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?
I can honestly say I was not in the least bit expecting to win the Tecla Award I was nominated for this year at the annual Hispanicize event in Miami. I wasn’t even expecting a nomination, actually. When the news first broke on my newsfeed in the form of congratulatory posts from my friends and colleagues, I was just excited to even be on the same list as some of the bloggers I have long admired such as Crafty Chica out in Phoenix. The category was Best Blogger Content Creator, and I thought, “Nombre, I am not even that relevant anymore!” Pero when the moment came and the presenters of the category called out the name of the awardee I was the most shocked person in the room. After picking up my jaw from the floor and walking across the stage to the podium, I managed to mumble out a few words.