361 – How Your Business Income Should Impact Your Personal Life with Erinn Bridgman

financial mindset for small business owners

Lack of a financial mindset is a very common block experienced by small business owners like us. And usually, nobody wants to talk about it – even though it can make or break the business. Well, buckle up because that’s the topic of today’s show.

You may gain some insight into yourself as we dive into the 5 reasons we tend to avoid numbers – our business financials that is. And that leads us to another big topic this is usually left out of financial conversations; how your business numbers transfer over to affect your personal life.

Obviously, there’s the income you make from your business for living expenses … but it’s more than that. Taking control and planning out your complete financial strategy, no matter how large or small the numbers are you are working with, can enrich your life more than you can even imagine.

As a money management and mindset coach, Erinn empowers female entrepreneurs to design a business that is not just profitable but actually grows their personal wealth.

Born with an entrepreneurial spirit, Erinn cut her chops by scaling her photography business to over six figures in under two years, affording her the capital to begin funding the real estate empire she and her husband now run.

Ever passionate about supporting women as they uncover their own potential and earning power, Erinn works with female business owners to not just scale their business but to use it as a means for building personal wealth.

When she’s not working with clients or finding her next investment property, Erinn can likely be found vacationing around the world and spending quality time with friends, her husband and daughter, Ava.

Strengthening Your Financial Mindset

  • Get really clear on the pricing of your products. Your hourly rate isn’t just about making the product. It’s also the materials and all the work you do to make, market, and sell the product.
  • Do not underprice yourself. Put the right price tag on your time.
  • If it feels weird to make money from something you love doing, remember – isn’t that the point?
  • Understand your money journey. Ditch the scarcity mindset. Develop your worth around money. Be confident to raise your rate.
  • Be conscious and strategic in making your business impact your personal life.
  • Understand your numbers. Create projections and analyze your numbers. Have strategic ways to allocate money to increase profitability and revenue. Figure out how to pay yourself a consistent salary. <– Tune in for more on this important topic!
  • Part of knowing your numbers is knowing your tax numbers. Know exactly how much you need to set aside for taxes.
  • Have a spreadsheet to input your revenue and your expenses. That would make it easy to see how much you have for profit. Revenue minus expenses equal your profit.
  • You need to be the CFO of your personal life, not just your business.
  • Understand your money goals and how your money will be used.
  • Have six different bank accounts for personal and for business. One of those is your tax account. Every month based on the profitability of your company, set aside that money right away into your tax business account.

5 Different Areas To Create Long-Term Goals

  1. Pay down debt
  2. Create bigger savings
  3. Generosity
  4. Investment
  5. Lifestyle improvement.

5 Reasons We Avoid Numbers

  1. “Not a numbers person”
  2. Afraid
  3. Toxic relationship with numbers
  4. Think it doesn’t really matter
  5. Don’t have the correct tools.

Listen to the full episode for so much more about taking control of your financial mindset!

Resources Mentioned

Erinn’s Contact Links

Website | Instagram | YouTube


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Transcript
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Gift biz unwrapped episode 361,

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You know,

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weird making money,

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doing what I love.

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Isn't that the point Attention gifters bakers,

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crafters, and makers pursuing your dream can be fun.

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Whether you have an established business or looking to start one.

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Now you are in the right place.

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This is gift to biz unwrapped,

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helping you turn your skill into a flourishing business.

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Join us for an episode,

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packed full of invaluable guidance,

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resources, and the support you need to grow.

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Your gift biz.

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Here is your host gift biz gal Sue moon Heights.

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Hi there.

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It's Sue and thanks for joining me here today.

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Are you like me?

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I'm getting antsy for spring to come last weekend.

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We set the time ahead.

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So we lost an hour,

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but I'm so looking forward to what's coming next.

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Every once in a while,

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I can even smell spring in the air.

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It'll be a bit yet before we can open the windows

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and let that fresh breeze in,

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but it's coming.

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What's also coming is tax season.

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And if you haven't already,

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you have no choice,

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but to turn your attention to numbers,

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your financials,

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to be exact,

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I know,

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I know bringing this up,

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prompts a little anxiety in me too.

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You may have experienced,

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or for sure you've heard stories about the nightmares of taxes.

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Some ignore the numbers all year and now have to gather,

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recreate, record and report all of their financial activities.

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And if this is you and you owe taxes that you're

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unprepared for well,

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that can send you scrambling our conversation today touches briefly on

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taxes. So if you're thinking you'll continue to avoid this topic

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a little while longer,

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stay tuned.

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What we really dive into is the five reasons we tend

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to avoid numbers.

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You may find some insight here for yourself as we go

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along. And of course,

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then we talk about what to do about all this too.

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The other big thing we cover is something usually left out

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of financial conversations.

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How your business numbers transfer over to affect your personal life.

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Obviously there's income you make from your business for living expenses,

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but it's more than that.

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Taking control and planning out your complete financial strategy,

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no matter how large or small the numbers are that you're

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working with can enrich your life more than you can even

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imagine Today.

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It is my pleasure to introduce you to Erin Bridgeman,

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as a money management and mindset.

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Coach Aaron empowers female entrepreneurs to design a business that is

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not just profitable,

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but actually grows their personal wealth.

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Born with an entrepreneurial spirit.

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Aaron cut her chops by scaling her photography business to over

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six figures.

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In two years,

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affording her the capital to begin funding the real estate empire.

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She and her husband.

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Now run note the word empire they're ever passionate about supporting

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women as they uncover their own potential and earning power.

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Aaron works with female business entrepreneurs to not just scale their

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business, but to use it as a means for building personal

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wealth while she's not working with our clients or finding her

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next investment property,

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Aaron can likely be found vacationing around the world and spending

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quality time with family,

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friends, her husband,

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and her daughter,

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Aviva Aaron,

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welcome to the gift biz on reps podcast.

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Yeah, I'm so excited to be here.

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Thank you.

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So You are like the perfect mix of business information that

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can kind of get us all a little bit anxious and

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product experience.

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So that's going to be really fun to talk about.

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Yeah. I love the blend of being a nerd and being

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a business and being a creative and having that spirit to

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It's going to be fun to talk about,

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but before we're going to do that,

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I have to do something.

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That's been a tradition here on the show.

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And that is to have you describe yourself in a creative

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way through a motivational candle.

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So if you were to envision a candle that really speaks

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and resonates everything,

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Aaron, what would the candle look like?

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I love this question.

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I've been thinking about this.

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So, okay.

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My candle is a part of a candelabra,

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which I think is important to note because I always surround

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myself with people and whatever,

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if it's my social circle,

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if it's in the business world,

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if it's my clients that I'm impacting,

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I've never burning alone.

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I'm always burning with others.

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And that's really important to me.

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And also a swirled color.

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Like the wax is all swirly and there's glitter in it,

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but I like to be creative and have a ton of

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fun. And the scent that goes off from the candle is

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just this really like earthy kind of chill.

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Cause I'm really working on tapping into my intuition and embracing

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flow. And so that's what I got for you.

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You've got a lot of levels go in there,

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Aaron. Oh boy,

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I've got to tell you,

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I love the part.

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The candelabra really threw me a little bit in the beginning.

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Like where in the world is she going with this,

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but working with others.

