Your Savings Check out my program, Money Bootcamp Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions

In this episode of the Sunlight Tax podcast, I reveal the #1 habit that sets successful freelancers apart: consistent saving. Discover why saving is like a muscle you need to train, how small, steady contributions to retirement accounts can snowball into long-term financial security, and why waiting for the "perfect" moment to save holds you back. I share my personal journey, real success stories from my community, and practical tips to overcome the psychological barriers that keep many creatives and freelancers from building wealth. Whether you're just starting out or have been self-employed for years, you'll learn how to take imperfect but powerful action toward your financial goals and harness the power of compound interest to create a more secure future. If you've ever felt behind on saving, this episode will give you the motivation and strategy you need to start today. Also mentioned in this episode: 01:11 The Key Habit of Successful Freelancers 03:40 Overcoming Perfectionism in Saving 06:37 The Power of Consistent Savings 09:12 Building a Safety Net with Small Contributions 11:51 The Psychology of Financial Habits 14:54 Real Success Stories from the Community 18:26 The Importance of Habits Over Windfalls 21:10 Encouragement and Resources for Financial Security   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Links: Join my free class: Make Taxes Easier and Stash an Extra $152k in Your Savings Check out my program, Money Bootcamp Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions Check out my program, Money Bootcamp  

This week on the Sunlight Tax podcast, I break down the biggest misconceptions about professional accounting services and explain why relying on tax preparation alone doesn't give small business owners or creative entrepreneurs the full value they need. I talk about the importance of proactive tax planning, bookkeeping, and year-round financial strategy, and why high-quality accounting services can feel expensive but are worth the investment. That's exactly why I created Money Bootcamp, a comprehensive course package and bookkeeping setup training for freelancers, sole proprietors, and solopreneurs. It helps get you set up right for taxes, tracking the right things, and growing a giant pile of money without wasting your time.   Also mentioned in this episode: 01:00 Understanding the Value of Professional Accounting 02:19 Common Misconceptions About Accountants 03:43 What You Don't Get with Tax Preparation 06:55 The Costs of Quality Accounting Services 11:40 The Need for Accessible Financial Education 13:49 Money Bootcamp   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Links: Join my free class on 9/17: Make Taxes Easier and Stash an Extra $152k in Your Savings Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions Check out my program, Money Bootcamp

In this episode of the Sunlight Tax podcast, I break down the One Big Beautiful Bill Act and what it means for student loan borrowers. Learn about the new student loan borrowing limits, updated repayment plans, and the challenges facing legacy borrowers under the new law. If you're navigating student debt, education financing, or tax law changes, this episode gives you the clarity and resources you need to make informed financial decisions.   Also mentioned in today's episode: 01:00 Introduction to the One Big Beautiful Bill Act 06:42 New Borrowing Caps and Repayment Plans 13:31 Navigating Legacy Borrower Challenges   Takeaways New student loan borrowers will have only two repayment options after July 2026. The SAVE program is ending, impacting many borrowers. New lifetime caps on borrowing for education will be implemented. Half a million borrowers may see increased payments due to changes. Low and middle-income students may struggle with graduate school costs. The RAP plan offers more flexible repayment options for borrowers. It's crucial to stay informed through reliable resources and articles. Navigating student loans requires careful consideration and action.    If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Other Sunlight Tax podcast episodes about OBBBA: Unpacking Trump's New Tax Law: What You Need to Know About the One Big Beautiful Bill Act Breaking Down Trump's New Tax Law: Cars, New Loan Interest Deduction, and Expiring Energy Credits New Tax Bill: No Tax on Tips, No Tax on Overtime, and New Deduction for Seniors   Links: Help article by Tara Siegel Bernard from the New York Times This article on the NPR website, by Cory Turner  Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions Check out my program, Money Bootcamp  

In this episode of the Sunlight Tax podcast, I break down the One Big Beautiful Bill Act and what it means for taxpayers like you. I explain the campaign promises written into this bill—including the "no tax on tips" provision, the "no tax on overtime" benefit, and the new deductions available for seniors.    My goal is to help you clearly understand how these changes may impact your taxes, your income, and your financial planning. If you want to stay ahead of new tax laws and make the most of these opportunities, this episode is for you.   Also mentioned in today's episode: 03:13  Campaign Promises and Tax Deductions 06:15  Understanding the No Tax on Tips Provision 19:52  Exploring the No Tax on Overtime Provision   Takeaways The One Big Beautiful Bill Act (OBBBA) was passed on July 2nd. The bill includes several campaign promises related to tax deductions. A new higher standard deduction for seniors is introduced. The no tax on tips provision benefits higher income tipped workers. Only qualified tips are eligible for the new deduction. The no tax on overtime provision allows deductions for overtime pay. The deductions expire in 2029, providing limited time benefits. Tax equity is a significant concern with the new provisions. The bill's provisions are retroactive to January 1, 2025.   If you enjoyed this episode, please rate, review and share it!  Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Other Sunlight Tax podcast episodes about OBBBA: Unpacking Trump's New Tax Law: What You Need to Know About the One Big Beautiful Bill Act Breaking Down Trump's New Tax Law: Cars, New Loan Interest Deduction, and Expiring Energy Credits   Links: Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions Check out my program, Money Bootcamp  

