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S5E4: Hazy Nosh IPA | What’s up with the stock market? | Setting up your financial books for success
Manage episode 434009759 series 3580498
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Disclaimer: The information in this video does not constitute Financial Advice. Consult with a Financial Advisor before making any decisions regarding your finances.
This week Pam and Francis team up to break down the essentials—setting up bank accounts, handling taxes, and picking the right payment processors. Pam grabs a Hazy Nosh IPA and breaks down updates with the financial markets, stressing the value of long-term investing.
So grab a cold one, tune in, and learn how to kickstart without stumbling over money matters. This is your playbook to staying ahead in the financial game.
5 Key Lessons:
1. When starting a business partnership, set up separate checking and savings accounts to manage finances effectively.
2. Plan for taxes by setting aside 12-18% of revenue in a dedicated savings account.
3. Choose a payment processor like Stripe for ease of use and integration with accounting software like QuickBooks.
4. Keep detailed records of expenses and receipts for tax purposes, especially for expenses over $75.
5. Focus on long-term investing and avoid panic during short-term market fluctuations.
📰 On this week's What's News:
https://www.coindesk.com/markets/2024/08/05/first-mover-americas-bitcoin-crashes-to-50k-as-perfect-storm-hits-crypto-market/amp/
Today's Brew🍺: Uinta Brewing Co. Hazy Nosh IPA
🍻 The P.B.K.P.I (Pam's Beer KPI) Scale ⚖️:
1. Pam's Not Touching It
2. It's Sippable
3. I'd Drink it Again if You Gave it to me
4. I'll Order it if it's on the Menu
5. I'll Seek it out
About the Brewery:
Founded in 1993 in Salt Lake City, Uinta Brewing Company has earned a reputation for crafting award-winning, approachable beers across a variety of styles. Named after the only east-west oriented mountain range in the continental U.S., Uinta has always followed its own path. As Utah’s first brewery powered by renewable energy in 2001, Uinta remains dedicated to brewing innovation and environmental responsibility.
🍻 Learn more about Uinta Brewing Company: https://www.uintabrewing.com/
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Produced by Francis Plata & Forward Press Media: www.forwardpressmedia.com
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