If you have been thinking about starting a business but are knee deep in debt then you may want to work on creating a plan to pay it off first. If you are like others, many feel the solution to financial woes is solely making more money. But truthfully, the ONLY way of achieving financial freedom is to first create a plan to identify where your money is going now, cut unnecessary expenses and then if needed, look for ways to increase income.
One of the BIGGEST mistakes most people make with money is focusing on the wrong thing to solve the financial problem. Let me be honest with you, my friends – if you have not learned how to manage your personal finances to stay out of debt, you are not ready to start your own business.
As a business and financial coach, I often see entrepreneurs struggling to make money because they make the same financial mistakes in their business that caused them personal finance issues. To help address how to achieve financial freedom before starting a business, I am joined by Tawnya Schultz of The Money Life Coach on this week’s Catch Your Money Podcast show.
Tawnya is a financial coach who teaches women how to master their money and financial mindset. As someone who once was deep in debt herself, she understands what it takes to create a financial plan and use that plan for achieving true financial freedom.
And she is here to share with you what she learned about the money mindset you need to have before starting your business.
Having your personal money mantra that you want to say
out loud is really powerful.” – Tawnya Schultz
Through her own experiences and working with her own clients, Tawnya teaches you how to master your money mindset first so you can move forward with your business ideas. By taking her advice and following her example you can get out of debt and get your finances in order.
So if you’re ready to achieve financial freedom while starting a business but you know your personal finances and mindset still need work, tune into this week’s episode. Tawnya will convince you that the best time to start a business is after you master your own money mindset.
Tune in now by clicking
[16:43] Three things you need to remember in order to stay out of debt when starting a business.
[22:52] Tawnya’s declaration that you need to write down and start using today.
23:42] What you must understand about yourself in order to break the habits that negatively impact your financial decisions.
[27:34] The first questions you start asking yourself to begin your journey.
Links Mentioned in this episode:
- Discovering Your God-sized Dream to Work for Yourself (workbook)
- Starting a Business That Banks (coaching program)
GRAB TODAY’S FREE RESOURCE
If you have thought or dreamed about having your own business and being your own boss, but maybe you’re not quite sure where to get started, then I want to invite you to download my free workbook Discovering Your God-sized Dream to Work for Yourself. Inside the workbook I’ll walk you through:
- How to gain clarity of what your unique gifts and talents are;
- How to use those very gifts and talents to serve others while making some money as a business owner;
- 4 of my favorite revenue models to generate money;
- Step-by-step guidance for how to determine which revenue model is the best one for you to choose; and
- My framework for starting the business that banks.
If this sounds like something you’ve been waiting for, then hop over to CLICK HERE to grab your copy now.
SHARE THE LOVE: If you are loving this show, would you be so kind as to do me 2 favors? Share this episode with a friend or two who you know will also benefit from today’s episode. Next, I’d be honored if you would take a few minutes and leave me a review over on iTunes of how the show has benefited you. Those reviews not only help me bring you better content, but they also help others find the podcast so they are blessed too. Just click here to review, select “Ratings and Reviews” and “Write a Review” and let me know your favorite part of the podcast. Thank you so much!
HANG OUT WITH LAURA ON SOCIAL
OTHER WAYS TO ENJOY THIS POST:
Download a Transcript Download on iTunes