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Right. So often I think that we feel like,

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especially if we're an expert in our area that we should

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know everything and we can't possibly know everything working with others,

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collaborating and then also asking for support,

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I think is really important.

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Yeah. I'm all about that.

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Yeah. And multi-colored yes,

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because that's where you get your finance and products together.

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Got That.

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So definitely a lot to dig into here,

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but let's talk a little bit,

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I'm really,

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really interested to hear the product side of your past.

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So share a little bit about that with us.

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Yeah. So as you shared in my intro,

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I was a photographer at the beginning and as I started

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bridging into really impacting entrepreneurs and doing coaching,

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I created something called the bridge box,

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which was filled with products made by female entrepreneurs.

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And so I created a subscription box through that and wow,

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that was just so fun to get,

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to have a physical item that you knew was like shipping

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out into the world.

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And people were going to receive on our doorstep,

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happy mail is one of my favorite things ever.

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And so that was a really fun thing to be able

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to create and put into people's hands.

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And two,

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I've worked with clients who are product based and in the

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future, my dad and I are actually working on this is

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kind of like not out in the public yet,

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but we're working on launching a design align.

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So that would be product based as well.

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Oh, very cool.

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So the product avenue just keeps coming back and interjecting itself

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in your life one way or Goes Out,

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comes back,

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goes out,

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comes back a little Bit.

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What year were you doing the subscription box?

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Oh, that's such a good question.

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I think it was probably,

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it was like three years ago.

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Oh, okay.

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So almost well,

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I'm trying to think of fit that in because you know,

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subscription boxes are all the,

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are you right now?

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Yes. So right in the beginning or maybe after it's kind

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of taken off a little bit was when you started dabbling

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and doing yours.

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Yeah. People were like all about the subscription box.

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You were subscribing for everything.

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I mean,

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I think people still are,

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you know what I mean?

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We subscribe for our razors and for our groceries and for,

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you know,

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it's not the cons box,

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but yeah,

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I think,

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and this is typically my target of buyer loved the subscription

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box and being introduced to new businesses.

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The thing that's nice about that is people were already accustomed

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to the idea now of a subscription where when you catch

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kind of the wave in the beginning,

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you're having to educate people on the value of it.

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And then also the value of your products,

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but subscriptions like let's face it.

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I mean,

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people were doing subscriptions to health,

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clubs and apps on their phone,

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you know,

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all of that.

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Why not merge over to a product based Yep.

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Makes all the sense in the world.

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And then now you also have a real estate overlay here

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too. Yes.

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So back in the day when we had been scaling our

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photography business,

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my husband and I,

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we always say that we call our money soldiers and we

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always want our soldiers to be working for us.

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And we had saved up at the time,

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a lot of money for us.

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It was $18,000

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from our photography business.

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And we said,

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we could pay off one student loan with this,

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or we can buy an investment property that would pay off

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all of our student loans over a period of time.

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And that was back in 2014 and we jumped in and

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we have been evolving since then.

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And really in the past year,

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we've scaled an entire company to build our real estate empire.

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Wonderful. And is that where you really got the experience and

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the knowledge and the expertise of your financial side?

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You know,

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what, not really how I got that is more with all

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the coaching work I've been doing with women over the past

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five years.

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So I've been a business coach for about five years and

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I was really focusing on helping people with pricing strategy,

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helping them with sales strategy and marketing and mindset to really

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help them increase their business revenue,

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whether they were service-based or product-based.

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And as I kept doing that over the years,

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I saw a consistent pattern of a need for support with

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women, particularly around money,

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both mindset and management,

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particularly with creatives who tend to be pretty intimidated by numbers

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and data's and spreadsheets.

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And yet they were lighting me up.

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I'm like creating all these spreadsheets and seeing how much it

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can help that woman.

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And so that has what is just evolved into really honing

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into this money mindset and management side of things.

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Sounds great.

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And one of the reasons why I was very,

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very interested in talking with you is I know you've worked

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with a lot of product based businesses,

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so, you know,

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the financial end of that and where we tend to get

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stuck, what have you seen with some of the people that

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you've worked with,

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the candle makers in the painters and jewelry makers,

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all of that,

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where do you see they're getting stuck on the financial end?

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I see a couple of common themes.

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One is really understanding the pricing of their products.

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So looking at all the different ways that you need to

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think about the cost of your product,

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whether it's the actual physical material,

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the time,

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and getting a very clear and accurate number on that.

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And of course I have spreadsheets for us to do that

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with the product based businesses and really aligning.

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Okay. So what do you want your hourly rate to be?

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Because your hourly rate,

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isn't just in making the product it's in all the work

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you do to sell the product and go to the markets

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and all that kind of thing.

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And so really helping people get an understanding of when you

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sell that candle,

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what is your profit for that and about what is your

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hourly rate when you kind of put all the numbers together?

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So I think that's really important.

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Yeah. And this is an area where we so under price

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ourselves as makers,

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we don't put nearly right price tag on our time.

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And I think it's because we do this so easily or

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it used to be a hobby that we did for fun.

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So if we did it for fun,

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how could we possibly charge for the time now that we're

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a business,

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but you have to.

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Absolutely. And what happens is,

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is like,

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just like what you're saying,

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most people who are product based businesses,

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they kind of fell into it.

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It wasn't like they were,

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I want to be an entrepreneur.

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So I'm going to like,

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go start making this.

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They made them for wedding favors or they decided that they

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weren't going to hire someone to do it.

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They were going to do it,

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you know,

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different things like that.

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And then all of a sudden now they're like,

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oh, people will,

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the market's actually paying me for this.

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So I could actually make money from this.

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And I love it so much.

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So I feel weird making money,

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doing what I love.

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Isn't that the point,

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Yeah. The transition can be hard.

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You're right.

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Cause it was for a long time,

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one thing,

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and now it's turned into something else for profit.

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Right. And then there's obviously there's that component of it.

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And then there's also just like this worthiness around money.

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And do I deserve that?

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Will people pay that,

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you know,

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the scarcity mindset.

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And so that's why I love to dig into the money

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mindset of things and really understanding your own money journey and

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then doing the work to understand like,

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okay, well what would the market play?

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And what would your ideal client pay so that you can

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confidently raise your rates,

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knowing that it's going to do well in the marketplace.

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Yeah. You also take the whole money concept into a whole

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different level,

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which is really what I'd love to dive into today because

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you talk about,

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and I teach on this too,

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like making sure that your business is profitable.

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You know,

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all the things we've just talked about,

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you know,

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the product,

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making sure to account for your time,

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all of that,

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but you're also taking it to now.

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Let's just not have a profitable business.

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Let's talk about your personal wealth.

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Yes. I love talking about this.

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I could talk about it forever.

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I think a lot of times as coaches and as you

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see like the education field with businesses,

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it's really focused on like,

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how do we increase our business revenue?

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A lot about business revenue.

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Sometimes we get to profitability,

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which is obviously those are important things,

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but if we aren't taking our business and really hoping that

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transfer into our personal lives,

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we're kind of missing the point of the business.

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And of course there's different seasons in business where you need

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to be reinvesting back in.

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But then there comes a time where we have to make

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that switch and we have to get really conscious and strategic

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about taking our business and making it impact our personal life.

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And a really big way.

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I see entrepreneurs struggling with this is not paying themselves a

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consistent salary.

