The past five years of entrepreneurship has been challenging to say the least. My biggest challenge has been money or shall I say CASHFLOW. Cashflow is the life blood of a business. The same goes for your paycheck if your an employee. We will explore those details much later. You may be asking how did I reach the point to discuss my financial journey?
For the past few months I have been struggling financially because of so many inconsistencies in my life. In August, I got a new job and have been trying really hard to catch up on various bills. A week ago I told myself to sit down and do a budget. Michelle, you know how and you know better. The truth of the matter I was too scared to face this small truth. Yes, things are looking up, but still. I definitely know how much is coming in. Not enough. And I have a pretty good idea of how much is going out. I just didn’t want it confirmed in the fine print.
One of the main problems is my monthly bills are not my monthly bills. A lot of my payments are stacked up 2-3 months which keeps my finances out of whack. I’m playing catch up with so many creditors while trying to figure out what is priority.
On Wednesday night I was brought to a delicate place where I had enough yet I was at peace to move forward. So, at 9:30 p.m. I sat down to do a BUDGET! It wasn’t that bad. Actually it was a relief. Creating a budget was the first step to getting back to the basics and back on track. What I didn’t expect was this spreadsheet to ignite me to get back to my first love finance. Okay, maybe not one of my first love, but one of my loves. Back in the day I use to geek out on money, or financial education. At that time I didn’t have a lot, but I had enough. Learning from the experts gave me hope to become wealthy. I need to get back to that feeling.
My plan is to share with you my financial journey. I haven’t figured out how much I will share on my blog. My main priority is to get back to the financial practices that I have learned and desperately need to revisit. Before I dive into all the strategies and tactics, I will provide you with my back story on how I got into finance. That should keep me busy over the next few weeks. I’m going to be honest, as a strategist I don’t have a plan. Simply put I feel compelled to do it. As I help myself I hope I can help you. Here we go!
Join me on this journey that I call #IAmFinanciallySound.
Picture from Pixabay