Why You Need An Accountant Fo Your Side Hustle Business

By now, almost everyone has a side hustle. If you didn’t have one before the pandemic, you certainly have one now or are working on it. They’re an outstanding way to make extra money, to spread your occupational wings, and to build the foundation of a full-time business. But it’s also easy to get sloppy.

Here are seven side hustle accounting mistakes to avoid:

1. Not keeping accurate income records

Since side hustles are typically second occupations, it’s very easy to be casual with record-keeping. This is very likely to happen in the first year of operation. You might simply be looking for some extra money, so you don’t bother to track the actual dollars and cents.

This habit has a few bad side effects:

• Though money may be coming in, you’ll never be entirely sure how much.

• Since you’re not really sure how much is coming in, you don’t really know if the business is truly successful.

• Though you may be making money, you won’t know if what you’re earning is justified by the time and effort you’re putting out to earn it.

• When tax filing time comes, you’ll be forced to estimate and guess how much you actually made. That can be a disaster if the IRS doesn’t agree.

Solution: Set up a dedicated bank account where you will deposit all of your side hustle income payments. At the end of the year, or the end of each month, you can simply total up the deposits to determine your income.

2. Not keeping accurate expense records

New side hustlers may be even more casual when it comes to recording expenses. This is particularly true if the expenses are small.

There is an equal number of issues with this practice:

• You’ll never know what your net income is—that’s your income after deducting business-related expenses.

• If you focus only on the income side, and ignore expenses, you’ll never know if your side hustle is truly profitable.

• You’ll miss out on valuable tax deductions against your side hustle income.

Solution: Purchase business accounting software or hire an accountant - record all of your expenses—as well as your income—as they occur. Alternatively, you can set up a dedicated business checking account, that you run all your expenses through. That will provide you with an automatic written record of your expenses. You can also deposit your side hustle income into the same account.

3. Not determining the connection between expenses and income

We’ve already talked about how not accurately recording your income and expenses can lead to not knowing your true net income. But there’s an even more specific problem. Without keeping records, you can’t know how cost-effective your expenses are.

The primary purpose of business expenses is to generate business income

Without keeping accurate records, you’ll have no way to measure the income benefit provided by any particular expense.

In order to maximize profits, a business owner has to know which expenses will produce the most “bang for the buck”. Without keeping accurate records, you may be incurring expenses that generate little or no revenue. You may also miss an opportunity to determine which expenses produce the highest revenues.

Solution: Using accounting software or an accountant, you should be able to match expenses incurred with the relevant income produced. You can then look for inconsistencies. Are there expenses that produce little or no benefit? Are there others that result in increased income? Properly allocating between the two will keep your side hustle going in the right direction.

4. Not separating business and personal transactions

This is a mistake that even side hustle veterans make. If you’re running your side hustle income and expenses through a personal checking account, separating business and personal could be so complicated that you don’t bother to do it.

Until tax time.

That’s when it becomes a certified nightmare. Trying to separate business and personal transactions out of 12 months bank statements can take days. That’s especially true if you make personal purchases from the same vendors you make business purchases through. It will also be a problem if you don’t have a record of side hustle related income deposits.

Solution: Once again, the most effective solution is to have a dedicated checking account for your side hustle. Use that account exclusively for your business so there’s no possibility of mixing with personal transactions.

5. Not keeping track of debts and obligations—in both directions

This includes debts you’ve incurred for business purposes, or debts owed to you in connection with your side hustle. It also includes accounts receivable—income earned, but not yet collected—and accounts payable—expenses incurred, but not yet paid.

If you don’t keep track of debts and obligations, you could lose side hustle income, or fail to make timely payments. The latter could result in damage to your credit, as well as your reputation.

Solution: If using an accounting software it should have general ledger capability, that enables you to set up individual accounts. They can be set up for debts, receivables and payables. If you have terms set up with multiple customers or vendors, this will be the only way to keep accurate records of what you owe, and what’s owed to you.

6. Not collecting (adequate) sales tax

This is a definite problem if your side hustle involves selling a product. But in many states, sales tax also applies on certain services performed.

Whether you actually collect sales tax from your clients and customers may not matter. But the state sales tax division will want their cut anyway. You’ll have to keep accurate records of your business income, as well as your sales tax liability. In fact, sales tax is a payable, just like an account payable due to a supplier or vendor.

Solution: Accounting software will be a must if you are required to collect and pay sales tax. If the software has an invoicing feature, it will automatically include sales tax in customer invoices. And as payments come in, the sales tax will be credited to the sales tax payable account. At the end of the month, you’ll know exactly how much sales tax you owe. Pay it when required—sales tax divisions are notorious for being unforgiving.

7. Not making your estimated tax payments

If you don’t make estimated tax payments on your side hustle, you’ll owe money at the end of the year. This could leave you with a very large tax bill at filing time. Like thousands of dollars. If your side hustle is particularly successful, it could even be tens of thousands of dollars.

If you fail to make those payments in a timely fashion, you’ll owe interest and penalties on top of the basic tax. It’s a Catch-22 situation you can never win.

Solution. This gets down to why you need to keep accurate records of both income and expenses. If you do, you’ll be able to determine your net income at any time (net income is also generally your taxable income). You’ll need to make estimated tax payments to the IRS during the course of the year. Those tax estimates are due on April 15, June 15, and September 15 of the current year, and January 15 of the following year—all for the current tax year.

Once you determine your net income for the quarter, you’ll have to apply your marginal tax rate to the income. But you’ll also have to pay self-employment tax, which is the FICA tax for the self-employed, and those who have side hustles. 

The rate is 15.3 percent of your net income.

If you’re in the 15 percent marginal tax bracket, you’ll have to allocate roughly 30 percent of your net income for estimated tax. If you don’t know how to calculate this, consult with an accountant. You can make your tax estimates online, using IRS Direct Pay.

Summary

When you have side income, taxes can get complicated quick. These are seven common side hustle accounting mistakes to avoid, but your best bet is to get some good accounting software, or a good accountant.

For more information on the business side of your side hustle, tax and accounting resources join The Climb community:

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Boka Toothpaste: The Natural and Effective Alternative to Traditional Toothpastes

This post is sponsored by Boka

When it comes to oral health, most of us understand the importance of brushing our teeth twice a day. However, not all toothpastes are created equal, and many contain harmful ingredients that can damage our teeth and overall health. This is where Boka Toothpaste comes in, offering a natural and effective alternative to traditional toothpastes.

1.Natural Ingredients:

Boka Toothpaste is made with 100% natural ingredients, making it a safer and healthier option for your oral care routine. It's free of harsh chemicals like parabens, sulfates, and artificial flavors and colors, which can be harmful to both your teeth and overall health.

One of the natural ingredients in Boka Toothpaste is xylitol. This natural sweetener is known for its ability to prevent tooth decay by reducing the amount of harmful bacteria in your mouth. It also helps to neutralize acid in your mouth, which can erode your tooth enamel over time.

Another important ingredient in Boka Toothpaste is coconut oil. This natural oil has powerful antimicrobial properties that can help to promote oral health. It's also effective at reducing inflammation in the mouth, which can help to prevent gum disease and other oral health problems.

Nano-hydroxyapatite is a natural mineral that is a key ingredient in Boka Toothpaste. It's a type of calcium phosphate that makes up the majority of our teeth and bones. In fact, our teeth are mostly made up of hydroxyapatite crystals, which gives them their hardness and durability.

One of the main benefits of nano-hydroxyapatite is that it can help to strengthen and repair your teeth. When you brush your teeth with Boka Toothpaste, the nano-hydroxyapatite particles in the toothpaste can help to remineralize your teeth by bonding with the surface of your enamel. This can help to repair minor damage to your teeth and protect them from further decay.

Nano-hydroxyapatite is also a great alternative to fluoride. While fluoride is commonly used in traditional toothpastes to protect against tooth decay, it has some drawbacks. For example, fluoride can be toxic in large amounts and may cause health problems when ingested. Additionally, some people are sensitive to fluoride and may experience side effects like stomach upset or skin irritation.

In contrast, nano-hydroxyapatite is completely safe and non-toxic. It's a natural mineral that is already present in our teeth and bones, so there is no risk of toxicity or adverse reactions. Additionally, because it bonds with the surface of your enamel, it can provide long-lasting protection against tooth decay without the need for harsh chemicals.

Overall, nano-hydroxyapatite is an excellent natural ingredient that can help to strengthen and protect your teeth. By choosing Boka Toothpaste, you can enjoy the benefits of this natural mineral and avoid the potential risks associated with fluoride.

2. Effective Oral Care:

Boka Toothpaste is formulated to not only clean your teeth but also promote healthy gums and fresh breath. Its fluoride-free formula gently removes plaque and stains while protecting against cavities and tooth decay.

One of the ways that Boka Toothpaste promotes healthy gums is through the use of essential oils. These oils have natural antibacterial properties that can help to reduce inflammation and fight off harmful bacteria in the mouth. Boka Toothpaste also contains natural flavors like peppermint and spearmint, which can leave your mouth feeling fresh and clean.

In addition to its cleaning and oral care benefits, Boka Toothpaste is also safe for sensitive teeth. It's free of harsh chemicals that can cause irritation or discomfort, making it a great option for anyone who experiences sensitivity when brushing.

