Influencer Money Talk (Pt. 1): LLC, Taxes & Chasing Brand Payments (Ft. Mr. D) | S2 E14

Full-Time Influencer Podcast

Tina Lee

Education, Business, Entrepreneurship, Marketing, How To

5 • 673 Ratings

🗓️ 18 May 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ever wondered what company structure you should set up as an influencer? What can you expense as expenses and how to reduce taxes? Mr. D (my husband) and I will tell you everything we know in this episode!

(DISCLAIMER: Please consult a tax specialist for your tax needs - we share as much as we can, but we are not tax experts!)

Welcome to the Full-Time Influencer Podcast. I'm your host Tina Lee (@ofleatherandlace) I'm sharing some of my expertise and industry information, to help you decode social media, and create content that helps aspiring creatives like you become full-time influencers so you can also do what you love for a living!

CHECK OUT THE SHOW NOTES FOR THIS EPISODE: www.fulltimeinfluencer.co/blog/season-2-episode-15

Accounts/resources mentioned:

Graham Stephan Youtube Channel

Wanderers Wealth (on digital nomads saving taxes globally)

Rich Dad Poor Dad by Robert Kiyosaki (listen to the Audible book | Buy the physical book)

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Timestamps:

(4:11) - Set up LLC to protect assets

(7:10) - Use a separate business bank account

(10:01) - Deduct expenses to reduce taxes

(17:41) - Move to lower tax location

(23:05) - Use real estate for tax deductions

(24:53) - Tax forms, accountant, & revenue tracking for freelancers

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Don't forget to follow the Full-Time Influencer on: Instagram | YouTube

Transcript

Click on a timestamp to play from that location

0:00.0	Let's talk about influencer money. This has been a highly requested topic and will be covered in the next two episodes,
0:07.3	this one and the one to be released next Monday. Mr. D, my husband, and I sit down to discuss influencer taxes,
0:14.5	chasing payments from brands, how to save money, how to budget, and how to invest your hard-earned money so that it can double over time.
0:29.1	Welcome to the full-time influencer podcast. I'm your host, Tina Lee, and I'll be sharing
0:33.5	industry knowledge and social media tips through weekly interviews with established creators
0:37.6	and Q&A sessions. Our goal is to help you decode social media, become a full-time influencer,
0:43.2	and do what you love for a living. Let's dive in.
0:50.0	Hello creators. Today we have a special guest with us. In fact a repeat guest. It is my husband, Mr. D.
0:58.0	Yay! Wait, how am I a repeat? I've only been here once. That is a repeat. You've been here once before.
1:06.0	Oh, okay. So Mr. D is actually very qualified to talk about this topic. Can you tell us about
1:13.2	your background? I spent about 15 years working in the financial services field, raising money,
1:20.3	investing money, and I also help you with all your financial aspects of your business
1:27.2	and also the legal side.
1:28.9	Yes, yes, very much so.
1:31.4	Mr. D is not just someone who has experience working in the financial industry,
1:37.1	but also someone who is deeply obsessed with saving money and talking about how to invest
1:43.7	your money and all of that. So I think he is kind of
1:47.0	the perfect guest for this episode. All right. Before we begin, though, I think it's very
1:52.2	important to make a disclaimer. We won't be covering how to make more money per se. This is the
1:58.0	basics of how to manage and secure your money and also this is not
2:02.9	financial advice. Very very very important. You need to do your own research before investing
2:09.1	your money or putting it anywhere. And also if you need tax advice, please consult a tax
	...

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