Paying Uncle Sam

Today my CPA’s office called. The secretary asked if I was sitting down.

She proceeded to tell me I’ll have to write a check to Uncle Sam for the same amount of money that used to be my pay for 6 months.

SIX. MONTHS. 💰

A few years ago, that would’ve made my stomach turn.
Today, I was excited.

As you read this you might think I’m crazy but follow my train of thought.

Entrepreneurship is seen as “sexy” right now, and let’s be honest, it kinda is. But it’s also a huge risk and LOTS and LOTS of work!

I’ve been doing my own thing for years now and the fact that I’m to the point where my business brings in enough that I have to pay taxes equal to what six months of my pay would’ve been in corporate America, to me, that says, “Girl, you’re making it! You’re doing it! You’re work is paying off!”

I look at writing that big check not as a negative thing, but a very positive sign showing my business is successful!

Writing that big fat check is a blessing.
It makes me feel abundant!
It makes me feel empowered!
It makes me realize banking on myself was the best risk I ever took!

 

I hope my entrepreneur friends get to experience this feeling! I hope you keep betting on yourself! If I can do it, so can you!

XO,

Dorothy

29572978_2034249193271228_903012612538282194_n

Advertisements

Agnes & Dora 6 Month Update

18555030_10103887051005499_1360026147_n

Time flies when you’re having fun! Did you guys think I totally disappeared? Well I did for a little while, but now we’re together again, so let me bring you up to speed!

The last time we talked, I had just left the LuLaRoe queue and signed with Agnes & Dora. I gave you all my reasons and left you hanging with how things shook out! Sorry about that, but I had a good reason I promise.  I will be sharing some financial things in the blog post, not to brag, but because many ladies want to know what’s possible with this business.  I believe in being transparent in business so others can see what’s possible 🙂 

On November 7, 2016, I went into preterm labor with my son.  He was 31 weeks and 5 days old. There was NO stopping the birth and he came into the world a solid 8 weeks early. Don’t panic! He was so healthy. The doctors were unbelievably impressed but we still had to leave him in the NICU.  The following week, as my husband and I IMG_5184were playing the NICU parenting game, me trying to recover, him working and both of us bouncing back and forth between the hospital and home, my inventory arrived. Both excitement and overwhelm took over at that point.  I had a business to run but was also now the mom of a preemie and trying to rest and recover.

 

If there’s one thing you’ll learn about me, it’s that I have a hard time slowing down and resting. If I have goals, well watch out!  Despite it being the CRAZIEST time in my life, I launched my business the same week I received my inventory. Some people thought I was nuts, but I truly needed the distraction. I needed something to keep my mind from the fact that my son was 35 minutes away from me and that there was nothing I could do about it but wait for time to pass, weight to be gained and for him to hit certain milestones so he could come home.

The first weekend, I did an inhome open house and had friends and family come shop and try on all the A&D goodies. It was a success in my eyes! I sold around $1k retail in just a few hours that weekend.  I then went to my Facebook group and starting doing both album and live sales there.

What everyone wants to know is, “how long did it take you to make back what you invested?” Originally my plan was 30 days but seeings how I had extenuating circumstances, I cut myself some slack.  It took me until the end of December, so around 45 days.  I ended 2016 breaking even.

During that time, our son was discharged from the hospital and my business strategy changed drastically.  Originally, I had planned to do a mix of online, in home shopping hours and pop ups in other friends homes.  However, we knew bringing a preemie baby home in December meant we needed to now go into hermit mode for the sake of health.  All of my sales ended up being done online from early December until now (May 2017). The last week of December, I sat and really reflected on what I wanted to create with this business.  I could see the potential for this business to me the thing that changed the life of my family.  You see during December, my husband was home the entire month. All I wanted now was to create enough income to 1) pay off the enormous debt the NICU had piled on us and 2) give my husband more time at home with us.

I was determined and committed to creating MASSIVE change for us and that’s what I have done.

