5 Income Generating Mistakes You May Be Making Today

By Jeanna Gabellini, Master Business Coach

Increasing your spendable income is a common desire. Hey, I’m right there with you. I want to invest more into my business, personal growth, learning technologies, home improvements, retirement funds, college funds for my boys, dream car and boat, not to mention clothes, vacations, dinners, gifts, and charities. I could keep going, but you know what I’m talking about.

MONEY TIP: Many of you know the usual advice on attracting more money into your life. Right now, I want to focus on the thoughts and actions that you want to avoid in your journey to more money.

Get What You Focus On

  1. Stop looking at your past reality unless you achieved financial abundance. If you have, then look at what was different during that time. What were you mentally focused on? How did you treat your money? Were you doing something different strategically? What do you think started your upward spiral?
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Thinking about taking that big step and starting a business?

You’re excited, yes, but also NERVOUS.

Truth be told, you aren’t exactly sure how to run a business. How much money is it going to cost to get it going? How much of a time commitment are we talking about?

What does that first year of a business that makes money look like? Am I going to have to give up all my friends and family in order to get it off the ground? What is a realistic expectation for the first year in business?

It’s completely overwhelming if you really think about it. And I know many of you have been thinking about this. (I personally was severely under-prepared when I first started out with my business – and I WISH I had the right guidance in the very beginning.)

Not to worry – my good friend Sarah Dew has you covered. She is a business strategist and productivity expert for entrepreneurs and she is going to tell you exactly how she went from no business to 6-figure business in one year of business – and with three kids in tow!

This is your personal invitation to:

Sarah F 4.24

You can register here.

She is going to go over:

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Whew – well another April 15th has come and gone.

If you will be a receiving a tax refund, then you are likely among the 84% surveyed who wanted to use the bulk of their refund in a responsible manner, e.g. by saving, investing, paying down debt, or making a necessary purchase.

Certainly a portion of those surveyed wanted to spend it on some extravagance, but interestingly many had mentally – or physically – spent the monies already. Plus the more the refund was, the less likely people were to spend it on fun. (More on this Tax Refund report survey is outlined in this Huffington Post article.)

Tax refund

MONEY TIP: Take a moment now to be intentional with your tax refund. If you deposit it into your checking account, or even into a linked savings account, it is essentially delayed spending and will likely be gone in a blink of an eye.

Instead of feeling scared (to do the wrong thing or squander the money), now is your time to be smart and savvy instead. And given that the average refund is $2,831, it’s well worth it to stop and plan what you will do with this “extra” money.

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Some companies have Chief Executive Officers and Chief Operating Officers. My company, OwnYourMoney.com, has a Chief Money Motivator – that’s me.

After last week’s thought-provoking money tip to help you connect with why you want more money in your life, I reclaimed that title and now am going to take it one step further.

You see, once you allow yourself to think beyond the necessities that need to be paid for, you open yourself up to being able to truly give in the bigger areas that are important to you.

GIVE image

MONEY TIP: Charitable giving helps you to recognize the bigger impact that your earning and overall wealth can have on the world. You can give of your 3 T’s: Treasure, Talent, or Time, and your Treasure can be in dollars or other resources/stuff. With this giving, you help to increase your positive money flow, because you are giving to others and not just to stores which merely acts as a direct exchange of your money for their goods.

And don’t get caught up in the dollar amount right now. As Mother Teresa said, “It’s not how much we give but how much love we put into giving.”

Further, as you connect with the causes that matter to you, awesome unintended consequences also happen.

Just last night in my Rich Life Mastery group, Laura (a realtor) shared that she wanted to gain/close six new listings by June 30, 2014. When I coached her to connect with her deeper why of this goal, she connected to her passion in making sure that everyone has a safe comfortable place to call home.

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