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Financial Coach for Entrepreneurs, Gina Knox
Small Business Big Money is a financial podcast for small business owners and entrepreneurs who want money to feel like the easy part of business. If you want a fully funded business savings, high profit margins, a luxurious take home pay this is the podcast for you. Walk away every week with tactical advise, money mindset coaching, and the feeling of being financially unbothered.
Total 190 episodes
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187. Pay Off Debt Even If Your Revenue Declined

187. Pay Off Debt Even If Your Revenue Declined

Join Small Business Money School: https://ginaknox.co/school  Doors close at midnight TONIGHT November 18th!   Episode Synopsis:  In this episode of Small Business Big Money, Gina Knox discusses the challenges small business owners face during economic downturns, particularly focusing on revenue declines. She emphasizes the importance of understanding the cyclical nature of business, advocating for a strategy that prioritizes expense management over risky financial swings. Gina shares insights on how to stabilize a business financially, manage through booms and busts, and ultimately thrive in the long term. The conversation highlights the necessity of financial literacy and strategic planning for sustainable growth.   Timestamps: 00:00 - Introduction to Financial Thriving00:58 - Understanding Revenue Decline05:09 - The Risks of Big Swings08:05 - Lowering Expenses: A Practical Strategy12:20 - Long-Term Business Strategy17:00 - Managing Finances Through Booms and Busts20:25 - Making Your Business Profitable Again   Category: Debt   Keywords: small business, financial stability, revenue decline, expense management, business strategy, financial literacy, economic cycles, profitability, business growth, financial coaching
23:4618/11/2024
186. Be Business Debt Free By 2025

186. Be Business Debt Free By 2025

Join Small Business Money School: https://ginaknox.co/school  When you join by MIDNIGHT tonight, November 12th - you'll also receive a bonus 1:1 call with a Money School Coach to create your debt pay off plan, personally designed for you.   Episode Synopsis:  In this episode, Gina Knox discusses the importance of addressing business debt and introduces a debt payoff challenge as part of the Small Business Money School program. She emphasizes the emotional impact of debt on business owners and outlines the core problems that lead to debt accumulation. Gina provides strategies for overcoming these issues and highlights the resources available through her program to help business owners achieve financial stability and success.   Timestamps: 00:00 - Introduction to Business Debt Solutions02:56 - Understanding the Emotional Impact of Debt06:09 - Identifying Core Problems Leading to Debt08:50 - Strategies for Debt Payoff12:06 - Overview of Small Business Money School   Category: Debt   Keywords: business debt, debt-free, financial strategy, Small Business Money School, debt payoff challenge, emotional impact of debt, business finance, money management, financial coaching, entrepreneurship
16:1212/11/2024
185. "My debt pay off plan is just not fast enough"

185. "My debt pay off plan is just not fast enough"

We're hosting our very first FREE Debt Pay Off Masterclass! Register here: https://ginaknox.co/masterclass  Join us live on November 11th at 1pm CST. Register at the link above., Replay will be sent after to all who register.   Episode Synopsis:  In this episode, Gina Knox discusses the anxiety surrounding debt payoff among entrepreneurs, emphasizing the common belief that a sudden influx of money, or a 'windfall', will solve their debt issues. She explains how this mindset can lead to increased pressure and poor financial decisions, ultimately prolonging the debt payoff process. Instead, Gina advocates for a more sustainable approach to managing debt by addressing core financial issues and implementing effective strategies that align with current cash flow, rather than relying on future earnings.   Timestamps: 00:00 - Understanding Debt Payoff Anxiety07:13 - The Myth of the Windfall11:56 - Strategies for Sustainable Debt Management   Category: Debt   Keywords: debt, debt payoff, entrepreneurship, financial stability, cash flow, windfall, business expenses, debt management, financial anxiety, investment strategies
14:2208/11/2024
184. The Mistake That Leads To Doubling Your Business Debt

184. The Mistake That Leads To Doubling Your Business Debt

 We're hosting our very first FREE Debt Pay Off Masterclass! Register here: https://ginaknox.co/masterclass  Join us live on November 11th at 1pm CST. Register at the link above., Replay will be sent after to all who register.   Episode Synopsis:  In this podcast episode, Gina Knox discusses the concept of 'double debt' and the common pitfalls that business owners face when managing debt. She emphasizes the importance of understanding the root causes of debt, such as lack of cash flow strategy, expense management, and tax planning. Gina encourages listeners to address these core issues before considering debt consolidation, as failing to do so can lead to a cycle of increasing debt. The episode concludes with an invitation to a masterclass focused on effective debt management strategies. Timestamps: 00:00 - Introduction to Debt Mastery03:14 - Understanding Double Debt06:04 - The 3 Core Problems That Leade to Debt08:57 - Strategies to Avoid Double Debt12:10 - Conclusion and Call to Action   Category: Debt   Keywords: debt management, double debt, cash flow strategy, expense strategy, tax strategy, business finance, debt consolidation, financial planning, business owners, debt masterclass
14:3105/11/2024
183. "I built a million-dollar business after escaping a cult, but debt almost took me down"

183. "I built a million-dollar business after escaping a cult, but debt almost took me down"

Samone Blakely is a dating coach for unchurched women of faith, and she has an INCREDIBLE story that she shares with us in this episode of Small Business Big Money. Samone tells us how she went from teen mom, to cult member, to overeducated Wendy's employee, to CPA at a big 4 accounting firm, to divorce, to million dollar business owner, to burning through all her savings and building debt. She shares with us how she saved her company from near closure.   We're hosting our very first FREE Debt Pay Off Masterclass! Register here: https://ginaknox.co/masterclass  Join us live on November 11th at 1pm CST. Register at the link above   About Samone Blakely: TorahCents is known for her practical and unorthodox approach to dating for Women of Faith. She believes that dating should be delicious…and if it’s not…you’re doing it wrong. She has helped thousands of women attract quality men, confidently date for the relationships they desire and has been fully launched on a mission to help women of faith create real options in men and choose themselves first (instead of waiting for a man to choose them). 🔥She’s the Founder of Curved to Cuffed™️ - the #1 mentorship for successful women of faith who want to attract quality, marriage-minded men. ⁣⁣💍 And the Creator of the Triple Threat Success Method™️ that has helped women go from no dates to a wedding date in less than a year. ⁣⁣ And when she’s not coaching you may see her releasing new episodes of her podcast, learning new tricks in her pole dancing class, spending time with her family and of course…having fun dating quality men. "   Where to Find Samone: Instagram: www.instagram.com/torahcents Website: www.curved2cuffed.com    Timestamps: 00:00 - Introduction to Samone Blakely and Her Journey02:48 - Understanding Unchurched Women and Their Faith06:04 - Escaping the Cult: A Personal Story of Liberation08:53 - From Struggles to Success: Education and Career Path12:09 - Transitioning to a Dating Coach: The Journey Begins14:48 - Navigating Marriage and Divorce as a Dating Coach18:12 - Empowering Women of Faith: The Mission20:53 - Financial Growth and Challenges in Business24:13 - Lessons Learned: Spending and Financial Awareness26:06 - The Journey to Financial Neutrality30:39 - Building a System for Financial Management34:43 - Understanding and Managing Debt38:33 - Transforming Perspectives on Debt45:10 - The Power of a $19 Dress   Category: Entrepreneurship   Keywords: dating coach, unchurched women, faith, personal growth, cult experience, financial challenges, empowerment, marriage, divorce, business success, financial management, money mindset, debt management, personal finance, coaching, abundance, financial neutrality, business growth, money school, financial healing
51:4329/10/2024
182. Chronic Overspending, Paying Off A 20 Year Debt, Increasing Take Home Pay, And Building Wealth with Patti Calkins

