Turning Challenges into Growth: Tax Tips and Money Mindset for Creatives with Hannah Cole
In this heartfelt and empowering episode of Art & Cocktails, host Ekaterina Popova welcomes back artist, tax expert, and founder of Sunlight Tax, Hannah Cole. Together, they dive into stories of resilience, community support, and actionable financial advice tailored for creatives.
From Devastation to Connection
Hannah begins the episode by sharing her personal experience with the devastating Hurricane Helene, which caused unprecedented flooding in Asheville, North Carolina. The disaster destroyed many artist studios, including her own, wiping out 20 years of her work. Yet, amidst the heartbreak, Hannah found solace and hope in the overwhelming generosity of her community. This story is a testament to the strength of human connection and the resilience of the creative spirit.
Reframing Money: Taxes, Savings, and Financial Growth
Taxes and finances can feel overwhelming, especially for creatives, but Hannah offers simple yet effective ways to shift your perspective:
Automate Your Financial Systems: Avoid surprises by automating quarterly tax payments and setting up recurring transfers to savings accounts.
Overlooked Tax Deductions: Hannah highlights deductions often missed by creatives, such as mileage, client meals, and tax-smart accounts like IRAs and HSAs.
Mindset Shifts: Instead of dreading financial planning, turn it into an act of self-care. Light a candle, play music, and reward yourself for progress.
Balancing Debt and Savings
A common struggle for creatives is managing cash flow, especially when balancing debt repayment with savings and investments. Hannah advises prioritizing high-interest debt like credit cards while maintaining a long-term perspective. Low-interest debts, such as student loans, can be managed alongside investment growth.
Money as a Tool of Empowerment
Hannah encourages listeners to view money not as a source of fear but as a tool that amplifies their power. By embracing imperfection and focusing on gradual improvement, anyone can build healthier financial habits.
She also shares how bookkeeping, once a dreaded task, can become a grounding ritual. "Start with just five minutes," she suggests, "and celebrate every step forward."
Special Opportunity: Free Class with Hannah Cole
Learn more about managing your taxes and growing your savings in Hannah’s free class:
🗓 Date: December 5th at 12 PM Eastern
⏱ Duration: 1 Hour
📍 Details: Discover the four biggest tax mistakes creatives make and how to fix them.
🎟 Register Here
Ready to Dive Deeper? Join Money Bootcamp
Hannah's Money Bootcamp provides creatives with the tools and support they need to simplify taxes, automate savings, and build financial stability. Use the code ARTQUEENS to save $100!
Links Mentioned
Free Class: Sign Up Here
Sunlight Tax Website: www.sunlighttax.com
Grab your favorite cocktail and join us for this inspiring episode—because financial empowerment starts with one small step!