35 Burst results for "self employed"
Federal Unemployment Benefits Set to End After Labor Day
"Millions of americans have been depending on federal unemployment. Assistance may be about to lose those benefits just as the delta variant of the corona virus poses a heightened threat to programs one providing jobless say to self employed persons and so called gig workers in other to those out of work more than six months are both sides expire next
"self employed" Discussed on Reduce Debt Increase Wealth
"What you need to look at and focus on so that you can stay with n your budget as far as percentages in key areas. He should be focused on. It does self employed is even more important because you have all those business expenses. You're gonna be paying. I you have all the taxes. Maybe you have employees so you'll have payroll taxes if you get behind on paying your payroll taxes. You're gonna get penalized and you'll never get out from under it and you'll get definitely get in trouble. If you think for filing bankruptcy is gonna get you out of it you are mistaken because bankruptcy is not going to give you out of any federal income tax obligations that you may have in the future or in the past. A budget is an important tool. It's a plan for your money. Sailing to plan is planning to fail. Whether you're self-employed or your work for somebody else. Having a budget is important. It's a plan and if you know where your money is going you know how much you have come in. Then you know how much is going out by different categories. You have that under control you can keep your finances and check and you can say for your future with. no problem. doesn't matter how much you make the more money you make the more likely you need a budget because you'll tend to overspend if he don't have a lot of money. You need the budget because you have to be careful where you're spending your money. I think the people with the lesser amount of money tend to be more careful on what they buy because they know they can't afford the buy whatever they want. If you make a decent income you might get careless on your spending and before you know it you have a bunch of credit card debt because you got three or four credit cards was ten or twenty thousand dollar limit and you get out of hand and at seventeen seventeen to twenty percent rate of interest. You'll never get paid down. Oh take you forever see you have to have a plan for your money. He gotta know what your current monthly expenses are gonna be so that you can plan ahead for those larger purchases. So you don't have to borrow as much money. You have a bigger down payment. If you're going to buy a house or an automobile so you can reduce what you borrow. He can get paid off quicker and easier without it being a struggle for your life. That is what a budget will do for you. So whether you're self-employed or you're a partner in a partnership or no matter what your business is all about. You still need to have a personal budget to take care of your personal life. Even if you have a working spouse the helps with the income you need still have a budget. Have it under control. Nowhere you money gone and don't waste your money. When i was an accountant i had a lot of clients. That really didn't have a clue about being in business versus their personal expenses. They had one dragon account. They paid all their business stuff through it. They paid all their personal stuff through it. They took cash out whenever they wanted to go out and have a good time or the grocery store her whatever they were doing and it may the my life their accountant. Little mole difficult. Because now i saw these things. And i had to determine as at a business expense or is that a personal expense. So if you can keep all your business expenses in your business accounts and all your personal expenses and your personal accounts then your accountant doing your income statement and your balance sheet or near statement of cash flow or whatever they're doing for you whether it's a monthly or corley basis. Make their life easier so they would be able to do a better job for you so you know how much money you're making how much money you're not making. You'll know which months are good. Which months are bad and we have some consistency and your accounting. And that's what is really all about being consistent with your finance month in and month out both for your business and your personal. I hope this is gonna help you. And i'll be back one moment with my final thoughts. Few listen to this podcast using an apple. Podcast app please. Rate and review this podcast. If you don't know how to write and review with end the apple podcasts. Act do search. Even if you're already at reduced that increase wealth you do a search. The search is done. You clicked on reduced debt increase wealth. Didn't scroll down through the episodes and towards the bottom you'll see right of review you can rate the stars if you click on write a review you write your comments and then click on the number of stars. You wish to select having a budget whether self-employed or working fulltime for somebody else is important determining what to use as your income. If you're self employ is using the draws retake from your business account. He had more than one business in may be from more than one business account. Your personal budget is still important. You still have to know how much income you need every month to pay your personal bills so keeping it. Simple keeping it. The fine with the four categories housing transportation food saving savings also includes pan off credit card debt or paying down your credit card debt. The more you can say the better off you're gonna be in the future because they're less credit you'll need to use and the less credit cards. You use overall your financial life will be better and easier less dress. less debt. Failing to plan is planning to fail so having a budget a matter how simple is keep it simple so that you know and understand what your income and expenses are a month a month and you need to update it every month so they can get a accurate pitcher so that you know exactly from time month to month year year. What your needs are to pay your personal bills..
"self employed" Discussed on Reduce Debt Increase Wealth
"Maintenance that category should not exceed thirty five percent of your income and they s- percentages a night using the fifty thirty twenty rule. I'm not using seventy thirty rule or any of those other budgeting. I'm the saying thirty five percent of your monthly income or less. He should be spending on housing f. Your housing costs is forty three percent or higher. You will not be able to get any other loans. You may not be able to refinance and you will be in financial problems sooner than later. Food food and clothes includes groceries and dining out fifteen percent. If you're getting over fifteen percent of your monthly income for food then you got to look for ways to reduce it. Maybe your dining out too often. He maybe you can go to the grocery store and eat in more and save some money their transportation. that's also fifteen percent that includes your car payments gas and maintenance on your automobiles and also insurance. That may be tough to stick to but you need to try to guess close to fifteen percent as possible so that sixty five percent of your income is eaten up already and three of these categories savings should be another fifteen percent or more the more you can save the better off. You're gonna be you're gotta have an emergency fund and you're gonna be able to meet those unexpected and expected expenses that pop up from time to time because you never know also you need if you have a tax liability you need to budget for your income taxes whether it's federal state or city whatever level that you're paying if you need other insurance like your home insurance should be part of your housi- you automobile. Insurance is part of your transportation. Maybe you need life insurance because you have a wife and children so if something what happened to you you would leave some money for them to survive. Maybe a disability insurance. If something happened to you unable to work insurance that kicks in for that anything else should be going into your savings account. There's no aunt ifs or buts occasionally gonna buy clothes. That's gonna be a small percentages of your spending. Health would be for doctors and many medication. Maybe for vitamin stuff like yet. But you're four major. Category housing food transportation and savings are the four major categories to you need the focus on so housing is thirty. Five food is fifteen transportation as fifteen. Savings is whatever's leftover twenty thirty percent and then entertainment clothing could be another ten sent. You want to increase your savings as much as possible. And if you don't have savings and you have a lot of credit card debt. They you need to focus on you get net credit card that pay down and off because it's really expensive to matan meant hain a large credit card debt. He'll get behind and you'll never catch back up so if you stick to those percentages in your budget for those four main categories that'll give you thirty five percent of your monthly income or if you're self employed your monthly draws to set aside for savings but we know that's not gonna happen because you got credit card debt and you can't be live at off your credit cards if you're self employed because it will cost you and it could cost you your business if you're not careful so part of that thirty five percent you're gonna use the pay off your credit card. My of vice. Forget now a credit card debt is one quit rating new debt to pay the minimum amount on each of your credit cards and three get an emergency fund set up saves account and have at least five hundred dollars. I prefer a thousand dollars or even more so that if something happened in the future you have the money to pay for without using a credit card or you can reduce the use of your credit cards so that you can get farther ahead instead of digging yourself deeper and deeper in a hole so thirty five percents of big number some of that is gonna be going in your savings and some of that is going to be going to pay off your credit card debt and some of that is going to be in other miscellaneous category such as clothing maybe daycare or other things that you are paying on a regular basis once you get your budget set up in tune in the first thing you need is to focus on seeing how close you are to those percentages of your income. Maybe can do a spreadsheet and put in your monthly income and put housing do the math thirty five percent of your monthly income food fifteen percent transportation fifteen percent at sixty five percent total remainder should be thirty five percent naked. Even break it down farther if your wish but those are the four major categories. He should at least focus on. And if you're over those percentages what can you do to get the closer to an range. Now let's say that your housing is at thirty eight percent so you're a little bit over. That means that thirty five percent for your credit cards and savings is going to be reduced down by three percent. Same thing with your transportation and food and entertainment. I call food and entertainment because going out to eat is entertainment for me and may not be for you. But that's i consider dining out as a entertainment expense from time to time. I don't do it all that off. So that's.
