Strippers and Spreadsheet with HerBooks — Transcript

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1. 0:00Most of these girls in this industry
2. 0:02might need some help and who better than
3. 0:04another woman to help them. I think with
4. 0:06the girls in the industry, they don't
5. 0:07run themselves as a business. What is
6. 0:10GST? With $100,000. So understand that
7. 0:1210% it's not yours. It goes straight to
8. 0:15the ATO. You have to have the receipts
9. 0:18cuz not every single item has GST. When
10. 0:21do we pay the tax man? So once we
11. 0:23registered for GST, you should be doing
12. 0:26BAS BAS. someone who's been audited
13. 0:29>> algorithm run in the background. So if
14. 0:31anything sounds a bit dodgy, you raise a
15. 0:33red flag. Is she making enough money to
16. 0:35afford this brand new car?
17. 0:37>> You've got no income.
18. 0:38>> Do the right thing. Because if you
19. 0:39started doing the right thing at the
20. 0:41early stage of your career, you just
21. 0:43send yourself to sex in the future.
22. 0:54>> Welcome back to another episode of Spicy
23. 0:56Wi Diaries. I'm your host Tia and this
24. 0:58is Opal. Today we have the lovely Jess
25. 1:00on our podcast. Jess is a bookkeeper.
26. 1:02She's also just launched a business
27. 1:04called Her Books. I'm going to preface
28. 1:06this episode by putting a quick
29. 1:08disclaimer here. None of this advice
30. 1:10that we're giving you should take on as
31. 1:11legitimate tax advice. We are not tax
32. 1:14accountants and Jess is not a tax
33. 1:16accountant either. You'll have to do
34. 1:18your own due diligence when it comes to
35. 1:19your own specific tax. Hi guys, thanks
36. 1:22for having me. Yes, that's correct.
37. 1:24Although I'm working as a bookkeeper, I
38. 1:25have a degree in accounting. So I'm now
39. 1:28working towards my future
40. 1:30qualifications. So at this stage, all
41. 1:33that I can offer for the girls is a
42. 1:35bookkeeping service.
43. 1:36>> Yeah. And is that online? How do girls
44. 1:38reach you? Is it like an online consult?
45. 1:41>> At this stage is just word of mouth. Uh
46. 1:43one girl tell another. And that's just
47. 1:45how I stumbled into this industry
48. 1:47>> from one girl and she was telling
49. 1:49another and another and that was when I
50. 1:51saw the opportunity. So most of these
51. 1:53girls in this industry might need some
52. 1:55help and who better than another woman
53. 1:57to help them.
54. 1:58>> Definitely. So how long you been doing
55. 2:00it for now?
56. 2:01>> So the idea really started recently just
57. 2:04a few months but I have been helping
58. 2:06girls for the past two years with the
59. 2:08girls in the industry. What do they
60. 2:10mainly need help with and what do they
61. 2:11need your services for?
62. 2:12>> I think with the girls in the industry
63. 2:14one thing they I see in common they
64. 2:18don't run themselves as a business. They
65. 2:20just think, you know, it's a money-m
66. 2:22opportunity where I'll be making all
67. 2:23this cash and I'll be spend it all, but
68. 2:26in reality, you're running a business
69. 2:27and you should treat as a such and, you
70. 2:29know, be responsible about it because
71. 2:31the moment you have money in and money
72. 2:33coming out, you're running a business
73. 2:35>> and the moment you're making money, the
74. 2:37ATO is going to knock on your door and
75. 2:38they want some of that money. We had a
76. 2:41like tax episode and we both kind of
77. 2:43short shared our stories about like how
78. 2:46we got into the industry and we didn't
79. 2:47even think like we didn't even know tax
80. 2:49bills.
81. 2:50>> The tax man.
82. 2:51>> Yeah. Yeah. And I think a lot of girls
83. 2:53because it's so stripping is such a
84. 2:56taboo topic. It's not spoken about. So
85. 2:58what kind of services do you offer?
86. 3:01>> At this stage I can only offer
87. 3:02bookkeeper.
88. 3:03>> Yeah.
