That's where I come in!
My nuggets of money, business, and life wisdom.
All intentionally written by me to help you step into your full financial power and potential.
Ready for an unpopular opinion coming from a money coach?
Therefore, from this point on, I give you permission to stop focusing on the money.
This week in Letting Go to Let In, we are looking at next-level feminine financial leadership through the lens of mindset. Money mindset, of course.
“Money mindset” is a buzz phrase in personal and professional development circles for good reason.
Your money mindset, as I define it, is divided into three parts:
Your money mindset drives your decision making, how you attract (or repel) money flow into your life, and it will have a big impact on whether you achieve your financial and business goals.
AND, for this week, I want you to let go of thinking about money.
If you have a big financial goal, a quarterly revenue number you want to hit, or an annual profit number you...
Stop doing the 80% of things that are only bringing in 20% of your revenue.
It’s the 80/20 rule you’re familiar with, but let me say it in “letting go” terms.
Let go of the 80% of things you are doing in your business right now that are only bringing in 20% of your revenue.
And if you feel those things are still important to get done, we’ve got a plan for that.
Oh, but you are not sure what those “80%” things are?
They are most likely your “D’s,” D for DRAINING, things from last week.
So you probably have a good idea, but this week in Letting Go to Let In, we will anchor into those things and create the space for powerful decision making to hand off some or ALL of these things to your TEAM.
I will walk you through a time-tested technique that most entrepreneurs and business owners will not sit down to do, BUT it makes such a huge impact. Make a little time to do...
Let’s agree as a community to stop doing this ladies.
Yep. I said it.
Being a people pleaser eats up more than your time, it eats up your capacity to create and attract.
When you get to a certain level in your business, your time is more valuable than squeezing every second for every last dime.
(And well, isn't it always? But it becomes more apparent, when you realize there is so MUCH you WANT to do in your business and only 24 hours in a day. That ain’t changing anytime soon.)
Your time becomes that much more precious as you scale your business and income, and that means you’re going to have to say a lot more “No” than “Yes”.
This week in the Letting Go to Let In challenge, if you haven’t guessed it, I am talking about the art of saying NO in your business.
No. No, thank you. Nope. Nada. Not today.
When it comes to money, most women equate money with safety, security, and/or freedom.
Security was, and still is, a huge value in my family.
I am the only entrepreneur in my family, so when I decided to start my own business, I remember excitedly sharing with my dad that I had graduated from coaching school, passed the exam, had all the hours and was ready to go out on my own as a coach. His reply: “Does that come with a pension?”
Haha… not funny Dad.
I thought about his response for days, telling myself, “No it comes with nothing. I am starting with nothing.” And I dropped into that familiar feeling of worry, fear and doubt that had plagued me for most of my life.
I had put the coaching program on a credit card, a hefty amount. I had no clients, and I was apprehensive about paying my monthly bills.
The story was reinforced that...
Money = Security.
And it does to a certain extent.
BUT there is something else that is even more important...
There is an incredibly repellent energy out there that slows down money coming to you.
It is steeped in desperation, future fears, lack, and comparison.
I had it for years.
I don’t know where it came from, and I don’t care.
I just knew at some point, I had to look at it.
What is it?
Impatience is a big repellent energy of money.
Impatience breeds resistance.
And if you are in resistance to money you are not in FLOW with money.
Flow and resistance are mutually exclusive.
How do you know if you are an impatient person?
How do I know this?
I am a reforming impatient...
Hey my friend… Do you know how much I have been thinking of you and how I can serve you?
Why? Because at one time, I had no one to talk to about my money, because I was embarrassed, ashamed, and thought, “Who would want to hear my problems?”
That is why I am here. I want to hear your money problems.
And an undercurrent of many of the money problems I hear from women like you is…
Not a topic most want to talk about and I believe it is a missing link to making the money you really want to make.
What is Underearning and are you an Underearner?
Underearning is when you earn less than you know you are capable of earning and you really desire to earn more.
You are not underearning if you are completely and honestly happy in the amount of money you make. Key word being honest.
If you are justifying underearning because you feel having more money will make you greedy or its not virtuous to make more money or you don’t need a lot.
I don’t think the word abundance came into my vocabulary until my 30s when I realized the opposite and brought this into my awareness:
Scarcity was the foundation of my core operating system for most of my life up until that awareness.
And when I noticed it was everywhere.
Scarcity was the perspective I took when I lost my job, when I lost my house, when I thought I was going to be homeless on the street, when I looked at my bank account.
It was the lens I looked at life through. Not a fun way to experience life as it produces fear, worry, and doubt and many of you may be feeling that way too right now.
Even when you want to make more money. Even when you want better in your life.
A scarcity mindset runs underneath it all and can sabotages your efforts.
So, what is a girl to do?
That Abundance is your birthright.
You may be aware of scarcity in your life.
You may not have labeled it as such, like I did, but when we have one end of the spectrum...
When my brother and I were kids, one of Our favorite summer trips was a day at Great Adventure in New Jersey.
We counted the days down on my dad’s calendar, we knew what we were going to wear and who we were bringing with us.
AND what RIDES we were planning on going on.
For me top of the list was Rolling Thunder: Great Adventure’s premier roller coaster.
For some being on a roller coaster at a theme park is exciting. (maybe it was a kid thing?)
For many of us being a financial roller coaster is downright no good. (possibly the most opposite of exciting.)
The financial roller coaster shows up in two ways and there are two ways to go about stepping off it and stepping on to the magic money carpet.
Let me walk you through the rest here…
The first financial roller coaster is the one in your bank account and is connected to how much money you bring in from month to month. The up, the down, the boom and the bust.
It is the one you SEE month to month.
It is frightening...
My top 3 ways to recession proof your business, AND just a quick pro tip: you want to be doing these all the time ANYWAY. They are just good standard financial control in your business.
1. Manage your Cash Flow: Cash Flow Management is KEY!! Revenue is vanity, profit is sanity and cash is QUEEN!
Understanding where the money is coming from and going out month to month is the foundation of a thriving, sustainable business. Ideas are great, I believe they are currency and they help create the value exchange of money, but if you do not know how much you need each month to keep the business alive and bring those ideas to life, you will be one of the 50% that fail in the first five years of biz.
Best practice: Start with identifying your monthly expenses. If you are new in your business, project what you think you will need each month. What is your bottom line of cash you need each month if no sales were to walk through the door?
2. Understand Your Accounting Software: Have a system...
Own. Your. Value.
One day, a year into starting my business, I hear a voice saying to me, those exact words.
They dropped into me like a lead balloon.
I inquired within, pondering to myself… “What does that even mean?”
"Own my value?"
The voice came from a coach or someone on a Facebook Live I was listening to.
I HAD heard it many times before, but this time it spoke to me at a deeper level. It dropped in.
And I listened. Curiously.
You know those times when you hear things and then you REALLY hear things.
Well, this was one of those times.
As a money mindset strategist and mentor to women entrepreneurs, this phrase does get tossed around often.
But, it was only at that point when I started to understand fully what it meant for me.
What I discovered...
Owning my value is allowing me to stand in my full financial power and potential.
Owning my value is a cellular level feeling of confidence; innate, unspoken,...