Imagine having $100,000 in cash saved up to go towards your retirement, protect your business in a downturn, or invest in real estate. How much anxiety would that take off your shoulders about your future? In this episode, I’m sharing four steps to generate $100K in savings from your business to make that stress-free financial future your reality.
Apply for the Millionaire CEO Incubator by September 10th for the Fall 2023 cohort!
Episodes mentioned:
35: Why $250K Is the New $100K
50-53: The Profitability Series
33: So I Once Had Over $55K in Debt… My Personal Money Story
Do you have a question or topic you’d like me to cover on the show? Click here to send us your submission!
In this episode, I cover:
0:00 What it means to save $100K - and why that specific number is important
9:46 Why you should apply for the Millionaire CEO Incubator
14:29 Leveraging the extra cash you have in your business right now
18:49 Figuring out how much you need to save in your business
24:41 Do you need to make more money in order to save?
30:36 Where to put your savings to maximize them
I’m Sarah Young - an entrepreneur, investor, and millionaire mentor for female founders! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, in addition to building my own successful agency, and I started the Profit + Prosper podcast to help you do the same.
Profit + Prosper will help you make more money, save more money, and set yourself up to retire early while upgrading your life - all in a way that’s fun and empowering. In each episode, I’ll share tactical, strategic, and mindset tips to grow your business, increase your profit, and truly prosper in your business and in life. I hope you’ll subscribe so we can Profit + Prosper together!
Connect with Sarah:
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