"self employed" Discussed on Reduce Debt Increase Wealth
"Hello i'm your host. Mr chuck a retired accountant turned truck driver. I reduced my debt and a relatively short period of time. Debt reduction to achieve financial. Freedom takes commitment offense determination budgeting for the self employed. The biggest difference is determining what you use for your income and your budget if you work for an employer it's simple it's your net take home pay is what you use for your budget for yourself and your spouse plus any other income they you may have on a regular basis such as rental property. But if you're self employed and you file a schedule c. yourself employed by yourself or your partner in a partnership or your farmer or maybe just have rental properties and that's your basis or your only source of income is from rental properties or year a real estate salesperson with rental properties. We are determining yourself employment. Income for your personal budget is gonna be different than if you work for employer. Everything else is gonna be the same as far as Categories for your expenses and the percentages. He should be using so everybody is gonna benefit from this episode. The first part of it. I'm talking about self employed as a self employed person. Your taxes are based on your profit at the end of the year. Maybe you have an accountant. That does an income statement for you every month. That is a good indication of when you make your income but the total income that you pay taxes are determined for the entire year. So how do you determine what you use when you're doing your personal budget he why you're gonna be using would be the drawl state you take on a regular basis throughout the year. The drawl are slyke your paycheck without any taxes. Coming out so in your self employed you need to separate your business life from your personal life which means you need a business checking account and a business savings account and you need a personal checking account and a personal savings account. It's important at even more important. If your income fluctuates seasonally so you need to save money in that savings account so you have the money to pay bills when your income is down when you're end business you're gonna have to pay all of your employees own employment taxes your self employment taxes. Fifteen point three percent. Plus you're gonna have to pay the federal income tax state income tax and eighty other local income taxes. You may be subject to so on your business level. You need to put aside in a saves count about thirty percent of your profit so that you have the money available when the taxes become due if you've been in business for multiple years you're most likely make an estimated tax payments for the federal and the state so you need to have that money available and not spend it on by an inventory or pain. Your personal bills. Because that's money that not belongs to you. It's gonna be due to the government sooner than you think. When i was self employed my biggest expenses was paying the taxes paying my own taxes with hurt me the most so once you have that figure it out and you have a business. Maybe you have inventory. Maybe you don't so you gotta pay all your business expenses. So you do. Because you can't sell anything if you don't have inventory if you have people working for you you gotta pay payroll and you gotta pay payroll taxes. Which is going to be at least on a monthly basis. And you gotta have rent and utilities and all those type of things maybe security for your business and then when you have money leftover if that's you know if that happening maybe you have a lot of money leftover some of that you go into your business savings account so you have to pay your income taxes later in year some of it should be there as an emergency funds for when you sales drop off. You have money to pay the rent and utilities and your payroll when the when they are due. So you're gonna be taken a draw most likely on a monthly basis or maybe a couple times a month and that draw is the money that you used to pay your personal expenses so that is your income for your personal budget is the draws that you take out of your business is the income for your personal budget everybody else. It's your net. Take home pay. F- you have an if you're an employee and your net take home pay. You don't have to worry about budgeting for taxes because taxes are a came out your payroll check. You don't maybe you have health insurance so you don't have the budget for your health insurance because it's already paid. That's why you're using the net amount to determine the amount of incoming money you have for your personal budget then from there you're gonna to have categories for expenses the categories that are important or the four major.
U.S. Jobless Claims Fell to Pandemic Low of 348,000 Last Week
"'cause it's thursday it's first time jobless claims the trend to be clear over the past month or so has been really good last week. The number of people filing for unemployment benefits for the first time fell to three hundred and forty eight thousand the lowest since the middle of march a year ago and total claims in all government jobless programs is down to eleven point seven million but again from the desk of maximum peril. Mitchell tells us there is a potentially nasty shock lurking inside that number you can see. The latest jobless claims numbers as a glass half full mark hamrick at bank rate says unlike earlier in the pandemic when millions were getting laid off every week. Layoffs have not really been the overarching concern with respect to the economy but there is a big concern looming. Emergency federal pandemic benefits are about to expire says analysts go-getter at the brookings institution on labor. Day anyone who normally wouldn't qualify for their state unemployment which is quite a lot of people that were impacted by the pandemic lose their benefits. That's nearly five million people right now including anyone. Who's a gig worker. Contract worker self-employed navy worked part time and didn't earn enough to qualify another four million or so long term unemployed are getting federal benefits because they ran out of state benefits and everyone on unemployment right now gets an extra three hundred dollars a week from the feds all told that's more than six billion dollars in weekly federal benefits that vanish in two. And a half weeks.
Author Brendan Leonard on the Love-Hate Relationship Many Have With Fitness
"So brennan. I think the title of your book. I hate running and you can't. You might give a lot of people pause especially because the a and hate is a heart so kind of breakdown that dichotomy. That paradox for us. Yeah Actually made that t-shirt to sell Because i thought this really captures my my feeling about this. Like i hated economic like it. You know like. When i'm done with it i love it. I love having done at love being runner but like most of the time. It's really. I don't know if you to have this problem but i'm self employed so when i wake up on wednesday go okay. I get run today and I think about. Maybe i should run rate when i get out of bed. You know or right after breakfast and then it's like three o'clock and i'm like really need to run today and sometimes it's like five thirty and finally get out the door so i put it off because i apparently don't enjoy it enough To to actually. Just go do it. And i think i had this feeling that my relationship with running with like the love hate was common to a lot of people in calm and i still only met a few people who don't know i just love it in there. I think professional athletes so knowing running partners what they are yes. She's so happy to be out here. She's talking about me right. So it's i. I felt like there was maybe a market for that sort of idea and also won like people to know that it's okay to not like exercise seato. It's like no one likes it real. I mean some of us. Some people do. But like i feel like. It's just a game of tricking yourself into thinking you like something in order to maintain fitness. You know no matter what you do So running that's my relationship with it too. I think one of the chapters talk about The difference between liking something in loving it do like use the metaphor of having children. You know. I don't personally know this. But i know that people do not like their children one hundred percent of the time they do they do love them still even dislike them so i feel like running is the same thing only. I probably hate it a lot. More than people hate their kids.
U.S. Jobless Claims Near Pandemic Low as Economy Strengthens
"Unemployment benefits claims fell for a third straight time last week some three hundred seventy five thousand Americans filed for jobless C. down thirteen thousand from the previous week it's the latest sign of fewer layoffs as employers struggle to fill a record number of job openings amid a consumer search about twelve million people in all are getting unemployment benefits which is down nearly a million from last week that partly reflects more Americans being hired and no longer getting benefits but another factories many states have canceled a federal program for the self employed and a separate one for the long term jobless both are due to expire nationwide next month Sager mag ani Washington
"self employed" Discussed on FT Money Show
"Credit history and lost banal least is also with applying when your revenue is high point previously. That lenders now oscar. Full recent bank statement. So if you've had gooding come in the last few months and that the lender confidence that business is doing well the cost. Experts have provided some great pointers for reality. But what does she make of what they have to. Yeah really helpful to get their insight. That was not so things that will mentioned that. I wasn't even aware of the banks took into consideration so the fact that they kind of. Take the positive when your business is doing well but also if you've been making losses or not been doing as well they'll take back the last year so that was quite insightful and it was good to know just kind of be reconfirmed that it is quite tricky for those self employed when applying for mortgages. I didn't even know that. Having dependence could reduce your feasability of getting a mortgage as well. I had no idea that might even came into on that. She just looked to your earnings up. And that was it. So yes i feel like. I'm a bit clear about what i need to do. Or that wills advice for somebody who's businesses on the ascendant right now to get your accounts dumb as early as she can when the new tax rea- starts in april or thought that was very very helpful to definitely and that something. I'll definitely be taking on boss on qualified. Bookkeepers i've been doing my books myself. An anomaly them in early may be around. Jinja nightime i think obligate them in the suna mattis year holies holy trinity for self employed parents especially the cash buffer sourcing out a will and sorting out life insurance. Now half philosophy is you can do these things and cheaply online something in place upgrade the level of cover with a level of details later on. Is that something that you feel confident. Now about putting on financial to delist. Yeah i mean it had always been on the dizziness. But kind of at the bottom of it and i always thought once my it come through and odds in a more of a settles financial situation. Then i'll give it. But now i know i can just get it done now and change it as when my circumstances change. I think holly got really spots home. When she said about having a buffer and how important that is and i think that became evident at the beginning of the pandemic when it was a very uncertain times and i was thinking. Oh gosh wife. Things are terribly wrong but yeah no really really helpful money clinic with me our this week and we hope you like what you've heard if you do spread the word leave us a review if you would like to chat with me on a feature say to the show and get some expert thoughts on the money issue this bucking you. Then email me.
"self employed" Discussed on FT Money Show
"Pensions of the best home fuel long-term savings because a favorable tax rules saving into a pension makes the most sense out of any of the vehicles out there because for every eighty quick you pay into a pension if your basic rate tax payer the government will talk it up with twenty quid. That's effectively free money now. The good news is there are more apps out there. Reactions found her way to one. You can do online. It doesn't have to be endlessly complicated and is all digital rights that you can stay on top of this kind of keep your head around what you've got in it and remember you can start small. I think this is becoming my mantra. My advice to people. It's a bit like fitness. i think is when it comes to. Don't try and run a marathon and start with just start. Just open one up just put in one hundred pounds. Set up a direct debit. Even if it's ten pounds a month just get into the habit and kind of ease yourself into it because for self employed people this is going to bite right When when people get to their sixties there's been no on sort of doing it for them so you we've really got to take ownership will that if you're self employed and have been saving money for property deposit that's a great first step but then the really tricky question is who is going to give you a mortgage step forward will ride the head of mortgage adviser habito and online mortgage broker..
