On this episode of the Wake Up & Be Wealthy show, Nellie is talking about How to Shift Your Money Mindset - Day 1
We will touch on:
We hope you've enjoyed this episode, because you totally deserve it. We are hear cheering you on and hope to have you back tomorrow for another fresh and juicy episode! Don't forget to subscribe, follow and leave a five-star review wherever you are listening. Make it a great day!!
On this episode of the Wake Up & Be Wealthy show, Nellie is talking about How to Shift Your Money Mindset - Day 1
We will touch on:
We hope you've enjoyed this episode, because you totally deserve it. We are hear cheering you on and hope to have you back tomorrow for another fresh and juicy episode! Don't forget to subscribe, follow and leave a five-star review wherever you are listening. Make it a great day!!
It's time to huddle up. Welcome to the Money shift, I am so excited that you are here for the next seven days with me, it's you and me. And focusing on your business, this is going to be the best business, reset, refocus, and re energize to move you forward to make you more profitable to increase your productivity and decrease the amount of time you're spending on your business. I don't want you to have a huge business that is just consuming your whole entire life and exhausting you and not giving you any joy. That is the last thing I want. So this business boot camp is going to be so good for you to be able to read, focus and get clear on how to move forward, we can accomplish a lot in seven days. So hang tight with me, check out your best tips to get the most out of this and your email. But every single day, I'm going to do a quick lesson with your work didn't get that Oh, can you try again, Siri? Siri had an idea there. But you'll have your workbook with you. And I'll set up the lesson every single day with you. And feel free to respond back and ask us any questions to support you and your business. So get excited. The best thing I love to do with starting with a new client is ask you, what do you want to get out of the next seven days. And I want you to write that down probably you know, I would even suggest a right on the front of your workbook, what your outcome is that you want. So that way every single day, when you come back to these lessons, you can remind yourself of what you wanted to get out of this. So make it very clear, make it very measurable. Maybe you just want to decrease the amount of hours working in your business, maybe you're not sure. And that's okay. And you can just put a question mark, or maybe you just want to be open to possibility. I've gone through coaching programs where I get something out of it that I never expected. So there's nothing wrong with just being super open, and learning more about you and your business to be able to move forward. So these lessons will be very quick. On purpose. You also have Sparkman SparkNotes, just in case that you want to just read those and not watch me talk, that's totally fine, you're not going to hurt my feelings. So let's get to it. Open up your workbook, we're going to move right into day one. So day one we are going through, and we're going to focus on the past before we can move forward to the present in the future. So I really want you to think about all those money stories in your life. Good, bad, ugly, indifferent. But think of all those money stories from your past that have shown up. So these can be specific situations, memories, words, feelings. So whatever you felt growing up that relates to money, I want you to write it down in your past money stories and just fill that space up as much as you can, then you'll move on to what are your current money stories? And what we're trying to realize with all of this is, what is your relationship with money? What was it in the past? What is it currently, and then we're going to write the future. So think of it the past 30 days with your money stories, and what that has looked like and felt like and add all of those. And then I want you to think about your future money story. So these can be related to goals. These can be related to feelings, like how do you want to feel in the future with money that you just don't, you're not there yet. But you really are committed and you want to feel. So nothing is off limits. There's no wrong way to do this exercise. But the goal is that you're self reflecting and really thinking about that timeline with money. I want you to have a really healthy relationship with money. But we can't get there unless we know all of the pieces and parts or most of the pieces and parts that comes with all of those money stories. Cool. So do that give yourself like 10 minutes per section. So past 10 minutes present 10 minutes, and then 10 minutes for the future. If it doesn't take you that long. That's totally cool. But that would be my recommendation for you, then we're going to move on to your business budget. So a lot of entrepreneurs, they just check their bank account, and they're like, cool, I have money, right? You've been there maybe. And so what I want you to get really clear on is what expenses are coming out of your bank account currently. So the best way to do this is look at 30 days, past 60 days pass, but see what has come out of your business bank account. And I want you to write it down in your workbook. It's very helpful if you start with reoccurring, because those are predictable, right? If we know every single month you have already committed to let's say $500 worth of expenses. We know that's your baseline and then you can of course add in extras and see what the trend is for extras like maybe you order office supplies, but it's not a set amount but it's a reoccurring in A sense of like, okay, this is something that I am I'm spending money on frequently. So even if we can do a an approximation, that's helpful, too, okay, so we have your business budget, now we get to have a little bit of fun. Before we have fun, you're going to add up your expense projection. So this would be for 30 days. So it would be great to do the past 30 days, and add all of that up. And then I want you to do an expense per projection for the whole entire year. Yes. So take 365 days. So you'd basically take that month times 12, we're gonna be doing a little bit of math and think about what that is. And you could always add a cushion on top of that. But I think it's best to do reoccurring revenue, and then maybe a cushion as far as other expenses that you're predicting that will come out. And then I want you to think about, what do you need to reduce or eliminate like, this may be a huge Eye Opener up for you like, Oh, I'm ordering a lot from Amazon right now. And I probably shouldn't be right, it doesn't matter. But think about all of those expenses. Are they serving you? Are they helping you grow your business? And if not, what can we reduce or eliminate? Now we get to do the fun part. So now I want you to think about your business wish lists, yes, these are things that you've been wanting to do in your business, you know that they will help you grow your business, but you just you're not there yet. Maybe you don't have enough sales, maybe it's a part of your money mindset. So I want you to write down all the things like if you just had an unlimited amount of resources, what would you invest in