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They often pay themselves last.

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They kind of close their eyes and hope and you can't

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be proactive when you're being so reactive with how you're paying

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yourself. It's definitely a mindset thing.

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And I think you also,

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I'm guessing this is probably how you teach,

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but you'll have to share and tell me is you have

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to make a plan for it.

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Like, I'll see a lot of people coming in and maybe

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they're going to start a business out of their handmade product

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because they have a desire for something like they have a

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nine to five job already,

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but they're making a product on the side.

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They're recognizing that they could probably make some money off of

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that. Maybe a friend even mentioned it to them and suggested,

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gosh, you should be selling.

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They maybe go to a craft show and see that indeed

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they can make some money,

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but then it's toward something like a family trip or they

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want to get the house repainted or something like that.

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And it seems to me that when that actually can happen,

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then the light bulb comes on and it's like,

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oh, so my handmade product and money I'm making off of

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that really can affect my life.

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So now how could I do it in a bigger way?

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And that's what I see you focusing on is the bigger

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way. Absolutely.

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So I always say piles of green cash are not very

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motivating. And so if we don't have a specificity that we're

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putting our dollars towards,

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it's just like,

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what's the desire of fulfilling through this money.

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And so what I love to do is help people get

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very clear on their personal goals,

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whether that is just general lifestyle improvements,

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whether that means debt,

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payoff, savings plan,

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working towards getting money to work into investing.

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You know,

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some of your people maybe are right at the place where

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they're trying to decide if they can make this their full-time

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job. Can they quit that nine to five and really put

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it all into their side hustle and you can get really

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clear on that with numbers and knowing,

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okay, how much do I need to live?

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What is my monthly budget?

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Okay. And then what would my business have to be able

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to pay me to fulfill that lifestyle?

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Or what would I need to do?

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Okay. I have $20,000

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of student debt.

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Okay. We can get a lot of times people have debt.

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They don't even know how exactly how much or they want

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to buy this dream house,

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but they don't even know maybe exactly what the down payment

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is for that.

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And when we get super drilled in to that,

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and then we see,

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okay, how can our business,

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the profitability of it start to go towards those personal desires.

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You're going to be way more motivated to make that happen.

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Okay. So everything you just said there,

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I think are things that we I'm speaking generalities of course,

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but a lot of us just put blinders on because you're

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telling us now we need to look at the numbers.

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Exactly. And a lot of times I think we,

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maybe I'm really being general here when I say we,

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but I'm just thinking of things that I've encountered and seen

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with other people is they'll look at some numbers,

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but not the complete picture.

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Like they'll look at,

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oh, well,

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you know,

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I just made $3,000

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off a show this weekend.

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Well, that's fabulous.

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But did the show cost 5,000

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or did it cost 1000?

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So how much did you really make off the show?

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Not just top line revenue And not just that,

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but also like how much did it cost to make the

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product and then how much time did it take,

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you know?

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Okay. Then you can really make a decision on whether that

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was a good market or not.

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Yeah. So what was your true,

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true profit when you get down to it?

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Exactly. I think we've kind of framed the problem here.

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You know,

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the problem is we're not always looking at our numbers.

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There's huge opportunity out there with your handmade product,

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but we need to be able to form that bridge to

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go across.

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So could you put in some simple terms,

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maybe some concrete steps of how we do that.

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It sounds like you start with the pricing,

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right? Knowing the pricing of your product.

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Well, this is what I'd love to start with.

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I love being really concrete and really tangible.

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I know that's helpful for your audience.

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Very helpful.

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Yeah. Yeah.

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I would ask,

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talk about first,

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like what you touched on about like,

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we fear the numbers,

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we're avoiding the numbers and I've kind of brought it down

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to, there's like five different reasons why we are often avoiding

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our numbers.

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And so the first step I would say is to kind

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of figure out which one of these is you,

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because awareness around that is going to be the key to

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start stepping into different action.

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So sometimes we say we have what our numbers,

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because we're not a numbers person.

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I hear women say this a lot.

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Oh, you're just not good at math.

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I'm a numbers person.

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And I love to just totally push against this and say,

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nobody is born knowing numbers.

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Nobody is born knowing math.

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This is a skill that you can attain.

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And so if you're kind of using that as an excuse

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or as a label,

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I would say,

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okay, let's get some tools and get some coaching education that

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will help you feel supported in becoming a numbers person.

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Yes. And what I'm finding with numbers for business is we're

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not talking about algebraic equations like you used to do in

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school, you know,

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the X's and the Y's and calculus and everything else.

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We're talking about some pretty basic math.

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And then what that story tells you,

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what the numbers create for you.

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I think we just overwhelm ourself when we say math and

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I'm one of them,

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I'll say it,

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I fall into that.

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I'm not a numbers girl,

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but you know what I've learned to be because I have

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no choice.

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Yes. It's a skill.

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And when you move from making jewelry for fun to making

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it into a business right away,

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you are now making it about money,

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about numbers,

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about that.

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And so you've got to learn that skill.

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Okay. So I didn't mean to stop you,

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but I think a lot of people fall into that category

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and listen,

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it's adding and subtracting and hopefully it's a lot of numbers

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being added,

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But that's another story.

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Okay. Okay.

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So reason number one,

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you're not a numbers person.

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Number two,

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you're afraid.

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So you're actually afraid of maybe what you will see.

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So I think this is so interesting because with knowledge comes

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power and with the lack of knowledge comes fear.

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And so if you're afraid you're going to see something bad,

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it would be better to see the bad thing sooner.

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So you can correct it versus scale a super like non-profitable

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business. So I think that's really important to remember maybe somebody

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avoids because numbers have defined them in really unhealthy ways in

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the past.

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Maybe it's a triggering thing,

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whether it's the number on the scale or the number of

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followers on Instagram or whatever the case is,

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you just kind of have this toxic relationship with numbers.

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Maybe you think it doesn't really matter,

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which is probably the biggest issue if you,

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which I don't think most people would honestly say they're rubbing

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up against this because they know it matters at some level.

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And then sometimes it's not having the correct tools,

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not knowing you.

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Well, it isn't over complicated.

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If you didn't intend to go into business,

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it can be hard to think through exactly.

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Okay. How much do,

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what do I calculate for taxes?

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And how do I remember to include everything that I'm going

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out and how do I see cashflow in our business and

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different things like that.

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And so then you have a tool problem and you just

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need to have the right tools.

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And so I just wanted to start with that.

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Cause I feel like you brought that up.

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That's a really concrete sort of list to think through where

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do I fall into and then what can I do about

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that then?

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Okay, perfect.

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So I've captured them,

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but I only have four,

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not five.

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So see where I fell off here.

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Okay. Not good at math being afraid,

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thinking that it really doesn't matter and not having the right

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tools. What did I miss?

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You missed like numbers have defined you in like toxic ways

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before. Yeah.

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So a whole mindset thing.

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It might even be just subtle comments that were brought up

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in your childhood money.

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Doesn't grow on trees,

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or we can't afford that.

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Or any of these like subliminal things that you may not

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even know that you're affected by that.

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Yes. And that is a huge part of it.

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Right? We,

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your listeners have been alive for 20,

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30, 40 years and we have these messages that we've been

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putting on repeat that is forming our subconscious.

