The Money Itch

Lessons I Learned While Building A Six Figure Coaching Business

The Money Itch Podcast started five years ago. I can’t believe it. As I transition from my coaching business to my new exciting venture, I thought it would be perfect if I left you with a powerful message giving you the most important things I learned that allowed me to build a six-figure part-time business.  Let me start by saying, I always knew I was going to be an entrepreneur from a very young age. This isn’t my first business, but it’s the first one that worked. Everything I have built as an entrepreneur has been intentional.  This episode is designed to be a crash course on business where I share my secrets about how it all came together- it’s what I wish I heard in the beginning of my business.  In this episode, I share… * The timeline of my business from the original idea to leaving my job to multi-six figures and having a team * Seven top lessons learned that allowed me to make my business dreams come true * The truth about why I’m leaving my coaching business behind and starting another business instead * An update on the next business My final message: I want to say thank you to all my clients, supporters, and listeners. These past six years have been amazing. I’m in awe of what has come together. While it’s sad to end this chapter of my entrepreneurial journey, I am so excited to start writing the next one.  I hope this episode gives the “how to’s” and inspiration to make your business dreams come true.  Kendall

How To Juggle More Than One Income Stream

I went from having one income stream to three. The road to getting there wasn’t easy, but it was worth it. There is so much I wish I knew earlier. Like many money goals, there weren’t many people around me that had the experience I needed.  The result was me making a lot of mistakes mostly around not giving each income stream the attention they needed to grow with ease.  Every month, someone tells me that they want to create another income stream outside of their 9-to-5s. Their ideas range from… * Day trading * Online product businesses * Creating a rental portfolio  * Having several businesses at once * Owning commercial property …and so much more. However, people rarely ask me what it takes to juggle this income stream with their careers. Believe it or not this is the number one question you NEED to ask yourself. Why? Your income stream grows and stabilizes when you give it time and attention. It has to be nurtured. If your plan is to create an income stream that doesn't have this, you could be setting yourself up for failure.  In this episode, I will be sharing with you the main strategies I’ve used to get better at juggling my income streams. These strategies have helped me to see continuous success and reduce the stress I used to feel. After six incredible years, we are excited to launch our next business! With that comes big changes. Jones Coaching Group will no longer offer coaching services or the Money Itch Podcast.

Is It Time To Let Go Of Your Financial Plan?

Since I’m making big changes to Jones Coaching Group after six years of the same financial plan, I’ve decided to help you work through deciding if it’s time for you to make changes in your financial strategies as well.  I think this is one area of money we don’t talk about enough. We’re often taught that we have to stick with a financial plan even if it doesn’t feel right or we are not seeing the ROI we want.  When I talk about ROI in this case it doesn’t have to be financial- it can be emotional.  This is something I wish everyone knew about in terms of financial plans…  You can get the same financial results with different financial strategies.  For example, one person can retire early from stock investments, while another person can retire from starting a business or investing in rental properties. All of these financially savvy people can retire early, but through different strategies.  You don’t have to stick to one way of hitting your financial goal. You just have to get the best education on the strategy that works for you.  That’s why this money topic is so important.  In this episode, I will discuss * The two main reasons why you should change your financial plan * How to determine if you are getting the results you truly desire * Examples of when a plan is working or not * Tips to creating a plan that is sustainable for the long haul * When to give yourself permission to walk away * The reason I’m making a change in Jones Coaching Group

Is Being Broke In The Past Impacting Your Future Financial Success?

Anyone who has been broke in the past and has changed their financial lives has financial instincts that keep them financially safe. They live with an anxiety that encourages them to create financial safety nets.  We…  * Tell ourselves “no” all the time * Worry that our financial choices today will lead to a financially bleak future * Live in fear that our past will recreate itself  Being broke in your past can be dictating your actions now. While this can lead to fat savings accounts and great retirements, it can also lead to a lack of growth.  We often don’t hear this advice with money. We hear that scarcity is the key. I can tell you from experience, that my wealth didn’t grow until I started to question my desires to hold onto every dollar and take some risks.  In today’s episode, I will discuss… -The honest results of being broke in the past -How to identity the way your financial past impacts your financial future -An exercise to help you to let go of fear and anxiety around money to live a fuller financial life

One Contract Business...Yes or No?

You might’ve heard that there is no right or wrong way to be an entrepreneur; there are only downfalls. Downfalls that often can be described as a risk.  The financial model of your business is one area that can increase the risk of your business.  One contract businesses are businesses that seek out one contract to produce the revenue. While this can be a great place to start, you may find that the risk profile of this financial model leaves you feeling uneasy.  You can see one contract businesses with  * Nonprofit grants * Consulting * Sole proprietors  * Wholesale products In this episode, I will discuss… * The financial risk profile of one contract businesses * How to reduce your risk profile * The best way to never have $0 revenue projections in your business * What to consider to keep your operation small when diversifying client base