“We’re subconsciously blocking ourselves from the life that we desire because of what we see in our financial statements.” - Vanessa Bowen If lifelong financial freedom sounds good to you, then trust me… you want to hit play! My guest Vanessa Bowen is a CPA, holistic money coach, and Master Neuro-Linguistic Programming Practitioner who empowers women to live life on their own financial terms and get REAL about their money, honey — and that’s exactly what we’re doing in this episode of The Juicy CEO Podcast! (Don’t worry, you can DEFINITELY keep Starbucks in the budget.) In this conversation, we are going deep into the mindset shifts you need to master in order to unblock your abundance and stop downsizing your dreams. You’re also going to learn about the mindset blocks that are keeping you from living your worth — how they’re formed, how they affect you, and how to kick them to the curb! In this episode of The Juicy CEO podcast, you’ll discover: The top money mindset roadblocks that Vanessa sees in her clients — and the major shifts you’ve gotta make! When to save, when to spend, and the important differences between profit, revenue, and cash flow How to raise your kids to have healthier relationships with money About Vanessa Bowen: Vanessa Bowen is a Chartered Professional Accountant and Master Neuro-Linguistic Programming Practitioner. She is the founder of Mintworthy Co Inc., a personal finance coaching platform that helps women shift their relationship with money and take control of their finances. Highlights: 01:44 Intro 03:05 Meet Vanessa Bowen 04:10 Top money mindset roadblocks 06:20 Mindset shifts 08:35 Vanessa’s process 09:50 Past & future 10:54 Raising kids 15:11 Saving & spending 16:38 Mo’Mentum 20:20 Biggest money mistakes 22:26 Tax & contingency funds 24:19 When to hire 25:16 Managing your personal finances 29:06 Money mindset rituals 32:02 “Wealth is your birthright” Links To Visit: Vanessa Bowen https://www.mintworthy.co Instagram: @mintworthyco Join us in Miami and bust your personal brand into the next stratosphere! http://bit.ly/momentumretreat Make sure you’re subscribed to The Juicy CEO Podcast and leave a rating and review! To win some Juicy CEO Swag, take a screenshot, tag me on Instagram @moniquebryan_co, and use the hashtag #TheJuicyCEO on social media. Stay Connected: Instagram: @moniquebryan_co Facebook: https://www.facebook.com/groups/JuicyBrandSquad
“We’re subconsciously blocking ourselves from the life that we desire because of what we see in our financial statements.”
- Vanessa Bowen
If lifelong financial freedom sounds good to you, then trust me… you want to hit play! My guest Vanessa Bowen is a CPA, holistic money coach, and Master Neuro-Linguistic Programming Practitioner who empowers women to live life on their own financial terms and get REAL about their money, honey — and that’s exactly what we’re doing in this episode of The Juicy CEO Podcast!
(Don’t worry, you can DEFINITELY keep Starbucks in the budget.)
In this conversation, we are going deep into the mindset shifts you need to master in order to unblock your abundance and stop downsizing your dreams. You’re also going to learn about the mindset blocks that are keeping you from living your worth — how they’re formed, how they affect you, and how to kick them to the curb!
In this episode of The Juicy CEO podcast, you’ll discover:
About Vanessa Bowen: Vanessa Bowen is a Chartered Professional Accountant and Master Neuro-Linguistic Programming Practitioner. She is the founder of Mintworthy Co Inc., a personal finance coaching platform that helps women shift their relationship with money and take control of their finances.
Highlights:
01:44 Intro
03:05 Meet Vanessa Bowen
04:10 Top money mindset roadblocks
06:20 Mindset shifts
08:35 Vanessa’s process
09:50 Past & future
10:54 Raising kids
15:11 Saving & spending
16:38 Mo’Mentum
20:20 Biggest money mistakes
22:26 Tax & contingency funds
24:19 When to hire
25:16 Managing your personal finances
29:06 Money mindset rituals
32:02 “Wealth is your birthright”
Links To Visit:
Vanessa Bowen
Instagram: @mintworthyco
Join us in Miami and bust your personal brand into the next stratosphere!
Make sure you’re subscribed to The Juicy CEO Podcast and leave a rating and review! To win some Juicy CEO Swag, take a screenshot, tag me on Instagram @moniquebryan_co, and use the hashtag #TheJuicyCEO on social media.
Want my 5 key secrets to building your personal brand?
Head to moniquebryan.com to get your free guide now!
Stay Connected:
Instagram: @moniquebryan_co
Facebook:
https://www.facebook.com/groups/JuicyBrandSquad
[00:00:00] audio_only_16787458_Vanessa_B._@mint: that is the thing people miss you have to have these little pockets in order to effectively manage your business finances and manage the cash flow. So one of the biggest things I see for a lot of my clients, they got beautiful, multiple six figure businesses, but they're not setting aside the cash for taxes.