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And so when I work with people,

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I love for us to dig into what is your money

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journey? What has been your story around money?

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What have you been taught by society,

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by your peers,

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by your parents and what of it is good that we

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want to keep amplifying?

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And what is that is that we need to rewire.

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Right. And you know,

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if you don't look at this,

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it doesn't go away.

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It's still sitting there.

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So whether you don't feel like you have the skills in

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terms of the knowledge,

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whether you're just afraid to face those numbers,

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whether you aren't sure or you say to yourself that maybe

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it doesn't matter,

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all of these things doesn't mean that it doesn't go away.

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So if your numbers aren't set properly,

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you're still walking down the road to the same thing,

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whether you're recognizing and seeing and looking at the numbers or

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not Exactly.

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I love how you put that analogy.

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That's perfect.

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Okay. So we have to figure out how to look at

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our numbers.

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And I don't know if I want to go there.

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Totally. Aaron,

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you tell me because I really,

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really want to dive into some tax conversation because I feel

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like it's appropriate this time of year.

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We're sitting here in March,

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as people will be listening to this and taxes are right

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around the corner.

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So I'd like to dive into that conversation,

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but do we need to start somewhere else first?

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You know,

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I think it's all combined.

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So part of knowing your numbers is knowing your tax number.

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And a lot of times that is something that's neglected,

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especially early in business.

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And you take that $3,000

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that you just made up the market business revenue,

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and let's say 1500 of it is actual profit.

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And you've got to remember that you owe 30% of that

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to the government.

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And so really I used to say,

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when I was shooting weddings based on my tax percentage and

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whatever, it's like,

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oh, I shot three or four weddings for the government this

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year. Just like really understanding that is a significant expense for

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us as business owners.

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So really what we're saying is let's say that 3000 you

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take, let's say half of that,

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even including your time and your cost of goods and all

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of that,

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you had 50%.

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So let's say it's 1500 then that you have,

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that's not really true because a portion of that is going

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to go in taxes,

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Right? And if we keep kind of doing it,

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we do an average,

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we'll say 30% of that is going to taxes and then

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$450 is going to taxes.

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So you take that right off of your $1,500.

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And that is what you get to put in your pocket.

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So something that was $3,000

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is now $1,050.

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Okay. So I know this happens and you probably see this

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all the time.

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Erin is,

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we don't really think about it until it becomes right now,

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tax time.

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And maybe this is the nightmare.

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Okay. We've reinvested any money that we've made,

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not accounting for money that we're going to need to pay

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in taxes.

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And now all of a sudden we do our taxes and

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we see that we don't have the money to cover what

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we're going to.

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Oh Yes.

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And that happened to me about five years ago.

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And I had an $18,000

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tax bill that I had missed.

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Well, congratulations,

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because that means you had some good earnings,

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Right? It's like,

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that's a good sign and not so good right now.

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And sometimes we predict our tax payment off of previous years

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over not accounted for the fact that we just with our

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revenue, which was our goal.

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And we didn't double our tax payment and I'm on a

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mission with everybody that I work with that they'll never be

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surprised by a tax bill in the future.

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And so one thing I have people do is inside of

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my money matrix system,

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we estimate your tax percentage based upon your previous year.

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And then every month based on the profitability of your company,

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it will show you exactly how much you need to set

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aside in for taxes.

Speaker:

And I have a system where I recommend having six different

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bank accounts,

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some for personal,

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some for business.

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And one of those is your tax account.

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And so every month,

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based on the profitability of your company,

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you're putting that aside right away.

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And so you put that into your tax business account.

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So it's not even something that you can see as an

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operating money for you.

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It's set aside.

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And many times as you're moving from being earlier on into

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business, into maturing,

Speaker:

your accountant or bookkeeper or whatnot,

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is going to recommend that you start to pay quarterly taxes

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and I'm going to recommend it to,

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of course,

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like I say,

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I'm not a financial planner.

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I'm not an accountant.

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I'm not those things,

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but just seeing like habit and,

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and how this sets you up.

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Well, it's helps you plan and not have this crazy,

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huge bill that you haven't planned for us.

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Yeah. And having the peace of mind that it's already covered,

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you know,

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you have a system in place,

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you know,

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that it's covered,

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okay. Back this up for a second for us first.

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And I think a good way to talk about this would

Speaker:

be someone who's just starting because everyone,

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if when you're listening,

Speaker:

you can figure out an interject where you are along the

Speaker:

journey based on how big your business is or how long

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you've been in business,

Speaker:

et cetera.

Speaker:

But if someone is just starting out,

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what would you suggest as the right way to set up

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financially? Aaron will be answering this question after a short pause

Speaker:

to hear from our sponsor,

Speaker:

Hi, I'm Anita community manager for the ribbon print companies,

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customer support program.

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You'll also find me when I accompany suit to exhibit at

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trade shows where we get to meet many of our existing

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customers in person and introduce new people to the world of

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ribbons printing.

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It's always fun.

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Seeing the reaction people have during a demonstration,

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when a ribbon is created with their company name,

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a related image or their own message that they helped to

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design on the spot.

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They're always amazed that within seconds,

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their message will print right before their eyes.

Speaker:

Of course,

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that's rewarding for me too,

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as I get to enjoy the smiles and the excitement that

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this is even a possibility.

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And that's when they realize how easy it would be to

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do this in their stores too.

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So can you,

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you can personalize ribbon for your customers to celebrate birthdays anniversaries

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or whatever you like,

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but we're also seeing a lot of our customers use the

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ribbon printer for their branding by adding logo,

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ribbon, or labels to products or for flavor or scent designations

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to our number.

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One comment we hear when we're out with our customers is

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that the ribbon printer is a game-changing addition to any business,

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large or small.

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I'm proud to be part of the ribbon print company team.

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And I'm even more thrilled that we're there to ensure our

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customers, that they can use their printer with ease all while

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bringing in additional revenue along the way to learn more,

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go to the ribbon print company.com.

Speaker:

So, okay.

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I want to say for your listeners who are starting right

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at the beginning,

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one of the first things I want to,

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because, you know,

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I do work with people who are further along in their

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journey, but many times we're undoing things that like could have

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been, you know,

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if we were doing this in the beginning,

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it would have been great.

Speaker:

So your listeners who are at the beginning have an advantage.

Speaker:

And so I need to recommend that you have CFO meetings

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with yourself and at the beginning,

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maybe to get in a rhythm like every week.

Speaker:

And in that case,

Speaker:

you will be looking at your numbers.

Speaker:

You will be whether you're starting scrappy with an Excel spreadsheet

Speaker:

at the beginning,

Speaker:

but you are inputting what your revenue has been,

Speaker:

what your expenses has been so that you can see your

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profit. And that's really easy.

Speaker:

That's revenue minus expenses equals your profit and that you're updating

Speaker:

your Excel spreadsheet or whatever you're using to be able to

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see that.

Speaker:

And then a safe,

Speaker:

take 30% of your profit.

Speaker:

You can make a formula for that and put that into

Speaker:

a business account for taxes.

Speaker:

And every month you'll want to assess the profitability of your

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business for that month.

Speaker:

Start to see trends,

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things like that,

Speaker:

but right away through just surname,

Speaker:

I think you have to know those numbers in order to

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make any sort of decision,

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like, okay,

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I can afford to buy more wax or I can afford

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to invest in this piece of equipment.

