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Hi, I'm Kevin and I'm an attorney, sharing economy expert, and the blogger behind Financial Panther. I paid off $87,000 worth of student loans in just 2.5 years by choosing not to live like a big shot lawyer. I started this blog to share all I know about personal finance, travel hacking, and making more money by side hustling. Click here to learn more about me.
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Taxes

Side Hustling And Taxes – And Why I Don’t Worry About Taxes That Much

Last Updated on February 20, 2020February 20, 2020 9 Comments
This post may contain affiliate links.Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

Whenever I bring up my various side hustles, I’ll sometimes get criticisms that these gigs aren’t worth doing since I have to pay taxes on that income. I was reminded of this in a recent guest post I wrote over on Money Wizard, where I talked about how I’ve made around $90,000 from side hustling […]

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Filed Under: Side Hustle, Taxes, Travel Hacking

The Benefits Of Paying Taxes With Your Credit Card

Last Updated on March 17, 2020January 15, 2020 6 Comments
This post may contain affiliate links.Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

paying taxes with credit cards

One of the things about moving towards self-employment and full-time side hustling (admittedly an oxymoron) is that I’m on the hook for paying all of my taxes. When you’re employed in a regular job, taxes often seem like an afterthought – they just get taken out of your paycheck by your employer without you really […]

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Filed Under: Money Hacks, Taxes

Don’t Like Your 401k? Create Your Own 401k Instead

Last Updated on October 27, 2018October 27, 2018 10 Comments
This post may contain affiliate links.Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

create your own 401k

A few weeks ago, I finally went ahead and made my 2017 tax-year contribution to my Solo 401k. Being the lazy guy that I am, I ended up making my contribution at the very last minute, literally overnighting a cashiers check to my Solo 401k company so that I could meet the contribution deadline (I […]

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Filed Under: Investing, Taxes

It’s Better To Side Hustle When You Make More Money

Last Updated on January 30, 2018January 30, 2018 18 Comments
This post may contain affiliate links.Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

better to side hustle when you make more money

One of the unexpected benefits of side hustling is that it helps you gain a better understanding of how your taxes work. It’s sometimes hard to understand what’s happening with your income when you’re only making money from your day job. Since your employer handles your taxes for you, all of the tax stuff just […]

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Filed Under: Side Hustle, Taxes

How Much Can You Contribute To Your Solo 401k?

Last Updated on January 22, 2018January 14, 2018 38 Comments
This post may contain affiliate links.Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

how much can you contribute to your solo 401k

My brother recently asked me to help him figure out how much he can contribute to his Solo 401k. He has a pretty successful business in which he’s a sole proprietor – last year, he made well over six-figures in net revenue. When you have a business that makes that much, it’s really important to […]

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Filed Under: Investing, S/I, Saving, Taxes

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