Transforming Your Financial Approach: The Shift from Avoidance to Ownership

In this webinar replay, Emilie addresses common financial struggles of online business owners, focusing on the mindset shift from avoidance to ownership. She debunks myths around increasing prices and spending on ads, advocating for sustainable, scalable methods. Emilie emphasises the importance of understanding financial foundations, tracking income and expenses, and setting realistic revenue goals tailored to personal lifestyles. She shares client success stories, introduces her Overflow Formula™ for managing business finances, and details her program, Cashflow Confident, designed to help business owners take control of their finances, pay themselves consistently, and grow their businesses without financial stress.

00:00 Introduction and Agenda Overview

00:24 Common Misconceptions About Financial Growth

01:16 The Importance of Financial Foundations

02:04 Personal Financial Struggles and Realisations

08:20 The Shift from Avoidance to Ownership

17:42 Setting and Achieving Revenue Goals

23:48 Pricing Strategies for Business Success

30:40 Overcoming Pricing Fears

31:09 Understanding Client Accessibility

32:06 The Overflow Formula Explained

32:29 Cashflow Tracking and Management

34:33 Practical Bank Management Tips

35:17 The Importance of Financial Strategy

42:30 Introducing Cashflow Confident Program

44:45 Program Details and Benefits

49:30 Final Invitation and Q&A

✨ Join Cashflow Confident → https://emilienutley.co.uk/cashflow-confident/

💌 Get my emails, Not Just Revenue → https://emilienutley.myflodesk.com/

In this episode, Emilie emphasises the importance of addressing financial beliefs and fears, particularly how they stem from early childhood experiences and societal influences.

She explains that managing money isn't just about knowing the strategies but also shifting the underlying beliefs that drive financial behaviours.

Through a detailed explanation of neural pathways, Emilie illustrates how ingrained money beliefs can be reshaped with new experiences and evidence-based actions.

She stresses that effective money management skills are essential for fostering a positive money mindset and overcoming financial fears.

The episode concludes with an invitation to join her 'Cashflow Confident' program, aimed at helping individuals master both money management and mindset.

✨ Join Cashflow Confident → https://emilienutley.co.uk/cashflow-confident/

💌 Get my emails, Not Just Revenue → https://emilienutley.myflodesk.com/

In this episode of 'Fund Your Damn Life,' Emilie Nutley offers an in-depth breakdown of her Overflow Formula, a strategic financial management system designed for business owners.

Emilie addresses common questions, explaining the importance of regularly saving money to cover low sales months, pay off debt, and fund personal goals.

She compares her method to Profit First, highlighting why her approach is more practical for business owners who prefer simplicity and directness over micromanaging multiple bank accounts.

The episode underscores the necessity of tracking every business transaction to understand cash flow, debunks the myth of consistent monthly income in entrepreneurship, and emphasises the importance of building a financial cushion before paying off debt. Emilie also touches on the practical use of savings, advocating for a mindful approach to managing finances.

The episode is a call to action for business owners to become more financially literate, confident, and strategic, offering tools and support through her Cashflow Confident program.

✨ Join Cashflow Confident → https://emilienutley.co.uk/cashflow-confident/

💌 Get my emails, Not Just Revenue → https://emilienutley.myflodesk.com/

In this episode, Emilie Nutley walks viewers through the step-by-step process of using business revenue to fund a holiday without raising red flags with tax authorities.

She starts by calculating the holiday budget and emphasises the importance of having financial goals.

Emilie discusses two main strategies: saving a portion of her salary or utilising business overflow—the money remaining after all expenses, taxes, and owner’s pay are covered.

She highlights the significance of maintaining a healthy profit margin and making sure there's surplus cash (overflow) for unexpected costs or slower months.

Emilie also introduces the concept of trivial benefits for limited companies in the UK, allowing for tax-exempt vouchers that can aid in holiday funding.

She wraps up by encouraging listeners to align their financial strategies with their lifestyle goals, underscoring the importance of allowing oneself joy through strategic financial planning.

✨ Join Cashflow Confident → https://emilienutley.co.uk/cashflow-confident/

💌 Get my emails, Not Just Revenue → https://emilienutley.myflodesk.com/

In this episode, Emilie speaks candidly about the mindset and strategies around debt, specifically business debt but applicable to all kinds.

Emilie immediately dives into the topic of debt, emphasising that debt is a tool, not a moral failing. She uses her own experience to illustrate her points and demystify the shame often associated with owing money. Emilie explains the psychology behind debt, including the role of dopamine and scarcity mindset, and argues for shifting the focus from debt elimination to building savings first.

She shares personal anecdotes, like her challenges around food spending, and how addressing the root cause rather than the symptom led to better financial outcomes.

Emilie stresses the importance of creating a 'breathing fund' to cushion against financial stress and recommends focusing on savings instead of debt to break the cycle.

She concludes by teasing future episodes on leveraging business overflow and planning holidays using business funds.

✨ Join Cashflow Confident → https://emilienutley.co.uk/cashflow-confident/

💌 Get my emails, Not Just Revenue → https://emilienutley.myflodesk.com/

In this episode, Emilie Nutley tackles the crucial topic of paying yourself from your business. Emilie explains her 'overflow formula' and the 'three-account system' as foundational steps for financial stability.

She walks listeners through a detailed process of conducting a financial audit of personal and business expenses to determine a realistic owner's pay.

The discussion covers managing cash flow, prioritizing necessary and joyful spending to keep a healthy mindset, and leveraging AI tools for financial tracking—with caution.

Emilie underscores the importance of regular financial check-ins and offers insights from her 'Cashflow Confident' program, aimed at helping business owners implement effective money management systems.

This episode is filled with strategic advice and practical applications to help listeners navigate their finances confidently.

✨ Join Cashflow Confident → https://emilienutley.co.uk/cashflow-confident/

💌 Get my emails, Not Just Revenue → https://emilienutley.myflodesk.com/

In this episode, Emilie Nutley breaks down how business owners can manage their finances through a simplified one-bank-account system called the Overflow Formula.

Despite usually recommending the three-account method, Emilie shows how you can adapt it to one account by using digital spaces or pots provided by modern banks.

This system ensures all business income and expenses flow through one account, with separate allocations for taxes and overflow to manage excess funds. By setting a consistent payday and tracking a 'magic number' for expenses and salary, you can maintain financial stability even when your income varies.

Emilie critiques the popular Profit First method for being overly complicated with its five-account setup and highlights the importance of maintaining a sustainable mindset that's free from scarcity.

She also touches on real-life applications, offering practical steps and sharing client insights, while emphasizing that effective money management is about knowing and working towards your personal financial goals.

✨ Join Cashflow Confident → https://emilienutley.co.uk/cashflow-confident/

💌 Get my emails, Not Just Revenue → https://emilienutley.myflodesk.com/

In the kick-off episode of Fund the Damn Life, Emilie Nutley gets real with business owners about flipping the script. Ssing your business to fund the life you want, not the other way around.

She shares her no-BS advice on why paying yourself a consistent salary is non-negotiable, even if your income is all over the place.

Emilie talks about financial security, setting realistic goals, and avoiding the scarcity mindset that keeps you stuck.

She breaks down how to figure out your necessary expenses, track them, and reverse-engineer your sales to meet those goals.

Plus, she teases the next episode, where she'll share why you only need one bank account to manage your finances.

Get ready for some tough love and actionable tips to transform how you handle your business cash flow.

✨ Join Cashflow Confident → https://emilienutley.co.uk/cashflow-confident/

💌 Get my emails, Not Just Revenue → https://emilienutley.myflodesk.com/