Establish Clear Goals Identify Your Financial Challenges When I first began my journey with financial coaching, I was overwhelmed. I faced a lot of financial challenges that I wasn’t even sure how to articulate. It’s crucial to sit down and identify what specific obstacles you want to tackle. Are you in debt? Looking to save […]
Understanding Recurring Revenue Models What is Recurring Revenue? Let’s kick things off by talking about what recurring revenue really means. In simple terms, it’s income that you can expect to receive on a consistent basis. It might come from subscription services, memberships, or ongoing contracts. The beauty of this model is that it provides predictability, […]
Recognizing and Accepting Your Situation Facing the Reality of Your Spending Habits So, first things first, we’ve got to face the music on this whole overspending thing. I remember the days when I’d swipe that card without a second thought, convincing myself that “it’s just this one time.” But deep down, I knew I was […]
Hey there! If you’re anything like me, balancing finances can feel a bit overwhelming at times. But you know what? Creating a structured 90-day financial plan can really do wonders. In my experience, here’s how to break it down into manageable parts. Setting Clear Financial Goals Identify Your Objectives To kick things off, I suggest […]
Financial Security is More Important Than Wealth Understanding Financial Security When I think about financial freedom, the first thing that pops into my mind is financial security. It’s like the warm and fuzzy blanket you wrap yourself in after a long day. It’s the comfort of knowing that your basic needs are met, and you […]
Identify Your Core Values Understanding What Matters Most First things first, I’ve realized that to create a budget that truly speaks to me, I need to get crystal clear on what my priorities are. Is it travel, paying off debt, saving for a house? By identifying these core values, I can align my spending to […]
Understand Your Current Financial Situation Tally Up Your Income and Expenses First things first, you need to figure out where you stand financially. Grab a pen and paper or open up a spreadsheet, and start listing all your sources of income. This includes your job, any side hustles, or rental income. It’s super important to […]
Tracking my net worth has truly transformed my financial journey. I used to feel uncertain and overwhelmed when it came to my finances. Once I started recording my assets and liabilities, everything changed. Here’s why I believe tracking your net worth can be an incredibly empowering practice. Clarity on Financial Position Understanding Your Current Standing […]
Reflect on the Past Year Assess Your Financial Goals Alright, folks. One of the first things I do when planning my yearly financial reset is reflect on the past year. It’s super crucial to take a step back and look at the financial goals I set for myself last year. Did I meet them? Did […]
Understanding Direct Costs What Are Direct Costs? Let’s kick things off with direct costs. These are the expenses that you can directly tie to the creation of your offer. Think about things like materials, production costs, or services you hired out. This is the first step in calculating the real cost since it all starts […]