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?
By Juan Alanis in Familia 1 Comment Tags: anjelica cazares, crafty thrifter, craftythrifter, financial, hispanicize, hispanicize texas, hispz17, hispztx, independence, Juan Alanis, Juan of Words, Juanofwords, la_anjel, lifestyle, Los Metiches, losmetiches, metiches, mexican, mexican lifestyle, prudential, prudential financial, Texas
This is part of a sponsored collaboration with Prudential and DiMe Media. However, all opinions expressed are my own. It’s kind of hard to put into words how much it meant to finally bring a Hispanicize signature event to the state of Texas, but I think the reactions from attendees afterwards pretty much sum up […]