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Published on:

1st Feb 2022

Your Narratives About Money

What do we say to ourselves about money? Our internal narratives around money can be great catalysts to look a bit deeper and figure out what beliefs we have that are stopping us from having a healthy relationship with money.

We might think things like: money is evil, rich people are selfish, nobody will ever pay our asking price, I'll never have enough money to be safe and comfortable, or our market can't sustain the prices we need to charge.

In this episode about our internal narratives, we break down the thoughts we have about money that don't serve us, and how we can challenge and change them with the goal of having a more profitable relationship with money.

Transcript
Matt Stagliano:

Hi, this is Matt Stagliano and thanks for being

Matt Stagliano:

part of the artists Forge. We're a community of creatives who

Matt Stagliano:

help each other think like an artist. By discussing creativity

Matt Stagliano:

as a process instead of a skill or a talent. We believe everyone

Matt Stagliano:

has what it takes to create something amazing. We just need

Matt Stagliano:

some encouragement and inspiration along the way. What

Matt Stagliano:

you're about to hear is a live recording of one of our daily

Matt Stagliano:

discussions on the clubhouse app. If you like what you hear,

Matt Stagliano:

I encourage you to join our private Facebook group, or visit

Matt Stagliano:

us on the web at the artist forged calm. Now on to the show.

Nicole York:

Good morning, everybody. I hope you're having

Nicole York:

a fantastic morning so far. And your day yesterday was a

Nicole York:

wonderful one. And welcome to Morning walk and talk with the

Nicole York:

artist Forge. We are continuing our conversations about money.

Nicole York:

This week. We've talked about money blocks, we've talked about

Nicole York:

all of the pieces we needed to expose around our beliefs with

Nicole York:

money, the beliefs that were limiting us from having the

Nicole York:

relationship with money, we want to have we talked about our

Nicole York:

internal narrative, and the thoughts that we think the ones

Nicole York:

we actually catch ourselves saying to ourselves around

Nicole York:

money. And we talked about how we can approach both of those

Nicole York:

things, from a perspective of reframing, challenging the truth

Nicole York:

of those thoughts, finding proof that will help us kind of break

Nicole York:

those thoughts and beliefs down and some of the things we can

Nicole York:

use to replace them. And today, we are actually going to start

Nicole York:

getting into some more specific practical things about money,

Nicole York:

things like setting goals, and making sure that we know, once

Nicole York:

we have addressed these negative thoughts, and these negative

Nicole York:

beliefs, or I should say limiting beliefs about money.

Nicole York:

What do we start doing afterwards? How do we start

Nicole York:

approaching things? How do we build our outlook, so that money

Nicole York:

becomes what it is, and, and not what we perceive it to be. And

Nicole York:

the reason this is important, as we've mentioned a couple times

Nicole York:

over the last couple of days, is that if we have the wrong idea

Nicole York:

about what money actually is and how it functions, we're never

Nicole York:

going to use it to the best of its abilities, because we're

Nicole York:

only aware of a few pieces of those things. And what I mean

Nicole York:

is, if you never learn, the way that the money system works,

Nicole York:

this exchange of value, and how it plays out across the entire

Nicole York:

spectrum of what money is used for, then you'll only really be

Nicole York:

able to benefit from the fact that you can spend it and not

Nicole York:

from the fact that you can invest it not from the fact that

Nicole York:

liquid assets are not the only way to add value long term value

Nicole York:

to your life in business. So education becomes a really

Nicole York:

incredibly important part of this equation, which is

Nicole York:

something all of us need. We're only going to touch on that part

Nicole York:

of things briefly. Because I think it's incumbent upon us to

Nicole York:

recognize when we need to encourage folks to go to other

Nicole York:

resources, where people are going to be able to give you the

Nicole York:

deep information that you can't necessarily get here. So I want

Nicole York:

to encourage everybody, we've already begun sharing some

Nicole York:

things on Facebook, some people have shared great resources,

Nicole York:

apps, things that can help gamify learning more about

Nicole York:

money, so that it becomes kind of an interesting and fun

Nicole York:

exercise. But if you know of websites, or advisers, or any

Nicole York:

place that you think is just really great in helping people

Nicole York:

understand what money actually is, and how it really can be

Nicole York:

used the way it functions on a larger scale, and not just in

Nicole York:

those small personal transactions. Please share that

Nicole York:

stuff in the Facebook group because I think we need that

Nicole York:

stuff. So today, we have to ask ourselves the question, now that

Nicole York:

I'm starting to change my mindset and approach and alter

Nicole York:

my limiting beliefs around money and pay attention to my internal

Nicole York:

narrative and what I say about money, so that the way I behave

Nicole York:

towards money becomes healthier, more helpful, how do I behave?

Nicole York:

What do I do? What are some of the practical steps we take

Nicole York:

next, in order to start approaching money in action?

Nicole York:

proper way. And I would really love to hear from the moderators

Nicole York:

this morning. They're all pretty amazing business people. And I

Nicole York:

know y'all have some great advice for moving forward well,

Nicole York:

from these wonderful businesses that you've built. So what's our

Nicole York:

next step? Guys? How do we start actually building this healthy

Nicole York:

relationship for ourselves and for our businesses?

Cat Ford-Coates:

I would say first and foremost, is doing

Cat Ford-Coates:

everything you can to disconnect your personal value for the

Cat Ford-Coates:

money that your business needs to thrive. Right, like, I'm

Cat Ford-Coates:

sitting here doing p&l and reviewing everything from the

Cat Ford-Coates:

whole year and looking at it and going, God, it's expensive to

Cat Ford-Coates:

run this thing. But being able to disconnect that personal

Cat Ford-Coates:

worth, from the money that your business needs for it to not

Cat Ford-Coates:

just survive, right, but to actually thrive, and to start

Cat Ford-Coates:

thinking about ways you can leverage the money that your

Cat Ford-Coates:

business generates, to have an impact, have the life you want

Cat Ford-Coates:

to have, right? Being able to create that separate entity from

Cat Ford-Coates:

yourself in an evidential way, like looking at numbers, is a

Cat Ford-Coates:

beautiful way of having evidence that like when I charge someone

Cat Ford-Coates:

$1,000, I don't get to keep the $1,000. Right, and understanding

Cat Ford-Coates:

like when somebody is like God, how can you charge that much?

Cat Ford-Coates:

Well, because really, at the end of the day, I only get to keep

Cat Ford-Coates:

like 35 40% of whatever it is that I'm making. So if I'm

Cat Ford-Coates:

charging you $1,000 That's not me. That's the business. And I

Cat Ford-Coates:

happen to earn about 350 of that. Does that make sense?

Nicole York:

Yes, so much. And I think that's so important. So

Nicole York:

beginning to understand that your business is its own thing.

Nicole York:

It requires its own income apart from what you earn. And so when

Nicole York:

you talk about your relationship to that money, how do folks

Nicole York:

actually like mentally and emotionally divorce themselves

Nicole York:

there? Is this really just a question of, like looking at? So

Nicole York:

for people who have never heard of p&l, that just means profits

Nicole York:

and losses, right? So for, for people who are really just

Nicole York:

beginning to get into business? How do they actually do that

Nicole York:

step? Because it's not as easy as it seems it should be, don't

Nicole York:

you think?

Cat Ford-Coates:

Don't think, oh, sorry.

Bassam Sabbagh:

Sorry, I was just gonna say that. awarenesses

Bassam Sabbagh:

is what it's all about. I think people can start by simply

Bassam Sabbagh:

learning about, you know, the mumbo jumbo and the language of

Bassam Sabbagh:

money and what these fundamental things mean, that's a great

Bassam Sabbagh:

place to start. Because once you learn, you can kind of start

Bassam Sabbagh:

putting things together and things start making

Nicole York:

its way into for you to jump back in.

Cat Ford-Coates:

Oh, okay. Sorry, I was just waiting. Um, I

Cat Ford-Coates:

like that, being able to take a look at what it costs to create

Cat Ford-Coates:

the thing, right, whether it's a, I don't know, a carburetor

Cat Ford-Coates:

for your engine, or portrait for a client, or even just what it

Cat Ford-Coates:

costs to execute a session. Right? Whether you're selling

Cat Ford-Coates:

those images separately, or you're selling all inclusive

Cat Ford-Coates:

packages, it's going to cost the business money to create

Cat Ford-Coates:

anything. And one of the things that new business owners really

Cat Ford-Coates:

get into kind of a bad habit of is not considering the time that

Cat Ford-Coates:

they're going to, to spend on doing X, Y or Z. So they're

Cat Ford-Coates:

looking at hard costs and going okay, well, a makeup artist

Cat Ford-Coates:

might be this, and maybe I'm gonna rent something from a

Cat Ford-Coates:

costume place. And then all of the startup pieces, right, like,

Cat Ford-Coates:

are you using natural light? Are you buying lights? What about

Cat Ford-Coates:

the cost of your camera, like all of the things, but then not

Cat Ford-Coates:

considering the time that they're going to spend on doing

Cat Ford-Coates:

the thing, right, the time that it's going to take to shoot any

Cat Ford-Coates:

email or phone correspondence, a consultation, editing, meeting

Cat Ford-Coates:

with the client for the sales process or the selection

Cat Ford-Coates:

process, like at the end of the day. If we're looking at a

Cat Ford-Coates:

photoshoot, right, you've spent probably close to 10 to 15 hours

Cat Ford-Coates:

just on Planning execution. And not consider putting $1 amount

Cat Ford-Coates:

on that, like you would for an employee is a huge mistake.

