EPISODE 24: SHOW NOTES
Managing your money as a freelancer may not be the most fun part, but it’s crucial!
Just like making a profit – that’s important too if you want to replace your full-time income!
In this episode, Emily Volz talks through the essential components of an effective money management system that you need to reach your goals! This might sound hard, but it doesn’t have to be.
No matter where you’re at in your business’ growth, it’s never too early or too late to set up a good money management system! And if you want or need a personalized plan, connect with Emily here!
If you haven’t already, consider writing us a review on iTunes! You can do so by going here and clicking Ratings and Reviews!
**This post about how to build your freelance business on the side may contain affiliate links, which means if you click one of our affiliate links and decide to make a purchase, we receiveĀ a tiny commission from the seller at no additional cost to you. We only share products and services we have used, tested, and love ourselves!**
In this episode, we cover:
- Emily’s number one tip to make your finances easier (now and at tax time!)
- the 3 essential components of an effective money management system
Resources and links mentioned in this episode:
- My Free Resources
- Erin Condren discount code
- Profit First book
- Profit First Instant Assessment
- Become a Profit First Professional
- Live Free, Mama Facebook group
Overall I love the profit first mindset. Good news is there’s an easy way to implement it! It’s not totally free, but it is SO worth it and it’s fairly priced. Check out You Need A Budget (YNAB) for short (https://www.youneedabudget.com/). There is a free trial.
I’ve been using this for over 10 years and it absolutely follows the concept of the envelope system, but you don’t end up with a million bank accounts. It gives you so much control over how you’re prioritizing your money. With one subscription you can have as many “budgets” as you want (personal, business, for kids, etc.). This is NOT a budget that you set and forget. It adapts to your actual spending and income, and you set what you want to do with your money.
I recommend it to literally everyone who brings up the topic of finances with me. It has been the very best financial choice I’ve made for our family–hands down. I get nothing for promoting them. I’m just a long-time customer who LOVES what it’s done for my family and peace of mind., and I want to share it with everyone!
Profit First resources and the Instant Assessment mentioned in the podcast:
https://mikemichalowicz.com/free-resources/
This is great if you purchased the Audible version or plan to purchase the Audible version and still want the charts and visuals.