EP 13- 💵 CA$H MONEY💵: 💲The Financial Survival Guide for Millennials💲: How to turn stacks💵 + biz when you don't come from privilege

Wabi Sabi - The Perfectly Imperfect Podcast with Candice Kumai

Candice Kumai

Health & Fitness, Education, Health, Wabisabi, How To, Nutrition, Mental Health, Wellness

4.9 • 793 Ratings

🗓️ 6 August 2018

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

You wanna make stacks right? + you think you're gon be rich? Like and make more $$ than mom and dad? Yep, that's what it says us millennials think... After crushing a bi-coastal business as a small solo female bis owner..I have a much more realistic grasp on the matter. However, I'm still in the middle and, I'm in this long-haul game with you. Here's what we will chat on in EP 13 betches: Privilege vs Pay -- why the free stuff is just as important and it is what it is, priceless. Stop being so entitled and acting like you're owed anything. Learn to embrace the ebb and flow of small business finances. Just start! - Look up: S Corporation + LLC's versus working off a W9 forever. Why? -- ownership, tax write offs, respect, freedom. Pay off your credit card each month (duh) this is so basic. Pay your rent on time each month (again, basic). Opening an IRA account (mutual funds) Opening a SEP IRA account (mutual funds) with Hiring a legit CPA or Financial Advisor Hiring a lawyer, when necessary//needed Why a savings account is legit necessary Prepare for your taxes each year, get responsible. How I overcame small, shit-talking people on my team + basically -- worked my way forward, with grace and skills. BYE! How to learn to embrace the struggle of small business + take the leap of faith --- working in your PJs or undies is the best thing, ever. Please Subscribe + 5 STAR rate this pod like ASAP, its all free! Sites mentioned: http://candicekumai.com/ www.nerdwallet.com/blog/small-business/small-business-grants-for-women/ https://www.bizfilings.com/ Check out Mutual Fund companies you trust for early retirement + also your CPA//Financial Advisor can help you with managing loans and savings. Werd.

Transcript

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0:00.0	Hi guys. I'm back in New York and I'm chilling in Brooklyn. Welcome to the Wabi
0:14.1	Sabi Pod episode 13. When I was young, I was in second grade and and I was on a soccer team, and I pulled number 13
0:24.6	out of the box of jerseys.
0:27.4	My dad made me go back and change my number.
0:31.7	She was like, well, I'm not sure this is a good luck number.
0:36.3	How about we change it up?
0:38.3	Of course.
0:40.1	Welcome to the Wabi-Sabi pod, guys.
0:42.4	We are going to talk about a topic that I hate talking about.
0:46.4	And it is not the breakup like you've been waiting for.
0:50.6	Who cares about that topic?
0:52.5	We're going to talk about making paper.
0:55.6	Welcome to the financial survival guide for millennials.
1:00.0	The ebb and flow of cash money, young money, making stacks, saving, investing,
1:06.8	and better accepting when you're not financially privileged,
1:15.7	a.k.a. talking money shop for normal people.
1:17.2	All right. So I was only encouraged to speak about this episode because a lot of you are managing, finagling, going through financial turmoil, and I'm doing it with you.
1:30.6	I'm in the middle.
1:31.8	And one of the things that really piqued my interest in wanting to be open and mindful,
1:39.0	aware, and honest, as I always am with all of you, about financials is because one of my friends'
1:48.3	moms asked her the other day if I was a millionaire yet, which is fucking hilarious.
1:55.6	I don't know if you guys remember that teenage millionaire company.
	...

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