What It's About
How to have two pockets.
Notes from Chris
Episode 2369
Hey there! Today, we're connecting with Alex from sunny Orlando. Alex has recently embarked on a personal training side hustle, offering both in-person and virtual sessions. As he begins to acquire clients and process payments, he's navigating the often tricky waters of financial management. He's keen to understand how to separate his personal and business finances, what the tax implications might be, and whether he should formally register his side hustle as a business. These are all smart questions and topics that many side hustlers should consider. Let's delve into this and help set you up for financial success."What’s up, I'm Alex from Orlando. I've recently started a side hustle as a personal trainer, offering both in-person and virtual sessions. I've got clients starting to come in and payments to process, but I'm unsure of how to manage my finances. Specifically, how do I keep my personal and business finances separate? I also wonder about tax implications and whether I should register my side hustle as an official business. Let me know if you have any advice for me. Thanks for your time!"Listen to today's episode to learn more...
SEE ALSO:
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- Role-Playing Pastor Rolls The Dice On $2800/Month Hustle: Listener success story! This Presbyterian minister turns to his lifelong interest in role-playing games to set up a sustainable second income source.
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