Separating Business and Personal Finances
DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing
Bleav + Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen!
4.6 • 858 Ratings
🗓️ 16 February 2020
⏱️ 10 minutes
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| 0:00.0 | Hey there, this is Daniel. Thanks for listening to DIY Money. Now, if you haven't already, be sure to give us a five-star review so your friends know that this is a show that they can learn from. Follow us on Instagram at DIY.money. Now, enjoy this episode. |
| 0:20.9 | Welcome back, ladies and gentlemen. |
| 0:23.1 | You are listening to another edition of DIY money. |
| 0:27.3 | Yeah, what money? |
| 0:28.8 | Okay, Daniel, we've got an interesting one today. |
| 0:31.8 | We're going to get right into it. |
| 0:33.4 | Javan from Jersey. |
| 0:35.8 | Javon, what's your question? |
| 0:37.8 | D-I-Y! |
| 0:39.6 | How you doing, do it yourself first? |
| 0:41.5 | This is Javon O'Neill from Watchup, New Jersey. |
| 0:44.4 | My question is, how can you mix business with your personal finances? |
| 0:51.3 | What systems are there in place or do you guys have in place to separate the two? |
| 0:57.9 | Okay, Daniel, a real simple question, short and to the point, I like it. Since you take care of all |
| 1:03.8 | of our books for our business, what do you got? Well, what I would say here is, well, one, I'm kind of |
| 1:09.9 | bummed that Javon didn't tell us what kind of business he's in. I'm curious. But two, I would say here is, well, one, I'm kind of bummed that Javon didn't tell us what |
| 1:11.0 | could have a business he's in. |
| 1:12.0 | I'm curious. |
| 1:13.2 | But two, I would say that you have to keep them separated in some way, shape, or form. |
| 1:19.5 | That is your kind of obligation as a business proprietor, business owner, et cetera. |
| 1:25.2 | And you can do that in variety of ways. |
| 1:26.8 | You can do that simply through accounts, so you can open up a separate checking savings |
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