Money Tips CEO Babes Need to Know

Taking my business full-time opened my eyes to a lot of money blocks. 

When you have the security of a 9-5 job income you are more careless with your money - at least I was. I knew that there would be more coming in 2 weeks, and I didn’t feel the need to stick to budgets or track all my expenses. 

I wish I had known these money tips before I started my business… So whether you have a business or not, this is going to help you get a handle on your money. 

1. You need to figure out your money story. By the age of seven, you have already built your relationship with money based on outside sources.
   
   My money story/belief revolved around security. I needed to protect and hide my money from the world, which rippled into my self-care. I would deny myself simple pleasures like buying a $20 shirt or treating myself to Starbucks. This all stemmed from childhood experiences that didn’t even happen to me. As you may know, I grew up in Argentina where the economy is not very stable. I moved to Canada at the age of nine and by that point, my parents had been robbed upwards of ten times during my life span… So protecting my money was a survival mode I learned as a child.
   
   Prompts to help you figure out your current money beliefs:

   • How does money make you feel (right now)?

   • What are your beliefs about making money (right now)?

   • What fears do you have around having money? What is your first childhood memory of a negative experience with money? Go as far back as you can and get specifics?

   • What are your current money patterns/habits? Do you spend a lot of money or feel guilty about spending money?

2. Track your income and expenses. This seems simple but it is easy to do it once and then forget about it… then need up wondering where all your money went.
   
   The concept is not to pinch your pennies, but to make conscious decisions on what you want to spend your money on.
   
   We live in a consumer society. We are trained to want things even if we do not need them.
   
   Create a monthly excel to track your fixed expenses (rent, car insurance, visa bill, etc.), your desired/fun expenses (birthdays, manicure & pedicure), your business expenses and your income.
   * Make sure you check this every week or every pay cycle if you work a 9-5 job

3. Have enough money in your account to be at least 30 days ahead of your expenses. This means the money you make this month is actually the money you will spend the following month.
   
   This allows your mind to relax and get you out of the paycheque-to-paycheque mentality.
   The further ahead you can be the more security you build in your business and life.

Money is your friend. You need to build a healthy relationship with it which includes setting boundaries and committing. 

You are meant for great things. You got this!

If you want to take your income potential to the next threshold check out Nomad Living. I created this program to help amazing women like you create the life of their dreams by leveraging their business (or potential business).