182. Chronic Overspending, Paying Off A 20 Year Debt, Increasing Take Home Pay, And Building Wealth with Patti Calkins

We're hosting our very first FREE Debt Pay Off Masterclass! Register here: https://ginaknox.co/masterclass  Join us live on November 11th at 1pm CST. Register at the link above   Episode Synopsis:  In this podcast episode, Gina Knox interviews Patti Calkins, a myofascial therapist and business owner, about her journey in entrepreneurship, financial growth, and the challenges she faced along the way. Patti shares her experiences of starting her business, the financial strategies she learned in Money School, and her evolving approach to managing her owner's pay and personal finances. The conversation highlights the importance of financial education and the impact of coaching on business success. In this conversation, Gina Knox and Patti Calkins explore the evolution of money mindsets across generations, the impact of overspending, and the importance of financial education. They discuss personal experiences with debt, retirement planning, and the significance of instilling financial stability in future generations. The dialogue emphasizes the need for proactive financial management to avoid the cycle of poverty and ensure a secure future. About Patti: Patti is the owner of Exhale Myofascial Release RVA in Richmond, Virginia. She opened her business, specializing in myofascial release in 2022. She made the choice to go to massage school following years of working as a physical therapist assistant.She has in three years grown her business to $250k with employees.   Where to Find Patti: Website: http://www.exhalemfr.com/Instagram: @exhalervaFacebook: Exhale Myofascial Release RVA   Timestamps: 00:00 - Introduction to Patti Calkins03:37 - Financial Growth and Challenges08:51 - Transformative Year in Money School14:02 - Owner's Pay and Financial Management18:08 - Generational Shifts in Spending Mindset20:13 - Understanding Money Mindset and Overspending22:44 - Navigating Debt and Financial Decisions24:30 - Retirement Planning and Financial Security26:21 - The Importance of Early Retirement Savings30:49 - Financial Stability for Future Generations32:39 - Breaking the Cycle of Financial Instability   Category: Entrepreneurship   Keywords: entrepreneurship, financial growth, myofascial therapy, MFR Coach, MFR, business coaching, small business, money management, personal finance, owner’s pay, coaching, business success, money mindset, overspending, retirement planning, financial security, generational wealth, budgeting, debt management, financial education, wealth building, financial stability
35:2122/10/2024
181. Money Lessons From The Original Mexican Mom: Aracely Knox (aka my mom)

181. Money Lessons From The Original Mexican Mom: Aracely Knox (aka my mom)

The Pay Off 5 Figures Of Business Debt By 2025 Masterclass is happening on Nov. 11th, register here: https://ginaknox.co/masterclass    Episode Synopsis:  In this heartfelt conversation, Gina Knox interviews her mother, Aracely Knox, exploring the profound lessons learned about money, family values, and personal growth throughout different stages of life. They discuss Aracely's childhood, her cultural background, and how these experiences shaped her approach to spending and budgeting. The conversation delves into the importance of quality over quantity in purchases and the significance of shared family goals in achieving happiness and security. In this conversation, Gina Knox shares her insights on family traditions, financial preparedness, and the importance of facing death with acceptance. She reflects on her evolving relationship with money as she transitions into a new chapter of life, emphasizing the significance of values and wise spending. Gina encourages open discussions about death and financial planning, highlighting the need for organization and clarity in these matters. She concludes with valuable life lessons on prioritizing what truly matters and avoiding unnecessary expenditures. Timestamps: 00:00 - Introduction to Family Values and Lessons02:50 - Childhood Memories and Parental Influence05:45 - Cultural Background and Family Heritage09:05 - Understanding Money in Childhood11:52 - Transitioning from Youth to Adulthood15:05 - Adulthood and Family Goals18:04 - Value Spending vs. Justification Spending28:05 - Family Traditions and Culinary Heritage30:21 - Financial Preparedness for Life's Final Chapter35:49 - Facing Death: Acceptance and Planning42:04 - Evolving Relationship with Money51:05 - Life Lessons: Values and Financial Wisdom   Category: Saving   Keywords: family values, money management, childhood lessons, cultural heritage, adulthood transitions, value spending, budgeting, thrift, personal finance, life lessons, family traditions, financial preparedness, death acceptance, money management, life lessons
54:1617/10/2024
7FW Bonus: If You're 40 And Older

7FW Bonus: If You're 40 And Older

Apply for the 7 Figure Wealth Mastermind Today! https://ginaknox.co/mastermind  Enrollment for this fall round is open October 7th - 11th 2024
07:2710/10/2024
7FW Bonus: Waiting 6 Months Could Cost You $100,000

7FW Bonus: Waiting 6 Months Could Cost You $100,000

Apply for the 7 Figure Wealth Mastermind Today! https://ginaknox.co/mastermind  Enrollment for this fall round is open October 7th - 11th 2024
07:5409/10/2024
7FW Bonus: Do It For The Kids

7FW Bonus: Do It For The Kids

Apply for the 7 Figure Wealth Mastermind Today! https://ginaknox.co/mastermind  Enrollment for this fall round is open October 7th - 11th 2024
23:3909/10/2024
7FW Bonus: Get 30 Day Custom Wealth Plans Every Month

7FW Bonus: Get 30 Day Custom Wealth Plans Every Month

Apply for the 7 Figure Wealth Mastermind Today! https://ginaknox.co/mastermind  Enrollment for this fall round is open October 7th - 11th 2024
13:0109/10/2024
180. Building Wealth While In Debt At 49 With Cathy Mazak

