Episode 299: Using Your Business to Fund Personal Wealth with Erinn BridgmanFeb 14, 2023
I am so excited for today’s episode where we discuss using your business to fund personal wealth with Erinn Bridgman. It’s one of the main reasons I started my business! Erinn started out as a wedding photographer, but pivoted 5 years ago into business, money mindset and money management coaching.
Erinn says that it makes sense that women feel GUILTY about making money given the history of women and money in our country. This can lead to a challenge with our mindset around money – do you feel WORTHY to make money? Starting here is KEY!
Then, Erinn gets practical with a focus on increasing your SALARY! Most women pay themselves last and inconsistently. Although investing money back into the business makes sense at the beginning of your journey, eventually paying yourself a consistent salary allows you to leverage growing your personal wealth. So, if nothing else, start paying yourself consistently – even if it’s $100 a month – put it on autopay!
Erinn drops all the gold when she shares her five financial goals for women biz owners – (1) Work towards eliminating any debt. (2) Determine a savings goal and start saving! (3) Decide how you want to invest for your retirement – and then do it! (4) Be generous! Wealthy women will change their communities and the world! (5) Lastly, think about any lifestyle upgrades that make sense for YOU – maybe it’s hiring a housekeeper or traveling more. It’s totally up to YOU!
Unsure where to start? Erinn recommends two things .. Log into your business and personal bank accounts daily. Just get used to looking at the numbers. Next, create one financial goal that really lights you up! Write it down and write down the feeling it would produce!
Want more from Erinn? Check out her podcast called “The Wealthy Woman”
In this episode:
- Erinn tells us how she became an expert in this field
- Do you feel guilty about making money?
- Let’s talk about that money mindset!
- Ways to build personal wealth
- Erinn’s five financial goals for women biz owners
- What’s one piece of advice for those of us looking to get started?
As a money management and mindset coach, Erinn Bridgman (https://www.erinnbridgman.com/) empowers female entrepreneurs to design a business that is not just ‘profitable’, but actually grows their personal wealth. Born with an entrepreneurial spirit, Erinn began by scaling her photography business to over six figures in under two years, affording her the capital to begin funding the real estate empire she and her husband now run. Ever passionate about supporting women as they uncover their own potential and earning power, Erinn supports female business owners to not just ‘scale their business’ but to use it as a means for building personal wealth. When she’s not working with clients or finding her next investment property, Erinn can likely be found vacationing around the world and spending quality time with friends, her husband and two daughters, Ava and Juniper.
CONNECT WITH ERINN:
CONNECT WITH HOLLY:
- TEXT HOLLY: 614-810-4236 or click here
- ENROLL IN ANTI-SOCIAL SCHOOL: www.hollymariehaynes.com/antisocial (Use the code "SOCIALDRAMA" to save $500)