Disrupt Your Money: Wealth Building Strategies for Marginalized Business Owners

Katy Chen-Mazzara joins us on the show today to help us explain why taking financial advice from privileged white guys is not the move. That’s right- we’re doing a deep dive into the not-so-wise words of Dave Ramsey. Meg and Katy chat about the nuances that folks like Ramsey completely gloss over to create one-size-fits-all programs that really fit nobody.  Join us as we discuss: The hypocrisy and double standards of “advisors” like Dave Ramsey  Why debt isn’t automatically a dirty word  What is involved in creating generational wealth The worst piece of Dave Ramsey financial “advice” at 30:00 Navigating job loss while keeping your finances afloat  Need to get your money stuff set up right? Join the Biz Money Library for Free- https://equitablemoneyproject.com/free  Submit Your Questions - DisruptYourMoney.com Leave A Review- Apple Podcasts or wherever you listen  Katy Chen Mazzara is a certified trauma-informed Master financial wellness coach and graduate of UC Berkeley’s Personal Financial Planning Program. As a former freelance TV producer and award-winning documentary filmmaker, Katy understands the balance between dreaming and doing. She helps creative freelancers and entrepreneurs release generational traumas and fears so that they can find emotional and financial freedom. You can learn more about Katy on her website, follow her on Instagram @katychenmazzara. Retreat information can be found here.   💰✊🏾💸✊🏽💵✊🏻 This podcast is hosted by Meg K. Wheeler, CPA and Biz Money Coach and Founder of the Equitable Money Project. Meg is on a mission to turn online educators, service providers and coaches from Not Numbers People to Badass Money Makers. Are you ready to Disrupt Your Money? Learn more about Meg and the Equitable Money Project here! This podcast is intended for informational & educational purposes only and is not intended as professional financial advice.  💰✊🏾💸✊🏽💵✊🏻 Connect with Meg across social: Facebook Instagram- Equitable Money Project Instagram- Meg K. Wheeler Pinterest Did you Disrupt Your Money, build your bank account, and transform your way of life?  Tell us how this episode impacted you and leave a review at Apple Podcasts or wherever you listen.  Breaking down financial systems is always better with a buddy - tell a friend about this podcast so you can Disrupt Your Money together: http://disruptyourmoney.com Song Credit: Midnight Specials by Ash Nino

If you're thinking of starting a business or have just started one, you're probably overwhelmed by the million and one things you need to know. That's why the goal of this episode is to give you enough guidance to get some good systems in place without making things too complex. Listen up as we talk about how you can start your business and get the money stuff set up in a way that won't f*** it up. Join us as we discuss: The tools you need to build and grow a long-lasting and financially-stable business Why having a biz money plan is crucial to your success What "treating your business like a real business" means Want to set up your accounting system? We recommend Wave Apps for newbies: https://www.waveapps.com/  Ready to get a separate business bank account? We're big fans of Novo: https://equitablemoneyproject.com/novo (affiliate link)  Need to get your money stuff set up right? Join the Biz Money Library for Free- https://equitablemoneyproject.com/free  Submit Your Questions - DisruptYourMoney.com Leave A Review- Apple Podcasts or wherever you listen  💰✊🏾💸✊🏽💵✊🏻 This podcast is hosted by Meg K. Wheeler, CPA and Biz Money Coach and Founder of the Equitable Money Project. Meg is on a mission to turn online educators, service providers and coaches from Not Numbers People to Badass Money Makers. Are you ready to Disrupt Your Money? Learn more about Meg here! This podcast is intended for informational & educational purposes only and is not intended as professional financial advice.  💰✊🏾💸✊🏽💵✊🏻 Connect with Meg across social: Facebook Instagram- Equitable Money Project Instagram- Meg K. Wheeler Pinterest Did you Disrupt Your Money, build your bank account, and transform your way of life?  Tell us how this episode impacted you and leave a review at Apple Podcasts or wherever you listen.  Breaking down financial systems is always better with a buddy - tell a friend about this podcast so you can Disrupt Your Money together: http://disruptyourmoney.com Song Credit: Midnight Specials by Ash Nino

