The Challenges of Managing Finances as a Spiritual Coach in Austin, Texas

💰Rachel Justine is a 27-year-old spiritual coach based in Austin, Texas, specializing in online coaching, courses, and in-person sessions.

📉Rachel has experienced inconsistent income as a spiritual coach, with monthly earnings ranging from $2,000 to an average of $6,500.

💳Despite her relatively high income, Rachel fell into credit card debt due to her lack of understanding about credit cards and the fluctuating nature of her work.

💸Rachel has resorted to taking money from various sources, including her savings and a friend's gift, to cover her expenses during slow months.

🧾Rachel admits to not properly handling her taxes and receiving help from a friend in the past. It's recommended that she consults with a CPA to ensure compliance with tax regulations.

What services does Rachel Justine offer as a spiritual coach?

—Rachel Justine provides online coaching, online courses, and in-person sessions in Austin, Texas.

What is Rachel's average monthly income as a spiritual coach?

—Rachel's average monthly income as a spiritual coach is $6,500.

How did Rachel accumulate credit card debt?

—Rachel accumulated credit card debt due to her lack of understanding about credit cards and inconsistent income as a spiritual coach.

How does Rachel manage her finances during slow months?

—During slow months, Rachel takes money from various sources, including her savings and gifts from friends, to cover her expenses.

What should Rachel do to handle her taxes properly?

—It is recommended that Rachel consult with a CPA to ensure compliance with tax regulations and avoid potential complications in the future.

00:00Rachel Justine, a 27-year-old spiritual coach based in Austin, Texas, shares her experience and challenges in managing her finances while pursuing her passion.

04:46Despite earning an average of $80,000 per year, Rachel fell into credit card debt due to her lack of understanding about credit cards and the fluctuating income of her work as a spiritual coach.

09:58Rachel admits to not properly handling her taxes and receiving help from a friend in the past. It is recommended that she consults with a CPA to ensure compliance with tax regulations.