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Do you just need to make more money? Then you’d be set. Your problems are solved, right? Not exactly… In this episode we’re going to unpack what you should do if you just need to make more money so let’s do this!
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Resources
Budgeting Simplified – https://aimeecerka.com/budget
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Podcast Key Points
0:00 – Episode Overview
1:57 – Episode Sponsorship – Budgeting Simplified
4:04 – Making $500 More
5:19 – Systems to Scale
6:54 – Well Rounded Game For Unstoppable Finances
8:29 – Plan to Increase Your Income
9:24 – Doing The Right Things
10:39 – Challenge
Frustrated that you aren’t making the progress that you should within your finances? Create an unshakable money mindset with the Money Mindset Mastery Checklist
Money Check – When You Just Need To Make More Money – Ep. 25 Your Money Your Life Podcast
Money Check – When You Just Need To Make More Money
Are you out there saying, “Okay, this is all great, I’ve got my budget, we’ve done things I’m saving, all the things, I just need to make more money”?
Sometimes, that is the case, yes. But often, what we find, that’s not really the true solution. For today’s money check, let’s talk about what we’re actually doing, if we’re doing the things that we need to and if you need to make more money, or if there’s a different solution. It’s better for you financially. So, let’s do this!
Introduction
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+ 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!
Financial Literacy Month Spotlight: Budgeting Simplified
Did you know that April is Financial Literacy Month? That’s why this episode of the Your Money Your Life podcast is brought to you by Budgeting Simplified.
Do you struggle with stress and overwhelm with budgeting? Or do you get frustrated that you spend so much time on your budget, yet at the end of the month, you’re not actually getting ahead? You’re not alone. This is actually super common, and I’m here to help.
Inside Budgeting Simplified, I will show you how to budget successfully in a simple manner that sets you up to create prosperity, freedom, and security. As you go through this process, you’ll have a budget specific to YOU and the unique lifestyle that you want to live. One of the best parts is, you don’t have to be a numbers person; I did all that for you. I created the system that you can plug and play and finally have the confidence that you’re craving.
With Budgeting Simplified, you have a failsafe built into your budget. So then when life throws you curveballs, as we all know it will, your budget can handle it. Stop the cycle of your bank account draining every month and finally feel confident and have fun with your money again.
If this sounds like a heck yes for you, then simply visit aimeecerka.com/budget. And of course, if you need that link again, it’s hanging out in the show notes for you.
Welcome Back
Welcome back to another episode of the Your Money Your Life podcast. I’m your host, Aimee Cerka.
… And I have hiccups. So I’m going to apologize in advance if I’m hiccupping during this episode, but I wanted to do this money check with you. We’re talking about Financial Literacy Month.
Identifying the Money Dilemma: Do You Really Need More Income?
What do you do when you just need to make more money? Okay, because I think we’ve all hit that point, you know, I’m doing the things I’ve got the budget, I’m saving, I’ve cut where we can. It’s just fill in the blank. It’s just gas prices, it’s just cost of living. It’s just inflation, I just need to make more money.
And sometimes that is true. But if you’re out there saying, “If I can only just make an extra $500, I’d be set and be okay”. The problem with that is there’s somebody out there who’s making the extra $500 that you want to make. So, they’ve hit like that income level.
Let’s say you’re at $60,000 a year that you’re making in income. If I could just make $70,000 a year in income, roughly the 500 there, then I’d be set. Well, somebody out there making $70,000 a year is saying if I could just make $100,000 a year, I’d be set; we’d be okay.
The problem is if we don’t actually have the right things in place, the right foundations with our finances, when it comes to your money management system when it comes to our money mindset and I’m getting ahead of myself, then we’re just setting ourselves up to be in a bigger hole financially down the road, okay. This is why 95% of lottery winners end up bankrupt. Or really, we should say, in the same situation they were in or worse, which would be bankrupt for most, within five years. And the reason for that is, they didn’t have the systems in place to scale, they didn’t have the proper money habits.
The Importance of Good Money Habits
We think that having good money habits is just about having a budget. You know, paying my bills, and I’m doing those things, and I’m tracking my expenses, which isn’t budgeting, by the way. Tracking your expenses is a part of your budget, but it is not budgeting.
