“If you have the option to open a business checking account, or switch to one with better terms, I think it’s a no-brainer. I’ve tried multiple accounts, and for me, Kabbage Checking™ can’t be beat. It’s the best I’ve found so far.”
Tom Anderson, NYT Bestselling Author & Former Financial Advisor
*Real customer aware his story will appear in advertising
NYT Bestselling Author & Former Financial Advisor, Tom Anderson, Manages Separate Income Stream With Kabbage Checking
HELLO, TOM ANDERSON…
…tell us a little bit about your background?
I was a former executive at major investment firms and worked in wealth management.
Based on my experiences advising large corporations and clients who are starting their new businesses, I wrote a few books, including The Value of Debt—which became a New York Times Best Seller—and two sequels to this book, plus Money Without Boundaries.
What was next on your career path?
Wanting to work for myself, I began FreeFinancialPlan.com to—as the name says—help families build a free financial plan.
My schedule also includes public speaking events—currently, they’re virtual—where I train financial advisors. Once I started earning interest from my speaking events, I began consulting.
What steps did you take to manage these multiple income streams?
I realized that I needed to establish an LLC, so I set up Thomas J. Anderson Consulting. I also needed to find the right tools—like a business checking account—to support it.
How did you select your business checking account?
Research and experience. “In my experience, business accounts have historically been expensive and complicated to set up.”
Which account did you choose?
Kabbage Checking. “The Kabbage Checking account checks every box – it’s fast, easy, available online, and best of all no monthly fees.”
Are there any other Kabbage Checking features that have helped your company?
The account set-up is streamlined, and the process is intuitive. I also find Kabbage Reserves useful. It’s a great way to save for specific goals.
Any additional words?
“I can’t stress enough the importance of creating an LLC for consulting work and opening a business checking account for it. From tracking expenses to assuring tax compliance and reducing liabilities, the clear benefits make it a no-brainer.”
“The views and opinions of third parties expressed herein represent the opinion of the author, speaker or participant (as the case may be), in this case, a real customer aware their story will appear in advertising, and do not necessarily represent the views, opinions and/or judgments of American Express Company or any of its affiliates, subsidiaries or divisions. American Express makes no representation as to, and is not responsible for, the accuracy, timeliness, completeness or reliability of any such opinion, advice or statement made herein.”
Kabbage Customer Since: 2020