6. Taking Control Of Your Finances As A Business Owner with Money Coach Sophia White, owner of The Balanced Budget LLC
![6. Taking Control Of Your Finances As A Business Owner with Money Coach Sophia White, owner of The Balanced Budget LLC](https://d3wo5wojvuv7l.cloudfront.net/t_square_limited_480/images.spreaker.com/original/646b719657448f17126925c1d3d11016.jpg)
Sign up for free
Listen to this episode and many more. Enjoy the best podcasts on Spreaker!
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Description
Happy New Year, Boss!! If you’re anything like me, a lot of your new year’s resolutions orbit around money. For years all I did to understand money was ask friends,...
show moreIf you’re anything like me, a lot of your new year’s resolutions orbit around money. For years all I did to understand money was ask friends, family, and the internet, and was not met with any clear answers. So in 2021, I decided to take matters into my own hands and look for a Money Coach… and then I met Sophia White, owner of The Balanced Budget LLC.
Sophia, money coach and bookkeeper, literally changed my financial life. When I began working with her, I wanted to create plans for my personal finances, but throughout her 8-week program, we did so much more. We worked on investing, opening my LLC, setting up a business bank account, understanding how to save for taxes, saving for retirement and so much more!
I invited Sophia on to the show because a lot of aspiring entrepreneurs are held back by the money aspect of leaving their job, investing in their business, etc. If your roadblock is money, there is a way for you to figure it out.
Sophia is a wife, a mom of 2 toddlers, has a 9-5 and does her side hustle as well #BOSS. We talk about how she is passionate and all-in on her side hustle even without it being her full-time job.
One of the most important things that Sophia and I figured out for my business was setting up my LLC and understanding taxes. As an employee, usually, your taxes are automatically taken out for you, but as an entrepreneur, you have to figure it all out by yourself.
Luckily, when I went to Sophia for help, I was debt-free, but she helps a lot of her clients get out of debt. Her #1 tip for people with debt is to crunch the numbers.
Topics in this episode:
- Starting a business
- Building up your side hustle
- Taking control of your finances
- Ending the Money Stigma
Your Challenge this week:
1. Look at your income and expenses to figure out where your money is going.
2. Figure out how much you can invest and save.
3. Set goals for yourself and your business.
Connect with Sophia:
Instagram: https://www.instagram.com/thebalancedbudgetllc/
Connect with me, Hayleigh Hayhurst:
Free Resources: https://www.espressopodcastproduction.com/resources
Instagram: https://www.instagram.com/espressopodcastproduction/
Facebook Group: https://www.facebook.com/groups/espressogrowth
Website: https://www.espressopodcastproduction.com/
Music: John Kiernan. www.johnkiernanmusic.com
Information
Author | Hayleigh Hayhurst |
Organization | Hayleigh Hayhurst |
Website | - |
Tags |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company