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Where established business owners reveal what it’s really like to be CEO and simultaneously pursue abundance. Abundance looks different for everyone and no two businesses are built the same. During this open conversation, discover how circumstance, actions, and events created emotional reactions of either abundance or scarcity throughout their business-building journey. Much of whether we grow or get stuck playing small depends on the mindset we choose and the actions we take during the highs and lows throughout our entrepreneurial journey. Find out how workload, relationships, and money played a role in business owners’ decisions, emotions, and mental health during various stages in their business, when they made key decisions about hiring, marketing, and outsourcing, and how hosting their own podcast played a role in their personal development AND the growth of their business. Virginia Elder, host and owner of Podcast Abundance, shares pieces of her own journey from corporate life to freelancer to business owner, plus interviews other entrepreneurs with thriving businesses who use their podcast to establish authority in their niche, provide educational content for potential clients, and drive leads into their business. During the first half of each interview episode, you’ll get an inside look at the guest’s business and hear about challenges, plus the habits and actions that help navigate them. Our goal is to uncover the mindset and mental health shifts that worked for them to help you thrive during your journey. Then, in the second half of the interview, we switch the conversation to marketing strategies and learn how launching a podcast helped them grow their business and mature as a founder, speaker, and collaborator for their brand. Every business needs a reliable marketing arm that consistently and automatically attracts potential clients, and these guests have a successful, active podcast doing exactly that! Learn how they started, what changed, and how they’ve grown since becoming a podcast host. We’ll reveal podcasting strategies that work and prep you for the emotional rollercoaster that occurs any time you step up to play big in life. Abundance is within reach for all of us, but the pursuit of abundance is never over. It takes intention, a clear vision for what abundance means to you, and a consistent level of consciousness around your actions and emotions throughout your journey. Cheers to Reaching Abundance together!
Episodes
Monday Jan 18, 2021
Monday Jan 18, 2021
We’ve all experienced the stress and headaches of an unplanned yet necessary expense popping up and destroying our well-intentioned monthly budget. If you’re getting frustrated with budgeting because some unexpected expense comes up each month to sabotage all your grand plans, you need sinking funds.
Learn everything you need to know about sinking funds, how to set them up, the categories to consider, how to calculate sinking funds, and how much to put toward them each month. Remove the shock-factor from the surprise expenses and avoid accumulating debt to cover them by creating mini savings accounts and making irregular costs an expected part of your budget.
If you plan, you’ll know how much you can spend.
In this episode, listen for:
- Perhaps you’ve set a monthly budget and are building your emergency fund. Have you noticed how often something “unexpected” comes up? It’s basically every month.
- Without a sinking fund, you may scramble for funds or default to using a credit card any time there’s hiccup. However, with a sinking fund, you already have cash set aside to cover the expense!
- Holidays, birthdays, home repairs, kids orthodontics, car tires and maintenance, and back-to-school clothes are all “surprise” expenses that you can anticipate. As your kids grow, your finances adjust, and you can add or remove categories.
In this episode, you’ll also hear:
[00:03:32] What’s the difference between sinking funds and sunk costs? These terms may sound unpleasant, but I'll explain what they really mean so you can see how they affect your finances.
[00:09:47] By establishing sinking funds, you’re setting yourself and your family up for a brighter, more financially-free future. You eliminate unexpected costs by expecting them - let’s face it, the car will need maintenance, you will have an ER visit at some point, the home will need some repairs.
[00:14:45] Everyone's spending patterns, income, and financial considerations are different. It’s okay if your plan looks different from mine, as long as you have one.
If this episode hit home for you, share it with a friend. Simply copy & paste this link: https://link.chtbl.com/abundance
Learn more about how you CAN create the abundant life you've always wanted at www.reachingabundance.com
Follow me at www.instagram.com/reachingabundance
Download the FREE workbook, Budgeting For Debt Freedom
This episode is brought to you by YNAB, a budget friendly tool and get your 30 day free trial now!
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