Speaker:

You have to be working off of real numbers,

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not just the money in your pocket.

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Yes. Okay.

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I agree.

Speaker:

And Aaron,

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I'm going to tell you a story that is going to

Speaker:

make you turn white.

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Okay. If you've been listening to the podcast for a while,

Speaker:

you may have heard this story before,

Speaker:

but there was a point in time.

Speaker:

Now this is several years back now that I was working

Speaker:

with someone who had a brick and mortar shop,

Speaker:

and we got onto the conversation about finances.

Speaker:

I was doing an audit of her whole business,

Speaker:

and here we go,

Speaker:

she was hand penciling,

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her sales on a piece of paper.

Speaker:

And that was it.

Speaker:

That was all she was doing.

Speaker:

Are you white?

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Oh my gosh.

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Yeah. That makes,

Speaker:

gives me sort of like heart palpitations.

Speaker:

I know because I'm like,

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first off you have no idea where you're at and you

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have a lease.

Speaker:

So your overhead costs are much larger than if you were

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at home.

Speaker:

But also heaven forbid what if you were to get audited,

Speaker:

you have no trail at all.

Speaker:

So I like the idea if you're starting scrappy an Excel

Speaker:

spreadsheet, but I would way rather have someone right away invest

Speaker:

in some type of a system.

Speaker:

We need a system.

Speaker:

And I'm just going to say QuickBooks,

Speaker:

cause that's what I'm most familiar with and would recommend,

Speaker:

You know,

Speaker:

when we were talking earlier about adding and subtracting,

Speaker:

you don't even have to do that.

Speaker:

If you've got it set up,

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you just have to put in the numbers when they come

Speaker:

in or in QuickBooks case,

Speaker:

many times it'll just funnel in,

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you know,

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you can set it up to funnel in,

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Right. And that whole,

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you just have to enter it or you just have to

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look at it.

Speaker:

That's why I say right from the beginning,

Speaker:

you should be doing your CFO meetings where you have time

Speaker:

every week so that it's not like,

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oh, now you have to enter a ton of things because

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you haven't done it for a month.

Speaker:

Right. It's much easier and probable to do one week at

Speaker:

a time and just stay on top of it then to

Speaker:

kind of let yourself get buried with something that already overwhelmed

Speaker:

you. Right.

Speaker:

All right.

Speaker:

So Aaron,

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we get a bookkeeping system in place,

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whether it's an Excel spreadsheet,

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whether it's QuickBooks or a similar system and enter in,

Speaker:

like you were saying every single month or week,

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we know however you want to do it,

Speaker:

but on a regular basis,

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have a meeting with yourself.

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I think that also helps us get familiar and more comfortable

Speaker:

with the numbers too.

Speaker:

Absolutely. If we're doing,

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if we're putting them together and eventually as you get bigger,

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maybe you'll have someone else take over your bookkeeping.

Speaker:

Like I did.

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Thank God.

Speaker:

That was a day of joy and celebration when I was

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able to do that.

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But you know what?

Speaker:

I did it myself for a long,

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long time,

Speaker:

which helped me really understand the numbers,

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you know,

Speaker:

and profit and loss statements and all of that.

Speaker:

But so we want to do all of that,

Speaker:

but what type of record keeping should we be doing?

Speaker:

Like, do we need to save all of our receipts?

Speaker:

If it's already logged into QuickBooks or something,

Speaker:

Your accountant's going to tell you to save your receipts,

Speaker:

right? Because if you get audited,

Speaker:

that's going to be something that you're going to need to

Speaker:

have. They're going to be able to,

Speaker:

and an accountant is going to be,

Speaker:

and a following accountant on Instagram,

Speaker:

like doing stuff like that,

Speaker:

creative accountants is going to be really helpful.

Speaker:

They put out a ton of amazing tips and helpful things

Speaker:

for you to know and understanding maybe different jargon or different

Speaker:

particular nuances of the law and stuff like that.

Speaker:

So that you can feel like you're crapping yourself and doing

Speaker:

things right.

Speaker:

But from my understanding,

Speaker:

you're going to want to keep organized receipts.

Speaker:

You know what I did in the very beginning,

Speaker:

this was with a business that I don't have any more.

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I merged it.

Speaker:

Won't go into my business story here.

Speaker:

But when I first started on my own,

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I joined the chamber,

Speaker:

wanted to be part of networking groups and rubbed shoulders with

Speaker:

other people.

Speaker:

And one of the people there was an accountant.

Speaker:

And so what did I do?

Speaker:

I sat down with them,

Speaker:

you know,

Speaker:

we had a little,

Speaker:

I didn't pay,

Speaker:

I think I might've done a trade or they might've done

Speaker:

it for,

Speaker:

I don't even remember.

Speaker:

And we talked all this through,

Speaker:

like, what do I need to set up?

Speaker:

How should I set up?

Speaker:

What should I not be forgetting things like keeping receipts,

Speaker:

any questions that I had.

Speaker:

So that's an opportunity if you're part of a chamber who's

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there, who could answer a question for you or put you

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on the path.

Speaker:

And sometimes that might be at a charge and it's worth

Speaker:

it to get it set up properly.

Speaker:

Aaron, it sounds like that's some of what you provide,

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right? Just getting things going properly.

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Absolutely. And a part of like,

Speaker:

what makes me different from a bookkeeper or an accountant,

Speaker:

you need both at a certain stage,

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I believe.

Speaker:

And I love for people,

Speaker:

your P and L sheet.

Speaker:

That's what you're creating for the IRS.

Speaker:

That's accounting for every dollar every month.

Speaker:

That's what you're going to need to submit for taxes.

Speaker:

So having a bookkeeper,

Speaker:

having yourself do that is very important.

Speaker:

And then you give it to your accountant,

Speaker:

but that's just like one piece of being the CFO of

Speaker:

your company.

Speaker:

And so what I love to teach people and where I

Speaker:

move people to is really helping them understand what is not

Speaker:

just working cause PNL sheets and stuff like that.

Speaker:

It's very retroactive.

Speaker:

It's very like I've spent the money and now I'm allocating

Speaker:

for it.

Speaker:

Maybe I'm looking at what I used to do or what

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I used to spend seeing trends,

Speaker:

but what about really like thinking of the present to the

Speaker:

future? And so I like to help people start to really

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see, okay,

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start to create projections for their business so that they're automatically

Speaker:

going to then work to make more money,

Speaker:

start to see they be able to make really clear decisions

Speaker:

on, I do have the ability to outsource this now because

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I can see based on my numbers that I have room

Speaker:

for that.

Speaker:

And I'm going to be able to allocate that towards hiring

Speaker:

someone or towards hiring a bookkeeper or investing in that piece

Speaker:

of equipment.

Speaker:

And so those are things that no bookkeeper can do or

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accountant can do this and stuff that you have to do.

Speaker:

And so that's what I love to help people do is

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to really like understand their numbers,

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create projections,

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analyze the numbers,

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figure out how do you make yourself pay a consistent salary

Speaker:

and how do you up that salary?

Speaker:

And that's the business side that I love.

Speaker:

And then a piece of the conversation we haven't really touched

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on so much as all the personal stuff.