Since January my retail sales have grown between  $1.5-$2k every month and April I closed out my first 5 figure month in sales! In fact, in April I far surpassed my original sales goal. It was a pretty awesome 30th birthday present to get.  Now, one thing I want to say about this growth is that it doesn’t come easy. You’ll hear some people say that “the clothes sell themselves,” and that’s not true. You have to market, create a presence online, create relationships, provide good customer service, be a real and authentic person and show your personality. It’s work! It’s a lot of work! And with success comes more work…leggings, dresses and tops don’t just package and ship themselves ha!

 

18554735_10103887018485669_1609273104_n

When you turn 30, wear lemons!

Some other amazing things have happened besides my sales as well.  A&D did NOT allow us to recruit (until recently and we are NOT an MLM) but wanted us to have organic growth. My team organically grew to over 60 fabulous women! Many of whom were brought to me from this blog or my YouTube channel. One thing that I ABSOLUTELY LOVE is helping other women build their business and A&D has provided the opportunity for me to do that as well. We’ve formed a tight team based on empowering each other and uplifting each other up. We are a tribe of positive, go-getters, determined to change our lives and to make an impact in the world.

 

With all this hard work came other rewards like paying off our son’s NICU stay, allowing my husband the freedom to not work as much in order to be more present with us and we booked an oceanfront beach house for our family as well as a dream getaway to stay at the Biltmore. Of course, A&D doesn’t guarantee any level of income and like I said you have to work, but with hard work, amazing things are possible.

18518821_10103887020117399_1571480151_n

I’m sure many of you reading this will have particular questions if you’re looking at A&D as a business opportunity. I plan on doing more blogs on specific topics as well as adding more to my YouTube channel  but in the meantime, feel free to email me at agnesanddorabydorothy@gmail.com. If you’re interested in joining my tribe of go-getters please list “business opportunity” in the subject line. If you’d like to shop A&D you can do that here: shopwithdorothy.com  

Thank you all for taking the time to be a part of my journey!

Xoxo,

Dorothy

 

5 Tips for Beating the Pregnancy Comparison Trap

Before I was pregnant I will admit, I was one of those girls who compared her body to people I saw on Instagram or Facebook.  I think most women have compared themselves to someone else at some point in their lives. Especially in our society it seems like we’re taught we’re supposed to look a certain way so finding yourself in the comparison trap is super easy.  Magazines, TV and the internet show a certain “figure” that is unattainable…even for those portraying it…photoshop had done damage to our brains!

But moving on!

What I wasn’t prepared for was the comparison game that was ahead of me in pregnancy.  I swear that it’s worse than the non pregnancy comparison…at least for me and I know if I’m feeling it, that there are other women out there wearing the same feelings.

14445373_10103242925777619_2020649136_n

The more my body changed, the more I found myself comparing. Here are some of the things that I’ve found myself saying or floating through my brain…

 “Should I look like this at 12 weeks, 16 weeks, 21 weeks?, Am I getting too big too fast? OMG she doesn’t have cellulite on her butt and legs and she’s farther along than me! What’s wrong with me!? Crap, I hope I don’t get stretch marks like so and so’s picture I saw on IG! Where’s the belly butter? How does she still look that HOT at 28 weeks pregnant? HOLY HELL she’s still so small?? Wait, she still has muscle definition like that…what’s wrong with me that I lost almost all of mine? UGH. Good grief look how cute she is pregnant in her adorable maternity clothes and I can’t find one thing to fit me that doesn’t make me look like a giant COW! She said she only gained 20lbs her whole pregnancy, great! I’m doomed then sitting pretty at 25lbs in 25 weeks!  How is she so happy being pregnant…I’m over here still puking at 25 weeks and she makes this whole experience look glamorous.  OMG she just had a baby FIVE WEEKS AGO?!? How does she have a flat stomach with abs already? Ok, I’m just done…”

 

I found myself spiraling down this dark hole of social media pregnancy posts AKA the highlight reel where NO ONE shares the crap of life.  Well I’m sharing the crap because I believe in keeping it as real as possible.  I’ll tell you, it got dark in that hole.  The comparison game is the quickest way to unhappiness, to depression, to anger, to frustration and it’s just not a good place to go.  I realized pretty quickly that I needed to change somethings starting with these:

1)UNFOLLOWING PEOPLE AND ACCOUNTS THAT MADE ME FEEL SUBPAR

Instead, I choose to follow people and accounts that had encouraging, real, uplifting messages and didn’t just only share the highlight reel of life. This way my feed was full of things that helped me, not hurt me. I encourage you to do the same thing.

