The Tax Basics You Should've Learned Years Ago (But Nobody Taught You) SB1768
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 1 December 2025
⏱️ 70 minutes
🧾️ Download transcript
Summary
Let's be honest: taxes feel like that thing you're supposed to understand but somehow never learned, and now you're too embarrassed to ask.
Joe Saul-Sehy, OG, and Neighbor Doug welcome Hannah Cole—artist-turned-tax-pro and author of the brand-new book Taxes for Humans—to finally explain taxes in language that doesn't require a CPA license to understand. Hannah's built her career translating tax code for freelancers, side hustlers, and small business owners who just want to know what they can deduct, what'll get them audited, and how to stop drowning in shoebox receipts.
She breaks down the real difference between a legitimate business expense and wishful thinking, how to track startup costs without losing your mind, and why the bookkeeping system that works is the one you'll actually use (spoiler: it doesn't have to be fancy). Whether you're launching a side gig, running a creative business, or just trying to keep the IRS from ruining your holiday season, Hannah's got the roadmap.
Then Joe and OG shift gears to tackle the "AI bubble" conversation everyone's having—is this tech hype justified, or are we watching 1999 all over again? They break down how to think about market froth without panicking, why smart investors don't build their strategy around TikTok prophets predicting doom, and how to prepare your portfolio for volatility without making fear-based moves.
Plus: Doug delivers trivia about Richard Pryor's Blazing Saddles days, because even tax talk deserves a palate cleanser.
What You'll Walk Away With:
• Tax basics explained in actual human language (finally)—what counts as a deduction and what's just wishful thinking
• How to set up simple, sustainable bookkeeping systems for side gigs or small businesses that you'll actually maintain
• The smartest way to track startup expenses without drowning in receipts or spreadsheets
• Why the IRS isn't as scary as you think when you've got your basics covered
• How to think about AI market hype without getting swept up in either the euphoria or the panic
• Smart strategies for preparing your portfolio for volatility without making emotion-driven decisions
• Why the right tax and investing systems buy you back time, creativity, and peace of mind
This Episode Is For You If:
• You've been winging it on taxes and know you're probably missing deductions (or making mistakes)
• You run a side hustle but have no idea what you can actually write off
• Tax season makes you anxious because you're never sure if you're doing it right
• You're hearing AI bubble talk everywhere and wondering if you should be worried about your investments
• You want systems that are simple enough to actually follow, not perfect enough to abandon by February
Before You Hit Play, Think About This:
What's the tax mistake you wish you could warn your younger self about? Drop it in the comments—we're all learning here, and sometimes the best lessons come from what we got wrong the first time.
FULL SHOW NOTES: https://www.stackingbenjamins.com/tax-basics-for-side-hustlers-ai-market-tips/
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Happy Cyber Monday, guys. I'm surprised I could get you on the microphone when there's deals galore online. Yeah. Who knows? Like, when are we supposed to jump on the Black Friday stuff or wait for the Cyber Monday stuff? I just can't handle all of this uncertainty. Just tell me when I'm supposed to buy stuff. It sounds like it's all the time. It's like they say here in Texarkana, all y'all. It's all y'all. Remember back like three weeks ago when the early Black Friday deals were getting released in the beginning of November? Like this is out of control. It's going to be July next year. They're going to have Black Friday in July. Exactly. Yeah, but I Amazon kind of does that. |
| 0:38.9 | I thought I'd celebrate the start of December for our every Monday salute to the troops by bringing out |
| 0:44.9 | my Christmas mug, which I always thought was really neat, but there's just something a little |
| 0:49.9 | weird and creepy about drinking out of Santa's pants. Like just for people, |
| 0:55.4 | for people they can't see my mug, |
| 0:57.7 | it is Santa's pants. |
| 0:59.7 | I'm drinking out of Santa's pants. |
| 1:01.5 | I don't know what that means. |
| 1:02.9 | I don't know what it says. |
| 1:04.2 | That just made me laugh. |
| 1:06.0 | Like real laughter. |
| 1:08.8 | Let's raise our mugs, |
| 1:10.2 | guys. |
| 1:10.9 | Or in this place, it's raise Santa's ass. Let's raise our mugs, guys. We're in this case. |
| 1:11.4 | Let's raise Santa's ass. |
| 1:14.8 | Hoji doesn't even know what to do. |
| 1:17.6 | It's like I got no idea. |
| 1:18.5 | Shaking his head in grinchiness. |
| 1:22.5 | On behalf of the men and women at Navy Federal Credit Union who serve our veterans and our active duty |
| 1:28.9 | troops and the men and women making podcast in mom's basement. We want to salute those troops |
| 1:34.2 | and those veterans. Thanks to the veterans for your service. Thanks to the troops for keeping us |
| 1:38.2 | safe. Another big holiday weekend this time. We were out playing. Let let's go stack some benjamins together now |
... |
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