Season 2 Episode 52: Starting a small business or side hustle

Everyday Wealth

Jean Chatzky

Investing, Business, Education

2 • 935 Ratings

🗓️ 1 January 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Happy New Year! In this episode of Edelman Financial Engines’ Everyday Wealth™, we present an encore presentation of one our most requested shows – “How to start a small business or side hustle.”

When you’re starting a small business or a side hustle, there are many important factors to consider to help make it a success. In this episode, Jean is joined by wealth planner Andy Smith as she shares her journey from side gigs to becoming a small-business owner and what she learned along the way. Later in the episode, Rich Lahijani, a director of tax advisory and planning at Edelman Financial Engines, joins the conversation to talk about tax considerations, including what you typically can and can’t write off with your new business.

Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).

The information being provided is for informational and educational purposes only and should not be construed as advice. You should consult a financial advisor and tax professional to help determine the best options for your particular circumstances. Neither Edelman Financial Engines nor its affiliates offer tax advice. Interested parties are strongly encouraged to seek advice from a qualified tax expert regarding the best options for your particular circumstances.

© 2024 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. Advisory services provided by Financial Engines Advisors L.L.C. a federally registered investment advisor. Certain services are provided on an educational and guidance basis only. Results are not guaranteed. Originally produced January 2023. AM3288476

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Content is for educational purposes only.
0:02.0	Consult a financial advisor or conduct your own due diligence of investing.
0:05.0	The show is pre-recorded. Everyday Wealth is produced and created by Edelman Financial Engines and hosted by Gene Chatsky.
0:09.0	Ms Chatsky is not an employee or client of the firm.
0:11.0	She receives fixed cash compensation as host and four related
0:13.3	activities and therefore has an incentive to endorse Edelman Financial Engines and its planners.
0:16.6	For additional information, please see W.W.
0:17.8	Edelman Financial Engines. com slash everyday wealth. The 2022 top 100 independent advisory firm
0:22.4	ranking issued by Barons is qualitative and
0:23.9	quantitative including assets managed by the firm technology spending staff diversity
0:27.0	succession planning and other metrics firms elect to participate but do not pay to be
0:30.0	included in the ranking compensation is paid for use and distribution of rating
0:32.4	awarded September 2022 based on data within a 12 month period included in the ranking. Compensation is paid for use and distribution of rating.
0:32.5	Awarded September 2022 based on data within a 12-month period.
0:35.0	Investor experience and returns are not considered.
0:36.7	Edlin Financial Engines, everyday wealth, will return next week with a new show.
0:39.3	Today we have broadcasting previously aired segments.
0:45.0	At the Intersection of life and money, this is Edelman Financial Engines' everyday wealth,
0:48.0	with personal finance expert Jean Chatsky.
0:51.0	Edelman Financial Engines has been ranked by Barons as the number one investment advisor in the country.
0:57.0	Now here's Gene Chatsky.
1:00.0	Welcome to Edelman Financial Engine's Everyday Wealth.
	...

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