Recently on Financial Woman Radio, I interviewed Patti DeNucci. Patti is a seasoned entrepreneur, having founded her own networking company in Austin. Patti offered some inspiring insights for any woman that is thinking of creating her own business. If you missed the show, you can listen here or download it to your mp3 player, which for me, is my cell phone.
Part of being a Financial Woman is absolutely knowing your monthly cash flow, and making sure that more is coming in than going out. As we step through this in my 7 Steps to Deliberate Investing course, implementing positive cash flow can include reduced and more conscious spending, as well as creating additional revenue streams. As women, we develop so many skills and talents, often around our passions, both inside and outside of careers. I encourage all women to explore themselves to see if there is a burning entrepreneur living inside of them; I find it rare that there’s not.
Be sure to take a look at your monthly cash flow to make sure you have more coming in than going out, and to see if you need to look at generating more income. Begin thinking about your talents and passions, and that burning entrepreneurial spirit that may be living inside of you. Put some ideas to paper if this is an area that interests you and see what surfaces.
As I sit and write this morning in my favorite living room chair with my green tea listening to Bach on Pandora, I am grateful that I chose to create my own business providing financial education for women. As my son walks down the stairs and out the front door on his way to school, I love being able to tell him goodbye and to have an awesome day. I am especially grateful to be home and have that brief moment of connection during his last year in high school.
What knowledge or brilliance do you have to share with the world either through an income generating business or a charitable offering? I believe that all financial women have one.
Action for this week: Look at whether you have more money coming in or going out each month.