              2) SPENDING LESS TIME ON SOCIAL MEDIA

This was a hard one for me!  For a few years this is how I have built my business BUT when social media becomes unhealthy or an addictive behavior (anyone else roll over and scroll first thing after the alarm goes off? Yeah me too) it’s time to change that behavior.  I started setting times of day I was allowed on social. Less social = less stress. It also meant that I was paying more attention to MY life, MY family and MY world. I was getting more in touch with my feelings and processing them. It meant I was spending more time getting ready for the big life change that’s coming in December.

      3) RECOGNIZING THAT EVERYONE’S EXPERIENCE IS DIFFERENT

With pregnancy as much as we and the doctor’s want there to be a one size fits all approach with everything from weight gained in pregnancy, to how to deliver babies, pregnancy is NOT one size fits all.

I was super healthy coming into pregnancy, very active, great nutrition habits and I still have had a crappy experience despite my best efforts.  I always assumed I’d stay almost as active throughout pregnancy and that was nearly impossible and you’ll see why in a second.  I always assumed I’d only gain 25lbs because of my nutrition and exercise and you’ll see why in a second that isn’t the case.  I always assumed I’d be glowing with only a few days of looking terrible and feeling bad.  Yeah…not my experience at all.  

Morning sickness (who are we kidding it’s all day) that I’m still having at week 25, weight gain even though I’m eating less thanks to throwing up, insomnia (hello baggy eyes and goodbye glow), low BP issues and headaches that last for 24 hours which mean my workouts have been limited, blood sugar irregularities with my type 1 that are driving me insane, not feeling like myself at all (can someone please send Dorothy back?  I miss her!) and a SUPER low baby causing back pain are just a few of the things that have plagued me.

Not to scare those of you that haven’t ever been pregnant, but again, I’m coming at you with my experience and keeping it real.  You could be glowing, super active and breeze through this thing…or maybe not. Just be prepared for all outcomes. And now many of you will know why I say “NEVER AGAIN!”

       4) ACCEPTANCE

This is still something I’m working on and I have a feeling I will continue to work on it until the day I have baby B.  Trying to be ok with the fact that what I’m going through is nothing like what I envisioned for myself.  Realizing that this journey is as much for me to learn from, as it is for someone else reading, this who might be feeling the same way, and me sharing means they don’t feel alone with their feelings. Because at this point if you’ve followed me for any length of time, you know I believe that nothing happens to us, but for us and to share it to help others.

I’m also trying to remember daily that even through all off the hard stuff that I can still find things to be joyful for.  Here’s a glimpse into how I’m keeping this real…this morning I jumped up mid bible study and ran to the bathroom to puke saying “you can make it, you can make it…” with the dog sprinting after me (you’re welcome now that you have that visual), hunched over the toilet bowl (we’ve become good friends) wiping puke off of it I thought, “OK, yeah this sucks…alot, but what are three things I can actually appreciate today because I can’t stay in the space of feeling sorry for myself?!”  I know it sounds corny but I actually did this to switch my mind from the suckfest that just happened to what I could be joyful for.  My three were:

1) that baby boy is healthy

2) that I feel God speaking to me through my bible study

3) that I was up early this morning to enjoy my favorite time of day  

So if you’re finding yourself in a suckfest, instead of continuing into that downward spiral, find something you can celebrate right then. It doesn’t matter how big or how small!  There is always something you can show gratitude for!

         5) LOVE & GRACE

Closing this thing out, what I’ve really found is a need for love. This is the HARDEST thing most of us women will ever do.  And through all the changes, the hormones and the craziness, we really need to work on love and giving ourselves some grace. Let’s cut ourselves some slack! We’re doing the best that we can do and that’s all that matters.  It’s YOUR very unique and individual journey, no one elses! The body is doing an amazing thing.  Who cares if it doesn’t look like our best friends when she was pregnant, or that model on “fit pregnancy” magazine.  It’s uniquely ours and it’s creating a miracle.  Love it for that, love it through that and it will love you back.

