Being self-employed is both a blessing and a curse

Typically, going into business for yourself reduces your tax-burden.  That's from Liz Steblay the author of "Succeeding as a Solopreneur" who says you will probably need to pull in about  $110k as your own boss to break even on taxes from working for someone else.

Liz is also the CEO of PICA (Professional Independent Contractors of America). She says empowerment is a great benefit to going out on your own.  But it will also be the hardest you ever do in your life as Fear, Uncertainty and Doubt (the FUD monster) can take you down at any time.  HACK -- be confident and charge what you are worth.

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The goal of Money Making Sense is to help you find more financial peace. Host Heather Kelly and guest experts focus on reviewing paychecks and analyzing family decisions. They also talk about vacationing on a budget, retirement savings on a limited income, reducing household expenses, the financial impact of owning pets and how money affects relationships. Money Making Sense will give you practical ideas on how to improve your bottom line. Money Making Sense is a 2017, 2018, 2020 and 2021 People's Choice Podcast Award Finalist.