IF YOU ARE ON A MOBILE DEVICE LISTEN TO EPISODE HERE!! Hi Everyone and welcome to Episode 6 of Money & Life. I am your host Angel Melgoza. There’s been a long wait between my last episode and this one. 2 ½ months to be exact. Those that follow me know the reason why and those who are starting to listen to Money & Life, I’ll share the good news. I am a first time father of a beautiful baby girl. She is now 2 ½ months and is starting to let me and her Mom sleep. So where is she

Year number TWO is officially in the books for MyLife Financial, LLC and boy was it quite the ride. There were times my faith was tested as well as my fortitude and I am pretty sure it will not be the last year it happens. But what can I say except that we survive only to thrive. So here is a recap of year number two and some of the things to come. My Year In Review: The Sophomore Year My Life: As most of my readers know by now, family is one of the things that I value the mo

As we head into the second half of 2018 and with tax season well behind us, I am reminded of an old saying, “you can never be too prepared.” With that said, if you are a sole proprietor or an owner of a single member llc , you may want to dig into these strategies as your income starts getting clearer at the end of the year. And as always, please consult with your tax professional before implementing any strategies. Disclosure: MyLife Financial, LLC is not a Certified Public

LISTEN TO EPISODE HERE!! Hi Everyone, Thank you for keeping up with my podcast. On Episode 5 of Money & Life, I talk to local Entrepreneur and father to a recent UT Graduate, Markus Villareal about the later years of parenthood. We tackle some of the differences and financial preparations that come with raising a teen vs. an infant. I have to say that I was pretty blown away by some of the advice he gives me on my show. We talk about some of the essentials needed during the t

LISTEN TO THE EPISODE HERE! Hi Everyone! Thank you for joining me on Episode 4 of Money & Life. As some of you know I am days away from becoming a Father to a beautiful baby girl so I thought, "why not ask some experts about the ins and outs of parenthood?" In this first part of the series, I talk to fellow Red Raider and friend Ramiro De Hoyos about the early years of parenthood. He is the father of a beautiful baby girl and has lots to say. We brush on the theme of being an

LISTEN TO THE EPISODE HERE!! Hi Everyone, Thank you for joining me on Episode #3 of Money & Life. This week I had the pleasure of speaking with local entrepreneur, Christopher Wycoco of Wyco Tax and it was nothing short than amazing! He shares a passion for entrepreneurship and has seen growth in his business exponentially in the past few years. I met Chris a few years back when I started my business and admired his business tenacity. There comes a time in life when some of u

Click here to listen! On this episode of Money & Life, I tackle the questions: When do you need, Why do you need, and When to update your estate plan? I brought on a special guest, Tomas M. Flores of the Lara Law Firm who specializes in wills, probates, and estates to answer these tough questions and give us his input on the practical uses of having an estate plan. Most of us think to ourselves, "If I plan for my death, I'm going to die." Or, "My family gets along just fine,

Disclosure: MyLife Financial, LLC is not a Certified Public Accounting firm nor are any of its representatives Certified Public Accountants. You should seek tax advice from your tax professional to adjust for any changes in tax legislature and your personal situation. Woo hoo!! We are a week removed from the tax deadline of our 2017 income tax and to some of our luck, we got an extension for 1 day. Now we are past the first quarter of 2018 and well on our way into the second

There was a time in your life where you were driving around with your spouse looking at different homes and painting a picture of what your home would look like. The day came when you were approved for a mortgage so you contacted your realtor and started to seriously shop. You suddenly find yourselves disagreeing on the tile but agreeing on the back splash of your kitchen. And sometimes, you went over budget somewhere and had to compromise on cutting back somewhere else. Fast

I have recently been diving into my studies to become an Enrolled Agent. Mainly because I have received quite a few questions with regards to taxes and tax preferred vehicles for retirement. There are a few out there and each with a unique set of rules that can help a self-employed person save on taxes today and defer them until they are in a lower tax bracket. So I thought I'd give a quick overview on some of the most commonly used tax saving retirement vehicles for self-emp