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Linda and Petra applied for the Paycheck Protection Program, but they haven’t heard back yet.

Welcome to Money Talks, a series in which we interview people about their relationship with money, their relationship with each other, and how those relationships inform one another.

Linda Freyer founded the Freyer Academy of Ballet in Wilton, Connecticut, in 1988; she now co-owns the studio with her two daughters Heidi Freyer and Petra Freyer Heinzinger. The business grosses around $134,000 annually, roughly $80,000 of which goes toward teacher pay. Linda, Petra, and Heidi pay themselves when they teach ballet classes; if there is net income left over at the end of a given month, they also pay themselves a small bonus.

Heidi is currently on maternity leave, but 69-year-old Linda and 34-year-old Petra came together to discuss how the dance studio became a thriving