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4. Looking Forward and Looking Back

Questioning Your Cents

Release Date: 01/01/2021

15. Medicare & Social Security show art 15. Medicare & Social Security

Questioning Your Cents

We are your hosts, Kevin Molen and Charles Steinmetz. Our job is to help educate you on how to manage your money and save on taxes. In this episode, we discuss Social Security and Medicare with our special guest, Peter Huynh who is the VP of Operations for Trusted Benefits Group.

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14. Building Wealth & Keeping It with Centric Advisors show art 14. Building Wealth & Keeping It with Centric Advisors

Questioning Your Cents

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

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13. Business Entity Elections show art 13. Business Entity Elections

Questioning Your Cents

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

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12. Side Job Taxation show art 12. Side Job Taxation

Questioning Your Cents

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

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11. Timing the Market or Time in the Market show art 11. Timing the Market or Time in the Market

Questioning Your Cents

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

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10. Help! I'm Starting a Business show art 10. Help! I'm Starting a Business

Questioning Your Cents

Welcome to Questioning Your Cents where you can get your real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

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9. When Should You Amend Your Tax Return show art 9. When Should You Amend Your Tax Return

Questioning Your Cents

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

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8. Tax Season Update show art 8. Tax Season Update

Questioning Your Cents

Important Points:

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7. Tax Deadlines, Extensions, and Penalties show art 7. Tax Deadlines, Extensions, and Penalties

Questioning Your Cents

Our job is to help educate you on how to manage your money and save on taxes. In this episode, tax deadlines, penalties and extensions.

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6. Hiring a Tax Advisor: Insider Secrets show art 6. Hiring a Tax Advisor: Insider Secrets

Questioning Your Cents

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

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More Episodes

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

 

We are your hosts, Kevin Molen and Charles Steinmetz. Our job is to help people with education on how to manage your money and save on taxes. In this episode, we talk about some tax and financial tips and how you should plan your financials over big life decisions.

 

 

Relevant points:

 

  • Planning your income for the next few years is important so that you don’t burn out your money
  • Affording something does not mean being able to make the payments each month, rather it should include how that new expense fits within your budget to achieve your financial goals.
  • Set up goals for the money you want to make and then work on how to achieve them
  • Plan on how to get your children from the state of constant worrying to the state of self-independence
  • You can push yourself to make small life changes that are not so bad for you and then from there you can push yourself and prove.
  • Set achievable goals and planning appropriately
  • Learn and apply the law based on your unique circumstances
  • QBI (qualified business income) is 20% deduction on your business profits

 

 

 

 

 

 

Time Stamps:

 

00:01:00 - Introduction

00:04:00 - Changing the system

00:08:00 - Emotional vs Factual decisions

00:10:00 - The question of can I afford it?

00:13:00 - Know your numbers

00:15:00 - Knowing your numbers

00:18:15 - Continuous improvement

00:20:50 - Setting a goal

00:24:00 - getting rid of the asset

00:28:30 - Look at your numbers to make better decisions

00: 31:00 - Comfort zone (Q&A)

00:37:30 - QBI - what it is?

00:41:00 - Outro

 

Relevant links:

 

[email protected]

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