"self employed" Discussed on FT Money Show
"It doesn't throw you off into it. While panic we'll call it holidays. Are you trinity. The first two life insurance and wills can be sorted out crissy quickly online with life insurance. I went online to sort of checking it out before this podcast. I'm older than reanimate. I'm in my late forties scope. I answered the questions. It would cost me about thirty pounds a month with two hundred thousand pounds worth of life cover. You can do it in ten minutes and just get that monkey off your back. I think is fundamental for many of us particularly with parents. Depending on the policy life insurance could pay out either a lump sum or regular income to dependence in the event if you'll death into even be used to clip that like mortgage but it comes to wills well we actually discussed them quite fit in on new years. So if you haven't already heard in get loads of great tips there assessing quickly and for not much money booming to it in the show nights that was about the third part of hollies trinity cash. Often i think this is more important than thinking about saving into a pension or an ice or anything else. It's just that immediate access to cash if things go wrong most financial planners care was just you have between three months and six months income in an easy access or similar sort of cash savings product. Once you've got your cash buff assorted. Holly says..
"self employed" Discussed on FT Money Show
"How did it make you feel when the mortgage provider said well. Yeah you're any good for thirty six grand just massively deflated. Especially because i've been a high number before at a much younger age and maybe not working as hard as i am. Now see at my circumstances and the fat. I'm self employed having a negative impact on my desires to anaheim again reorganised facing very common. Problems for the self-employed. I wanted what she would like to find out from the experts. I definitely think pension how to figure out. If i'm paying in the right amounts Obviously again mortgages can be much more tricky to guarantee because my income is changeable and also savings schemes as well so all that any other savings vehicles are flexible for self employed. People like myself someone who understands rianne situation only too well. It's my first expert. Holly mci the founder of consumer finance firm boring mummy. But don't worry holly is one of the most engaging women in finance. I know she's gone from being an employee to self employed and then a director of her own business which aims to make the dry subjects of finance well interesting. I've always preferred the flexibility that being self employed running your own business bring so. I wouldn't look back or change anything but holy knows it can be a tough route to take. I would say for self employed people this just an enormous weight on people showed us. I think it's just decision-making and rhiannon particularly being a sole parent as well as in the middle of a pandemic. You can't try and be perfect in every single decision an agonizing procrastinate but i think there are some things where we have to learn. Just go with what so for now that something is better than nothing. What kind of advice would you give to. People who also employed to manage these ups and downs. I think there were three things that everyone needs to get their heads around and get sorted. The first is life insurance..
Dr April Brown on Understanding and Improving Intimacy
"Ominous. Many people have heard this into me. So it is connecting with your yourself in the present time moment so when you're intimate that means you're at their body mind spirit in seoul and i now may be like well. How can you be disconnected from yourself when your body may be once could times your mind as you're sin. They're worried about things in the future are thinking about things in the past intimacy also means that strong connection where you are protective of yourselves you love yourself you love yourself as an appointment of loving yourself just as much as you love by the people so it's not When people talk about loving oneself some people think it's like. Oh my gosh being arrogant if i love by itself now but it's loving yourself as you love others. What can someone do. Who wants to improve that self love getting intimate with one shelf. How can they start doing that. Well variety of ways self employed talking about loving ourselves and let's just talk about the physical the body parts That starts with accepting your body accepting which look like. Be thankful for what you have. Of course we all want may want to improve xyz as a few pounds. Whatever the case may be but it's starts there and then he goes to the next part of not putting yourself down so it is imperative not to talk trash about yourself because you're going to be with you for the rest of your life so you want to uplift yourself thing positives of yourself. Of course you're like well duct tape I make mistakes. I make mistakes to be day. And so i just say you know my bad will duct tape. Go self april. I'm going to try to do better the next day. But i don't get
If I Had Jesus Powers With Gary Thomas
"Today. Special guest is pastor speaker and author. Gary thomas welcome to the show. Gary glad to be here. Thank you thanks for taking the time. Does a little bit about what you do. I know you've been a pastor for quite a while you've written a few books Quite a long list there but give us a brief introduction to gary is and what he does. Well i've always wanted to be a writer. Michael in large part because i'm uniquely limited in my skill set are very cute things. Anybody would pay me to do And so i'm glad the writing worked out. So i'd been a self employed writer for fifteen years and then a church in houston texas. Pretty large church said we'd like you to come during the teaching team. And so i'm still writing books and travelling but then for glass decade been working in houston At a church on the teaching team so still riding. That's kind of been my life. Writing is a blast. I love book behind you there. It's my first one. I love writing out. It's it's definitely a passion for sure. So let's get into. What's your favorite book you it you wrote written. I'm that's kind of like asking. Who's your favorite child. I mean in one sense sacred marriage made it possible for me to keep riding sold over a million copies so it just it just creates a level of comfort. So you can keep doing what you wanna do. sacred pathways ditz. A lot of attention. Because it deals with the different ways that we connect with god and So it's it's really become beloved by some just because it helps blow part. The one size fits all spirituality. It we all pray the same way or relate to god in the same way
Couple Leaves Their W2s (During COVID!) To Go Full Time in Real Estate
"Sale. The nick welcome to the digger pockets real estate rookie. Podcast super excited to have you both on here today. Thank you excited to be here. Thanks for having us little backstory seminar. Actually guests on my old podcast. The your first real estate investment podcast. I don't remember what number. But i think it was one of my top performing podcast super. Glad to have you guys back on to the real estate ricky show to kinda share your story to before begins the deal details and all that good stuff yourself a little bit about the two of you okay. Yeah so we have been investing for about three or four years. Now we've been together since we were like fourteen or fifteen years old and are now married. So nick was the catalyst of real estate investing in decided and he was like seventeen that he was gonna start planting. The seed takes a long time for me so that was really good and once we graduated college we moved into our parents. Basement started saving money in kind of took off our real estate investing career from there. That's gre- nick. I wanna hear from you as to why when you were seventeen. Did you think that you wanted to be in real estate. Investing i mean most seventeen year olds. Don't think that we have. It's an awesome question. I wish i had a great answer for it. I think i came from like my dad was self employed so i sort of came from that environment but never had anyone in my family that was into real estate. No we knew nothing about it. I think if i recall like probably all of us i started googling and then we found bigger pockets and so that was like kind of what got me hooked at that point but yeah no family connections or anything. I think i just always had the desire to like. Wanna do more than a w. two. I didn't want to be tied to her career again. I don't know why. I was thinking that at young age but i was and then it kind of drew me in. Can you guys give us an overview of your current business like where it stands today. How many deals have you done. How many units do you guys manage. Operate own yes. So our who are investing business. We have done three deals in. Its six doors total. Where in boston massachusetts okay. I wanna know you guys over. Were there any analysis paralysis. So you wanted to you. Start thinking about this when you were seventeen. How long until you actually bought that property. Yeah so it was. It was a wile again. We were young. We went to college but what we did was post college. We moved in with. My parents lived their basement to save up. So i don't think we had a ton of like your textbook analysis paralysis. I think it was a combination of like. We couldn't afford to get started right away. So we went through the savings sort of portion. I that took us. It took us two years to get our first deal but from the time we were ready until the time we were able to get under contract on something it wasn't super long
"self employed" Discussed on The Indicator from Planet Money
"Course of her career end of her life. Honestly when i look at myself in pictures. I see a whole different person. I honestly i don't like to say like these things out loud because i know kobe affected a lot of people in such a negative and ugly way But what happened with me. It's sort of a. I'm so sorry to say this gave me an opportunity to really sit down. And and see what i wanted to do with my life where i wanted to take my job i feel like i have completely changed and when i see myself in pictures is it's like i i know that's me but it's not me. It's just a whole different person. In so many ways labor economist. Julia public says this is a really promising trend. People taking a bit of time to figure out what they wanted to find jobs that are really good fit with i can thrive to be the most productive selves. And maybe just maybe get us to that million jobs a month marker. This summer is cross. Darrien for a jubilant. June obsessive this episode of the indicator was produced by britney cronin and fact checked by sam sei. We're edited by caitlin cannon also special. Thanks to tom. Michael and katherine shaughnessy. The indicator is a production of npr..