Speaker:

And I think that's something that is needed.

Speaker:

And that I love to talk about is you also need

Speaker:

to be the CFO of your personal life,

Speaker:

not just your business.

Speaker:

And we spend a lot of time talking now about like

Speaker:

your business numbers and all of those things,

Speaker:

and that's important,

Speaker:

but the whole point is to take your business summers and

Speaker:

bring them into your personal life.

Speaker:

And so I have a system where I teach,

Speaker:

how do we understand your personal numbers,

Speaker:

your personal goals put real actual numbers to that and then

Speaker:

have the numbers from your business transfer over to your personal

Speaker:

life. And so just want to say that,

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cause I think that's a really big piece of this that

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we want to develop beyond just the beginning and the basis

Speaker:

of P and L seats and things like that.

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I love that.

Speaker:

And really what you're doing here is forming a full picture.

Speaker:

Like you're talking about,

Speaker:

you have real estate investments and you're doing coaching.

Speaker:

You're your money mindset,

Speaker:

coach. Right?

Speaker:

All different types of things for hand made creators.

Speaker:

It might be you have a nine to five.

Speaker:

So you have revenue coming in from there.

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You may have your partner,

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who's making money.

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So that's coming into the personal account.

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If you're merging all of your money together,

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then you have your handmade business merging in.

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So that's how you get your full picture of your personal

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life finances,

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right? It all is coming together.

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Yeah. And that's the income part.

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And you can't know the income of your personal life unless

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you know,

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your business numbers.

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So that's why we dial that all in.

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And if we start to do things like projections and strategic

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ways of allocating money to increase profitability,

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to increase revenue,

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then we can start to increase your income to yourself,

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increase your personal salary.

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And so you got to do all that in the business

Speaker:

side, but then the financial personal side is yeah.

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Knowing all the different revenues that are coming in and getting

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a clear picture and then understanding your current monthly budget.

Speaker:

A lot of people I work with like very successful people

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don't know how much they need to live.

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And so really understanding what that is.

Speaker:

And then what is the upscale version of that?

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What is the next step,

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next level?

Speaker:

What are you wanting to walk into as a wealthy woman

Speaker:

and then understanding your short-term savings plan so that you're saving

Speaker:

all year for Christmas or you're saving all year for your

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home improvements or your car maintenance and that's those aren't accidents

Speaker:

you're prepared and then also creating a long-term financial plan.

Speaker:

And so that's where I talk about five different areas where

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you should create long-term goals.

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Each person's a little bit different,

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but based on that is your first goal to pay down

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debt. Is it to create a bigger savings?

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Is it to start investing?

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Whatever is it start to be more generous?

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Is it about like large lifestyle improvements?

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Those are kind of the five areas we look at and

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we assign dollars to those goals.

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And so if your listeners are full-time entrepreneurs,

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they are not given handed a 401k,

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they're not handed a retirement plan.

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And so while you,

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for sure,

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want to make the present work and make sure that you're

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living the life that you can,

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and you're cashflowing that lifestyle.

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You also want to think about your future.

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Yeah. And the earlier you start thinking about your future,

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the better when I was in corporate,

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I did any matching programs that I could because I didn't

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ever see that money to the point we were talking about

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earlier, if you just put it aside in a separate account

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or wherever it's going to go,

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you don't feel like you ever had it to be taken

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away. You've earned it,

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but it's sitting in somewhere else.

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And that has served me so well even to this day.

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And it didn't have to be a lot taken out at

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that point.

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It didn't even hurt.

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You know,

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I didn't feel like I was making any type of a

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sacrifice. And as I started seeing those numbers grow and then

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the ability when it became fully vested or whenever I had

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access to the money to be able to reinvest watching those

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numbers grow is so rewarding.

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And knowing that you have a plan for the future,

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you know,

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I'm getting closer to retirement now.

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So if I were to start now versus having started,

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then I wouldn't have been as far along we were starting,

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then it was pretty effortless to do.

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But having said that,

Speaker:

and you heard me hesitate for a second,

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it's never too late to start.

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Right. So no matter where you are,

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if you're not doing it yet,

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get started Right.

Speaker:

Start now it's better than starting later.

Speaker:

Yeah. So I love the five areas and I love the

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idea of talking about long-term goals.

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I heard you speaking about,

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you know,

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a give back component there to a cause you care about,

Speaker:

or whatever of course retirement is we were just talking about

Speaker:

or debt,

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payback, whatever your goals are.

Speaker:

Yep. So I teach five just to be really clear.

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So your audience can hear that it's debt paid down savings

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plans, and there's two levels of savings.

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Whether it's like emergency savings,

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you need to have that.

Speaker:

And then the longer term savings generosity.

Speaker:

So how do you,

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maybe you're wanting to use the power of money to give

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back in a certain way.

Speaker:

And so your goal is to make more money is really

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around that.

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And I think that's a very important thing.

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And then investments and then significant lifestyle improvements,

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whether that's upgrading your home or getting the boat or whatever,

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those are the five kind of financial longer-term goals.

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I like people to look at.

Speaker:

And obviously depending on where you're at in your money journey,

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certain things are going to be more important than others.

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Sure, absolutely.

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And so how do you work with clients?

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Is it group coaching with the concepts?

Speaker:

Is it one-on-one share with us a little bit about that?

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Yeah. So I run a,

Speaker:

something called the wealthy woman intensive.

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It's an eight week group coaching experience where we go through

Speaker:

both mindset and really dig it out of a whole money

Speaker:

mindset, sort of journey people go on through journaling and different

Speaker:

activities and group coaching teaching that I do.

Speaker:

And then I also go through our,

Speaker:

my money matrix system,

Speaker:

which is a system that covers both being the CFO of

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your business and your personal life.

Speaker:

And so there's lots of good spreadsheets and nerdy things that

Speaker:

are designed for creative.

Speaker:

So they're very approachable.

Speaker:

And so in eight weeks we get,

Speaker:

you dialed up both in your mindset and in your management

Speaker:

and you get to use those tools then for years to

Speaker:

come. And so within that program,

Speaker:

there's the ability to work with me a bit more one-on-one

Speaker:

or to do more of the,

Speaker:

just the group route.

Speaker:

And then after that people choose to kind of work with

Speaker:

me sometimes in a more one-on-one high touch capacity.

Speaker:

Okay. Wonderful.

Speaker:

And what would you say with people who come to you

Speaker:

in the beginning?

Speaker:

How are they in the beginning?

Speaker:

And what's that transition when they pull out of your classes

Speaker:

have gone through the group coaching class,

Speaker:

what's the value been to them?

Speaker:

And I will say this is a newer offering.

Speaker:

So I am actually just getting ready to,

Speaker:

you're starting again tomorrow are new,

Speaker:

but I've been doing this work with people one-on-one for years.

Speaker:

And I've just kind of evolved into more of a group

Speaker:

program. I would love to maybe share a couple of actual

Speaker:

client stories if that's okay.

Speaker:

Cause I feel like that helps people relate.

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Yeah, that'd be great because I'm interested in the value of

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doing this because,

Speaker:

and my motivation here is someone who's listening.

Speaker:

Who's like,

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yeah, yeah.

Speaker:

I buy in.

Speaker:

I understand.

Speaker:

I understand.

