Small Business Big Money

In this podcast episode, Gina Knox discusses the significance of having a million-dollar investing identity over merely achieving a million-dollar business. She emphasizes that wealth can be built without scaling a business and that many entrepreneurs mistakenly believe that business growth directly correlates with personal wealth. Gina encourages listeners to start investing in income-generating assets now, regardless of their business revenue, to secure their financial future and avoid the pitfalls of waiting for business success to achieve wealth.

00:00 - The Importance of Wealth Identity Over Business Revenue
03:12 - Breaking the Myth: Wealth Without Business Growth
05:59 - Building Wealth: The Path to Financial Freedom

Category: Wealth

Keywords: wealth identity, million dollar business, income generating assets, financial freedom, entrepreneurship, wealth building, business growth, personal finance, investment strategies, generational wealth

In this episode, Gina Knox interviews Cara Kovacs, a feminist business mentor, about her journey to wealth building and the challenges she faced after her father's passing. Cara shares her experience with a financial advisor who mismanaged her money and her decision to take control of her finances. She also discusses the process of dealing with her father's hoarded belongings and the unexpected and humorous discoveries she made. The conversation highlights the importance of understanding personal finances and the administrative work involved after a loved one's death. In this conversation, Cara shares her experience of grieving the loss of her father and the challenges she faced in handling his financial affairs. They discuss the emotional rollercoaster of grief, the need for self-compassion, and the importance of finding the lessons and growth in difficult experiences. They also touch on the desensitization to money and the arbitrary indicators of success in business. The conversation ends with a lighthearted discussion about Cara's father's unconventional will and their shared laughter.

00:00 - Introduction and Background
02:25 - Motivation for Working on Wealth Building
04:12 - Challenges with Financial Advisors
12:58 - Dealing with Personal Loss
15:31 - Arriving and Discovering Hoarded Belongings
21:14 - Humorous Discoveries and Anecdotes
26:06 - Grief and Administrative Work
27:48 - Navigating the Emotional Rollercoaster of Grief
32:06 - Finding Growth and Self-Discovery in Grief
37:04 - Desensitization to Money: Viewing Assets vs. Personal Worth
39:33 - Redefining Success: Moving Beyond External Indicators
43:08 - The Quirks and Humor of Unconventional Wills

Cara Kovacs is a Business Mentor for feminist progressive, heart-led service providers. Named as one of Wanderlust’s 35 Under 35 to Watch in Wellness, she has sold over $1,000,000 in coaching packages since 2018. With a background in feminist theory and social work, she graduated Magna Cum Laude from the University of Florida with a degree in Women’s Studies, where she did research on social justice and intersectionality before attending New York University’s Silver School of Social Work.

Dual certified as a coach, she specializes in bringing trauma-informed, ethics-based approaches to heal the toxic-capitalism, white supremacist BS that happens far too often in the coaching industry.

When she asked her clients what word they would use to describe the style of her work they replied with “Honest.” She takes business building, entrepreneurship, and online marketing and blends it with a humanizing approach that helps the anticapitalist, radical, progressive business owners out there heal their resistance to selling and scaling their services.

Website: www.carakovacs.com 
Instagram: www.instagram.com/carakovacscoaching 

Category: Wealth

Keywords: wealth building, financial advisor, personal finances, administrative work, hoarding, grief, grief, self-compassion, growth, desensitization to money, indicators of success, unconventional will

In this episode, Gina Knox shares her personal story of why she is passionate about entrepreneurs building passive income portfolios outside of their business. She discusses the importance of having multiple income sources and shares her experience of her father being forced to retire early due to illness. She emphasizes the need for financial stability and the peace it brings during difficult circumstances. Gina explains the basics of investing in the stock market and highlights the value of time in growing wealth. She encourages listeners to start investing as soon as possible, even with small amounts of money. Gina also discusses the benefits of having a passive income portfolio and how it can provide financial security for oneself and loved ones.

00:00 - The Story Behind the Mastermind
06:29 - The Value of Time in Investing
11:09 - Why You Should Start Investing Now
14:21 - Why Business Owners Need A Passive Income Portfolio
17:11 - Avoid Relying Solely on Your Business

Category: Wealth

Keywords: passive income, entrepreneurs, multiple income sources, retirement, financial stability, investing, stock market, time value of money, wealth portfolio, business owners

In this episode, Gina Knox addresses the challenge of having too many financial goals and priorities. She explains the difference between a financial desire and a financial priority, emphasizing that there are only three financial priorities: saving, debt payoff, and investing. She discusses how the traumatized brain often resists prioritizing and wants to fulfill all desires at once. However, she highlights that by focusing on the top three priorities, individuals can acquire all their desires over time. Gina emphasizes the importance of aligning desires with the budget and making sure that spending reflects personal values.

00:00 - Navigating Multiple Financial Goals and Priorities
01:25 - The Difference Between Financial Desires and Priorities
04:21 - Building Savings and Paying Off Debt
05:16 - Investing for Financial Freedom
08:35 - Aligning Desires with the Budget
11:10 - How You Spend Your Money is How You Spend Your Life

Category: Saving, Personal Finance, Budgeting

Keywords: financial goals, financial priorities, desires, saving, debt payoff, investing, budgeting, personal values

In this episode, Gina Knox discusses the importance of personal finance for business owners. She explains how personal finances can impact business finances and shares a client's story to illustrate this. Gina emphasizes that a personal budget can save a business by reducing expenses and increasing stability. She also highlights how a personal budget can dictate revenue goals and prevent burnout. Lastly, she discusses the dangers of lifestyle creep and the importance of reducing financial pressure on the business.

