There’s a quote on your website that says:
“Too often we downplay our contributions. If you don’t toot your own hour, trust that no one will do it for you.”
How did you get the courage to start your own company and blog with having a full-time job.
G: So, besides going to college, I wasn’t too sure what I wanted to do. I was taught go to high school, go to college, and then work. I started my blog in 2015. After being in the workforce for 7 years (now), I didn’t have much going on besides going to work. I wondered, “Is there something else? I need to figure out what it is I can create for myself." I started thinking about things that I love, and to be honest, finance was one of them.
I realized a lot of people would come to me asking me questions about classes, how to budget, where should they open up accounts, so I said, “Let me just create something that answers these questions.”
I wanted to be able to answer specific questions that weren’t so broad, because finance is personal.
T: Absolutely. What is the most common question you get asked on your blog?
G: I think the most common questions is: how do I start saving and be consistent at it?
We all know that we should have some money saved away, and I always say: you don’t have to save for just serious things. Yes, you should have an emergency fund, but money is meant to be enjoyed and the minute we start to associate positive feelings with that, we’re able to balance that even better.
For millennials, the next question I get is on how to manage student loan debt, and it’s a tough one, because I suffer from it too. I try to incorporate that journey on my blog because I’m still on the journey to becoming debt free.
T: Giiiiiiiiirl, listen. Let me tell you. I am on a serious debt cleanse this year and it is so painful.
G: It is, but it's so good to sacrifice now to live better later. I’m not completely debt-free, but when I’m able to cross one more loan off my list, it’s a solidifying feeling. I think the sooner you do it, the better off you’ll be.
T: and the more money you’ll have to spend on things you actually enjoy
G: Exactly! The more money you’ll have to spend on that trip!
G: My mom’s accountant-who’s been doing her taxes for years- started to franchise and open opportunities to clients. One thing I will say is that I actually enjoy working. I never really thought I wanted to be an entrepreneur, but I wanted to own something that would be mine. Choosing to go the franchise route, for me, was something that was a proven model; I had the support and I have a whole corporate team to make sure that my own personal business runs smoothly.
When I first started, I was just using software like Turbo Tax and etc and doing my friend’s taxes. When he presented the opportunity, I was like “oh!.This could be something." I’m already into personal finance and I’ve been doing taxes for years.
My plan is to expand and open up a second location. I know some people are a little iffy about franchising, but it depends on your passion. You definitely want to get into something that you’re really interested in. For me, it just made sense to do taxes, because when hiring someone I can actually train them. It was also something that didn’t take too much attention from my day job.
T: There are a lot of women who visit B3 who are entrepreneurs, have two jobs, and the Boss Moves series has really been picking up. As someone who works full-time, owns a small business, has a blog, what is one thing that entrepreneurs aren’t writing off on their taxes that they probably should?
G: There’s a few things! I think we get too comfortable in the start-up phase and you’re able to write [a lot] of things off. Some people will just go to BlueHost and let them host their website without thinking about it. Those type of things- you can write them off. Of course it’s within reason, so when you’re opening up your business, make sure that you are really taking the time to track and keep documents so you can write off everything you’re purchasing, when starting.
The other thing that’s really big is that a lot of people don’t have an office, so they work from home. You can write off your home office; if you’re paying electricity, utilities, you can write that off.
T: Come on, preacher. I just wrote a blog about that!
G: Listen, because we’ve been leaving money on the table!!!
If you’re driving to and from meetings, or uber on the side, if you are using your personal car, you need to write that off. I would much rather me tell someone, “Girl, you can not write this off” than you leaving something on the table. I think people who are working full-time have it a little bit easier, because the 9-5 almost balances out the taxes. That’s why it’s so important for a full-time entrepreneur to write these things off because you’re reducing your tax liability as much as possible.
I have so many people come into the office and they’re a single member LLC, and they wonder why they’re paying so much in taxes, but they’re not tracking their expenses.
T: You have this one blog post, and I really love it: It talks about the 5 finance books women should be reading. What are you reading right now?
Now, I’m reading “How To Win Friends and Influence People” by Dale Carnegie.
The real reason I picked up this [last] book is because he talks about how to speak with people, deal with conflict, avoid arguments, how to rectify situations, and still win in the process. I thought it would be a good book to read for both business and personal.
T: What are three things that you want black women to take away from your blog?
1. Money is not a man's game
Money is not a man’s game, It’s our game too and we can master it.
2. educate yourself
T- on credit, girl, on credit.
G: Ok?! We don’t know what they did to get there. We don’t know their struggles.
Educate yourself. I’ve been an accountant for seven years and there are still things that I’m learning. As you go through different stages of your life, you’ll grow and realize that you may have to do a few things differently. If you want certain things that other people have, make sure it fits in your budget. Manage your expectations because you don’t want to be going into debt just to keep up with other people.
3. Maybe it's not you. Maybe it's your income.
Sometimes it’s your situation.
Your career is your most important financial asset. You have to make sure you know your worth. A lot of us are underpaid. We already know that women aren’t making as much as men, so we have to be careful not to get stagnant and ask ourselves: What is it we’re getting paid? When was the last time we got a raise? When was the last time we negotiated our income? And if that’s the case we need to be proactive to change that.
Love the #SheDoesBoth Series and know someone who would be great, or would like to be personally interviewed? Email us at: