Episode 29: The Budgetologist - Phylecia Jones
Sometimes I stand in front of things I want to buy knowing they are outside of my “budget”. I look at sweaters and shoes and first class plane tickets and imagine the day that they will mean the same to me as a cup of coffee. Can you relate? If you are an entrepreneurial minded person you no doubt have those dreams too.
However, to make a million dollars, 10 million dollars, $100,000 or even $10,000 it starts with making one dollar and learning how to manage that one dollar. I receive bad advice on the daily about how you have to “spend money to make money”. Not all opportunities are created equal and I have learned that spending more than you are bringing in is never a good idea, not matter what. If that means you clean your own house while you listen to podcasts, do it. If that means you buy the podcast producer but not buy new UGGS, do it. If it means you make it to the team training cross country but fly Spirit, do it.
A lot of us are in the middle of the journey. The place where discipline is high and the margins are tight. I am in the place where I am making enough to not go to a job but not enough to buy everything my heart desires. I am open and vocal about these because these are the realities for entrepreneurs and no one is showing up and talking about it. Instead people are posting perceived success on Instagram to mask the fact they are living in a mountain of credit card debt. STOP. I am screaming at the top of my lungs for this to stop and people are finally starting to listen. You CAN attract business partners with real life. You can’t be afraid, you just have to put yourself out there.
80% of American’s are in debt. We need to change that. We need to stop spending and start saving. We need to stop trying to keep up with other people in debt and start being honest about how we need to live right now. ESPECIALLY ENTREPRENEURS.
Today’s guest is all about this and we get raw and real. As the CEO of Keep Up with Mrs. Jones LLC, Creator of Budget School, a premier business financial education platform, and Host of the daily morning show Ask the Budgetologist, Phylecia Jones is the savvy go-to budgeting nerd, international speaker, and trainer. After serving as a civilian Scientist and Engineer for the US Navy, Phylecia launched her skills into changing the world one budget-at-a-time and is now opening the door for many solo entrepreneur coaches and consultants to have that must needed wake-up call to get serious about managing money. Since being a money nerd is not enough, Phylecia's life has included traveling the world, being a professional cheerleader, 100hrs towards being a yacht captain… and achieving an eclectic list of random cool things!
In this episode we talk about:
No one is going to do it for you.
If you really want it, you’re going to have to make the opportunity happen
You need to stand out in your field
How to be an influencer
Stop being afraid and put yourself out there
How to find your voice
How to reach Phylecia:
Much love to you this week.
I want to hear from you on Instagram about your money story! Let's connect!
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