We’re getting technical today, but it’s for a good reason. S Corps or S Corporations are a hot topic among business owners, but they are not a “one size fits all” solution. Listen to this episode to find out exactly what an S Corp Election is, who it benefits, and what you need to do if you decide this is the right choice for your business.  Join us as we discuss: What exactly an S Corp is (spoiler alert- it’s a tax entity NOT a legal entity) The steps you need to take to become an S Corp Wondering if you should elect to be an S Corp? Take this quiz- it will help guide you as you get more information.  Need help figuring out a reasonable compensation? We offer Reasonable Compensation Reports and you purchase one here.  Ready to set up payroll? We love Gusto! (affiliate link) Need to get your money stuff set up right? Join the Biz Money Library for Free- https://megkwheeler.com/free  Submit Your Questions - DisruptYourMoney.com Leave A Review- Apple Podcasts or wherever you listen  💰✊🏾💸✊🏽💵✊🏻 This podcast is hosted by Meg K. Wheeler, CPA and Biz Money Coach and Founder of the Equitable Money Project. Meg is on a mission to turn online educators, service providers and coaches from Not Numbers People to Badass Money Makers. Are you ready to Disrupt Your Money? Learn more about Meg here! This podcast is intended for informational & educational purposes only and is not intended as professional financial advice.  💰✊🏾💸✊🏽💵✊🏻 Connect with Meg across social: Facebook Instagram- Equitable Money Project Instagram- Meg K. Wheeler Pinterest Did you Disrupt Your Money, build your bank account, and transform your way of life?  Tell us how this episode impacted you and leave a review at Apple Podcasts or wherever you listen.  Breaking down financial systems is always better with a buddy - tell a friend about this podcast so you can Disrupt Your Money together: http://disruptyourmoney.com Song Credit: Midnight Specials by Ash Nino  

Ann K. Emery is on the podcast today! Ann is a client, a friend, and also a total inspiration- especially when it comes to building a business that supports the life you want to lead. Ann’s work as a data visualization visionary has brought her around the world, but when she started her family she knew she needed to completely re-imagine her lifestyle and how she ran her business.  Join us as we discuss: Growing your side hustle into your full-time gig one baby step at a time The challenges of balancing a growing family and a growing business How to create systems that do the work you don’t love doing What it’s like to be a digital nomad with three kids in tow  Need to get your money stuff set up right? Join the Biz Money Library for Free- https://megkwheeler.com/free  Submit Your Questions - DisruptYourMoney.com Leave A Review- Apple Podcasts or wherever you listen  All About Ann:  Ann K. Emery is an internationally acclaimed speaker who equips organizations to get their data out of dusty spreadsheets and into real-world conversations. Each year, she delivers over 100 keynotes, workshops, and webinars with the aim of equipping organizations to visualize data more effectively. She has been invited to speak in 30 states and 10 countries; 7,500 people have enrolled in her online training academy; and she has consulted to 200 organizations, including the United Nations, Centers for Disease Control, and Harvard University. She earned a Bachelor’s degree from the University of Virginia and a Master’s degree from George Mason University. After traveling full-time as a digital nomad, Ann now resides in Florida along with her husband and three children. Find her work at Depict Data Studio, connect with her on LinkedIn, and follow her adventures on Instagram @AnnKEmery.  💰✊🏾💸✊🏽💵✊🏻 This podcast is hosted by Meg K. Wheeler, CPA and Biz Money Coach. Meg is on a mission to turn online educators, service providers and coaches from Not Numbers People to Badass Money Makers. Are you ready to Disrupt Your Money? Learn more about Meg here! This podcast is intended for informational & educational purposes only and is not intended as professional financial advice.  💰✊🏾💸✊🏽💵✊🏻 Connect with Meg across social: Facebook Instagram- Equitable Money Project Instagram- Meg K. Wheeler Pinterest Did you Disrupt Your Money, build your bank account, and transform your way of life?  Tell us how this episode impacted you and leave a review at Apple Podcasts or wherever you listen.  Breaking down financial systems is always better with a buddy - tell a friend about this podcast so you can Disrupt Your Money together: http://disruptyourmoney.com Song Credit: Midnight Specials by Ash Nino