180. Building Wealth While In Debt At 49 With Cathy Mazak

Apply for the 7 Figure Wealth Mastermind Today! https://ginaknox.co/mastermind  Enrollment for this fall round is open October 7th - 11th 2024   Episode Synopsis:  In this engaging conversation, Cathy Mazak shares her transformative journey from academia to entrepreneurship, detailing her experiences in the 7 Figure Wealth Mastermind. She discusses the challenges of stabilizing her business finances, the decision to purchase a dairy farm as a legacy project, and the evolution of her personal and financial goals. Cathy emphasizes the importance of managing business debt without letting it overshadow personal wealth building, and how her experiences have empowered her family and future generations.   About Cathy: Cathy Mazak was a tenured, full professor when she founded Scholar's Voice, a professional development company that helps women and nonbinary professors write and publish to the level in line with their expertise. Author of Making Time To Write: How to resist the patriarchy and take control of your academic career through writing, Cathy is dedicated to helping 1000 scholars dramatically change their relationship to academia by 2030. Her popular podcast, Academic Writing Amplified, teaches listeners how to take control of their careers by centering their writing, publishing their backlog of papers, and participating in the culture of academia on their terms.   Where to Find Cathy: Website: https://www.scholarsvoice.org    Timestamps: 00:00 - Introduction to Cathy Mazak's Journey03:35 - Transitioning from Academia to Entrepreneurship08:19 - Stabilizing Finances and Setting Wealth Goals14:12 - The Farm as a Legacy Project17:54 - Dreams Change: The Evolution of Goals25:17 - Making Tough Decisions: Selling the Dream House36:38 -Empowering Future Generations Through Financial Stability   Category: Wealth   Keywords: Cathy Mazak, entrepreneurship, wealth building, financial stability, farm business, retirement planning, women's empowerment, business coaching, legacy project, personal finance
41:2508/10/2024
179. Should You Get A Financial Advisor?

179. Should You Get A Financial Advisor?

Apply for the 7 Figure Wealth Mastermind Today! https://ginaknox.co/mastermind  Enrollment for this fall round is open October 7th - 11th 2024   Episode Synopsis:  In this episode, Gina Knox discusses the critical differences between financial coaching and advising, emphasizing the importance of financial literacy for entrepreneurs. She critiques the traditional financial advisor model, highlighting predatory practices and the lack of empowerment for clients. Gina advocates for self-management of wealth through education and understanding, while also acknowledging specific scenarios where hiring a financial advisor can be beneficial. The episode concludes with information about the Seven Figure Wealth program, aimed at helping entrepreneurs build passive income portfolios. Timestamps: 00:00 - The Difference Between Financial Coaching vs. Advising10:07 - When Financial Advisors Are The Wrong Move17:30 - Empowering Clients Through Financial Literacy   Category: Wealth   Keywords: financial coaching, financial advising, wealth management, financial literacy, entrepreneurship, passive income, financial empowerment, seven figure wealth, financial advisors, investment strategies, do I need a financial advisor, where to find a financial advisor, how to find a financial advisor
18:5507/10/2024
178. Managing Inheritance, Dealing With Debt, and Firing Your Financial Advisor with Nikkei Lamodi

178. Managing Inheritance, Dealing With Debt, and Firing Your Financial Advisor with Nikkei Lamodi

Register for the FREE wealth masterclass for entrepreneurs: https://ginaknox.co/masterclass    Episode Synopsis:  In this conversation, Nikkei Lamodi shares her personal experience with money as an eldest daughter and the challenges she faced in managing her finances. She discusses the impact of her parents' financial habits and the responsibility she felt as the eldest daughter to support them. Nikkei also talks about her journey with debt and her attempts to follow different financial strategies, including Dave Ramsey's approach. She shares her experience of inheriting money and seeking the guidance of a financial advisor. However, she realizes that she lacks financial education and feels disconnected from her own money. In this conversation, Nikkei shares her experience of breaking up with her financial advisor and taking control of her own finances. She discusses the power dynamics and lack of knowledge that can lead to being taken advantage of by financial advisors. Nikkei emphasizes the importance of understanding fees and the impact they can have on long-term wealth accumulation. She also highlights the ease of transitioning to a new financial advisor and the peace of mind that comes with self-managing her money. Nikkei recommends 7 Figure Wealth as a valuable resource for learning how to manage and grow wealth.   Timestamps: 00:00 - Introduction and Background02:25 - Motivation for Working on Wealth Building04:12 - Challenges with Financial Advisors12:58 - Dealing with Personal Loss15:31 - Arriving and Discovering Hoarded Belongings21:14 - Humorous Discoveries and Anecdotes26:06 - Grief and Administrative Work27:48 - Navigating the Emotional Rollercoaster of Grief32:06 - Finding Growth and Self-Discovery in Grief37:04 - Desensitization to Money: Viewing Assets vs. Personal Worth39:33 - Redefining Success: Moving Beyond External Indicators43:08 - The Quirks and Humor of Unconventional Wills   About Nikkei Lamodi Nikkei is a first-generation eldest daughter and certified coach. She is passionate about helping eldest daughters create healthy relationships with others without sacrificing their time, money, or desires.   Where to find Nikkei: Website: https://randawellness.com/ Podcast: https://podcasters.spotify.com/pod/show/thewellnesshelpdesk Tik Tok: https://www.tiktok.com/@eldestdaughterhelpdesk?_t=8ogOaifxBFa&_r=1 IG: https://www.instagram.com/nikkei_lamodi/?hl=en  Category: Wealth   Keywords: inheritance, investing, financial advisor, eldest daughter, money habits, debt, financial strategies, financial advisor, fees, power dynamics, knowledge, wealth accumulation, self-management, peace of mind, 7 Figure Wealth
37:1030/09/2024
177. You Don't Need To Scale Your Business To Scale Your Wealth

177. You Don't Need To Scale Your Business To Scale Your Wealth

Register for the FREE wealth masterclass for entrepreneurs: https://ginaknox.co/masterclass    Episode Synopsis:  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.   Timestamps: 00:00 - The Importance of Wealth Identity Over Business Revenue03:12 - Breaking the Myth: Wealth Without Business Growth05:59 - 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
09:5624/09/2024
176. Gifts in Grief: Inheriting Money & Dealing With Death As An Only Child with Cara Kovacs

176. Gifts in Grief: Inheriting Money & Dealing With Death As An Only Child with Cara Kovacs

Register for the FREE wealth masterclass for entrepreneurs: https://ginaknox.co/masterclass    Episode Synopsis:  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. Timestamps: 00:00 - Introduction and Background02:25 - Motivation for Working on Wealth Building04:12 - Challenges with Financial Advisors12:58 - Dealing with Personal Loss15:31 - Arriving and Discovering Hoarded Belongings21:14 - Humorous Discoveries and Anecdotes26:06 - Grief and Administrative Work27:48 - Navigating the Emotional Rollercoaster of Grief32:06 - Finding Growth and Self-Discovery in Grief37:04 - Desensitization to Money: Viewing Assets vs. Personal Worth39:33 - Redefining Success: Moving Beyond External Indicators43:08 - The Quirks and Humor of Unconventional Wills   About Cara Kovacs 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.   Where to find Cara: 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
55:0017/09/2024
175. Your Business Shouldn't Be Your Only Income Source

