Stress About Money?
Knowing how to make money is not the same as knowing how to manage it.
Lots of successful people stress about money regardless of their income.
Feel You Can't... ->
Spend enough time with your family?
Travel the way you'd like?
Do the things you love?
Live life on your own terms?
Feel Like You'll Never Get Ahead?
You don't have to be rich to be free of money worries.
It's a process that anyone can learn.
Lesson 1:
Understanding Your Unique Financial Challenges
Lesson 1 Key Takeaways:
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Solopreneurs face distinct financial challenges, including uneven income, time constraints, and limited access to traditional benefits compared to salaried employees.
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Effective money management is essential to leverage money as a tool for achieving your life and business goals.
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Financial stability and long-term planning are crucial for solopreneur success.
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Anyone can learn to master money management.
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These lessons will address your unique solopreneur challenges and provide actionable steps and solutions.
Lesson 2:
The Role of Money in Achieving Your Dreams
Lesson 2 Key Takeaways:
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Meaningful financial goals are essential for aligning your money plan with your life (and business) vision.
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Journaling can help you clarify your unique financial aspirations.
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Goals can be split out between short-term (like saving for a vacation) or long-term (such as retirement planning).
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The ‘Rule of 25’ is a quick and dirty calculation to estimate your retirement savings goal.
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Remember that financial goals are flexible and should evolve with your financial journey.
Lesson 3:
Financial Transparency and Clarity
Lesson 3 Key Takeaways:
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It’s important to understand where you’re currently at financially to plan where to go next.
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The two key rules for financial clarity.
- Increased financial transparency makes it easier to make good financial decisions that help you create the life (and business) you want.
Lesson 4:
The Solopreneur's Banking System
Lesson 4 Key Takeaways:
- Optimizing Personal Banking. Creating a Better Business Banking System.
- Consider using a business credit card solely for business expenses.
- Pay yourself a "salary" out of the business.
- Profit First cash management.
- Use Profit First allocations to set aside a percentage of income for taxes.
Lesson 5:
Guilt-Free Spending
Lesson 5 Key Takeaways:
- Budgeting is not meant to restrict you but to free you to spend on what brings you the most joy.
- A guilt-free spending plan regains control and offers peace of mind.
- Prioritize savings and investments first, if possible, per your financial situation.
- As you fill out your first Monthly Wealthflow Plan, identify gaps or opportunities.
Lesson 6:
Healthy, Wealthy Habits
Lesson 6 Key Takeaways:
- Establish a habit of doing a financial wellness check-in each week
- Physically block out the time on your calendar to review your finances.
- Establish a monthly Money Party with yourself.
- Don’t forget to celebrate your wins!
- As you get more familiar with your finances, adjust your habits and routines to suit your needs.
Lesson 7:
The Right Team and Tools
Lesson 7 Key Takeaways:
- The right tools and software can streamline your financial management. But don’t overcomplicate it, especially if you’re starting.
- Scale your financial support system to meet your changing needs.
Lesson 8:
DIY Retirement Planning for Solopreneurs
Lesson 8 Key Takeaways:
- Solopreneurs face unique challenges with retirement planning.
- Retirement planning is crucial, even if you don't intend to stop working.
- Time is a key factor in retirement investing.
- Get the right types of accounts set up for your situation.
- Consistently contribute to your retirement accounts.
Lesson 9:
Creating Your Solopreneur Financial Plan
Lesson 9 Key Takeaways:
- If you’ve followed the lessons and related exercises, your Workbook is a working plan for your finances.
- Your plan and financial goals will evolve along with your business and stage of life.
- Use your workbook to adjust your course (goals, action items).
Lesson 10:
Continuous Financial Growth and Success
Lesson 10 Key Takeaways:
- Don’t forget to maintain consistent financial wellness habits along your journey—revisit your Financial Wellness Checklist.
"Brooke really set my wife and I up for success. We reference the documents created together on a monthly basis, Their ability to evolve as things change on our end is crucial. We had specific goals like getting an artist studio, saving for a house and emergency fund that we felt we would never get to. Brooke found a way to break it down and make it possible! We are extremely grateful for our time with Brooke, cannot recommend her enough!"
Kent Heckel
"Brooke's non judgmental attitude and willingness to truly help others be financially independent, no matter what their journey or situation may look like, is what really sets her apart. Within 8 months of working with her I was able to clear my credit card debt, set up my emergency fund, and successfully saved for big life events that were coming up. Since then, I've worked remotely all while traveling the world as a digital nomad and to this day continue to live debt free."
- Ana Gabriela Pascual Hawayek
"Brooke is an absolute money guru! With her expertise, she guided me in setting financial goals, organizing my money accounts, and strategizing for the future. To be honest, managing money can be daunting, and I prefer to dedicate my time to making it rather than managing it. That's where Brooke's help in incorporating automation to simplify everything was a huge blessing. I'm truly grateful!"