[00:00:15] and also, , I like to have this just a personal favorite for me, but I like to create a business contingency.
[00:00:20] So every Month, based on the net income of the business, I'll take 10% of that and I'll put it into the contingency fund. And I just use that for like, if I want to reinvest in the business, if I need to hire someone new, like I just have this pot.
[00:00:34] So that's. I'm not pulling out of the operating cashflow. I've got this contingency to do whatever I want with the business. because you never know how your business is going to move and you never know where you're going to need cash for.
[00:00:45] So I just like having that stash whatever I need it for. Hello, my lovelies today, we going to talk about your money on a one of my favorite subjects, although I will admit it was. Always one of my favorite subjects, but today I have the queen of finance in the building.
[00:02:00] audio_only_16778242_Monique_Bryan_- (11): Who's going to be dropping all that Jews on living abundantly, and giving us some practical tips on how to get our money. Right. Because as she says, wealth is, are. Right. I want to introduce you to Vanessa Bowen, who is a chartered professional accountant and master neuro-linguistic programming practitioner and the founder of mint or the co Inc a personal finance coaching platform that helps women shift their relationship with money and take control of their finances.
[00:02:30] After a decade in corporate finance and public accounting. Working with international businesses across north America, Vanessa decided to pursue her passion for personal finance, shifting your focus to empowering women, to live life on their own financial terms with her holistic coaching strategies, Vanessa equips women with the tools and methods needed to break bad money habits.
[00:02:53] Cause girls, I know you all have them create new mindsets. And blaze a path to life long financial freedom. Welcome Vanessa
[00:03:04] audio_only_16787458_Vanessa_B._@mint: Thank you for having me. My love. I'm so excited to be here.
[00:03:08] audio_only_16778242_Monique_Bryan_- (11): too. I love your website. I love your juicy colors and we were just talking offline. I love her hair. Okay. You guys need you to at school, look it up. I'm just like obsessed with it. And she's like migrant have it. I was like, girl, you need to go shave that off so I can make some ways. And when you can have a beautiful curly fro Hawk that she always wanted.
[00:03:26] I'm just
[00:03:27] audio_only_16787458_Vanessa_B._@mint: can have a boot whenever you're ready. Just let me know. Snip, snip.
[00:03:30] audio_only_16778242_Monique_Bryan_- (11): Stephanie steps. I love that you have these two pieces of trading this like practical training from the accountant side, and then the NLP side, which I didn't know about until I read your bio. And I was like, Ooh, because the mindset shift piece, like that is the name of the game. We can always go and make more money.
[00:03:50] But if we got, if our mind ain't right, I feel like we're doomed. Would you agree with that?
[00:03:55] audio_only_16787458_Vanessa_B._@mint: hundred percent. And that's the thing. When it comes to like our financial world, we hardly talk about the mindset. We hardly talk about your relationship with money. That's where the change comes first. It's not in, you know, how you manage, it's how you see money and how you relate to that.
[00:04:10] audio_only_16778242_Monique_Bryan_- (11): And what are some of the like key things you're seeing as like the number one roadblocks with people in their money mindset.
[00:04:17] audio_only_16787458_Vanessa_B._@mint: Yeah. The biggest thing, especially because all my clients are women, they deny themselves their worth. And I see it in like all different shapes and sizes, but the biggest trend I've seen, I see in the last couple of months in working with this new group of women in the program, they're denying themselves their worth on their journey to.
[00:04:35] So they'll say to themselves so until I make a certain money amount of money, then I'll do this until my business is a certain level. Then I'll do this until my kids are a certain age and then I'll do this. And so they're denying themselves actually living in their worth on their journey to their dreams.
[00:04:52] And that's just you living in scarcity. That's not you living in abundance. So one of my clients in particular, she even said like, because she's in debt, She doesn't want to enter a relationship until she pays off that debt because she doesn't want her new partner to see how much debt she's in. So you're denying yourself of what you truly desire because of what your bank account looks like or because of how much debt you're in.
[00:05:15] And I think that's the biggest thing I'm seeing is we're subconsciously blocking ourselves from the life that we desire because of what we see in our financial statements or, or a bank account.
[00:05:26] audio_only_16778242_Monique_Bryan_- (11): Oh, my gosh. That is so it's almost like I'm, I'm shocked, but I'm not shocked because I think back to when you know, when I first met my husband now, I was so embarrassed about my debt. I hit it for a long time until it was necessary to discuss it. Right. Even up until, until we actually had, till we had to really, till we got engaged, like eight years later, I was like, oh, we should talk about some serious things because we're going to be merging our lives.
[00:05:54] We should probably talk about this. So what was interesting is I didn't talk about my finances, so I never asked him about his because I didn't want to know. I didn't want him asking me about mine. Right. And it's like, you can't enter into like, a union, a partnership without these conversations that I remember like sweating and be like, oh my God, he's going to think like outside, when he looks like she has it together, but she's like this, the worst person when it comes, because our money isn't in isn't in alignment.
[00:06:19] So like what kind of things do you like, what do you tell them? How do you get? Because I think it's, it's valid, right? Like you're scared. And you don't want to do things. You want to go further into debt. So like what kind of like shifts do you give me some shifts? Give them, give them the shit them, the shifts so they can live in their words.
[00:06:36] audio_only_16787458_Vanessa_B._@mint: Well, I think the first thing is starts if you know, you're worthy right now. And I think that's the hardest thing for us to comprehend. We allow our self-worth to be dictated by our net worth. And it's like, it doesn't matter what your bank account is, that it doesn't matter what your business is at. Like you're worthy, right where you are.
[00:06:53] And I think that's the biggest shift in our mindset is like seeing our worth because how we feel, how we look at ourselves in our mirror, it's our self identity. And if you already identify and see yourself as someone who's not worried. It doesn't matter like what you do or what you try to do. You have to see yourself as worthy to begin with.
[00:07:13] And a lot of that is really the inner work it's literally digging to say, okay, what's causing me to not feel worthy. Some of the times it's past financial mistakes, it's past relationship mistakes. Like all of that is like coming together. To create the image that we see in ourselves. And it's like, no, like those are just experiences you had in the past.
[00:07:35] They don't define you. Like you get to define you and you get to set into your worth no matter what things look like outside of you.
[00:07:42] audio_only_16778242_Monique_Bryan_- (11): And it's interesting that we talk about like your past experiences, your past mistakes, because I know for myself, like I held on that, I held onto that for a long time. Right? Like even after you start a business and then you want to start, like, maybe that doesn't work out and you want to start a new business.
[00:07:57] You know, what was following me back in the day was just like, well, it didn't work last time. What makes you think it's going to work this. You weren't good with your money. Last time you spent it on all these different things and it, you weren't, we're focused on the right things. Right. But what I found pushed me past that was more of, well, I'm not willing to go and work at a regular job.
[00:08:18] So when it was kind of like, you ha you don't really have a choice, you better go download, figure it out because you're the worst employee. So right now you better go make your business workout. So I recruited help. Right? So that's like what people come to you for, right. Cause you're a coach and you do the financial management.
[00:08:34] So, I'd love it. If you shared a little bit about like how. Like maybe the process, a little bit of like how you work, how you do the practical and you do the mindset piece. Do, do you do them together?
[00:08:44] audio_only_16787458_Vanessa_B._@mint: I do, but my number one rule is mindset. So we don't even go to the practical until we shifted the mindset, because my belief is like, I can create a sexy financial plan for you, but if you have those same limiting beliefs, like you said, you're still living in your past mistakes. You're not going to be able to connect to that plan and follow that plan.
[00:09:03] So always in my process is mindset first and it starts with literally on earthing their blocks. and going back, like, what are your childhood stories about. How were your parents with money? Because a lot of our deepest blocks were created when we were kids like in our childhood, because. When we were born, money was nothing, right.
[00:09:24] We were a clean slate. We didn't know what money was. So we learned from what we saw, what we heard. If we heard our parents say, I can't afford this. Or if we heard a parent say, you have to have two, three jobs. Like all of the things that were ingrained in us in childhood are creating our adulthood money stories.
[00:09:41] So a lot of the work is really unearthing that childhood story and then getting my clients to then create their new story. And going back to what you were saying about, you know, we allow our past to dictate our future. A lot of the mindset shift is getting your mind to focus on where you want to go and less on where you've been, because the more you focus on the future, the more your mind and your subconscious is going to gravitate towards that.
[00:10:05] You're going to move towards that then where you focus on the past, you're just going to literally attract the same things that have kept you in that same spot. So yeah, always mindset first. And then we move on to actually building their financial plan out of this new identity, this new financial identity that they've now embodied.
[00:10:22] audio_only_16778242_Monique_Bryan_- (11): I love how you talk about how we can blame our parents right now, because I know that's where all my money, my block, like all my roadblocks come from that place. I can remember everything. My parents have said growing up around money. Around capitalism around having to money, much money as bad. And then the people who have money are bad and it was always like, well, if you make too much money, you're going to be one of the bad people.
[00:10:42] And then it was like, well, you've got to struggle and nothing, you know, like it was just, I just, I could write them all down and write a book of it and be like, I know it's not their fault because they got it from their parents. And it's just like, this trickle-down effect. But. For some of the women who are listening because like a lot of women who listen to have our had children, like what's, I want you to like, just talk to them right now and tell them how they can, they break the cycle because it, it stays with us to where like 40 years old,
[00:11:07] audio_only_16787458_Vanessa_B._@mint: So true. Right. And you're right. It's just this ripple effect. So that's a great point because you're right. If someone has kids, they could be potentially just putting that story
[00:11:18] onto their.
[00:11:19] audio_only_16778242_Monique_Bryan_- (11): knowing, not
[00:11:20] audio_only_16787458_Vanessa_B._@mint: knowing. Yeah. So first step for me is like, you have to identify, you have to do the work on yourself first, before you can shift to change how you're interacting with your kids.
[00:11:31] So just those simple questions of like, how were my parents with money and what money traits from my parents, if I and then just looking at the life that you want to create financially, and what mindset patterns do you have that don't align with that? And then you can catch yourself whether it's things that you're seeing around the house.
[00:11:50] one of my clients, she even shared a story where her mom would take her sister and her out to go shopping. And whenever they came home, the mom will be like, okay, I'm going to go distract your dad. You go upstairs and run and hide the gifts.
[00:12:04] audio_only_16778242_Monique_Bryan_- (11): Mine too. I'm still hiding my husband. Doesn't listen to my podcast. I still hide stuff.
[00:12:09] audio_only_16787458_Vanessa_B._@mint: Exactly. So something as simple as that creates is this reality for us that like we have to hide, we have to have shame in what we purchase. Like we can't just purchase what we want. It's too much money. So even these small little things that our kids are experiencing are literally creating their identity around money.
[00:12:30] So it's not just what you say. If you're saying things like we can't afford, or we have to struggle. Obviously, that's going to be hard ingrained in their mind, but it's also what you do, how you're interacting with them because they see everything. Even if you're just going through the bills and your head's down and you're like looking not too happy,
[00:12:47] audio_only_16778242_Monique_Bryan_- (11): Or you're ripping them up and throwing them away or avoiding opening them all together.
[00:12:51] audio_only_16787458_Vanessa_B._@mint: your kids pick up on all of that. So it's so true. You have to watch. And you, you have to watch your behavior, but at the same time, I think what's missing as well. And I know in my childhood, we didn't talk about money and I think that's the biggest thing as well is you have to talk to your kids about money and I always recommend like, bring them into the family.
[00:13:11] Finances. You don't have to show them how much debt you're in. If you just like, here's your monthly or weekly money date, and you explained to them, okay, this is what we spent on the mortgage, or this is what we spent on hydro. Like they can get a sense of what it means to be financially responsible through something as simple as that. And then my last tip, cause I really, really advocate for this. Get them their own bank account when you can, because that is going to teach them how to spend, why. And if they want, let's say they're old enough and they want a toy, then they know, oh, it's coming out of my account. It's not coming out of mommy and daddy's account.
[00:13:46] So it creates this complete shift and they learn how to spend intentionally.
[00:13:51] audio_only_16778242_Monique_Bryan_- (11): So like, do I really want to use my money for that thing? I mean, if it was mommy and daddy's money, then we can let that go by my own.
[00:13:57] I would like that. I like that a lot. And it just like, you're just like, all the things you're saying are the same things. Like I grew up with it. It was like, you don't need any money, you just focus on your schoolwork.
[00:14:06] And then I never learned how to manage it. Right. And it was never talked about in my house. And if it was, it was always in a negative way. So I always grew up with that. And I had to like, literally do all of this personal development and reshift my mind and like, listen to like Brian, Tracy and Jim Rowan.
[00:14:20] And let's like all of these like motivational speakers online and learn all these things. Money, rich dad, poor dad. Like all of these things totally shifted my mindset and my siblings mindset. And I was like, oh my gosh, what has been happening in my life this whole time? I love my parents and everything, but I'm also like resentful to the, like at the same time, because I was like, I feel like I got to start life later.
[00:14:45] Because of that, like, cause I was reading your, your bio, like you're on your website. You talk about like when you came out of university you just didn't have like the financial, like, know how to do the things and you were just like drinking them Starbucks. And I was like, first of all, okay.