So here’s to you mama, reading this blog! You are strong, awesome and amazing.  I hope you’ll take some tips away from this and I’d love to hear your feedback!

XOXO

Dorothy

Lularoe Queue Club – Week Two

Hi Ladies!  Wow, two weeks have flown by since I’ve submitted my paperwork to Lularoe.  I’ve been a busy bee getting ready for my business to officially launch.  If you missed what I did in week one, check it out here:

One of my goals with documenting and sharing this is for my team (and future team) so that they can see the steps taken leading up to onboarding and receiving inventory.  Seeing everything you need to do all at once can be overwhelming, so breaking it down week by week helps to keep that overwhelm away!14355838_10103229689942339_1437519554_n

So what did I do in week 2:

  • Banking-ordered some deposit tickets, activated card so I could finally start thinking about ordering supplies!
  • I made a public announcement that I was waiting to onboard with Lularoe and that this is my new business venture.  Sharing with your friends, family and social media is SUPER important!  There are so many people that already love LLR that will be excited for you and want to support you, so SHARE what you’re up to!
  • Made my Lularoe Facebook business page public!  Woo hoo!  In the first 4 days it was up and running I had around 190 people like the new page and show their support, which was amazing!  Now while you’re waiting to make your BIG announcement, you can create your biz page and just not publicly publish it yet. But in the waiting period make sure that you’ve got great images on there that are customized to your biz, your contact info, and stock pile a little content so your page is fresh all the time.
  • After making my announcement and sharing my new business FB page, I shared my VIP group so people could request to join, you can find that here:https://www.facebook.com/groups/826608464142294/ This is the group where you will host online sales, share upcoming inventory with your clients, make relationships with your clients, be engaged, be informative, be encouraging, share tips, etc!  This group is super important!  Always aim to provide value to your clients! My goal is to make my VIP group a community of confident women empowering each other!
  • I wrote and shared my blog post on www.dorothycbooth.com about WHY LULAROE! Make sure that when you become a consultant you share what influenced your decision to join! People want to know you! What drives you!  Be real, that’s how we connect with each other.
  • ETSY claimed too much of my time! Yikes!  I wanted to find some cute business cards!  On Etsy you can order business card templates that are personalized to you and then download the file and have them printed at Staples or VistaPrint! That option will save you a few bucks!  My template is super cute and was only $8!! My cards will be ordered as soon as my cute template is customized by the graphic artist! YAY! Oh and one tip on this, get cards that are multipurpose, for example, my cards not only have my info but a sizing area for clients to write their sizes next to each style LLR offers, as well as my exchange policy, how to care for your LLR and info about hosting a pop up or becoming a consultant as well as a BUY 10 get 1 Free!  Woo hoo! Who doesn’t love something for free!?
  • Content and Posting Schedule.  OK, if you haven’t worked in social media land before this one might be new to you BUT the best way to work in social media land is to have a content calendar!  Basically you look at the whole upcoming month and decide what you’re sharing, posting, creating, every day for your clients, audience, team, etc. You can create themed days or have a theme to your week. Whatever works for you!  I block off a good chunk of time to do this BUT the beauty is that each day I don’t have to scramble about what I’m sharing and posting!  The work was already done and I just have to hit POST!  I create content for both my biz page and VIP group.  Again it’s about providing value to your market! Stay positive as possible, helpful, encouraging, etc.
  • Booking/potential bookings!  I started reaching out to people that were interested in hosting online or in person pop ups. Since I don’t know the exact date I’ll receive my inventory letting them know that it would most likely be later Oct. was important and just making sure to keep track to who is interested so once the onboarding call comes, I can set those dates on my calendar.  So even though you might be waiting for your beautiful LLR to come in, talk to friends and family about helping you get started!  I mean, afterall, they get FREE clothes!  SCORE!
  • Lastly, I wrote this blog post on a freaking gorgeous afternoon on my front porch on the first day that felt like fall!  That’s the beauty of being a small business owner and entrepreneur! I work from where I want to work, in my comfy leggings, listening to “today’s Christian Hits” on Pandora, drinking my first pumpkin spice breve coffee of the season.  Yes, being an entrepreneur is work but it’s rewarding and fun and freeing.  If you’ve been thinking about taking the leap into entrepreneurship, DO IT! And if you’ve thought about doing it with Lularoe, what are you waiting for? Let’s talk so you can have the details!  I’d LOVE to work with you and help you create a strong business. Email me lularoedorothybooth@gmail.com, if you’re local I’ll treat you to a coffee date and if you’re not we can skype and drink coffee at the same time 😉