U.S. economy added 559,000 jobs in May
"In may the. Us economy added five hundred and fifty nine thousand jobs while the unemployment rate fell to five point eight percent which is a huge improvement over last month when the economy added two hundred seventy eight thousand new jobs and everyone started panicking response to this report f. in pretty mixed so to figure out what to make of five hundred fifty nine thousand new jobs. We called julia pollock. She's a labor economist at ziprecruiter. When you open up these numbers like what went through your head. This report is kind of and there may may i know. But here's the weird part darrien history of jobs reports going all the way back to the nineteen thirties. The may jobs report are meth. May is one of the best all time. Jobs reports ever recorded in terms of the number of jobs added in one month. It's like in the top twenty. I like to hear it.
"self employed" Discussed on Conversations with Phil
"Clients reach out to me for to gain my support. As their coach to help their business grow and yet in the beginning every call every phone call that we're getting on their expressing that they're overwhelmed the feeling stressed out Maybe they haven't gone to the work that we're working on haven't gotten around to it because so many things came up and at some point i'll have to point out to them to see the irony here. You've hired me. You've invested in my services to expand your business but you're also acting like you don't have room for more business guy so i would even challenge people to think about. What does it mean every time you say. I don't have time every time you say you don't have time. You're saying you don't have space. You don't have room for more. You may be saying you may deny be saying notice something or denying something. The i think the right way to answer is that important right now right so that you're prioritizing but again the energy of words every time you say to yourself. I don't have enough time. I don't have enough time to get that done every time you say i don't have enough. Your brain is hearing. I don't have enough and you're going to see more of that than what's going right so i think there are assist as everything you all. The way. approach is both a very logical very More experiential way to look at things. I think that's part of being self employed i mean being self employed is not written a manual somewhere. My book is the closest will ever. There has ever been to a manual for self-employed. And that's intentional. But the fact matter is it something we live in something. We experience right. So how could we can talk about systems in the logical sense but we also have to talk about systems in a way that it's more exponential like the experience of being self employed striving to be bored is means you're opening up space for more business in that's important. Yeah wow wow that is important. We have to open ourselves up to more if we wanna grow if we want more. We have to stop saying we don't have enough and find ways to make space the margin if we will to be more of what we want. I love that jeffy. That's super powerful. That's a great place to start. But let's for those folks that are just listening here at the end or thinking. Oh let's tie that up in a bow. You talk about a lot of stuff. Today hug marketing. We talked about The three different pillars their personal development business strategies in daily habits. We talked a lot about energy about so much systems. And all the stuff. But jeffrey of folks were to get started. Obviously they should go to your website. They should go and get a copy of the self employed. The life at the self-employed life that me. But how would they get started beyond. Just picking up a copybook. Yeah so and this is probably gonna tell you said you probably get a sense that i'm very inward focused person. I turn to personal development nor to my business strategy and yet my answer. That question is going to be far more logical than you might expect is whatever your business idea is. It's got to be marketable. You know. I mean it and i to be honest. I think almost everything's marketable. But you have to be clear on whom you're building that four and that's what makes it marketable When i start working with the client always looking for is. What is the intersection between. What's meaningful to them and what's marketable in the world. What i will always be honest and discourage anybody if you if you have an idea but i just don't see the marketability in it that's like that's setting somebody out on a course to keep running into a wall and it's not fair. I will never do that as a business coach. I'd rather be honest and say maybe it's just that i'm not getting this idea for this business. You want to build yet. Maybe i'm just not getting it right. So i'll dig further but i will always be honest and say i just don't think it's what i like to use the frame the framework of what does the world need right. Because i will. If i had to say there was one secret to my success as a photographer and as a coach and all the thirty six years To say there was one sacred. Is i feel like i'm highly attuned. To what the market needs if not even a couple steps ahead you know me. As if dogfight. I worked with the most affluent people in the country and yet people. I always thought were way ahead of me. They certainly were way ahead of me financially. They were very volved. On and yet i always felt like i was a little ahead of them when it came to understanding the changes the common their lives that they may not have seen yet but that was going to impact my business so i try to stay very highly attuned. That's why honestly. I manage crises very well. This the pandemic lockdown. You know. I i like to think of his. My third rodeo having been through nine eleven the great recession i even went into this crisis with even more More capacity in preparedness for. Its i understand how they go. And i look at it and say well i can get a sense of how the world's going to look differently at the end of all this and i can help. Businesses be prepared for that difference because every time this crisis the biggest while so many procedures have changed the world. The biggest change on the tail end of crisis are people's values..
Decluttering Deeper Without Getting Overwhelmed
"Hi jessica. Thank you so much for coming onto the podcast today in q. Suspend happy here so tell me a little bit about yourself. Tell me your unique life situation that you're living okay while i am married With two young kids sexually our tenth anniversary this year. Congratulations thank you. Thank you and we have a five year old daughter two year old son so you know toys all over the floor and making lots of meals and snacks every day. Kind of and let's see what else. My job stuff has changed a lot. This year i basically went from. I worked for twelve years in. Hr at a large company decided about a year ago to leave of leave the corporate world in job and now i'm basically at home with the kids part of the time like half of the week Self employed the other half and we can talk about what you know. Those jobs are a few kind of do a couple of different things. Yeah but listen yes. So we own a couple of rental properties so Sometimes it's busy usually. It's not but thanks kind of pop up out of anywhere out of nowhere with you. Know things that need repairs or stuff like that and and Just certified as ib seal c. Which is a type of lactation consultant. So i'm working at a private practice with that. So that is really variable. Sometimes some weeks. I have a number of consults working with a couple of clients and sometimes it's quieter and then we do a lot of professional training with that. Choose so that's scheduled kind of a little bit argue on call at all with that. No i'm not on call have set times. But they could those slots could fill up or they may not like. I kind of never know still that morning. Potentially
"self employed" Discussed on Getting Shiggi with...
"Because i am an essay i i didn't know like those a certain advocate with emails by literally sent him an essay. Saying thank you so much for. Your book was really helpful. This didn't work for me. But this really did blah blah blah blah and. He just sent one back which is literally full on ping-pong just every single point i made. He had hit reply back which was amazing. And i really wish i didn't lose that email but from that i started looking at this personal training space as a little bit of a disney disney lie. Is it disney lie because well a lot of people were leaving blood a personal trainers relieving. And i'm like okay. Is this normal. Apparently yes the personal training space does have a high churn rates and people get burnt out hugely burnt out in the hours that they're doing because they're just trying to capture all the different times so in personal training. If you've never kind of thought about what a personal trainer does that has the morning clients. So we're slaves essentially to the nine to five. We work around the nine to five so in the morning. You can have anywhere from four thirty in the morning. I never did that. I'm like if you're waking before thirty. Go and enjoy your life. That's not my jam. At all. But i did five thirties. Five o'clock a few times now. I value my sanity way too much. But you know you get people from say five o'clock in the morning till may be about eight thirty in the morning maybe nine o'clock depending on you know if they're officers around the corner or not and then you might have kind of ten eleven o'clock so people who work from home or whatever then he get the lunchtime push so from about twelve to about two thirty. You get that kind of a window than may be you get the off the school you know nineties or whoever At that point. But they're they're foreign feed between and then get the evening crowd from about five 'til probably about nine o'clock so as a personal trainer you're you're potentially awake from four in the morning to probably eleven o'clock at night twelve o'clock in some instances if you have to commute home in stuff and you're running on five.