Cat Ford-Coates:

Because while you want to disconnect yourself from what

Cat Ford-Coates:

your business needs, your business is going to need

Cat Ford-Coates:

somebody to spend that time regardless of whether or not

Cat Ford-Coates:

it's you or contract labor. Right? So put $1 amount on it,

Cat Ford-Coates:

so that it can stay separate, right? Maybe you just want to

Cat Ford-Coates:

own the business and you don't want to work in it. Right? Okay,

Cat Ford-Coates:

well, what's it gonna cost you to own it? What's it gonna cost

Cat Ford-Coates:

you to still be able to execute and just employ other people to

Cat Ford-Coates:

do so the further you can disconnect, you. I think the

Cat Ford-Coates:

faster you'll get to that space where you can appreciate the the

Cat Ford-Coates:

money that's needed, so that you're not playing in the space

Cat Ford-Coates:

of oh, God, nobody's gonna pay for that. Well, like, surely

Cat Ford-Coates:

somebody will, because it's a business model. And if it's a

Cat Ford-Coates:

business model, then that means it's worked for other people.

Cat Ford-Coates:

Who is who else has it worked for? And why are they

Cat Ford-Coates:

successful? Versus Why are you not there? Yeah.

Nicole York:

Oh, you said so many good and important things

Nicole York:

that I hope people were really paying attention to. But I think

Nicole York:

for me, the the biggest takeaway from that is I have to look at

Nicole York:

myself as a business expense. I am a business expense. And while

Nicole York:

yes, I may be the owner, the proprietor all of the things,

Nicole York:

I'm also an expense to my business. So I have to structure

Nicole York:

the business, as if I was anybody else that business was

Nicole York:

going to pay and recognize that, you know, just like you said,

Nicole York:

all the time that I'm spending, if I was doing that for another

Nicole York:

business, what would I be getting paid for that time? And

Nicole York:

how does that play into what I then have to charge and it's, I

Nicole York:

think it becomes so much easier to say, with confidence, you

Nicole York:

know, that this is going to cost $1,200 $1,600, whatever it is

Nicole York:

that you're charging, when you can look at those numbers, and

Nicole York:

have those as concrete proof of what it actually costs to run

Nicole York:

the entire ship. And I think you're right cat, so many of us

Nicole York:

only look at the hard costs, and go, Okay, you know, it's gonna

Nicole York:

cost me this much to have this photoshoot happen. And then we

Nicole York:

work for 42 hours, and we pay ourselves for five of them. It's

Nicole York:

it's kind of amazing. And of course, for many of us, when

Nicole York:

we're first starting up, that's going to kind of be the hard

Nicole York:

side of the equation, right? Oftentimes, we are not going to

Nicole York:

be paying ourselves what we are worth in order to get things off

Nicole York:

the ground. But it certainly should never stay that way. Most

Nicole York:

of us don't begin in the art world with, you know, startup

Nicole York:

capital, most of us are kind of beginning off our own backs,

Nicole York:

oftentimes, while we're working other jobs as well, to try to

Nicole York:

push this thing into, it's standing on its own two feet.

Nicole York:

And so many of us will just work ourselves into the ground, and

Nicole York:

never actually make the plans that we need to for our

Nicole York:

business. So that as soon as we are becoming profitable, the

Nicole York:

money is all going to the right places. And now we are actually

Nicole York:

a proper business expense, and not just kind of leeching off of

Nicole York:

our company. Yeah, I actually just like that leeching off of

Nicole York:

our company. I mean, that's that's kind of what it comes. So

Nicole York:

before you can do anything else, make sure that if you are going

Nicole York:

to try to live off of your ability to create value for

Nicole York:

other people, that you understand what you are getting

Nicole York:

from the equation, and what your business is getting from the

Nicole York:

equation. And we're going to talk about running the numbers

Nicole York:

as part of the business section when we get into that. Coming up

Nicole York:

next week, we're going to talk about running the numbers. But

Nicole York:

if you weren't here for the last conversation we had where I

Nicole York:

brought this up, what you have to do is not only look at your

Nicole York:

personal income, and how much you need to earn, in order to

Nicole York:

not just survive, but live a life you're happy to live, which

Nicole York:

includes things like health insurance, and vacations. Then

Nicole York:

you need to turn around and look at what it costs your business

Nicole York:

to survive as well. Including things like keeping the lights

Nicole York:

on and heat and the replacing your gear and insurance for your

Nicole York:

gear and all of those things. And when you add those up

Nicole York:

together, you're going to find that running a business is way

Nicole York:

way, way, way more expensive than you thought it was. And you

Nicole York:

You have to ask yourself, Is it worthwhile to try to make this

Nicole York:

my life understanding that this is what I have to earn in order

Nicole York:

to pay myself and my business so that my business can grow long

Nicole York:

term? Maybe it can scale long term? Maybe we can hire people,

Nicole York:

maybe maybe we can bring in, you know, assistance and other

Nicole York:

things? Is it worth doing that? Or would I be happier, staying

Nicole York:

at my job and doing this for fun, because many of us get

Nicole York:

sucked into the business without asking ourselves whether we

Nicole York:

actually want to be business people. So all of this is

Nicole York:

important to know, before getting into next week, because

Nicole York:

it affects your relationship with money. If you if you don't

Nicole York:

do these things in advance, and you haven't worked on your

Nicole York:

relationship to money in advance, when you start getting

Nicole York:

into the business side of it, you're going to start resenting

Nicole York:

the whole thing, you're going to feel like your customers are

Nicole York:

taking advantage of you because you haven't set up the proper

Nicole York:

pricing that's going to allow you to feel like your time is

Nicole York:

valuable. So, so, so, so important to get this stuff

Nicole York:

early on, before the business gets up and off the ground.

Nicole York:

All right. So I see we have some hands, and we definitely gonna

Nicole York:

grab people. But we want to make sure that the rest of the mods

Nicole York:

today have a chance to share their thoughts on what the next

Nicole York:

steps are. So for anybody just joining us, we're talking about

Nicole York:

our relationship to money this week. And we've talked about our

Nicole York:

limiting beliefs around money. We've talked about our internal

Nicole York:

narratives, the thoughts, we actually hear ourselves think,

Nicole York:

when it comes to money. And now we're talking about what the

Nicole York:

next steps are. So once we recognize those things, and we

Nicole York:

know that we are working on making them healthier, and more,

Nicole York:

more valuable to us, what do we do next? What are the next

Nicole York:

steps, and we just mentioned with cat, the fact that you have

Nicole York:

to divorce yourself from the value that your business creates

Nicole York:

and recognize that you are a business expense, you you get

Nicole York:

paid a portion of what your business earns, you don't get

Nicole York:

the whole thing and then kind of we'll send out to your business

Nicole York:

as it's needed. So Matt besom, Becca, Coach, what are some of

Nicole York:

the other next steps that we can take? In actually living this

Nicole York:

healthy relationship with money, I'm not just talking about it.

Matt Stagliano:

I know you've heard beside them. And I and

Matt Stagliano:

several others mentioned it time and time again. But Mike McCalla

Matt Stagliano:

wits is Profit First is a great book to read, because it starts

Matt Stagliano:

to help you implement the systems, you need to organize

Matt Stagliano:

the money now. So now that you know that you're an expense, and

Matt Stagliano:

that you have much more that goes into your relationship with

Matt Stagliano:

money in the business, and how you need the money to run the

Matt Stagliano:

business, and what you need to profit and take home and

Matt Stagliano:

actually live off of your business. Having structures and

Matt Stagliano:

processes in place we'd like we've talked in every aspect of

Matt Stagliano:

art and business. Having those processes and workflows and

Matt Stagliano:

systems in place is going to help you grow over time. Right.

Matt Stagliano:

And I'm generally at the beginning stages of this, I did

Matt Stagliano:

everything wrong for the first couple of years of my business,

Matt Stagliano:

and did not have good systems in place for my money. Now that I'm

Matt Stagliano:

starting to implement that. It's amazing what holes you start to

Matt Stagliano:

plug what deficiencies you see, and how efficient you actually

Matt Stagliano:

can become with not only paying yourself, but keeping the

Matt Stagliano:

business growing and thriving. So I'm a big advocate for

Matt Stagliano:

putting systems and processes in place to really help manage this

Matt Stagliano:

stuff, rather than just saying I think it needs to be X amount of

Matt Stagliano:

dollars. So I'm always going to advocate advocate for

Nicole York:

go, yes. And so you mentioned a book. Can you repeat

Nicole York:

that one more time for folks? And then if you can think of any

Nicole York:

other resources, that might be a good way for people to start

Nicole York:

learning about some of the systems that they can use to

Nicole York:

manage their money?

Matt Stagliano:

Yeah, it's Profit First by Mike McCalla

Matt Stagliano:

wits don't ask me to spell his last name, but Profit First is

Matt Stagliano:

everywhere right now. It is a easy read. It's easy to set up

Matt Stagliano:

but there are some components to it. Other things that just kind

Matt Stagliano:

of turn my my brain around regarding money and a lot of

Matt Stagliano:

what Kat was talking about earlier with divorcing yourself

Matt Stagliano:

from you know the worth of the business. And your own personal

Matt Stagliano:

worth is Jensen sheroes you're a badass at making money. That's a

Matt Stagliano:

really good easy fun read. If you're struggle with any level

Matt Stagliano:

of money or have problems bringing it in. You're a badass

Matt Stagliano:

at making money by Jensen cero is a lot of fun to read.

Nicole York:

Okay, oh Some love that love that, you know, I'm a

Nicole York:

big fan of systems, I, I often think the more that I can keep

Nicole York:

my hands off the money my business needs, the better. So

Nicole York:

instead of having everything come to me, and then me having

Nicole York:

to dole things out, like I'm a parent, giving children and

Nicole York:

allowance, it's so much better for the money to come and just

Nicole York:

go where it needs to go often before I get my hands on it. And

Nicole York:

so in a big way, the system does that, so that I can take some of

Nicole York:

that pressure off my shoulders. But also, I know that the

Nicole York:

business is getting what it needs, so that I can continue to

Nicole York:

get paid. Like that's kind of the equation that's in my head.