That’s a wrap on week 2! Thanks for being part of this journey with me! Hope you’re enjoying learning what it’s like to be in the queue!

Xoxo,

Dorothy

Lularoe Queue Club – Week 1 Update

Time flies when you’re having fun!  In case you’re wondering what the “queue” is, it’s basically the waiting list for those of us that have submitted our paperwork to the LuLaRoe home office and we are patiently dreaming of the day our phone will ring to onboard as an official consultant where we can order our inventory!

Right now, I believe there is a 6-8 week waiting period and most people see that and think, “what the heck am I going to do waiting for all that time?”  Oh ladies, let me tell you, there are plenty of things to attend to when it comes to setting up your own small business and I’ve decided to document all the things I do leading up to my onboarding phone call, so that when you decide to join my team, you’ll have all the steps to take 🙂

 

Think of the time this way, if you wanted to open a brick and mortar clothing store, you wouldn’t be able to have the idea today and open tomorrow right? You’d need time to find your space, open a bank account, get financing, order supplies, market, etc.  That’s exactly how you have to treat this time “in queue.”

14269679_10103212488843479_170303012_n

Week one looked like this for me:

  • Submitted all paperwork to the home office and printed out my consultant guide.
  • I created a new email account specifically for my LLR business.  You should create a gmail account. It’s totally free and provides you awesome benefits like Google Drive which will be your bestie for organization online!  My new email is lularoedorothybooth@gmail.com so if you have questions, reach me there.
  • I create new social media accounts!  If you’re not on FB or IG already, now is the time to get that done! Social media is a huge way that people are doing business now and a great way to get outside of your warm market. Most people take to social media to find out information about businesses and products, so don’t miss the boat on this one.  My new FB is Lularoe Dorothy Booth  and IG is Lularoe Dorothy Booth as well.  As you will see, keeping your name the SAME across your platforms is SUPER important for your brand identity and for people to find you with ease.
  • I created my VIP shopping group on FB.  This is an awesome thing to do where you can hold weekly online sales and share your new inventory with your customers, answer their questions and even go live within your FB page and really create relationships and get to know your clients.  You can find my group here:  https://www.facebook.com/groups/826608464142294/
  • You don’t have to do this one but I already had a blog established BUT it was based on fitness, nutrition, etc.  So I changed the domain name and removed some of my fitness based offerings that I’m no longer offering for the remainder of the year.  www.dorothycbooth.com is where I’ll be sharing all about my LLR journey. Having a blog is another great way for people to gain information and get to know you!  Provide value always on your blog!
  • OK, let’s talk FINANCING!  That’s something that many people freak about when they see the price to start their LLR business, but you have to see it as an investment in your future, not a price tag.  If you’re serious about your business and treat it as one, you will make your investment back quickly.  Right now you can plan to spend around $6,000 and that’s your inventory and then purchasing supplies you’ll need for your inventory, pop-ups, etc.  So there are a number of ways that people choose to finance this and perhaps I’ll do another post on that, but here I’ll share with you what I did.  To cover my initial investment of $5300 for my inventory, I will be using a 0%apr for 12 months, credit card as well as pulling some from savings.  So this week I applied and was approved for the card. MANY new consultants get started this way, and as long as you have good credit you shouldn’t have a problem finding financing this way. (like I said I’ll blog more about this later).
  • Set up a new bank account!  You don’t want to co-mingle funds. That becomes a mess and the IRS sure doesn’t like that IF you’re ever audited.  To open my account I used the savings money and money from my previous business that I rolled over.
  • Made a list of the 50 people I wanted to share my new venture with.  If you pay attention to your newsfeed on social media, you’ll see SO many people who already love LLR!  Reach out to them!  They might LOVE to host a pop up or online sale to get free clothing!
  • Start watching training videos and reading over any documents that your team provides for getting started.  
  • Decided on how I wanted to announce my new venture via social media and created content around that topic.

