Stupid Tax

Latest Episodes:

#2 - You Can Make $400k a Year as a Business Owner Sep 11, 2023

Show notes

Small business is one of the best ways -- maybe THE best way -- for the common man to build generational wealth and set his family up with resources for the future. In an off-mic conversation Mitchell threw out $400k a year as the perfect amount of money to make as a business owner. It was kind of a joke, but not really, and it sparked the conversation: what does a person who makes $400,000 a year from their business do? How do they set up their business, how do they manage their sales funnel, how do they manage their books?

Scott and Mitchell discuss the kinds of habits that a person making $400k a year has in their business and personal life.

Get in touch with the hosts!

Mitchell Baldridge

Twitter: @baldridgecpa

https://baldridgecpa.ck.page

https://baldridgefinancial.com

Scott Hambrick

Twitter: @hambrickscott

IG: @ogscotthambrick

https://onlinegreatbooks.com

#1 - Why Small Business? The Best Tax Deal in America Sep 04, 2023

Show notes

Starting a business is hard, and there's no shortage of stories in the media bemoaning the high rate of failure for small businesses, the long hours, the lack of benefits. For Mitchell Baldridge and Scott Hambrick, however, small business is the big time, one of the best ways for the common man to build wealth, find autonomy in his work, and align his work with his values. In small business, there is no work/life balance -- work and life become entwined, and the business becomes an extension of the owner. As a result, the owner gets to shape the culture of the company, gets to set the hours, and set boundaries around what he will and won't do. In short, the owner gets to be a real person. Most people can't find this degree of freedom outside of small business!

It takes guts, and the ability to tolerate risk, but if you're cut out for it, Mitchell and Scott make a strong case for dropping out of the rat race and tossing your hat into the arena of small business. And as Mitchell argues, you get to take advantage of the best tax deal in America.

Get in touch with the hosts!

Mitchell Baldridge

Twitter: @baldridgecpa

https://baldridgecpa.ck.page

https://baldridgefinancial.com

Scott Hambrick

Twitter: @hambrickscott

IG: @ogscotthambrick

https://onlinegreatbooks.com

Stupid Tax: A Show About Small Business Aug 30, 2023

Show notes

Welcome to the Stupid Tax podcast, a show all about small business. The world's most famous accountant, Mitchell Baldridge, and lifetime small business owner Scott Hambrick dive into all aspects of small business: how to get started, building a sales funnel, managing your books, optimizing your taxes, and more. As Mitchell says, starting a small business is the best tax deal in America, and one of the best chances for the average person to build generational wealth and achieve autonomy in their work life.

Get in touch with the hosts!

Mitchell Baldridge

Twitter: @baldridgecpa

https://baldridgecpa.ck.page

https://baldridgefinancial.com

Scott Hambrick

IG: @ogscotthambrick

https://onlinegreatbooks.com