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Make Money While Having Fun – Playing Offense With Your Money – Ep. 03
If only I could make more money… Do you find yourself saying that? In today’s episode, we talk all things offense with your money = making money. The types of income that are out there and what they ACTUALLY mean. How to set income goals that you will achieve and more!
The best way to create unstoppable finances is to play a well-rounded financial game, in this episode we tackle the second pillar… Making income! Plus the simple thing I used to increase my income by 38% in 18 months. Let’s do this!
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Podcast Key Points
0:00 – Episode Sponsorship
1:01 – Let’s Talk Making Money
2:31 – Playing Offense With Your Money
3:10 – If You Just Need To Make More Money
5:24 – Best Investment You Can Make
6:54 – 2 Types of Income
8:32 – What is Financial Freedom
10:05 – Setting Income Goals
11:29 – Money Mindset – How is it Connected?
Grab the Money Mindset Mastery Checklist – Create an unshakable money mindset with 10 simple steps!
Links & Resources:
Meal Planning Made Easy – https://aimeecerka.com/meal
Instagram – https://instagram.com/aimeecerka
Work With Aimee – https://workwithaimee.com
Read It! Make Money While Having Fun – Playing Offense With Your Money
Note: This transcription is provided utilizing an AI tool called Otter. Please forgive any typos or inaccurate transcription.
00:00
This episode of the Your Money Your Life podcast is brought to you by meal planning made easy. Meal Planning Made Easy is a mini-course designed to help you save money in the kitchen while still enjoying food that you love. Inside meal planning Made Easy, we’ll create a customized system to help you automate meal planning. Eliminate forgetting an important ingredient for dinner that you needed, or losing something to the back of the pantry or freezer until it’s way expired, giving you a strategy for what to do when you forget to pull the meat out of the freezer, because it happens to all of us. And after you go to the grocery store and buy all that amazing food and still end up going out to eat because you’re just exhausted.
You’re on a strategy for that to meal planning Made Easy will be released on Black Friday this year. If you want to be the first to know about this no brainer offer, then simply text Meal to 817-969-4653. And as always, the links going to be hanging out in the show notes as well if you missed it.
Let’s talk money. How much more income would you like to be making? In this episode, we’re talking all about orphans. Making money in all forms, what they mean for your financial freedom, and setting your income goals. So let’s do this
01:29
Welcome to the Your Money, Your life podcast. I’m your host, Aimee Cerka. After my husband and I faced three major financial roadblocks in the last six years, I felt like I wasn’t doing all that I could and I had let my family down. It always felt like life was a struggle, like I had to work harder than everyone else. It just came easy to them. And I didn’t feel worthy of success, until a coach helped me see the successes in our experiences instead of our failures. This allowed me to create and implement systems to grow our network by 200,000. Plus, while spending time with my loved ones and on my priorities. Now I help motivated women create the happiness, family life, financial security, and long term wealth they deserve. If you’re ready to eliminate stress, struggle, frustration and guilt within your finances, you’re in the right place. Welcome. I’m so glad you’re here
02:31
All right, welcome back to another episode of the Your Money Your Life Podcast, episode three, we’re talking how to play offense with your money, which is basically making money and all forms like all the income that you’re making. So this includes money that you’re receiving from your job, this can be money that you’re receiving from investments. This is money from your business, whether you have a like a side hustle type business or your full time business, all those types of income, they’re all counted when it comes towards your when it comes to your offense of what as well.
So if I had a penny for every time somebody said, like if I could just make an extra $10,000 A year or whatever it is. So if you’re making $60,000 a year, and you’re saying, If I could just make an extra $70,000 a year, then like we’d be set we’d be great, right? And the problem with that is it’s simply not true. Take, for example, lottery winners.
Let’s say you win the lottery tomorrow, statistically, as found that when you win the lottery, within five years, you’re back in the same situation you were before you won the lottery, or worse. Now, you’ve gotten all this money.
Why the heck is that? Right? The problem is, is your habits haven’t changed around money, the way that you think around money, your money mindset, which we’re going to be talking all about next episode. But the way that you approach money hasn’t changed. So if the same money habits that you’ve had, they’ve gotten you to this point, and you have the sudden influx of cash, which when you have more income, the banks are going to loan you more.
So you can dig yourself into a bigger hole. Within five years, the same habits and actions you’ve taken when it comes to money, have put you back in the same situation you’re in. So if you’re thinking if I could just make more money if more money is the solution.
It’s not necessarily the solution. Now there are some times that were like yeah, okay, I just need to make more money. But even with in that you can still be making progress with the money you have now. So if you’re gaining momentum and making forward progress with the income that you have, now, as you increase your income, you’re going to do that much better. And that’s kind of like the whole To the point behind, we have to realize that yes, it is important to make money. But making more income by itself is not the only key.
That’s why there’s three parts to your financial wellness. Really, we talked about defense last episode with making the most of the money you already have. So now we’re talking offense, like how do you make your income.
So there are another there is one other way that you make income that’s not well, it’s another type of investment that you make, that is not income. And it’s the single best investment that you’re ever going to make.
Do you know what it is? It’s an investment in yourself. If you continually to work to build yourself into the person that can thrive in any economy, then you’re going to be set. And what this means is working on your soft skills, your leadership, your conflict, for conflict resolution, your sales skills, who you are as a person, you’re going to make more money.