Nicole York:

And having the systems in place just gives you that framework,

Nicole York:

so that you don't feel like you have to build everything from

Nicole York:

the ground up every time you make money. And by that I mean

Nicole York:

like, you don't have to go and look okay, okay, what needs to

Nicole York:

be saved? How much do I need to put away every month for, you

Nicole York:

know, renewing my membership to this thing? Or if I was to break

Nicole York:

Photoshop down for a year, like how much do I have to put away

Nicole York:

every month to make sure that's paid or whatever, it just kind

Nicole York:

of the process is so much smoother, and you get to remove

Nicole York:

a little bit of your executive function, like, whatever you

Nicole York:

have to give during that day, you get to remove that from the

Nicole York:

equation, so it becomes a lot easier. So I love that I hope

Nicole York:

folks really take that to heart and check those books out, we

Nicole York:

will make sure to link them in the Facebook group as well. I

Nicole York:

will get the Facebook group linked up at the top, I've been

Nicole York:

terrible about that, you'll have to forgive me, we'll get that up

Nicole York:

there. So you can you can climb in and see what people have

Nicole York:

already linked so far, what resources are there. So I love

Nicole York:

that. So we talked about making sure you divorce yourself from

Nicole York:

the value that your company is producing the monetary value

Nicole York:

your company is producing you are an expense, we talked about

Nicole York:

making sure that you have systems in place and that you

Nicole York:

are getting educated around the language of money. Like Tom

Nicole York:

said, what are some other things we can do guys some practical

Nicole York:

things that we can do moving forward to make sure that we are

Nicole York:

in the right relation to our money before we start really

Nicole York:

getting serious about this?

Nicole York:

We all require I mean?

Unknown:

Well, I think I think when I think about money, I know

Unknown:

we just talked about divorcing it. But I also think like you

Unknown:

have to re marry yourself to it and know what it's worth in your

Unknown:

life. You're exchanging time with your family. So your kids,

Unknown:

what does that worth to you? You know, I think of my kids all the

Unknown:

time. I only get them once. As they're coming to me right now.

Unknown:

Can you bring papi Sure. See, but I left a job that I really

Unknown:

loved that was paying me a salary on the notion that I

Unknown:

wanted to be with my kids more. So now if I turned around, and I

Unknown:

exchange that for 60 hour workweeks to keep a business

Unknown:

afloat in my staying true to the first value that I that I gave

Unknown:

up or that I went to. So what is that time? What is the monetary

Unknown:

thing that's going to say that this value exchange is

Unknown:

worthwhile for me to potentially miss the thing. And so I think

Unknown:

like, I think of that often, I also think the other part about

Unknown:

systems and data is data. Data tells you unemotionally where

Unknown:

you need to make moves and what you need to do more of. So

Unknown:

having systems that collect data is critical, because they too

Unknown:

many people fumble in business, they just kind of hop from thing

Unknown:

to thing to thing to thing with no clue on what to do. And

Unknown:

that's because they're not collecting any data to actually

Unknown:

know what's working. And

Nicole York:

I hope you were listening to that. Because it's

Nicole York:

a big deal.

Bassam Sabbagh:

Yeah, no, I really want to enforce what

Bassam Sabbagh:

David said, because as we prepare for the nuts and bolts

Bassam Sabbagh:

that we're going to be dealing with the next month or next few

Bassam Sabbagh:

weeks. I think it's important to, I've always say, design your

Bassam Sabbagh:

business backwards from the lifestyle you want to live. So

Bassam Sabbagh:

the first thing to start with and it's a bit what David was

Bassam Sabbagh:

saying is what lifestyle do I want to live? Do I want to be

Bassam Sabbagh:

with my kids go I want to travel two months a year do I want to

Bassam Sabbagh:

work 60 hours a week or 20 hours a week? And so that's some

Bassam Sabbagh:

that's an exercise that I would suggest we all go through as we

Bassam Sabbagh:

prepare for next week, which which will make the numbers make

Bassam Sabbagh:

more sense and be more conducive for where you want to be in

Bassam Sabbagh:

life?

Nicole York:

Yep, Absolutely. And I'm just going to repeat

Nicole York:

that one more time, before we start bringing up friends in the

Nicole York:

audience. What role is money playing in our life? I mean,

Nicole York:

that's, that's a pretty big one. And for some of us, our business

Nicole York:

is a secondary income, that gives us a lot more leeway in

Nicole York:

our decision making. For others of us, it is our only source of

Nicole York:

income. And it's the facilitator that allows us to do the things

Nicole York:

that we want to do in our lives, we have to know what that's

Nicole York:

gonna look like, particularly, if you're just getting started

Nicole York:

up, you have the next couple years to grind through to build

Nicole York:

yourself into something profitable, most businesses are

Nicole York:

going to lose money for the first few years, before they

Nicole York:

ever become profitable. And you have to look at what that looks

Nicole York:

like in your life. Is that a sacrifice you're willing to

Nicole York:

make? And like David said, understanding that value to your

Nicole York:

life, and how much it costs you because time is the one thing

Nicole York:

you can't get back, you're always going to be able to make

Nicole York:

more money, but you never going to be able to make more time.

Nicole York:

And I've heard it said, I don't remember where that the secret

Nicole York:

of the Ultra Rich is that they understand the value of time.

Nicole York:

And then there's this, this other thing that if you have

Nicole York:

money, you have no time. And if you have time, you have no

Nicole York:

money. I don't think that that's entirely true. But I think it

Nicole York:

kind of speaks to the fact that the most one of the most

Nicole York:

important parts of our relationship to money is the

Nicole York:

question of time. And when you begin to understand that and

Nicole York:

start finding out how that actually plays out in your life,

Nicole York:

like, as I was writing a novel this last month, my little guy,

Nicole York:

my eight year old, came in hopped into bed with me. And he

Nicole York:

said he was very upset that nobody would play with him. But

Nicole York:

it was late. It was like, it was 830 at night, so he was getting

Nicole York:

ready to go to bed anyway. And I know I say late 830. People are

Nicole York:

like, what are you an old lady? Yes, I Yeah. So he was upset

Nicole York:

that nobody would play with him. And I was telling him, buddy,

Nicole York:

everybody's getting ready for bed, they want to relax now. And

Nicole York:

then he told me that he never asked me to play with him

Nicole York:

anymore, because I was always writing. And of course, like,

Nicole York:

bam, kick to the chest right made me feel super guilty. But I

Nicole York:

had to recognize, number one that was only for a short period

Nicole York:

of time, where I really had to just kind of devote myself to

Nicole York:

one project until it was finished, it wasn't going to

Nicole York:

become the pattern for the rest of our lives. But if it had been

Nicole York:

if that was what I had to do, to earn the money to put food in

Nicole York:

his mouth. If I wanted to earn that money by running my own

Nicole York:

business, was that a sacrifice I would be willing to make? It's a

Nicole York:

real question that we have to ask ourselves, because it's

Nicole York:

going to influence how you feel about the money you earn later

Nicole York:

on. It's going to influence how you feel about your art. It's

Nicole York:

going to influence how you feel about the customers that you

Nicole York:

work with. If every time someone walks through my doors, I resent

Nicole York:

them a little bit, because I wish I was playing with my kid.

Nicole York:

That's not a way to live your life. Right? If you can help it,

Nicole York:

sometimes we can't. But if you can help it, if you can build

Nicole York:

things in a way and understand your relationship to money so

Nicole York:

that you can build things in a way where when somebody walks

Nicole York:

through your door, you recognize that means you get to spend more

Nicole York:

time with your kid later or doing the other things you love,

Nicole York:

or whatever it is. That's a whole different relationship.

Nicole York:

That's a whole different energy you bring into the equation. So

Nicole York:

cool. It's powerful, powerful, good stuff. All right. Oh, did

Nicole York:

we lose the raised hand that we had? Think we might have.

Nicole York:

Alright, if y'all have thoughts today about practical things

Nicole York:

that we can do to start improving our relationship to

Nicole York:

money, these practical steps such as David just mentioned,

Nicole York:

understanding what our relationship to money really is,

Nicole York:

how it affects our life. What we need to do in order to feel good

Nicole York:

about the money we're bringing in and not resent the fact that

Nicole York:

we are trying to earn it. Please raise your hand. I would love to

Nicole York:

bring you up. I know we've got folks with great thoughts in the

Nicole York:

audience today. So I see you I'm grabbing you if anybody else has

Nicole York:

anything to share, please raise your hand. We want to hear from

Nicole York:

you today. Good morning, Miss ladies.

Sissela:

Good morning. So yeah, I think one of the most

Sissela:

important things that you can do when it comes to money is just

Sissela:

being really aware of it. What comes in and what goes out. And

Sissela:

now, that doesn't just include your business, it also includes

Sissela:

your personal expenses doesn't matter. If you love to go on

Sissela:

shopping sprees, you got to know what those shopping sprees cost.

Sissela:

I love using an app called Mint for my personal budgets, and

Sissela:

that tracks everything. And recently, I discovered that I

Sissela:

need to bring in more than I thought that I needed to bring

Sissela:

in, especially if I want to maintain the lifestyle that I

Sissela:

currently have in life. Or I have to do other things to

Sissela:

adjust. But knowing exactly what you what your life costs,

Sissela:

basically, is incredibly important. Don't be afraid of

Sissela:

your bank account, you got a look at them. And I do that they

Sissela:

like I kid you not. And don't look at them with any sorts of

Sissela:

feeling. It's just money, money is fluid goes in it goes out,

Sissela:

try to detach yourself from all the fear, the resentment, the

Sissela:

shakiness of money, and just see them as a tool to your life to

Sissela:

help your life. And once you manage to detach yourself from

Sissela:

all the emotional stuff from money, money is way less scary.

Sissela:

And you can do that by looking at your bank accounts every day,

Sissela:

kind of meditate on it a little bit as you're sitting there

Sissela:

looking at them, but try to detach yourself from it. Because

Sissela:

all that aching is all the resentment is holding you back

Sissela:

into earning the money that you want and managing the money that

Sissela:

you need. And not just swiping your card and forgetting about

Sissela:

it. That's dangerous stuff.

