Topic: #self-employment

19-Year-Old Pressure Washer Struggles with Debt Despite High Income

A 19-year-old pressure washer, earning between $10,000 and $11,000 a month, is struggling with $58,000 in debt due to mixing business revenue with personal spending. Dave Ramsey, a financial expert, advised the caller to

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Timber Sales and Social Security: Understanding Capital Gains vs Self-Employment Income

Operating a timber business does not automatically make every timber sale ordinary income. The contract, the length of time the timber was held, and how the transaction is reported on the federal return all play a role i

2d agotimber-salessocial-security