Wealth Witches
Wealth Witches
Podcast Description
Welcome to the Wealth Witches™ podcast, where financial empowerment meets magic! I'm Katelyn Magnuson, your guide on this enchanted journey to holistic wealth and prosperity. Here, we honor all identities and invoke our inner witches to create a community where everyone feels welcome and inspired.
Formerly known as the Confident Money podcast, we've transformed into Wealth Witches™ with Katelyn Magnuson. This change is about embracing the once-taboo topics of money and magic, blending them into a powerful mix of practical advice and mystical insights. Whether you're here for financial tips or to explore the magical side of life, this podcast is your new home.
What can you expect from Wealth Witches™? We combine actionable financial advice with a holistic approach to life. You'll hear from guests like astrologers, neurodivergent business owners, and magical creatives, discussing everything from business requirements to the latest trends in holistic wealth. We're breaking down the barriers that make finance feel dry and inaccessible, making it exciting and relevant to your life.
This podcast is for anyone who feels out of place in the traditional financial world. If you've ever felt like your interests in magic, human design, or holistic living didn't belong in a financial conversation, this is the podcast for you. We're here to tell you that you can embrace all parts of yourself and still be financially successful. We're not just talking about money – we're talking about creating a life of abundance and freedom. Our community is dynamic, diverse, and inclusive, and we want you to be a part of it.
Join us as we explore new ways to think about money and life. We're here to challenge the status quo and help you embrace your inner witch on your financial journey. Each episode is designed to inspire, educate, and empower you to take control of your financial destiny.
🔮 Wealth Witches™ Monthly Membership Program 🔮
Are you ready to take your financial journey to the next level? Join the Wealth Witches™ membership for exclusive access to live training sessions on money, taxes, retirement, and business support. You'll also gain entry to our inclusive community where you can connect with like-minded individuals and get even more out of your financial journey. We're a community of passionate, purpose-driven entrepreneurs who see creating wealth holistically rather than stuck in another crypto-bro investing black hole membership. Join today: www.thefreelancecfo.com/wealth-witches-podcast-member
Follow us on Instagram @WealthWitchesPodcast or drop us a message with your questions and episode requests. If you want more advice, visit our main Instagram @thefreelancecfo.
🌟 Enter to Win a Free Month of Wealth Witches™ Membership! 🌟
Leave a 5-star review and include your IG handle to enter. We draw the winner at the beginning of each quarter.
Stay magical and empowered, and remember, wealth isn't just about dollars in the bank – it's about creating ...
Podcast Insights
Content Themes
This podcast covers a diverse range of topics centered on wealth creation, personal finance strategies, and holistic living. Specific episodes have addressed navigating issues like student loans, budgeting for home purchases, and strategies for thriving during economic recessions. The focus is on practical and actionable insights tailored to a wide audience, including entrepreneurs and creatives.
Welcome to the Wealth Witches™ podcast, where financial empowerment meets magic! I’m Katelyn Magnuson, your guide on this enchanted journey to holistic wealth and prosperity. Here, we honor all identities and invoke our inner witches to create a community where everyone feels welcome and inspired.
Formerly known as the Confident Money podcast, we’ve transformed into Wealth Witches™ with Katelyn Magnuson. This change is about embracing the once-taboo topics of money and magic, blending them into a powerful mix of practical advice and mystical insights. Whether you’re here for financial tips or to explore the magical side of life, this podcast is your new home.
What can you expect from Wealth Witches™? We combine actionable financial advice with a holistic approach to life. You’ll hear from guests like astrologers, neurodivergent business owners, and magical creatives, discussing everything from business requirements to the latest trends in holistic wealth. We’re breaking down the barriers that make finance feel dry and inaccessible, making it exciting and relevant to your life.
This podcast is for anyone who feels out of place in the traditional financial world. If you’ve ever felt like your interests in magic, human design, or holistic living didn’t belong in a financial conversation, this is the podcast for you. We’re here to tell you that you can embrace all parts of yourself and still be financially successful. We’re not just talking about money – we’re talking about creating a life of abundance and freedom. Our community is dynamic, diverse, and inclusive, and we want you to be a part of it.