Nicole York:

Woof. So, so true. And I know that that's advice

Nicole York:

that I have to take for myself, my husband, and I absolutely

Nicole York:

have to go and look. And that's usually the first step. When you

Nicole York:

start to talk with financial advisors, they will ask you what

Nicole York:

you're doing with your money now, what do you do with it now?

Nicole York:

And you're absolutely right, so many of us ignore what we're

Nicole York:

spending, as long as we're not going over budget, we just kind

Nicole York:

of close our eyes and plow ahead, right. But we do, we need

Nicole York:

to take that step. And that goes exactly back to what David

Nicole York:

mentioned, which is so important in the fact that you need the

Nicole York:

data, you need to not only have an understand the data you have

Nicole York:

right now. But you have to understand how to start

Nicole York:

capturing that information. So you know, what is going where

Nicole York:

and what is working, which is why cat is doing her profits and

Nicole York:

losses, right? You can find for yourself, when you run an ad,

Nicole York:

you get to define the parameters of success. And if it costs you

Nicole York:

more to run that ad than it does to get people in the door.

Nicole York:

There's a problem here things need to be tweaked, right, we

Nicole York:

need to be monitoring our money and gathering that data in the

Nicole York:

way that you just mentioned, removing judgment from it,

Nicole York:

removing any moral from it. When we look at our bank accounts,

Nicole York:

and what we've spent over the last month, and we start to

Nicole York:

realize that we probably ate out way more than we should have, or

Nicole York:

we spent money in these places, we probably shouldn't have spent

Nicole York:

money. If we wanted to meet certain goals, we're going to

Nicole York:

probably feel a little guilty, feel stupid, feel whatever it is

Nicole York:

those negative feelings that you have around money. And we do

Nicole York:

have to learn to stop doing that to ourselves. Because if money

Nicole York:

is fluid, if we can look at it, like water, the fact that we

Nicole York:

need it in order to survive, and we can always get more then why

Nicole York:

would I feel good or bad about how much water I drank

Nicole York:

yesterday, if I know that I can just do a better job today.

Nicole York:

Like, I'm going to turn on the tap. And I'm going to get more I

Nicole York:

know that's really simplified. And the process is not always so

Nicole York:

easy. Even more water is concerned in some parts of the

Nicole York:

world. But I hope the metaphor makes sense. We would never

Nicole York:

judge ourselves morally for those things. And yet, we will

Nicole York:

do that money. We have to cut that shit out.

Unknown:

Well, I think I think that even the thing that you're

Unknown:

talking about in the context of a budget, budgets are about

Unknown:

growth, they're not about restraint. They're about

Unknown:

understanding what you need to move things forward. They're

Unknown:

about things like taking the opportunity to invest in your

Unknown:

future versus versus just spending. Right so while they

Unknown:

are while they can be a constraint I think the I think

Unknown:

of them more as growth opportunities because then I can

Unknown:

see where my money is, and see where I have the opportunity to

Unknown:

put money away for my kids or to invest more or, you know, to get

Unknown:

on Robin Hood for the accounts that I have for my kids just to

Unknown:

do what I still call play investments even though it's

Unknown:

very serious. Is there money. And I think, if you're going to

Unknown:

look at money as water, then your budget is your conservatory

Unknown:

dam. And you can release what you need to release when you

Unknown:

need to release it. But ultimately, the whole purpose of

Unknown:

the dam is to be able to build and protect you all the way into

Unknown:

the future until this game is over.

Nicole York:

Okay, what you just said, was really important.

Nicole York:

Budget is not a constraint is for growth. Oh, if you've never

Nicole York:

had that mindset before I get so good. Okay, I want to make sure

Nicole York:

we hear from Andrea Ariel and Jean. So Andrea, let's hear from

Nicole York:

you first, and then

Cat Ford-Coates:

Good morning, guys. It's so good to hear your

Cat Ford-Coates:

voices. I've been away for a while. And thank you for having

Cat Ford-Coates:

this. I just wanted to say that at some point, it was a, it was

Cat Ford-Coates:

a turning point for me in my business, when I had so much

Cat Ford-Coates:

knowledge and taking in good nuggets from, you know, super

Cat Ford-Coates:

ice education and Megan periodo, and all of you guys and social

Cat Ford-Coates:

media, bloggers on money. And at some point, and my mom's has

Cat Ford-Coates:

this quote, and she says, You know, it's not about knowledge,

Cat Ford-Coates:

only it's about applied knowledge. And I felt like, you

Cat Ford-Coates:

know, I was self sabotaging by being this researcher of how to

Cat Ford-Coates:

make money and, and manifesting, but like, if you don't pull the

Cat Ford-Coates:

trigger and apply all the beautiful, great things that you

Cat Ford-Coates:

have, then, at some point, you're just full and you never

Cat Ford-Coates:

give birth. And so that was super key for me to tell myself

Cat Ford-Coates:

and to love myself through that process to say, okay, you know,

Cat Ford-Coates:

you, you do have all this wonderful knowledge and

Cat Ford-Coates:

wonderful people in your life. But now you have to apply that

Cat Ford-Coates:

or it's kind of nothing. So that was super important.

Nicole York:

Oh, yes. And yeah, that's really, really important.

Nicole York:

You're absolutely right, the knowledge means nothing if you

Nicole York:

don't use it. It's just gonna sit there and percolate. Oh,

Nicole York:

man, that's really good. It actually reminds me of a song

Nicole York:

lyric, from an artist I really love. The first stanza of the

Nicole York:

song is, it's not the waking. It's the rising. It's the

Nicole York:

grounding of a Flitz uncompromising, it's not for

Nicole York:

going of the lie. It's not the opening of eyes. It's not the

Nicole York:

waking. It's the rising. Can we have to stand up and walk

Nicole York:

forward in this stuff? If it's gonna matter? So, so important,

Nicole York:

I'm so glad that you mentioned that. I'm sorry. What's the

Nicole York:

saying?

Cat Ford-Coates:

It's it's knowledge is power. And lawyer

Cat Ford-Coates:

friend of mine was like, Look, knowledge isn't power. If you

Cat Ford-Coates:

don't do anything with it, you're not powerful. It's the

Cat Ford-Coates:

application of the knowledge that brings the power.

Nicole York:

Yes, yes. Yes. And yes, I can't Yes, it enough

Nicole York:

yeses. Yes. Okay. Are you?

Ariel Schochet:

So I was I was trying to be disciplined and

Ariel Schochet:

keep my mouth shut today. And you triggered me hard. So I had

Ariel Schochet:

to come up. Now, you're saying yes. But before you were

Ariel Schochet:

shitting on yourself, and, you know, we're talking about being

Ariel Schochet:

divorced from the, you know, the emotional side to the actual

Ariel Schochet:

analytical, the monetary side. And, you know, the this, I

Ariel Schochet:

should have done this, I should have done that, you know, we

Ariel Schochet:

joke, I call it shitting on yourself, is, is, you know,

Ariel Schochet:

we've talked to so many different aspects in this room,

Ariel Schochet:

about, you know, the words that you say both positive and

Ariel Schochet:

negative really make a difference. And so I just wanted

Ariel Schochet:

to, you know, gently call that one out, because it leads to

Ariel Schochet:

really my main point, which is that I almost feel like, I'm not

Ariel Schochet:

I can't be alone in in when I hear in a room that's, you know,

Ariel Schochet:

full of creative people. The contradiction to say that we

Ariel Schochet:

need to divorce ourselves and be unemotional about something,

Ariel Schochet:

when, to me, the whole idea of being artistic and creative is

Ariel Schochet:

being emotional and having that emotional. And so to tell

Ariel Schochet:

somebody, or, again, for me to be told not to be emotional, and

Ariel Schochet:

I, you know, emotionally disregulated mess as it is, is

Ariel Schochet:

almost like an impossibility. So I actually try to frame it in a

Ariel Schochet:

different way. And I try to just use the word honesty, that I

Ariel Schochet:

need to be intellectually honest when I'm making any business

Ariel Schochet:

decision, and I can't be biased by the decision I made

Ariel Schochet:

yesterday. If I if I now today have new information, that means

Ariel Schochet:

that I should do it a different way. I can't say Oh, well,

Ariel Schochet:

because I made the decision already that I'm now going to,

Ariel Schochet:

you know, lose my intellectual honesty, and investing, for

Ariel Schochet:

instance, that is the number one way to lose your lose

Ariel Schochet:

everything. And, and also, I just wanted to highlight another

Ariel Schochet:

point that you made in several different ways having to do with

Ariel Schochet:

these non monetary costs, but also the non monetary benefits.

Ariel Schochet:

Because we have to look at both sides. And so, you know, in

Ariel Schochet:

economics, if you want to look it up the way we we use the term

Ariel Schochet:

for that's opportunity cost, right and opportunity benefit,

Ariel Schochet:

and it's just so important, I can can't stress it enough to be

Ariel Schochet:

as wide eyed and capture all the different things, even if it's

Ariel Schochet:

silly, you know, um, you know, I get, you know, x units of

Ariel Schochet:

pleasure from doing something that's a benefit, you know, um,

Ariel Schochet:

but also, we have to watch out for the externalities like

Ariel Schochet:

pride, like, I'm doing this, because this is how it's always

Ariel Schochet:

been done. I'm doing this because this is how grandma

Ariel Schochet:

would have wanted me to do it. Things like that, that again, we

Ariel Schochet:

just have to be as honest and wide open as we can. And all of

Ariel Schochet:

these things will fall into place really well, even for

Ariel Schochet:

pilot emotional people like, like me, and you know, people

Ariel Schochet:

that I believe, you know, have the creative power that isn't

Ariel Schochet:

captured industry. And with that I'm very competitive.

Nicole York:

That's a really good point. And something that's

Nicole York:

worth talking about. And since this, since the idea of

Nicole York:

divorcing yourself a little bit was initially brought up by cat

Nicole York:

I want to see if you have any reply to the idea of of

Nicole York:

unemotional or being able to kind of remove emotion from the

Nicole York:

equation, and I will definitely address that for myself, because

Nicole York:

that was actually a big turning point for me. But I'd love to

Nicole York:

hear from you cat, if you have any response to what that idea

Nicole York:

actually means. If maybe we're having a different definition.

