Episode Summary
In this episode, I talk about the stress of financial strain during the holiday season. While the holidays bring joy, family gatherings and celebrations, they can also amplify tensions around spending, budgeting, and managing finances. Whether it's buying gifts or covering personal and business expenses, many find themselves juggling debt and anxiety. This week, I share actionable strategies to alleviate that stress, build financial clarity, and improve communication with your spouse about money.
In this week's episode I share some actionable strategies to help alleviate stress:
- Separate Bank Accounts: Why separating personal and business finances is critical for clarity and organization.
- Know Your Profitability: Tools and methods to track true profitability, from cash flow tracking to break-even analyses.
- Pay Yourself a Wage: The importance of compensating yourself consistently, even during lean years and how paying yourself can reduce financial stress at home and create predictability in personal budgeting.
- Take Money Off the Table: The value of rewarding your family and proving to yourself that your hard work has tangible benefits.
- Key Financial Questions to Ask Yourself:
- Does your business provide the lifestyle you want to live?
- Are you compensating yourself for the time and effort you dedicate to your business?
- Is your current financial system creating clarity or confusion?
Resources & Links:
- If you're looking for clarity in your finances to help make confident business decisions, click here to check out my free training!
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