Jay Zigmont's Blog, page 5

What do I need to do taxes for my side gig or small business?

The increasing viability of remote work and the booming gig economy have meant that more and more people have a side gig, or have even taken the plunge to start their own fully fledged small business. Unfortunately, with a side gig or small business, comes questions about how to handle taxes. Here's what to know about planning for taxes for your side hustle or small business.

Get Good with Money (Book Club) - Childfree Wealth Podcast Ep. 55

Need a guide for your money? This week Bri & Dr. Jay review, “Get Good with Money,” by Tiffany Aliche. Bri appreciates that Aliche starts the book by pointing out that learning about money will come with growing pains. Together they highlight the book’s structured approach to financial wellness & appreciate the in-depth coverage of often overlooked topics.

When Should I Ask for Financial Help?

It's possible that you've never consulted with a professional about your finances before. So how can you tell when it's time to ask for help with money matters? If you have to ask, it's probably a good indication that it's time. Keep reading to learn a few instances when it pays to get a professional to look over your finances.

Bri Is Not My Wife - Childfree Wealth Podcast Ep. 54

Bri & Dr. Jay discuss how hosting a podcast as a male-female duo has caused some to assume they’re married to one another. They’ll dive into how the lack of diversity contributes to an abundance of misogyny in the financial industry.

Who will take care of me?

If you're Childfree, chances are good you've heard someone say, "But who will take care of you when you're old?" Leaving out the wrong assumption that anyone's children will either provide them with elder care or pay someone else to do it, it's valid to wonder about your golden years and how you'll handle them. Let's take a look at some options for Childfree and childless folks.

Forced Adulting - Childfree Wealth Podcast Ep. 53

The concept of forced adulting came from a client. As Dr. Jay walked through the financial planning process with them, they referred to it as forced adulting. Simply put, it’s accountability in getting done the things you need to do.

What’s the difference between W-2 and 1099?

Two forms that you'll hear referenced are form W-2 and form 1099. What's the difference between these two forms and the type of work (or earned income) that they describe? There are a lot of differences, and each of them impacts your taxes in a major way.

Essential Retirement Planning for Solo Agers (Book Club) - Childfree Wealth Podcast Ep. 52

It’s book club time & this month, Bri & Dr. Jay dissect Essential Retirement Planning for Solo Agers by Sara Zeff Geber, PhD. Bri thinks the title is a bit misleading due to the emphasis placed on couples. Meanwhile, Dr. Jay gets caught in the introvert-extrovert battle when it comes to community building. Throughout the book you’ll find three common themes: community, health, & planning.

Long Term Care for Childfree Individuals

Who is going to take care of you when you get old? – You are. As Childfree people, we know we need to have a plan for our own long-term care; it is just a question of how we want to do it.

Mental Health & Money with Lindsay from Mind Money Balance - Childfree Wealth Podcast Ep. 51

Dr. Jay talks with Lindsay Bryan-Podvin author of The Financial Anxiety Solution, & creator of the brand, Mind Money Balance. She explores the emotional side of money, tackling anxiety, guilt, and the pursuit of happiness through increased income.