Ep. 403 | How to Take Advantage of Being an Outsider - Ciera Rogers

Is there an advantage to being an outsider? Often we just want to fit it, but what would happen if we leaned into what sets us apart? That's what Ciera Rogers, founder and CEO of BABES and author of The Outsider Advantage, did to get herself out of poverty and eventually build a multi-million dollar fashion brand. In this episode, we talk about changing your money story, accepting and healing from your money trauma, and changing course so you can achieve the life you want and deserve.
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CHAPTERS
00:00 Introduction
02:52 Guest Background
08:53 Transitioning from Thrifting to Wholesale and Cut and Sew
14:48 The Connection Between Trauma and Money
27:18 Embracing the Journey of Entrepreneurship
34:10 Building a Healthy Relationship with Money
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TAKEAWAYS
• Embrace your unique perspective and avoid copying others.
• Recognize the impact of trauma on your instincts and decision-making.
• Have open conversations about money and resources to support each other.
• Collaborate and ask for help while maintaining ethical boundaries.
• Embrace discomfort and failure as opportunities for growth and learning. Entrepreneurship is a journey with ups and downs, and it's important to embrace the process.
• Comparing oneself to others can be detrimental to success and happiness.
• Having a financial buffer is crucial for navigating the unpredictable nature of business.
• Focusing on oneself and not getting caught up in competition is key to staying true to one's brand and attracting loyal customers.
• Building a healthy relationship with money takes time and self-awareness.
• Setting future goals that align with personal values and making a positive impact can bring fulfillment and success.
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RESOURCES
📌 Buy a copy of Ciera's book "The Outsider Advantage" amzn.to/4aDDDI3
📌 Visit Ciera's online store shopbabes.com
📌 Enter to win a copy of books featured on this season jessicamoorhouse.com/contest
📌 Show notes & transcript jessicamoorhouse.com/403
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ABOUT ME
I'm Jessica Moorhouse, a money expert, Accredited Financial Counsellor Canada®, speaker, content creator, and host of the More Money Podcast. I'm based out of Toronto, ON, Canada and run my own business, MoorMoney Media Inc., to educate others about financial literacy. To learn more, check out my website jessicamoorhouse.com
#personalfinance #financialliteracy #money
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The content I produce is for education and entertainment purposes only. Nothing on this KZbin channel, my website or affiliated channels should be considered financial, investment or legal advice, or an endorsement for any type of service, product, or brand. Some links in this description may be affiliate links in which I may earn a commission at no extra cost to you. Please read my disclaimer to learn more: jessicamoorhouse.com/disclaimer/

[@parthparth-qr9su]

Hey Jessica, Thank you for the amazing content. Your videos are really helpful. I would be grateful if you could help me understand a bit about sole proprietor tax. I am working full-time and planning to day trade while making videos on KZbin as a side hustle. Am I eligible for sole proprietor filing? If so, can I write off expenses for both day trading and content creation?

[@jessicamoorhouse]

For any income you'd earn as a content creator and as a day trader, you'd be taxed at your full marginal tax rate. Here are some resources to explore the day trading tax component more, but if you do plan on being a sole prop with different business streams, highly recommend working with an accountant. www.humbledtrader.com/blog/filing-day-trading-taxes-in-canada-101 turbotax.intuit.ca/tips/how-to-calculate-capital-gains-when-day-trading-in-canada-6251 www.td.com/ca/en/investing/direct-investing/articles/day-trading

[@parthparth-qr9su]

@@jessicamoorhouse Thanks. :)