#243: Q&A: How often do you set a fast money target? - Tash Corbin, Heart-Centred Business Podcast

Show notes can be found at tashcorbin.com/243 In this Q&A episode, I'm answering Jodie's question about how often I set myself a fast money target. I also have a bit of an out of the box freebie for you today as well so make sure you go and check this one out. Let's dive on in! Today's question comes from the fabulous Jodie Thornton. You can find out more about Jodie at jodiethornton.com. She is a parent coach so make sure you go and check her out. Jodie asks a brilliant question, which is: "Hi Tash! How often do you set a fast money target?" This is a really great question. Even though it's going be a pretty quick episode, there are some great little lessons in this one. First and foremost: What is a fast money target? For those of you who are in my audience and have been around for a little while, you probably are familiar with this. I do have a Fast Money training, and I also have a Fast Money Challenge that I run from time to time that's focused on setting and achieving a stretch income goal in a really short period of time. I call it Fast Money (it's named after the fast money round on Sale of the Century). Fast money is for when you want to set a big income goal for a short period of time, and you want to bring in that fast money. My fast money goals are usually a seven to a ten-day goal. I don't always have a fast money target going at all times at this stage in my business, however, I always have a quarterly income goal, or sometimes I'll set it for a little bit longer (maybe it's a 100-day income goal). I love setting a goal for the first 100 days of the year, so I'll have a 100-day income goal usually at the start of most years. That's not necessarily a fast money goal, it's more of an extended period of time. I would define a fast money goal as something where I'm going for a stretch income goal - maybe it's seven, ten or even fourteen days. Due to fast money being a short term goal, I only ever really set a fast money goal these days when I'm doing a launch. Maybe I have a launch and in the six days of the cart being open, I set myself a big stretch income goal for what I'm going to bring in at that point in time. I recently needed to purchase some things - a new phone, Apple Watch and a few other tech tools and toys - so I decided that I was going to go and manifest the money for those in three days. That was a really fun little challenge that I set for myself and another example of when I would set myself a fast money goal. The other thing that I use fast money goals for these days is when I see in my cash flow projections that cash flow might be a little bit tight in the coming months, so I do a fast money goal in a short period of time to manifest that income to get me through that poor cash flow period. That definitely has been something that I've only brought into my business recently. I never used to do cash flow projections, but now that I do those more consistently and I can see what's coming up, I have been doing those fast money targets for myself once every couple of months. It makes it easy for me to see that if I only get my predicted income in for the month, then I may be a bit tight on cash flow and I'd rather have a nice buffer for myself so I end up doing a fast money challenge. However, all of that being said, when I was in start-up, I actually did a fast money target every single week. Every single week, I wanted to challenge myself to see how much I could earn foLet me know your thoughts via our Text FanMail!Join us in Noosa at the Heart-Centred Business Conference on 2-3rd September!Find out more and secure your ticket at: tashcorbin.com/conference