We often think the “right” business decision is the one with the best numbers. But I had a moment with a client recently that reminded me: the truth isn’t always found in the spreadsheet. We were working through her cash flow and tax planning. The spreadsheet told us she should be setting aside about $900/month into her tax bucket. Logically, … Read More
How often should you check your bank account(s)?
“You can’t manage what you don’t measure.” -Peter Drucker Getting familiar with your finances is one of the foundational steps to gaining control over your personal money management. Too often, people navigate their financial lives blindly, only checking their credit card balances or bank statements sporadically. This habit usually leads to panic when they discover a shockingly high credit card … Read More
Color Coding System for Money Management (the 3 highlighter method)
I bought a house, started a business, and went through a terribly dramatic breakup that drained all of my accounts before I was 24. I had no money in my savings, $17,000 of credit card debt, and was barely scraping by with the income from my personal training business. I realized quickly this was no way to live. I knew … Read More
Creating Financial Stability in Your Personal Training Business
At the start of my personal training business, I remember thinking there was no way I could ever create a sustainable, repeatable income for myself. A client would cancel or reschedule a session, effectively pushing back their next payment. Shit. My car payment is due. There was always low-grade anxiety in the back of my mind when it came to … Read More