89. 3:04>> So what we do go through all your
90. 3:06transactions. So if you use your bank,
91. 3:08you should have at least a business bank
92. 3:11account and then we go through all your
93. 3:13transactions. We can record keeping all
94. 3:15your income, all your expenses. And then
95. 3:17one thing I've done differently for the
96. 3:19gears in the industry. So we can also
97. 3:21track the income on an average. Let's
98. 3:24say for you work 10 nights a month,
99. 3:26what's your average? Because I
100. 3:27understand that this business your
101. 3:29nights might fluctuate. Yeah. So one
102. 3:31night you might make let's say $400 and
103. 3:33another night $1,000. So the idea is to
104. 3:35understand at least how much make how
105. 3:37much money you're making uh an average
106. 3:40so that way you can sort of forecast
107. 3:42your income or at least control a little
108. 3:44bit.
109. 3:44>> It is such a volatile industry and so
110. 3:47money does go up and down and I remember
111. 3:48the minute I started tracking it I was
112. 3:50like where did that money go?
113. 3:53>> Cash as well it's like it's unaccounted
114. 3:56for sometimes.
115. 3:58>> Do you encourage all your girls to like
116. 4:00deposit their cash?
117. 4:02>> Yes 100%. And the way that I set out
118. 4:04this spreadsheet is in a way where we
119. 4:06can put all the money in all the money
120. 4:09out and then if you transfer or deposit
121. 4:11some money that should all the form
122. 4:12should be linked. So you should know
123. 4:14exactly how much money you have in hand.
124. 4:16So that's the way to set up. So that way
125. 4:17it also helps you to take control of
126. 4:19your money so you don't lose any cash or
127. 4:21don't misplace any entries such as let's
128. 4:24say you spend some money and you didn't
129. 4:26take that into account. Yeah. And when
130. 4:28you look at your cash, let's say you
131. 4:29have $1,000 and you look at into a
132. 4:32spreadsheet and there's only $800. So
133. 4:34where's the other $200? So it holds you
134. 4:36accountable as well for every single
135. 4:38dollar in a way. I love tracking our
136. 4:40money now. I think that's something as
137. 4:41well as business owners. We're all
138. 4:43business owners within the industry.
139. 4:46Just looking at your year going like
140. 4:48this is how much we made and then you
141. 4:50can now put more things in place to go
142. 4:52how can we make more money? What are the
143. 4:54strategies we can go from there? So it
144. 4:56would be really nice to actually have
145. 4:58everything laid out.
146. 4:59>> Yeah, it's Yeah, it's great.
147. 5:00>> So when you take girls on, that's where
148. 5:02you start. You look at
149. 5:04>> their past expenses and then how to help
150. 5:08them make more money really by tracking
151. 5:10it.
152. 5:11>> Yes. Correct. So like one of my current
153. 5:13clients, we went through all her
154. 5:14transactions for the year. So we
155. 5:16download all the transactions from the
156. 5:18bank, categorize everything. So she
157. 5:21needs to do that because of course I
158. 5:22don't know what her expenses are. So
159. 5:24then I can run some form of and we can
160. 5:26see exactly how much money she's
161. 5:27spending on each item. Yeah.
162. 5:29>> And then some of them are just personal
163. 5:30expense that you can, you know, track
164. 5:32yourself just so you know how much money
165. 5:34is spending on hair, nails, and
166. 5:36groceries. But there's also some of
167. 5:38those who are deductions for the
168. 5:39businesses because not everyone has a
169. 5:41business bank account and that's where
170. 5:44things can go missing. And the more you
171. 5:46can track, the more you can keep your
172. 5:48expenses on top. That means you're going
173. 5:50to have more deductions
174. 5:52>> and then a lower tax bill in the end.
175. 5:55>> So would you say for girls to get an
176. 5:57ABN, start a business bank account, and
177. 6:00then every time you're spending money
178. 6:02for work, spend only through that
179. 6:03business account and then when you're
180. 6:05putting money in, only put it in that
181. 6:08account so it's easier to track it all
182. 6:10for you especially to look through it.