3. Environmentally Conscious:

Boka Toothpaste is committed to sustainability and minimizing its impact on the environment. Clean water and oral health go hand-in-hand, but too many people across the globe lack access to both. That’s why for every Boka brush purchased they donate a toothbrush to their non-profit partner, Surge. They work hard to bring life-sustaining water to those in need. Together, they’re also providing oral health education to schools around the world.

In addition to that, Boka Toothpaste is also made with environmentally conscious ingredients. Its natural ingredients are sourced responsibly, and the company strives to minimize its carbon footprint wherever possible.

Boka Toothpastes

Features

Fluoride-free

SLS-free

Paraben-free

Sensitivity-fighting

Antiplaque

Free from artificial flavors

Free from endocrine disruptors

Powered by n-Ha, a 100% non-toxic ingredient that remineralizes and desensitizes teeth

Contains aloe vera, xylitol, green tea and mint

With all this said, it's important to note that just because a toothpaste contains synthetic ingredients, it doesn't necessarily mean it's a bad option. In fact, many traditional toothpastes have been proven to be effective at preventing tooth decay and promoting oral health.

However, for individuals who prefer natural and non-toxic alternatives, Boka Toothpaste is a great option to consider. Its natural ingredients are carefully chosen for their effectiveness and safety, making it a good choice for anyone who wants to avoid harsh chemicals and synthetic additives in their oral care routine.

Ultimately, the best toothpaste for you will depend on your individual needs and preferences. It's always a good idea to consult with your dentist or healthcare provider to determine which toothpaste is right for you.

Overall, Boka Toothpaste is a natural and effective toothpaste that offers a safe and sustainable alternative to traditional toothpastes. By choosing Boka, you can feel confident in your oral care routine and help make a positive impact on the environment and your community. Whether you're looking to improve your oral health, reduce your exposure to harmful chemicals, or simply make a more sustainable choice, Boka Toothpaste is a great option to consider.

24 Months Being a Mom & The Balancing Act It Comes With

My son, Braxton turns 2 today and I honestly do not know how to feel or act. As I sit down to reflect on the past 24 months, I am struck by how fast time has flown by, yet at the same time, how it feels like an eternity since the moment I held my little one in my arms for the very first time. Being a mother has been the most transformative experience of my life, and I am grateful for every moment of it, the highs, the lows, and everything in between.

The first year was a blur of sleepless nights, endless diaper changes, and trying to figure out what my baby needed. It was a time of immense joy, but also of immense vulnerability and insecurity and tiredness! I was tired all.the.time. I constantly second-guessed myself and worried that I was doing something wrong. But with time, I learned to trust my instincts and believe in my abilities as a mother, and like everyone advised - it did get better.

The second year has brought new challenges and new joys. My little one is now a toddler, and I am constantly amazed by how much he has grown and changed. He is curious, adventurous, fiercely independent, and the dude is hilarious! Watching him explore the world around him has been a delight, but it has also meant learning to let go a little and accept that I can't protect him from everything.

As a mother, my priorities have shifted. Before my child, my focus was on my career, my social life, and my own personal goals. Now, my main focus is on my child's well-being and happiness. I have learned to be more patient, more compassionate, and more selfless. I have also learned to prioritize self-care and to ask for help when I need it.

One of the most challenging aspects of motherhood has been dealing with the guilt that comes with it. Guilt over not being a perfect mother, guilt over not being able to do it all, guilt of being away at work all day, guilt over taking time for myself. But I have also learned that guilt is a natural part of the journey, and that it's important to forgive myself and move forward.

The Balancing Act

As an orthodontist and practice owner, finding a balance between work and family life has been a constant juggling act. Before becoming a mother, my primary focus was on my career: growing my practice and providing the best possible care for my patients. My personal goals were also high priority and I enjoyed spontaneously skipping town and kicking back every couple weeks on a remote island somewhere. However, after having my child, I quickly realized that I needed to find a way to balance my professional aspirations with my responsibilities as a wife and mother. I also quickly realized that those frequent vacations would be less so and more structured and planned.

It hasn't been easy, but I have learned to prioritize and delegate in order to make it all work. I have a wonderful team at my practice who I trust implicitly, and they help to ensure that the practice runs smoothly even when I'm not there. I have also learned to be more efficient with my time and to make the most of the hours I have available to work.

However, as much as I enjoy my career, I have also come to realize the importance of slowing down and being fully present in the moments that matter. As my child grows up before my eyes, I don't want to miss out on any of the little moments that make life so sweet. I want to be there for every first step, every silly joke, and every milestone along the way.

So, I have made a conscious effort to create a more balanced life. I have learned to say no to things that aren't essential, and to focus on the things that bring me joy and fulfillment. I have learned to prioritize self-care, and to take the time to recharge my batteries so that I can be fully present and engaged with my family.

While finding balance hasn't been easy, it has been worth it. I am proud of the life I have built (and still building), and of the example I am setting for my child. I want them to know that it's possible to have a successful career and a happy family life, but that it takes work and prioritization. Ultimately, I aspire to live a slower pace of life, where I can fully enjoy and be present in the moments that matter most.

Looking back, I am grateful for every moment of this journey. The highs have been incredibly high, and the lows have been incredibly low, but through it all, I have grown and learned more than I ever thought possible. I am excited to see what the future holds, and to continue growing alongside my little one.

The Rise Of Crypto-Friendly Businesses: Opportunities And Challenges

This is a guest post by Myrtle Bautista

Cryptocurrencies have emerged as a powerful force in the global economy over the past decade. Businesses and enterprises of all sizes are realizing the potential of cryptocurrencies in their operations. Initially, Bitcoin and other cryptocurrencies were viewed as a niche asset class, limited to a small group of tech-savvy individuals. However, the use cases of these digital currencies are transforming the business landscape. 

This article will discuss the opportunities and challenges presented by the rise of crypto-friendly businesses. But before we dig into it, let's know precisely what cryptocurrency is.

What Is Cryptocurrency?

Simply put, a cryptocurrency is a digital currency that uses cryptographic systems to make online transactions safer and quicker without any mediators. It means that cryptocurrencies are not regulated by any central bank, making them immune to any third party intervention. Investing in cryptocurrencies can be very lucrative if a proper strategy is built before jumping into it. Some of the most popular cryptocurrencies nowadays are Bitcoin, Ethereum and Ripple. 

The Rise Of Crypto Friendly Businesses

Crypto-friendly businesses are companies that have integrated cryptocurrencies into their operations by accepting crypto payments or providing services related to cryptocurrencies. These businesses have recognized the potential of cryptocurrencies as a viable payment option and have taken steps to accommodate this growing trend.

What Can Crypto Do For Your Company?

To spark your company's thinking about crypto, below are mentioned some of the rationales behind why some businesses are currently using crypto:

• Introducing cryptocurrency now may help raise internal awareness of this new technology in your business. It also may help the business position itself in this vital growing field for a future that could include central bank digital currencies.

• Certain options are available with cryptocurrency that are simply not with fiat currency. Programmable money, for example, can enable real-time and precise revenue sharing while increasing transparency to facilitate back-office reconciliation.

• Cryptocurrency provides a new avenue for improving a variety of more traditional Treasury tasks, such as making money transfers simple, real-time, and secure, helping strengthen control over the enterprise's capital and managing the risks and opportunities of investing in digital investments.

Cryptocurrencies have gained popularity over the years, attracting businesses and individuals who want to invest or accept it as a form of payment. Crypto-friendly businesses have emerged and are exploring the opportunities that come with it. However, this new technology also poses some challenges. Let us take a look at the opportunities first.

The Opportunities

Increased revenue

Companies accepting cryptocurrencies as payment are able to boost their revenue by reaching a new market of clients who use digital assets. They can potentially attract crypto users searching for new ways to spend their digital assets.

Global accessibility

Cryptocurrencies are not restricted by borders and can be used by anyone from anywhere. Cryptocurrency users can securely store and access their holdings from anywhere. For example, anyone who invests in Bitcoin, can manage bitcoin anywhere in the world. Businesses that accept cryptocurrency can simply transact with international consumers without worrying about currency exchange rates.

Lower transaction fees

Cryptocurrencies such as Bitcoin or Ethereum have lower transaction fees than traditional payment methods such as credit cards. Accepting Bitcoin can potentially reduce transaction costs and increase translation speed, making it a very practical; choice for enterprises.

Security

Since transactions are encrypted and cannot be altered, they provide high levels of security. Accepting cryptocurrencies can help businesses avoid fraudulent activity like chargebacks and identity theft.

Early adopter advantage

 As cryptocurrencies become more widely used, organizations that embrace the technology early on may have a competitive advantage over those that do not.

The Challenges

Volatility

Cryptocurrencies are widely known for their high volatility, which puts businesses that accept them as payment at risk. Cryptocurrency price fluctuations can influence the value of a company's revenue, which can be difficult to control.

Lack of regulation

 The cryptocurrency industry's lack of regulation might be a hurdle for businesses who wish to accept it as a payment method. The legal status of cryptocurrencies varies across countries, making it difficult for enterprises to navigate the legal landscape.

