Carter Cofield is the founder of Cofield Advisors, a financial services firm that focuses on creatives in the entertainment, writing, and social media industries, and the creator of Deduct Everything – Your Blueprint to Tax Free Living.
Cofield Advisors’ mission is to free creatives from all financial stress and save them thousands on taxes in the process. I’ve learned a lot from Carter in the two conversations I’ve had with him on the podcast.
He’s already helped me think differently about my taxes and how I approach my business generally. I’ve started asking myself “how do I make this work for me?” And the results are really in the numbers. I’m actually looking forward to filing my taxes knowing what I know now.
Ok, I’m not looking forward to filing taxes. lol. There’s nothing fun about the process. But it’s fun knowing I’m not leaving any money on the table.
In Carter’s course, Deduct Everything, you’ll learn a few things that are well worth the investment. He’ll show you how to:
- Turn your personal expenses into business expenses
- Make your entire lifestyle tax deductible
- Keep records and stay organized so you can stay stress-free.
Carter joined me on the podcast to discuss his money story growing up and how he was able to pivot from a scarcity mindset to an abundance mindset. We also talk about the importance of having multiple streams of income, the value of tax write off’s, playing offense with your money, and the importance of networking with like-minded individuals. This episode has been downloaded over 12,000 times!
“You’re not making money unless you’re making money when you’re not working” – Carter Cofield
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[fusebox_transcript]
In This Episode of Paychecks and Balances:
- How cutting back on going out and drinking can lead to more clarity in your life
- Why you should be focusing on earning more, rather than saving more
- The importance of networking events
- How to get started with multiple streams of income
- How Carter started a rental car business using Turo
- Why the tax code works in favor of entrepreneurs
- Tips for reducing taxable income
- The benefits of using an HSA
- How to test the market and price your services
- Why clients will pay you for your expertise, not your time