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102: How To Track Your Income To Create More Abundance
Do you feel like you don't have enough money? Don't have a handle on how much you're going to make or spend? Feel like you're not achieving your financial goals but you're not sure why? Well, I’ve got some great news for you!
I have a very simple daily habit that has completely changed my relationship with money. Not just mine, but as well as in the Soul Rich Woman community. Some women would tell me that, “Genecia, I didn’t believe you but I did it and wow you’re right!” Stay tuned in this episode if you want to change your money habit!
Free Resource: "Soul Why: Soul Rich Woman Blueprint" and "How to Delegate 80% of your to-do list" ---> https://be.soulrichwoman.com
Money & Me: Get anything you desire this year 5 Day Audio Program: https://www.soulrichwoman.com/money
I believe we can change the world. But first, we’ve got to stop living in fear of being judged for who we are.
Hi I'm Genecia Alluora, Founder of the #1 Leading Female Entrepreneur Network in South East Asia supporting 1 Million women to Own & LOve The F-Word. Being fabulous, having freedom, financial independence and Family.
With a challenge to women everywhere to stop TALKING themselves out of their dreams, Soul Why? Secrets of The Soul Rich Woman Blueprint identifies the excuses to let go of, the behaviours to adopt, and the skills to acquire on the path to growth, confidence, and believing in yourself to be recognised as a leader online. Get clients online and to have more impact on the world!
Stop Believing THE Lies ABOUT Who You Are so You Can Become Who You Were Meant to Be. You're Just an "F-Word" Away from The Life You Want, The Marriage You Want... The Family That You Want, Is Going To Be Fueled By The Business & Life You Build ... Join me, become a Soul Rich Woman. Alone we are strong, Together we are unstoppable!
Ask Me Anything & get featured on the podcast: https://podinbox.com/genecia
[00:00:00]
Genecia Alluora: This episode is brought to you by Instantpodcastleader.com, the leading platform to launch your podcast in 48 hours and make it profitable. Get your free audiobook and free web class at instantpodcastleader.com/webclass. I believe we can change the world. But first we've got to stop living in fear of being judged for who we are.
[00:00:27]
Genecia Alluora: Hi, I'm Genecia Alluora, founder of the number one leading female entrepreneur network in Southeast Asia, supporting 1 million women to own and love the F word. Being fabulous, having freedom, financial independence and family. With a challenge to women everywhere to stop talking themselves out of their dreams. Soul why - Secrets of the Soul Rich Women's blueprint identifies the excuses to let go of the behaviors to adopt and the skills acquire on the path to growth, confidence and believing in yourself to be recognized as a leader online, with clients online, and to have more impact on the world. Stop believing the lies about who you.
[00:01:11]
Genecia Alluora: So you can become who you are meant to be. You are just an F word away from the life you want. The marriage you want, the family that you want is going to be fueled by the business and life you build. Join me. Be a soul rich woman. Alone, we are strong. Together we are unstoppable. Welcome to the show.
[00:01:35]
Genecia Alluora: Hello, gorgeous. Welcome to today's episode. I'm Genecia Alluora, your host, and I would like to share with you today's topic, how to track your income to create more abundance. Now, do you feel like you never have enough money? Don't have a handle on how much you make or spend? Feel like you're not hitting your financial goals, but you're not sure why? Well, I've got some good news for you. There's a very simple, not scary daily habit that's changed my relationship with money. Not just mine, but lots of women in the soul rich woman community pretty much daily. Well, some women tell me that. Genecia, I didn't believe you, but I did it. And wow, you're right, well, I usually say yes, we are always right. But I often say this to my partner. You're going to just do what I tell you eventually. So can we just keep this resistance part and you just follow the instructions in the first place?
[00:02:37]
Genecia Alluora: Okay, enough of curiosity baiting. Now, what's the one daily habit? Are you ready? Now the life changing habit is tracking your money. Every single dollar and every single cent that comes into your life. Yes, I'm not joking. Wait, where are you going? Please don't off my podcast now. Don't walk away. I can hear you saying that. Oh my God. You know what Genecia, I tried that. It didn't work for me. It's so boring. I hate accounting. I have people who do that for me, Genecia. Okay, please wait. Now, this isn't just about doing more accounting, okay? You totally should be doing that anyway, and probably by someone else. I don't care if you enjoy it. Outsourcing that stuff so you can focus on making money, not organizing it. Now, this is an altogether different process, one of mindfully tracking, what comes into your life.