Cat Ford-Coates:

Absolutely. Um, I love the concept around the

Cat Ford-Coates:

the intellectual honesty. And I think that's a really great way

Cat Ford-Coates:

to reframe the term divorce. Because when I talk about, you

Cat Ford-Coates:

know, divorcing myself from, from the numbers, right, I'm not

Cat Ford-Coates:

talking about disconnecting my heart from my work, I'm talking

Cat Ford-Coates:

about showing up and saying, Look, my business is a separate

Cat Ford-Coates:

entity from who I am. Yes, it responds to my emotional ups and

Cat Ford-Coates:

downs, like those are immediately reflected in my

Cat Ford-Coates:

sales process. If my self worth is feeling down, or I'm feeling

Cat Ford-Coates:

like I'm in competition with something or someone, like,

Cat Ford-Coates:

Guess what, my sales are going to go down because of that. So

Cat Ford-Coates:

when we're talking about looking at what your business needs to

Cat Ford-Coates:

thrive, it's about not looking at it from only through

Cat Ford-Coates:

everything that it could be an everything I dreamed of as a

Cat Ford-Coates:

little girl, but actually looking at hard facts and saying

Cat Ford-Coates:

no, these things cost. And these costs are line items, XYZ. And

Cat Ford-Coates:

that's what I mean by when I talk about divorcing but I think

Cat Ford-Coates:

the intellectual honesty is actually a really a better way

Cat Ford-Coates:

of reframing that being honest with myself about the hard costs

Cat Ford-Coates:

that are associated with running my business. And understanding

Cat Ford-Coates:

that that, that honesty does not mean that I have to, to

Cat Ford-Coates:

disconnect all of me from my business, but understand that

Cat Ford-Coates:

it's simply an extension. I would love to say something

Cat Ford-Coates:

about that. If I could, Nicole,

Nicole York:

please, please do and then we'll, and then we'll,

Nicole York:

we'll hear from Ari, and I'll explain a little bit.

Unknown:

I think that,

Cat Ford-Coates:

you know, we all come from a different

Cat Ford-Coates:

paradigm. And that's super important to love ourselves and

Cat Ford-Coates:

understand that, that my, you know, I might have an

Cat Ford-Coates:

entrepreneur friend that was raised in a lawyer's office with

Cat Ford-Coates:

along with, you know, their parents and family business or

Cat Ford-Coates:

whatever. And they may have done it, like super right, you know,

Cat Ford-Coates:

and then my paradigm, I have loving parents, I was raised,

Cat Ford-Coates:

watching my parents open and run successful health food stores,

Cat Ford-Coates:

but in a part of my paradigm was, they were always giving,

Cat Ford-Coates:

and always helping, and it was just such a beautiful, loving

Cat Ford-Coates:

environment to be raised in. But what I had to figure out that I

Cat Ford-Coates:

was missing was receiving, I never saw them receive if they

Cat Ford-Coates:

got a new car, they would park it like almost in the next town.

Cat Ford-Coates:

I mean, they just never wanted anyone to feel bad and they

Cat Ford-Coates:

always wanted to give so as a part of my paradigm. I didn't

Cat Ford-Coates:

see them receiving so that was a real issue that I had to work

Cat Ford-Coates:

through. So some people have to divorce themselves from their if

Cat Ford-Coates:

we're going to use that term from their paradigm that was

Cat Ford-Coates:

broken and some people don't, you know, like if you're in an

Cat Ford-Coates:

abusive situation like that, With yourself with money, then

Cat Ford-Coates:

by all means grow, expand, you know, get better, get healthier,

Cat Ford-Coates:

remarry be oneness with yourself again, but at the right time at

Cat Ford-Coates:

a healthy time. So I love that we have both, you know, this

Cat Ford-Coates:

conversation about that. And I think it's neither here nor

Cat Ford-Coates:

there, because we're all over the place with our paradigms. So

Cat Ford-Coates:

that's, that's such a great point.

Ariel Schochet:

Nicole, if I could just very, very quickly

Ariel Schochet:

just say one thing is that, I mean, I agree with everything

Ariel Schochet:

that's been said, it's just different ways. I think, in a

Ariel Schochet:

sense, this phase room has said, one or two thesis points over

Ariel Schochet:

and over again, just in different ways, and they

Ariel Schochet:

resonate with each of us in different ways. And one thing I

Ariel Schochet:

wanted to add, just to acknowledge that this idea of

Ariel Schochet:

intellectual honesty, and, you know, I consider myself, you

Ariel Schochet:

know, I was a regulator i, and so being having integrity, and

Ariel Schochet:

it wasn't about everything, and being an investment manager, it

Ariel Schochet:

was all about integrity, people were trusting you with their

Ariel Schochet:

money. And so even that word, being intellectually honest, is

Ariel Schochet:

a tough word, because it is really hard. It is very, very

Ariel Schochet:

hard to do. And I'll give a very, very quick example, if I

Ariel Schochet:

spent, you know, a year researching something, company,

Ariel Schochet:

and then I spent another six months trying to get my boss to

Ariel Schochet:

make the investment. And then he spent, you know, another two

Ariel Schochet:

months convincing his boss and everyone went out on the limb,

Ariel Schochet:

and they hadn't been tried. And then then we go in, we make that

Ariel Schochet:

investment. And the very next day, I pick up a report, and I

Ariel Schochet:

learn a piece of information that now changes the entire

Ariel Schochet:

thesis. And I was wrong. I have to go and, and tell everyone and

Ariel Schochet:

make money. And despite how that makes me feel, and how I just

Ariel Schochet:

spent a year and a half convincing people, those are

Ariel Schochet:

really hard things to do. And especially as solopreneurs,

Ariel Schochet:

we're doing them with ourselves all the time. And it's just, it

Ariel Schochet:

just wanted to acknowledge the the strength it takes and the

Ariel Schochet:

fortitude and to, you know, give grace and all the things we

Ariel Schochet:

talked about, because it really applies in this in this room as

Ariel Schochet:

well. Very complete. Thank you.

Unknown:

And I think that becomes the point too, is, is

Unknown:

with data and with with data, you can apply logic, you can

Unknown:

apply rules. And you're you're you're showing that right now is

Unknown:

I mean, the part about data is when data presents itself, you

Unknown:

have to be willing to be fluid and make the changes to follow

Unknown:

the data. When something's not working, you can't be married to

Unknown:

the idea to the degree that, you know, I'm not willing to be

Unknown:

flexible, I'm just going to keep banging my head against the

Unknown:

proverbial wall until it falls over. That very rarely works out

Unknown:

I think, too often we've stuck to strategies that have worked

Unknown:

for other people. And we haven't done enough time thinking about

Unknown:

how, and if they work for us, you know, sort of the idea of

Unknown:

defining success before you start making your goals. So you

Unknown:

could be racing towards somebody else's success. And I think, you

Unknown:

know, in all things financial, I tend to agree I don't like the

Unknown:

term divorced. But I like to know what, what something is

Unknown:

worth, like, if I'm buying a Starbucks coffee today, how much

Unknown:

time at T ball? Did I just give up in order to have that time or

Unknown:

with my coffee? And was that exchange worth it? For me?

Unknown:

That's how I tend to think about things because it's quite the

Unknown:

opposite of being divorced. It's been, it's been very, very

Unknown:

deeply involved with, and I like to think of money as I would any

Unknown:

other relationship. It takes time to foster. It takes truth,

Unknown:

it takes honesty, and it needs to be constantly worked at if

Unknown:

you're ever going to make it succeed for you. So it is very

Unknown:

much a healthy, active relationship. As long as you're

Unknown:

not afraid of it and you treat it like like you would a lover,

Unknown:

I'm going to devote the time to you in order to make sure that

Unknown:

I'm getting the most out of our relationship.

Nicole York:

Okay, oh, that was that was a really super good

Nicole York:

exchange, y'all. And an example of the fact that definitions are

Nicole York:

important. I've know I mentioned before, the fact that sometimes

Nicole York:

we can be using the same word, and meaning a different thing,

Nicole York:

because we're each pulling from our own experiences, and the

Nicole York:

connotations that we personally have around that word in order

Nicole York:

to give it meaning. And I just want to I just want to stand up

Nicole York:

for the divorce crowd for just a second and clarify what I

Nicole York:

personally mean when I say divorce myself from and explain

Nicole York:

the backstory behind that because I think some people will

Nicole York:

probably be able to relate to me there. And if we need to kind of

Nicole York:

play with those definitions, so that the word itself that we use

Nicole York:

becomes a little bit healthier than we can do that. But for me,

Nicole York:

when I first was getting into business What happened was that

Nicole York:

I was deriving my personal value the way that I valued myself and

Nicole York:

what I made from how much I was earning. If somebody told me no,

Nicole York:

that wasn't, to me that was not like, oh, okay, that's just not

Nicole York:

my person, I just have to tweak the way that I'm reaching out to

Nicole York:

find the people who fit me better. It was oh, no, I'm not

Nicole York:

worth it to them. They don't think I'm worth it. Right? I had

Nicole York:

to divorce my my personal value. And my, how I felt about myself

Nicole York:

my ego. From the numbers, the numbers needed to become an

Nicole York:

unemotional, separate piece of information that did not

Nicole York:

influence how I felt about myself. They had to be something

Nicole York:

I could look at and say, Okay, I can't drop what I'm asking for,

Nicole York:

for the service, simply because I need it to be like, I need

Nicole York:

that affirmation, I need for somebody to say yes, to me, I

Nicole York:

need to be wanted, I need the proof that my work matters

Nicole York:

enough to somebody for them to spend their money. And it could

Nicole York:

be okay. This is purely a numbers equation. Like, if the

Nicole York:

numbers match up, they match up if they don't, they don't, it

Nicole York:

doesn't affect me, and the center of how I value myself. So

Nicole York:

when I say divorce myself from that, it is the same as when I

Nicole York:

released an article. And there are some people who go, oh, this

Nicole York:

is amazing. It's exactly what I needed. And some people go,

Nicole York:

you're the stupidest writer that ever wrote a word in the history

Nicole York:

of the internet. Because those people exist. I have to divorce

Nicole York:

my personal self, the core of who I am, from the responses

Nicole York:

that those things get. Because if I don't do that, every up and

Nicole York:

down, that happens is going to tear me apart inside. If I made

Nicole York:

a bad business decision, all of a sudden, I'm stupid, I should

Nicole York:

never be trusted with this business. I don't deserve this

Nicole York:

money. I'm just gonna become a big fat emotional wreck. Right?