Starting the 2nd season of Disrupt Your Money with something truly sexy- 2022 Tax Law Changes! Ok, ok- maybe they aren’t sexy but they ARE important.  Join me as I discuss: The difference between tax credits and tax deductions What has happened to the child tax credit and charitable tax deductions since the pandemic “ended” Clean and Electric Vehicle (EV) Tax Credits- are they worth it?  Where are we on the Form 1099-K roll out? (Spoiler alert- it’s stalled, but you still need to report that income!) Need to get your money stuff set up right? Join the Biz Money Library for Free- https://megkwheeler.com/free  Submit Your Questions - DisruptYourMoney.com Leave A Review- Apple Podcasts or wherever you listen  💰✊🏾💸✊🏽💵✊🏻 This podcast is hosted by Meg K. Wheeler, CPA and Biz Money Coach. Meg is on a mission to turn online educators, service providers and coaches from Not Numbers People to Badass Money Makers. Are you ready to Disrupt Your Money? Learn more about Meg here! This podcast is intended for informational & educational purposes only and is not intended as professional financial advice.  💰✊🏾💸✊🏽💵✊🏻 Connect with Meg across social: Facebook Instagram- Equitable Collective Instagram- Meg K. Wheeler Pinterest Did you Disrupt Your Money, build your bank account, and transform your way of life?  Tell us how this episode impacted you and leave a review at Apple Podcasts or wherever you listen.  Breaking down financial systems is always better with a buddy - tell a friend about this podcast so you can Disrupt Your Money together: http://disruptyourmoney.com Song Credit: Midnight Specials by Ash Nino

The 2022 midterm elections were supposed to be a red wave, but really it was more of a trickle. In this post-midterm election recap, our Content and Community Manager Sarah, joins Meg to celebrate, commiserate, and even call Senator Elizabeth Warren.  Join me as I discuss: Why elections matter- even at the city, town, and state level How elections impact your business and your taxes Why business owners need to take a side when it comes to politics in order to move important issues like equity and justice forward  Submit Your Questions - DisruptYourMoney.com Leave A Review- Apple Podcasts or wherever you listen  💰✊🏾💸✊🏽💵✊🏻 This podcast is hosted by Meg K. Wheeler, CPA and Biz Money Coach. Meg is on a mission to turn online educators, service providers and coaches from Not Numbers People to Badass Money Makers. Are you ready to Disrupt Your Money? Learn more about Meg here! This podcast is intended for informational & educational purposes only and is not intended as professional financial advice.  💰✊🏾💸✊🏽💵✊🏻 Connect with Meg across social: Facebook Instagram- Equitable Collective Instagram- Meg K. Wheeler Pinterest Did you Disrupt Your Money, build your bank account, and transform your way of life?  Tell us how this episode impacted you and leave a review at Apple Podcasts or wherever you listen.  Breaking down financial systems is always better with a buddy - tell a friend about this podcast so you can Disrupt Your Money together: http://disruptyourmoney.com Song Credit: Midnight Specials by Ash Nino

Pay Yourself First If you’re not paying yourself from your business, it might just be a hobby. And that’s totally ok. BUT, if you want it to be a business, and I think you do, you need to pay yourself FIRST! In this episode, we’re talking about why it’s so important to pay yourself consistently and well.  Join me as I discuss: Profit First Accounting Budget Tool >> Business Budget Tracker Why you have to pay yourself consistently if you want your business to succeed We Should All Be Millionaires by Rachel Rodgers  Bookshop.org (Affiliate Link- no extra cost to you, but we get a tiny commission!) Submit Your Questions - DisruptYourMoney.com Leave A Review- Apple Podcasts or wherever you listen  💰✊🏾💸✊🏽💵✊🏻 This podcast is hosted by Meg K. Wheeler, CPA and Biz Money Coach. Meg is on a mission to turn online educators, service providers and coaches from Not Numbers People to Badass Money Makers. Are you ready to Disrupt Your Money? Learn more about Meg here! This podcast is intended for informational & educational purposes only and is not intended as professional financial advice.  💰✊🏾💸✊🏽💵✊🏻 Connect with Meg across social: Facebook Instagram Pinterest Did you Disrupt Your Money, build your bank account, and transform your way of life?  Tell us how this episode impacted you and leave a review at Apple Podcasts or wherever you listen.  Breaking down financial systems is always better with a buddy - tell a friend about this podcast so you can Disrupt Your Money together: http://disruptyourmoney.com Song Credit: Midnight Specials by Ash Nino

