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We Have Options with Dominique Broadway

Tax Hacks For Protecting Your Money

We Have Options with Dominique Broadway

Money News Network

Self-improvement, Investing, Education, How To, Business

5.01.2K Ratings

🗓️ 29 March 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

Tax season is never fun, but with these three tips from Dominique, it can be less sucky. Tune in and keep more of your money in your pocket. All investment and trading strategies involve risk of loss. The content you hear on this podcast is for entertainment and education purposes only and does not constitute financial advice by our hosts or by Money News Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Shopify.

0:03.0

That's what I hear when I make another sale on Shopify.

0:07.0

The all-in-one commerce platform that allows you to start, run and grow your business.

0:12.0

Shopify is revolutionising millions of businesses worldwide.

0:17.0

So sign up for a £1 per month trial period at Shopify.co.uk

0:23.0

Ask podcast 23 all lowercase and take your business to the next level today.

0:30.0

This is we have options hosted by me, personal finance expert Dominique Broadway.

0:36.0

I left my career as a financial advisor to the 1% to help the 99% build generational wealth.

0:42.0

No matter who you are, you have options and I am here to help you turn those options into dollar signs.

0:52.0

Do you remember the feeling when you got your very first paycheck, the excitement that came from seeing your hard work pay off in the form of actual real money?

1:05.0

The anticipation of ripping open the envelope, saying all those numbers and deciding how you'll spend your new fortune, then taxes.

1:15.0

Simply put, they really do suck.

1:18.0

Yes, they fund our public education system roads and more.

1:22.0

But it's not fun to see that money leave before it even hits your bank account.

1:26.0

Or for self-employed people, it's even harder to write that check every quarter and send it off to the IRS.

1:34.0

As an employee, taxes are super simple, right?

1:37.0

They come out of your check and every tax season, you complete some paperwork and probably most many cases receive a refund.

1:45.0

For anyone whose income is non-traditional though, things can get way more complicated.

1:51.0

Self-employed individuals and people who earn money from investments need to be educated on their tax requirements and how they can save on those taxes and more.

2:02.0

So I'm going to be sharing with you easy to understand details on everything that investors need to know when it comes to taxes.

2:11.0

So first things first, let's talk about taxable income.

2:14.0

So while we're often defaulted to thinking about our income being taxed, the number one thing that investors need to know is that there is so much more, right, than our money just being taxed by the government and then taking a percentage.

...

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