Welcome to another episode of ‘Soul Why? The Secrets Of The Soul Rich Woman Blueprint’ I am your money mindset mentor, Genecia Alluora. Managing your money takes time to learn and develop. It also takes commitment and understanding of your financial status. Listen more in this episode on how to manage your money better. Free Resource: "Soul Why: Soul Rich Woman Blueprint" and "How to Delegate 80% of your to-do list" ---> https://be.soulrichwoman.com

Show Notes

95: How To Manage Your Money 


How are you putting your savings strategy into action?

Welcome to another episode of ‘Soul Why? The Secrets Of The Soul Rich Woman Blueprint’ I am your money mindset mentor, Genecia Alluora. Managing your money takes time to learn and develop. It also takes commitment and understanding of your financial status.

Hire a professional 02:29- 02:31  First and foremost, hire a professional.  02:34- 02:36  Hire someone to help you with the money. 

02:37- 02:54 While you might be used to hiring people in your business so far, but you could be neglecting the money side. This is when you need to hire your first accountant, bookkeeper, upgrade, or find somebody to actually help you grow your wealth. 
Simple money system

04:50- 04:53  Another way is to have a simple money system.  04:54- 05:00  This is a money system that I personally use which is to track my money. 05:02- 05:09 I look at my PayPal account, I look at my Stripe account, I look at my business bank account every single day.  05:11- 05:19  Not only to see what’s going on, expense wise but also remind me that I’m in business to make money. 

05:20- 05:49 I actually write down the balance of my PayPal or Stripe account every single day, because I remember in those first couples of years when I started writing down a zero dollars on my own spreadsheet, it really motivated me to go up and chase those clients, or to send those invoices, to really focus on income-producing activities and not all that procrastination stuff that comes up in business.

05:51- 06:10 These systems don't have to be super fancy. I’ve seen a lot of women get into trouble because they actually don’t know what’s coming in, and they don’t really know what’s going out. So just make sure you look at that stuff because again it’s very, very symbolic. 
Identify your money blocks

06:13- 06:15  Identify your money blocks. 06:27- 06:35 I was spending a lot of my money on things like online courses, events, and many more things. 
06:41 - 07:10 And really, without that, you can go off the tangent and really be off the mark without even knowing. It was self-sabotage. So, I had a fundamental belief that money was really hard to get, that I had to work really hard to make money, really super hard, and that stuff was going to sabotage me, no matter how many amazing strategies I’d seen. 
07:11 - 07:27 I’ve seen so many things that happened to a lot of entrepreneurs and they can actually make the money, but they can’t keep it, because they don’t realize that they have these underlying sabotaging patterns around money.

07:29 - 07:36 Money itself will not cure or heal your money blocks, it actually amplifies them.

07:40 - 08:15 That is why, when you see rich and famous people totally screw over their money situation, it’s because they haven’t dealt with that underlying stuff. When you know your particular money block to look out for, you won’t do those things like overspending, buying new things every single time, or blocking money from coming to you in the first place, that means you can't really receive money or sabotaging things when things are really getting good.

08:36- 08:41 It’s that you have to work really hard to make money and then you get to know the warning signs.  08:42- 08:52 So you will not be one of those victims of this crazy time in business. You’ll be one of the ones that would pull through.

Key Takeaways: 
  1. Hire a professional.
  2. Identify your money blocks.
  3. Track your money.
  4. Expense wisely.
  5. Stop spending on unnecessary things.

Key Resources:
Subscribe to Genecia’s Youtube channel: https://bit.ly/2lFnHlW
Visit SRW’s website: https://www.soulrichwoman.com 
Follow Genecia on Instagram : (@geneciaalluora)
Follow Genecia on Twitter: (@GeneciaAlluora) 
Check Genecia’s LinkedIn: https://www.linkedin.com/in/genecia/