175. Your Business Shouldn't Be Your Only Income Source

Register for the FREE wealth masterclass for entrepreneurs: https://ginaknox.co/masterclass    Episode Synopsis:  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.   Timestamps: 00:00 - The Story Behind the Mastermind06:29 - The Value of Time in Investing11:09 - Why You Should Start Investing Now14:21 - Why Business Owners Need A Passive Income Portfolio17:11 - 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
18:0710/09/2024
174. Handling Multiple Financial Goals At Once

174. Handling Multiple Financial Goals At Once

Get a 5 day free trial to my money program for business owners: https://ginaknox.co/free-training    Episode Synopsis:  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. Timestamps: 00:00 - Navigating Multiple Financial Goals and Priorities01:25 - The Difference Between Financial Desires and Priorities04:21 - Building Savings and Paying Off Debt05:16 - Investing for Financial Freedom08:35 - Aligning Desires with the Budget11:10 - How You Spend Your Money is How You Spend Your Life    Takeaways: There are only three financial priorities: saving, debt payoff, and investing. By focusing on these priorities, individuals can acquire all their desires over time. Desires live and die in the budget, so it's important to align spending with personal values. 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  
13:1403/09/2024
173. Your Personal Budget Can Save Your Business

173. Your Personal Budget Can Save Your Business

Get a 5 day free trial to my money program for business owners: https://ginaknox.co/free-training    Episode Synopsis:  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.   Timestamps: 00:00 - Introduction to Personal Finance for Business Owners02:23 - The Impact of Personal Budget on Business07:06 - Aligning Personal Budget with Revenue Goals13:20 - Preventing Burnout with a Balanced Personal Budget17:18 - The Dangers of Lifestyle Creep and Financial Pressure19:34 - Creating Financial Stability for Business and Personal Life    Takeaways: Personal finances have a significant impact on business finances for business owners. A personal budget can save a business by reducing expenses and increasing stability. Your personal budget can dictate your revenue goals, so it's important to align them. Overinflating your personal budget can put unnecessary pressure on your business and lead to burnout. Reducing financial pressure on your business can lead to increased creativity and better results. Lifestyle creep can be detrimental to both personal and business finances, so it's important to manage expenses. Taking the time to review and adjust your personal budget can create financial stability and improve your quality of life.   Category: Saving, Personal Finance, Budgeting   Keywords: personal finance, business finance, personal budget, business stability, revenue goals, burnout, lifestyle creep, financial pressure  
19:5227/08/2024
172. Introducing Small Business Big Money!

172. Introducing Small Business Big Money!

Join Small Business Money School: https://ginaknox.co/school    Episode Synopsis:  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. Timestamps: 00:00 - Introducing Small Business Big Money01:25 - The Three Main Reasons Small Businesses Close Their Doors Prematurely07:03 - Optimizing Expenses and Managing Cash Flow for Profitability08:53 - Paying Yourself a Fair Salary as a Small Business Owner13:37 - Building Reserves and Access to Capital to Weather Cash Crunches19:39 - Small Business Big Money: Helping Small Business Owners Build Financial Stability    Category: Entrepreneurship  
23:2720/08/2024
171. Financial Pivots at 1M with Dielle Charon

171. Financial Pivots at 1M with Dielle Charon

Join 6 Figure Saver and Increase your Profit, Take Home Pay, and Security: https://ginaknox.co/6-figure-saver    Episode Synopsis:  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.   Timestamps: 00:00 - Introduction and Background01:51 - Budget Breakthroughs07:31 - Outsourcing Responsibility and Inner Child Decisions13:06 - Coaching Investments: Aligning Goals and Expertise18:11 - Evaluating Spending Decisions and ROI22:57 - Selling with Your Strengths and Goal-Centered Investments33:40 - The Importance of Specific Goals and Asking the Right Questions36:32 - Coaching and Team Hiring: Making Informed Decisions41:49 - Moving On After Mistakes45:55 - The Impact of Wealth Mindset on Financial Decisions55:00 - Managing ADHD and Impulse Spending01:06:41 - Finding Healthy Sources of Dopamine   About Dielle Charon: 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.   Where to find Dielle Charon: Website: https://diellecharon.com/  Social: https://www.instagram.com/diellecharon/  Podcast:  https://diellecharon.com/podcast/    Category: Money Mindset, Entrepreneurship  
01:16:2013/08/2024
170. Credit Card Debt, Business Loans, High Interest, and Bankruptcy

170. Credit Card Debt, Business Loans, High Interest, and Bankruptcy

24:0706/08/2024
169. Building Wealth Outside Your Business, Lifestyle Creep, and Being Rich vs Looking Rich

169. Building Wealth Outside Your Business, Lifestyle Creep, and Being Rich vs Looking Rich

Join the Waitlist for 7 Figure Wealth: https://ginaknox.co/mastermind  Follow Gina on Instagram: https://www.instagram.com/ginaknox/   Episode Synopsis: 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.   Timestamps: 00:00 - Building Wealth Outside Your Business03:45 - Avoiding Lifestyle Creep and Being Rich07:28 - Paying Yourself a Living Wage10:19 - Investing in Income Generating Assets13:39 - Choosing Between Looking Rich and Being Rich   Takeaways: Pay yourself a living wage from your business to cover all your bills and have money for savings, debt repayment, and non-essentials. Invest in income generating assets, such as the stock market, to build lasting wealth outside of your business. Be intentional about lifestyle creep and avoid increasing your bills and non-essential expenses as your income grows. Choose between looking rich and being rich by prioritizing wealth building and making conscious decisions about your spending. Building wealth outside of your business is essential for financial security and the ability to retire comfortably.
32:1130/07/2024
168. Romantic Financial Compatibility, Spender/Saver Relationships, and Getting Your Partner to Change

168. Romantic Financial Compatibility, Spender/Saver Relationships, and Getting Your Partner to Change

Learn More About Working with Gina: https://ginaknox.co/  Follow Gina on Instagram: https://www.instagram.com/ginaknox/   Episode Synopsis: 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. Timestamps: 00:00 - Introduction and Overview02:21 - The Significance of Financial Compatibility06:39 - Understanding Financial Values09:56 - Navigating Differences in Values12:41 - Creating Boundaries for Financial Success18:57 - Avoiding Blame and Focusing on Shared Goals23:07 - Discussing Financial Values Before Having Children28:20 - Conclusion   Takeaways: Financial compatibility is just as important as other aspects of compatibility in a romantic partnership. Shared values, rather than circumstances, are key to financial compatibility. Assume that your partner will not change their financial values and decide what is a deal breaker for you. Create financial boundaries that protect the relationship and allow each partner to express their values. Blaming each other for differences in financial values is counterproductive; instead, focus on leveraging each other's strengths. Discuss financial values and goals before having children to avoid conflicts in the future.
29:0923/07/2024
167. Restriction Saves You From Restriction