[00:14:59] I do want to go here though, because everybody all here knows Starbucks and Monique are friends and they bring me a lots of joy. Right. So I do want to talk about good debt versus bad debt. But you had talked about, you know, trading your condo for a basement apartment and cutting back and like having store-bought caffeine, which I have in espresso machine, I'm working on at, and within five years you saved over a hundred thousand dollars and bought your first investment property.
[00:15:23] And I was like, that is frickin amazing. But now I'm in this, like I'm in a middle spot and I know a lot of my clients are too, because you've got these two different train, trains of thought, you've got the save cutback. You'll make, your future will, will reward you. And this other side of that being like live your abundant life, you don't need to cut back.
[00:15:40] You need to make more, so learn how to run your business smarter and that you can have all the Starbucks you want. So please talk to us about these two lanes. Cause I feel like I dance somewhere in the middle. And I never want to feel guilty about have my Starbucks.
[00:15:52] audio_only_16787458_Vanessa_B._@mint: I know, and I add from the middle to girl, like if anyone takes away my Starbucks, I'm not going to be happy. So I totally agree with that. I think there's a balance between them though. And what I mean by that is if you're someone who's never managed your. Then you have to go on the side of creating a budget, creating a plan, because if you don't tell your money where to go, it's just going to go wherever it wants to go, wherever you want it to go in your emotional
[00:16:19] spending. Yeah, exactly. So there's a balance of, yes. You have to create a plan and make sure you're saving for the right things. Especially as entrepreneurs. One thing we don't save for right away is retirement. Like, are you getting, are you having the right pockets set up to save? But then also I think it's having the plan, but living out of the mindset of abundance.
[00:16:38] So with that, like, are you, like you said, doing the things to advance your business and then with that increased income. Don't just hoard all that income away, like live in it, live in the abundance of it. Treat yourself like do the Starbucks, do whatever you want. I think sometimes we think it's like one or the other, but I think you have to have the plan, have the mindset of abundance, build your abundance, but remember to live in it, it's not about building the abundance.
[00:17:05] And then I'm just going to hoard it away and build my savings. You're not like. So you have to have that balance.
[00:17:10] audio_only_16778242_Monique_Bryan_- (11): And I think like the plan part is critical and the, I think the accountability is the next one. Like, I feel like if you're not good with money and you know, it, no matter how many budgets you build, when each and everyone else listening, including all my clients. It's not gonna matter. Like the accountability piece is so key.
[00:17:26] So I have a financial person who looks at me. We look at my money every single Tuesday. I can't hide from it. I can't run from it. And it keeps me so accountable. I very careful how I spend my money now, because I'm going to have to justify it, even though it's my money to the finance, they'd be like, why did you need that thing?
[00:17:40] What, what is this? What is this? And they're like, so anti-fashion right. They're just like, what is Zara? What is, what, what I don't understand. You needed the coat from Zuora. You're not even going anywhere. So if I know I have to really want something to justify things that are not like, they're not business expenses.
[00:17:56] They're just like when he wants to have it, which holds me accountable. So what are some of the, like, as, when you're thinking about like women in their business, what are some of like the biggest mistakes you see them making with their finances right now?
[00:18:12] audio_only_16787458_Vanessa_B._@mint: Yeah. Great question. So it's, two-fold, I'd say. Mistakes on the business side of mistakes on the personal side. So on the business side, what I see a lot of my entrepreneurial clients is they don't have. I'll say that visibility. So like you said, looking at your finances every week, I'm like, yeah. Not everyone does that.
[00:18:32] A lot of my clients they might have like the bookkeeper set up and the bookkeeper's doing stuff and that's. But they're not looking at their PNL until tax time. And it's like, if you're running, no matter what your business is making, if your mindset is to build a profitable business, you have to be looking at your numbers.
[00:18:49] So I always say, have a monthly business money date at the least. I love how you're doing a weekly,
[00:18:56] audio_only_16778242_Monique_Bryan_- (11): I need that accountability by the end of the month, it's off the
[00:18:58] rails.
[00:19:00] audio_only_16787458_Vanessa_B._@mint: Exactly. So at the very least, if you can do weekly, please, please do monthly. I think that's the biggest thing, but the other part to it, you know, we build businesses and they're profitable, but there's also the cashflow impact.
[00:19:12] And a lot of business owners don't know how to manage the cashflow. Like there's two different pieces to the pie. You could be profitable, but you can be cashed four and that's not really like a legitimate. So one of the things I see my clients from that cash flow perspective, they're not setting things aside for like taxes for annual expenses for contingency.
[00:19:33] So one of my recommendations and I just do this personally, I like to have like three different business savings accounts.
[00:19:40] audio_only_16778242_Monique_Bryan_- (11): I have seven. So profit first, when I discovered this book, I was like, where have you been my whole life? It got a little convoluted because my brain doesn't like to talk like, does it like money after a while? But the fi like the setting up the bank accounts had literally saved my life.
