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This week on the Creatives Do Money Podcast
Melissa and I talk all about her wild ride with personal finance, the strong emotional side of money, and the three key financial reports that lead us towards success in our businesses.
Melissa Houston is a Chartered Professional Accountant (CPA) in Ottawa, Canada, and a Business Financial Coach with over 20 years of professional experience. She enjoys helping entrepreneurs manage both their business and personal finances through 1:1 coaching and signature programs. Melissa is passionate about helping women reach their financial goals and is a regular contributor at Forbes.com.
Creatives Do Money Podcast Episode #15
Welcome to Creatives Do Money! Each week we explore the topics of everyday money management, solo business ownership, and how we are fueling our creative futures. I’m your host, Eowyn Levene, money coach, massage therapist, and watermelon enthusiast. And I’m on a mission to help you build the lasting financial stability that frees you up to do your work without hustling anxiously for the next dollar.
“money is the most emotionally charged topic that I’ve ever encountered”Melissa Houston on Creatives Do Money Podcast, Episode 15
Episode Summary
In today’s episode, Melissa and I explore the following questions:
Her own painful history with money managementMoney and emotionsThe crucial slog of the debt payoff journeyThe importance of knowing our business financial numbersHow a budget will save your butt, both in personal and business life
In this episode
(02:08) How childhood money patterns set Melissa up for financial struggle when an unknown emotional strain came up
What her mother unknowingly taught her about debtThe huge money crisis that Melissa hid from her husband out of shameHow working with a money coach transformed her life
(13:14) Melissa walks us through why knowing your numbers is crucial
The problems she saw in her small business clients during her 20 year career as a CPAHow you can go wrong if you don’t know your businesses numbers, especially income vs expensesBuilding a financial system for yourself in your business
“If you’re a business owner, and you don’t know your finances, it is essentially like driving blindly.”Melissa Houston on Creatives Do Money Podcast, Episode 15
(36:31) How to get to know your numbers
The importance of doing your own bookkeeping, even just for a whileWhat kind of software is best for your bookkeepingNever forget to refer to your bottom line
Connect with further with Melissa
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