Our Journey to $100k Per Month
Episode 172: Show Notes
So, we have a crazy idea! We’re excited and nervous about it and can’t wait to share with you. We have big dreams this year and yep, you guessed it. We want to take you on our journey to $100k per month. We recently came to the conclusion that making this amount of money every month is realistically quite doable for us at this point. We have formulated some new strategies, broken down more of our goals and in the next few weeks, we’re going to be pushing to make our $100k month a reality.
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In this episode, we will be sharing with you how this dream came about and delving into the shifts of our money mindset, our questions and fears and why money is amoral and much like a brick. We want to open up the conversation about money with you and encourage you to examine your own money mindset. So, by the end of this episode, you should feel more comfortable talking about money, dreaming big and feeling less guilty about wanting more money – if that is what you truly want.
How Did This $100k Dream Come About?
We didn’t just pull this number out of our rear. As you all know, there’s a certain way we plan our year and set our financial goals, which we then break down into quarterly goals, monthly goals, etc, etc. This is called the Follow Through Method (which we have an episode on) and it’s helped us rock some shit! We had heard the plans, strategies and goals you implement to reach six figures are not the same as the plans, strategies and goals you implement to reach seven figures and beyond. So we were like, “Okay what do we do?” We listened to a peer who we love and respect, Courtney Foster-Donahue, who subsequently has learned a lot from Todd Herman. Todd sets goals in a 90-day format and breaks things down into a good, better, best scenario. So we restructured our year based on that method and it split out the $100k month! Another reason for this goal is Emylee always wanted a million-dollar business by the time she was thirty.
Scrapping Old Plans To Make Way For The New
This year, our goal was to get to $500,000 and we were just short of it. But over the last two years, we’ve doubled. So, we sought some advice and as you know, Trello has always been our go-to, our crack. So, we thought if we spend some time and energy and money on getting people into that program even if it broke even, it could potentially increase revenue elsewhere. But after three months, we were still not breaking even! So, we shut it down and asked advice from another online business guru, who invited us to join a course. Which we did and it rocked. Bearing this in mind, there are some major concepts and strategies we are implementing now in 2018 and specifically over the next few weeks to help make this goal happen.
The Mindset Shifts We Have Gone Through As Our Business Has Grown
In the beginning, making our money wasn’t this crazy, but as we have grown, our perception of money and other people’s perception of our money have changed. We have had to get over the fact we were making more money than our parents had ever made before and then more than 98% of our family had ever made before. Then realizing, holy shit, in 2018 we could be in the top 1% of earners in the United States and that makes us one of “those” people. “Those people” that have money, “those people” who aren’t living humbly, “those people” who are often seen as the bad guys in society. The point is, you have the power to decide what money means to you and you also have the power to decide how people influence that. So here we are, being unashamed and open about our money and our $100k dream, saying we’re not there yet but we’re trying to be. This doesn’t have to be your dream, but whatever your dream is, there will be similar strategies that we use to help you get there.
What Happens After We Reach $100k a Month?
If we’ve worked this hard to get to where we are now and we’re going to continue to work hard to get to the $100k a month – do we just maintain that forever? Or do we then start to aim for $300k per month? What feeling are we chasing that makes us feel good? And do we even have the knowledge and the skill-set to get us to the next level we’re going to un-tap? The fear is not about reaching that goal. The fear is around what comes after. What are the right moves to make that will benefit this company? And are these goals sustainable? These are all questions we have and when we’re constantly focusing on the “next” – the next goal, opportunity or dream – we also need to remember to be content with the “now”. We, of course, want to grow, but we also want to be content. This is the struggle.
Money-Flow Gets Easier While Self-Growth Gets Harder
Although business and the money-flow gets easier, in a sense, over-time, the internal work gets harder. Working on your mindset and overcoming personal hurdles are bigger stumbling blocks now. Don’t get us wrong, we’re not complaining about our personal financial situations. This is more about, do you ever reach a business goal and then you’re done? If you are done, what does that mean for you business? Is it over? Do you sell it? Do you move on to something else? Do you maintain “done” status? Okay, so with all these questions and confusion, you might be sitting there thinking – “Why on earth do they need that much money!?” To give you a simple answer, the great thing about making so much more is you can give so much more.
Identifying How You Feel About Money
At the end of the day, no matter what your views on making money are, we want to say you should never feel bad or uncomfortable about having these types of conversations. Whether it be with us, your friends, your partner, your colleagues, your mamma – find your person. Identify when you feel awkward, mad or uncomfortable about these conversations and question why you do. Remember, money is a tool and if you don’t like how you feel about money, know you can change that. Money can be whatever you want it to be, you get to decide. You get to decide what you do with it, how you feel about it and how you make it. We would love to open up this conversation online. So come on over to our Facebook Community and bring up episode 172 and let us know the feelings it brought up for you.
What are your thoughts on six-figure and seven-figure businesses? What does that look like for you? This is a safe space on the internet with a community of people who have the same concerns and fears as you.
Quote This
You have the power to decide what money means to you.
Highlights
How Did This $100k Dream Come About? [0:03:42.1]
Scrapping Old Plans To Make Way For The New. [0:08:02.1]
The Mindset Shifts We Have Gone Through As Our Business Has Grown. [0:15:24.1]
What Happens After We Reach $100k a Month? [0:25:22.1]
Money-Flow Gets Easier While Self-Growth Gets Harder. [0:30:30.1]
Identifying How You Feel About Money. [0:37:40.1]
ON TODAY’S SHOW
Abagail & Emylee
We help overwhelmed and creative entrepreneurs break down their Oprah-sized dreams to create a functioning command center to tame the chaos of their business. Basically, we think you’re totally bomb diggity, we’re about to uplevel the shiz out of your business.
KEY TOPICS
Setting goals, Monthly income, Money mindset, Seven figure business, Six figure business, Money conversations, 100k per month
