A money master holds evenness through the ebb and flow of prosperity with much humility.
Perhaps the biggest challenge a soulful, passionate new business owner must overcome in the first several years is the inconsistent income. If this challenge can be mastered, that visionary entrepreneur will earn the badge of victory necessary to go on and live a successful, exciting and sustainable financial life.
Over the past seven years as a financial coach, I’ve helped lots of clients proceed through this initiatory period and triumphantly make it to the other side with an abundant, aligned, satisfying livelihood. In that process, I’ve found these fives steps have helped real people to burn through obstacles and achieve a prosperous, consistent income.
Here are five ways to build a consistent income:
1. Set the intention for consistency
Intentions should focus on a desired experience and not a specific outcome. Here are some examples of well-worded intentions: to have an experience of flow and sustainability, to feel spacious and uplifted, to feel that money comes into my life easily, or to experience a consistent flow of income each month.
Think of intentions as the energy behind all your actions and goals. They are the desires and deeper motivations that fuel your work, keep you going when you meet challenges, and bring clarity to your decisions.
2. Set measurable and consistent income goals
While intentions are more broad, goals are specific, measurable and masculine. Your income goal should be a specific number that you believe is possible but also feels challenging, of which you can keep track.
Once you set your first income goal, keep it the same until you have consistently brought in that amount for three consecutive months. Then, increase your goal. This helps you to move forward in a way that feels successful, every step of the way, while revealing what is working and what may need to be shifted.
3. Set up a system to keep track of your income
In order to measure your goals, you will need a clear easy, even fun system, to track your income. Bookkeeping tools like Mint, Quicken, iBank or Excel can be very helpful. I highly recommend that you either learn to become masterful in these systems or hire someone to help you.
4. Establish a revenue model
Once you have a specific goal and method to measure your income, you will need to clarify how they translate into your ways of working. A revenue model maps out exactly what your revenue streams are. It plans and measures how many clients you would need to see, and at what rate you would need to see them—for example, in order to meet your income goals.
Other questions answered by your revenue model are: how many products or packages would I have to sell in order to meet my goals? How many students would need to attend my workshop? Think of a revenue model as showing “this x this = my goal.”
It is incredibly helpful to have this information clearly laid out so your income becomes more tangible. Paradoxically, it makes the process feel even more magical at the same time because you actually see the universe provide according to your clarity.
5. Don’t get tossed around by the voice of the ego
In this process, you will inevitably meet challenges and opportunities. Your strength will grow as you learn to work with the voices that appear as you progress on your journey. For example, when you don’t meet your goal one month, how will you deal with the voices that tell you that you are a failure or that you’re not going anywhere? Maybe you feel like a victim or attack yourself relentlessly.
The voices of the ego will need to be dealt with whether you are in a downswing or an abundant upswing. If you get too elated or arrogant, you may crash and need to work your way back to your center. Remember, a money master holds evenness through the ebb and flow of prosperity with much humility.
May you courageously reach for your deepest satisfaction and triumphantly live in the manifestation of your heart’s desires.
Joetta Marie Johnson is the Priestess of Finance. She partners with her clients to create extraordinary experiences of success with money. Joetta is a practical and gifted intuitive coach who helps budding entrepreneurs overcome limiting beliefs and patterns with business, money and success. She has extensive education and experience in personal and entrepreneurial finance as an auditor, controller and financial analyst. She offers individualized coaching packages in person in Boulder, Co, or via Skype and telephone. In addition, she also offers group financial programs via webinars and tele-seminars, as well as many other projects designed to help clients attain money mastery.
Editor: Sarah Winner
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