Nicole York:

So when, when at least for me, when I talk about the divorce

Nicole York:

there, it's not about it's not about the the intellectual

Nicole York:

honesty of the decision was bad or good. These are what the

Nicole York:

numbers say, it's about taking the emotion of how I value me

Nicole York:

away from Did I do a good job or not? Or did the person buy the

Nicole York:

work or not? Or did the business make a profit or not? Because

Nicole York:

otherwise, in my case, I'm going to fall apart. So that was a big

Nicole York:

mental switch that I had to flip in my head in order to recognize

Nicole York:

this idea when people say charge what you're worth. That's why

Nicole York:

for people like me, that's incredibly bad advice. Because

Nicole York:

all of a sudden, those words, charge what you're worth, means.

Nicole York:

If I can't charge the editor, if I'm not successful charging

Nicole York:

matter, if I don't have the skills yet to sell, well, I'm

Nicole York:

not worth it. So I'm not divorcing myself from the

Nicole York:

business. I'm not divorcing myself from the relationship

Nicole York:

with money. I'm divorcing myself from the idea that my personal

Nicole York:

value comes from the relationship. The same as my

Nicole York:

relationship with my husband, who I am in that is something

Nicole York:

but I also have to be okay with me if he is not there. I still

Nicole York:

have to be centered and happy and grounded and comfortable

Nicole York:

with who I am and have a life that I'm happy with, even if he

Nicole York:

has to be removed from that. And the reason I know that is

Nicole York:

because I'm a military spouse. And if I sent her all of myself

Nicole York:

around him, when he's gone, who do I become?

Nicole York:

So when when I use that word, and I recognize that it's kind

Nicole York:

of a powerful cutting word, it's because it had important

Nicole York:

connotations for me, in being able to be okay, separate from

Nicole York:

to have value separate from those things. So I hope that

Nicole York:

makes sense. And we can definitely argue semantics. But

Nicole York:

I just wanted to say for those folks who are like me, this is

Nicole York:

the reason we use that word. If anybody wants to respond to

Nicole York:

that, feel free and then I want to hear from James

Cat Ford-Coates:

I think that's why I like the the intellectual

Cat Ford-Coates:

honesty component. Because it allows you to maintain your,

Cat Ford-Coates:

your emotional connection to your work and still separate the

Cat Ford-Coates:

finite details, right. But I agree, like if you're a creative

Cat Ford-Coates:

who is attaching your personal worth to a price point, then

Cat Ford-Coates:

that that needs to be something that you can address within

Cat Ford-Coates:

yourself. So that when you are looking at numbers, it's not

Cat Ford-Coates:

like I'm a shitty human being because I can't bring myself to

Cat Ford-Coates:

charge x, y or z or put this price tag on it that I know is

Cat Ford-Coates:

going to allow me to be sustainable and profitable.

Cat Ford-Coates:

Because at the end of the day, that's the purpose of the

Cat Ford-Coates:

business and understanding that your business has to make a

Cat Ford-Coates:

profit to survive. So being able to disconnect your emotional

Cat Ford-Coates:

self to the value of your personal worth, is the key.

Cat Ford-Coates:

whatever term you want to use to put on it,

Nicole York:

yeah, disconnect divorce to cut in half. Those,

Nicole York:

you know, having those connotations was an emotionally

Nicole York:

an important thing. And sometimes the choice of the word

Nicole York:

we use will manifest why it's important there. And probably,

Nicole York:

it was because of growing up with an unhealthy relationship

Nicole York:

with money. Why I needed such a strong mental picture. You know,

Nicole York:

it couldn't be nice and flowery. It had to be like, nope, cut the

Nicole York:

shit off. excise it. Get rid of it. It's a decision. It's a cut

Nicole York:

in half. It's a separate from one thing or the other. Of

Nicole York:

course, I'm still incredibly emotionally invested in my work

Nicole York:

in my business, and my relationship with the people I

Nicole York:

work with those things matter to me. But the numbers get to be

Nicole York:

what they are separate of my worth. So I hope that makes

Nicole York:

sense. And if I'm falling down a hole, y'all have to kick me in

Nicole York:

the ass and rescue me. Ari seems to be really good at that.

Ariel Schochet:

Oh, you're you're you're very thorough.

Ariel Schochet:

Absolutely.

Nicole York:

All right, right on. Okay, I want to make sure we

Nicole York:

hear from Jean, and then we'll start bringing everything to a

Nicole York:

close today. Jean, what are your thoughts on now that we have

Nicole York:

addressed our, our kind of limiting beliefs and our

Nicole York:

personal narratives? What are the practical things that we do

Nicole York:

moving forward to have this good?

Gene Sizemore:

Well, good morning. I so this has been an

Gene Sizemore:

amazing conversation this week. And one that I've really

Gene Sizemore:

resonated with, I've tried very hard to just kind of be in the

Gene Sizemore:

audience, because I have so much to say about this, and I just

Gene Sizemore:

don't, I worry, I talk too much anyway. So I, I just one of the

Gene Sizemore:

big problems I had in the military was was the the just

Gene Sizemore:

the complete lack of financial literacy that we saw in our

Gene Sizemore:

junior ranks, and the fact that it was considered taboo, you

Gene Sizemore:

know, as something that, you know, we're not really supposed

Gene Sizemore:

to talk to our, our soldiers about because it's a, you know,

Gene Sizemore:

their personal business. But then senior noncommissioned

Gene Sizemore:

officers are typically, the ones stuck dealing with the

Gene Sizemore:

aftermath, both directly and indirectly, of the poor

Gene Sizemore:

financial choices that the junior soldiers would make. So I

Gene Sizemore:

always kind of took the role of kinda that under the table

Gene Sizemore:

financial adviser to my soldiers, and made sure that I

Gene Sizemore:

was open to giving advice because I didn't learn about

Gene Sizemore:

money from my parents. In fact, I watched my father run a

Gene Sizemore:

business into the ground, and saw only the negative effects

Gene Sizemore:

that money and lack of money had on the relationship between my

Gene Sizemore:

mother and father. And, and so I, I took a lot of toxicity away

Gene Sizemore:

from that. And it wasn't until later in high school, I was

Gene Sizemore:

living with another family and the father from that family is

Gene Sizemore:

one who actually sat me down and taught me about money and taught

Gene Sizemore:

me about investing. And he was the first person who ever

Gene Sizemore:

actually opened up his books and showed me Okay, well, this is

Gene Sizemore:

where I'm invested in this is why these are the decisions that

Gene Sizemore:

I've made. And that education really has paid dividends,

Gene Sizemore:

literally, for me over the years. And there's just a couple

Gene Sizemore:

of things that I wanted to share. And I'll try to do this

Gene Sizemore:

very quickly. But, you know, these are just things that have

Gene Sizemore:

popped up in my mind as we've been having this conversation

Gene Sizemore:

that are things that I probably didn't realize I was doing

Gene Sizemore:

really well but at it recently in my life when I had to make a

Gene Sizemore:

major adjustment i I was very happy that I had these habits

Gene Sizemore:

because they ended up saving me just you know, quick background

Gene Sizemore:

on me. I lost a really, really, really big income. I went from,

Gene Sizemore:

you know, and I'm intentionally going to sound like an elitist

Gene Sizemore:

here, but I went from taking Uber Black everywhere I went to,

Gene Sizemore:

you know, having to get used to regular Ubers and flying with

Gene Sizemore:

general population. I mean, that was the kind of adjustment that

Gene Sizemore:

I had to make Thank God, it happened because I needed that

Gene Sizemore:

adjustment. I needed it. And I've been grateful for it. But

Gene Sizemore:

the only way that I was able to survive is because there's these

Gene Sizemore:

things that I've, that I've done throughout my life, that put me

Gene Sizemore:

in a position where it was traumatic, but it was

Gene Sizemore:

manageable. The first thing, and I, you know, it sounds like a

Gene Sizemore:

cliche. And I don't mean to sound like, you know, everyone's

Gene Sizemore:

dad, because we've all heard this, we all know it. But

Gene Sizemore:

there's nothing, there's a big pet peeve that I have, is when

Gene Sizemore:

someone tells me that they cannot put 10% of everything

Gene Sizemore:

that they take in aside and put it into into their life savings.

Gene Sizemore:

There's nothing that that that confuses me more. Why, like Kat

Gene Sizemore:

was talking about valuing ourselves, why do we not value

Gene Sizemore:

ourselves enough to borrow the words of Warren Buffett pay

Gene Sizemore:

ourselves first, and then pay our bills. And if you're not

Gene Sizemore:

living within the means of 90% of your income, then make an

Gene Sizemore:

adjustment. And I don't think any of us in this room would

Gene Sizemore:

argue against the fact that as we look around, there are a lot

Gene Sizemore:

of adjustments that people can make, to get well within 90% of

Gene Sizemore:

their income, so that they can take 10%. And put it aside, if

Gene Sizemore:

you do that, it will just blow your mind at how fast that money

Gene Sizemore:

builds up. And then you establish a very strict set of

Gene Sizemore:

rules, this is what I'm going to tap into his money for medical

Gene Sizemore:

emergency, transportation, emergency, you know, house car,

Gene Sizemore:

things like that.