If you are a listener to the show, you know I love things that people usually do not love i.e. the IRS and taxes. If you are new to the show, please do not leave without listening to what I have to share. In this episode, I will be diving into the importance of filing Quarterly Taxes! You may have groaned but stay with me; this is important information for not just business owners but you too, W2 earner! Join me as I discuss: Fines Penalties Sole Proprietorship Single Member LLC Multi Member LLC Flow through entity Tax Rates Safe harbor number CPA Return-free filing Inequitable tax laws Trump Tax Reform The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax Submit Your Questions - DisruptYourMoney.com Honorable Mentions Underpayment of Estimated Tax by Individuals Penalty The Advantages and Disadvantages of the Different Types of Business Entities IRS provides tax inflation adjustments for tax year 2022 Elon Musk: My wealth ‘isn’t some deep mystery.’ My taxes are super simple How Could We Improve the Federal Tax System? How to Calculate & Pay Estimated Taxes A U.S. Freelancer’s Handy Guide to Quarterly Taxes 💰✊🏾💸✊🏽💵✊🏻 This podcast is hosted by Meg K. Wheeler, CPA and Biz Money Coach. Meg is on a mission to turn online educators, service providers and coaches from Not Numbers People to Badass Money Makers. Are you ready to Disrupt Your Money? Learn more about Meg here! This podcast is intended for informational & educational purposes only and is not intended as professional financial advice.  💰✊🏾💸✊🏽💵✊🏻 Connect with Meg across social: Facebook Instagram Pinterest Did you Disrupt Your Money, build your bank account, and transform your way of life?  Tell us how this episode impacted you and leave a review: https://megkwheeler.com/podcast Breaking down financial systems is always better with a buddy - tell a friend about this podcast so you can Disrupt Your Money together: https://megkwheeler.com/podcast Song Credit: Midnight Specials by Ash Nino This is a Crackers In Soup production.

The title of this episode may be a little controversial but it is true nonetheless: I HATE QUICKBOOKS. But before I dive into why, like any great architect, author or makeup artist, any pro worth their salt is going to lay down a foundation. And that is what I do for my clients. I recommend they have the right foundational financial tools for their businesses. I think financial tools are powerful and sexy and I am hoping by the end of this episode, you feel the same way OR at the bare minimum, think of them as cute! Join me as I discuss: Sustainable Business Business numbers Productivity Automations On-line banking Accounting systems Xero Wave Apps Reporting Bookkeeping Bad Ass Money Makers Qoins Lendistry Goalsetter Breaux Capital Siss Capital MoCaFi One United Cash flow tracker Budget tracker Honorable Mentions Apply for your Federal Tax ID / EIN Novo affiliate link: https://megkwheeler.com/novo Four Key Goals of Accounting Systems Gusto affiliate link: https://megkwheeler.com/gusto Only 3% of Business Investment Goes to Women Black Women Still Receive Just A Tiny Fraction Of VC Funding Despite 5-Year High 16 Facts About Gun Violence And School Shootings Inequities in Community Exposure to Deadly Gun Violence by Race/Ethnicity, Poverty, and Neighborhood Disadvantage among Youth in Large US Cities The Economic Cost of Gun Violence Moms Demand Action 💰✊🏾💸✊🏽💵✊🏻 This podcast is hosted by Meg K. Wheeler, CPA and Biz Money Coach. Meg is on a mission to turn online educators, service providers and coaches from Not Numbers People to Badass Money Makers. Are you ready to Disrupt Your Money? Learn more about Meg here! This podcast is intended for informational & educational purposes only and is not intended as professional financial advice.  💰✊🏾💸✊🏽💵✊🏻 Connect with Meg across social: Facebook Instagram Pinterest Did you Disrupt Your Money, build your bank account, and transform your way of life?  Tell us how this episode impacted you and leave a review: https://megkwheeler.com/podcast Breaking down financial systems is always better with a buddy - tell a friend about this podcast so you can Disrupt Your Money together: https://megkwheeler.com/podcast Song Credit: Midnight Specials by Ash Nino This is a Crackers In Soup production.

