The Fastest Way For Business Owners and Creative Professionals to Improve Their Finances Without Getting a Second Job.
Most people think that making more money will fix their finances so, they get second and third jobs and wear themselves out - meanwhile their finances stay the same or oftentimes get worse. Luckily, there’s an easier to improve our finances and it doesn’t require hustling for more money - stick with me as I show you how.
And if you prefer to watch the video, please check it out here…
My name is Lucas and welcome. In my 20s and 30s I chased after money. By 38, I was making the most of my life YET, I was in the worst financial position of my life. No matter how much I made, it was never enough.
Now, a few years later… my debt is gone, I have savings, investments and 2 years worth of living expenses for emergencies. And the best part, I didn’t get a second job or hustle for more money.
Now, as I get into I how I did it, I’d like to point out that i’m not a financial expert and this is not financial advice. I share what works for my clients and I so take what you like and leave the rest. Remember, your financial decisions are your responsibility - I accept no liability.
Ever pay your bills and then POOF, there’s nothing left for you? There you are scratching your head, trying to figure out where it all went, meanwhile your savings account is empty… I lived that way for almost 3 decades. I used to blame the cost of living and a lack of money for my problems but deep down, I knew there was another issue, I just didn’t want to admit it to myself… I spent money like a kid in a candy store. I had no self control and no accountability for my spending. Meanwhile, I was behind on my taxes, had a mountain of debt and zero savings. I was hemorrhaging money and if my income stopped, I was screwed.
If you’re still reading this, I’m willing to bet that you know exactly what i’m talking about. So, if you’ll indulge me for a moment, I ‘d like you to imagine that you have a big red bucket. It’s old and full of holes so no matter how much water you pour into it, most of it leaks right back out.. This is what most of us are doing with our money. We hustle to make more, but because our financial bucket is full of holes, it doesn’t matter how much money we pour into it. So what’s the solution?
“It’s not about how much money you make, it’s about how much money you keep” - Robert Kiyosaki
In my experience, the easiest way to improve our finances is to plug our financial leaks and capture all of the money that’s being wasted. Learn how to keep and manage the money FIRST, and once you’re standing on a solid financial foundation, everything else becomes easier. Let me give you an example…
A while back I met with one of my closest friends and his wife. They were making big commission checks and they were having a LOT of FUN Problem was, they had wracked up 90k of debt and it was growing fast. Their initial solution was to make more money but that accelerated their spending as well as their debt. So we sat down and ran some basic numbers.
Within a few minutes I showed them how they had been leaking $120,000. How? Doing fun stuff is expensive and because they had no plan for their money, no accountability for their spending and no organization to their finances, they were hemorrhaging money.
$120,000 is a lot of money to be wasting and my buddy was a bit embarrassed - but me? I was ELATED.. why? Because I knew that if they had been wasting 120k, that meant that they could be keeping 120k. All they needed was some guidance on identifying and then plugging their financial leaks. I walked them through the process and within 9 months, they paid off all of their debt! 90k, GONE.
Not by making more, but by capturing and managing what they already had.
Imagine an extra $15,000, $30,000 or in some cases, $120,000 of your own money. Would you be worried about a second job? If you’re curious to see how much money you’ve been wasting, click here to book a one-on-one call with me and I’ll show you how much you could capture. That’s right, I will run your numbers with you for free, no strings attached.
Now, over the years I’ve identified 9 major financial leaks that my clients, including myself, have struggled with..
Not having a plan for our money
Not knowing how to stabilize irregular income
No accountability for our spending
Not paying ourselves 1st
Carrying bad debt
Not setting aside money for taxes
Paying WAAAY to much in taxes
Hiding from our money problems
Making poor choices based on a Poor financial education
Just one or two of these can keep us from achieving our financial goals, no matter how much money we bring in. But when we bring awareness to our day to day financial habits, we are now in a position to make better choices.
STEP 1:
The first thing is to identify where you’re hemorrhaging money…Do you have horrible spending habits like me? Do you struggle with inconsistent income? Maybe you jam yourself up with a massive tax payment at the end of the year? Make a list and feel free to add your own financial leaks
STEP 2:
Step two is to plug your financial leaks… Start off by asking, “How can I stop hemorrhaging money” For example: If you’re financial education was non-existent, read a few books, listen to some podcasts and maybe take a course or two. If you’re paying too much in taxes, hire a tax professional to help you create a plan to pay less.
When we identify our financial leaks, what we’re really doing is getting more honest with ourselves by taking a closer look at our poor financial habits. And when we plug the leaks, we’re opening ourselves up to new, more productive ways to handle our money.
I knew my spending was out of control but admitting that to myself took a little time. As soon as I did, I was able to take action, plug the leak and improve my spending habits.
Earlier I mentioned that I’m not a financial expert and I have no desire to be. I’m a creative and small business owner and I spent 2 decades trying to do finances they way everyone else was. I felt like I was banging my head against a wall because none of it was helpful.
If you’re tired of forcing yourself into a financial box or the common approach to money has never made sense to you, there’s nothing wrong with you. It’s simply time for a new financial perspective. Over the next year I’m going to address common financial issues that small business owners and creatives often deal with and I would love for you to join me.
In the next video (and blog post), I’ll walk you through how to create a plan for your money that doesn’t require budgeting and how to start paying yourself first.
Thank you for your time and energy! Until next time…
Lucas Z.