New State Unemployment Claims Rose Again Last Week
"Modest jump in state unemployment claims last week more from NPR's Scott Horsley. New State Claims for unemployment benefits rose for the second week in a row last week as 744,000 people sought help. Some of that increase was in states like Michigan, which has seen a sharp jump in new Corona virus infections. Jobless claims under a federal program for gig workers, and the self employed were down last week. As of March,
"self employed" Discussed on The Entrepreneurial You
"Hanukkah watkiss porter. You must be prepared to ignite coming up on this episode of the entrepreneurial. You i have asked every self employed person i've ever met. Why did you become self employed. Everybody has some version of the same answer. It's always wanted to control my destiny. A wanted to control my future. I want to control the hours. I worked to which i will say in. How is that going for you and everybody laughs. Because the truth the matter is we think regaining control and were entering completely uncontrollable circumstances the economy global pandemic. You name it. The difference between who you are and who you want to be is what you do. Bill phillips greetings and salutations in hilo holiday. Are those the things. Welcome to episode of two hundred and eleven of the entrepreneur view. Podcast i'm your host call. One case cortel my guest today. Jeffrey show is a small business consultant speaker. Host of the seven employed life podcast and author of lingo and the upcoming book the south employed life for over three decades. Jeffrey was one of the most sought after portrait photography. In the united states his trends have appeared. On the oprah winfrey show and in people and old magazines on hang at harvard university. Jeffrey having been self employed his entire life jeffries hair today to share business strategies. That really work for self-employed business. Owners and the personal development. They need to increase their capacity. Or success and jeffries really really passionate helping business. Elena's gain far more control over their businesses and destiny than they ever had before. Welcome to the show jeffrey. Welcome ohana gums so honored to be with you. Thank you for having me absolutely. And i'm looking forward to or conversation on the self-employed ecosystem for a successful business on live. I put success. Will there. Because i know we define success in many many ways many many different ways on the talkable that well before we dive in if you visit jamaica no because earlier we were talking about your living in paradise and all of that and know. You're living somewhere. Pretty choppy co two. You know close enough. Which is miami. But i want to get a sense from yours visit jamaica today. What would be the first thing that you do. I would probably go to a tropical forest. You know 'cause. I live on the ocean now so of course you know. I always appreciate that. But what i don't have here. Is that that tropical moist tropical forest feeling. I remember being in hawaii with my kids several years ago and just being just finding that magical just the density of the air and the painted trees and so yeah. I think i would want to be in amongst thick greenery. That's just emitting all the wondering air. Yes but you know immediately jeffrey. I knew i know that blue mountains blue mountain peak would be somewhere. You'd wanna climb and if ever you come to jamaica put that on your list of things to do right. I will indeed sounds great awesome sauce. Let's move into some right now. Take us through. Because you've done all these amazing things. I mean mentioned oprah winfrey. That's in the rag. We could just up right there. You don't know amazing things any and not to discount the other things that you've done accomplished so what i'd love to start off with ease a sense of your bring your background as a child. What were you like and did you decide that you wanted to do what you're doing now. So you know honestly. I was a very withdrawn child. Memory unhappy child i just. I was extremely withdrawn. Shy afraid the world asuka scary place to me. i was the youngest of three boys that were classic masculine. A very domineering father. And that wasn't me isn't me the so i found it really challenging to grow up might yellen. I had brothers. My father had all brothers. My father's father had all brothers so it was a really male dominant atmosphere. And i didn't feel like them. I cut to the chase. Forty four years later at the age of forty four. I finally came out as a gay man after having he's married oregon life for nineteen years. I've got three wonderful kids and no i wasn't quote unquote lying. I didn't i just you know they say you have to come out to yourself. I might truth. Hadn't revealed itself to me long before Certainly revealed truth to the world. So i find it honestly hanoch. I find it remarkable. I am where i am today. Because of how limited. I thought of myself as a child may say that i share that because i want everyone to understand that we all have clauses to come out of. There's al- always ways that there's more in us than showing up. No matter how out in the world you are and how big you currently are this always more in us. However i will also add to that which just sort of understanding at my mature age now that while i had all those emotions of fear and feeling misplaced something. Something deep inside of me knew i was awesome. I just knew it at a very young age. I you know if you put aside all socialize humbleness that were were that. Squelches r truth squelches our greatness as a young child. I was dealing with duality of feeling really poorly about myself but at the end of the day that was a reflection of how i thought other people saw me but how i saw myself was pretty remarkable. So the reason. I've been able to accomplish what i did. Is i really listened. I've listened to that voice throughout my life. I have i have dealt in the landed. Duality of you may not think this of me. But i think this of me. And i think i think we. Humans are far more complex than we give ourselves credit for. I think a lot of live in atlanta. Duality that on one hand. We may be limiting ourselves. We have limited by our circumstances but if we listen to that voice deep down. I'll bet everyone listening knows the pretty awesome to watch interesting and the truth is you've said something and many times as humans we. We approached a conversation of reality. Gay whatever you call them. Whatever we call it right we. We approached that through the lens of judgments and through the lens of condemnation. But we've never really stopped to assess and address the fact that we are all difference. We all make different choices. We all struggle with one thing or another and as you say that immediately i relate to whatever struggle that you may have because even for me personally there are some things that make me distinctly different. Like i'm somebody who and i posted something about it online recently that i was stunned even if i have to stand alone and as comfort uncomfortable as it is i will stand and but it also uncomfortable and so. I'd love to know a little bit about before we get into the topic. United stephan party for success would be in the may june frey. What were the conversations you're having in your head before you could come right out with. Nc and say to the world. I am g what were were.
"self employed" Discussed on Master Your Coaching Biz Podcast
"Me and no that ripple effect in lift you up. You'll take me right there with you. Now thought so saw you spend most of your tunnel lincoln. That's interesting what would you say is the is the area that you get the most referrals from his that in the feed or is it just building those connections like what does a top way that you're saying that happened from lincoln. Sure and i should explain that. When i say the most time i mean on average five minutes a day five minutes day to check who's requested a connection everyone i accept i replied to every connection. I ask for a customized if somebody drops a comment something. I've shared better believe i acknowledged them. So that's that's like five minutes or i'm prospecting looking somebody. I'm about to call. I look you up but fundamentally you need a linked in profile that sells you while you sleep if i kicked forward you're linked in profile to one of my friends and and that profile cells. My friend on you. And all you do profile isn't optimized in it's the fullness the richness with what you tell your personal story because you're the coach. I'm going to be working with you. Why are we talking about ourselves in a third person like we're all that no it does me. This is how you this is how it will work together. These are the outcomes you can expect. I want all of that in your profile with key words so fun searching my network for a particular type of coach i find you if i don't find you that you. That's that's birsh if you're going to not on digital doors or crafting content to raise your visibility if you pump out from great article that gets people crazy and they come back to your profile in his meam making sad and you the greek bobble head. You know you've missed. You gotta put first things. I kinda missed the mark there. Then right all right so Starting to kinda wind down here. What would you say if you had to get like three steps that somebody can take to really Start their personal branding or up level or personal their personal branding. First of all. I feel like maybe i left people hanging on the last question and you said you know. Where do i spend the most of my time profile. Optimization is something you do once in the new keep an eye on forevermore right so it's not like you walk away and then you earn awards or certifications and you'd never update it. But how. I how i generate. Visibility is once a week i share content. Doesn't even have to be a long article. Oftentimes it's be humble status update just once a week. People are trying to be crazy there with all the content. All the people can't even keep up with how much content you're creating your your clients are working. Also right like you know flow the role so that would be one. One of the three strategies is being mindful about sharing Very specific easy to read content. That helps people remember the space. You want to own the other to not think that because you've shared something everyone saw it might my closest friends and i. We have pinky swear. Packed is something major in your life happens professionally personally or otherwise. Please don't think. I saw your facebook updates. Like that doesn't happen so you think you pulled your network your coaching now. Because at one time you wrote it on facebook you don't wanna be passed or a braggart or annoy people. It doesn't work that way. We only learn what we're reminded of so talking about your business in a first person super excited found a great podcast today from cheryl bag lately. Talking about the growth of your coaching practice reminds people that you won coaching clients. That's two and three is to do less and do it consistently so every. Start of every entrepreneur that i ever worked with in the high tech space. You know there's like three lists. Here's a list of what we to do right now. Here's the list of what we're going to do to market the business in the coming ninety one hundred and eighty days. And here's everything else. We can't possibly fathom right now in just give it a place outside of your brain. His focus on funding in. Stay there as long as you. But when we try to do it all which high to do too much or when we're haphazard and we disappear for months at time that's when we keep having to start over and over how that consistency is so so important. You know i myself just fell off the wagon. I will completely confess anybody who goes to my linked in profile when they hear this in look for a post dated february will see that i was just coming back out of the three months played because between politics in pandemic in general lunacy. I don't know what was going on in the constellations. But i really needed a timeout. So i'm back now and i'm back at my once. A week went two week staying taking small action to stave visible industry. I'm so happy that you joining us today. could be audience. Got a hold of you. If they'd like to continue contact with you absolutely it's super easy. My website is my name. Cima doll dot com. You can also find me on linked in. And i've got some information on my website that you can use. You can get a five date. Kick start to think about the personal brand. You wanna create and publish a newsletter on lincoln. Every couple of weeks really practical tips to bring your personal brand to life in. Grow your coaching practice. Awesome and have all of those links in the show notes so people can just click through to get to you and i wanna thank you so much For joining me today had a good time. And i think that your information was very helpful but guys listening in you know. Take take the advice and really slow down and be consistent and work on your personal branding. I think that that's very important. And i love that. This was our topic today. You made it easy. Thank you so much for having me today own. Thank you and have a great day. You too thanks guys. We'll see on the next episode. Thank you so much for listening in today. I'm so glad we got to spend this time together. If you love today's show. Please consider leading me a review on the apple. Podcast so other coaches can find the podcast for more information about me. Visit successful coaches dot com for daily inspiration affirmations foul me on instagram. At coach cheryl becker short a semi a dm. So i can say until next time to your success..
