Episodi
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Read the full blog post here: https://theretiredmillennial.substack.com/p/her-fi-story-no-3-gina-31-20000000
In this episode, Gina Knox discusses her journey within the FIRE (Financial Independence Retire Early) community, emphasizing that one does not need to adhere to strict frugality to achieve financial independence. She shares her personal evolution from a frugal mindset to focusing on earning more money, breaking traditional FIRE rules, and embarking on a no-buy challenge as a creative exercise. Ultimately, Gina highlights the importance of building a fulfilling life today rather than merely escaping a 9-to-5 job, advocating for a balanced approach to financial security and personal happiness.
Timestamps:
00:00 - Introduction to Financial Independence and FIRE
03:14 - The Shift from Frugality to Earning More
05:58 - Breaking Traditional FIRE Rules
09:13 - The No-Buy Challenge and Personal Growth
12:09 - Building a Life You Don't Want to EscapeCategory: Investing
Keywords: Financial Independence, FIRE, Frugality, Earning More, No-Buy Challenge, Personal Growth, Wealth Building, Money Mindset, Work Optional, Life Design, Small Business, Entrepreneurship, Entrepreneur, Business Owner
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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 Thriving
00:58 - Understanding Revenue Decline
05:09 - The Risks of Big Swings
08:05 - Lowering Expenses: A Practical Strategy
12:20 - Long-Term Business Strategy
17:00 - Managing Finances Through Booms and Busts
20:25 - Making Your Business Profitable AgainCategory: Debt
Keywords: small business, financial stability, revenue decline, expense management, business strategy, financial literacy, economic cycles, profitability, business growth, financial coaching
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Episodi mancanti?
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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 Solutions
02:56 - Understanding the Emotional Impact of Debt
06:09 - Identifying Core Problems Leading to Debt
08:50 - Strategies for Debt Payoff
12:06 - Overview of Small Business Money SchoolCategory: 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
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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 Anxiety
07:13 - The Myth of the Windfall
11:56 - Strategies for Sustainable Debt ManagementCategory: Debt
Keywords: debt, debt payoff, entrepreneurship, financial stability, cash flow, windfall, business expenses, debt management, financial anxiety, investment strategies
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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 Mastery
03:14 - Understanding Double Debt
06:04 - The 3 Core Problems That Leade to Debt
08:57 - Strategies to Avoid Double Debt
12:10 - Conclusion and Call to ActionCategory: Debt
Keywords: debt management, double debt, cash flow strategy, expense strategy, tax strategy, business finance, debt consolidation, financial planning, business owners, debt masterclass
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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/masterclassJoin 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 Journey
02:48 - Understanding Unchurched Women and Their Faith
06:04 - Escaping the Cult: A Personal Story of Liberation
08:53 - From Struggles to Success: Education and Career Path
12:09 - Transitioning to a Dating Coach: The Journey Begins
14:48 - Navigating Marriage and Divorce as a Dating Coach
18:12 - Empowering Women of Faith: The Mission
20:53 - Financial Growth and Challenges in Business
24:13 - Lessons Learned: Spending and Financial Awareness
26:06 - The Journey to Financial Neutrality
30:39 - Building a System for Financial Management
34:43 - Understanding and Managing Debt
38:33 - Transforming Perspectives on Debt
45:10 - The Power of a $19 DressCategory: 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
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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: @exhalerva
Facebook: Exhale Myofascial Release RVA
Timestamps:00:00 - Introduction to Patti Calkins
03:37 - Financial Growth and Challenges
08:51 - Transformative Year in Money School
14:02 - Owner's Pay and Financial Management
18:08 - Generational Shifts in Spending Mindset
20:13 - Understanding Money Mindset and Overspending
22:44 - Navigating Debt and Financial Decisions
24:30 - Retirement Planning and Financial Security
26:21 - The Importance of Early Retirement Savings
30:49 - Financial Stability for Future Generations
32:39 - Breaking the Cycle of Financial InstabilityCategory: 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
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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 Lessons
02:50 - Childhood Memories and Parental Influence
05:45 - Cultural Background and Family Heritage
09:05 - Understanding Money in Childhood
11:52 - Transitioning from Youth to Adulthood
15:05 - Adulthood and Family Goals
18:04 - Value Spending vs. Justification Spending
28:05 - Family Traditions and Culinary Heritage
30:21 - Financial Preparedness for Life's Final Chapter
35:49 - Facing Death: Acceptance and Planning
42:04 - Evolving Relationship with Money
