E. 91: How to Gain Financial Safety and Feel Financially Secure (Even if You Don't Have Lots of Money in the Bank)
I bet you have a number you want to make each month. Maybe it’s the holy grail of making six figures. Or maybe it’s the amount of cash you want to have in your bank account.
We all have some number in our heads that we think, when I have that amount, when I’m making that much money, then I will feel safe. I will feel secure and stable and I can breathe in my business.
When we first started in 2011, $10,000 a month was our holy grail number. I felt like if I could get to that level, everything would feel solid and I would feel okay.
And I hustled to get there. We opened for business in March, I started networking in June, pounding the pavement meeting everyone I possibly could, and by August 2011, we hit our first $10,000 month.
And it felt like such a sweet victory to have made it there.
The problem was, that was now my benchmark. The months after that when I didn’t hit $10,000, I felt like a failure. And it didn’t get rid of my stress, because I had to hustle for that money every month.
After many years in business, many nights stressing about money, and lots of personal work to shift how I felt about that security I was chasing, I have come to a very different conclusion about what it means to feel financially secure.
What I’ve realized is that it’s not about how much money you’re making in a month or in a year, or even how much money you have in the bank. None of those things is going to make you feel secure if you don’t know how to generate money.
So let’s talk about how to do that so you can be financially secure and financially free.
Find this episode for free on your favorite podcast player.
Tune into this episode to hear:
What bartending taught me about financial security
The pieces your business needs in place so you can feel confident about generating income
Why reinvesting in your business and building your skills will lead to more money in the bank than when you’re saving small amounts