"self employed" Discussed on Master Your Coaching Biz Podcast
"Awesome about social media. We think there's is. Is it worth you know. This is a big controversy. Hurry especially now where You know most coaches or online at this moment that might change like when things opened up in the country you have some market are saying. Hey you should be spending an hour day on social media have some saying just going for fifteen minutes and then. What are your thoughts on that. I know it's magnate. it's many. I was literally listening to a newscast this morning. The head of each segment about this new social media called Clubhouse right in its audio only end. This cracks me up because the height stirs the hipsters in the pundits in the so-called experts with their fat stacks of cash in their bank account. You know hey yuan. Musk was on there yesterday. Oprah's been known to drop by like who actually cares about any of that when you're clubhouse conversations leads to cash to cover your mortgage. Let's talk so i really do. Come at it. people think. I'm the early adopter. Nope i went to let the rusty. Y'all figure out how to do it there. And then i'll consider joining because it is a colossal suck. You should have seen me early days of twitter going down every rabbit hole to like my eyes. Were bloodshot like got to click. That link gotta read. That blog has to do it in the end. What you should be doing is creating your own content. So i take a measured approach to all things social. I know that my personal network remains a constant source of referral for me because every blue moon on facebook. I remind them exactly who i am. What i do right. I might be you know shooting the breeze talking about the greatest new thai restaurant that just opened up but every now and then. I'm excited to being me doing what i do for the people i do it for. It's just that drip drip. It's facebook and lincoln once a week once a week. I'm going to stay. I'm gonna do something to stay top of mind share content that you'll find useful or that's just blatant self-promotion it doesn't matter that's what we're there for it. Tell others what we do. It's people think it's bragging. I think it's benevolence let others know how you make the world a better place. But i will not find me on pinchers it makes me angry and hungary and i feel inept that i can't make it scrapbook or whatever instagram's like me and my girlfriends at a concert i just can't you know i don't know i take him very deliberate approach. Yeah okay i mean. That's i think that's good advice. Still like I try to tell my coaches you know. Pick two three at the most were. Where are you getting the most engagement. It's just like any other task right. All tests should lead to eventually getting paid so when you know so where where are you You know getting the most engagement. Where are you getting the most referrals. on twitter. I schedule a lot of my tweets. We're doing podcasts together. Today hopefully listeners will find value. You're going to repurpose that. Asset romani. And i'll be sharing it on twitter and tagging you mills will be in my queue so that when i log in at any given day i can be present trusting. The content is blowing up like that. Awesome all right House while we just talked about that. So house How how do you keep you at the top of the mind of your network in your Fouling how do you. How do you stay there. Because you know there's just so much noise out there there is a lot of i might answer to. Noise is to the human individual touch is have to understand that we take action however small in any social string. It's an amplifier. So if you have a good business foundation you know you do good work. You know how to close the sale. You have testimonials you've got some small track record of success. You know your viable coach okay. Social media can take what you're doing well in amplify our awareness of that so for example I'll use lincoln. I spend the majority of my social crime on lincoln. And i will never ever get those automated options like hey. It's your friend's birthday. It's their working anniversary. Wish them well. Everybody kind of goes through. Click click. click you know. I had to take down my birthday. Because i'd get hundreds of happy birthday happy birthday from people so i i always use your first name right. I always use a full signature. Because you may not remember who i am or how we met. I always treat you like. We are talking over the picket fence. Not like in the wild west of digital connection in it's that small drip of personal touch If you post some good news cheryl. I'll see it in my stream and i'll pause in insertive liking it. Which is one way to stay of. Mind a comment when a comment. I'll tag you to ensure your seat and others will see.
"self employed" Discussed on Master Your Coaching Biz Podcast
"Goals aspirations and And pain points right. So that's yard of that marketing yet. You hit the nail on the head you know. Even in working with last night i was working with a group of emerging speakers and to say i speak about leadership or you know i'm an inspiring motivational speaker. What does that ultimately mean. How would a meeting planner notebook. You so the the counselor's advice. I give to coaches. You're not yet ready to mitch. Down is to identify where eighty percent of their business is currently coming from or if they're not yet fully bucked the ideal client in market to that and trust that you'll have twenty percents business. That isn't in that space. But the more you put it out there the more you will attract those those buyers so work with sales seems to they they say well we can sell all these things to all these businesses all over the country. Okay that may be true but eighty percent of your buyers are small and medium businesses. You know in the in tristate area layup. Boca's there and trust that you can say what we also serve national clients to right. Yeah it's not about Pigeonholing it's about creating more freedom. I think and so i found that more freedom awesome so so now i love that. You talked about the personal. Branding is you know as coaches In this is gonna be a good portion of those listening in we. We get saying hooked up or hooked into like the verbiage around what branding means and you know the things that we should be doing to be branded but personal. Branding i think is a first step. And then you can get into all that other things but when you're first starting out which our audience is anywhere in the first three years Typically that the the personal branding. I think is stands out as being a little bit more important so What do you think. What are your thoughts on. That agree agreed. Is you presentations two rooms full of marketers in. We still can't agree on. What do we mean when we build a brand so for your listeners. Today i would suggest consider a brand as your promise. So the product delivered the service. You deliver the work promise. When we do that thing. I call coaching. What will you achieve. Where will you go through our work together in ultimately in the beginning unless you already starting out of the gate with a stable of coaches under your umbrella you are the word you are the brand. And whether you're looking for that first client or the thirtieth people refer you refer you by name not your business name not your logo color nen of that ultimately all you needed in the beginning is the intention the the statement that says who i am someone who serves b.'s types of people in this way to this end and you know your character. Your competence in your charisma precede you so many of us An entrepreneurial venture of this nature by leveraging our network in so you inform your network that you're no longer hr manager or a project analysts bigger over here in this news space doing as you know the same level of work just in a new category and get that network to embrace you promote you in refer you awesome about. How did you formulate your personal branding philosophy. How did that get started. Well as i mentioned. I was somebody who was always looking for their next job. You know your listeners. With they looked me up on lincoln. They'll say oh my gosh. It's gal brown. In the truth did have more jobs than boyfriends. It was like. I said a very volatile industry high tech so the degree to which i was able to just stand out Created name within my network lean in volunteer become affiliated or associated with all the peripheral that we do side of the actual job itself so in my case back then join the american marketing association. And the didn't just join. I leaned in volunteered and volunteered. All the time eventually joining the board and as it turns out it was a fellow board member some decades later. Who would give me my first shot delivering a social selling workshop to a group of insurance professionals. I mean that's how it starts demonstrating that character. The expertise the willingness to see it through all of that. Now i had this shift to this entrepreneurial opportunity where do i want to hang out. Who do i want to surround myself with and then bury tactically. How do we tell people who i am and what i do. How do i tell them when i need them. And how do i reinforce that online. And i think that offline online mindset when building a personal brand is the way to start thinking not just do one thing but instead all the all the all the ways. I may encounter your facebook your instagram a chamber of commerce meeting on a volunteer committee. Call on zoom. Are you giving me consistent messing about queer. What you do who you serve. So what's something that you only see Happening with entrepreneurs professionals that That they do wrong. And what should they instead. I i see this across all categories of professional but especially that was advice as sola preneurs in professional services. We go around the room when it's our turn to introduce ourselves and we say something meaningless like might name semedo. I'm the president founder and ceo sway factory. And you're still trying to figure out what my first name is. It's time to go to the next person and it's just meaningless to the listening audience so slowing down in what. i call. crafting that airplane pitch. You know a slow personal person next to you in the airplane in make it pop make it the way to introduce yourself that piques. My interest p opens a dialogue in positions. You in my long term memory. So instead of san my fancy title in my degree's even my last name even the name of my company which so many people sweat over like what to call her and they really want you to know their but macabre luger rate. It doesn't matter right. My name is joe. I worked with senior executives. Who want to leave their corporate high-pressure jobs and serve on boards and associated. Whatever it is. Just say that because everybody listening to you. They don't need what you do. In that moment. I promise you they will at some point know someone who does right..