Technical expertise

Since cryptocurrencies are a complex technology, businesses must have the technical expertise to properly integrate them into their operations. Small firms, in particular, may lack the resources to invest in the technical skills required to accept cryptocurrency.

Limited acceptance

Despite their growing popularity, cryptocurrencies are not yet widely recognised as a means of payment. Businesses that take cryptocurrencies may not have a big number of customers that utilize them, limiting their earning potential.

Security risks 

Cryptocurrencies are susceptible to hacking and other security breaches, and businesses that accept them as a form of payment must have robust security measures in place to protect themselves and their customers.

Conclusion

In conclusion, crypto-friendly businesses have the potential to benefit from increased revenue, lower transaction fees, global accessibility, security, and early adopter advantage. However, they also face challenges like volatility, lack of regulation, and technical expertise. Businesses that want to embrace digital currencies must weigh these opportunities and challenges and develop a strategy

Meet Myrtle Bautista

Myrtle is a journalism major, a social media marketer and is now exploring freelance writing. She's fond of anything related to health and wellness, and when she's not writing, you'll find her doing long-distance cycling, ultramarathons, hiking, or in a local cafe enjoying a good cold brew.

How I Made Over $11K Blogging Income in April 2023

Welcome to my monthly income report, where I share my blogging and social media earnings. I figured I could make this a thing on the blog - This report not only demonstrates that it's feasible to generate income through blogging and social media, but also holds me accountable to my goals. If you're interested in learning more about my income sources and accessing valuable resources to start your own business, I encourage you to join The Climb membership.

In today's ever-changing economy, it's more crucial than ever to create multiple streams of income and avoid relying solely on a job or a single source of earnings. The ongoing pandemic has taught us the importance of adaptability and resilience, as well as the need to have a solid financial footing. By diversifying our income streams, we empower ourselves with greater financial security and freedom. Instead of being vulnerable to economic uncertainties, we become architects of our own financial destiny. Building multiple streams of income allows us to weather storms, seize new opportunities, and cultivate a life of abundance. This blog serves as one of my income streams and I am hoping this article inspires someone who has been thinking about starting a business on the side to take that leap.

If you remember from March’s income report, I mentioned that earlier this year, I set a goal to monetize my blog and significantly increase my income. As someone who has a deep passion for blogging, it has evolved far beyond a mere hobby and become an activity I genuinely enjoy and dedicate substantial time to. Consequently, I'm eager to explore its potential and see how far it can take me.

So far this year, my blog has earned $28,0161.81. In April alone that income was $11,118.00. All the revenue I'm reporting here is directly attributed to my blog and social media platforms, particularly Instagram. For a detailed breakdown, you can find the information on The Climb membership page, which I encourage you to join.

By becoming a member of The Climb, you will get access to all my income reports and their sources, you'll gain exclusive access to comprehensive insights into how I monetize my blog and Instagram. Additionally, you'll receive valuable resources designed to help you start your side business, enhance your online presence and effectively monetize your own platform. As a member, you'll also become part of a supportive community of like-minded individuals who share the same aspirations and are embarking on a similar journey.

Generating income on the side is undoubtedly possible, but it requires dedication, time, and effort. If you're willing to invest in it, be consistent and stay true to yourself and your values, the opportunities are limitless.

So, let us embrace the entrepreneurial spirit within us, explore diverse income-generating avenues, and create a future where our financial well-being is firmly in our own hands. Remember, in today's world, having multiple streams of income is not just an option; it is a necessity for a prosperous and fulfilling life.

How to Find Work-Life Balance as a Working Parent: Tips and Tricks from an “Unorthodoc” Mom

Are you a working parent struggling to balance work and family life? Don't worry, you're not alone! Finding work-life balance can be a challenge, but there are tips and tricks that can help. As an "UnOrthoDoc" mom, I know firsthand how important it is to prioritize balance, accept help, create boundaries, and take time for yourself. Balancing work and family life isn't always easy, but with some effort and these tips, you can find solutions that work for you.

PRIORITIZING BALANCE

Let's start by discussing the importance of prioritizing balance. It's not feasible to cater to everyone's needs, so it's crucial to deliberately choose to prioritize balancing your work and family life. This entails making well-informed decisions, such as finding a job that's not overwhelming, modifying your work schedule to create a better balance, or even considering a family size that you can raise responsibly.

However, let's face it, striking a balance between work and family life can be quite challenging. This is why it's essential to have conversations with your family and gather their diverse perspectives. By asking them how they feel about your work and listening to their honest opinions, you can identify areas that require improvement and make them feel heard. Furthermore, they will understand your work situation better.

ACCEPTING HELP

Accepting help is crucial in achieving work and family life balance. It's essential to overcome the fear of asking for assistance from friends and family whenever necessary. Whether it's picking your kids from school or taking them to their extracurricular activities, having someone you can trust to support you with these tasks can significantly ease your burden.

CREATING BOUNDARIES

Prioritizing boundaries is essential for balancing work and family life. It's crucial to draw clear lines that protect both aspects of your life from distractions. You can establish rules such as avoiding work-related phone calls during meals or not checking emails while on vacation. This approach will demonstrate to your family that they are a priority while also safeguarding your work.

Of course, it's impossible to achieve a perfect balance between work and family all the time. Sometimes, work obligations or family emergencies will require you to make sacrifices. However, it's important not to let this imbalance become a norm. Try to take every opportunity to bring the scale back to the center and maintain equilibrium.

TAKE TIME FOR YOURSELF

Prioritizing self-care and taking time for yourself is essential to achieving a balanced life. Don't forget to schedule time for relaxation and rejuvenation, whether that's through exercise, binge-watching your favorite TV show, or enjoying a walk in the sunshine. Taking vacations can also be a great way to recharge.

It's important to keep in mind that there's no one-size-fits-all approach to balancing work and family life. What works for one person may not work for another. By implementing some of these tips and making an effort to find solutions that fit your specific needs and preferences, you can achieve greater balance.

If you're interested in learning more about living an "UnOrthoDoc" life as a mom, check out my blog for additional insights and inspiration.

THE BALANCING ACT:

Being an orthodontist and owning a practice means that finding balance between work and family life can be quite challenging. Before having a child, my primary focus was on growing my practice and achieving my personal goals. I enjoyed being able to travel on a whim and take time off for myself. However, after becoming a mother, I quickly realized that I needed to find a way to balance my professional aspirations with my responsibilities as a wife and mother.

It has not been an easy journey, but I have learned to prioritize and delegate tasks to make it work. I have a great team at my practice who I trust, and they help ensure that things run smoothly even when I'm not there. I have also become more efficient with my time and try to maximize the hours I have available to work.

While I take pride in my career, I have also come to understand the importance of slowing down and being present in the moments that matter. I don't want to miss out on my child's milestones or the little things that make life worthwhile. To achieve this, I make a conscious effort to create a more balanced life. I focus on things that bring me joy and fulfillment, and I have learned to say no to things that aren't essential.

It has been a worthwhile journey, and I am proud of the life I have built for myself and my family. I want my child to understand that it is possible to have a successful career and a happy family life, but it takes work and prioritization. I look forward to continuing this journey and living at a slower pace, where I can savor and appreciate the most important moments in life.

10 Easy Tips For Maintaining A Confident Smile In The Workplace

Having a confident smile can go a long way in your professional life. It not only makes a good first impression on clients and colleagues, but it also boosts your self-confidence. However, maintaining a pearly white smile can be challenging with all the coffee breaks and late-night deadlines. Here are some easy tips to keep your teeth looking their best and maintain a confident smile in the workplace:

Brush and floss regularly: This one goes without saying, but it's important to brush your teeth twice a day and floss at least once a day. This helps remove plaque and prevent tooth decay.

Invest in an electric toothbrush: Nothing against manual toothbrushes, but an electric toothbrush can be more effective at removing plaque than a manual toothbrush, especially in hard-to-reach areas. If you’re looking for good toothbrushes to invest in, I did an electric toothbrush round-up of some see my favorites. Nowadays, I am really into more sustainable and natural options and so I have really taken a liking to Suri toothbrushes. They use recyclable plant-based heads and bristles, and the slim aluminium body is designed to be taken apart and repaired, all while delivering a dentist-approved clean. I have recently started using this toothbrush and love it. If you want to give it a try you can use the code: DRUNORTHODOC for 15% off.

Choose the right toothpaste: Look for a toothpaste that contains fluoride or nano-hydroxyapatite to help prevent cavities, remineralize your enamel and also consider a whitening toothpaste to keep your smile bright. If you’re not sure what nano-hydroxyapatite is, I have written about it here quite a bit. I have broken down the difference between fluoride and nano-hydroxyapatite and have even given my recommendations for toothpastes containing nano-hydroxyapatite.

Recommended Toothpaste

I shared some tips on Instagram on how to spring clean your oral care routine. One of my favorite oral care brands is @boka, which offers all-natural toothpaste and toothbrushes. The dentist in me won’t allow me to not talk about oral care - it's a topic that's near and dear to my heart, and I can't stress enough how crucial it is for your overall health and wellbeing. Boka’s high-quality products make it easy to maintain good oral hygiene, and I highly recommend giving them a try. Plus, as a special offer to my followers, you can use my code: theunorthodoc to get 20% off your purchase. Trust me, you won't be disappointed!