183. 6:12>> Correct. Ideally have a business bank
184. 6:15account and each person is different.
185. 6:18this person that I'm working out at the
186. 6:19moment, that's what I say to her to do
187. 6:21because she also has other platforms,
188. 6:24other ways to make money such as only
189. 6:26fans and other videos.
190. 6:28>> So, if she has everything in one bank
191. 6:31account, it's easy for me to track. So,
192. 6:32I don't need to look into her personal
193. 6:34expenses.
194. 6:35>> And then from there, we can work. Okay,
195. 6:37this is your expenses.
196. 6:39>> From these numbers, we can also look
197. 6:41into your income. If you're thinking of
198. 6:43working 10 nights, so what's your
199. 6:45average? That's why it's good to look
200. 6:46into the average as well. Let's say your
201. 6:48average,500 a night. Of course, not
202. 6:51always, not every night's the same, but
203. 6:54you at least know an average how much
204. 6:56money you can make if you keep that. So
205. 6:58then you can also work on their goals in
206. 7:00terms of not making the money. I can't
207. 7:02help them making money, but I can help
208. 7:04them tracking the money. So let's say if
209. 7:06you have a goal for that particular
210. 7:07month, oh, I want to make x amount of
211. 7:09money. Then if you work 10 nights, you
212. 7:11should be making at least this much
213. 7:12money. So you understand in the number
214. 7:14wise how much money you should should be
215. 7:16making per night. Yeah,
216. 7:17>> of course it's not always the same. But
217. 7:19what you can also do, let's say the
218. 7:20first two weeks of the month, you just
219. 7:23going to work two nights, but it wasn't
220. 7:24great. So then looking at the numbers,
221. 7:26knowing that you're not yet quite there,
222. 7:28you can maybe add an extra night or
223. 7:30perhaps if you have the only fans,
224. 7:32maybe, oh, let's try to put more
225. 7:35>> effort into that platform and see if I
226. 7:37can get more money from there. And then
227. 7:39we can track on the weekly,
228. 7:40>> uh, halfway through the month and the
229. 7:42monthly. So you can see exactly how much
230. 7:43money you make, how much money you
231. 7:45spend, and how much money you saved
232. 7:47month by month.
233. 7:48>> Yeah. A lot of clarity. Yeah.
234. 7:50>> And it's like a fun game. It's like,
235. 7:52right, how much can I make this month
236. 7:54now? You've seen the last month.
237. 7:56>> With our agency, we obviously got a fast
238. 7:58turnover of girls. Some of them have
239. 8:01been in the industry for a while. Some
240. 8:02of them have come from working for
241. 8:04employers. I guess kind of coming from a
242. 8:08point of view of our watchers that would
243. 8:11be like just started in the industry or
244. 8:14maybe they've just become a business
245. 8:16owner, a soul trader. I'm going to ask
246. 8:18you a couple questions.
247. 8:20>> What is GST? GST, that's probably the
248. 8:24most taboo around this industry is
249. 8:27understanding what GST is. GST is good
250. 8:30service tax. So, aside of your income
251. 8:33tax, you pay GST tax if you're
252. 8:35registered. And again, let me remind
253. 8:37yourself, I'm not a tax agent. This
254. 8:38information you can find online is very
255. 8:40simple to understand, but I'm just going
256. 8:43to give you a rundown. So, GST is good
257. 8:45service tax that you would be charging a
258. 8:48customer. But of course, if you're
259. 8:50giving someone a dance, you're not going
260. 8:51to say, "Hey, can you give me 10% of
261. 8:54GST?" So basically it's like when you
262. 8:56buy something at a shopping the amount
263. 8:59that you see is including GST. So just
264. 9:02included that is basically 10%. So
265. 9:05everything that you make if you are
266. 9:06registered for GST is 10% of that you
267. 9:10have to be sending to the ATO only if
268. 9:12you're making more than 75,000 per
269. 9:15financial year. And that's why it's so
270. 9:17good to track because let's say for
271. 9:19instance you're not tracking your money.
