I adore my tax accountant but, crap, I feel like I’ve been beaten with sticks today. The worst part of being a 1099 (tax form) freelancer is the taxes. You get dinged twice on some taxes and, in general, it is hard on small business owners. We’re paying in the neighborhood of upper four digits this year and I’m a little freaked out. We can cover it but, when I saw the number, my first thought was, “Holy shit! We could buy a car for that.”
I grew up poor. I got in debt out of school. I fought my way out of debt to become debt free. I talked about all of this, and how I got out of debt, in my book, The Little Finance Book That Could. Getting out of debt is emotional as much as financial. So, while I’m freaked out right now, I know it’s a normal emotional. I also know we can handle this. We’ve planned and saved. Not easy but we’ll be fine.
But still. Beaten with sticks.