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Side Hustle School

#2369 - Q&A: “Separating business and personal expenses…”

Side Hustle School

Chris Guillebeau

Business, Side Hustle, Small Business, Careers, Entrepreneurship,, Entrepreneurship

4.73.3K Ratings

🗓️ 27 June 2023

⏱️ 5 minutes

🧾️ Download transcript

Summary

This personal trainer is struggling with separating his personal and business finances. Can we give him a boost so he can get back to focusing on push-ups?

Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.

Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Twitter: @chrisguillebeau

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 

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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.


Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.com


If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, what's up, Chris Gellibout here, your host of SideHustle School.

0:13.4

Thanks for tuning in today.

0:14.4

Got a listener call from Sunny Orlando, Florida.

0:17.1

We're going to hear from Alex.

0:18.4

Alex has recently embarked on a personal training side hustle, offering both in-person

0:22.9

and virtual sessions.

0:23.9

As he begins to acquire clients and process payments, he's trying to figure out the tricky

0:29.2

waters of financial management.

0:31.0

Now, specifically, he wants to understand how to separate his personal and business finances.

0:35.3

That's important.

0:36.4

What the tax implications might be, also important, and whether he should formally register his

0:40.7

hustle as a business.

0:42.2

Okay, these are good questions.

0:43.9

Topics mini-sidesshores should consider.

0:46.3

So let's delve into it in a few short action-packed minutes, hopefully getting you something helpful

0:50.7

and allow you to be set up for financial success.

0:53.4

Personal trainer finances.

0:54.4

That's what we're talking about today in just 30 seconds.

0:59.2

What's up, guys?

1:10.3

I'm Alex from Orlando.

1:12.1

I've recently started a side hustle as a personal trainer, offering both in-person and virtual

1:18.8

sessions.

...

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