[00:19:55] audio_only_16787458_Vanessa_B._@mint:
[00:19:55] No, but you're so right. And I think that is the thing people miss it's you have to have these little pockets in order to effectively manage your business finances and manage the cash flow. So one of the biggest things I see for a lot of my clients, they got beautiful, multiple six figure businesses, but they're not setting aside taxes like the cash for taxes.
[00:20:14] audio_only_16778242_Monique_Bryan_- (11): People will forget that one that was. And it's a hefty one of you in business at the end of the year. You think you just, and
[00:20:20] then the bill comes.
[00:20:21] audio_only_16787458_Vanessa_B._@mint: Oh,
[00:20:22] audio_only_16778242_Monique_Bryan_- (11): I had not, I did not plan for that extra grants
[00:20:25] audio_only_16787458_Vanessa_B._@mint: right.
[00:20:26] So like, yeah, things like that. And, and also, I like to have this just a personal favorite for me, but I like to create a business contingency.
[00:20:35] So every Month, based on the net income of the business, I'll take 10% of that and I'll put it into the contingency fund. And I just use that for like, if I want to reinvest in the business, if I need to hire someone new, like I just have this pot.
[00:20:50] So that's. I'm not pulling out of the operating cashflow. I've got this contingency to do whatever I want with the business. So I think for me personally, that's one of the ones I'd always recommend because you never know how your business is going to move and you never know where you're going to need cash for.
[00:21:05] So I just like having that stash whatever I need it for.
[00:21:08] audio_only_16778242_Monique_Bryan_- (11): I like this. I don't have a business contingency. One I have, when I say seven, I have ones for personal and I have ones for business because even in my personal I'm like, I need a travel one I need one for the car because some, all we happen with a stupid-ass car and I'm like, and then what do I have one for like, Like a close allowance because I know I'm going to do it.
[00:21:27] You know, it's like the things, you know, you're like, it's going to happen. I can't take away the things that when you really want. So if there's at least something going in there every month, I love that I can just go to it and be like, oh, you've got to, like now there's some of, it's a couple of hundreds of them.
[00:21:39] It's a couple of thousand, but I'm like, oh my gosh, I can go on vacation and not think about. Now I have to take it from somewhere. So the same thing with the business contingency, I really, really liked that. Because things come up all the frigging time. You want to do a campaign, you want a graphic designer for a month.
[00:21:53] You want someone to manage your social while you go away. Like all of these things come up and we don't think about it, especially the hiring one, because that's been coming up a lot lately for my clients. They're like, I don't they're there. They're in that. I will hire someone when meanwhile, if they have this constant contingency fund happening.
[00:22:12] There'll be in a much better place and they don't need to wait cause it's kind of like that hiring thing. It's like you hire when you have the money, but you actually need them now in order to
[00:22:20] audio_only_16787458_Vanessa_B._@mint: Yes. And I would say that, I think for me was one of the biggest mistakes I made my mentor always said hire before you're ready. And I was like no higher when
[00:22:29] higher, when,
[00:22:30] audio_only_16778242_Monique_Bryan_- (11): always,
[00:22:30] audio_only_16787458_Vanessa_B._@mint: so I totally agree with that. Definitely. You have to hire before you.
[00:22:35] audio_only_16778242_Monique_Bryan_- (11): You heard it here, guys, I don't need to do, I want you to look at your business, look at your business and the cashflow statement. She was talking about very important. Cause if we ain't got money flow in, we ain't a business. We're just going from, it's like check to check. It's like, you've got your job
[00:22:47] and
[00:22:48] audio_only_16787458_Vanessa_B._@mint: absolutely. Right.
[00:22:49] audio_only_16778242_Monique_Bryan_- (11): right.
[00:22:49] You can make a million dollars in your business and you can spend a million dollars in your business and you still be at the same time.
[00:22:53] audio_only_16787458_Vanessa_B._@mint: Yeah.
[00:22:54] audio_only_16778242_Monique_Bryan_- (11): about it. So tips to managing now, I would like to talk about your personal finances, because I know as business owners, they tend to sometimes melt together and they should not.
[00:23:05] audio_only_16787458_Vanessa_B._@mint: no, they should not.
[00:23:07] Thank you for saying that
[00:23:08] audio_only_16778242_Monique_Bryan_- (11): I had to learn it. I learned my financial bruises. Like no, Monique, you cannot, no clothes are not inexpensive in Canada. You can't write that off though.
[00:23:18] audio_only_16787458_Vanessa_B._@mint: like, please, can I bow?
