Empowering Women to Conquer Financial Challenges with Marlene Schmidt {Ep 73}
In this episode of Tuesday Talks, I’m thrilled to welcome my good friend Marlene Schmidt, a money management coach and founder of Insight Spending Planners. Marlene specializes in helping women with service-based businesses develop the skills and confidence they need to manage, grow, and enjoy their finances. We dive into the common financial challenges that businesswomen face, from irregular income to the struggle of balancing personal and business finances. Marlene shares invaluable insights and practical tips that empower women to overcome these obstacles and prioritize their financial well-being.
As we discuss the importance of establishing separate business accounts and understanding the difference between sales and profit, Marlene emphasizes the significance of aligning financial decisions with personal values. We also touch on the mindset shifts necessary for women to embrace their worth and ensure they’re compensated for their hard work. If you’re looking to take control of your finances and build a sustainable business, this episode is packed with wisdom and actionable advice that you won’t want to miss!
Highlights
💰 Marlene is a certified spending planner helping women manage money effectively.
🌍 She believes wealthy women can positively impact the world.
📊 Many women struggle with irregular income and juggling personal/business finances.
🙌 Confidence in money management is often lacking among women in business.
📈 It’s crucial to separate personal and business finances for clarity and control.
🏦 Setting up dedicated bank accounts helps establish financial discipline.
💡 Understanding personal values can guide better financial decisions.
Key Insights
💪 Empowerment through Financial Awareness: Women often overlook financial management while chasing business goals. Prioritizing money management empowers them to fulfill their purpose.
🔄 Holistic Financial Approach: Personal and business finances are deeply connected. Addressing both is essential for sustainable growth and personal financial security.
📉 Sales vs. Profit Understanding: Many aspire to six-figure incomes without realizing sales do not equate to profit. Understanding expenses is crucial for realistic financial goals.
🎯 Value-Based Spending: Identifying core values helps align spending with what truly matters, leading to greater satisfaction and fulfillment in both life and business.
🏦 Separate Accounts for Clarity: Establishing distinct bank accounts for business and personal use can transform how women view their finances, fostering a sense of professionalism and control.
🧘 Mindset Matters: Developing a positive relationship with money can shift perspectives, making financial management exciting and creative rather than boring.
🚫 Caution Against Credit Dependency: Relying on credit cards can lead to unhealthy spending habits. Building discipline and awareness around money is vital for long-term financial health.
NEXT STEPS ➡️ Learn how I can work together by booking in a FREE Connection Call with this link https://thealignedpathwithdarleen.as.me/connection
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