272. 9:20you're just depositing all that much
273. 9:22money in your bank account and all of a
274. 9:23sudden that you let's say put $100,000.
275. 9:26So understand that 10% it's not yours.
276. 9:29It goes straight to the ATO. To put it
277. 9:32into like a legitimate situation, if
278. 9:34I've just gone for a lap dance with a
279. 9:36guy and I've charged him $150,
280. 9:39how much of that should I be putting
281. 9:41away in an account to save for tax time?
282. 9:44>> Right? So you're not going to be asking
283. 9:46him an extra 10%. You do that when you
284. 9:49send an invoice. But that amount would
285. 9:51have been $13.64
286. 9:55>> out of 150.
287. 9:56>> Correct.
288. 9:57>> Which is 150 divide by 11. That's how we
289. 9:59get to that number.
290. 10:00>> Okay.
291. 10:01>> As someone who takes the deposits
292. 10:03because I'll invoice our clients, I
293. 10:05always do our deposit and then plus 10%.
294. 10:07Am I doing that right?
295. 10:08>> If you use a system like an accounting
296. 10:11system, the accounting system will be
297. 10:12set up correctly. So you don't need to
298. 10:14worry about the actual numbers. But if
299. 10:16you do that, that's how you calculate.
300. 10:18Divide by 11.
301. 10:19>> All right. Well, my invoices match when
302. 10:20I message the guy. So, that does work.
303. 10:23>> Good sign.
304. 10:24>> Okay, that's good to know. Y accounting
305. 10:26is just like I'm learning as we go. Like
306. 10:28I do the books side of it. GST is one
307. 10:31part. And then what are some other
308. 10:33things that we have to prepare for?
309. 10:35>> Oh, GST has part two.
310. 10:37>> Okay.
311. 10:38>> So, that's GST collected from the
312. 10:40customer, but you also pay GST when
313. 10:42you're buying when you're paying for
314. 10:43something as a business. So let's say a
315. 10:45dancer goes and buy a pair of shoes, a
316. 10:47pair of blizzarders. And if that
317. 10:49business also registered for GST,
318. 10:51they'll be charging her GST. So let's
319. 10:53say, let's give the same example, $150
320. 10:57and whatever the amount was. So they
321. 10:59charging you a GST on top of your of the
322. 11:02price of the shoes. So when it's time to
323. 11:04give the money back to the ATO in terms
324. 11:06of GST, it will be the difference of
325. 11:09what you charged minus what you paid
326. 11:11for. So you just send them the
327. 11:13difference. Okay,
328. 11:15>> let's say for example, you calculate all
329. 11:16your GST and that's 10,000 worth of GST
330. 11:19collected and then throughout your
331. 11:21expenses you sum up and you have 5,000
332. 11:25worth of GST collected instead of
333. 11:27sending straight away 10,000 to the AT
334. 11:30you then be sending only 5,000 which the
335. 11:32difference.
336. 11:33>> And is that why everyone always says
337. 11:34it's good to spend more? Yes, if you
338. 11:37have the cash flow, but it's also good
339. 11:39to know
340. 11:40>> you have to have the receipts because
341. 11:42not every single item has GST and
342. 11:46sometimes like we're going through that
343. 11:48details 10% doesn't mean exactly $1 of
344. 11:52$10. So, you have to understand exactly
345. 11:54how much money it stays on that receipt
346. 11:56and then put that correct amount
347. 11:58>> in order to claim that back.
348. 12:00>> Aside from GST, girls would have to save
349. 12:03their money for tax time as well. What
350. 12:05do you suggest with that?
351. 12:07>> Mhm. Correct. So those are two different
352. 12:09taxes GST and there is income tax. So in
353. 12:13that amount of money there'll be
354. 12:14brackets that you can find online as
355. 12:16well. Let's say if you don't if you make
356. 12:18less than 18,200 you don't pay any tax.