I definitely did I got a 38% raise in 18 months, within my base income from doing just this. And I really didn’t know what the heck I was doing.
Aimee Cerka
I mean, I was like, 19-20 at the time, I mean, I knew what I was doing, but I didn’t realize the impact of what I was working on. So if you’re struggling, wondering how can you increase your income, if you’re feeling stuck, that’s what you need to be working on.
We need to work on continuing improving your education, your skills, what you know, from the neck up, and you know what, listening to this podcast, or watching this podcast, if you’re on YouTube, then that’s part of this, you’re working on improving those skills. So you’re already doing this. Congratulations, you’re already you’re already like making forward progress. Yeah, you. Um, so let’s talk about the different types of income because there’s two main types of income, all the different income categories that we listed there boiled down into two different types of income. And there’s some misconceptions out there about what’s the difference between these two.
I think it’s important that we address them. This is active income versus passive income. So active income is income you’ve earned from your Job, Business or side hustle that requires your time in return for income produced. So a lot of people will think if they have built an or marketing company, or something, for with good, which there’s nothing wrong with that that is perfectly is a great way to make income.
But if you can walk away from your team, and you’ve built your team in a way that they’re going to continue to produce, and six months later, you’re still making the same income or more in any income situation as well. If you can walk away for six months, and when you come back, you’re still making the same amount of income or more, that is a passive income stream, it wouldn’t, then it’s an active income stream, which there’s nothing wrong with that my business is an active income stream for me. And I think it’s important that we have those things that we’re passionate about, that we’re that we feel fulfilled, and that we’re contributing and growing and doing.
There’s nothing wrong with that. But we need to have open eyes on what type of income this is. So then passive income is income earned from a job business or side hustle that does not require your time regularly, in return for income produced, which leads us to defining financial freedom, there’s a lot, there’s a whole fire movement out there. Financial freedom is designed define as your passive income monthly exceeds your current monthly expenses. So when you get to a point that you have more passive income, than you do monthly expenses, that’s technically financial freedom. Now, there’s a lot of us who throw myself in there, but there’s a lot of people who feel that they’ve achieved financial freedom, but they still have active income involved.
There’s nothing wrong with that you have way more defined that as financial security, but you’re still able to do what you want. And that’s creating a lifestyle, not necessarily the financial freedom, there’s a little bit of a difference there. Do you hear it like knowing and understanding that active income versus packet passive income, and what truly passive income is? And again, like we should have both. So where does your income come from currently? Is it passive? Is it active? Is it both? I know that we have passive income from investments.
Now most of our investments are set up that they’re occurring work and we’re not receiving dividends from them. At this time of the recording, that can change in the future, of course, but that’s just us again, finances is not a cookie cutter system. So whatever works for you, is perfectly fine. We just need to know what we actually have going on. So now that you know where you’re at with your income, let’s talk about your goal. Like your current income goal. Now, if you’re feeling brave, you can always like, share it with me. But
10:16
the kind of standard when we hear is like, I want to make six figures or I want to be wealthy,
I want to be rich, like, what does that look like?
What does that mean?
We have to be able to define the goal, to know how to get there.
So even if you’re saying like, I want to make six figures.
Okay, so where are you at now?
And where you want to go, if that six figures like, what’s the difference?
What is it going to take?
To get there?
Do you know what action you have to do? Like how to get to that point? And is that going to fulfill what you’re looking for? Hopefully, you’ve created a vision of when you’ve succeeded, like, this is what you want life to look like? What time are you getting up in the morning? How are you spending your day?
Are you working part time? Are you working full time?
Are your kids playing in the other room like mine are? Like, what? What does this look like? And if you can create that vision and know what this looks like, and you know what you need to get there, and you know where you’re at, now, you can create that plan. But if you don’t know where you’re going, like getting in the car, and taking action doesn’t really do us any good. Because we have to know like where we’re actually going.
I just finished recording the money mindset makeover blueprint. It’s a brand new money mindset course, that actually was recording for a different company. They contracted me out to record it. But I think we’re gonna make it available for you too. But we talked about that, in that talk there inside the Blueprint about like, you have to know your destination, like where are you actually going, you have to know like, what you need to pack we have to like, get going, we have to get on the road there.
And then we have to build a course correct, because we’re not going to be on track majority of the time. But if you know where you’re going, like that’s the first step. So where are you going? What is your income goal? And what are you do you know what that looks like? How to actually create that? So we’ll leave it at that. I think that’s all I’ve got for today. So I’d love to hear share with me on Instagram if you know where you’re going with your goal and how to actually get there and what your biggest takeaway is from today’s episode episode, and we’ll see it next time on the Your Money Your Life podcast. Bye for now
12:53
Thank you so much for listening to the Your Money Your Life podcast. My favorite place to hang out is on Instagram. You can find me at Aimee Cerka send me a message or post a screenshot and tag me I love hearing from podcast listeners
13:17
When you’re ready to master your money, go to workwithaimee.com You and I will work together to ditch financial stress and struggle for good with a customized plan that works for you. Your goals your priorities your life. I’ll see you next time on the Your Money Your Life podcast.
13:42
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