your business, and I want you to write that out. If you don't know the exact dollar amount, just put an estimation of what you think it would be like, say, for example, you wanted to hire a full time assistant, we'll just put an estimation of their salary down. And we can worry about all those little details later. But the goal is that you're getting a general idea of what that is. And then I want you to add up that total as well. And a lot of times we feel like it's so out of reach. And what I'm excited about you for you for this exercise is to be like, Oh, this is actually really doable, like I can make this happen. And the the even cooler thing is that we can take it line by line, right? It doesn't like it doesn't mean we have to do all of this at once we can take the highest priority, and do that first. So I'm really excited about that for you as well. Now it's time to go on to our time. How many times have you said I don't have enough time? Anyone? It's another story, right? It's a limiting belief, we spend more time saying that we don't have enough time rather than just doing the thing, right. And I'm including myself in this, I think everyone struggles with this on some level. So now we are doing a time audit. So I want you to get really clear with where your weekly total is right now. And where you want it to be. Again, these can just be approximations. But really think through your sleep, you're working out your learning your family time, just think of all those things, social media is a huge one, right? So if your screen time has not turned on, turn your screen time on it will track your phone and your computer to see where your time is going with electronics so that you can be better equipped moving forward, right? Knowledge is power. So I want you to think about on your time on it, where are all the hours going, we only have 168 hours in one week. A lot of that is sleep, right? So really think through all those little details. Again, just budget it out. But then where I want you to think about is okay, this is where I'm all my time is going currently. But where do I want it to go? Right? Because if we if we do not allocate where we want it to go, it will be spent, right? It's like $10 in your wallet, it will be spent at some point, right? So we want to tell yourself where you want those hours to go. So that we know and really getting clear on that a couple of my favorite tips are double dipping. So could you go on a walk and listen to personal development? Or could you go on a walk and be on a call with somebody to get to know them? Or I wouldn't necessarily do a sales call walking because I would want like my full focus. But there's ways to incorporate business into pleasure and vice versa and exercise to be able to double dip. It's not always possible, but when it is I think we should absolutely do it doing the dishes while you're taking a call doing some squats while you're pumping gas. Like there's all these really cool little things that we can do if we're so aware of our time and what we want out of our time, right? So being very clear on your priorities and making sure we're using every single minute to our advantage. Also, like one of my favorites is Netflix thing. So I'll just relax and watch Netflix and do funnel building or catch up on emails. And it's just something that doesn't need my full attention. But it's like, especially with funnel building, I enjoy it. It's very creative. So like watching a show and doing that feels very self care focus to Me. So just finding what works for you. And then leaning into that. And of course, breaking up with your phone breaking up with your computer. So you're not always feeling like you're working is super important. So making sure that you have those boundaries in place, too. Okay. All right. So let's move on what is sucking up your time, I want you to get really clear, personally and professionally, what is sucking up your time so that we can reduce it or eliminate it a lot like a budget, right? Then I want you to think about what can you do about it? What can you do? Can you delegate? Can you put screen time limits on your phone? Can you lock your phone up? Like there's so much that you can do? If we lean into it, I think it's so much easier to do those things and try to rewire your brain, right, we need to have boundaries in place, rather than saying I need to change my whole habits and lifestyle that's so hard, right? It's easier to work with yourself and put yourself in boundaries. So that way you can really focus on getting to where you want to go. And then where do you want that time to go? Because again, it's gonna go somewhere. So where do you want that time to actually go? And tell us why, why why why why is that important to you? And then my favorite for you to do is what are your top five most important activities in your business? Okay, so for me, it's working out, it's doing some sort of video, it is Facebook messaging. So I do a lot of my lead cultivation in Facebook Messenger. So getting in there networking with my ideal person, so going into Facebook groups, or going to networking events, and really thinking through that. And then the fifth is training and supporting my team and my clients, right? Those are my five, top priorities, my non negotiables when I can do those things, it's been a really, really good day. So I want you to think about what those are for you. So every single day, I'm going to the next page every single day, you're gonna have a checklist, I love me a checklist. So I hope you are the same way. So you'll go through and you'll complete your checklist, you will see that there is creating your money door. So I'm going to put that information in your email, I think you're gonna love doing your money door. It's a lot like a vision board. But it's the door where you leave the house. And this is very important, because it symbolizes every single day that you leave the house, you're recommitting to everything on that door as well, our vision board is sometimes in your closet, or by your computer, and I really want it to be every single day that you're leaving, you're opening that door, right? It's opening new possibilities, it's very important. So that is your challenge to create your money door, I really encourage you to enroll your family and it asked them what they want on there. So nothing is off limits, do pictures of where you want to go around the world. Maybe you want to have certain charities that you donate to, to put those charities on there. Maybe you want to build your dream house, or maybe there's a dream car, or maybe there's a certain amount of level of impact that you want to create in your business. So really think about all those things that have been on your heart and in your brain. And I want you to put out pictures. So you can go on Google Print them out. Don't spend a ton of time doing this. We can always add to it. But the goal is to get something on that door and I'll show you mine. I'll show you mine if you show me yours, right. So I'll show you mine check it out in the email. But that was one thing that I wanted to call out on your checklist but that way every single day you're making your checklist and making sure that you have everything complete. So I will see you back tomorrow for day two. Have a great day get to work