This week on the Podcast we have Gina Knox, known affectionately as “money’s mom” by her clients, is a financial coach for entrepreneurs who brings an innovative and accessible approach to saving and wealth building. Believe me – It’s. a. banger. For the month of March we’re dedicated to all things Money on the podcast, and this episode with Gina was the perfect way to kick it off. Come listen on Spotify or Apple Podcasts!

Here’s a little of what you can expect from the episode..

Expanded Actionable Insights from Gina Knox:

1. Start Saving Now: Gina passionately argues that saving is a journey that starts with a single step. Regardless of your current income, initiating a saving habit is crucial. She suggests beginning with manageable amounts, underscoring the compound effect over time. This approach demystifies savings and encourages entrepreneurs to look beyond immediate financial challenges, focusing instead on gradual and consistent growth.
2. Separate Business Finances: Knox highlights the importance of clarity in managing business finances. By using separate accounts for operational expenses, working capital, and taxes, entrepreneurs can gain a clearer picture of their financial health. This segregation aids in better cash flow management and ensures that funds are allocated appropriately, reducing the risk of financial commingling and related complications.
3. Invest Wisely: In her advocacy for smart investing, Gina recommends starting with simple, low-cost index funds. These funds offer a straightforward way to diversify investments and minimize risks associated with stock picking. She specifically warns against the allure of quick wins through speculative investments, advocating instead for a long-term perspective on wealth building. Her recommendations for funds like Vanguard’s VTSAX and VFIAX are based on their proven track record and the broad market exposure they offer.
4. Educate Yourself: Continuous learning is at the core of Gina’s financial philosophy. She encourages entrepreneurs to empower themselves with knowledge about personal finance and investment. This education can come from reputable sources, including financial podcasts, books, and articles. By staying informed, entrepreneurs can make more confident and informed decisions about their finances and investments.
5. Mindset Matters: A significant part of Gina’s coaching revolves around addressing and transforming money-blocking thoughts. She believes that a healthy financial mindset is just as important as practical financial strategies. By identifying and shifting limiting beliefs about money, entrepreneurs can open themselves up to greater financial prosperity and stability. This mindset shift is essential for taking proactive steps towards financial freedom and success.

Gina Knox’s financial coaching is more than just about managing money—it’s about transforming the way entrepreneurs perceive and interact with their finances. Her actionable insights offer a comprehensive roadmap for anyone looking to start their financial journey on the right foot, build sustainable wealth, and cultivate a healthier relationship with money! Don’t miss out, and come take a listen! xx

---

Images by Blake Nelson summer of 2022.