So if we’re just doing that one thing, we’re not actually doing what we need to, we’re not setting ourselves up to scale, we’re not coaching this with the attitude of growth and having that healthy relationship with money. We’re not playing that well-rounded game. We’ll talk about those four aspects real quick, just in case you need that reminder. So when we get the extra money, we’re not doing with it what we mean to. So then, we’re still stuck on the same hamster wheel of doing all the work, just to feel like it’s barely not enough.
Addressing External Financial Factors
Now, I know there’s a lot going on with inflation, gas prices, etc., all the things, but there are some things that we can do to help with that. And we’re going to talk all about that inside Money Masters Inner Circle Academy. So if you are not on the waitlist for when the doors to that re-open or really open, the Academy is a new portion of Money Masters Inner Circle that I’m so excited about, and go check out the waitlist, I’ll include a link in the show notes for you to check it out.
The 4 Pillars of Financial Well-being
But, we have to play that well-rounded game with all four aspects. So… offense, which is making the money which we talked about you’re doing, we just need more of that and sometimes that is the case. But often we find that, you know, defensively, with our defense that’s making the most of what we have.
This is where your money management system comes in. This is where your budget comes in. This is where your net worth tracking comes in. These things aren’t being done in the way that we need to in the way that we need to grow.
Understanding the Economics Game
And then we add the battlefield in, so our money mindset, our economics, which are the rules of the game. That economics’ there, that’s where we talk about the inflation, and how to truly what you can do to set yourself up to protect yourself from what’s going on.
And then of course, the money mindset because we all have these money mindset obstacles that we’ve set up, that we’ve created, and we have to do these things to move forward. We have to eliminate those blocks that we don’t even see that are there. Then of course, the fourth pillar is that support having that third party objective person to review the tape with you, see the numbers, help you to show up to the practice to do the things consistently that we need to.
Increasing Your Income: Have a Plan
So yes, we need to have a plan to increase your income. And if you’re like, “Okay, I’m doing all the things. I know. I hear you, Aimee, I hear what you’re saying. But I promise you, I’m actually doing the things, and I just need to increase my income.” That is awesome, that you’re doing all the things and I want you to have a plan to increase your income.
If you don’t have that, we’re doing an Increase Your Income Series coming soon. So make sure that you’re subscribed to the show, so you can stay up to date. I’m really excited I’m going to do I think the first one is coming out in a couple weeks, I believe so. But there’s one that I found that, I’m going to talk about that I had never heard of before. Well, let me see this, I didn’t realize that I had heard of it before and it’s kind of like a unique way to make money, and it doesn’t matter if you get screaming kids in the background and all those things.
So have a plan to increase your income, if you’re doing all the other things. But if we’re not doing all the other things, if you can tell me like look, we budget, I do a month in check-in. I know all these numbers are right, we budget in advance. I’ve looked at my numbers, we’re doing this, we’re saving consistently, we’re doing these things, we’re just not getting ahead because we need to make more income. Okay, let’s get you in a plan to increase your income.
But if you can
’t look at the numbers, and tell me in like 90 seconds, what your expenses were last month, what you spent the money on, what income you brought in because you have that sheet that you can pull up where you tracked it, whether it’s electronically whether it’s on pen and paper, wherever it’s at, if you can pull those numbers up because you’ve done the work, then let’s talk about your plan to increase your income. But if we’re not doing the consistent work that we need to with the income that we already have, making more money is great, but it’s not going to be the solution that we’re looking for.
Taking Action: Your Financial Literacy Challenge
With that, we talked about saving money last week on the show for Financial Literacy Week kicking off. I wanted to talk about the other side, you know, making more money, but if we really need to actually make more money to get that adjustment for this month.
So, your challenge today, send me a message let me know did you realize you were doing the work? Or is it something that you’re going to work on being consistent, and what you’re doing to improve your financial literacy this month? We’ll see you next week for another episode of the Your Money Your Life podcast. Bye for now!
Connecting on Instagram: Join the Community
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 @aimeecerka. Send me a message or post a screenshot and tag me! I love hearing from podcast listeners.
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.
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