Gene Sizemore:

But that's something that I've done. In the military, it was

Gene Sizemore:

very easy to do, because over the 25 years, there were always

Gene Sizemore:

rank promotions, cost of living increases, it was easy to get to

Gene Sizemore:

a point where I kind of lagged my lifestyle increases behind my

Gene Sizemore:

promotions, so that there was always some extra money there to

Gene Sizemore:

put aside. The other thing that, that I, I tell people to do a

Gene Sizemore:

lot is, you know, it's it's good to have a budget, you know, on a

Gene Sizemore:

monthly basis to know, you know, what you got coming in what you

Gene Sizemore:

got going out, but it's also really important to look at

Gene Sizemore:

budgets, from a yearly perspective, also. And the

Gene Sizemore:

reason why I do this is because it's it always amazes me when

Gene Sizemore:

when people get hit, you know, my brother and I are like, you

Gene Sizemore:

know, it's like poor dad, Rich Dad. And I'm not saying I'm

Gene Sizemore:

rich, but my brother is horrible. But, you know, he gets

Gene Sizemore:

hit with these, you know, yearly expenses. And he can't do

Gene Sizemore:

something he can't, he has to cancel a trip he has to travel.

Gene Sizemore:

So we can't do something because, oh, I had to pay the

Gene Sizemore:

car insurance, you know. And I'm like, Yeah, especially in our

Gene Sizemore:

business, because a lot of us have like software scripts,

Gene Sizemore:

descriptions, website, you know, accounts, things like that. We

Gene Sizemore:

all have these, these expenses that come around every year. And

Gene Sizemore:

one of the things that I've always been really good about

Gene Sizemore:

doing is everything that I pay on a yearly basis, which I

Gene Sizemore:

prefer to do. By the way, if I have the option to pay something

Gene Sizemore:

on a yearly basis, I will always do that. And as soon as I add a

Gene Sizemore:

yearly expense, I add that to what I call my yearly fund. And

Gene Sizemore:

that yearly fund is divided by 12. And every month, I'm putting

Gene Sizemore:

money into that yearly fund. And that's separate from my 10%.

Gene Sizemore:

Set aside for savings, that yearly fund then funds those

Gene Sizemore:

yearly expenses. And I mean, I started doing this back when I

Gene Sizemore:

was working, and I had my sailboat at one of the highest,

Gene Sizemore:

you know, highest fancy marinas on the Chesapeake Bay. And my

Gene Sizemore:

slip these were $4,000 a year and they had to be paid yearly.

Gene Sizemore:

So obviously that that would be a huge chunk. So I forced myself

Gene Sizemore:

to put that aside every month and made a little money on that.

Gene Sizemore:

And then was able to make those, those payments. But I do that

Gene Sizemore:

even still today with very little money coming in. I make

Gene Sizemore:

sure that when my website expenses come around, when my

Gene Sizemore:

Adobe subscription comes around, I mean, if I couldn't pay my

Gene Sizemore:

Adobe subscription, I'd be dead, dead in the water. So I don't I

Gene Sizemore:

don't pay that $500 a year out of a paycheck. I don't I don't

Gene Sizemore:

get a retirement check and say okay, well, you know, this chunk

Gene Sizemore:

is gone because I got to pay Adobe this month. That's not how

Gene Sizemore:

it works with me that gets paid every month into the yearly

Gene Sizemore:

fund. And when the when the bill comes, do I just pay it out of

Gene Sizemore:

the yearly fun, I don't even I don't even notice it doesn't

Gene Sizemore:

even make a debt. So I really recommend people that are

Gene Sizemore:

starting out, especially starting a business to kind of

Gene Sizemore:

think of their budgets in yearly terms so that they can put money

Gene Sizemore:

aside ahead of time and make adjustments to be able to handle

Gene Sizemore:

those expenses. The other thing that is really important that a

Gene Sizemore:

lot of people don't do, especially when they're

Gene Sizemore:

struggling with money, is to put a little bit of money aside into

Gene Sizemore:

a vacation fund. Vacations are so important. And we so often

Gene Sizemore:

take shortcuts on vacations, we don't take the vacations that we

Gene Sizemore:

need, we need those vacations, we need those breaks, we need to

Gene Sizemore:

step away sometimes. And I've always had this rule that I live

Gene Sizemore:

like a like a broke seamstress truss, every day of my life. But

Gene Sizemore:

when I'm on vacation, I live like a prince Sultan, I don't

Gene Sizemore:

worry about money. When I'm on vacation. As soon as I slip into

Gene Sizemore:

vacation mode, I'm I'm enjoying the vacation, I'm not going to

Gene Sizemore:

worry about money. And one of the ways that I do that is by

Gene Sizemore:

making sure that I have money set aside for vacations, that

Gene Sizemore:

does not include my yearly fund or the 10% fund. And a lot of

Gene Sizemore:

people say, Well, you know, that's that's like all this

Gene Sizemore:

money now that you're setting aside, but this is money you're

Gene Sizemore:

spending anyway, all I'm doing is just adjusting it so that I'm

Gene Sizemore:

not having to come up with it all at once. I'm just spreading

Gene Sizemore:

it out over time, so that I can manage it and have the

Gene Sizemore:

confidence and the peace of mind knowing that that vacation is

Gene Sizemore:

going to happen, and that that bill is going to be paid, I

Gene Sizemore:

don't have to worry about whether it's going to be paid.

Gene Sizemore:

And then whatever money that I do invest, I always recommend to

Gene Sizemore:

people and make sure that you invest for the long term or the

Gene Sizemore:

long term mindset. I know Ari could probably talk a lot more

Gene Sizemore:

about that. So I won't pretend to be an expert on that. But

Gene Sizemore:

I've always done really well in the market. And mainly because I

Gene Sizemore:

have a long term mindset. And I've got a value investing

Gene Sizemore:

methodology for for selecting stocks, but don't be afraid of

Gene Sizemore:

the stock market, if you have a long term mindset, because

Gene Sizemore:

history will show you that investing in America investing

Gene Sizemore:

in business is going to pay off in the long run.

Gene Sizemore:

i i The last two things, I just want to say real quick is, you

Gene Sizemore:

know, if your parents, you know, please talk to your children

Gene Sizemore:

about money, because the schools aren't going to do it, the world

Gene Sizemore:

isn't going to do it, social media is not going to do it. And

Gene Sizemore:

and there are so many things that are wired against us in

Gene Sizemore:

terms of, you know, marketing, and you know, impulse purchases,

Gene Sizemore:

and all this kind of stuff that, you know, you have to be that

Gene Sizemore:

Positive Money influence in your children's lives, because

Gene Sizemore:

they're going to be pulled in all kinds of different

Gene Sizemore:

directions. Growing up, it almost got me if I didn't have

Gene Sizemore:

the right people in my life at the right time. I'd be where my

Gene Sizemore:

brother is right now. And it's scary. And then the last thing

Gene Sizemore:

is is this has come up a couple times this week is Don't, don't

Gene Sizemore:

wait to do the things that you want to do. I know that this

Gene Sizemore:

might go against conventional financial advice. I'm not a

Gene Sizemore:

financial advisor, please don't think that I am. But I, I bought

Gene Sizemore:

my first sailboat, I'm on my third boat right now. And funny

Gene Sizemore:

enough, right now, I'm in the worst possible place to afford a

Gene Sizemore:

sailboat now it's paid off. And I have it in a very, very cheap

Gene Sizemore:

Marina right now. So I don't have to worry about it as much

Gene Sizemore:

as I did before. But I bought a sailboat when I was still

Gene Sizemore:

enlisted in the military. And I could not afford it. But I got

Gene Sizemore:

it. And I made it work. Because I really wanted it. I've been

Gene Sizemore:

sailing my whole life. It's a passion of mine. It's something

Gene Sizemore:

that I've always loved doing. It really became who I was, I was

Gene Sizemore:

known because I was I love to sail. And I read an article

Gene Sizemore:

about a couple that saved up their entire lives to buy that

Gene Sizemore:

sailboat that they want to buy. And they finally bought the

Gene Sizemore:

boat, they got it all fitted up, they got their training, they

Gene Sizemore:

got everything ready to go sail around the world. And then she

Gene Sizemore:

was diagnosed with cancer, and they didn't get a chance to take

Gene Sizemore:

that trip. And if there's anything that I'm being hit with

Gene Sizemore:

hard this year, is how important it is to just don't fucking wait

Gene Sizemore:

to do the things that make you happy. live this life, live your

Gene Sizemore:

life now because you don't know what tomorrow is going to do.

Gene Sizemore:

Prepare for tomorrow, and have a plan for tomorrow. But geez, you

Gene Sizemore:

know if there's something that you really want to do, but it

Gene Sizemore:

doesn't make financial sense. Well, you know what, it might

Gene Sizemore:

not make sense. And it might be hard, but if you really want it

Gene Sizemore:

and it's really gonna fulfill you and make you happy. You'll

Gene Sizemore:

find a way you'll figure it out. But but you won't have the

Gene Sizemore:

regrets of getting to a point where you can't do the things

Gene Sizemore:

that you dreamed of doing and that you worked so hard to do.

Gene Sizemore:

And now you can't do because you convinced yourself and society

Gene Sizemore:

convinced yourself that you have to wait until it makes financial

Gene Sizemore:

sense. There's so many things we do. Sorry, I'm done. But I just

Gene Sizemore:

wanted to make those quick points and hope I didn't go too

Gene Sizemore:

long. No,

Cat Ford-Coates:

I love that gene. That's awesome.

