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May 2017 archive

Karyn’s April Challenge: The Taxes Terminator/Procrastinator

We all have a hate/hate relationship when it comes to tax season. No one enjoys it, and if they say that they do, they be cray! Last year I decided to get some extra help on my taxes since it was so in-depth and I was out of my league. Little did I know that I would be seriously screwed over by H&R Block.

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This year was going to be different. I planned on having a Tax Party with my super sibs and the BF and get my taxes done while having fun at the same time.

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This DEFINITELY didn’t happen.

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I got super swamped at work and had no time for anything, let alone planning a Tax Party. When I did have a spare second to myself I just ignored the fact that my taxes were due. I was procrastinating like a gawd dang pro.

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I kept talking about how I still hadn’t done my taxes with my manager and he suggested I use a program called StudioTax. I said I would give it a shot, but ended up forgetting all about it… until two days before taxes were due (yikes).

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This was go-time. I had to get this done now or I could be in serious trouble, especially if my taxes turned out to be anything like last year’s fiasco.

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Fearful of having to read so much money jargon, I downloaded the free program and go to work… and 30 minutes later I was done. 30 FREAKIN’ MINUTES!!! I was shocked. I thought I was going to be at it until the wee hours of the morning.

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Instead I ended up using a seriously user-friendly program that allowed me to instantly connect to my CRA account and instantly upload my T4s. It automatically filled in everything. IT. WAS. UH-MAZE-ING!!! The only thing I actually had to look up was what line I had to input my student loan interest. Other than that I was golden!

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Now once I was finished I had to figure out how to send it to the CRA. I originally thought I would have to download and print the forms and then mail them out. Not the case with StudioTax! I was able to easily send my finished forms electronically via NetFile, which was included in the downloaded program.

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My taxes this year were a freakin breeze!!!!

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If you still haven’t completed your taxes or are looking for an easier program for next year, I HIGHLY recommend using StudioTax. My GAWD I suggest it!

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#effyoutaxes

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<3 Karyn

 

Gwen’s April Challenge: Kickstart an Unconventional Side Hustle

At the end of last year, I felt defeated. I went from entrepreneur to employee and it was a very challenging transition. You can read all about it here. I had zero desire to ‘side hustle’ or even actually hustle at all!!

Though recently, my desire to work hard and earn dem bucks has shifted. I’m now over two months into my new job at Shopify. It is glorious and I’m thankful for the opportunity to work with smart, dedicated people every day.

One unexpected element of being an employee, is my entrepreneurial spark has been reignited. I found that once I started to feel stable again (in work and mindset) my interest to create returned.

While at Shopify, we have been challenged to start our own Shopify store. I thought it was a fun idea that I would do eventually, but didn’t have a fire lit under me to create one. However, when our growth team was encouraged to create a drop shipping store, I saw it as an exciting opportunity to perhaps kickstart a new side hustle.

Drop shipping is a retail method in which you don’t keep your own product in stock. Instead you partner with a wholesale supplier that stocks its own inventory. You choose a product (i.e. pins, stickers, floaties, shoes, etc.), choose your price and market it to the right people and apparently… cha ching!

You can watch a short video to learn more here:

The biggest benefit is you don’t have to worry about holding inventory, and you simply ship a product when a customer orders from you. You set the price, and it’s your marketing genius that sets you up for success.

Needless to say, I was very curious and excited to start. I had an idea to sell a product, and went to work creating a Shopify store. Though I realized I soon started to overthink what I was selling and question if drop shipping was ethical, and came up with a ton of roadblocks for trying it. It was all excuses, excuses, excuses.

My April challenge was to make my first sale with drop shipping. I did not reach this goal. Although I’ve picked a product and tinkered with my site, it is currently not live.

I still have a strong desire to see if I can make my first sale, so I’m going to continue to work on this challenge, though take a different approach. Going forward, I’m going to dedicate 30 minutes per day on working on getting my first sale (instead of putting pressure on myself to do it in a day). I’ve added 30 minutes to my calendar to work on the project every day of the week. There’s also a chance I will be partnering up with a colleague to create a store, so we can work on it together.

For May, I’m choosing to take on a different official challenge though and that is: create a loving relationship with money. Okay, so this may sound a bit weird, though let me explain. I’m currently reading Jen Sincero’s book: You are a Badass at Making Money. One of the exercises in there is to write a relationship to money as if it were a person. It was a really eye-opening exercise, and really made me see how I can become obsessed with money one minute, then stand-offish the next. If I want to create a healthy relationship with money, I realize I need to approach it with the same attitude as I do a romantic relationship or exercising. There is no ‘silver bullet.’ It’s about consistent check-ins and acknowledgement! I will be documenting the relationship in a journal.

Please feel free to join me in my May challenge!

-Gwen