Where moms come together to learn about money – in all the ways it impacts our lives – with love. Discover how you can feel confident with your finances; ditch the money shame and guilt; raise independent, money-savvy little humans; and give yourself the freedom and stability to live your best life. We’ll discuss budgeting, debt freedom, investing, career development, entrepreneurship, and more.
Episodes
Monday Aug 31, 2020
Monday Aug 31, 2020
#063: For this episode, we asked the mamas in our free Mamas Talk Money Community on Facebook to send us their questions. If one person in our community has a question, there are no doubt others wondering the same thing.
Today we’re going to discuss taking a maternity leave from contract work, how you can do the most with donor-advised funds, and why you should open up your own retirement fund for your side hustle.
(01:15) How can you plan ‘maternity leave’ from your side hustle and/or independent contractor gigs? Either part-time or full-time gig work.
(03:59) How do you really find your passion when you have no hobbies. Tangible ways besides asking someone what you’re good at.
(07:28) Do you have any tips on working on your passion project or side hustle around your kids' needs and schedules while working a full-time job?
(12:55) Can you talk a little bit about donor-advised fund accounts? Are these only beneficial from a tax standpoint for really high earners? Can you designate the types of charities it gives to or is it at the choice of the fund?
(21:03) Is it worth opening your own Roth or other fund if you just do side hustles or work very part-time? My passion right now is being mostly home with my toddler son but I love to get out there and work a bit to contribute more. I work several side jobs like Census right now, 1 day a week at a kid’s consignment and I’m a caregiver for my autistic nephew. We have a 403B and a Roth in my husband’s name.
Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/63
Discover Your Passion Project Workbook: https://smartmoneymamas.com/passion-project-workbook/
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