Use mouthwash: Mouthwash can help freshen your breath and kill bacteria that cause bad breath. I recommend using a mouthwash that does not contain alcohol, like the one from Risewell. They have a pH-balancing alcohol-free mouthwash that tastes great and uses essential oils with anti-bacterial, anti-viral, and anti-fungal properties. It also contains xylitol, which helps combat cavities. Xylitol is technically a “sugar alcohol,” but it does not actually contain any alcohol—nor is it a sugar! Xylitol is a carbohydrate found naturally in many fruits and vegetables, and it inhibits bad bacteria growth. That is the key - to inhibit the bad bacteria that causes bad breath and cavities. When you rinse with an alcohol-based mouthwash, you are essentially sterilizing your mouth and that sometimes this kills both good AND bad bacteria. Unfortunately, the bad bacteria tends to grow back fast and often over-populate your mouth before the good bacteria has time to fight. Using code; UNORTHODOC10 will get you 10% off Risewell products.

Watch what you eat and drink: Limit your intake of sugary and acidic foods and drinks. Drink plenty of water throughout the day to help rinse away food particles and bacteria. Bacteria consume sugar from your food and produce waste in the form of acid and volatile sulfur compounds (VSCs). The acid creates cavities and the VSCs cause bad breath. Lack of brushing, poor quality foods/high sugar, lack of water, and dry mouth can lead to an over-population of bad bacteria.

Chew sugar-free gum: Chewing gum can stimulate saliva production, which helps neutralize acids in your mouth and prevent tooth decay. I recommend sugar-free gum or gum that contains xylitol. Xylitol inhibits bacterial growth and helps prevent the formation of plaque.

Take breaks from coffee and tea: Coffee and tea can stain your teeth over time, so try to limit your intake or take breaks throughout the day. If you do indulge, use a straw to help minimize contact with your teeth. Also forma a habit of drinking lots of water after coffee or tea intake to get rid of the tannins and sugar.

Wear contrasting colors: If you're self-conscious about your teeth, wearing contrasting colors can help them appear whiter. Avoid wearing white or pale colors next to your face, as they can highlight any discoloration. Darker shades like royal/navy blue, purple, and even black can make the color of your teeth appear whiter. I love a good red! especially lipstick. It makes my teeth appear really white.

Get regular dental checkups: Rue of thumb: visit your dentist every six months for a checkup and cleaning to maintain good oral health.

Consider professional teeth whitening: If you're looking for a quick fix, consider professional teeth whitening. Your dentist can provide options for in-office or at-home whitening treatments that are safe and effective.

By following these easy tips, you can maintain a confident smile in the workplace and make a great impression on colleagues and clients. Remember, a healthy and confident smile can go a long way in your professional life!

How to Leverage Social Media To Make Extra Income

Social media has become an integral part of our daily lives and has opened up many opportunities to make extra money. Brands have found a low cost way of promoting their goods and services through influencers and microinfluencers (if you have a small following). Guys, the influencer market has rapidly grown and reached $16.4B in 2022, it is lucrative. This growth is attributed to the increasing popularity of short video formats on platforms like TikTok, Facebook, and YouTube, the effect of the global pandemic on consumers, which catalyzed social media consumption, and the optimization of data collection, which marketers used for social media ads. Here are some ways you can use social media to make extra money:

Leverage Social Media:

1. Influencer marketing: Influencer marketing is one of the most popular ways to make money on social media. If you have a following (large or small) on platforms like Instagram, TikTok, or YouTube, brands may pay you to promote their products or services.

2. Affiliate marketing: You can use social media to promote affiliate products and earn a commission on any resulting sales. Many companies have affiliate programs, and you can promote their products through your social media channels.

3. Social media management: Many businesses are looking for help managing their social media channels. If you have experience in social media management, you can use social media to promote your services and find clients

4. Sponsored posts: Similar to influencer marketing, you can make money through sponsored posts by promoting products or services on your social media channels. You can approach brands directly or use platforms like Grapevine or AspireIQ to connect with brands.

5. Offering services: If you have a skill or expertise, you can use social media to promote your services and find clients. For example, you can offer social media management services or graphic design services.

6. Selling products: You can use social media to promote and sell your own products, such as merchandise or digital products. Platforms like Instagram and Facebook offer built-in tools to make it easy to set up a shop and sell products.

7. Crowdfunding: You can use social media to launch a crowdfunding campaign to fund a project or business idea. Platforms like Kickstarter and GoFundMe allow you to promote your campaign on social media and raise money from your followers.

Social media offers many opportunities to make extra money. Whether you're an influencer, entrepreneur, or freelancer, there are many ways to use social media to your advantage and make money. Just remember to stay authentic and transparent with your followers and only promote products and services that align with your values and interests.

See how I use social media to make over $12K of extra income per month. I spill all the tea and give the details in my community, The Climb. I give you my exact scripting for pitching brands, the template for my media kit and more.

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What It's Like Being a Semi-Retired Dentist

A guest post by Dr. Reginald Baker, Jr

Dentistry is a 15 year career. You may want to read that again. I remember this sentence vividly from the speaker at my Dental School orientation session. - Dr. Baker

Becoming a dentist was a dream come true for me. After years of hard work, I was able to build a successful career in dentistry that spanned 15 years (essentially). It was a journey that took me through two different jobs, earning a substantial income in the first four years out of dental school, and eventually purchasing and selling my own dental practice.

As a young dentist, I was focused on building my career and making a name for myself in the industry and my community. My first associate job out of dental school was working in a rural healthcare setting which offered student loan repayment. That helped tremendously in cutting that bill down so that it wasn’t as daunting. That job was rewarding and allowed me to develop my skills. It lasted for almost 2 years until I was offered a position with a group practice making more than double my previous salary. Of course I jumped at that opportunity.

I worked tirelessly to improve my skills and provide the best possible care for my patients. My hard work paid off, and I was able to earn a great income that allowed me to live a comfortable life.

Along the way, I was also smart with my money. I made great investments and lived within my means, saving as much as possible for the future. This allowed me to purchase my own dental practice and eventually sell it at the 15-year mark.

Now, as a semi-retired dentist, I am able to work in dentistry when I feel like it, while also living the life of my dreams and taking care of my family. I no longer feel the pressure to constantly build my career or work long hours to make ends meet. Instead, I am able to focus on what truly matters to me - my family and my own well-being.

My desire now is to live a quiet, slow-paced life where I can watch my young son grow up and catch every milestone along the way. Being able to be present for my family is truly a blessing, and something that I will never take for granted.

Looking back on my career in dentistry, I am proud of what I accomplished and the impact I was able to make in the lives of my patients. However, I am equally proud of the life I have built outside of dentistry - one that allows me to prioritize my family and my own happiness above all else.

In the end, being a semi-retired dentist has allowed me to achieve the perfect balance between work and life. I am able to work on my own terms, while also enjoying the freedom and flexibility that comes with financial stability. It is a life that I am truly grateful for, and one that I will continue to cherish for years to come.

Dr. Reginald Baker has founded the Brand SemiRetired

- a lifestyle brand that aims to emphasize a financially independent lifestyle. He believes that to work for many years and only enjoy a few just didn’t make sense. In his words, “We have to stop living at work and start working at living. Thats the true definition of being Semi-Retired.”

More about Dr. Baker & his brand

As the owner of Semi-Retired, a successful consulting business, I've had the luxury of being able to semi-retire at a relatively young age. For years, I had been putting in long hours and working tirelessly to build my business from the ground up, but now I've reached a point where I can afford to take a step back and enjoy some of the fruits of my labor.

But that doesn't mean I've stopped working altogether. Instead, I've found a happy medium between work and play. I still take on a few clients each year, but I'm much more selective about the projects I choose. I've also been able to delegate more responsibilities to my trusted team of employees, which has allowed me to focus on the areas of the business that I'm most passionate about.

One of the biggest benefits of semi-retirement has been the ability to travel more. My wife and I have always enjoyed exploring new places, but when I was working full-time, it was difficult to get away for more than a week or two at a time. Now, we're able to take longer trips and really immerse ourselves in the local culture.

Of course, there are some downsides to semi-retirement as well. It can be difficult to let go of control and trust others to run the business in your absence. And there's always the risk of losing touch with industry trends and falling behind the competition.

But overall, I feel incredibly grateful for the opportunity to semi-retire at such a young age. I've been able to achieve a level of financial stability that I never thought possible, and I'm able to enjoy the simple pleasures of life without the stress and pressure of running a business full-time. It's the best of both worlds, and I wouldn't have it any other way.

Attaining Financial Independence

Financial independence is a dream that many people share, especially in the United States. The ability to live comfortably and support oneself without worrying about the next paycheck is a goal that most people aspire to achieve. However, there are many factors that can affect a person's ability to attain financial independence. In this blog post, we will discuss some of these factors, including student loan debt, the cost of owning and running a dental practice, and the cost of having children and touch a bit on the Financial Independence Retire Early (FIRE)movement as it relates to all this.

Student Loan Debt

One of the biggest financial obstacles facing many Americans today is student loan debt. According to the Federal Reserve, the total amount of outstanding student loan debt in the United States is over $1.7 trillion. This debt can take years, if not decades, to pay off, and can make it difficult to save for retirement or achieve financial independence.

