A money podcast
made just for you
Finally, a money podcast made for consultants just like you. If you’re a solo consultant (or mostly solo) with annual revenue between $20K and $1M and need answers to money questions in plain English, you’re in the right place!
Join me every other Tuesday as we dive into all the business money questions (and maybe a little personal money stuff too).
Past Episodes:
73. [The Soloist Life] Building a Six-Figure Advisory Business (Working 15 Hours A Week)
Today Erica shares an episode from the "Soloist Life Podcast" where she was interviewed by host Rochelle Mounton.
In this conversation, Erica discusses the strategies that have enabled her to build a thriving six-figure business while working significantly fewer than 40 hours a week, from setting robust boundaries to leveraging automation.
Ep72 - Stop Thinking About Profit...a New KPI
As tax codes grow increasingly complex, Erica suggests a more comprehensive approach for business owners to assess their true financial health.
Discover why Total Owner Benefit is important to business owners, how it differs from plain profit, how it can influence tax liabilities and more!
Ep71 - What to Budget for When Writing a Book, with Stephanie Chandler
Author and CEO of the Nonfiction Authors Association, Stephanie Chandler, joins Erica in this educational and engaging discussion about how business owners can use a book to build their business.
Ep70 - What Are The Odds of Getting Audited?
In honor of yesterday's "Tax Day" - Erica addresses the question that is often high on our minds. And the answer should be encouraging!
Ep69 - SEP vs Solo 401(k) with Sean Mullaney, CPA
Today Erica is joined by Sean Mullaney, a Los Angeles-based advice-only financial planner and author of "Solo 401k: The Solopreneur Retirement Account". Sean shares his expertise on the differences between SEP IRAs and Solo 401(k)s, the benefits of each, and why most solopreneurs might favor the latter for their retirement savings.
Some of the questions they discuss are:
What is the difference between a SEP IRA and a Solo 401(k)?
How can an advice-only financial planner benefit your retirement planning?
Can a Solo 401(k) be a better option for solopreneurs than a SEP IRA?
Ep68 - No Pain, No ____
Whether it’s growing fast…or slow…today Erica shares some encouragement as you move forward in your business.
Hint: growth doesn’t have to be accompanied by pain!
And in the meantime, may your week be filled with healthy growth, and profit…
Ep67 - BONUS Happy Hour: Cost-saving travel hacks
In this happy hour bonus episode, Erica and Ben crack a beer and talk about top-of-mind money topics like:
saving money on hotels and rental cars
update on Erica's Southwest points hack
cheap first class airline tickets
Ep66 - BONUS: Live BOI (Beneficial Ownership Information) Application Walkthrough
This episode of a LIVE walkthrough of Erica filing her own BOI (Beneficial Ownership Information) reporting via the FinCEN website.
If you haven't already, listen to Episode 65 first.
Ep65 -New Reporting Law for Consultants & Small Agency Owners (BOI FinCEN reporting)
Today Erica talks about the brand new Beneficial Ownership Information (BOI) reporting law, which went into effect on January 1, 2024. Geared toward small business owners, consultants, and agency owners, this law mandates reporting to the Financial Crimes Enforcement Network (FinCEN), a branch of the U.S. Department of Treasury.
Ep64 -To Hire or Not To Hire, Part 2: Staying Solo with Geraldine Carter
In this must-listen episode, we delve into the crucial decision of converting your business to an S-corp. Is it the right move for your business in its early years? What about as you approach retirement? Plus, we explore the implications for those juggling a W-2 job alongside their consulting gig.
Ep63 - Happy Hour: LASIK, HSAs, Simple Path to Wealth, Donor-Advised Funds (DAFs)
In this happy hour bonus episode, Erica and Ben crack a beer and talk about top-of-mind money topics like: Is LASIK covered by insurance? What items are HSA eligible?
Ep62 -To Hire or Not to Hire: Successful Hiring for Solopreneurs with Jamie Van Cuyk
In this must-listen episode, we delve into the crucial decision of converting your business to an S-corp. Is it the right move for your business in its early years? What about as you approach retirement? Plus, we explore the implications for those juggling a W-2 job alongside their consulting gig.
Ep61 - When is an S-Corp a Bad Idea?
In this must-listen episode, we delve into the crucial decision of converting your business to an S-corp. Is it the right move for your business in its early years? What about as you approach retirement? Plus, we explore the implications for those juggling a W-2 job alongside their consulting gig.
Ep60 - Financial Basics for Starting a Consulting Gig in 2024
Is THIS the year that you are leaving the corporate cushion and heading out on your own? If so, listen for the “speed dating version” of what you need to get started. If you want a deeper dive into the items above, check out the episodes in our “Business 101” series (links inside!):
Ep59 - Holiday Special: Kids & Money with a 12-year-old
Enjoy this short and sweet conversation I had with our 12-year-old daughter Riley, about money and other things…
Ep58 - Which Accountant Do You Need? CPA vs Bookkeeper vs CFO
A recent incident with my mom-SUV provided a clear illustration that, just like there is a difference between auto mechanics, there is a difference between accountants, too.
And to keep it in the spirit of the Holidays, Erica borrowed a page from The Christmas Carol to explain how each of “the ghosts of accounting” work, how to decide when you need each one - and why.
Ep57 - When to Get a High-Yield Savings Account for Your Business
Does your business have money “sitting around?”
It’s always a good idea to build up a cash reserve in case something unexpected and unfortunate pops up.
Think of it as a parking lot for your money.
Something that you can use to continue paying your living expenses when needed.
Erica discusses how to utilize a high-yield savings account in order to do just that.
And - most importantly - explains how to find the BEST high-yield savings account!
Ep56 - Growing a Business as a Corporate Refugee with David Shriner-Cahn
Are you a “corporate refugee”?
In this informative and engaging conversation with David Shriner-Cahn, he touches upon a wide range of issues that relate to the journey from being an employee to becoming a successful entrepreneur.
Ep55 - 3 Things You Need to Change When Becoming an S-Corp
In this episode, Erica talks through what needs to change in your business once you convert to an S-corp for IRS tax purposes.
Ep53 -Elevate Your Money Mindset, with Sheila Hansen, CPA
Erica welcomes fellow female CPA Sheila Hansen to the show!
Sheila and I are members of a professional network were we can grow with fellow female CFOs and CPAs, offering each other support, advice, and practical knowledge. Sheila works mainly with creative service providers, providing financial support to business owners such as copywriters, photographers, social media managers, coaches, and speakers.