167. Restriction Saves You From Restriction

Learn more about 6 Figure Saver: https://ginaknox.co/6-figure-saver  Follow Gina on Instagram: https://www.instagram.com/ginaknox/  Follow Gina on Threads: https://www.threads.net/@ginaknox    Episode Synopsis:  In this episode, Gina Knox discusses the concept of money mindset and how our thoughts and feelings about money dictate our behavior. She focuses on the idea that restriction can actually save us from further restriction and explores the patterns of overspending and rebellion against budgeting. Gina emphasizes the importance of setting financial boundaries with ourselves and sticking to them, as well as the role of budgeting in achieving our financial goals. She also draws parallels between financial boundaries and personal boundaries, using the example of bedtime. The episode concludes with an invitation to join Gina's Six Figure Saver program. Timestamps: 00:00 Introduction to Money Mindset 01:23 The Power of Restriction 04:11 The Cycle of Overspending and Restriction 07:02 Understanding the Meaning of Restriction 09:00 Financial Boundaries and Personal Boundaries 16:34 Invitation to Join Six Figure Saver Program   Takeaways:  Our thoughts and feelings about money dictate our behavior and decisions. Restriction can save us from further restriction and financial hardship. Setting financial boundaries with ourselves is crucial for achieving financial security and peace of mind. Budgeting is a tool for tracking and staying true to our financial boundaries and goals. Improving our money mindset requires self-compassion and a commitment to continuous growth.
17:4116/07/2024
166. Using Financial Data to Solve Your Business Problems

166. Using Financial Data to Solve Your Business Problems

To learn more about working with Gina: https://ginaknox.co/  Follow Gina on Instagram: https://www.instagram.com/ginaknox/  Follow Gina on Threads: https://www.threads.net/@ginaknox    Episode Synopsis:  In this podcast episode, Gina Knox discusses the importance of bookkeeping and how it can reveal the underlying issues in a business. She shares stories of clients who struggle with their finances and explains how looking at the cellular level of a business can help identify and solve problems. Gina highlights six ways that businesses waste money, including software, coaches, team members, projects, equipment, and inventory. She emphasizes the need to be intentional with expenses and make data-backed decisions.   Timestamps: 03:28 - Analyzing a Client's Financial Data05:23- Understanding the Cellular Level of Your Business10:22 - Identifying and Avoiding Wasteful Expenses14:45 - Wasting Money on Software and Coaches19:51 - Avoiding Unnecessary Expenses and Focusing on Sales25:01 - Being Strategic with Team Members and Projects31:12 - Managing Equipment and Inventory Expenses36:12 - The Power of Looking at Financial Data   Takeaways:  Bookkeeping is essential for understanding the financial health of a business and identifying underlying issues. Businesses often waste money on unnecessary expenses, such as software, coaches, team members, projects, equipment, and inventory. It's important to be intentional with expenses and make data-backed decisions. Avoiding financial management can lead to business failure, so it's crucial to confront and address financial issues. Looking at the cellular level of a business can help identify and solve problems. Regularly reviewing and analyzing financial data is key to making informed business decisions.
32:5509/07/2024
165. Why 50% of Small Business Fail in the First 5 Years

165. Why 50% of Small Business Fail in the First 5 Years

To learn more about working with Gina: https://ginaknox.co/  Follow Gina on Instagram: https://www.instagram.com/ginaknox/  Follow Gina on Threads: https://www.threads.net/@ginaknox    Episode Synopsis:  In this episode, Gina Knox discusses the three main reasons why small businesses fail before the five-year mark: lack of working capital, bad business investments, and big unexpected tax bills. She emphasizes the importance of financial acumen and offers practical advice on how to prevent these issues. Gina encourages business owners to manage their cashflow, spend money wisely on current business problems, and plan for taxes. She also addresses the misconception that earning more money can solve all financial problems and highlights the need for financial awareness and accountability.
33:3502/07/2024
164. How Molly Knuth Increased Profit During A Business Transition

164. How Molly Knuth Increased Profit During A Business Transition

6 Figure Saver is open for enrollment until June 28th, learn more about the program here: https://ginaknox.co/6-figure-saver     Episode Synopsis: In this conversation, Gina Knox interviews Molly Knuth, a six-figure saver and fractional CMO. They discuss Molly's journey as a business owner and the importance of financial management. Molly shares how she transitioned to the role of CMO and the impact it had on her finances. She emphasizes the significance of tracking numbers, setting financial goals, and paying herself a healthy owner's pay. They also discuss the challenges women face when it comes to talking about money and the importance of creating safe spaces to have these conversations. Molly encourages women entrepreneurs to seek support and education to improve their financial confidence.   About Molly Knuth: Molly Knuth is a small-town Iowa girl who thought she wanted to be a high school teacher. After 3 years instructing on all things Shakespeare and American authors and many years of subbing, life called Molly out of the classroom and into the role of stay-at-home mom. …AND THAT’S WHEN THINGS GOT INTERESTING. You see, being a stay-at-home mom was great, but Molly knew that she needed a little more. And she knew there were lots of small-town business owners in her hometown of Cascade, Iowa, who could use some assistance in their daily operations. So after helping one business owner set up his company on the new Facebook Business Pages and running some successful campaigns, another local owner reached out asking for social media help, then another and another, and in 2017 Molly Knuth Media was born. Since then, Molly Knuth Media has evolved from a solo freelance social media marketing operation to a one-stop shop marketing agency for small-town businesses. In 2024, Molly stepped away from the agency model and into the realm of being a Fractional CMO and Consultant for women-owned businesses looking to bring alignment and intention to their marketing. Molly also hosts The Found Podcast with Molly Knuth, helping women found businesses and find themselves along the way through holistic strategies and storytelling. Molly believes women can do big things from anywhere with a business that supports their goals and aligns with their ideal customers and clients. And she’s here to support you along the way.   Where to find Molly: Website: mollyknuthmedia.com Instagram: @mollyknuth_mkm for the business owner content and BTSInstagram: @mollyknuthmedia for the market-y stuff      financial management, business transition, CMO role, tracking numbers, financial goals, owner's pay, women entrepreneurs, safe spaces, financial confidence
32:2026/06/2024
163. 3 Lessons from 5 Years as a Small Business Researcher for QuickBooks

163. 3 Lessons from 5 Years as a Small Business Researcher for QuickBooks

6 Figure Saver is now open for enrollment until June 28th! Join us today: https://ginaknox.co/6-figure-saver    Episode Synopsis:  Gina Knox goes over the top 3 lessons she learned from being a small business researcher at QuickBooks for 5 years. She talks about her areas of expertise working with Field Services and Professional Services, learning about Product Based Businesses in the Sales Tax division, and finally her experience researching companies that were 2 million and above.
21:2525/06/2024
162. The SIMPLE Profit System