There are not many things that can put fear in your heart like receiving a letter in the mail that has three little initials on the envelope: IRS. For my friends that do not live in the United States of America, the Internal Revenue Service (IRS) is the nation's tax collection agency that is responsible for collecting taxes and administers the Internal Revenue Code enacted by Congress. There are plenty of times when it feels like the IRS is out to get us. But are they really? In this episode, I am hoping to help you reframe how you think about the IRS. You may even begin to appreciate them! Join me as I discuss: Taxes IRS Notice Payment Plans IRS.Gov Call to Action Calls from the IRS W2 10-99 NEC Side hustle IRS Myths IRS Audits Honorable Mentions Breathing Techniques for Stress Relief Avoid scams: Know the facts on how the IRS contacts taxpayers Independent Contractor (Self-Employed) or Employee? For every extra dollar invested in the IRS, the government could be getting $6 back IRS Audits Poorest Families at Five Times the Rate for Everyone Else DYM Book Recommendation The Whiteness of Wealth: How the Tax System Impoverishes Black Americans--And How We Can Fix It by Dorothy A. Brown Find more book recommendations at the Disrupt Your Money Bookstore: https://bookshop.org/shop/megkwheeler. 💰✊🏾💸✊🏽💵✊🏻 This podcast is hosted by Meg K. Wheeler, CPA and Biz Money Coach. Meg is on a mission to turn online educators, service providers and coaches from Not Numbers People to Badass Money Makers. Are you ready to Disrupt Your Money? Learn more about Meg here! This podcast is intended for informational & educational purposes only and is not intended as professional financial advice.  💰✊🏾💸✊🏽💵✊🏻 Connect with Meg across social: Facebook Instagram Pinterest Did you Disrupt Your Money, build your bank account, and transform your way of life?  Tell us how this episode impacted you and leave a review: https://megkwheeler.com/podcast Breaking down financial systems is always better with a buddy - tell a friend about this podcast so you can Disrupt Your Money together: https://megkwheeler.com/podcast Song Credit: Midnight Specials by Ash Nino This is a Crackers In Soup production.

Per IZA World Labor, economic inequality is defined as "the unequal distribution of income and opportunity between different groups in society." In my conversations with you, I will be mentioning economic inequity. A LOT. In most societies, economic distribution is not set up to be equally dispersed among the majority of its population. In this episode, I will be sharing the three buckets that make up economic distribution and I challenge you, my wealth builder friend, to think about where and with whom you are spending your money. Join me as I discuss: Income Pay Wealth Economic statistics Inequality vs inequity Investments Systems Supporting marginalized communities Minimum wage Tipped wages Overturning Roe v. Wade Reproduction justice Abortion Honorable Mentions Survey of Household Economics and Decision making Fair Labor Standards Act DisruptYourMoney.com - Book recommendations Support Planned Parenthood DYM Book Recommendation One Fair Wage by Saru Jayaraman Find more book recommendations at the Disrupt Your Money Bookstore: https://bookshop.org/shop/megkwheeler 💰✊🏾💸✊🏽💵✊🏻 This podcast is hosted by Meg K. Wheeler, CPA and Biz Money Coach. Meg is on a mission to turn online educators, service providers and coaches from Not Numbers People to Badass Money Makers. Are you ready to Disrupt Your Money? Learn more about Meg here! This podcast is intended for informational & educational purposes only and is not intended as professional financial advice.  💰✊🏾💸✊🏽💵✊🏻 Connect with Meg across social: Facebook Instagram Pinterest Did you Disrupt Your Money, build your bank account, and transform your way of life?  Tell us how this episode impacted you and leave a review: https://megkwheeler.com/podcast Breaking down financial systems is always better with a buddy - tell a friend about this podcast so you can Disrupt Your Money together: https://megkwheeler.com/podcast Song Credit: Midnight Specials by Ash Nino This is a Crackers In Soup production.