 

Now your week one could look different from mine, but I just wanted to share what I’ve done to get ready so far!  I’d love to know if you’re a current consultant what you did in week 1!  Comment below!  Or if you have any questions about LLR, onboarding or joining my team, feel free to comment or email me at lularoedorothybooth@gmail.com

Hope this was helpful!

Xoxo,

Dorothy

Why LuLaRoe?

I’ve never been 100% comfortable with my body. Growing up I was super athletic and was the girl that had to get the jeans a size bigger just to fit her legs while the waist gaped. It was super attractive.  I started having body image issues when I was in 7th grade and they just intensified through HS and college, manifesting itself as disordered eating in the form of binging and obsessive exercise.

Let’s fast forward into my 20s. I dove into the health and fitness industry to keep myself in “check” with my weight. Always striving for a body that I thought I should have.  Because I was never truly happy with what I saw looking back at me, the idea of having a baby and listening to so many women saying how they never “bounced back” afterwards terrified me.  I had never gotten to where I wanted to be before a baby so how would I feel good in my own skin afterwards?

Then it happened.  I found myself 20 weeks pregnant, struggling with what I saw in the mirror. Nothing fit right, not even maternity clothes.  Getting dressed in the morning turned into an Olympic event of stretching and pulling and grunting and crying.  So I reached out on FB asking if anyone used Lularoe as maternity wear?  I’d never even tried any of their clothing on, but I knew that the leggings were supposedly to die for.  A friend responded that they were having a pop up and I should come.

That afternoon, I found myself in 2 rooms full of bright colored, patterned clothing. I took 2 pairs of leggings and an Irma (tunic) into a bedroom to change and as soon as I pulled those buttery leggings onto my body I knew that the clouds had parted and my days of frustration in my closet were over.  As I stood in front of a full length mirror, I felt pretty, despite my growing belly.  Everything fit so well. No rolls, no pinching, no uncomfortable anything. I felt cute and comfortable and happy!  I felt confident in this ever changing, expanding body growing our baby boy, whereas 30 minutes prior to showing up the the pop up I was body shaming myself for the way the maternity shorts were (or weren’t) fitting me and how self conscious I was.

14182347_10103191921740119_785226797_n

My self consciousness dropped right there at that pop up.  I felt confident in what I was wearing and I felt good and I knew that I wanted to help other women feel that same way no matter what shape or size they were because we all deserve to feel good in our own skin! 

I’m sharing with you that a huge part of my mission is to empower and inspire women and increase body acceptance so it should be no surprise to you all that I decided to become a LuLaRoe consultant and am currently waiting to onboard and receive my inventory!  I’m super excited not only to have clothing that makes me feel beautiful and confident but to help other women feel that exact same way!

I love what LuLaRoe stands for and it was 100% something I could promote. I can still focus on my health, my family, serving others, helping other women of all shapes and sizes feel amazing in their bodies, help them build businesses and generate income for our families and be able to give generously to our communities!

So I’m curious, have you heard of LuLaRoe, are you addicted to their awesome clothing or thought of being a consultant yourself?

Feel free to follow my journey on FB at fb.com/lularoedorothybooth and join our fun group here: https://www.facebook.com/groups/826608464142294/

Chat soon!

xoxo,

Dorothy

Positive Money Mindset & The Key to Wealth You’re Missing

Money, money, money, money…money!

Ok, I’ll stop being funny…no I won’t that was a lie.