162. The SIMPLE Profit System

6 Figure Saver is now open for enrollment until June 28th! Join us today: https://ginaknox.co/6-figure-saver    Episode Synopsis:  Gina Knox introduces the SIMPLE Profit system in the 6 Figure Saver program, emphasizing the importance of financial management for business success. She outlines the components of the system and encourages entrepreneurs to take control of their finances to achieve long-term stability and growth.
15:0217/06/2024
161. Why your launches and sales feel so stressful

161. Why your launches and sales feel so stressful

Join The 5 Steps to Simple Profit Free Challenge happening in June and increase your profit this summer: https://ginaknox.co/challenge    Episode Synopsis:  In this episode, Gina Knox discusses the concept of future spending and its impact on stress levels, creative problem solving, and financial stability in business. She emphasizes the importance of transitioning from future spending to past spending and offers insights into managing money effectively. Gina also invites listeners to join her 5 Steps to Simple Profit Challenge to learn essential financial management skills.
11:1711/06/2024
160. Money mindset is your biggest overhead expense

160. Money mindset is your biggest overhead expense

Join The 5 Steps to Simple Profit Free Challenge happening in June and increase your profit this summer: https://ginaknox.co/challenge    Episode Synopsis:  In this episode, Gina Knox discusses the concept of money mindset and how it affects our financial decisions and actions. She explains that money mindset is the way we react to different money circumstances in our lives, and it can either support or hinder our financial success. Gina emphasizes the importance of having a positive money mindset and shares her own approach to handling financial challenges without getting overwhelmed. She encourages listeners to normalize common financial circumstances and focus their time and energy on money-making activities. Gina also promotes her upcoming free live challenge, 'The 5 Steps to Simple Profit,' where she will provide strategies and mindset coaching to help participants optimize their financial management.
11:5104/06/2024
159. 5 Steps to Simple Profit

159. 5 Steps to Simple Profit

Join The 5 Steps to Simple Profit Free Challenge happening in June and increase your profit this summer: https://ginaknox.co/challenge    Episode Synopsis:  In this episode, Gina introduces her new live challenge, "The 5 Steps to Simple Profit," focusing on essential CEO skills for managing business finances. She delves into the core topics of expenses, projections, savings, owner's pay, and debt, providing strategies to simplify and increase profit. Gina emphasizes the importance of mastering these skills for long-term business success and financial stability. By thinking strategically about your business expenses and planning ahead, you can ensure consistent growth and profitability. Gina also addresses common pitfalls like inconsistent income and ad hoc payment strategies that can undermine financial stability. Transform your financial management by joining this comprehensive and practical challenge.
13:3728/05/2024
158. From 42k in credit card debt to home owner in 12 months with Genieva Davidson

158. From 42k in credit card debt to home owner in 12 months with Genieva Davidson

Join The 5 Steps to Simple Profit Free Challenge happening in June and increase your profit this summer: https://ginaknox.co/challenge    Episode Synopsis:  Genieva Davidson, a publicist, shares her journey of paying off $40,000 in credit card debt and the mindset shifts she experienced along the way. Initially resistant to the save first, pay off debt last method, Genieva eventually embraced it and found peace in seeing her savings grow. She learned to overcome regret and view debt as a tool for business growth.Genieva also discusses the impact of money mindset on her selling energy and the importance of setting boundaries with clients. She shares her experience of living on a boat and her plans to buy property. In this conversation, Genieva shares her journey from van life with a toddler to financial stability and homeownership. She discusses the challenges of running a business while living in a van and the impact it had on her family. Genieva talks about her financial situation before joining 6 Figure Saver, including debt and inconsistent income. She highlights the transformation she experienced after joining the program and learning money management skills. Genieva also emphasizes the importance of involving her spouse in financial decisions and overcoming limiting beliefs. She shares her future financial goals and introduces her business and services. About Genieva: Genieva Davidson is owner of Genieva Bliss Media that specializes in PR through press and podcast interviews. After being a PR assistant for a few years, she learned the industry and saw what was needed to stand out among pitches. Through relationship building and efficient systems, Geneva has landed her clients features in BBC, Forbes, New York Post, Mind Body Green, Women’s Health, podcasts with over 23 million downloads, and more. Where to find Genieva: Website: https://genievablissmedia.com Social: https://www.instagram.com/genievablissmedia 
39:3120/05/2024
157. How your menstrual cycle affects your money decisions with Jacqueline Renne

157. How your menstrual cycle affects your money decisions with Jacqueline Renne

Get my top money philosophies for entrepreneurs to have longevity and build wealth here: https://ginaknox.co/email-list    Episode Synopsis:  Jacqueline Renne, the menstrual mogul, discusses how the menstrual cycle influences spending habits. She breaks down the cycle into four phases: the menstrual phase (winter), the follicular phase (spring), the ovulatory phase (hot girl summer), and the luteal phase (back to school). During the menstrual and follicular phases, women tend to be more level-headed and reflective about their spending. In the ovulatory phase, women may spend on things that enhance their appearance. In the luteal phase, stress spending and panic spending may occur. Jacqueline emphasizes the importance of supporting hormonal health through proper nutrition and self-care to mitigate emotional spending.   About Jacqueline: Jacqueline is a Cycle Sync coach for female entrepreneurs. As an 11 year vet in the online space, she realized the secret to building a sustainable business and avoiding burn out is by using a 'cycle centered process' where your hormones + their superpowers are the main character. Jacqueline prides herself on educating women in a way that never makes them feel like they are in a classroom or doctors office so that the information can trickle down to all generations of females!   Where to find Jacqueline: Website: https://www.menstrualmogul.com/Instagram: https://www.instagram.com/menstrualmogul/Podcast: https://podcasts.apple.com/gb/podcast/the-menstrual-mogul-podcast/id1696198394
35:3407/05/2024
156. Why being a wealthy woman is the best thing Janae Young can be

156. Why being a wealthy woman is the best thing Janae Young can be

Apply for 7 Figure Wealth Today: https://ginaknox.co/mastermind    Episode Synopsis:  Janae Young, a college admissions coach and entrepreneur, shares her journey of starting a tutoring business at 15 and scaling it into a successful company. She then transitioned into the college admissions space and built a multiple six-figure business by the age of 22. Janae joined 7 Figure Wealth to gain control over her finances and learn how to invest. As of today, she has invested $166,754 in the market and is projected to have over $12 million by the time she retires. Janae emphasizes the importance of understanding your numbers and having a plan to achieve financial independence. In this conversation, Janae Young shares her experience of joining a wealth program and the benefits she gained from coaching. She discusses how coaching helped her overcome her fears and emotions around money and provided her with a safe space to be vulnerable. Janae also talks about her wealth goals, which include financial freedom, variety in her life, and the ability to give back to her community. She emphasizes the importance of having an exit strategy and income sources outside of her business. Janae recommends the wealth program to those who want to plan for their future and have more flexibility and variety in their lives. About Janae Young: Janae Young is a college admissions coach and Stanford University Alumni who has helped students around the world raise their test scores and navigate the college application process for over 8 years. After witnessing a need in her community, she founded her company at 15 years old in Wilmington, NC to help students achieve personal and academic success. Over the last 8 years as an entrepreneur, Janae has coached hundreds of students throughout the college application process to reach their dream schools including Stanford, Harvard, Cornell, UPenn, Columbia, Yale, Princeton, Dartmouth, etc. She now helps students raise their SAT/ACT scores and get accepted into highly competitive schools through her group coaching programs Ivy League Score and Ivy League Acceptance. As a multiple six-figure business owner at 22 years old, Janae hopes to utilize her passion for entrepreneurship and education to empower other students to accomplish their wildest dreams.    Where to find Janae: Website: www.janaetutoring.com Instagram: https://www.instagram.com/janaetutoring Facebook: https://www.facebook.com/janaetutoring1/ 
41:2705/05/2024
155. How Dielle Charon is on track to retire at 35 by using the stock market

