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With Pace

Gretchen Reeves, former professional cyclist and CPA on managing finances as an athlete

With Pace

Payson McElveen

Sports, Inspirational, Society & Culture, Adventure, Entrepreneur, Health & Fitness, Cycling, Gravel Cycling, Celebrities, Mountain Biking, Gravel Biking, Culture, Basketball, Interviews, Photography, Athletes, Current Events, Outdoors

4.8766 Ratings

🗓️ 23 January 2022

⏱️ 67 minutes

🧾️ Download transcript

Summary

Since leaving her career as a professional cross country mountain bike racer, Gretchen Reeves has worked as an accountant for athletes and self-employed people from the outdoor industry. In this interview, she offers some financial best practices for athletes just starting out, those who are already established pros, and anyone who wants to get more value out of their income. She talks about the ways self-employed people often overlook significant deductibles, how to set yourself up for a com...

Transcript

Click on a timestamp to play from that location

0:00.0

Even though it's fun, it's still like a business and there's still these things that you can write off.

0:04.8

And people just like don't know that or understand that.

0:08.4

Most of their life is a write off.

0:10.1

You're working 30, six, five days a year when you're an athlete.

0:13.6

It's showtime, everybody.

0:15.8

Showtime!

0:18.5

You've been living in a dream world, Neil.

0:22.1

This is the world as it exists today.

0:27.0

Life moves pretty fast.

0:29.4

You don't stop and look around once in a while.

0:31.9

You could miss it.

0:35.0

Listen, we talk about practice.

0:38.2

Repeat on the dude's room.

0:39.8

Donnie, you're out of your element.

0:42.2

I see, you think this has nothing to do with you.

0:46.0

Don't ever trash talk black Jesus.

0:50.8

This is the Adventure Stash with Payson McAlvin.

0:55.4

Hello, everybody. Welcome back to the show. If you can hear a little bit of car noise in the background, highway noise, not too surprising. We've done our best to escape the Los Angeles crush of people by staying north a little bit up in the Malibu area, which has become my

1:12.8

traditional training grounds for January. But even so, it's hard to completely escape

1:18.7

humanity in this part of the world. One way, surprisingly, you can actually do it pretty effectively,

1:25.6

is by getting up into the Santa Monica Mountains, whether it be on gravel bike or even road bike. There's these beautiful mountain roads

1:31.4

that especially on weekdays get little to no traffic and that I love very much. So that's

...

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