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Welcome to today's episode of Financial Fluency. Today I have the lovely Shari Teigman from the Creative Soul Lab. Creative Soul Lab is a podcast that I absolutely adore, I've been on it before and I listen to it regularly.
Shari is a Transformational Coach and Soul Explorer focusing on creative business strategy. Shari works with people to help them to re-light the soul of their life and their businesses.
"Anyone who is a business owner, really has their soul tied up in their work"
By helping her clients lift the veil of groundhog day, of living how you're supposed to, controlled by all the should's and have to's and losing your soul along the way. Shari helps people walk their way home in their lives and in their businesses.
You can find the Creative Soul Lab Podcast here
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Hello, and welcome to today's episode of Financial Fluency.Today I wanted to talk about the idea that revenue can solve all problems or that income solves all problems. I've heard people say this especially in terms of businesses, that when there's a problem, generate more revenue and it will take care of everything else.
In our own personal financial lives, I tend to think that the income really is only half the story and I wanted to talk about this particularly because I've talked to a few women lately who have had significant debt and who have had issues with their finances but they are counting on an event, a launch, or something where there's either a large amount of income in a short period of time or in a lump sum, that is going to wipe all the debt out and take care of everything. And because of their expectation of this they don't want to put a plan in place in the meantime to start working on the debt.
So, I wanted to do this episode to talk about the idea that while yes, increasing your income can help in a lot of ways, I have talked to a number of high-earning women who still have a lot of these same problems,because something that happens both in companies and in our own lives is often as you increase your income you also increase your expenses and depending whatline of work you are in, those expenses can get really high.
This week I have Linda P Jones owner of Be Wealthy and Smart as my guest. I've been listening to Linda's Be Wealthy and Smart podcast for a little while now which has brought up some things that have been so interesting to me one of which was the crowd funding angel investing which I was very excited to speak to her about!
Low hanging fruit is stuff in your world that we can easily cut and then apply that money either to debt reduction or to increase savings.
Some great places to look right away are subscriptions. If you go to your PayPal account, your credit card and even your bank, go through the last couple of months of your statements and see if there are any regularly recurring fees or subscriptions, and take a really close look at those.
From the publisher's feed