1417: When Your Income Relies on Tips: Financial Advice for Service Industry Professional

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 3 October 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are you a service industry professional? Do you earn tips? Are you sick of living shift to shift and ready to take control of your money and your life? Guest Barbara Sloan is the author of Tipped: The life changing guide to financial freedom for waitresses, bartenders, strippers, and all other service industry professionals. She offers strategies for workers who want to create a more sustainable career path in the service industry and create financial independence, despite fluctuating pay and a lack of benefits. To learn more about Barbara visit https://www.tippedfinance.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Are you ready for a Monzo Business Bank account? Mike from Bluewater Plumbing was.
0:05.0	I need to get paid quickly, especially when I have five or six plumbing jobs in a day.
0:08.0	When I first used the payment link feature in my Monzo Business account,
0:11.0	I was impressed to how quick and easy it was. At the end of each job,
0:14.0	I'll just create a payment link, send it to the customer, and get paid then and there.
0:17.0	I can also track all of my payments in my get paid tab.
0:20.0	If you're ready for a Monzo Business account, apply today.
0:23.0	Just search Monzo Business, season sees apply.
0:26.0	Only sole traders or limited company directors in the UK can apply.
0:30.0	So money is brought to you by CNET, the site that shows how to navigate change all around us.
0:36.0	So money episode 1417, financial freedom for service workers with Barbara Sloan, author of the book TIT.
0:45.0	You're listening to So Money, with award-winning money guru, Farnoosh Karabi.
0:49.0	Each day, in a 30-minute dose of financial inspiration from the world's top business minds,
0:55.0	authors, influencers, and from Farnoosh herself.
0:59.0	Looking for ways to save on gas or double your double coupons?
1:03.0	Sorry, you're in the wrong place.
1:05.0	Seeking profound ways to live a richer, happier life.
1:08.0	Welcome to So Money.
1:11.0	I think most service industry people think that one of the metrics you can use is,
1:17.0	oh, how much do I make in a shift? How well was this shift?
1:20.0	How well did I do this week? How did I do this month?
1:24.0	But that's not a good way to measure how your finances are going overall.
	...

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