Jen Paterson's Easy Money Hacks

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Jen Paterson, founder of Dollar Divas, empowers female entrepreneurs through mindset coaching and practical financial strategies. In this conversation, she discusses the importance of mindset in managing money and overcoming financial challenges. She emphasizes the need to explore childhood beliefs and values around money and change language and beliefs about money. Jen also highlights the importance of regular financial check-ins and when to bring in a bookkeeper for your business. Finally, she shares insights on budgeting and cashflow management for entrepreneurs and the importance of paying yourself from day one. In this conversation, Jen Paterson provides valuable insights and practical tips on managing finances for entrepreneurs. She emphasizes the importance of separating business and personal finances and recommends setting up separate accounts for different purposes. Jen also discusses the process of determining pricing for products or services and highlights the need to consider factors such as profit margins, unsold merchandise, and the value of one's time and expertise. She advises on reinvesting in the business and suggests siphoning off a percentage of profits for growth. Jen also shares insights on borrowing and managing debt, common pitfalls in finance, tax and legal considerations, and key practices for entrepreneurial success.
Takeaways
- Mindset is crucial in managing money and overcoming financial challenges.
- Exploring childhood beliefs and values around money can help identify and change limiting beliefs.
- Regular financial check-ins are important for staying on top of your finances.
- Paying yourself from day one is essential for psychological well-being and financial stability. Separate business and personal finances to maintain financial stability and avoid stress and confusion.
- Consider setting up separate accounts for different purposes, such as taxes, operating expenses, and emergency funds.
- When determining pricing for products or services, factor in profit margins, unsold merchandise, and the value of your time and expertise.
- Reinvest in your business by siphoning off a percentage of profits and strategically planning for growth.
- When borrowing or managing debt, be intentional, read the fine print, and understand the terms and repayment options.
- Avoid common pitfalls in finance by paying attention to your finances, keeping track of expenses, a

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