07 Getting to know your money with Morgaine Trine
About this episode
As a business owner, chances are you know it’s important that you have tabs on your finances. But I think it’s fair to say that keeping track of your money isn’t exactly the most exciting task. Not to mention the fear that can come up around actually knowing your numbers. It’s easy to see why so many business owners avoid those financial statements until it’s tax time. Today we dispel the “wrath of the IRS” and talk about what you can do to get to know your money so you can lift that weight off your chest and have systems in place to let the money roll in.
In this episode, we chat about:
The biggest money mindset blocks that hold entrepreneurs back from knowing their numbers and what you can do to move past them
What you REALLY need to know about the IRS (it isn’t what you think) and how it will lessen the fear around tax time
Taking yourself out to Starbucks—tax deductible or not so much? We tell you what you need to know to reduce that paralyzing fear of categorizing expenses incorrectly.
How setting up systems in your business makes your life and business better (with an amazing chocolate aisle analogy)
Amanda’s secret to keeping tabs on her yearly income and trusting her bookkeeping software because technology, right?!
Morgaine’s favorite bookkeeping tool, what she loves about it, and how it will help you reduce the stress and overwhelm that can come with knowing your numbers
The guilt or fear of overspending and what you can do to give yourself a much needed “reality check”
That sigh of relief you can experience by actually knowing and loving your numbers
About Morgaine Trine
Morgaine Trine is the Financial Strategist and Bookkeeper at Honestly Bookkeeping, a firm dedicated to helping creative entrepreneurs create long-term wealth and build sustainable businesses.