Paying Yourself First Isn't the End Game

In this episode of Thrive in Business, Nicky and Ness discuss the importance of paying yourself first, and how to break the cycle of resentment when it comes to money. They reveal why building wealth requires a shift in mindset and the practical strategies to implement this, as well as the value of valuing your own skillset, time, energy, and effort. This is not only about women; Men are guilty too for not understanding how to interact with money. Listen in for tips on facing your financial reality head-on, creating a personal vision that links to business goals, and using profits for both yourself and others! Tune in now for actionable steps on breaking the cycle of feeling overworked and underpaid in business! 

Topics:

• Nicky and Ness discuss why paying yourself first isn’t the end game
• Exploration of how to shift beliefs and strategies to break the cycle of feeling overworked and underpaid
• Reasons for people to go into business: Passion, Skill, Freedom, and Lifestyle
• Women often undervalue themselves and give things away for free
• Paying others first before yourself can lead to financial issues
• Include yourself in the mix and put yourself at the top of the list
• Focus on a revenue target that incorporates your income
• Breaking the cycle of generations before us who put everyone else first
• Create wealth for yourself and your family by looking at different ways to invest
• Paying ourselves in business is just the beginning of creating wealth and having a bigger effect on the world

Quotes:

“The reasons why people go into business. It's because we're passionate about something, we're damn good at something and we can do it better than what's out there already or we don't want to boss anymore. We want to be the boss. We want that freedom. We want that lifestyle. But yet, so many businesses actually embark on that business, they don't have those things because they become tethered to their business and they're not getting paid even as well as they would if they had a job.” – Nicky

“When we make money, we make that money go round. And if we are looked after and we are making sure that we are part of the mix, really important first, we have that luxury to be able to then say, “Well, where else do we want our money to grow?” If we can look after our loved ones, if we can actually give to great causes, if we can create charities or do whatever it is, like give back, that actually is so important that we understand money within our business and become profitable in our business.” - Ness

Links:

https://businesstogether.com.au 

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Music by Jules Miklos-Woodley