But for real today we’re going to talk about a subject that most people are uncomfortable talking about…MONEY and FINANCES. HOWEVER before anyone gets all weird on me I want to tell you one thing, MONEY IS A NEUTRAL RESOURCE. It’s not good or bad.  Money isn’t a problem but it’s our attitude towards it.

13726559_10103106390380649_3647054868920586841_n

I want you to know where I’m coming from, I do have a business degree and I did work in the banking industry for 4 years prior to joining the health industry SO I do have a good understanding of what I’m about to talk about. And because of that background my eyes have been opened to so many financial opportunities that others miss, that I really feel I have to talk about this!

 

I want you to know that Money isn’t my obsession but what I am obsessed with is freedom and the dreams that can be built not only for me and my family but you and yours when you do have financial freedom. Everyone deserves a future they can look forward to, not one they dread and because people manage to dig such financial holes, life turns into a drudgery and you can never retire.

I want you to remember that It’s not faith to live hand to mouth and it’s not good stewardship.

 

OK So lets get rolling!

 

You know what’s funny but not funny? So many of us would like to make more money and there’s NOTHING wrong with that but we feel like we’re greedy or selfish and we feel bad because we want it.  I’m here to tell you that’s a thought built on a crummy belief system.  Somewhere along the line someone probably said something to you about “rich people being greedy, “ or “money is the root of all evil,” or  something negative around having or making money or my favorite one is that you can’t be religious and have money…give me a break. All of these things you saw or heard by people close to you most likely and it was because they had their own insecurities around money, these people had poverty mindsets, they were consumed with jealousy and envy for what others had…both of these things are unbiblical. And being consumed by those they’ll never have the prosperity mindset.  What we tend to see is happen in the money world is negative thinking around money is passed down generation to generation BUT I’m here to tell you that chain can be broken with you!

 

Can you relate to having negative thoughts around money? Do you maybe come from a family with negative beliefs around money that I mentioned? I know I can!

The even worse part is that when we have negative thoughts around money, we will never have money!  It’s like repellant.  Negative thoughts don’t bring in positive results. So saying things like “I’m always broke,” “My money is all gone before I get paid,” “I’ll never get ahead financially,” “I’ll never be able to retire,” “I can never afford vacation,” is manifesting being BROKE! You’re literally speaking what you don’t want for yourself into existence because that’s all you’re dwelling on. Remember, perception is your reality and what you focus on grows in your life. There are people in the same financial situation as you that choose to still see the silver lining and the positive and they will be the ones that come out ahead.

 

So what can we do to change our money situation? I’ve got a number of things for you today, listen up:

 

Number one, change how your view money. It’s not evil. If you’re a crappy person before you have money, you’ll be a crappy person with money but you all watching are great people with big caring hearts so you’ll be wonderful people with money! Get me?  And if you’re a great person you will most likely not be selfish or greedy and you’ll be using that money as a way to bless others as well.  You will broaden your vision beyond yourself and your families and you’ll seek out ways to serve to serve the needs of others and your community.  You will be cheerful givers and be helping to change the world.

Number two, change how you speak about money.  Only talk about money in positive terms…even if you’re struggling financially you need to say things like, “I have all the money I need to pay my bills and then some,” “I am financially secure,” “my work is of high value and I’m compensated well for it,” speak it into existence because what you start to believe you will actually achieve and attract just like you saying I’m broke all the time actually keeps you doing the habits that keep you broke.

Number 3, make a budget people! You need to know where your money goes and you need to be responsible for it! Stop spending on eating out multiple times a week, hitting up convenience stores on your break, upgraded satellite packages with 100 channels you never watch, clothes you don’t need to keep up with the latest season’s trends, getting a new vehicle every 4 years and always having revolving debt on something that depreciates quickly, and keeping up with the Jones’s…hint…the Jones’ are probably trying to keep up with you and you’re both making each other broke!  Stop it! Stop it until you can really afford to live like that! I read a statistic today that the average American household is $15,263 in credit card debt alone. Holy Moses people, we’ve gotta get it together! If God’s blessed you with enough but you’re being financially irresponsible, you can’t keep crying for more!  When God entrusts you with His money and you’re irresponsible, what makes you think he’d entrust you with more?