Speaker:

And then we get off and are all done with this

Speaker:

podcast and it kind of gets forgotten.

Speaker:

So I think understanding the value and what this helps you

Speaker:

with inside your life could be really,

Speaker:

really interesting to listen to.

Speaker:

So yes,

Speaker:

if you have a few examples,

Speaker:

I'd love to hear them.

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Yeah, I'll do that.

Speaker:

So I think we have these dreams inside of us.

Speaker:

And many times the dreams inside of us are tied to

Speaker:

money. Whether it's,

Speaker:

I want to go full-time into this business or I want

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to retire my husband,

Speaker:

or I want to have a bigger home or for all

Speaker:

the kids that want to have or whatever the case is,

Speaker:

what a lot of those junior lava schools all have a

Speaker:

monetary value attached to them.

Speaker:

And so a lot of times,

Speaker:

so a couple of clients stories.

Speaker:

So one client I worked with got a year and a

Speaker:

half ago,

Speaker:

her vision was,

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she wanted to retire her husband.

Speaker:

She went to be able to bring him home.

Speaker:

She has four kids.

Speaker:

And so at that point it felt like a very far

Speaker:

off dream.

Speaker:

And within about a year of working together,

Speaker:

we were able to make that dream a reality.

Speaker:

And that was through this type of work,

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through her belief,

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in what she could bring in,

Speaker:

in her company.

Speaker:

She was stretching herself at a number of like 6,000.

Speaker:

And she's tripled that number since the time we've worked together,

Speaker:

we're together a couple of years now,

Speaker:

but not only that though,

Speaker:

she understood her numbers and her cashflow in our personal numbers

Speaker:

and her business numbers and why her husband was bringing in

Speaker:

and what she would need to do in her company to

Speaker:

bring in that.

Speaker:

And she was able to like,

Speaker:

not only increase her business revenue,

Speaker:

but know all of the facts to retire her husband.

Speaker:

I just jumped for joy for that.

Speaker:

That's amazing.

Speaker:

You hear stories like this and the truth is this doesn't

Speaker:

just happen overnight.

Speaker:

It only happens with a plan.

Speaker:

Absolutely. And that's what you're doing is you're providing,

Speaker:

you're looking at the unique situation of anyone that you're coaching

Speaker:

or have them look at it.

Speaker:

If it's in a group coaching environment,

Speaker:

right. Understand where they are,

Speaker:

think of what their goals are,

Speaker:

all your goals that you were mentioning and then figuring out

Speaker:

a plan to get there and not just wishing that it'll

Speaker:

happen. And when I say a plan like I'm very practical

Speaker:

and these tools are very specific.

Speaker:

So it's like literally seeing here's your overflow from your personal

Speaker:

life. We have $790 this month and we've strategized your financial

Speaker:

large goals.

Speaker:

And we know where to put the $790 and we're literally

Speaker:

putting it onto the next tab of the spreadsheet.

Speaker:

And it's calculating it,

Speaker:

showing you how much you've progressed towards that goal.

Speaker:

And just to get really specific.

Speaker:

And it's understanding your business enough to see,

Speaker:

okay, we can actually see cashflow based upon your actual book

Speaker:

and your projections.

Speaker:

And so we know it's going to be safe in two

Speaker:

months for you to move your salary from 4,000

Speaker:

to $5,000.

Speaker:

And so let's put that extra thousand into our personal side

Speaker:

of our matrix.

Speaker:

Oh, now we have the next month we have $1,580

Speaker:

leftover. Okay,

Speaker:

we're going to put that towards this particular financial goal.

Speaker:

And so it's very drilled in and very practical.

Speaker:

It's not this,

Speaker:

it becomes right.

Speaker:

We take it from this hopeful,

Speaker:

ideal thing to a real goal,

Speaker:

with a real number,

Speaker:

with a real plan to get there,

Speaker:

Which is so exciting because you already see how the future

Speaker:

is achievable.

Speaker:

You see the numbers on the paper.

Speaker:

Yes. What the one gal,

Speaker:

this is another really fun story from the last program.

Speaker:

They had been her and her husband and her son,

Speaker:

her little boy had been looking for their next house for

Speaker:

like a year with an in the market's crazy here in

Speaker:

Indianapolis. And so for a whole year,

Speaker:

they're like getting really discouraged.

Speaker:

And I mean,

Speaker:

obviously we talked to him just a little bit because I'm

Speaker:

in real estate so I can empathize.

Speaker:

And she said at the end of the,

Speaker:

where as you're wrapping up the program,

Speaker:

she was like,

Speaker:

I just have to say this.

Speaker:

I have to say that because of the work we did

Speaker:

in this program,

Speaker:

I am able to know that I can build my dream

Speaker:

home, that we can afford it.

Speaker:

And she's working with a builder currently and they're building their

Speaker:

dream home.

Speaker:

She was like,

Speaker:

if I didn't do this work,

Speaker:

I would have never known me because I've done this.

Speaker:

I would have never stepped into this,

Speaker:

but I know.

Speaker:

And so cool.

Speaker:

Like we do the mindset work where she's been writing down

Speaker:

her future manifestation of this particular for her office,

Speaker:

her room with French doors and like natural light,

Speaker:

just beaming in.

Speaker:

And she's like,

Speaker:

the builder is working with me to make that very room.

Speaker:

I know I'm just like,

Speaker:

this is why I do this work.

Speaker:

It's real women having real breakthroughs.

Speaker:

And I think too,

Speaker:

I want to say like the mindset component is so huge

Speaker:

and women coming onto calls and being vulnerable and crying.

Speaker:

And one of the women in last group was talking about

Speaker:

how she's like,

Speaker:

wow, I didn't know.

Speaker:

I had so much like mindset stuff around money.

Speaker:

And she's like,

Speaker:

as I'm drilling into this,

Speaker:

I'm noticing how my mom treated herself and how my mom

Speaker:

treated herself with money.

Speaker:

And I am running up against the same sort of thing

Speaker:

where I'm having this worthiness complex,

Speaker:

where I'm like,

Speaker:

well, I'm not worthy.

Speaker:

She really wanted to buy a Peloton and she knew she

Speaker:

could afford it,

Speaker:

but it was as she dug into it,

Speaker:

why was she was having resistance?

Speaker:

It was around this worthiness that she had been modeled,

Speaker:

but her mom just sacrificing wasn't worthy of things like that.

Speaker:

Wasn't worthy to be splurged on.

Speaker:

And she was living that out and she was like,

Speaker:

I do not want to live that out from my daughter.

Speaker:

Right. And so I'm drilling into this wordiness and really seeing

Speaker:

where is this coming from and how can I retrain myself?

Speaker:

And of course she bought the Peloton and that's amazing,

Speaker:

but what's more amazing is the work that she did to

Speaker:

like start to really receive worthiness.

Speaker:

And that's even more why I do this work.

Speaker:

Is that personal transformation that happens for women.

Speaker:

Beautiful. Yes.

Speaker:

I love that.

Speaker:

I'm just going to go back.

Speaker:

Cause I just want to reference what you were saying also

Speaker:

with this last example,

Speaker:

is that so often,

Speaker:

like let's go with the home improvements,

Speaker:

right? You feel like you spend the money and it's like,

Speaker:

gosh, I hope I could afford this because you haven't looked

Speaker:

at your numbers.

