So at the start of the year I decided to switch my money management over to a zero budget, I discussed this last month in Zero Budget Method Changed My Financial Outlook and Life. After getting my finances to a zero each month with my budgeting skills one thing I want to make sure to do was be a month a head with my bills. I wanted to alleviate issues of stress if something happened in my business life. I will say making sure I was a month or more ahead with my bills does not include having a savings account for emergencies.
Being on the pursuit of financial freedom is one of the best decisions I could’ve made for my life. To be really committed to understanding money, my relationship with it, getting out of debt and much more. In the last, two months I have switched my finances over to a zero budget method and lets just say my finances have improved drastically in a short period of time.
The other day, I was in my bank doing normal routine stuff and happen to pop my head into Liz’s office. For the last three years of business Liz has been my personal and business banker at Bank of America. Our relationship started off by my former banker being promoted to assistant manager of the branch not leaving her with time to work one on one with clients.
Are you needing capital to fund your small business? That is a silly question right, everyone needs capital to fund their business if they want to keep their doors open. If money is not being made than its an expensive hobby. One thing, I hear new business owners talk about all the time is coming up with money to fund their ideas, passions, goals and dreams. Today, I want to share three steps to successfully crowdfunding your small business.
Have you ever thought you are lacking money to do xyz in your business or pay off your debt. I am betting that you never really thought about how the affordable luxuries are draining a hole in your finances verses helping you. Trust, I get the purpose of them they bring joy in the moment but those moments don’t last.
Paying off debt can make you feel all types of ways about the life you live. Going through all the stages of emotions every time you either pay off a bill. Some bill comes out of nowhere or you feel like you’re still drowning with no way to get ahead. Today, I want to share seven common mistakes people make when paying off debt.
We are well into 2016 and one thing every small business is grow their business. Increasing your businesses earning potential this year takes a couple things working together. It’s not just some simple “omg I want to make $10,000 a month” but didnt make $10,000 in sales in 2015 magic. Today, want to share some insider information on how I focus on increasing my earnings each year from the previous.
I remember a time I use to get super excited I was getting a tax refund. I was fresh out of college with no business of my own and a manager for a clothing store. My best friend and I would go buy Juicy Couture tracksuits and bags. Yes, that was me the girl with the hot pink track suit and shades on but no money actually really in her purse. The horror it all.
Running a business is hard work and making money to support your dreams matters. What matters even more is saving money. I use to be that girl who had no savings. Depending on her dad or siblings to bail her out of a jam. Thats not cool at all at any age over 21. Today, I want to share how I learned how to save additional $3000 a year without even thinking about it. There are a couple ways you can save or earn this money to save.
I know every time you log onto social media specifically Pinterest you see are bombard with graphics saying how to make $100,000 a year or some other large sum of money. Honestly, I do not want to just post one article on the subject of how to make that sum of money. Instead, I have decided to do a series on the subject matter. First, I want to share how to make $35,000 a year in sales. Then share how to make $50,000, $75,000 and finally $100,000.
There is a lot of things entrepreneurship has taught me in the almost seven years of running businesses. One of those things I was not expecting at all. Entrepreneurship forced me to become better at math if I really wanted to succeed in life. There was a time I believed in the stereotype that guys with pocket protectors were good at math and I would be destine to be horrible at.
Around the last week of December I was tweeting with Candice about student loan debt and more. Sharing how that year I had paid off $30,000 worth of debt. Well, thats the same plan this year. Paying off $30,000 worth of student loan debt. The exact amount is $28,667.89 which comprises of 5 separate loans. As mention in this article on tackling debt while a small business owner, I have a amassed a stupid amount of debt before I was even 25 and I am fixing it now. If all goes to plan I will be debt free before 32.