[00:23:20] audio_only_16778242_Monique_Bryan_- (11): I've been trying to grow.
[00:23:22] audio_only_16787458_Vanessa_B._@mint: I know it doesn't mean me
[00:23:23] audio_only_16778242_Monique_Bryan_- (11): The accountant is not playing around. He's like, is it a uniform? I'm like, it's a uniform.
[00:23:27] audio_only_16787458_Vanessa_B._@mint: Yes, exactly. Right.
[00:23:30] audio_only_16778242_Monique_Bryan_- (11): nice try. they can do it in the states though. They can't do it
[00:23:32] in Canada.
[00:23:33] audio_only_16787458_Vanessa_B._@mint: it's
[00:23:33] audio_only_16778242_Monique_Bryan_- (11): Anyways. I digress personal finance to talk to me.
[00:23:36] audio_only_16787458_Vanessa_B._@mint: Yeah. Yeah. So great, great point. Personal. So you touched on going back to the accounts and vacation and I'll say annual expenses. That's one of the things I think people miss, I am an advocate for having multiple accounts. So like we were saying like how you have definitely have your multiple counts on your personal side.
[00:23:54] Definitely have a one for vacation. Cause like you said, like we're going to go away. Like it's, you're going to go away, please. You are don't pretend like you're not, but do you have the money for it? And then another account that I like to have is what I call annual expenses. And those are things like the car maintenance, but also include things like gifts, like Christmas gifts, birthday gifts,
[00:24:14] because we have to spend, right, like you're going to have to buy your loved one something, but do you have the money set aside?
[00:24:20] So gifts go into that account. And typically what we do is we'll look at how much we expect to spend in the year. And create a budget for those things in the year, and then just divide it by 12. And then every month that amongst is going into that account. So car maintenance gifts if you pay property taxes, not monthly, but maybe every three months or whatever, that is basically anything that you have to spend in the year.
[00:24:44] That's not a typical monthly expense. to have that in a separate.
[00:24:48] audio_only_16778242_Monique_Bryan_- (11): And your personal taxes. People forget that
[00:24:52] audio_only_16787458_Vanessa_B._@mint: The text is
[00:24:52] audio_only_16778242_Monique_Bryan_- (11): that's another account. You don't see that come in when they're letting the tax man Cubs. You're like, I owe you. You're supposed to give me money.
[00:24:59] audio_only_16787458_Vanessa_B._@mint: No.
[00:25:01] audio_only_16778242_Monique_Bryan_- (11): Ooh. And you know what I really like that's exciting is when you put the money aside for your personal or your business tax in these two separate accounts and you've put too much.
[00:25:10] So what ends up happening is you, you get the bill and you're like, please, please. I got this in the bank and it's separate account and it's less than what you put away. Now. You've got extra thousand.
[00:25:21] audio_only_16787458_Vanessa_B._@mint: Yes,
[00:25:23] audio_only_16778242_Monique_Bryan_- (11): And I'm just rain. Just make it a rain. That is a best, it's like free money. My
[00:25:30] audio_only_16787458_Vanessa_B._@mint: isn't it?
[00:25:31] audio_only_16778242_Monique_Bryan_- (11): it's your money. It's not free.
[00:25:32] audio_only_16787458_Vanessa_B._@mint: No, it feels free.
[00:25:34] audio_only_16778242_Monique_Bryan_- (11): It feels free. I'm not going to paying debt with that. I'm going and living it up with that.
[00:25:38] audio_only_16787458_Vanessa_B._@mint: Oh, my God. I love you. I lived in, had a call with my accountant two days ago, and then he told me how much I owed and I had that extra cash. I'm like, where are we going to spend
[00:25:47] audio_only_16778242_Monique_Bryan_- (11): Right. I'm so I'm waiting. I might, he's doing my taxes right now. I'm waiting. I was like the agency money. Is there the two business tax money is there I'm waiting his last year. He was nice and hefty the extra that was in there. I was like, yeah. When he's going on vacation. Oh, wow.
[00:26:03] audio_only_16787458_Vanessa_B._@mint: So true though,
[00:26:04] audio_only_16778242_Monique_Bryan_- (11): Oh my God.
[00:26:05] audio_only_16787458_Vanessa_B._@mint: are
[00:26:05] the things that make us excited.
[00:26:07] audio_only_16778242_Monique_Bryan_- (11): Yeah, well, this is the way to end. This is when you, I love it's it's that mindset shift, right? It's like when you've got these new habits and these new rituals, and it was, it was, it took training. It took like a good two years for me to get in that mindset that I'm actually excited that there's money in these accounts to do these things with and in the beginning, no, it was hard.
