I'm a Canadian on disability, and I've been operating my existing business while disability for 6 years now. been operating it for 20 years. Being on disability was humiliating they pressured me to go through their employment training program to prove I'm capable of operating my business. Now I'm following the Dave Ramsey baby steps to one day exit disability.

It really depends on if you're getting SSI or SSDI. SSI is income driven as it is a supplemental disability income and SSDI is not income driven it's based upon past earnings.

I checked into this and people that are on ssdi that get up to $841 dollars a month max income limit is up to $2000 a year if your business goes over that ssi will cut your payments off if your on sssi due to a disability and allowed to make up to $2000 a year your benefits will be effected ,cut off from disability

Very good video thx! I wonder if it's ok to start a Corp or LLC and only pay yourself under $1000/mo and leave the rest of the capital in the business account. I wouldn't mind trying to get off SSDI but I am paralyzed and I feel liked it would be a huge risk. I would only feel comfortable knowing that my income is secure, steady, and that I could handle the workload but I feel that I can't predict that until actually starting a business. On top of all of that would it be worth losing medicare as well. Right now I feel trapped in the system.

This answered several of my questions and was very helpful, thank you.

Thank you Lori for addressing this topic.

Thank you I'm really trying to get off and be on my like I use to be I had a stroke be for I was working for myself I'm in school and about to graduate and receive a good paying job able afew thousands a month. I Want to let SSDI go and be independent.

Perhaps i was distracted, but im still confused 🤣 Im going to start stop thru this again and take written notes so im xactly clear on all if this. Thank for for providing this for the viewers. Im fully disabled and i just want to be a hobbyist

Thanks for going over that. I have just been approved for disability. I was a mortgage underwriter so I think this will be a hobby for me. I am not supposed to stand or walk for long periods of time and the best position for me is reclining. I just need to keep my mind and hands busy.

Thank you Lori.i just like making my crafts and some money.

Very helpful information Lori. Thank you!

This is scary. My SSI/SDI allows me & my small family to survive. But my dream is to be successful as an indie author. I'm near blind, & fear of losing my benefits if I try to succeed.

Thank you for taking the time to make this video. You answered several questions that cleared my confusion on this topic. I think I better higher a CPA lol

This video helped big time I was getting advice from the wrong people I will continue to watch more videos thanks again

Thanks Lori that’s good to know am Angela from Stone Mountain Ga

Very good information. Thanks.

Thank you Lori! This helps a lot.

Thank you for the information. Any chance on doing a video about staying on disability and starting a non profit that makes no income? That seems to be where I am the most lost still with starting my non profit

I always thought of SSI, at least in my case, as a crutch and a theif. I received an EMT license in 2006 but I'm not allowed to work in Emergency Medicine. That's a waste of a license and of my time. It's also a waste of my money ($1,500). Since 2010, I designed over 60 tartan patterns and I want to start weaving many of those tartans to sell.

Great video...thank you so much...🌸🌸🌸

I've been on SSI my entire life, due to autism, but I also deal with pain and adhd and other things. I don't have ssd or ssa or ssdi..just ssi. Never had to pay taxes before. How much can I make with a business without my ssi check being reduced? Do I need to report it to ssi?

Great information! Thank you

I have SSDI and so far I have started a Phone Interpreting Independant Contractor job of less than 45 hours monthly! Let's see what they say when I report it? I only work 2 hours a week sitting on my bed! So there's nothing they can tell me that I physically working?🤔🤔🤔

Yes my goal is exit off provincial disability in Canada - Which is called ODSP (Ontario Disability Support Program)

Thanks for this message video I am looking to start a business but at the same time I don’t to be controlling with my money that why I rather start my own business

No not exactly. For SS Retirement: For those who are over 62 and under their full retirement age, there is an earnings limit (19,560 in 2022). For any amount above the earnings limit social security will withhold $1 for every $2 you earn over the limit. This is not a tax, it actually remains your money that will be returned to you over time if you live long enough. For people who have reached their full retirement age, there is no such penalty. There is a special rule for the first year that you reach full retirement age. If your total annual income as an individual is under $25,000 the social security portion of your income is not taxable. If your total annual income is between $25,000 and $34,000, up to 50% of the social security portion of your income is taxable. If your total annual income is over $34,000, 85% of the social security portion of your income is taxable. The maximum portion of social security income that is taxable is 85%.

super helpful thank you!

