The Pay Yourself First Podcast was amazing, thank you Chris for this opportunity!
Want to use your business to get you to financial freedom? You’re in the right place.
Welcome to The Pay Yourself First Podcast.💵
My name is Chris Jolly, founder of The Pay Yourself First Podcast and this show is built for 6 figure+ online entrepreneurs who are looking to make and keep more money, reinvest in their highest leverage asset the right way and reach financial freedom during the life cycle of their business.
If you’re an online entrepreneur looking to build your financial freedom, it’s crucial to learn from those who have already walked that path. That’s why The Pay Yourself First Podcast is excited to welcome Colleen Biggs, a renowned speaker, author, and entrepreneur, who’s passionate about empowering women to embrace their true potential. In this podcast episode, Chris Jolly and Colleen Biggs discuss how to make money magic in your business and achieve financial freedom by prioritizing yourself as the first recipient of your income.
1. The Power of Paying Yourself First
As Colleen Biggs points out, many entrepreneurs make the mistake of letting their business expenses eat up all their income, leaving them with little to no personal wealth. However, by applying the concept of paying yourself first, you can reverse this trend and achieve financial freedom. Paying yourself first means setting a specific portion of your income aside for personal use before allocating funds to expenses and investments. By doing this, you ensure that you prioritize your well-being and long-term financial goals while also keeping your business healthy.
2. Strategies for Building Financial Resilience
Another key aspect of achieving financial freedom is building resilience to economic downturns and unexpected crises. Colleen Biggs shares how her experience with bankruptcy and divorce propelled her to learn how to strengthen her financial position. She emphasizes the importance of having multiple streams of income, building a healthy emergency fund, and investing in assets that can generate passive income. By adopting these strategies, entrepreneurs can build a safety net for themselves and their families while also continuing to grow their business.
3. The Mindset of Abundance and Gratitude
In addition to practical strategies for financial success, Colleen Biggs emphasizes the importance of mindset when it comes to money. She encourages entrepreneurs to shift from a scarcity mindset to an abundance mindset by focusing on the opportunities available to them. She also stresses the importance of being grateful for what you have and for the people who support you. By cultivating positivity and gratitude, entrepreneurs can attract more abundance to their business and personal life.
4. Balancing Work and Life
One of the challenges faced by many entrepreneurs is finding the right balance between work and personal life. Colleen Biggs shares her tips for striking this balance, including prioritizing self-care, setting boundaries, and delegating tasks to others. She also emphasizes the importance of taking time off to recharge and connect with loved ones. By prioritizing self-care and balance, entrepreneurs can reduce burnout and stay motivated in their business.
5. The Magic of Giving Back
Colleen Biggs shares her philosophy of giving back to the community and making a positive impact in the world. She encourages entrepreneurs to find ways to use their business to make a difference, whether through charitable donations or social initiatives. By giving back, entrepreneurs can not only improve the lives of others but also feel more fulfilled in their own lives.
Connect with the host Chris Jolly:
Wanna know how? Keep Listening.
If you’re a 6 figure+ (or approaching 6 figures) entrepreneur with an online business we’d love to interview you on our show… head to:
We help 6 figure+ entrepreneurs with online businesses create an individualized roadmap for financial freedom, and the accountability to get them there, without having to become a professional investor or waste time learning complicated financial formulas and strategies, by implementing our Pay Yourself First Signature System.
If you want help turning your business into the vehicle for creating financial freedom for yourself, like it’s meant to be…
— Book a call with our team to see how we can help
>>> Financial Freedom Assessment
Connect with Colleen Biggs:
https://colleenbiggs.net/ Consider Colleen to speak at your next event!
Join the Leap Community so you can Step Into the Spotlight, be seen, be heard and be visible today! https://colleenbiggs.net/community/
Subscribe to our podcast for more amazing episodes https://podcasts.apple.com/us/podcast/take-the-leap/id1503359524
Come join us for our next Thrive & Prosper Business Planning Retreat November 1st-5th! https://colleenbiggs.net/thrive/
Also we are hosting a one day conference Empower & Elevate for women here in the Phoenix area, check out the conference nad secure your spot here. https://colleenbiggs.net/empower/
As always don’t forget to subscribe to get updates when new amazing episodes air! https://podcasts.apple.com/us/podcast/making-money-magic-with-colleen-biggs/id1684542034?i=1000629205691