In this episode, I dive into the new tax law called the One Big Beautiful Bill Act, focusing on two major updates: the car loan interest deduction and the expiring energy tax credits. I explain why understanding these new tax rules matters, especially if you're considering a clean vehicle tax credit or planning energy efficiency improvements for your home.   With key deadlines approaching, I want to give you clear, actionable insights so you can maximize your tax benefits and make the most of these opportunities before they expire.   Also mentioned in today's episode: 01:00 Overview of the One Big Beautiful Bill Act 03:37 New Car Loan Interest Deduction 13:04 Expiring Energy Credits and Deadlines   Takeaways The new tax law is called the One Big Beautiful Bill Act. There are new deductions for car loan interest starting in 2025. Tax credits for clean vehicles are expiring soon. The deadline for clean vehicle tax credits is September 30th. The car loan interest deduction is only applicable to new cars. You must have the VIN number to claim the car loan deduction. Energy efficiency improvement credits are also expiring soon. The residential clean energy credit is set to expire in 2025. Commercial vehicle tax credits are available for businesses.   If you enjoyed this episode, please rate, review and share it!  Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Other Sunlight Tax podcast episodes about OBBBA: Unpacking Trump's New Tax Law: What You Need to Know About the One Big Beautiful Bill Act New Tax Bill: No Tax on Tips, No Tax on Overtime, and New Deduction for Seniors   Links: VIN decoder Check out my program, Money Bootcamp Link to pre-order my book,  Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions  

In this episode of the Sunlight Tax podcast, I talk about Trump's new tax law, officially called the "One Big Beautiful Tax Bill." I break down its key points, how it impacts different income groups, the updates to clean energy tax credits, and what it means for self-employed people and freelancers.  I also emphasize why it's so important to understand tax laws, and I encourage you to share this information with anyone who might benefit from it.   Also mentioned in this episode: 00:00 Introduction to the New Tax Bill 04:13 Overview of the Tax Bill's Key Points 11:49 Impacts on Low-Income and Wealthy Households 18:55 Changes to Environmental Credits and Clean Energy 19:50 Implications for Self-Employed and Freelancers   Takeaways The new tax bill is officially called the 'one big beautiful tax bill.' I aim to provide clear, fact-checked information about tax laws. The bill extends provisions from the Tax Cuts and Jobs Act of 2017. It is expected to increase the federal deficit by $3 to $4 trillion. The bill primarily benefits households with incomes over $500,000. Medicaid cuts are expected to save $900 billion. The child tax credit has been increased from $2,000 to $2,200. Many environmental tax credits from the Inflation Reduction Act have been eliminated. Self-employed individuals will maintain the qualified business income deduction.   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Other Sunlight Tax podcast episodes about OBBBA: Breaking Down Trump's New Tax Law: Cars, New Loan Interest Deduction, and Expiring Energy Credits New Tax Bill: No Tax on Tips, No Tax on Overtime, and New Deduction for Seniors   Links: Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions Check out my program, Money Bootcamp  

In this episode of the Sunlight Tax podcast, I talk with Reggie Tidwell and Tim Scroggs, the founders of the design agency 40 Hearts. We dive into their journey as designers, explore the impact of AI on the creative industry, and discuss why community and branding matter so much during times of economic uncertainty. Our conversation highlights the need for genuine human connection and the enduring value of creativity in navigating challenges.   Also mentioned in today's episode:   02:52 Meet the Designers: Reggie Tidwell and Tim Scroggs 08:38 Creating Enduring Value in Design 11:58 Navigating Client Relationships and Brand Strategy 14:49 Building Confidence as a Designer 17:35 Embracing the Unknown in Creativity 23:55 AI and the Future of Design 29:56 Community and Connection in the Design World 32:36 The Impact of AI on Creativity and Humanity 41:19 The Importance of Intuition and Human Connection   Takeaways The design industry is evolving with the introduction of AI, but human creativity remains irreplaceable. Branding is essential for businesses, especially during economic uncertainty. Transitioning from a beginner to an expert designer involves gaining confidence and experience. AI should be viewed as a tool to enhance creativity, not a replacement for it. Isolation is a significant challenge for creatives, and community support is vital. Understanding client needs is crucial for effective branding and marketing strategies. Creativity thrives in environments that value human connection and collaboration. The future of design will require a blend of technology and human intuition.   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Links: Reggie Tidwell's Linkedin: https://www.linkedin.com/in/reggietidwell/  Tim Scroggs' Linkedin: https://www.linkedin.com/in/timscroggs/  40 Hearts: https://www.linkedin.com/company/40hearts/  Link to pre-order my book,  Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions Check out my program, Money Bootcamp  