Nicole York:

Whoo. All right. Um, I that last point is, is

Nicole York:

really one of those things that strikes home first, I love the

Nicole York:

idea of putting your yearly vacation on a payment plan. I

Nicole York:

mean, that's that's kind of what we're doing right? We're knowing

Nicole York:

in advance, some things we want to do. And we're putting

Nicole York:

ourselves on a payment plan. We're pretty comfortable at this

Nicole York:

point with payment plans, because everything is on a

Nicole York:

subscription. So why not put your vacation on a subscription

Nicole York:

to? I like this idea? But also, yes. I think it's, you know, it

Nicole York:

goes back to what David was talking about earlier, about

Nicole York:

asking ourselves, what are the things that we value? And how

Nicole York:

does our relationship with money come into play with that,

Nicole York:

because we need to be making decisions that make everyday

Nicole York:

life also great. And we need to recognize, you know, sometimes

Nicole York:

there are things that we absolutely will have to wait

Nicole York:

for, and there just isn't a way around that we can still make

Nicole York:

everyday life in the meantime, really fucking fantastic. And

Nicole York:

find a way to do the things. There's no rule that says, all

Nicole York:

of the great things have to come after retirement. Right. And

Nicole York:

whoever said that was just trying to be mean to us. So

Nicole York:

point very well taken Jean. And I also

Gene Sizemore:

want to say real quick, if it's, this is the

Gene Sizemore:

first time I've ever dropped an F bomb on clubhouse. I don't

Gene Sizemore:

normally talk like that, but

Nicole York:

I mean, I do so

Unknown:

Oh, I enjoy it. It's just a choice. I enjoy it when

Unknown:

other people do it. I

Nicole York:

didn't mind it. Jocelyn would love to hear from

Nicole York:

you. And then we're gonna go ahead and

Unknown:

Hey, everyone. Yeah, I'm glad I could join again

Unknown:

today. Yeah, I just wanted to share a couple lessons. I

Unknown:

learned about you know, handling money and being in business,

Unknown:

which were actually learned from mistakes my parents made,

Unknown:

because I don't remember just but it's like, unbeknownst to

Unknown:

them, they were kind of ignorant in terms of like, teaching me

Unknown:

anything about, like investments, and stuff like

Unknown:

that, because again, they were immigrants. So it's like, they

Unknown:

didn't have an American dream beyond coming to America and

Unknown:

like surviving and providing for their family, you know. And so

Unknown:

my parents tried opening a restaurant, and it failed. And

Unknown:

my dad ended up having to own like, the IRS, like $90,000, or

Unknown:

something. And they were like, garden, she has his paycheck,

Unknown:

you know, so learning from that really unfortunate mistake on

Unknown:

their part. And then Jean was mentioning vacations. It's like,

Unknown:

I don't ever remember, either one of my parents taking a

Unknown:

vacation growing up, you know, and, but now now, they, they

Unknown:

hate my dad does and stuff and, and I've been fortunate enough

Unknown:

to travel more than they have I've been to I've been to more

Unknown:

places, it seemed more things than either one of them. So

Unknown:

that's, so I did better or good in that part. And then, just one

Unknown:

more thing, it's talking about how, yeah, I, I saved but then I

Unknown:

also spend because sometimes you just have to remind yourself why

Unknown:

you're working so freaking hard. You know, sometimes you have to.

Unknown:

Yeah, that's about it. You know, just remind yourself like, I'm

Unknown:

working really hard. I'm working my ass off. Oh, sorry. But you

Unknown:

know, so yeah, I'm gonna spend money on things that I want, and

Unknown:

things that I think I deserve. And that's okay. But yeah, just

Unknown:

quick sharing. Again, just happy to be able to join you guys

Unknown:

again. So looking forward to joining us more. And thanks,

Unknown:

Ari, again, for bringing me into this group in this talk.

Nicole York:

super glad to have you here. Jocelyn. And you make

Nicole York:

a really good and important point. Erica, I'm trying to grab

Nicole York:

you. I don't know if it's showing up that you can come or

Nicole York:

if you hit that one by accident, but I pushed the button. So yes,

Nicole York:

there's a saying. I don't remember where I heard it. But

Nicole York:

it's what do you do when you've only got 10 cents left? You get

Nicole York:

your shoes shine. And I had a firsthand experience with this

Nicole York:

during a period in our lives when we were really struggling

Nicole York:

with money, and we had almost nothing like almost no money.

Nicole York:

And everything was really hard. And I was like, You know what,

Nicole York:

whatever. I'm gonna get Taco Bell because it was the cheapest

Nicole York:

thing that I could get with almost the nothing that we had.

Nicole York:

But I needed something and I mean, you're absolutely right.

Nicole York:

Sometimes you just need something and why are we working

Nicole York:

so hard if we can't enjoy our daily lives, so don't, you know,

Nicole York:

we, of course we have to save, we have to put things forward,

Nicole York:

we have to take care of our future. But we also have to live

Nicole York:

every single day. We need to try to build those days in a way

Nicole York:

that make them worthwhile. And don't rely on the someday that

Nicole York:

might never come very much to Gene's point. So I'm not sure

Nicole York:

what was going on. So I tried to bring up Erica, there we go.

Erika:

There. Yeah, honestly, that was just a classic case of

Erika:

me not locking my phone. And it was bumped by accident. But I

Erika:

just wanted to tell you great topic. I've been listening and

Erika:

cheering all week, I've just been multitasking. So thanks.

Erika:

Oh, we are so

Nicole York:

glad to hear it. Alright, so this week has been

Nicole York:

an incredible eye opener, there's been so many great

Nicole York:

things shared. And first, I want to say obviously, thank you to

Nicole York:

everybody who's been participating who's come up and

Nicole York:

share their experiences, their ideas, and, and to everybody

Nicole York:

also, Ari, who's coming up and kicking me in the butt, because

Nicole York:

it's so valuable guys. We need people to be accountable to and

Nicole York:

we need those people who will be willing to step up and speak

Nicole York:

into our lives. And we need to be willing to hear them and not

Nicole York:

to be so attached to our biases or preconceptions, etc, that

Nicole York:

we're not willing to have the intellectual honesty to examine

Nicole York:

ourselves. And so really just encouraging everyone, take

Nicole York:

everything that happened today as if it was being spoken

Nicole York:

directly to you. And ask yourself, Where does this apply

Nicole York:

to me? Does it apply and where and how does it apply? And all

Nicole York:

of us will fall on this spectrum somewhere. So if you feel like

Nicole York:

this topic is really hitting you hard. Recognize that you are not

Nicole York:

alone, we are all in different places where these things will

Nicole York:

apply to us whether that is we need to be, you know, building

Nicole York:

systems for our money, Jeanne, obviously just kind of went

Nicole York:

through some of the systems that he has built. As David mentioned

Nicole York:

earlier, we need to be honest with ourselves, about our

Nicole York:

expenses, about our income, about what we're doing about our

Nicole York:

relationship with money, we need to be able to recognize that

Nicole York:

this is a relationship that it's something we have to devote time

Nicole York:

to that we have to be interested in. And by that I don't just

Nicole York:

mean intellectual curiosity, I mean, interest the same way that

Nicole York:

you would put interest into a transaction. So you have an

Nicole York:

interest in learning about these things. And we are absolutely

Nicole York:

going to talk about running the numbers when when it comes to

Nicole York:

making sure our business is functioning properly, we're

Nicole York:

going to talk about resources that we can reach out to and get

Nicole York:

our hands on. So the conversation is going to

Nicole York:

continue this week, I hope you will be here for it. Because if

Nicole York:

this has been any example, we're really, really touching cords

Nicole York:

here. So we're going to continue to have this conversation and

Nicole York:

then all throughout December is going to be business, we're

Nicole York:

going to start from the bottom up, it's basically just going to

Nicole York:

be a really solid one on one on the tenants of business all the

Nicole York:

way through. So we can really take a good look at the

Nicole York:

businesses we're already running if we have them. If we plan on

Nicole York:

starting a business in the new year, we're going to take a look

Nicole York:

at that so that we can really be prepared. And that way we have

Nicole York:

all of this fantastic information to refer back to

Nicole York:

remember that replays are on so you can go back to the artist

Nicole York:

forge clubhouse, inside of clubhouse, and you should be

Nicole York:

able to see those replays, they will also be we are working on

Nicole York:

getting them up as a podcast as well. So they will be on the

Nicole York:

website, the artists Forge. And they will be in podcast format.

Nicole York:

So we're trying to make all of this as available to you as

Nicole York:

possible. Don't forget, there are already some articles up on

Nicole York:

the artists forged calm so you can go and read some things

Nicole York:

there. But some has the latest post which is really incredible

Nicole York:

about non negotiables which is also something that you can put

Nicole York:

to work for you in your money making decisions. So go have a

Nicole York:

look at that. Come join us on Facebook, the link is up at the

Nicole York:

top. If you're not in there already. We would love to have

Nicole York:

you lots of great information shared there as a resource for

Nicole York:

all of us. And thanks for just for being here for joining us.

Nicole York:

Whether you're in the audience or you came up and hang out

Nicole York:

y'all are amazing. You're the reason why we're here every day

Nicole York:

and hopefully we will see you again. Connie, I see your hand

Nicole York:

up I'm sorry we are closing for today. I hope you will come and

Nicole York:

be with us tomorrow though. If you have thoughts in your in the

Nicole York:

Facebook group, please go share them there. I'm still really

Nicole York:

really want to hear what you say but we got to shut it down. So

Nicole York:

please be with us tomorrow as we continue this conversation. In

Nicole York:

the meantime Go have a fantastic day make something amazing and

Nicole York:

we'll see you tomorrow morning bright and early at 7am Mountain

Nicole York:

Standard Time. Bye, guys.

Matt Stagliano:

Thanks again for listening to this live clubhouse

Matt Stagliano:

discussion moderated by all of us at the artist Forge. We hope

Matt Stagliano:

you found the information useful and that it helps you gain a

Matt Stagliano:

little bit of insight as to how you work on your craft. For more

Matt Stagliano:

episodes, please join us each week day on clubhouse or visit

Matt Stagliano:

the artists forge.com and go make something incredible

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About the Podcast

Morning Walk with The Artist's Forge
How to Critique Art
Learn how mindset, creativity, and visual literacy will help you think like an artist so you can create work you love and build a career that matters; bridging the gap between technique and art.

About your host

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Nicole York