To make matters worse, the interest rates on student loans can be quite high, which means that even making minimum payments can be a challenge. This can make it difficult for young professionals, such as dentists, to ever get over this hurdle.

Cost of Owning and Running a Dental Practice

For dentists, owning and running a dental practice can be a lucrative career choice. However, it also comes with significant expenses. Dentists must pay for equipment, rent, utilities, and staff salaries, among other expenses.

According to the ADA Health Policy Institute, the average dental practice owner in the United States has a net income of around $180,000 per year. However, this income can vary greatly depending on the size and location of the practice, as well as other factors.

To achieve financial independence, dentists must not only manage these expenses but also save for retirement and other financial goals.

Cost of Having Children

Another factor that can impact a person's ability to achieve financial independence is the cost of having children. According to the USDA, the average cost of raising a child in the United States is over $230,000 from birth to age 18. This includes expenses such as food, clothing, housing, and education.

Having children can also impact a person's ability to save for retirement, as the need arises to prioritize saving for their children's education and other expenses.

Is Financial Independence Attainable in the United States?

Given these factors, is financial independence attainable in the United States? I have listened to numerous podcasts and interviews of people who have and are on the path of achieving this goal =, even with the factors above. So, in short he answer is yes, but it may require careful planning, budgeting, and sacrifice. For dentists, this may mean choosing to work for a few years at a higher-paying job before starting their own practice or taking on a significant amount of debt to start their own practice.

It may also mean making difficult choices when it comes to having children, such as delaying starting a family until they are more financially stable.

Ultimately, achieving financial independence in the United States is possible, but it may require more effort and sacrifice than it would in other countries with different social and economic structures. It is important for individuals to consider all the factors and make informed decisions about their careers, finances, and family planning in order to achieve their financial goals.

The F.I.R.E Movement & How This Relates

In recent years, the Financial Independence Retire Early (FIRE) movement has gained popularity among individuals looking to achieve financial independence at an earlier age. The goal of the FIRE movement is to save and invest aggressively, often up to 50% or more of their income, to reach financial independence as early as possible.

While traditional retirement may be a goal for some, the FIRE movement focuses on achieving financial independence rather than reaching a specific retirement age. This means that individuals can retire early and enjoy the freedom to pursue their passions and interests without the need to work for a paycheck.

However, reaching financial independence at an early age can be challenging, especially when dealing with factors such as student loan debt, the cost of owning and running a dental practice, and the cost of having children.

To achieve FIRE, individuals need to be disciplined about their spending and prioritize saving and investing. This may mean living a frugal lifestyle, choosing a career with high earning potential, or taking on side hustles to increase income.

For dentists, this may mean working for a few years at a higher-paying job before starting their own practice or finding ways to reduce expenses, such as sharing office space or equipment with other dentists.

When it comes to having children, the FIRE movement encourages individuals to consider the financial impact of having children and make informed decisions about family planning. This may mean delaying starting a family until they are more financially stable or finding ways to reduce the cost of raising children.

The FIRE movement is a viable option for individuals looking to achieve financial independence at an early age. While it may require more effort and sacrifice than traditional retirement planning, it is possible to reach financial independence with careful planning, budgeting, and disciplined saving and investing. Dentists can take advantage of high earning potential in their profession and find ways to manage expenses to achieve their financial goals and retire early.

Food For Thought 💭

Attaining financial independence may seem like a daunting task, but it is important to remember that it is achievable with hard work and dedication. I know that sounds cliché but many people have achieved financial independence at a young age and have been able to retire early and live their dream life.

One inspiring example is Mr. Money Mustache, a blogger who retired at the age of 30 by following the principles of the FIRE movement. He now spends his time pursuing his passions and living a fulfilling life with his family.

While everyone's journey to financial independence will be different, the key is to focus on the long-term goals and make small steps towards achieving them. By being disciplined about spending, saving, and investing, individuals can build wealth over time and achieve financial independence.

So, if you are looking to achieve financial independence, don't be discouraged by the obstacles that may come your way. Instead, stay motivated, stay focused, and keep working towards your goals. With determination and hard work, you can achieve financial independence and live the life of your dreams.

“Create a life you don’t need a vacation from”

— anon

How I Made Over $12K In March 2023 With My Blog

At the top of the year I wrote an article in which I outlined my blogging income and mentioned that one of my goals for 2023 was to seriously monetize and increase the income from my blog. If you’ve been with me for a while you know what happens when your girl has a goal.

With all the financial uncertainty in the air, we all could use some extra cash whether it’s to cushion against a rainy day (as they are sure to come), to invest, to safe guard against a potential layoff or for whatever reason. For me, blogging is one of my great loves. It has long surpassed being a hobby and something I genuinely enjoy and spend a lot of time on, and thus I want to see how far I can take it. Perhaps one day it may even replace the income of my 9-5. I have seen it happen with other people so I know it is possible.

In this article I am going to outline the few ways I make money on my blog and how you can too.

For the month of March 2023, I made $12,164.73 from all the ventures I will list below. In February that income was $3012.56 and in January it was $1766.52. Year to date the total extra income made is $16, 943.81. All the income reported here is through my blog and social media (Instagram). Here is the breakdown:

If you're interested in learning more about how I made money through my blog and Instagram, I encourage you to sign up for my paid community. You'll get access to exclusive content and resources that will help you grow your online presence and monetize your platform. Plus, you'll be part of a supportive community of like-minded individuals who are also on the same journey as you.

Making money through your blog and social media is possible, but it takes time and effort. If you're willing to put in the work and stay true to yourself and your values, the possibilities are endless.

Thank you for reading, and I hope to see you in my paid community soon!

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How To Find the Sweet Spot of Work & Life Balance as a Dentist

A healthy work-life balance is one of the most sought-after goals of the modern age. About 20 years ago, it was quite easy to set reasonable working hours, take vacation days, and generally have time to spend with family and friends. Nowadays, however, with the speed that comes with the modern age of technology and the constant need to fulfill relentless ambitions, accomplishing a balanced life can be challenging.

Why is Work-Life Balance challenging for Dentists?

Achieving a good work-life balance is challenging for all professions, but perhaps the problem is more pronounced for dentists. This is because dentists who own their private practices generally have 2 active jobs: A dental practitioner and a practice manager, and between these, having time for oneself can be incredibly difficult , but very much necessary. Yes, some dentists choose a more corporate style of running their practice(s), acting more as an owner and manager rather than a practitioner which can make it a bit easier to achieve that balance, but for the average family dentist, the problem persists.

It’s not difficult to figure out of if your work-life balance is impaired. Check these:

• Your number of working hours: On average, dentists tend to work 4 or 5 days per week, for about 7 hours per day, which sums up to be about 35 working hours per week. This is a good amount of working time that enables you as a dentist to fulfill your ambitions without causing damage to your physical or mental health. Personally, my sweet spot is 3 days per week. My schedule right now is 3 days one week, then 4 days the next averaging 24-32 hours per week. For now, this schedule allows a nice mix of time focused on work and ample time away from it.

• Your number of days off per year: There is no specific number to place here, but on average, at least 150 days off per year (including weekends) is the minimum to achieve a good balance. Because I have a 3 day weekend every week and 2 full mandatory weeks off in a year, my minimum days off per year averages around 170, which to me is a reasonable amount of time on and off of work given that there are 365 days in a year.

• Your quality of sleep: All work can be stressful, but dentistry is doubly so. Dentists are usually solo practitioners who spend a lot of time practicing alone, taking on the issues of the practice, their staff and patients. It can be isolating and also mentally and physically taxing. More of teen than not they think about the practice and cases at home (at night) which adversely affects their sleep. Poor sleep quality is a great indicator that you’re working too much.

• Your overall general health: Stress is the leading cause of many health problems such as hypertension and strokes. When dentists work too much, that generally means they’re more stressed out, which makes them more vulnerable to these dangerous conditions. A few indicators of deteriorating health such as generalized weakness or constant headaches should be red flags that a different approach is needed.

Here are some tips to help you find the sweet spot of work and life balance as a dentist:

1. Prioritize self-care: As a dentist, you understand the importance of self-care, but it can be easy to neglect your own health and well-being when you're focused on taking care of others. Make sure to prioritize your own self-care by getting enough sleep, eating healthy, and exercising regularly. Set aside time for hobbies and activities that you enjoy and that help you relax.

2. Define your priorities: Take the time to define your priorities both in your personal and professional life. Determine what's most important to you and how much time and energy you want to allocate to each area. Make a schedule that allows you to accomplish your goals while still leaving time for relaxation and downtime.

3. Create boundaries: Creating boundaries is essential for achieving work-life balance. Set clear expectations with your staff and patients about your availability and work hours. It's okay to say no to non-emergency calls or appointments outside of your regular hours. Creating boundaries will help you avoid burnout and ensure that you have the energy to enjoy your personal life.

4. Delegate tasks: As a dentist, you may feel like you need to handle everything yourself, but delegating tasks to your staff can help you free up time and reduce your workload. Consider delegating administrative tasks or hiring additional staff to help with patient care. This will allow you to focus on the most important aspects of your practice and enjoy more personal time.