Today, I'm sharing an article I wrote where I give a practical financial overview and is a personal finance cheat sheet for anyone feeling overwhelmed with their finances and taxes.   Listen to this episode to get some finance tips to help you feel more secure as an entrepreneur when it comes to your money.   Also mentioned in today's episode: 02:50  Understanding the Emotional Impact of Money 06:06  Basic Steps to Avoid Financial Disaster 08:55  Debt Management Strategies 12:37  Saving and Investing for the Future 15:52  Empowerment Through Financial Knowledge   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Links: Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions Check out my program, Money Bootcamp  

In this episode of the Sunlight Tax Podcast, I had the joy of interviewing my daughter, Farrah, about her very first job and everything she's been learning about managing money. We talked about the excitement of earning her own income, the value of saving and starting a Roth IRA early, and how taxes work. We even touched on the idea of net worth.  Farrah shared some really thoughtful insights about spending wisely and why she thinks financial education is so important for kids her age (Gen Alpha). It was also fascinating to see how her perspective reflects some of the generational shifts in how we think about money.   Also mentioned in today's episode: 03:12  First Job and Earnings Insights 06:17  Understanding Roth IRA and Compound Interest 08:56  Navigating Taxes and Financial Responsibilities 11:43  Defining Net Worth and Wealth 15:36  Lessons on Spending and Saving 18:05  The Importance of Financial Education   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences. Links: My #1 Tip to Make Your Kid a Millionaire Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions Check out my program, Money Bootcamp

In this episode of the Sunlight Tax Podcast, I'm discussing the benefits of tax-advantaged savings for children, specifically focusing on a Roth IRA for kids. I explain how parents can open a custodial Roth IRA for their kids, the advantages of a Roth IRA, and the importance of teaching children about compound interest and financial literacy.  This episode also emphasizes the long-term benefits of starting early with investments and how this can empower the next generation financially. Also mentioned in today's episode: 00:00 Introduction to Tax-Advantaged Savings for Kids 01:50 Understanding Roth IRAs for Minors 05:28 Investment Strategies for Kids' Roth IRAs 09:05 Teaching Kids About Compound Interest If you enjoyed this episode, please rate, review and share it!  Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Links: Roth vs Traditional IRA: Does it even matter? How to fund your IRA: Pay yourself first Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions Check out my program, Money Bootcamp    

In this episode of the Sunlight Tax Podcast, I'm discussing the critical role of ownership in building wealth, particularly in the context of personal finance and the tax code. I'm sharing my personal journey of negotiating ownership of my work while writing a book, emphasizing the importance of recognizing one's value in collaborative projects and the benefits of investing. This episode encourages listeners to reflect on their own ownership and value in various aspects of life. Also mentioned in today's episode:  00:00  The Importance of Ownership in Wealth Building 03:01  Creating Visuals: The Work Behind Ownership 08:47  Personal Reflections on Ownership and Generosity 10:17  Recognizing Your Value in Collaborative Projects 13:04  Investing: A Path to Ownership and Financial Freedom   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences. Links: Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions Check out my program, Money Bootcamp  

In this episode of the Sunlight Tax podcast, I talk about something that can feel overwhelming for a lot of us: taxes and bookkeeping, especially if you're a self-employed person. I share why having a positive mindset around money stuff really matters and how it can actually make tax season a lot less stressful. I also introduce my new workbook, which is designed to help you move past some of those mindset blocks that can make dealing with taxes feel so heavy. Throughout our chat, I offer practical tips, like why it's so important to have a separate bank account for your business, and how setting up just a few basic expense categories can make a big difference in staying organized. Join me in this episode and feel empowered to take small, proactive steps with your finances so you can ditch the stress and focus on the creative work you love. Also mentioned in today's episode:  03:22  The Importance of Bookkeeping 07:13  Setting Up for Success: Business Bank Accounts 09:57  Mid-Year Check-In and Action Steps   Takeaways The mindset around taxes can significantly impact financial management. Bookkeeping should be done consistently throughout the year. Procrastination in bookkeeping leads to increased stress at tax time. Having a separate business bank account simplifies financial tracking. Every transaction needs to be categorized for accurate tax reporting. Doing any bookkeeping now reduces work at tax time. Mid-year is a great time to assess your financial organization. Setting up expense categories can be done easily with a spreadsheet. A visual guide to tax deductions can help streamline the process. Taking small steps now can lead to greater financial peace later.   If you enjoyed this episode, please rate, review and share it!  Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Links: Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions Check out my program, Money Bootcamp