[IMPORTANT NOTE] Throughout this page I use 'side hustle' to refer to a job, gig, or main income producing activity whether it's part-time or full-time. Basically, if you are self employed in any way, shape or fashion - PAY CLOSE ATTENTION. This is for you!
So you have a side hustle or about to start one. That's excellent! I have just one question for you ...
How are you going to manage your money?
Are you going to subscribe to a monthly paid online service? What about buying some software? It's all a possibility for you but the problem is you might not yet know which is best for you.
I can help you with that.
Eventually (and that could be later this year or next depending on how successful your side hustle is) you'll probably want to switch to an online service.
But until then I'd recommend you SAVE YOUR MONEY and focus on using FREE TOOLS to manage your money, and in this course I'll not only show you how I use a spreadsheet to manage my 6 figure side hustle business, I'll even give you a copy to use yourself!
Making money with a side hustle is only part of your business process and in this course I show you how to set yourself up quickly and easily for success. I show you how to ensure you aren't penalized by the tax man and how to feel confident the money in your bank is yours to spend.
[WARNING] If you're already side hustling, I'm betting you're making a few mistakes which (while not illegal) will most certainly cause you financial problems during the next year end and tax cycle.
But don't worry, sit back and watch as I walk you through my simple system showing how to use my included spreadsheet. See how much money you have at any time, what's yours, what's owed to you, what you owe in taxes and much more.
My system (custom coded into the included and downloadable spreadsheet) provides something I've NEVER found in any online system - a real time report on income taxes owed! My spreadsheet adjusts as you add income, reduces as you add expenses and with my simple 1st and 15th process, you'll stay on top of your side hustle money management.
What you will learn in this material is my PERSONAL SYSTEM & APPROACH to money management. I share my experiences and advice, and you are free to follow or ignore it as you see fit. Remember I am not a lawyer, tax specialist or certified accountant.
However the advice which I'm sharing was taught to me by such people (usually for a large fee!) That said, your circumstances are unique to you, to your business and to your country. Seek counsel from your book keeper, accountant or financial advisor when necessary.
My aim with this material is to show you a framework that's cost effect and easy to apply, easy to follow and helps makes managing your money a lot easier!
Thank you and let's get going. Enrol now.
What You Will Learn:
- You'll always know precisely where you stand with your side hustle money - how much you have and what is owed to you
- You'll have a simple system that tracks your income, expenses and time logs
- Quickly track expenses, log time and maintain a running balance of accounts
- You will have setup your bank accounts properly to manage your side hustle money
- You'll feel confident about your personal tax situation and avoid penalties
- You should be able to use a basic spreadsheet (template included)
- You should have (or be starting) a side hustle (full or part-time)
- You will (eventually) need to open separate bank accounts for your side hustle money
- You will need a way to accept payments online eg. PayPal, Stripe or eTransfer etc.
- Anyone with a side hustle that's making money - even if only a little!
- Anyone just starting a side hustle and wanting to ensure they avoid tax penalties
- Anyone just starting or running a side hustle that wants to keep more of their money
- Anyone starting or running a side hustle that wants to make managing their money even easier
James is a fan of the side hustle and finds words and technology fascinating. He loves systems, productivity and marketing automation. When he's not speaking or coaching, he divides his time between writing, creating courses, producing videos and consulting.
Before starting his own business, James worked in technology as a programmer and climbed his way up to VP before taking the leap into self-employment in 1999.
2019 marks James' 20th year "free" and he attributes a large part of his freedom to passive income from books and courses.
James is also an Evernote Certified Consultant and one of the first Infusionsoft Certified Marketing Automation Coaches in Canada! For fun, James produces various local b2b networking and social events supporting his hometown of Burlington, ON.
StartHow To Invoice Clients and Get Paid Quickly
StartHow to setup your bank accounts so you don't get into trouble with the tax man (10:21)
StartMy Books - The Spreadsheet solution I use (DOWNLOAD Included)
PreviewSimple Tax Calculators - How to find your income tax rate in Canada and the USA (2:29)
StartHow to track and record your expenses so they reduce your tax liability (5:56)
StartHere's what you owe in taxes and how to reduce the balance (8:43)
StartYour balance sheet and how much money you have available at any time (7:34)
StartHow to get a year end bonus :) (4:35)
PreviewHow to track your income and ensure you get paid in a timely fashion (6:54)
StartThe devil (and the profit) is in the detail - time logging (5:13)
StartSUMMARY: The entire process explained in about 6 minutes! (6:23)