[00:03:43]
Genecia Alluora: Now, accounting is based on facts, numbers and figures, right? Money tracking in the manifesting sense, like no manifesting money is focused on gratitude, awareness, and increased abundance. Even if you've tried it before, try it again. Try it every day for a month and then let me know. Write to me on Facebook, instagram or LinkedIn, tell me. I'll get my smiley face ready for you. Now, how does tracking change your abundance. Now, humans are great at making up bullshit stories. Really. Women in particular tend to make up stories about our ability and most of all, our deservedness to earn more money. Stories like, I'm broke. I don't have money. I'm in debt. There's literally no money coming in, no clients, nobody buying my stuff. I guess I'm just not cut off a business. The universe don't like me, Genecia, I'm not like you.
[00:04:51]
Genecia Alluora: I'm not lucky like you. I do have things like you. I'm not a Miss Singapore like you. The money tracking daily keeps you mindful of what actually goes on in your life, helps you appreciate the abundance around you, and sometimes gets your butt into gear to make more money. But you know what? It stops you from feeling bad about money and making up stories about your ability to earn money. I remember reading a quote by Robin S. Sharma. He says, what gets measured gets improved. In fact, my mentor, Boy Al and James We also tells me the same thing. What gets measured gets done. So when you track your income in very specific soul rich woman ways, you will notice that increased awareness causes you to change your behavior in positive ways. Plus, the way we do it enhances one of the most powerful emotions for manifesting gratitude.
[00:06:01]
Genecia Alluora: And when you feel good about your money, you generally start attracting more of it. Have you noticed that it often works in reverse too? When you feel shit about your money, you sometimes manifest unexpected bills, fines, and also debts. By the way, isn't it funny that Track and Attract sounds so familiar? T-R-A-C-K, A-T-T-R-A-C-T. Both are familiar, right? So I just want to say that I hear this a lot. You start tracking and then suddenly you're finding money everywhere. How? Why? Is it magic? No, it's like anything when you train your brain to look for it, right? Like when you fall in love with a particular car and then you see them everywhere. It's like a selection bias. It's a well researched phenomenon. When you're pregnant, you keep seeing pregnant ladies everywhere, and you keep seeing baby stuff everywhere.
[00:07:09]
Genecia Alluora: Think about that. So make it work in your favor by training your brain to look for opportunities to find and make money. So how then do you track money? The soul rich woman way, or I say the secrets of soul rich woman? Well, there are some little things that you might not have tracked before. I talk about tracking two different things, okay. Number one, track your cash. All of it, down to the last dollar and down to the last cent. Because in your normal accounting process, you will track your business as personal income separately. However, when it comes to tracking money for manifesting purposes, you combine them. Why? Because one of the big mistakes that women make is what compartmentalizing money or having rules around what's real and what's not many women have actually hit their financial goals without even realizing it. Sometimes, even for myself, I forget I hit my goal. Like, I can bring in $100,000 in a month, right?
[00:08:17]
Genecia Alluora: And I forget about that because I don't combine the money. I just think, okay, separate. But you know what? It is important to do that because it might have come from different sources that you wanted to, but money is still money. You are getting pissed and angry at the universe for not helping you. And the universe is going like, hello, lady, you've done it. So the universe doesn't really care about the source, but what you really put together as a big picture. So tracking made me realize that I've been consistently reaching my money goals for months, and it just wasn't showing in ways I was noticing. So if you don't track and understand the rationale, that can be leading to frustration and self blame and guilt, because again, you start to make up stories about your ability rather than seeing what you've already achieved.
[00:09:12]
Genecia Alluora: So you're probably miscounting your true abundance by putting your head in the sand like an ostrich, putting the heat underground and compartmentalize your money. Have you ever thought of any of the following? It only counts if it's earned from something I like doing my job income doesn't count because I really want to be an entrepreneur. Mine is only a hobby business. My partner earns the real money. I didn't hit my goal, so what's the point of going again? Yeah, I mean, this month is good, but it was because I'm just lucky. That project client payment was way too easy. I didn't earn it. If a client gives me cash, it's not real income. My business income doesn't count because it's a small amount. No need to count. It's too small amount to even talk about it. PayPal money isn't real money. Stripe money isn't real money. FAM cut money isn't real money. But my parents gave me that money. It doesn't really belong to me.