5. Use technology to your advantage: Technology can be a powerful tool for managing your practice and reducing your workload. Consider using appointment scheduling software, electronic health records, and communication tools to streamline your practice and improve patient care. This will help you save time and reduce stress, allowing you to enjoy a better work-life balance.

Achieving work-life balance as a dentist requires careful planning, prioritization, and a willingness to delegate tasks and set boundaries. By prioritizing self-care, defining your priorities, creating boundaries, delegating tasks, and using technology to your advantage, you can find the sweet spot of work and life balance that works for you and your practice. I hope this will help you create a life that you love!

9 Ways To Make Extra Income Online

More and more, people are finding different ways to either increase or supplement their income especially with current financial uncertainties. With a lot of people securing jobs that are either remote or location independent, there is now a level of flexibility that has made it easier to leverage your wifi connection to make some extra money. Whether you're looking to supplement your income or start a new career, there are a variety of ways to make money online. Here are some of the most popular methods:

1. Freelancing: Freelancing involves providing services such as writing, designing, coding, or social media management to clients online. Platforms like Upwork, Fiverr, and Freelancer.com connect freelancers with clients and offer a wide range of job opportunities. I recently hired a VA on Upwork to help me with a few admin tasks and pay her weekly. In the past I have used said platform as well as Fiverr to hire for several small jobs.

2. Affiliate marketing: Affiliate marketing involves promoting products or services through an affiliate link and earning a commission on any resulting sales. Amazon Associates, ShareASale, and Commission Junction are popular affiliate marketing platforms. You can then promote these on your social media or website.

3. Sell products online: You can sell products online through platforms such as Amazon, eBay, Etsy or your own website. You can either sell products you create yourself, or source products from wholesalers and sell them for a profit.

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4. Online tutoring: If you have expertise in a particular subject, you can offer online tutoring services through platforms such as Tutor.com, Chegg, or Wyzant.

5. Virtual bookkeeping: If you have experience in bookkeeping or accounting, you can offer virtual bookkeeping services through platforms like Bookminders, Belay Solutions, or AccountingDepartment.com.

6. Online content creation: If you are creative or have a talent for creating content such as videos, blogs, or podcasts, you can monetize your content through platforms like YouTube, Patreon, Instagram, TikTok or Substack.

7. Online coaching: If you have expertise in a particular area, such as fitness, nutrition, or business, you can offer online coaching services through platforms like Coach.me, Teachable or Udemy.

8. Online market trading: Online market trading involves buying and selling stocks, currencies, or commodities through online trading platforms like eToro, Robinhood, or TD Ameritrade.

9. Online surveys: There are many companies that pay individuals to take online surveys. While the pay is typically low, it's an easy way to make some extra cash in your spare time. Some popular survey sites include Swagbucks, Survey Junkie, and Vindale Research.

Making extra money online is easier than ever thanks to the plethora of opportunities available. Whether you're looking to earn a little extra cash or start a new career, there's a way to make money online that's right for you.

Want specifics on how to make money with any of the above, join my community below.

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Exploring the Future of Digital Money: Trends, Technologies, and the Role of Financial Development

This is a guest post by Katie Pierce

Digital money is revolutionizing the way we use and think about our finances. As a result, the use of this innovative currency is growing at an unprecedented rate. A recent report by the World Bank estimated that there are currently around 1.7 billion unbanked adults worldwide. Digital money could change this by providing them with access to financial services, reducing the costs of financial transactions, increasing efficiency, and enhancing security.

And today is a pivotal point in history as we witness how its future is shaping up. In this blog post, we’ll unpack the factors that are making a critical impact on the trajectory of digital money.

Trends

While there are countless possibilities for how technology might define the future of digital money, some clear trends are beginning to emerge. 

1. Real-time payments

One key direction in the development of digital money is the shift toward “real-time” payments. This means that transactions can be completed almost instantaneously. As a result, people no longer have to wait days or weeks for a bank transfer to go through. 

Such real-time payments offer consumers convenience. In the past, they had to plan ahead when making purchases or transferring funds—but not anymore! Today, they can conduct their transactions in a micro-fraction of the time that they used to spend on previous financial arrangements. 

2. Open banking

Yet another important development is open banking. This refers to a system where banks allow customers to share their financial data with third parties, such as app developers or payment service providers. 

Open banking can make managing finances easier by enabling users to access all their accounts from one place. This results in the quicker completion of transactions. Thus, both individuals and businesses alike can enjoy incredible convenience, with the new technology facilitating faster and more secure payments for goods and services. 

3. The rise of cryptocurrency

Cryptocurrencies like Bitcoin have gained popularity in recent years and are now widely used for online transactions. However, cryptocurrencies face regulatory challenges, and their use is still relatively limited.

4. Mobile money transfers 

Another significant trend in digital money is the increasing use of mobile wallets and mobile banking transactions. Mobile payment systems, like Apple Pay and Google Wallet, are increasingly becoming mainstream. Alongside this are the development of technological innovations that enable heightened convenience and security in their use. Mobile payments are thus expected to continue to grow, with the global mobile payment market projected to reach $494.5 billion by 2030.

Technologies

Several technologies are driving the growth of digital money, such as:

1. Blockchain technology

Blockchain technology, which underlies cryptocurrencies, is one of the technological waves that aren’t likely to break anytime soon. Blockchain is a distributed ledger system where transactions can be recorded securely and transparently. It can disrupt the financial industry by delivering benefits like improved efficiency, more cost-effective dealings, and bolstered security. 

In fact, this cutting-edge technology has been hailed as a way to reduce risks associated with digital payments. However, as digital money becomes more popular, developing more advanced safeguards against fraud and other potential risks will be essential. 

2. Artificial Intelligence (AI)

AI or artificial intelligence is also a major catalyst (if not the primary one!) in the shift towards digital money. It refers to the ability of machines to perform tasks that typically require human mental processes, such as image perception, speech recognition, decision-making, and language translation. With computer algorithms, this technology can learn and improve from experience and perform tasks that could only be previously performed by humans.

Today, AI is being used to automate financial transactions. These include fraud detection, risk assessment, and customer service improvement. AI systems are also being used to develop personalized financial products and services, such as robo-advisors, that provide low-cost investment advice to consumers.

The impact of financial development 

The role of financial development in shaping the future of digital money can’t be ignored as it makes the following possible:

1. Financial inclusion

One way financial development can support the growth of digital money is by promoting economic inclusion. This refers to the provision of affordable and accessible commercial and banking services to underserved populations. Through digital money, customers can now easily send and receive money regardless of where they live and their financial status. And this can go a long way in enhancing their social mobility and giving them access to more opportunities. 

2. Regulation

Governments around the world are investing in policies designed to facilitate innovation in the payments sector while still protecting consumer interests. One fine example is their initiatives that support safe and secure offshore banking jurisdictions that enable individuals and companies to enjoy lower taxes outside their own country base. Also, regulatory changes, such as open banking, have already had a major impact on how businesses operate. 

Yet there is still a ton of work to be done before we reach a truly seamless and secure global payments system. Regulatory devices must be flexible enough to accommodate new technologies and equally robust to prevent financial instability and protect consumers.

The bottom line

While the future of digital money has many exciting possibilities, it also presents some serious considerations regarding financial stability and consumer protection. Through advances in technology and supportive government policies, we can ensure that the global payment system is secure and accessible for all. So, let’s do the work and wait with bated breath as digital money continues to evolve and, hopefully, become a greatly beneficial instrument for future generations. 

For more tech-savvy insights, news, and information, visit the blog of The UnOrthoDoc today!

Meet Katie Pierce

Katie Pierce is a teacher-slash-writer who loves telling stories to an audience, whether it’s bored adults in front of a computer screen or a bunch of hyperactive 4-year-olds. Writing keeps her sane (most of the time) and allows her to enjoy some quiet time in the evening before she walks into a room of screaming kids (all of whom she loves dearly) the next morning

Financial Foundation: Get Good With Money

In my book club so far this year we’ve read two books on money and they were very different. The first one, Die With Zero tells us to spend our money, throw caution to the wind and live! while the second book, The Psychology of Money tells us a different story - that one should prepare for life’s lemons, save, invest then save some more as life will inevitably through us curveballs. Both books offered great insight and are the inspiration behind this blog post.

While both books are different in their messaging, there still lies fundamental basics that both authors agree on: You must get good with money.

In my opinion, we cannot begin to even get good with money if we don’t have the basics down. This might be a refresher to some and a reminder to others. After this post, grab your daily budgeting sheets (or grab them here), pull up your online banking platform and get to work.

Here are 5 things to get started on the right path:

1. Have a PLAN

Create a roadmap for your finances. What are your financial goals and what will you do to achieve them? Perhaps you would like to earn more money this year? Realistically, how much would that be? How would you go about achieving this? Break your goals down into bite-sized action steps and work diligently to reach them. Put a timeline on each goal to keep yourself accountable. Make a plan for all the things that will require money. Consider hiring a financial planner/advisor that can give you personalized recommendations and keep you on a timeline. 