Great information. So I got a llc and because my husband is a w 2 worker my income will be included with his. My question is how would that effect my Ssdi . I just open up in oct of this year and mainly doing pop ups . Not near 600 a month. But wanted to go in stores? Only 36 and legally blind but I want to not depend on this put it’s funding my business.

Hi Lori. I know this is an old video but the information is great. I am wondering if I have to immediately fill out a PASS application. My business is really not making any money as of yet. I just started making candles and don't expect to make a lot of money but it gives me something to do. I know that in Texas you have to have a sellers license to be legit. You have to charge taxes on your products and pay taxes quarterly. Can I put off a PASS application until I am actually earning money from my business. The application is trickey because it asks about how much money you plan to make. If I say Zero then they won't approve my application but I may not make anything for months. If I gestimate $500 then they might think I actually have that money coming in.

What is consider work? If I become an coin loundeymat owner, is that consider work? How about if I rent a house and get income on it?

I received ssdi but want to start a nonprofit organization. And receive no income should I be okay or should I be the founder and let someone else run the nonprofit? I mainly visit people In the nurse homes and do annually events for Veterans Day and Christmas, and sometimes do events at children hospitals like arts and crafts

Hello Angela my question pertains to this topic I have bin on ssdi for like 11-12yrs. I was 37 when I was accepted & I agree when you said that you don't make alot of money on SSDI, actually works out to be 1/3 of what I was making pre- ssdi(44k)between ssdi & small pension and has bin a rough all along trying survive. I have always at busy at home tinkering with mechanical projects and started a very small backyard business I'm working on small engines like lawn mowers snow blowers etc that I started back in November 2019. It's roughly 800-1000 a month. Was going ok until april. March then once i finished a couple jobs. Its bin like wiped out i maybe had 2 small jobs since. Mostly because im vulnerable to being a covid-19 casualty if i caught so until im inoculated my little shop is shut down. I really miss the extra money can i get eid-el Grant or PPP and have a legal business while on disability

Reference to the $600. Is that monthly or yearly?? Or just once a person has made that amount? No matter how long it takes to earn??

Hi Lori, thank you so much for your info on this video. What if you build multiple streams of income from YT etc and are on Survival Disability? How much are you allowed to make?

Hi I have a question. I love to help other woman. A friend told me that I could take a like one person a week a coach then for about $10 a meeting. I want to try and do this. I could not take more then one a week. all I would be doing to helping them figure out what they want to do help with make a plan and then be there to talk to them if they need advice or incouragement. . I dont want to lose my money because it really hard for me to work all day everyday even If I had the weekends off

I have a question if I only make $100-200 in a few months will they cut my beniftswill they find out Will I have to fill out taxes I am with etsy

Hi Lori! I’m looking to start my own business! I know you said I can get my state I’d and federal. Does this also mean I can get a work permit?

Trial work period are much lower for 2018 its 850. If you make more than that for 9 month you will be dropped from ssdi?

Once you achieve FRA can you work without limits and just take Social Security?

Hi Lori, I hope I can articulate this enough for you to understand. My wife unfortunately was paralyzed this past February. She was working a full time job before the accident. She also started a side business with a partner in 2020 and they opened an S Corp. She's unable to work her side business but she is still getting quarterly dividends. She's also getting State Disability now and it will end in 2/2023. We haven't deposited any of the checks but I wanted to know if we can. I hope this makes sense. Thank you for this video and for any advice.

Hi Lori thank you for doing what you do. I am not able to work at all because of a bad knee and getting ready for surgery. I work for Instacart we deliver groceries, I also manage a venue for a nonprofit organization, I get paid $400. A month. Right now I’m not working at all because I can’t walk without a cane and very painful. So my question is can I apply for disability and if so how do I go about doing so? Thank you

I wander how much a couple would recieve monthly if both are on ssi?