357. 12:22Unlikely in this industry from what I
358. 12:24see but that's the threshold. So you
359. 12:26don't pay any tax. It's up to that
360. 12:28amount of money and then it goes from
361. 12:30different practice being. So, I'm going
362. 12:32to actually tell the numbers from the
363. 12:34ATO website so there's no errors. So, if
364. 12:37you make anything from 45,000 to 135,
365. 12:40you'll be paying roughly 45%. If you
366. 12:43make anything from 135,000 to 190,
367. 12:46you'll be paying 35%. And then if you
368. 12:49make anything above $100,000, you'll be
369. 12:51paying 45%. So roughly but again not a
370. 12:55tax agent there's a lot more other
371. 12:57things to be taken into consideration
372. 12:58such a Medicare Medicare levy it just so
373. 13:01you have an understanding that at least
374. 13:03that much money it's not yours you
375. 13:04should be putting aside and then once
376. 13:06you actually do your tax return then you
377. 13:08can see the final number and then you
378. 13:10have more than enough to pay that bill
379. 13:12>> what's Medicare levy
380. 13:13>> Medicare so you as an Australian
381. 13:15resident you pay 2% Medicare if you are
382. 13:18above a set amount of money which I can
383. 13:21look and tell you exactly what that is
384. 13:22you pay extra 2% and the reason why the
385. 13:25Australian government they do that so if
386. 13:28you have a private health insurance you
387. 13:29don't have to pay for the Medicare levy
388. 13:32so it's less 2%. So just a way of them
389. 13:35getting you to get private health
390. 13:36insurance and using them instead of
391. 13:38Medicare.
392. 13:39>> It's good that there's people like you
393. 13:40to actually explain all this cuz
394. 13:43>> as a business owner you just don't want
395. 13:44to be every single part to the business.
396. 13:47>> Yeah, definitely. It's good to delegate
397. 13:49some things for sure. You focus on your
398. 13:52craft and we'll handle the boring stuff.
399. 13:56>> I know when I do the invoices, I
400. 13:58literally have the music blasting and
401. 14:00I'm like on my walking pad trying to get
402. 14:02through it because I'm like this is just
403. 14:04such a boring task.
404. 14:05>> Do you do manually?
405. 14:06>> I do on zero hour pop it all in there.
406. 14:09>> Oh, that's good. That helps.
407. 14:10>> I actually found my old tax book where I
408. 14:13had to write it all in and then my
409. 14:14expenses on the side and it was just so
410. 14:16cute to look back on when I started and
411. 14:19then where we are now. One of the girls,
412. 14:21we have to have her on zero because she
413. 14:24just got too many transactions and a lot
414. 14:26of source of income. So I said, maybe if
415. 14:28we do this way, it's easier for me to
416. 14:30work on this side instead of always
417. 14:32downloading bank statements. And that's
418. 14:34why it's important to have that business
419. 14:36account. So then that's the only thing
420. 14:37I'll be looking at. But then if someone
421. 14:39else is just doing a casual few nights
422. 14:41at the cloud, so they don't need that
423. 14:43much. So just a spreadsheet, Excel, it's
424. 14:45enough.
425. 14:46>> So the girls going in don't need to
426. 14:48download zero. They can just have the
427. 14:50spreadsheet for you.
428. 14:51>> Yeah. Not necessarily. The idea is to
429. 14:52track it. It doesn't have to be fancy.
430. 14:54It doesn't have to be even if you do on
431. 14:56a piece of paper, it's still information
432. 14:58>> when they've got all their money sorted
433. 15:00out. When do we pay the tax man? And
434. 15:03what happens if we pay our GST or our
435. 15:06tax late?
436. 15:07>> Okay, so now it gets a bit more complex.
437. 15:10So once you register for GST, you should
438. 15:12be doing BAS BAS. So business activity
439. 15:16statement
440. 15:17>> and that's usually done every three
441. 15:18months. So per quarter. So we have four
442. 15:21quarters in a year. If you be making
443. 15:23less than 20 million, you can do a
444. 15:26quarter. If you're doing any more than
445. 15:27that, then you have to do monthly. So if
446. 15:29your girls are on that bracket, you
447. 15:30should be doing every month. But another
448. 15:32thing is if you voluntarily register
449. 15:35yourself for GST so they know you are
450. 15:37aware of that, you can also do once a
451. 15:40year. So just when instead of doing quly
452. 15:42you don't have enough transactions you
453. 15:43don't have that much of GST paid and
454. 15:45collected. So you can do just once a
455. 15:47year just like a normal tax return.