"self employed" Discussed on Master Your Coaching Biz Podcast
"Hey everyone welcome to today's show. I'm really excited today. We have similar dog with us and she is an international speaker and branding visionary and she helps him power professionals to stand out. Stay relevant and being demand welcome. How are you doing the. Shell delighted to be here doing good. It is It is february today here in chicago. We got a foot of snow last night. So i'm just going out on my goodness. I keep hearing about this crazy weather and everything that's gone on around the country so that's foot of snow better than me when it comes to the So tell us a little bit more a more about yourself sure. I was a corporate marketer for many years. Mostly in the high tech space what. We call a a business to business marketer. I was really interested in branding and messaging and lead generation and being in high tech. My career was nothing if not volatile. So i started using basic marketing fundamentals to create a bit of a name. Raise my visibility in the community. So that i could just find that next job right and then when i went out on my own and that's a different story but i realized those shame. Fundamental the personal brand personal marketing started generating leads for myself. And here i am thirteen years later. I do keynote speaking corporate training and executive coaching. Oh awesome. so what you've been doing thirteen years. How did you make that transition from corporate to your own business a lot of our listeners. attempt to do that or are planning on doing it. You know the. I'll tell you the honest story in l. Tell you what i did wrong. New honest story was that i was working for a large multinational organization largely from home and found myself with some free time at that. Same time people. I knew from the high tech startup space here in the greater chicago land area. We're reaching out to me for for for work for branding for messaging. And i had a bit the side hustle so it was doing consulting on the side had my day job. I thought things were were pretty good. Lost said day job as was the case with many many high tech ventures in decided to turn my side hustle into a you know just do this get through this summer in joy this cell. I do some consulting on the side and that was thirteen years ago. I never really looked back. The thing i would do differently. Miller's a few things i would do differently is one. I would start the business. The the legal aspects of the business setting up building building a website. All of that. While i still had a day job and the other thing is. I'd make sure that was something i really wanted to do. Full-time for me. As it turned out the consulting wasn't nearly as exciting personally with it. Nearly as rewarding as delivering the training the workshops is speaking in front of audiences in coaching people. So while i still do some consulting to this day it's really around designing a training and in audience engagement. Those kinds of things pure consulting turns out not in dna. Yeah i right so that makes sense. I mean Especially people in the coaching space. We're very diverse in our Interests than an passions. And so yeah taken a little bit to see what what is gonna ring true. What are some things that you might have to tweak. What's great about being in your own business. Just want you said you can shift and you can start to focus on what you want to focus in on so i love that absolutely i. I you know involved shifted pivoted us your favorite turns several times over the years you can refine your practice. Expand your practice but when we say you know. I'm a coach. There is a lot of room for interpretation. And so one of the things that i encourage your listeners to do is really define what type of coach for whom and to what end all marketing sort of drives and outcome. What outcome can can you drive with your clients. Yeah and that's a that's a tough It's a tough sell of coaches for them to too early. You know niche down and get clear on their ideal avatar because they want to help everybody but just as you said in order to market effectively and to be heard through like all the noise out there from some other coaches really to get clear on our ideal client and their.
Casting the net wider: remaking the welfare state
"Good evening my fellow americans to light. I like to talk to you about where we are as we mark one year. She's everything stopped because of this pandemic last night. President joe biden spoke to america in primetime address from the white house for the first time since taking office he promised to direct states to make all adults eligible for covid vaccine by may and discussed the bill he had just signed into law. The american rescue plan one point nine trillion dollar stimulus program extends unemployment. Benefits it helps. Small businesses lowers healthcare premiums for many it provides. Food and nutrition keeps families in their homes. America's not the only country that's responded to the crisis with increasing generosity. I kind of went in. It was like a state of panic. That i honestly i can't tell you day-to-day thoughts were because they were just scrambled. Like what am i gonna do. What am i gonna do. How am i going to survive. How am i going to what. That's more good. Hope a fifty. Seven year old self employed chef based in canada when the pandemic swept away all of her work. She didn't expect much outside. Help after alberta's oil crash in two thousand fourteen. She received no government support and had to close her restaurant. But this time around with covid nineteen. The federal government included the self employed in. Its rescue package. I honestly i couldn't believe it. Until i saw myself until i filled out the application i pressed met and two days later. There was money in my bank account. And i was absolutely shocked across the world from america to canada to western europe. The pandemic prompted a shift in thinking about the role governments can and should play in crises. The greatest expansion of the wealth estate in living memory in this past yet social nada is our public policy editor. She's been tabulating that expansion which currently stands at nearly sixteen trillion dollars. That's more than four times. The support that countries provided during the financial crisis of two thousand and seventy thousand nine. And it's a shot departure from the pas not just in size but in shape too and because of that this could well mark the start of a new chapter for the welfare state. How do you mean how was this response. Different from what came before significantly. I think it mocked a risk shift from individuals to the state with governments essentially bailing out the people say things like schemes in britain and much of europe as well as cash gifts and in unemployment benefits in america what lawsuit of the state stepping up and taking a lot of risks that otherwise would have fallen onto households and individuals that is a sharp contrast from what we've seen over the past couple of decades when risks such as example being replaced by an algorithm or foreign worker had actually increasing been offloaded from governments and employees own individuals and you saw a lot of countries just for pragmatic reasons really move to universalism so with government prefers blanket benefits instead of fussing of eligibility. Or what's the basis of the way that it was before the pandemic the risen one model of course of welfare state but if we take as a starting point side of a social contract where there is a certain amount of poverty relief and social security that is supplied by the state to go back to suit of the early twentieth century. So the great depression in america really triggered the idea of we need some social security and in europe of course in the second world war was reading the moment when people started to realize that there were these collective big risks that they wanted to ensure against and then the big shift in both sides of the atlantic ready staw in about the seventy s and the welfare state becomes leaner and more focused on getting people into jobs and so benefit make order to get the incentives work or boosted welfare in many countries become stigmatized and at the same time. The labor market is made. More flexible has made easy to fire people. And you really see particularly from the early ninety s on more and more risk being shuffled back to individuals but even before covert hit there was talk about a need to change things right absolutely as with so many things covid nineteen has really shown quite a start light on the flaws in the traditional model and although the lessons are different for every country there are a few general ones. The welfare state on the hall was built around yesterday's worker middle skilled work who today is increasingly. Rare will become even rarer we've seen the labor market polarize over the last couple of decades in rich countries. The sheriff skilled in high-skilled workers growing whereas middle skilled and indeed middle income jobs have been falling and will continue to fall and the pandemic also related to that highlighted. How little job. And income security many of our essential workers indeed have because they fall into that low paid bracket low security bracket and then the other thing that covert has exposed is the vulnerability of work with kids of course when schools closed. There was suddenly this extra job that needed to be done. The situation has put childcare which we knew was an issue before the pandemic but it sort of forced onto the agenda and one of the encouraging things. I think that might be coming out of this. Is countries making better plans for things like child benefit. So part of the coronavirus relief plan. Joe biden will temporarily raise the child tax credit quite significantly and democrats already whispering the really like to make this change permanent. And do you think we'll see that pattern more. Broadly a will to make permanent to the kinds of changes. The governments were essentially shocked into by the pandemic. The will is that. I think it's too early to tell but the demand is clearly. Then that's an important start. Say lots of people. Such as mrs hope who we heard earlier have experienced vulnerability that can come with the show but also have seen how the state can help these moments of shock. And i think it would be very hard in a next crisis for states to roll out similar policy bazookas to help the people so i think on the demand side and again this is something we already sold before the pandemic domon strengthening for better more generous safety nets are that will only grow on the back of the pandemic experience whether the will is that is launching a political question and it's also a fiscal question but i am carefully hopeful because this past year has provided a live experiment of all sorts of policies that otherwise would have taken years to get the political backing for and so after all this experimentation. What are the lessons from the pandemic that you think should last. I think the most important goal here is just to ensure or cushion workers against certain shocks and just to make that a bit more practical and most of communists have argued that covered his shown the generosity of benefits should be pegged to the state of the economy so that when indeed were going through a mass period of shock and it's much harder to actually find a job benefits should be more generous. And when the economy's healthy again then you can make them a bit. Less generous against more flexibility in the welfare system to short revamped post covid social safety net would on the one hand provide enough flexibility to incentivize work but also have a state that wasn't afraid to step in when disaster hits and crucially estate that would also invest in human capital in childcare in health in educating the next generation as well as rescaling older workers today and that second element is important because just bringing out a huge umbrella on the stormiest days won't be
Unemployment claims remains stuck at high level
"Of unemployment in the U. S. Triggered nearly a year ago, a stretching into another week of 2021. NPR's Scott Horsley has details. Labor Department says about 1.2 million people filed new claims for unemployment last week that includes 730,000 claims for state benefits and another 451,000 claims under the federal program for Gig workers and the self employed. Names were down sharply from the previous week, suggesting a drop in layoffs. All the bad weather and other factors may have distorted the count. As of early February, some 19 million Americans were receiving some form of jobless aid. Many of those benefits are set to expire next month. Congress is weighing a $1.9 trillion economic package that would, among other things, extend emergency jobless aid through August. Scott Horsley. NPR NEWS Washington
Unemployment Claims Dropped Last Week as Coronavirus Cases Eased
"High level of unemployment in the us triggered nearly a year ago a stretching into another week of 2021 npr's scott horsely has details the labor department says about one point two million people filed new claims for unemployment last week that includes seven hundred thirty thousand claims for state benefits and another four hundred fifty one thousand claims under the federal program for gig workers and the self employed claims. Were down sharply from the previous week. Suggesting drop in laos although bad weather and other factors may have distorted the count as early february. Some nineteen million americans receiving some form of jobless aid many of those benefits are set to expire next month. Congress is weighing a one point nine trillion dollar economic package that would among other things extend emergency jobless aid through. August scott horsely.
