Or more lovingly titled, “financial planning for creative entrepreneurs.” But let’s be real, some of us need a loving kick in the pants. I get it. Finances and building wealth can be so overwhelming. It’s easier to just stick your head in the sand and ignore things like paying taxes, planning for the unpredictability of business, or figuring out how you’ll retire someday.

Today, that changes. With help from my friend, Matt of Harmony Wealth, we’re going to empower you with information & tips you can start putting into action right away. No stress. No second guessing. Just getting your financial sh*t together… one question at a time!

How to Financially Plan for Slow Seasons in Business

Matt walks us through helpful ways to think about your business finances versus personal finances so you don’t blow through excess when things are going well. Sure, he gives tips we’ve all heard before like, get a business bank account. Still haven’t done that? Do yourself a favor and put it on your to-do list now before you keep reading…

But more than that, he brings an empathetic perspective to this problem… Can we always predict when business is going to get super swamped or slow down to a crawl? No – especially not when we’re new and don’t have years of data to reference. That said, there are still ways you can plan ahead to make those slow seasons (predictable or not) a lot less stressful on your wallet.

How Much Should Business Owners Set Aside for Taxes?

And furthermore, what systems can we put in place to make sure our quarterly or annual bills don’t give us a case of the “oh, sh*t…. where am I going to come up with that much money in time?”

While Matt shares his own personal strategies (not in the form of financial advice), he indicates 30% is probably a safe bet for most business owners. But then he takes his financial wizardry to the next level with a really underrated tip for entrepreneurs. Listen in to find out what he suggests you do with that money while you wait to pay Uncle Sam.

Retirement Planning for Self-Employed Business Owners

According to Forbes, 1/3 of business owners have no retirement plan. As a past Forbes contributor himself, Matt weighs in on what creatives can start doing today to start working their way toward a retirement plan. Spoiler alert: it’s not as difficult as you think!

Financial Planning for Creative Entrepreneurs

After tuning in, we hope you feel much less stressed about financial planning for your life and business. That said, if you want a little extra support or personalized strategies, you can learn more about Matt & Harmony Wealth here.