Speaker:

And so you're throwing money and saying,

Speaker:

I'm just going to figure it out one way or another.

Speaker:

And so you're so stressed thinking about whether you can afford

Speaker:

it, that you don't even really enjoy what's happening along the

Speaker:

way. Yes.

Speaker:

And aren't excited and appreciative and looking forward to it.

Speaker:

You are initially,

Speaker:

but then you're like crap because it's going to bankrupt me.

Speaker:

Like I don't even know,

Speaker:

or how much do I even have available that I can

Speaker:

spend. And all of that gets wiped away.

Speaker:

It sounds like with the type of things that you're teaching,

Speaker:

you know,

Speaker:

and the way it goes from business to personal,

Speaker:

to fulfilling the goals in personal and moving forward.

Speaker:

So, so much value there.

Speaker:

Aaron, I love it.

Speaker:

Oh, thank you.

Speaker:

Yeah. You get to be in the driver's seat,

Speaker:

right? This is you starting to really say like,

Speaker:

yeah, you're going to build a house and your dream house.

Speaker:

You're going to step into that with confidence and with knowing,

Speaker:

Hey, I can afford it.

Speaker:

I'm a boss.

Speaker:

I've got this,

Speaker:

you know,

Speaker:

versus like,

Speaker:

geez, I hope closing your eyes and open.

Speaker:

And Brian,

Speaker:

you know,

Speaker:

that's very different vibe and energy And setting it a different

Speaker:

example for the future for your children as well.

Speaker:

Yes. I always say this and I think this is like

Speaker:

wealthy women will change the world.

Speaker:

And that's why I do this work.

Speaker:

And I believe that statistically,

Speaker:

you know,

Speaker:

that women are more altruistic when it comes to money.

Speaker:

But I also say that because wealthy women,

Speaker:

the work that we have to do internally in order to

Speaker:

come at numbers differently and money differently,

Speaker:

it creates a changed woman.

Speaker:

And also I like to blow it out to even a

Speaker:

bigger picture of like,

Speaker:

this is a societal movement.

Speaker:

This is a change.

Speaker:

You know,

Speaker:

it wasn't a hundred years ago,

Speaker:

less than a hundred years ago,

Speaker:

a woman can open a bank account by herself,

Speaker:

less than a hundred years ago,

Speaker:

a woman could have her own credit card.

Speaker:

I mean,

Speaker:

we're very like if we look at society and what women

Speaker:

have been up against us,

Speaker:

stepping into this new version is not just for us and

Speaker:

not just for maybe the generation that comes after us,

Speaker:

but it's about something much bigger.

Speaker:

And I just love to like,

Speaker:

show that so that people can like step into this with

Speaker:

like real belief in what they're doing.

Speaker:

We were talking a little bit about some of the things

Speaker:

you have coming up.

Speaker:

Do you want to share that with us?

Speaker:

Sure. I would love to.

Speaker:

Okay. So this is Erin middle of March.

Speaker:

So I would love for people to sign up.

Speaker:

You can get on the wait list so you can sign

Speaker:

up for the wealthy woman workshop.

Speaker:

This is a three day intentional kind of program where it

Speaker:

that's totally free where we talk through,

Speaker:

how do we think plan and show up like wealthy women.

Speaker:

And I'm super action-oriented there's video trainings.

Speaker:

There's worksheets.

Speaker:

We do it as a group.

Speaker:

It's really fun.

Speaker:

So I'd highly recommend your audience doing that.

Speaker:

And then also there's a free,

Speaker:

wealthy woman checklist that helps you get really just kind of

Speaker:

all the things that we talked about.

Speaker:

Although floating things about bank accounts and knowing this and that

Speaker:

and your personal business it's all very organized for you there.

Speaker:

So I'd highly recommend that your audience grab that A good

Speaker:

first step into getting to all the things we talked about,

Speaker:

even if you've been very focused on your business finances before,

Speaker:

but making that leap and merging it,

Speaker:

how your business finances affect your personal and then adding in

Speaker:

that layer of goals,

Speaker:

where else online would you send people to go and see

Speaker:

more about you?

Speaker:

Yeah, so I'm most active on Instagram,

Speaker:

so you can find me and follow me there.

Speaker:

It's Erin underscore Bridgman.

Speaker:

My name is spelled different.

Speaker:

Cause my parents have to do that to me,

Speaker:

I guess.

Speaker:

So it's Erin E R I N N underscore Bridgman B

Speaker:

R I D G M a N.

Speaker:

Perfect. And of course that will be in the show notes.

Speaker:

So if you're out driving,

Speaker:

walking around,

Speaker:

aren't able to make note of that.

Speaker:

You can always access the show notes for that as well.

Speaker:

Aaron, this has been absolutely fabulous.

Speaker:

Thank you so much for coming on the show today,

Speaker:

sharing with us all of your knowledge expertise and some concepts

Speaker:

we really haven't talked about before that can enhance our life

Speaker:

overall. It was an honor.

Speaker:

Thank you so much.

Speaker:

Interesting discussion.

Speaker:

Yes. Even though it's important to separate your business numbers from

Speaker:

your personal finances for documentation purposes,

Speaker:

let's face it.

Speaker:

We're in business ultimately to add to our personal accounts when

Speaker:

those dollars crossover their potential to add to the quality of

Speaker:

your life and your future is something certainly not worth being

Speaker:

left to chance.

Speaker:

Next Saturday,

Speaker:

we're talking with an ex pat mom who has turned her

Speaker:

creative skills into over 10,000

Speaker:

Etsy sales that you'll want to tune in for that.

Speaker:

And finally,

Speaker:

thank you so much for spending time with me today.

Speaker:

If you'd like to show support for the podcast,

Speaker:

let me know how it's helped you.

Speaker:

Something new you've learned or a topic you'd like to learn

Speaker:

more about.

Speaker:

Just add it as a review.

Speaker:

I read everyone personally and absolutely use suggestions as guidance for

Speaker:

new guests and topics.

Speaker:

There are other ways to show support for the podcast to

Speaker:

visit our merch shop for a wide variety of gift biz

Speaker:

paraphernalia like mugs,

Speaker:

t-shirts water bottles and more featuring logos and quotes to inspire

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Speaker:

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Speaker:

Take a look@alltheoptionsoveratgifttobizunwrapped.com

Speaker:

forward slash shop all proceeds,

Speaker:

help offset the costs of producing this podcast and now be

Speaker:

safe and well.

Speaker:

And I'll see you again.

Speaker:

Next time for the gift biz unwrapped podcasts.

Speaker:

I want to make sure you're familiar with my free Facebook

Speaker:

group called gift is breeze.

Speaker:

It's a place where we all gather and our community to

Speaker:

support each other.

Speaker:

Got a really fun post in there.

Speaker:

That's my favorite of the week.

Speaker:

I have to say where I invite all of you to

Speaker:

share what you're doing to show pictures of your product,

Speaker:

to show what you're working on for the week to get

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reaction from other people and just for fun,

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because we all get to see the wonderful products that everybody

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in the community is making my favorite post every single week,

Speaker:

without doubt.

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Wait, what aren't you part of the group already,

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if not make sure to jump over to Facebook and search

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for the group gift biz breeze don't delay.

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