She Supports: Me!!! (Michelle)

I wanted to try something different in July and moving forward. I wanted to really start highlighting hustling ladies and their ventures to better give them their due justice. This is such a great time to be a woman on the move and I really want to help capture what myself and other hustling ladies are doing so I am including posts that focus on supporting women and their hustles titled: She Supports.

And I hope you dont mind that I’m kicking this off with obviously supporting myself. After all, if I don’t support me, who else will.

Last month, which was only a few days ago, I released my second self published book, but it’s my first book that I felt I put a lot into when crafting the content. It’s titled:

The Single Woman’s Guide to Side Hustling

A piece of work I am very proud of and proud to be sharing with the world. I’ve had a lot of positive influences and people who contribute to keeping me smiling and mentally in the zone, so I thank them all for their energy, as that too went into the book.

Please support my book by making a purchase. My goal is to get this book in 200 hands by the end of the year. In the book, I really talk and share how I got started side hustling, what have been my tricks and tips and even secret sauce, so to speak. And in the book, it encourages other women to take up side hustles as well. I’d like for honest feedback and opinions. And if you’re willing, even have an open dialogue about the freelance and gig work space.

Hope to hear back from you and what your thoughts were!

https://www.amazon.com/dp/1096256231/ref=cm_sw_r_other_apa_i_GcwhDb301GRSP

This Week’s Goal: To Outline and Plan My Goal

My goal has always been to be self employed. Fully. No full time job cushioning the dream indefinitely or funding the dream for the long haul. The goal has always been to eventually move into the self employed space and make that my permanent reality. After leaving the Girlboss Rally, I’ve been told I need to be strategic about my goal. And that I could accomplish being self employed in the next two years.

So… this week, and thanks the 4th of July holiday for giving me an extra full day off, I will be working on my strategic plan so that in the next 18 months, I can build the life I want and do the things I’ve always wanted to do.

I enjoy my job. I really do. And it’s ashame this job came so late in the employment game for me. I think if I had this job earlier on, I wouldn’t be so jaded about employers or about working for someone else. I may not have even wanted to work for myself if I had this job earlier. But everything happened the way it did and perhaps, they it was suppose to so I could dream this big dream and have these lofty goals.

And so I will aim. High.

Working 5 to 9: Down Time

There’s nothing like some down time when things are slow. You can get caught up. You can get things in order. You can catch on personal things. You can even do laundry. But down should be used wisely in between clients. And, depending how you look at it, down time be an assorted bag.

Trust me, I love when I have nothing pressing or due, but that also means I don’t have any extra income coming in. So when I get a little down time in between clients, I either prep or rest. I don’t try to overthink my down time, which sounds a little weird, I know but it’s true.

Rather than overwork myself, I brainstorm. I right ideas down. I take notes. Nothing more. If not any of that, I literally rest. I get caught on sleep. I enjoy a glass or two of red wine. In cooler weather, I’d enjoy a few cups of herbal tea. I watch an inspiring or listen to something inspirational like a TED Talk or speech. I focus on making that time about shifting my thoughts and being in positive mindset. And it’s so important to try to remain positive as possible. Juggling multiple projects, work and pretending to have a life… down time is a good thing.

Get Motivated: Meet, Network, Chat Up, Repeat

Yes, I’m still high from attending the Girlboss Rally this weekend. And over those two days, I was reminded of something very important we women do but shouldn’t: we carry the burden of work – whatever work we do – all alone as if we’re the only ones experiencing our sort or level or dedication and standard.

Taking a page from the business consultant, Ivy Slater, we get more work done when we ask for support. Whether we need to go to a women’s conference such as the Girlboss Rally to be reminded of this. Or if need to ask out closest friend, like Elle is to me, to contribute to our blog, we need to ask for support. We need to network. Meet up with other like minded women, share our work or what we’re working on. Not for validation or for compliments. But for support. Our there is our tribe… let’s meet them halfway.

Money Matters: Save, Invest, Pay

I spent most of time at the Girlboss Rally attending money workshops. I was a little concerned that I wasn’t finding workshops related my work. And even though I was attending Girlboss as part of my work, I was also attending as an opportunity to learn for myself and my near future aspirations.

And during these very insightful discussions as to when/ how to manage money successfully, the topics of when and how much to save, when and how much to invest and when and how much to pay yourself were constant and prevalent. But the takeaway was they same.

NOW!!! Or in other words, start saving, investing and paying yourself immediately. The moment you start making money, the moment you get paid from your first side hustle client, do all three.

Save money: you may have to claim taxes on your new found income. So put some money aside for that.

Invest money: put money back into the business and make sure you have the supplies and equipment to remain “operational “.

Pay yourself: I’ve heard lots of self made people talk about how long they went without giving themselves a salary. But that doesn’t logically make sense. Because if this little thing called rent. So pay yourself. Think of a percentage and stick to it no matter how much money you start to bring in.

Make your money work and grow for you from the very beginning.

Money Matters: To Charge or Not To Charge Sales Tax

That’s a very good question. And I think this is the first time I’m delving into this topic. So this should be fun. Maybe moreso for me than for you, but hopefully for both of us.

As a side hustler, maybe all your fees and services are cash based. There is no tax to charge because it’s, well — to put it frankly – you get paid under the table. We’re not reporting the income we’re earning on the side because maybe it’s not worth reporting. Now the IRS will tell you something different. They will say that ALL income needs to be reported. I say (but please do what’s in your best financial interest and to avoid jail time) that IRS needs to prove there was income before I report anything. I mean, a few years ago I found $25 in the street on the way to work and on the way home. The cash I found that totalled $25 in that one week. That wasn’t income. That was finders keepers!

But in all seriousness, there is a reason why cash based businesses still exist. They can report higher losses and keep more of their money because they have “less” receipts to produce if audited or for whatever reporting purposes. But the question is, should you charge sales to clients tax at all?

I’ve done/do both. When I was providing resume services, and clients were paying via online, I charged sales tax with the expectation that I would have to report it on my taxes. And I explained to the clients that because California will charge me a tax, I needed to charge them a tax. Poor reasoning but people legitimately went along with it.

With my part time notary business, I don’t charge a sales tax at all. And it could be because I also charge a travel fee. But a flat rate has helped me – I feel – continue to get clients and have repeat clients.

So… should you charge sales tax? I say yes, if you’re going to be collecting a lot of online payments. No (but you still can), if you’re going to remain a cash based hustle. The decision is yours.