The business of finances. Our journey so far as Latino entrepreneurs.

The business of finances. Our journey so far as Latino entrepreneurs.

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?