SO you’re probably like OK Dorothy, thanks for those three tips but they don’t change alot so how do I get out of my situation? How do I create financial freedom? I can’t work more hours, my boss won’t give me a raise, I don’t have the education for a different position, I feel stuck. Well I just gave you three tips, but #4 is my favorite and most people don’t take advantage of it because they think it’s too much work, and they start making excuses (which we talked about yesterday) as to why it won’t work…blah blah blah…Remember this is truthbomb Thursday and I don’t sugar coat things.  If you want change, you create change and if changing your financial future is important to you, you will get over your excuses, otherwise you’ll continue to complain and stay in your rut…plain and simple.

Well grab your paper and grab your pen for tip Number 4 because this is the key to the castle.

CREATE RESIDUAL INCOME

What’s that you ask? It’s the ability to make money even when you’re not “working.”  Have you heard the term residual income before? Maybe you have and maybe you didn’t understand what it really meant. It’s truly the key to financial security. Residual income is what can happen after you put time, effort and sometimes money into a job/business to continue to get paid for the work months & years after it’s done. What you need to realize about your 9-5 is that it’s  linear income. Linear income is directly related to the number of hours you work. If you work 40 hours, you get paid for 40 hours of work. Once you go home, you’re not making income. BUT Once you set up your business to earn residual income, you continue to make money while doing other things –vacationing, sleeping, playing with your kiddos, whatever.

 

I want you to remember this fact, the average millionaire has 7 streams of income and 5 of them are residual.  So how many streams do you have of income? Just through your employer? Don’t feel bad if you do, that’s why we’re here today is to generate some ideas for you!  

 

  1. Affiliate sales.  Do you love target, amazon, thrive market or practically any other company? Odds are that you could be an affiliate for them and make a % of the sales from people ordering through your link.  If people are always asking you where you shop or where you found xyz, why not get paid for making the referral?
  2. What do you have a good knowledge base in or people ask you about frequently? Write an ebook that you can passively sell on sites like Esty or on your blog!
  3. Are you creative? Use sites like Zazzle and Cafepress to create anything for t-shirts to mugs and stationary for people to purchase.
  4. If that E-book does well, take your knowledge base and create a mini course online for people to buy and go through on their own.

So those were a few smaller ideas, but moving up the latter lets look at few of the big guns that will require an investment but pay out!!

  1. If you’re able invest in real estate and have rental properties.
  2. Create and manufacture your own product and sell it
  3. Franchising! This may be the most pricey option but perhaps going in with your family would help cushion that.
  4. And lastly my favorite and you might be surprised by, Network Marketing. Network marketing is great because the price point is usually pretty low for starting a business and if you find a company where the timing is right to join (not a company that’s already super saturated) and they’re positioned to excel with growth in the next few years and the products you can 100% stand behind and the price point is right for your market you can make substantial residual income.  NWM may get a bad wrap sometimes but it’s been around for decades and isn’t going anywhere anytime soon and IF (that’s the key word) if you get out of your own way, choose the right company and team to join, cut the excuses and don’t care what others think that aren’t paying your bills, and you can be teachable and apply your training in the RIGHT way and be a professional (trust me I see plenty doing this the WRONG way), you’ll go far!

 

So I hope that these tips were helpful to you today!  I know that so many of you watching want to create a future that you can look forward to, I know that you want to create a lasting legacy for your family, you want to be present for your family, you want to call the shots on your life, your time and your earning potential.  I just handed you the key to the castle so now it’s your turn to do the work. If you need more help reach out to me!

 

I want you to remember something, most people think it’s crazy to work your side biz 2-5 years with consistent hustle to become financially secure, but isn’t it more crazy to work 40 years and stay broke?

 

I hope this message blessed you today!  I hope you’ll make the changes that you need to make!  If you want more info like this, comment below!  I recently hosted a LIVE webinar about Why I’m changing my BIG vision, why belief in myself has become my number one priority and my clear cut strategy for success and how you can do the same in your life! If you’d like access to it make sure to comment as well and I will send it your way so you have the tools to start your own life transformation. 

See ya next time!

Dorothy