155. How Dielle Charon is on track to retire at 35 by using the stock market

Apply for 7 Figure Wealth Today: https://ginaknox.co/mastermind     About Dielle Charon: 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. Where to find Dielle: Website: https://diellecharon.com/  Social: https://www.instagram.com/diellecharon/  Podcast:  https://diellecharon.com/podcast/ 
27:1403/05/2024
154. Creating a self funding wealth portfolio with Jocelyn Montemarano

154. Creating a self funding wealth portfolio with Jocelyn Montemarano

Apply for 7 Figure Wealth Today: https://ginaknox.co/mastermind    Episode Synopsis:  Jocelyn Montemarano, a video podcast editor and founder of a video podcast production agency, shares her experience in starting her own business. She started her business full-time in 2022 after losing her job and going through a company restructuring. Jocelyn emphasizes the importance of having a beginner's mindset and not being afraid to take the leap into the unknown. She also highlights the challenges of getting clients and consistent income as a beginner business owner. In 2022, Jocelyn Montemarano joined the program and achieved seven-figure wealth in late 2023. She felt settled and no longer had gaps in her income. She focused on building a foundation and feeling good about her business. Jocelyn mentioned that she was initially intimidated by the idea of achieving seven-figure wealth, but she realized that it was about focusing on what she needed right now. She didn't want to get distracted by shiny things and instead wanted to keep showing up and selling more. The conversation explores the desire to have both financial security and the ability to generate additional income. It discusses the tension between prioritizing long-term investments for retirement and the need for short-term income. The hosts highlight the importance of leaving investments untouched to allow them to grow over time. They also emphasize the negative consequences of not starting to invest early. The conversation explores the fear and uncertainty around retirement planning and the importance of starting early. It discusses the penalties associated with early withdrawal from retirement accounts and the need for financial advice. The conversation also touches on the intention behind joining Seven Finger Wealth and the importance of contributing to retirement savings. The speaker discusses the need to organize and understand her retirement accounts and investments. She feels overwhelmed and lacks confidence in managing her money. She mentions having a 401k and retirement accounts from previous jobs, as well as investments in the Stash app. She acknowledges the risk involved in investing and the fear of losing money. The speaker wants to feel more confident and knowledgeable about her financial situation. The conversation covers the topics of organizing and understanding investments, the potential risks and rewards of investing in stocks, and the importance of passive growth in investment accounts. Jocelyn consolidated all of her accounts and investments into one brokerage, which allowed her to see and manage her money more effectively. She realized the importance of building up her business savings and having a buffer for unexpected expenses. Jocelyn started giving herself consistent monthly bonuses and raises, which felt empowering. She also wanted to understand when to reinvest in her business and when to invest in other opportunities, such as real estate. In this part of the conversation, Jocelyn discusses the importance of reinvesting everything back into your business and not relying on it as a retirement plan. She shares her experience of working with wealthy entrepreneurs who still don't have retirement accounts. Jocelyn also talks about the need to assess risk and make decisions that make sense for your business. This conversation gave her the confidence to take money out of her business and not worry about it. The conversation explores the topic of real estate investing and how it has played a role in the guest's wealth goals. They discuss their experiences living in Airbnbs and the benefits of staying in unique properties. They also touch on the high cost of living in certain areas and the challenges of buying property in expensive locations. The conversation explores the concept of house hacking, which involves living in one portion of a property and renting out the other portion. The hosts discuss the popularity of house hacking in Denver and the potential for generating income through short-term rentals. They also mention the importance of finding properties that are suitable for house hacking and the benefits of investing in real estate. The conversation explores the decision-making process of investing in real estate versus the stock market. It discusses the benefits of real estate investing, such as cash flow and property appreciation, and the importance of having a plan. The hosts emphasize the need to have a separate guest suite and the value of having accessible funds for investments. They also advise against putting all your money in the stock market and suggest letting it grow in a high-yield savings account. The conversation explores the concept of building a wealth portfolio and how different financial elements work together. It discusses the idea of using a business to fund investments and how the investments can in turn fund the business. The conversation also touches on the importance of short-term and long-term financial goals. Building wealth and thinking about it outside of the business is non-negotiable. It relieves pressure and provides a comfort blanket. Taking care of future finances and family is important. Having a steady revenue stream and contributing to investments is crucial. Small bonuses and steady progress can make a big difference. The conversation highlights the importance of small investments and the power of compounding. It emphasizes that wealth accumulation doesn't always come from large lump sums, but rather from consistent and strategic small investments. The dopamine hit from seeing investments grow can be addictive, leading to a desire to invest more.   About Jocelyn Montemarano: Jocelyn Montemarano is the founder of Connect Through Content, where she supports experts and thought leaders to scale their resonance to reach more of the people who need their work. She does this through her Video Podcast Production and Case Study Sprint offers.   Where to find Jocelyn: Website: connectthroughcontent.com Social: @connectthroughcontent 
29:4301/05/2024
153. Hitting a financial goal even when you can't afford it now

153. Hitting a financial goal even when you can't afford it now

Sign up for the free wealth training on April 29th! https://ginaknox.co/masterclass  "Create 10k A Month In Passive Income Using A Wealth Portfolio"   Episode Synopsis:  In this episode, Gina shares a personal story about helping her friend achieve her financial goal of having a six-figure wedding, even though she didn't have the money or a partner at the time. Gina emphasizes the importance of dreaming big and starting to work towards your goals before you feel ready. She also highlights the power of financial planning and the ability of entrepreneurs to quickly make their financial goals a reality. The episode ends with an invitation to a free training on creating passive income through investing in the stock market.
14:4725/04/2024
152. From teenage immigrant to stock market investor with Jasmine Haitalani