Welcome to the very first episode of Disrupt Your Money!! I am so excited this podcast is happening and even more excited you are on this journey with me. As a Certified Public Accountant (CPA) and Financial Literacy Coach, my business is all about supporting business owners who have not only traditionally been left out of business conversations but they have also been left out of funding and economic systems that are critical when we are building our businesses. In this episode, I am going to tell you a little bit about what makes me me and my company. Stay to the end where I extend an invitation to you to share your thoughts or ask me any questions! Join me as I discuss: Marginalized groups Historically disenfranchised Real Estate Taxes International Taxes Leaving Corporate Progress Woo Honorable Mentions Our government system was designed to fail, and has worked spectacularly Why Black-Owned Businesses Struggle To Get Small Business Loans Minority Entrepreneurs Send us your questions: https://megkwheeler.com/podcast 💰✊🏾💸✊🏽💵✊🏻 This podcast is hosted by Meg K. Wheeler, CPA and Biz Money Coach. Meg is on a mission to turn online educators, service providers and coaches from Not Numbers People to Badass Money Makers. Are you ready to Disrupt Your Money? Learn more about Meg here! This podcast is intended for informational & educational purposes only and is not intended as professional financial advice.  💰✊🏾💸✊🏽💵✊🏻 Connect with Meg across social: Facebook Instagram Pinterest Did you Disrupt Your Money, build your bank account, and transform your way of life?  Tell us how this episode impacted you and leave a review: https://megkwheeler.com/podcast Breaking down financial systems is always better with a buddy - tell a friend about this podcast so you can Disrupt Your Money together: https://megkwheeler.com/podcast Song Credit: Midnight Specials by Ash Nino This is a Crackers In Soup production.

Let’s break this money sh*t down. Do you even know why any of this money stuff matters at all? How you make money, spend money, and nurture money is critical to building a more equitable world. By empowering business owners to take control of their finances we can all use our money to disrupt the current failing financial systems and build new ones. Why do we have to fundamentally tear down the existing financial institutions? Because they were not designed to be just or equitable for everyone.  It’s Time To Disrupt The Almighty Dollar  Money affects all areas of our life so no topic is off-limits. Every week, we’ll cover subjects ranging from the rise of cryptocurrency to having a better relationship with the IRS. You’ve got questions - We’ve got answers.  SUBMIT YOUR QUESTIONS HERE Every episode features real-world money questions from you, our listeners. Worried about shame or judgment? There’s none of that here. We make talking about the money stuff less cringey and more accessible.  💰✊🏾💸✊🏽💵✊🏻 This podcast is hosted by Meg K. Wheeler, CPA and Biz Money Coach. Meg is on a mission to turn online educators, service providers and coaches from Not Numbers People to Badass Money Makers. Are you ready to Disrupt Your Money? Learn more about Meg here! This podcast is intended for informational & educational purposes only and is not intended as professional financial advice.  💰✊🏾💸✊🏽💵✊🏻 Connect with Meg across social: Facebook Instagram Pinterest Did you Disrupt Your Money, build your bank account, and transform your way of life?  Tell us how this episode impacted you and leave a review! https://megkwheeler.com/podcast Breaking down financial systems is always better with a buddy - tell a friend about this podcast so you can Disrupt Your Money together! https://megkwheeler.com/podcast Song Credit: Midnight Specials by Ash Nino This is a Crackers In Soup production.             c12339c114724f54c513400ad67c8fd5b4e38bf4