2. Create and Commit to a Budget

I know I know, we don’t really like budgeting, It’s boring but it must be done. This will take some discipline. Consider adopting and applying the the 50-30-20 rule. Essentially this means, 50 percent of your money each month should go to essentials like bills and housing, 20 percent should go towards your financial goals like savings, saving for retirement and paying off debt/student loans, and 30 percent should go towards wants like vacation, entertainment, etc. Personally I dedicate 30% to financial goals and 20% for miscellaneous things like vacation and entertainment. Of course your budget sometimes need a little wiggle room and things do change so adjust along the way but for the most part try to stick to this plan. Automate it so that you don't have to think about it.

3. Start/Fund Your Retirement Account

It is really important that you get on this early! It is vital that you prioritize creating and contributing to a retirement fund and take advantage of compounding interest. Compounding interest will do a lot of the hard work for you if you start early. Here are the contribution limits or 2023. Try to maximize your contributions and take advantage of any match system your job has to offer. Speak with your accountant about the tax benefits of each type of account.

4. Keep an Emergency Fund

Make sure you have at least three (3) to nine (9) months of funds saved up for a rainy day.  If 2020 taught us anything, it’s that we need to be prepared for anything and that life will inevitably through us curveballs. Your emergency fund is where part of the 20 percent savings portion of your budget should go, and it's there in case you lose your job, become ill, or encounter an unexpected expense. Keep this money in a separate savings account at a separate bank from your checking account and forego a debit card for that account. Also, automate your contributions.  Ask your employer to direct debit a portion of your salary into your emergency fund account. You can also consider placing the funds into an account with high yield interest. Personally I use Ally and have been for years, but there are quite a bit of online banks with high yield interest accounts like Synchrony Bank, Marcus by Goldman Sachs, UFB etc.

5. Tackle your debt.

All debt are not created equal. It is unreasonable to tell anyone to get rid of all debt, especially if you live in the US where the financial system runs on you having debt. However, there are some debt that’s considered “bad debt” like credit card debt because it grows pretty quickly and doesn't help you in the long term. Interest rates are usually high and can take a very long to pay off. Unless of course, you stay on top of it and pay the full balance each month. On the contrary, some may argue that student loans are a form of “good debt” because it's an investment into your future earning potential. Put as much money as you can towards credit card bills first starting with the ones with the highest interest. Once that's paid off, prioritize the next highest interest debt, and so forth. Also consider automating the contribution to your debt payment so that you never have to worry about a missed or late payment.

These are the very basics. As with anything, there must be a solid foundation. Once this foundation is built, you can now go on to build on your money making/diversifying prowess. Get these planner sheets to keep you organized to stay on top of your money goals and if you love books join my book club.

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7 Things I Learned From Creating a 7-Figure Business

When I first started out in business, I had no idea what I was getting myself into. After years of hard work and dedication, I am proud to say that in 2022 I have achieved 7-figure success. It was quite possibly one of the most challenging yet rewarding goals I have accomplished yet. I spent the last week in 2022 completely spent and exhausted with much time to reflect. From this journey, I have learned a great deal about what it takes to be a successful entrepreneur and millionaire. In this blog post, I will share seven key things that I have learned from creating a 7-figure business. I will provide tips on mindset, personal, professional, and financial development that have helped me reach my goals. . Here are 7 lessons I learned on the way to 7-figures:

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Side Hustle: 5 Ways to Increase Your Skillset with Skillshare

Personal development is an important topic to me and one of the ways I work on myself is making sure that I hone my existing skills and gain new ones. I love learning! Here’s the thing about diversifying your skills - you become an asset. You become an asset to your place of employment and also to yourself. When you know how to do many things your skills become transferrable which could mean an increase in salary. It could also mean a new way for you to make extra money on the side.

If you’re in that boat where you are looking to increase your skillset and make some extra money on the side then I am going to recommend to you Skillshare. Skillshare is a great platform for both learning new skills and teaching them to others. With a membership, you can access thousands of courses, tutorials, and workshops to enhance your existing knowledge, while also having the opportunity to become an instructor and start earning money. In this blog post, we’ll discuss five different ways to increase your skillset with Skillshare, so you can start a successful side hustle.

1. Join Skillshare

   With a Skillshare membership, you join a growing community of millions of passionate learners and start acquiring skills you need to reach your goals. All you need to do to get started is create an account on the platform. It is subscription-based and offers classes from the world’s best instructors in topics ranging from design, marketing, photography, blogging and business. Each class includes short video lessons, projects and resources to help you build your skills and potentially unlock a new source of passive income.

   With my link you can get a Skillshare membership this month for 30% off it’s original price.

2. Take Classes

   Once you have signed up and become a member, you want to start taking classes. Find topics that you are interested in and just have fun with it. They have over 27,000 classes in their library, you can explore different topics and find what interests you. If you have a skill you already know, you can take courses to deepen your knowledge or even teach that skill yourself.

   You don’t even have to sign up for classes right away. Browse the library and save classes that look interesting to watch later. That way, you can get an idea of the types of classes available and decide which ones will be the most beneficial to your career.

   Taking classes on Skillshare should be fun. Don’t feel pressured to sign up for a course that doesn’t interest you just because it’s popular. It’s important to take the time to explore and find something that speaks to your passions. You will get the most out of the experience if you choose something that excites you. I am a skillshare member and it has helped me over the years to learn about various things related to blogging and social media. What I have learned on skillshare has been invaluable.

3. Teach a Class

   As you gain proficiency in new skills, you can take the next step to become an instructor on Skillshare and start teaching others. Teaching classes on Skillshare provides a great opportunity to earn passive income, while also giving you the chance to learn even more new skills. Plus, you’ll get the satisfaction of helping others acquire knowledge and become more proficient in areas they’re interested in.

   Setting up an account to become an instructor is easy and straightforward. You simply sign up as a teacher, and then create classes by uploading pre-recorded video lectures. You’ll also need to provide students with helpful resources and give them timely feedback.

   Once you’ve published your classes, Skillshare takes care of the promotion for you and shares your class with the millions of potential students on its platform. You can even choose to make your class free or premium so that you can earn money for your hard work.

4. Promote Your Classes

   Even though Skillshare will promote your classes for you, you may want to share your classes with people on different platforms for a wider reach. To share your classes directly on skillshare, just share your class link with fellow teachers and students in the comment section of a course or via direct messages. I encourage you to also share your classes directly on social media like Twitter, Facebook, Instagram and other platforms that may be relevant to your target audience.

   When creating content to promote your classes, make sure to highlight the topics covered in the course and emphasize the practical application of what students will learn. You can also create short videos and tutorials to show off your teaching style. Lastly, if you’re a part of any online communities or forums, you can share your classes there as well.

   Promoting your classes is one of the best ways to make more money from Skillshare. When you reach more people, you’ll have more potential students and more chances to earn money. With this strategy, you’ll be able to start making passive income in no time while also giving others the opportunity to learn new skills.

5. Earn Money

   By teaching your own classes on Skillshare, you can earn a passive income from your creative endeavors. After your classes have been published, Skillshare pays you for each student enrolled in them. The best part is that you don’t have to be constantly monitoring your classes since you get paid even after the course has finished. So why not give Skillshare a try and start earning money from your creative side hustle?

   If you would like to give Skillshare a try, sign up for a membership and use this link to get 30% off the original price.

Valentine's Day Gift Guide for Him, Her & Your Little

It has taken me some time but it’s finally here, this year’s Valentine’s day gift guide! I know this is a fav on the blog and you’ve been waiting with bated breath, lol. This time I am putting a little something together for everyone. This gift guide is for him, her and your little one and, newsflash you do not have to get the cliché chocolates, roses and a card (come back and thank me later). Nothing against that stuff, I myself love a great box of chocolates. But, you can switch it up a bit and do things differently.

In my household we are big on gifts, it’s kind of one of our love languages. So I have created a gift guide that my household would love and I I hope you find something you like as well.

1. Lipstick (Christian Louboutin) - Lipstick is easy, simple and makes a great gift. I love lipstick and I have found that a great shade of red suits me very well. Now, your lipstick doesn’t have to be designer but I love the ones from Louboutin because it’s not only a lipstick but the tube can be worn as a necklace as well. It comes with a nice satin string that you can lace through the top of the tube, tie it around your neck and voila, a great statement piece. Worth the price tag, in my opinion. If you don’t care about that then my favorite reds are Wanted by my good friend Kami over at Kami Cosmetics and Feels So Grand by Mac Cosmetics.

2. David Yurman Bracelets - I have a love for Yurman classic pieces, if you haven’t figured that out by now. They are so sophisticated. I love that they look amazing when you mix, match or layer several styles. I personally love pieces from the cable classic collection. These stack well with the oval link bracelet. My husband wears this cable cuff and this spiritual bead bracelet all the time and has them in different colors that he switches out based on the color in his outfit.

3. Unisex Kids Pajamas - Include your little one in your Valentine’s day celebrations. They don’t require much. As a matter of fact, if you have a toddler like myself they don’t even know what valentine’s day is. A cute gift - PJs! I got Braxton this really cute and fun xoxo pajama set. I don’t know if he loves it or not but this is what he will be sleeping in come V-day.

4. Nail Polish (Gucci) - Similar to lipstick, such an easy and simple gift to buy your wife, mom or girlfriend. She will always have use for it - if she’s into getting her nails done (honestly, who isn’t?). Again, doesn’t have to be designer but these from Gucci really pop!