456. 15:49>> When do you start paying bass?
457. 15:51>> As soon as you register for GST. And
458. 15:54what happens if we don't pay the GST?
459. 15:58>> Well you can then get a fine. Another
460. 16:01way that they will try to get the money
461. 16:03is hold you personally accountable for
462. 16:06that bill. Let's say if you're running a
463. 16:08partnership or a company and your
464. 16:11company owns that much money, they would
465. 16:13then find a way to charge the director
466. 16:16for that GST. So you'll be held
467. 16:18personally for that.
468. 16:19>> Oh yeah. Yeah.
469. 16:20>> So for example, if me and Opal because
470. 16:22we're both directors, if the bill came
471. 16:25in and like I didn't pay it, they would
472. 16:27just charge us both.
473. 16:29>> Yes. Personally.
474. 16:30>> Okay. And then that would be like she'd
475. 16:31get mad at me. So then I'd be and then
476. 16:33it would make an issue. They try and get
477. 16:36in. M they do
478. 16:37>> but they'll send a few letters before it
479. 16:39won't go straight to that point. I think
480. 16:41there is a system the atto I think I was
481. 16:44a day late with paying something they
482. 16:46charged an extra $99 like a day they
483. 16:49have been really full on and my
484. 16:51accountant was like yeah they're really
485. 16:53full on at the moment they are just like
486. 16:55there's no leniency. Tell us about
487. 16:57auditing and have you ever had an issue
488. 16:59with that or seen someone who's been
489. 17:01audited? No, not myself. But I do work
490. 17:04with a tax agent and recently he was
491. 17:07being ordered. Not him personally, just,
492. 17:09you know, they just pick someone and
493. 17:11pick five random
494. 17:13>> customers and then funny enough, one of
495. 17:16them was a dancer.
496. 17:18>> Oh wow. So wait, they pick at random.
497. 17:21Yeah.
498. 17:21>> Just So is there anything that they look
499. 17:24for specifically?
500. 17:25>> No, they just take samples. So let's say
501. 17:28so the the ATO just randomly picks
502. 17:30people to audit. What I'm going to say
503. 17:32now I can't say for sure but my
504. 17:34understanding is that there are
505. 17:36algorithm that's run in the background.
506. 17:38So if anything sounds a bit
507. 17:40>> dodgy
508. 17:40>> dodgy it raise a red flag and then
509. 17:43that's the system running in the
510. 17:44background and then someone will then
511. 17:47personally go look into that
512. 17:49>> but that's just what I know but it's not
513. 17:51like any information that I can say for
514. 17:54certain
515. 17:54>> the saying they're like just stay off
516. 17:56their red flag thing. Yeah,
517. 17:59>> you get flagged.
518. 18:00>> And what's do you know the process of
519. 18:01auditing?
520. 18:03>> They would just be asking for a sample.
521. 18:05So let's say for example you have a
522. 18:07deduction of 7,000 worth of accounting
523. 18:10fees for example
524. 18:12>> and then they pick the sample say can
525. 18:14you please provide a documentation of
526. 18:16this deduction and then you have to then
527. 18:18provide with the invoice. That's why
528. 18:20it's so important to keep the record
529. 18:22keeping as best as you can. As a
530. 18:24business, you should be keeping for at
531. 18:25least 5 years and even for yourself
532. 18:27should be keeping for as long as
533. 18:28possible because you never know when it
534. 18:30might need it.
535. 18:31>> So when you are like being a dancer, a
536. 18:33lot of them get paid cash. So would that
537. 18:35be a flag for the ATO?
538. 18:38>> Again, I can't say for certain, but uh
539. 18:41any cash business, they do have an idea
540. 18:44of how much money those business will be
541. 18:46making. And again, if you if you go
542. 18:49through that algorithm and then goes
543. 18:51through and there's nothing raised.