[00:26:26] I didn't want to, I was like, I don't understand what this extra little 200 is going every month. The cars. I don't understand if, if something goes down, we'll just buy another one. It's fine. Meanwhile, little things come up and it eats away at your profits. Right? So get those ads, get the accounts, guys, get the accounts.
[00:26:42] Okay. You heard it here twice, three times over. So before we let we, before we let you go, I'd love if you share. Any simple money mindset rituals, because we know it starts with a mindset you've given some great practical tools by guys. If you stink and thinking ain't nothing going to happen. It's just like when we talk about building your brand, if you don't have that mindset that you're going to be coming out here and in here for the long haul, just, just quit.
[00:27:03] Just quit. Now, don't start this don't waste your time. So what are some of the money mindset rituals that you could share with the peeps little ones that they really want? The good ones I'll have to work with you, but you know,
[00:27:14] audio_only_16787458_Vanessa_B._@mint: yeah, so I'll say one of my favorites is I call it the three M's to a money morning
[00:27:20] because I truly believe how you start your morning, how you start your day. You start your day of the right minds. You're going to have a beautiful day. So for me, those three M's, and this is why I teach my clients. It starts with your manifesto.
[00:27:32] So that is like that money manifested that guiding principle for your life, your vision for your life. So you do that. The second one is a money meditation, and this could look, however you want it to look. I like to see money like flowing to me and just like coming to me, like bathing me, like, hell. Just, yes. So whatever money meditation works for you. And then the third one is your mantras. I'm very big on mantras because that is truly how you just have this, this time to rewire your subconscious. But you have to write your mantra in a way that speaks to your subconscious mind. I think that's sometimes. The loophole when people create their mantras, they're not, they're not writing it in a way that's actually reprogramming your subconscious.
[00:28:16] So make sure you're writing your mantra in a way that actually speaks to your subconscious, but I always love to write mine. So I write my in 10 times every day and it will change typically every month or so I'll play with a new one, but I at least want to write one every day, 10 times.
[00:28:32] So mine right now is well, okay. I'm up between two, but my current one is I'm receiving all the money in the abundance that the universe has for me now.
[00:28:40] Yeah. Those are some I was thinking for your morning. Definitely start with that. But one of the.
[00:28:45] Fun mindset trick is to sample your dreams and going back to what we were saying, when we started of how we deny ourselves on the journey to our dreams, you don't have to wait until you have the money. If your dream is to. always eat at certain restaurants or always shop at a certain store or always fly first class.
[00:29:06] You could do that now, your next trip, just save a little more fly first class, you know, save a little more and go by, you know, Designer bag or whatever you want. Like you don't have to wait until, and I think that's the thing that we do. We stop ourselves and you can have these indulgences on the way.
[00:29:24] It's not like you're going to spend this all the time, but once in a while, absolutely you should, because you're going to feel abundant. You're going to feel worthy and that's going to shift your vibration for you to attract more money and then live more in that worth.
[00:29:38] audio_only_16778242_Monique_Bryan_- (11): Sample your dream sample that a button. Yeah, I love it. Okay. So there's something I wanted to read that you wrote that I felt. People can go and listen to and take with them before we leave here. Okay. So this is something juicy queen said, her name is Vanessa right here.
[00:29:57] audio_only_16787458_Vanessa_B._@mint: Scared.
[00:29:58] audio_only_16778242_Monique_Bryan_- (11): wealth is your birthright.
[00:30:00] You are to. Those bold, audacious dreams. You are meant to provide your family with a life greater than you. Imagine you have full permission to create a life. You love experience all the desires of your heart and have all the money necessary to do so. And let me say this. That's not selfish. It's you doing what most people fail to do in their lifetime?
[00:30:25] Live their best life. I right. Yeah. When I read it, I was like that. That is what I want people to remember when they leave here. So, Vanessa, I want to thank you so much for being here for sharing all of your juice. Please tell everybody where's the best place to connect with you online.
[00:30:46] audio_only_16787458_Vanessa_B._@mint: definitely Instagram at MIT where the code is, where you'll find.
[00:30:50] audio_only_16778242_Monique_Bryan_- (11): Amazing. And we're going to link to your social. We're going to link to your unblock abundance program, your website, all of that. So guys stinking thinking is not going to get you where you want to be. And you just saying it's so ankle and get you there either. You got to mix the mindset and the practical, and if you missed it, go back to the beginning, get your notebook and write it down.
[00:31:11] Thank you, Vanessa.
[00:31:13] audio_only_16787458_Vanessa_B._@mint: Thank you, Monique. Thank you so much for having me.