5. Mama/Daddy is My Valentine sweatshirt - Get these cute sweatshirts for your little one, whether for a boy or girl. This can be worn anytime, not just on V-day. I bought these recently and they are currently en-route to my home.

6. Paris Baccarat Rouge 540 - Can’t quite think of anything? my go-to will always be perfume (or cologne for men). This is one of my favs right now and it makes a superb gift. My husband’s fav at the moment is Bleu by Chanel. Smells amazing!

7. Vinglace Wine Chiller - You know I love a good bottle of wine. I actually subscribe to this wine club called Sparkle-ist where I am sent three bottles of sparkling wine every month. I love this portable wine chiller that helps keep my bottles chilled especially when I transport them to friends houses or to the park.

8. Cozyearth Pajamas - If you’ve been reading my blogs for a while, you know of my love for all things cozyearth. They have the softest, most luxurious and breathable fabrics. I almost have everything in their entire collection. I love everything I own from them including these pajamas. You cannot go wrong with anything they make. I love them so much I give this coupon code to all my family and friends for 40% off their stuff (shh I use it for myself too) code: DR.UNORTHODOC40

9. Electric Toothbrush - The dentist in me will not allow any gift guide to be complete without oral care goodies. Give Hubby, dad or your boyfriend the gift of good oral hygiene. Any electric toothbrush and water flosser is great, just check my resources page for all my favs but these black ones from Burst are really cool.

10. Foreo Iris - I got this for myself late last year and I really like it. It is Ophthalmologist approved as an effective & safe eye care treatment and combines ancient Asian lymphatic-drainage techniques with alternating T-Sonic technology, to refresh & depuff tired eyes, while gently massaging and soothing the eye contour.

11. Venus Fleur Roses - Yes, yes flowers do make the list because honestly, nothing says Valentine’s day like a bunch of long stemmed roses. I love these from venus fleur because they last over a year! Literally the gift that keeps on giving.

12. Caraway Pots & Pans - I am obsessed with my caraway pans. I bought this set along with the container set for myself around black Friday and it has been one of my best purchases. I love the quality, the non-stick feature and best of all the beautiful colors. With the success of the sales over the holidays they have chosen to keep the sale price for a little longer so run, don’t walk!

13. Candles - Such a no-brainer and always a simple yet thoughtful gift. Everyone loves candles, why not treat your loved one with the gift of fragrance to set the mood this holiday season. You can purchase any, but of course I am going to endorse my very own that are made of 100% soy and hand made by yours truly.

14. Date Night Ideas - Never run out of date night ideas with this scratch off card game. This is currently in my cart. Can’t wait to see what ideas they have!

There you have it, 14 amazing and fun gift ideas for the 14th of February - V-day! I hope you see something you love for yourself or will gift to someone. Come back, DM on socials or email me and tell me which ones you enjoyed the most. Happy shopping!

Step by Step Guide on How To Set Up an LLC

So you’ve decided to take that next big step and start a business or side hustle. You have your idea, business plan and everything else in place but now need to make your business legitimate. Many small business owners decide to set up an LLC for the liability protection it provides. An LLC, or limited liability company, exists separately from its owners , and the owners are, therefore not personally responsible for business debts.

To form an LLC, you'll need to file paperwork with the state where your business is located. Every state has its own rules and procedures, but there are several steps you'll need to follow to get your LLC up and running, no matter where you live.

Step 1: Choose a name for your LLC

Get creative and choose a business name that will stand out and be memorable. Keep in mind however that most states do not allow two different business entities to have the same name. So do your research and make sure your business name is not already taken. You can't, for example, have "Lilly’s Pup Treats, LLC" and "Lilly’s Pup Treats, Inc.," even if they're located in different cities.

Do a google search and check with the US patent and trademark office to see if your proposed LLC name is available. Choosing a unique name can help avoid confusion and trademark infringement claims. Also consider whether a domain name is available that matches your business name, you will want everything to be as cohesive as possible.

If the name you've selected is available, but you aren't ready to file your LLC documents right away, you may want to consider reserving the name. Nearly every state allows you to reserve a name by filing a form and paying a name reservation fee. The length of the reservation period, filing fees, and renewal policies vary from state to state.

Step 2: Choose a registered agent

Almost every state requires LLCs to name a registered agent. A registered agent is a person who agrees to receive official documents (lawsuits, subpoenas, etc) on behalf of the LLC and to pass them along to the appropriate person at the LLC. You, the officer can be the registered agent or you can assign someone like your accountant that role if he/she set your business up for you. Some companies, like legal zoom provide registered agent services for a fee.

Step 3: File organizational paperwork with your state

You will need to file articles of organization that list things such as:

• The name and address of the LLC

• The length of its existence, if not perpetual

• The name and address of the registered agent

• The purpose for which the LLC was formed

The paperwork usually must be signed by the person forming the LLC, and in some states, the registered agent must also sign. The filing fee varies from state to state

Step 4: Prepare an LLC operating agreement

The operating agreement typically isn't filed with the state and and is usually not required by state laws. However, it is an essential way for business owners to define their rights and responsibilities and minimize future disagreements. An LLC operating agreement is a roadmap that describes how your LLC will run. Common provisions in this agreement include the statement of intent, its business purpose, the time period during which it will operate, how it will be taxed, new LLC member admissions, and member capital contributions.

Step 5: Determine licenses needed

After the LLC's formation documents are filed and approved, the state will issue a certificate or other document confirming that your LLC now exists. Once you've received the certificate, you can determine whether or not you will need specific permits or licenses—like a zoning permit or liquor license, that your business may need.

Step 6: Get an EIN

The next step is to get your Employer Identification Number (EIN). Your EIN kind of like a Social Security Number for your business. Not only is it unique to your business, but it's crucial for particular business necessities like banking, taxes, and even hiring employees.

Step 7: Register to do business in other states (optional)

If your LLC does business in more than one state, you may need to register to do business in other states. To do this, you'll need to fill out and submit paperwork that's similar to the paperwork you filed when you formed your LLC. You'll also need a registered agent in each state where you are authorized to do business.

An LLC is a popular and flexible business option that works well for many small business owners.  LLCs are typically pretty easy to set up and maintain.

If you’re looking to set up an LLC and would like a trusted and reputable firm to take this off your hands, become a member of my exclusive community - The Climb and get access to all my resources

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How I Make Close to $25,000 from Blogging

Blogging has been a long time hobby of mine. I have been blogging since around 2008 and each of my blogs have always served as sort of a diary of my experiences, lessons learned and things picked up along the way. One great thing that has always come from it, is the help that it offers to people who read it - whether it is inspiration, a lesson from an experience of mine, a how-to guide, an industry contact or something more tangible. My inbox is filled with people thanking me for helping them in some way or another - this to me is quite fulfilling.

I do believe that if I were to give up working as an Orthodontist, one thing that would replace it is blogging. Many people do not know this or wouldn’t believe, but I am a true introvert. I am forced to have extroverted tendencies/personality because of the nature of my career and the way I have used my platforms (i.e social media), but my preferred method of communicating will always be in written form. Seriously, text me instead of calling.

What I hadn’t set out to do was actually make money from my blog. If this is something you have been wondering about I have written a few articles on how to start a blog and how to monetize the blog. I have also written articles on different kinds of side hustles - I have many ideas when it comes to this - and what I do know how to do is turn a hobby into a business. I have done this with my candle company, have helped numerous people get their side business off the ground and have written an e-book as a guide on how someone like you can do it too. I have written several articles on making money from a blog but I never went full throttle down that path myself. I simply welcomed a few opportunities that landed in my inbox with the added bonus of making an income from my monthly operations on this site.

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In 2022 I made roughly $25,000 from my blog. I consider the income from my blog as passive income. The income came from affiliate links throughout my articles and resources page, my digital products and a few sponsored posts.

One of my goals for 2023 is to increase my blog income by actively pursuing opportunities to make money with it. If I am being honest, I want to see what might happen if I actually try, and thinking long-term I want to see if I can turn this blog into a viable business. This way, I will not only gain another source of income but also (potentially) recession-proof my income. As an Orthodontist, my income is not recession-proof. If, God forbid, we should have another pandemic or the economy takes a nose dive, my current income would also be on that trajectory.

Here are my blog income sources for 2022:

• Affiliate Links - $9045.42

• Digital Products - $4800.50

• Sponsored Posts - $10,150.00

  $ 23,995.92

I am not including income from my candle company because it involves putting in extra time. I hand-pour and package each candle that is purchased and it does carry some overhead costs. However, running a candle business is another lucrative side hustle!

I will be sharing specific resources, articles and how-to guides in the member area, which is the paid portion of this site. You will get a chance to know everything I know. If you want to level up both personally and professionally, If you’re considering starting a side hustle/business I invite you subscribe to The Climb - my paid members only area. Here’s what you get:

• Unlimited free access to all e-books, planners and other digital products

• Member only blog posts with exclusive resources not available to the public

• Access to member exclusive discounts from trusted brands

• Guidance with starting a side hustle or passive income stream

• As a gift, one free UnOrthoDoc Candle per year (for yearly members)

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