Join us as we explore new ways to think about money and life. We’re here to challenge the status quo and help you embrace your inner witch on your financial journey. Each episode is designed to inspire, educate, and empower you to take control of your financial destiny.
🔮 Wealth Witches™ Monthly Membership Program 🔮
Are you ready to take your financial journey to the next level? Join the Wealth Witches™ membership for exclusive access to live training sessions on money, taxes, retirement, and business support. You’ll also gain entry to our inclusive community where you can connect with like-minded individuals and get even more out of your financial journey. We’re a community of passionate, purpose-driven entrepreneurs who see creating wealth holistically rather than stuck in another crypto-bro investing black hole membership. Join today: www.thefreelancecfo.com/wealth-witches-podcast-member
Follow us on Instagram @WealthWitchesPodcast or drop us a message with your questions and episode requests. If you want more advice, visit our main Instagram @thefreelancecfo.
🌟 Enter to Win a Free Month of Wealth Witches™ Membership! 🌟
Leave a 5-star review and include your IG handle to enter. We draw the winner at the beginning of each quarter.
Stay magical and empowered, and remember, wealth isn’t just about dollars in the bank – it’s about creating abundance in all aspects of your life. Let’s conjure some financial clarity together.
DISCLAIMER: This Podcast may receive compensation for promoting or recommending products or services through affiliate links. We only recommend products and services that we believe are of value to our listeners. The content provided in this podcast is for informational purposes only and does not constitute professional financial, accounting, or legal advice. Listeners are advised to consult with qualified professionals before making any financial decisions. The Freelance CFO is not responsible for any actions taken based on the information provided.
In this episode, Katelyn explains what an S corp election actually changes, how it works alongside an existing LLC or corporation and why the potential savings come from self-employment taxes rather than income taxes.
She breaks down the financial thresholds where an S election may begin to make sense, why business owners need to look at profit instead of revenue and how administrative expenses such as payroll services and additional tax filings affect the decision.
Finally, Katelyn outlines the process of starting payroll as an S corp owner, including applying for the election, setting a pay schedule, registering for state payroll accounts and using Gusto to manage payroll taxes and direct deposits.
Key Takeaways
- An S corp election is a tax election, not a separate business entity.
- Your LLC or corporation remains the same legal entity after making the election.
- An S corp owner receives both a reasonable salary and distributions from the remaining business profit.
- Business owners should evaluate profit rather than revenue when deciding whether an S election makes financial sense.
- Paying yourself an artificially low salary can lead to IRS scrutiny, back payroll taxes, penalties and additional filings.
- Business owners should work with a qualified professional when preparing Form 2553, particularly when multiple owners or spouses are involved.
🔮 Wealth Witches™ Monthly Membership Program 🔮
Are you ready to take your financial journey to the next level? Join the Wealth Witches™ membership for exclusive access to live training sessions on money, taxes, retirement, and business support. You’ll also gain entry to our inclusive community where you can connect with like-minded individuals and get even more out of your financial journey. We’re a community of passionate, purpose-driven entrepreneurs who see creating wealth holistically rather than stuck in another crypto-bro investing black hole membership. Join today: http://www.thefreelancecfo.biz/wealth-witches-podcast-member
Thanks for Listening:
Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share! Follow us on Instagram@WealthWitchesPodcast or drop us a message with your questions and episode requests. Looking for more finance tips, visit our main Instagram@thefreelancecfo.
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Leave Us a Review:
Leave a 5-star review and include your IG handle to enter to win a free month of Wealth Witches Membership! We draw the winner at the beginning of each quarter.
Stay magical and empowered, and remember, wealth isn’t just about dollars in the bank – it’s about creating abundance in all aspects of your life.
DISCLAIMER: This Podcast may receive compensation for promoting or recommending products or services through affiliate links. We only recommend products and services that we believe are of value to our listeners. The content provided in this podcast is for informational purposes only and does not constitute professional financial, accounting, or legal advice. Listeners are advised to consult with qualified professionals before making any financial decisions. The Freelance CFO is not responsible for any actions taken based on the information provided.
Music credit: Neon Fairies by Wolves
Disclaimer
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