Mastering Your Finances: Expert Tips from Financial Coach Gina Knox

Hiii Sunshines! Welcome back to The Gold Biz Podcast. This week I had the pleasure of chatting with the amazing, Gina Knox. Gina is a financial coach and the founder of Gina Knows Money. With a background in finance and accounting, Gina helps entrepreneurs and small business owners gain control of their finances and build wealth. She is passionate about helping her clients create financial stability and achieve their financial goals.   During our chat, Gina dropped some serious truth bombs on how entrepreneurs like you and I can save money and effectively manage that ever-changing variable income. Trust me, you won't want to miss this! Gina emphasized the importance of saving, no matter how big or small the amount. She shared some awesome tips on simplifying your bank accounts and creating a clear savings system. It's all about getting intimate with your finances and truly understanding your income and expenses.   Consistency is key, according to Gina. As an entrepreneur, paying yourself consistently is vital. We also dove into the power of setting quarterly and annual goals, rather than solely focusing on monthly goals. It's all about embracing the ebb and flow of being an entrepreneur.  🔑 In this episode, you will learn:   The impact of low months on business decisions How to set quarterly and annual goals rather than focusing solely on monthly goals The importance of paying yourself  Leave a review for a chance to be entered into this month’s giveaway!   Get 10 ways to increase and market album sales here!  Booking Bottleneck Quiz Here FREE SEO Guide to bring in inquiries without using social media See shop and free resources HERE  APPLY HERE to Passion to Profit - the signature 12 month Coaching Program for Established Photographers to raise their prices and become lead generation machines to consistently book their highest paying clients   Connect on Instagram HERE   Connect with Gina Here ⏱️TimeStamps   1:00 First step is to simplify bank accounts and get familiar with expenses 4:00 Set a trigger number to know when it's a problem 6:00 Avoid percentage-based approaches for saving for taxes 11:00 Use savings to maintain consistent owner's pay during low cash months 18:00 The importance of mindset and overcoming shame around money 20:15 Coping with fluctuating income and normalizing inconsistent income 22:23 Scaling and managing inconsistency 24:27 Importance of managing inconsistency and creating calmness 26:54 Focus on quarterly and annual goals instead of monthly goals 28:23 Building self-trust and leading with heart in business 29:14 Letting go of the need for consistent savings every month 30:09 Staircase thinking and saving different amounts each month