One of the things we’ve always known about each other is that family comes first. I mean we met at my sister’s going away party when she was leaving Houston for D.C., all of 15 years ago now. From that moment on we have spent a lot of our time together around our extended family. Who would have imagined that what started as an awkward conversation in the dining hall of a Mexican restaurant, fueled by liquid courage in the form of margaritas, would have us here today, that many years wiser and more experienced. We were in our twenties when we first met so you can imagine the changes each of us has made over the past 15 years. But let’s be real, we’re still the same crazy pair of metiches we have always been. If anything, now we are much more crafty about our shenanigans.
We knew the road to financial independence would not be an easy one, and we expected to hit more than a few bumps on the road. What we didn’t expect was that our lack of knowledge on simple things like how to register our business for tax purposes could make such a huge difference at the end of the year. The self employment tax is no joke, let me tell you. But that’s the thing – we’ve realized – that nobody teaches you about this stuff in our community. At least not in our families or the education system we grew up in. I didn’t take an economics class until high school, and even then what we learned had little to do with everyday wealth-building techniques or practices, much less with building a long term financial legacy. Those are things we have had to learn on our own, not too often the easy way. I guess that’s why they call it the school of hard knocks, right?