Unemployment Claims Fell Sharply Last Week
"Last week. NPR's Scott Horsley reports. Jobless claims are still very high by historical standards, The Labor Department says about 1.2 million people filed new claims for unemployment last week that includes 730,000 claims for state benefits and another 451,000 claims under the federal program for Gig workers and the self employed. Claims were down sharply from the previous week, suggesting a drop in layoffs. All the bad weather and other factors may have distorted the count. As of early February, some 19 million Americans were receiving some form of jobless aid. Many of those benefits are set to expire next month. Congress is weighing a $1.9 trillion economic package that would, among other things, extend emergency jobless aid through August. Scott Horsley. NPR NEWS Washington on Wall Street stocks or lower the
UK Supreme Court rules Uber drivers are not self-employed
"Uber drivers work for the company the ruling and titles uber drivers to benefits such as paid holidays and the minimum wage, handing defeat to the ride. Hailing giant in the culmination of a long running legal battle. The court seven judges had unanimously rejected who was appeal against a lower court ruling. Which had found that to uber drivers were workers on the British law. Uber, which has 65,000 active drivers in Britain, had argued that the two drivers were independent contractors. Charles to the
Uber Drivers Entitled to Workers Rights, U.K. Supreme Court Rules
"Court in the United Kingdom has decided that uber drivers are not self employed as Uber has long argued. The UK Supreme Court says the drivers are uber workers and as such are entitled to rights, including minimum wage, holiday pay and rest breaks. Uber says the ruling applies only to the drivers who brought the case. However, the ruling does give the green light to about 1000 similar lawsuits.
Uber drivers are workers not self-employed, Supreme Court rules
"Uber loses case on driver. Rights uber stock symbol. Ub aren't shares off three point five percent of this morning after the company lost a key legal fight in the uk. That country's supreme court upheld a ruling that drivers should be classified as workers rather than as independent contractors this entitles them to minimum wage holiday. Pay sick pay as well as rest breaks. Britain is uber biggest european market with about forty thousand drivers.
UK top court gives Uber drivers benefits in landmark ruling
"Britain's Supreme Court has ruled uber drivers in Britain should be classed as well because I'm not self employed it's a decision that threatens its business model and holds broader implications for the so called gig economy the ruling entitles the drivers to benefits such as paid holidays and the minimum wage hunting defeat to the ride hailing giant in the culmination of a long running legal battle the colts seven judges had unanimously rejected uber's appeal against a lower court ruling which found that to the drivers workers on the British law which has sixty five thousand active drivers in Britain had argued that the two drivers independent contractors Charles Taylor this month London
"self employed" Discussed on FT Money Show
"Pension strategies for the self employed. The workforce might be more flexible, but freelances a far less likely to be paying into a pension week if he's my desk to get started, set a strategy and get your pension sorted is the sun shining on homeowners who've invested in solar powered properties. Lindsey, cook on money, mental drops into say why. And if you're hoping for the best world planning for the worst or wealth, man, columnist Jason Butler joins me to talk about financial planning for life transitions before they happen. Welcome to the money. Shea the F weekly podcast about personal finance and investing. I'm Claire Barratt the F T money editor bringing all of this week's money knees. The rise of the so-called gig economy means more UK workers than ever before classified as freelance or self employed yet staggeringly. Only one courter of the four point. Eight million individuals who loss in a traditional nine, five job a paying into a pension that's down from forty percent decade earlier Cording to the. All you. One of them, if so help is at hand. Jason incumbent FT's pension correspondent has been writing about this issue this week, and she joins me now in the TV. Welcome Joe. Good morning, Claire. Well, this is a bit of a shocker, isn't it? I mean, it's fair to say that the self employed have been largely forgotten in recent pension reforms as exactly right there is a pension savings crisis in this country and policy efforts have almost exclusively focused on addressing this for people in full-time paid employment over the past seven years more than ten million people have been enrolled into a workplace pension. Thanks to a policy known as automatic enrollment E and they're getting pensions saving into it. They putting money aside and also their bosses paying into the pension on their behalf. So there's been a massive effort, and that's actually help bridge the retirement savings gap. But in contrast, as you mentioned the number. Saving into a pension who was so employed, there's been a dramatic slump from forty percent ten years ago to twenty five percent today. And that's really quite alarming, and it says that the self employed really are forgotten tribe. Now, looking into the reasons why, obviously not earning much money could be one of the reasons, but being self employed is much more precarious financially than being wage slave. Like we'll Uranus can go up and down and pension savings by the very nature a locked away. So it's much harder for the self-employed person to put money aside. That speaks to a lot of reasons why pensions shunned by the self employed because locking your money away in a pension means you can't get at it. If you're if you're having a break, for example, you can't get, you know your your income fluctuates. He might need that cash. What you find with the self employed is that they're typically building up a cash pile in cash account somewhere where they can get that ready access in cases dry. I spell in terms of work sickness. That's right. And you find that the nature of so forment has changed quite lot. She get sort of the traditional entrepreneurs and one man businesses who might be banking on their businesses, their retirement fund. But as you mentioned as a a new breed of sofa, m- -ployed known as the gig economy, workers who go from job to job in doing so they do have work, but they're not getting the benefits of being in implored work and having a workplace pension at cetera. So there is a group who will struggle to save it for a pension anyhow. But the key problem is is when speaking to a lot of people who are so from blood with their on entrepreneurial manager, the too busy, they can't get around to dealing with their pension with the hem sought it, or they don't understand the tax breaks that you can get from saving into a pension. And as you case study says in the Oscar wage, slaves have got an HR department. They can. Then she doesn't have that and is going from jobs at exactly how does she find the time to become a pensions expert? Will the answer of course, is read your most excellent piece in the KENDALL Saturday. If set up some really clear news, you canoes about different types of pension why should save into a pension, but there's also other alarming section about charges a newfound at the charges on pensions products for the self employed can be really high. Yes. Unlike workers in employment, they who have a charge cap on the pensions that they save into fund charge. Capital point, seven, five percent. There is no similar protection for self employed workers, and I found that charges can be up to one percent even two percent on the fan and that can really impact on your returns over twenty thirty or forty years. So it's very important to shop around when it comes to looking for a pension. Charges are one aspect of it of a funding opinion when yourself employed, but other other things are very important to, for example, you want ease of access. If you'll busy, perhaps he want wanting to check it on your iphone flexibility and finding a pension that will suit you. If you have irregular payments, for example, you need to stop and start for you know you. You need to find a pension that's going to meet all those or tickle those boxes because you aren't getting a regular salary each month. Absolutely. In your piece covers private pensions, self invested, personal pensions. A sips and say stakeholder pensions is really to read. If you're self employed, you don't have much time. You agree even read on your iphone on the FBI. Just make sure you have ten or above. Thanks very much there to Joseph incumbent. You can read the full article on the money website from Friday, FT dot com. Slash money or in the anti weekend newspaper. This Saturday descend us in your emails and letters in response to what you're doing with your. Pension. If your
"self employed" Discussed on Money Girl
"Package which is what most employers offered these days to stay competitive when your self employed you get a lotta perks that many traditional employees miss like unlimited vacation and sick days flex time comp time some tax deductions and perhaps the ability to work from any location those are just a few of the upsides of being your own boss so the pros and cons of being your own boss is certainly something that you have to evaluate for yourself but in this podcast i'm going to show you how to create your own self employed benefits program and it's probably a lot easier than you think plus i'll answer several related questions that i got for money girl readers and listeners about working for yourself again i'm glad you're here and i hope that you'll stick around by subscribing if you haven't done that already and if you have questions or wanna review anything that i cover in the podcast every single show has notes so you'll find all of those plus the full archive of podcasts in the money girl section at quick and dirty tips dot com this is episode number five hundred thirty three five steps to create your own self employed benefits package so i'm gonna take you through five really important points of creating benefits that can kind of mimic what you get in the workplace and if you put all of this to gather you really find that you're going to protect your personal finances you cut taxes and reduce the risk of being an entrepreneur so the first benefit that you need to recreate for yourself is health insurance if you've made the leap from a corporate job to being self employed you know that the first benefit you're likely to miss is health insurance group plans cost a whole lot less than individual plans plus your employer may have subsidised all or some of your premium making it cost even less.