152. From teenage immigrant to stock market investor with Jasmine Haitalani

Sign up for the free wealth training on April 29th! https://ginaknox.co/masterclass    Episode Synopsis:  Jasmine Hidalani shares her journey from a 6 Figure Saver to 7 Figure Wealth and her experience transitioning to the United States as an immigrant. She joined 6 Figure Saver to improve her money mindset and learn essential financial skills. Jasmine highlights the importance of paying yourself consistently, saving, and prioritizing financial well-being. She emphasizes the need to educate oneself about retirement, home ownership, and tax strategies. Jasmine's journey has empowered her to have conversations about money with her community and envision a future of financial stability and wealth.   About Jasmine Haitalani: Jasmine Haitalani is the CEO at her creative agency, Highflier Powerhouse where she guides industry leading 6 and 7 figure brands through rebranding and creative direction to stand out in their industry and convert cold leads. Her experience ranges from working at Kendra Scott to creating her own powerhouse brand she has today. She is the host of the Becoming the Brand podcast and has three signature offers: The Rebrand Experience, Design on Demand and Brand Revenue Lab.   Where to find Jasmine: Website: https://highflierpowerhouse.com/ Social: https://www.instagram.com/highflierpowerhouse/  Podcast: https://podcasts.apple.com/us/podcast/becoming-the-brand/id1631199471  Join her email list: https://highflierpowerhouse.com/email   
28:4918/04/2024
151. Why a having an million dollar investing identity is better than a million dollar business identity

151. Why a having an million dollar investing identity is better than a million dollar business identity

Register for the free wealth masterclass on April 29th: https://ginaknox.co/masterclass    Episode Synopsis:  In this podcast episode, Gina Knox discusses why it's so important to build a million dollar investing identity BEFORE building your million dollar business.
13:2211/04/2024
150. Work Optional Phase 3: Live off your investments

150. Work Optional Phase 3: Live off your investments

Register for the free wealth masterclass on April 29th: https://ginaknox.co/masterclass    Episode Synopsis:  In this podcast episode, Gina Knox discusses the concept of fully living off your investments, how to actually do that, how dividends work, how the 4% rule works, and how a wealth portfolio can make you FULLY financially independent from your business.
14:3603/04/2024
147. Becoming work optional

147. Becoming work optional

Register for the free wealth masterclass on April 29th: https://ginaknox.co/masterclass    Episode Synopsis:  In this podcast episode, Gina Knox discusses the concept of being work optional and why it is important for entrepreneurs. She shares her personal journey of career dissatisfaction and starting her own business. Gina defines work optional as the financial ability to not have to work to pay the bills. She emphasizes the importance of being work optional due to the uncertainty of future circumstances. Gina shares the story of her dad, who was work optional and how it provided financial security during his illness. She highlights the benefits of being work optional and breaks down the phases of achieving work optional status.
18:2803/04/2024
148. Work Optional Phase 1: Rich granny

148. Work Optional Phase 1: Rich granny

Register for the free wealth masterclass on April 29th: https://ginaknox.co/masterclass    Episode Synopsis:  In this podcast episode, Gina Knox discusses the concept of being a rich granny and how cheap it actually costs to fully retire yourself when you start now.
10:0903/04/2024
149. Work Optional Phase 2: Extended leave

149. Work Optional Phase 2: Extended leave

Register for the free wealth masterclass on April 29th: https://ginaknox.co/masterclass    Episode Synopsis:  In this podcast episode, Gina Knox discusses the concept of having a regenerating wealth portfolio that allows you to take an extended leave of absence from your business. Whether you want a paid maternity leave, to take a gap year, to take time to write a book, or anything else - your portfolio can buy that for you in a financially optimized way.
12:0303/04/2024
146. Live off your assets, not your business income

146. Live off your assets, not your business income

Join the waitlist for 7 Figure Wealth and get ready to apply when applications open on April 29th: https://ginaknox.co/mastermind     Episode Synopsis:  In this episode, Gina Knox introduces the waitlist for the 7 Figure Wealth mastermind program. She explains that the program focuses on building wealth outside of one's business by leveraging the stock market, real estate, and debt management. Gina shares her personal journey and how she fell in love with her business while still working towards early retirement. She highlights the success stories of previous program participants who have doubled their investments and set themselves up for financial security. Gina emphasizes the importance of starting early and offers a launch bonus for those who join the program.
14:5901/04/2024
145. Personal Spender Series: Emotional spending

145. Personal Spender Series: Emotional spending

Learn more about working with Gina https://ginaknox.co/     Episode Synopsis:   In this episode, Gina discusses emotional spending and its impact on financial goals. She shares a client story about impulsive emotional spending and explores the reasons behind it. Gina defines emotional spending as using money to seek a dopamine hit or escape negative emotions. She provides examples of emotional spending, such as shopping when sad or buying a plane ticket to escape unhappiness. Gina explains why emotional spending doesn't work in the long term and how it can hinder financial progress. She also addresses the connection between emotional spending and ADHD, and encourages listeners to redirect their spending towards their true desires.
16:4429/03/2024
144. Personal Spender Series: Convenience spending

144. Personal Spender Series: Convenience spending

Learn more about working with Gina https://ginaknox.co/     Episode Synopsis:  In this episode, Gina Knox discusses convenience spending and its impact on personal finances. Convenience spending refers to spending money to minimize emotional or physical labor in the moment, providing instant but short-lived relief. Gina provides examples of convenience spending, such as ordering food or taking an Uber instead of public transit. She emphasizes that convenience spending is a short-term solution to a long-term problem and encourages listeners to evaluate the worth and value of their convenience spending. Gina also highlights the importance of differentiating between convenience food and joyful food, and urges listeners to consider how they want to spend their personal capital.
10:5329/03/2024
143. Personal Spender Series: People pleasing spending

143. Personal Spender Series: People pleasing spending

Learn more about working with Gina https://ginaknox.co/     Episode Synopsis:  In this episode, Gina Knox discusses people pleasing spending and how it is a waste of personal capital. She provides examples such as saying yes to being a bridesmaid or going on trips that you don't want to go on, all in an effort to control other people's thoughts and feelings about you. Gina emphasizes that people pleasing spending is ineffective because you cannot control how others perceive you, and it often involves spending money on things that don't bring you joy or align with your values. 
09:5529/03/2024
142. Personal Spender Series: Identity spending

142. Personal Spender Series: Identity spending

Learn more about working with Gina https://ginaknox.co/     Episode Synopsis:  In this episode, Gina Knox discusses the concept of identity spending and why it should be avoided. Identity spending refers to spending money on things you cannot currently afford in order to buy into a future identity that you desire. Gina explains how to identify identity spending and provides examples of common scenarios. She also distinguishes between value spending and identity spending, emphasizing the importance of aligning spending decisions with personal values. Gina highlights the ineffectiveness of identity spending, as it does not actually help in achieving the desired identity. She shares a personal example of prioritizing values over identity and discusses the negative consequences of identity spending. Finally, Gina encourages listeners to cut out or minimize identity spending and focus on value spending instead.
10:0629/03/2024