51:05 - Life Lessons: Values and Financial WisdomCategory: 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
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Apply for the 7 Figure Wealth Mastermind Today! https://ginaknox.co/mastermind
Enrollment for this fall round is open October 7th - 11th 2024
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Apply for the 7 Figure Wealth Mastermind Today! https://ginaknox.co/mastermind
Enrollment for this fall round is open October 7th - 11th 2024
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Apply for the 7 Figure Wealth Mastermind Today! https://ginaknox.co/mastermind
Enrollment for this fall round is open October 7th - 11th 2024
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Apply for the 7 Figure Wealth Mastermind Today! https://ginaknox.co/mastermind
Enrollment for this fall round is open October 7th - 11th 2024
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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 Journey
03:35 - Transitioning from Academia to Entrepreneurship
08:19 - Stabilizing Finances and Setting Wealth Goals
14:12 - The Farm as a Legacy Project
17:54 - Dreams Change: The Evolution of Goals
25:17 - Making Tough Decisions: Selling the Dream House
36:38 -Empowering Future Generations Through Financial StabilityCategory: Wealth
Keywords: Cathy Mazak, entrepreneurship, wealth building, financial stability, farm business, retirement planning, women's empowerment, business coaching, legacy project, personal finance
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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. Advising
10:07 - When Financial Advisors Are The Wrong Move
17:30 - Empowering Clients Through Financial LiteracyCategory: 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
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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 Background
About Nikkei Lamodi
02:25 - Motivation for Working on Wealth Building
04:12 - Challenges with Financial Advisors
12:58 - Dealing with Personal Loss
15:31 - Arriving and Discovering Hoarded Belongings
21:14 - Humorous Discoveries and Anecdotes
26:06 - Grief and Administrative Work
27:48 - Navigating the Emotional Rollercoaster of Grief
32:06 - Finding Growth and Self-Discovery in Grief
37:04 - Desensitization to Money: Viewing Assets vs. Personal Worth
39:33 - Redefining Success: Moving Beyond External Indicators
43:08 - The Quirks and Humor of Unconventional WillsNikkei 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=enCategory: 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
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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 Revenue
03:12 - Breaking the Myth: Wealth Without Business Growth
05:59 - Building Wealth: The Path to Financial FreedomCategory: Wealth
Keywords: wealth identity, million dollar business, income generating assets, financial freedom, entrepreneurship, wealth building, business growth, personal finance, investment strategies, generational wealth
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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 Background
About Cara Kovacs
02:25 - Motivation for Working on Wealth Building
04:12 - Challenges with Financial Advisors
12:58 - Dealing with Personal Loss
15:31 - Arriving and Discovering Hoarded Belongings
21:14 - Humorous Discoveries and Anecdotes
26:06 - Grief and Administrative Work
27:48 - Navigating the Emotional Rollercoaster of Grief
32:06 - Finding Growth and Self-Discovery in Grief
37:04 - Desensitization to Money: Viewing Assets vs. Personal Worth
39:33 - Redefining Success: Moving Beyond External Indicators
43:08 - The Quirks and Humor of Unconventional WillsCara 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/carakovacscoachingCategory: Wealth
Keywords: wealth building, financial advisor, personal finances, administrative work, hoarding, grief, grief, self-compassion, growth, desensitization to money, indicators of success, unconventional will
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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 Mastermind
06:29 - The Value of Time in Investing
11:09 - Why You Should Start Investing Now
14:21 - Why Business Owners Need A Passive Income Portfolio
17:11 - Avoid Relying Solely on Your BusinessCategory: Wealth
Keywords: passive income, entrepreneurs, multiple income sources, retirement, financial stability, investing, stock market, time value of money, wealth portfolio, business owners
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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 Priorities
01:25 - The Difference Between Financial Desires and Priorities
04:21 - Building Savings and Paying Off Debt
05:16 - Investing for Financial Freedom
08:35 - Aligning Desires with the Budget
11:10 - 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
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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 Owners
02:23 - The Impact of Personal Budget on Business
07:06 - Aligning Personal Budget with Revenue Goals
13:20 - Preventing Burnout with a Balanced Personal Budget
17:18 - The Dangers of Lifestyle Creep and Financial Pressure
19:34 - 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
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