I'm 31 yrs old; have been on disability since I was 18 months old, however I also get a check from my father as well. Together they're less than a thousand a month. I'm a Crafter...have been all my life, but I'm definitely not a pro at anything. I have recently gotten into Canva, when I was younger I loved using windows paint, so when I came across Canva I was happy again. I also love smash journaling/Scrapebooking and making bracelets and keychains. With that being said could I do something like print on demand products to be able to make some money to be able to but personal wants like craft supplies and organizers for it all?? I haven't been able to find anything that explains it good enough for me to understand it. Please Someone Help Me?!?

I gett ssi will they take my ssi away if I fill out a w9 cause I'm doing tcg player. Selling cards.. for like 100 bucks the most.. and everything else is like 8 dollars .20 cents.. and there for but it hardly ever goes 100 dollars..

Hello Lori . Can I get an LLC without messing up my ssi? I was thinking of just painting houses from time to time for some extra cash.

I have a question. Does social security look at the money you make before deducting supplys etc to make it or just the profit portion of selling a craft?

lf I lose my disability and my business fails, do I have to reapply and wait years to be re-approved?

Hey dear! Thanks for the video. I'm on SSID for 8 years. I want to attempt to start my own business. At what point t do I report to SSID. After I earn an income? Or during formation of the business?

There are things I would wish to know: What if all you have left after bills are paid is $65 and that has to go for household needs? If you are on SSDI, and can't leave home due to being a caretaker, how can you start a business with no money? If you are on SSDI and wish to leave dependency of it, would it be possible to start a business and declare that any money made through it beyond $15k a year belongs not to you but the business itself and then when so much money is acquired under the business EIN bank account you advance the business to a second more efficient and productive stage that would be able to sustain your financial needs from there on to the point where you can leave SSDI dependency? If this is possible to do, could you help me create a roadmap?

Ok I would like to ask a big question on this subject. I want to open a sports card shop. I will need one employee. My former income was Over $120,000 a year and odds are this shop will never equal that. Also my personal time per week will be less than 8 hours spent “working”. What is my best option. I am on SSDI and a Disabled Veteran. Also as with all hobbies income is only measured through profit correct. If I spend a $1000 and break even or profit only $100 for example

So I have 2 questions. I know someone who has 2 vehicles and want to sell them because they can't drive, do they have to report it? Also, they also have a house and need to rent a room, do they need to report that as well and will they loose their benefits. They are on SSDI

What about doing foster parent for one kid? I'm 64 years old onv SSDI

Hello, new subscriber here. I had a stroke back in 2012 and have been on disability since. I just recently completed a tax preparation course and want to start an LLC working from home. Will this affect my ssdi benefits even though the work would be seasonal? Or I can form the LLC, but make sure my income is within the parameters? Thanks for any help you can provide me.

i have a quick queston i have a hobby and want to know if it ok to do twitch it a live streaming communitty and want to know if that ok for ssi that it will not take my ssi or medicaid and it only paid 100 dollar and I am disable let me know when you get a chance

If I am on SSBI am working part-time as long as I stay under the earning limit. I should be fine, is that right?

What about doing art commissions and getting an LLC for the purpose of protecting my artwork? I'm in a wheelchair and reply on my disability for medical insurance.

What about a parent of a disabled child. Can parent have a home business and how will that affect ssi?

What did you mean towards the end when you said there's a difference between making $1,000 and being paid $1,000? Also wondering if there's anything in this video that is no longer relevant since it's kind of old

Where is your link?

is that $600 a month or over the year? 2021

Can I write while on SSI? Or make crafts?

Does ssdi look at the schedule C on my taxes to determine if I went over the amount? The schedule c deducts expenses.

What about ticket to work or telling them your working a business, then you automatically go back on ssdi if you get sicker again?

Could you sell on eBay?

How about the health insurance?

what about the money of being an author....

Can you put the business in your child’s name?

Help me plz

Wasnt really helpful since she made no distinction between ssi disability and ssdi disability

If I make $2000 a year doing online surveys for gift cards for sites like swagbucks will it affect my benefits