00:00 - Introduction to Personal Finance for Business Owners
02:23 - The Impact of Personal Budget on Business
07:06 - Aligning Personal Budget with Revenue Goals
13:20 - Preventing Burnout with a Balanced Personal Budget
17:18 - The Dangers of Lifestyle Creep and Financial Pressure
19:34 - Creating Financial Stability for Business and Personal Life

Category: Saving, Personal Finance, Budgeting

Keywords: personal finance, business finance, personal budget, business stability, revenue goals, burnout, lifestyle creep, financial pressure

I'm so excited to announce that the podcast is changing its name from 'Save 6 Figures with Gina Knox' to 'Small Business Big Money'. The change reflects a shift in focus from saving 100K to more foundational business finance topics. The three main reasons why small businesses close their doors prematurely are: not being profitable enough, not getting paid enough, and experiencing a cash crunch or unexpected bill. The new podcast aims to help small business owners avoid these pitfalls and build financial stability.

00:00 - Introducing Small Business Big Money
01:25 - The Three Main Reasons Small Businesses Close Their Doors Prematurely
07:03 - Optimizing Expenses and Managing Cash Flow for Profitability
08:53 - Paying Yourself a Fair Salary as a Small Business Owner
13:37 - Building Reserves and Access to Capital to Weather Cash Crunches
19:39 - Small Business Big Money: Helping Small Business Owners Build Financial Stability

Category: Entrepreneurship

In this conversation, sales coach Dielle Charon and financial coach Gina Knox discuss the topic of spending habits and outsourcing responsibility in business. Dielle shares her income trajectory and how her spending habits changed as her income increased. She reflects on the mindset behind her spending and the realization that she was outsourcing her responsibility to others. Gina emphasizes the importance of being intentional with spending and not blindly outsourcing tasks. They discuss the role of coaching in business and the need for a specific goal and alignment with the coach's expertise. Overall, the conversation highlights the importance of self-awareness and making intentional decisions about spending and outsourcing in business. In this conversation, Gina Knox and Dielle discuss the topic of feeling scammed and making financial mistakes. They share personal experiences of feeling scammed and reflect on the importance of listening to trusted advisors. They also discuss the concept of value and how it can be subjective, leading to feelings of being scammed. The conversation then shifts to the mindset around making mistakes and the importance of learning from them. They emphasize the need to have a positive mindset and not dwell on past financial decisions. They also discuss the role of wealth mindset and how it can impact financial decisions. The conversation concludes with a discussion on ADHD and its potential impact on impulse spending, as well as strategies for managing dopamine deficiency and finding healthy sources of dopamine.

00:00 - Introduction and Background
01:51 - Budget Breakthroughs
07:31 - Outsourcing Responsibility and Inner Child Decisions
13:06 - Coaching Investments: Aligning Goals and Expertise
18:11 - Evaluating Spending Decisions and ROI
22:57 - Selling with Your Strengths and Goal-Centered Investments
33:40 - The Importance of Specific Goals and Asking the Right Questions
36:32 - Coaching and Team Hiring: Making Informed Decisions
41:49 - Moving On After Mistakes
45:55 - The Impact of Wealth Mindset on Financial Decisions
55:00 - Managing ADHD and Impulse Spending
01:06:41 - Finding Healthy Sources of Dopamine

I empower women of color with high-converting sales strategies and generational changing mindset work all over the world to dismantle white supremacy, the patriarchy, and societal norms, by helping them build wildly profitable online coaching businesses. Those clients who have committed to doing the work, have seen the results that I have and are on their way to building the empires, legacies, and generational wealth they so deserve.

Website: https://diellecharon.com/ 

Social: https://www.instagram.com/diellecharon/ 

Podcast:  https://diellecharon.com/podcast/ 

Category: Money Mindset, Entrepreneurship

In this episode, Gina discusses building wealth outside of your business, avoiding lifestyle creep, and the difference between looking rich and being rich. She emphasizes the importance of paying yourself a living wage from your business, investing in income generating assets, and being intentional about your spending. Gina shares personal stories and highlights the risks of not building wealth as an entrepreneur. She encourages listeners to prioritize wealth building and make conscious choices about their financial goals.

00:00 - Building Wealth Outside Your Business
03:45 - Avoiding Lifestyle Creep and Being Rich
07:28 - Paying Yourself a Living Wage
10:19 - Investing in Income Generating Assets
13:39 - Choosing Between Looking Rich and Being Rich

In this episode, Gina discusses the importance of financial compatibility in relationships and provides advice on navigating differences in spending habits, risk tolerance, and ambition. She emphasizes the need for open communication, setting boundaries, and accepting each other's values. Gina shares examples from her own relationship to illustrate how couples with different financial values can still succeed by leveraging each other's strengths and creating systems that protect the relationship. She also highlights the significance of discussing financial values before having children and making decisions that align with shared goals.

00:00 - Introduction and Overview
02:21 - The Significance of Financial Compatibility
06:39 - Understanding Financial Values
09:56 - Navigating Differences in Values
12:41 - Creating Boundaries for Financial Success
18:57 - Avoiding Blame and Focusing on Shared Goals
23:07 - Discussing Financial Values Before Having Children
28:20 - Conclusion