Are you still paying for your business expenses through your personal PayPal account or credit card? Or are your personal and business finances separate?
Keeping your finances separate is not only good business practice but it’s also an important practice for if or when you go into business with your husband or wife.
Co-mingling all of your personal and business expenses makes it impossible to know the true value of your business—and, unfortunately, it may have a severe impact on the outcome and the division of that asset when it comes to divorce.
Thankfully, it’s never too late to learn what you don’t know and to make better decisions today that will impact your future. The more you understand, the more of an active and knowledgeable participant you can be through the process.
On today’s episode, I’m speaking with businesswoman and entrepreneur, Aline Bender, of Kama’aina Mortgage Group. In addition to being the CEO of Kama’aina Mortgage Group with her husband, Aliene is also a sales mentor for women and helps Female entrepreneurs strategize on how to make more sales now.
Listen to the full episode to hear:
- Aline’s journey and reinvention of herself after her first marriage ended
- Practical tips for those who are running their own businesses or are spouses of those who are self-employed
- How best to protect your business, including not commingling your business and personal assets
Learn more about Aline Bender:
- Kama’aina Mortgage Group
- Free workshop
- Aline’s Book, The 60 Second Sale
Learn more about Tracey:
- Instagram: @iamtraceycoates
- This week, we shipped out October’s Time 4 Mom subscription boxes to our founding members and we are already getting really positive feedback. Did you join us? What are you waiting for? November’s boxes are on sale now and the theme is Gratitude and Comfort. Head over to traceycoates.com/time4mom for more info.