Latest / Arroe Collins Like It's Live / The Daily Mess Judgement vs Opinion Plus Paying Side Hustle Taxes Are A Must
Transcript
- 0:00Speaker 1: It's actually been one of the greatest adventures to create
- 0:02Speaker 1: a network of podcasts that give you the power of
- 0:05Speaker 1: choice because I know what it's like to be in
- 0:07Speaker 1: the front seat of your car and the podcast that
- 0:09Speaker 1: you checked into when you took off from house was like,
- 0:11Speaker 1: Oh God, this again, I think I've heard this before.
- 0:14Speaker 1: Where am I going to go? Well, instead of hitting
- 0:17Speaker 1: every single platform that's available to man, just go to
- 0:20Speaker 1: one place arrow.net a R R O E.net. Enjoy your exploration. Hey,
- 0:26Speaker 1: what's going on? It's me, the question guy, the dude
- 0:28Speaker 1: that's always asking questions because it's so much fun to
- 0:31Speaker 1: research for answers. For instance, is there a difference between
- 0:35Speaker 1: sharing an opinion and judging someone? Is there a difference? Plus,
- 0:42Speaker 1: has recycling metal become the hot new side hustle? More importantly,
- 0:47Speaker 1: do we have to pay taxes on this? My name
- 0:49Speaker 1: is Arrow. I am a daily writer, a silent wolf.
- 0:52Speaker 1: I stand on the sidelines and do nothing but watch, listen, study,
- 0:55Speaker 1: then activate. I happen to call it the daily mass
- 0:57Speaker 1: because it's a chronological walkthrough in everyday world. It is
- 1:00Speaker 1: my daily writing. As a receiver of thoughts and ideas,
- 1:03Speaker 1: we as people tend to throw things to the side
- 1:06Speaker 1: because we think we're going to deal with it later on.
- 1:09Speaker 1: Not unless you write it down and start asking your
- 1:12Speaker 1: own questions. When a subject arrives inside of me, dude,
- 1:15Speaker 1: it's time to dig in. It's still keeping that daily journal,
- 1:18Speaker 1: but by doing the research, the picture is always going
- 1:22Speaker 1: to become clearer. This is the daily mess. So what
- 1:25Speaker 1: is the difference between sharing your opinion and judging someone
- 1:31Speaker 1: or something? This is a very heavy subject because we
- 1:35Speaker 1: live in an age where one's opinion is heard all
- 1:39Speaker 1: over the news channels and it's only based on fact.
- 1:43Speaker 1: The difference between sharing an opinion versus judging someone, wow,
- 1:47Speaker 1: it all, all rests within our perspective and how the
- 1:52Speaker 1: other person is associated when assigning a negative to its conclusion.
- 1:56Speaker 1: Let's put some focus on opinions. We will always say
- 2:00Speaker 1: what we think and what we feel. How often have
- 2:04Speaker 1: you been caught up in one of those opinionated sentences?
- 2:07Speaker 1: I don't like the decision. That's an opinion. I think
- 2:10Speaker 1: the movie was poorly done. That's an opinion. The focus
- 2:14Speaker 1: is on your perspective. Now, let's shift that to judging
- 2:19Speaker 1: someone or something. Judging is said to be when they say,
- 2:23Speaker 1: he's a terrible person, she's lazy, they don't care about anybody.
- 2:27Speaker 1: That's judgment. It's not about your perspective anymore. Are you
- 2:32Speaker 1: describing your personal reactions or defining another person? Knowing the
- 2:36Speaker 1: difference behind what an opinion is versus what judgment is
- 2:40Speaker 1: That's a distinction that's very, very important because your opinion
- 2:45Speaker 1: can actually open up a new conversation. Judgment tends to
- 2:48Speaker 1: push people away, and it feels more like an attack.
- 2:53Speaker 1: And so on the inside, you're going, ah, gotta go. Hey,
- 2:58Speaker 1: coming up next, during these days of multiple side hustles,
- 3:02Speaker 1: recycling metals has become the thing to do. But what
- 3:06Speaker 1: about taxes? Hey, thanks for coming back to The Daily Mess.
- 3:12Speaker 1: During these days of multiple side hustles, recycling metals is
- 3:16Speaker 1: back in action as a steady way to make money.
- 3:20Speaker 1: Do you have to pay federal taxes when you do this? Uh-oh.
- 3:24Speaker 1: The term getting paid under the table for your work
- 3:28Speaker 1: doesn't really work here anymore. Collecting and selling metal is
- 3:32Speaker 1: seen as making money, and the U.S. government wants their
- 3:35Speaker 1: chunk of the ROI, return of their investment. Even if
- 3:39Speaker 1: you didn't get an end-of-the-year form, the government sees it
- 3:43Speaker 1: as making money. The good news is, if you're hauling
- 3:46Speaker 1: and selling metal, it comes with a ton of business
- 3:50Speaker 1: expenses that can be a tax write-off, such as your fuel,
- 3:54Speaker 1: your dumping fees, supplies, and the cost of the equipment.
- 3:57Speaker 1: Your activities on the side hustle, they are not a
- 4:02Speaker 1: secret little side hustle. It is a real business. You've
- 4:05Speaker 1: got to pay your taxes. Getting paid in cash doesn't
- 4:09Speaker 1: make your earnings tax-free. The IRS still sees your path
- 4:13Speaker 1: as making an income. Now, are we sneaky enough to
- 4:17Speaker 1: keep it away from the U.S. government? Okay, let's focus
- 4:21Speaker 1: on that. Scrap metal businesses have to keep a written
- 4:25Speaker 1: paper trail. Bank deposits have been recorded as well as reported.
- 4:30Speaker 1: The IRS is not shy to compare business information. No
- 4:34Speaker 1: matter what you're doing in order to survive, please don't
- 4:38Speaker 1: forget the finish line. You've got to report what you
- 4:43Speaker 1: took in. I'm Arrow, and that's The Daily Mess.