544. 18:53>> Okay.
545. 18:55>> Yeah. It's more if it's like we start
546. 18:57making like we're buying cars and things
547. 18:59like that that you can't justify.
548. 19:01>> Yeah.
549. 19:01>> Yeah. Even at they have they have to be
550. 19:04transparent with everything that they do
551. 19:06and all all of the accountants also know
552. 19:09where they'll be looking for. So, as you
553. 19:12mentioned, the car um my understanding
554. 19:14is that when you buy a brand new car,
555. 19:17the ATO would have to get a notification
556. 19:19of that purchase.
557. 19:20>> Okay.
558. 19:20>> So, then they'll look into your tax
559. 19:23returns like, "Oh, is she making enough
560. 19:25money to afford this brand new car
561. 19:27>> and then says that that you only
562. 19:28declared $30,000 and you're buying
563. 19:31$100,000 worth of car."
564. 19:33>> Yeah. I've seen um someone in the
565. 19:35industry, she said that her accountant
566. 19:38was like, "You need to go buy a car.
567. 19:40like you need to go do that. So because
568. 19:42she was earning too much so he was like
569. 19:44you need to have a deduction.
570. 19:46>> Look I think my advice in general would
571. 19:48be for the girls to really pay attention
572. 19:50on everything that they doing. Track
573. 19:52your money all your income all your
574. 19:53expenses. Even if you don't use a
575. 19:55professional just do on a piece of paper
576. 19:58on a simple spreadsheet pay your taxes.
577. 20:01Do the right thing because if you
578. 20:02started doing the right thing at the
579. 20:04early stage of your career you just send
580. 20:06yourself for extra sex in the future.
581. 20:09Definitely. Totally agree.
582. 20:10>> That one thing that I learned as well is
583. 20:12like I went to go buy put money down for
584. 20:15a house at one point or look into it and
585. 20:17she's like you've got no income cuz it
586. 20:19was all cash. So putting it aside.
587. 20:22>> Yeah, definitely. And like getting out
588. 20:24of the mindset of like we hate tax.
589. 20:26Taxes tax means you're earning money.
590. 20:29>> Exactly.
591. 20:30>> And you pay it and you know that that
592. 20:32money that's saved, whatever that's
593. 20:33left, you can do something about it
594. 20:35instead of just wasting purchase.
595. 20:37>> Yeah. Because No one's going to like you
596. 20:39can't get a bank loan if you just have
597. 20:40cash. You can't and that means no car,
598. 20:42no house, and you want to work in the
599. 20:45strip club. Like you really need to make
600. 20:46the most of that time. You don't want to
601. 20:48be like 5 years in and go, oh, all I
602. 20:50have is cash and now I want to leave the
603. 20:53industry. You're like, I need to do
604. 20:55something with it to make sure that I'm
605. 20:56set up. We always end our podcast asking
606. 21:00some what's something that nobody knows
607. 21:02about you. It's like just it can be any
608. 21:06quirk, anything. Um, simple,
609. 21:08extravagant.
610. 21:09>> I have to think about it now.
611. 21:13>> Truly stumped with this.
612. 21:15>> Okay. Maybe I haven't told anyone that I
613. 21:17like to listen to true crime podcast.
614. 21:21>> Right before you go to bed as well.
615. 21:23>> No, no, when I'm cleaning the house.
616. 21:24>> Yeah.
617. 21:25>> It's more about the investigation side
618. 21:27of it, not the killing.
619. 21:30>> Thank you so much for coming on today.
620. 21:32Your information and your services are
621. 21:34going to be so helpful to all the girls.
622. 21:36So, thank you.
623. 21:37>> How can they reach out to you? Oh, yes.
624. 21:39At the moment, I have the Instagram
625. 21:40page, herbooks.au
626. 21:43or just an email contact at
627. 21:45herbooks.com.au.
628. 21:46>> Thanks everyone for watching. If you can
629. 21:48like, follow and subscribe, it means we
630. 21:50can bring you more episodes. So, thanks
631. 21:53again.