[00:10:27]
Genecia Alluora: So track all income and cash. Every single thing, every coin you can find, every source of job income, every monetary gift, interest free money, PayPal money, easy money, cash money. Because money is money. You don't have to be super 100% accurate. And this is not an accounting exercise. Remember, you won't be using this for tax purposes. This is for manifesting purposes, and it will change your life. Money tracking has been a game changer for myself, okay? And this is such a common thing. Remember, you might have already hit your goals and you don't know it. You are just counting money from one source, and it's not a true picture of your full abundance. So then the question is, Genecia, how often should I track my money? Well, I would say do it daily, because it's easy to get out of the money habit and forget. I actually do mine multiple times a day. And just look at it, because each time I record my income, I feel grateful and I feel excited.
[00:11:40]
Genecia Alluora: So what if no money is coming in, Genecia? Well, don't think that this exercise doesn't apply to you. First of all, it might be coming in and you're just not counting it. Or second, you just feel broke or no money because of the current challenging times, instead of focusing on abundance and gratitude. And we know from the law of attraction that the more of what you already have, if you feel broke, it's hard to get out of that mindset. All of your reality tells you the same thing. You might stay in denial, stop opening your bills, or feel powerless about your financial situation. So you behave in ways that don't serve you. You don't have the forward motion to create a positive action. But you do have to do something about your mindset, because how else are you going to have the energy, motivation, and self belief to do anything about it?
[00:12:40]
Genecia Alluora: So remember, seriously trend your money and work on your mindset is to achieve the F word. Freedom, financial independence, fabulous and happy family. So what have you got to lose? And that brings me to the second form of tracking. And this is going to be a super fun one. Number two, track anything of value. Now, every time when you get something free, track it into your value column. Because if you can value it, add it. For example, if your friends buy a few coffee or buys you cheesecake, like what Joanne did for me, she drove from Drawn to the Summit, and she bought cheesecake for me. So add the cost of that into your value column. You got an unexpected discount on something that you were already buying. Add it to your value column, you get something for free, add it to your value column. Now, why is tracking value so important? I noticed a lot of my soul rich women are insanely good at manifesting.
[00:13:44]
Genecia Alluora: In fact, a lot of women are. They are brilliant at attracting what they need when they need it, usually by the very skin of their teeth at the very last minute. Unfortunately, still, for a lot of women, they don't manifest the actual money. They just manifest like people buying them a Chanel bag, for example, or buying them a car. But you see, because it's like a massive block where the universe takes care of them, but without the need for money to go through their hands at all. Now, I used to be exactly like this, right? I once have people giving me stuff because I was Miss Singapore, right? Half a million dollars worth of free stuff in one year, from makeup to skincare to clothes to shoes. Everything from heat to toe. Even hair services. Okay, really.
[00:14:35]
Genecia Alluora: But I hardly earn any actual money. I just want to say that when you track your value as well as your cash, it serves two purposes. Now, write this down gratitude and reality checked. The first one is gratitude. When you're feeling broke about not having actual cash, you can feel gratitude for the fact that you are still able to create abundance, and it makes you feel lucky and taken care of. For Reality Check, if you are regularly attracting more value than money, then it's a huge reality check to focus on your manifesting. Are you spending more time on trying to win competitions, or get free stuff, or get more sponsorships and butter trading and collaborating, rather than focusing on making actual money in your business? The reality check was a huge one for me. Partner trading, collaborating, getting sponsorships. Once I realized I was a total superstar at manifesting all these things, I didn't have any actual cash in my bank account.
[00:15:45]
Genecia Alluora: I really have to really look at my actions and what I was really doing. So I used to be the queen of sponsorships. I was in Singapore. I had all the stuff that people give me, brands who give me, companies who give me, and I actually procrastinated on actual taking real income producing action in my business. So, you know what? This was a game changer for me. So, yeah, I mean, I'm not saying I don't take free sponsored stuff anymore. I mean, who doesn't like free food, free makeup, free hair products, hair services, free bags, free clothes and free shoes? I'm just saying that the intention and the focus is incredibly important. Plus, I noticed that when I was getting free stuff, I just took what was given, regardless of my own personal preference. After all, I mean, it was free. And nobody wants to be ungrateful. Get what you are given was definitely drummed into me at a young age.
[00:16:54]
Genecia Alluora: You, you know what's better than free stuff? Having the money to buy the actual, exact real thing you want. Where your attention goes, your energy flows. Where your intention goes, your energy flows. So the questions I want to ask you is. Does interest and dividends count? Yes. Money is money. Does money I find on the street count? Yes, money is money. Thus, my partner's income count. Now, if your intention is to make more of your money, then no. If you are doing this experiment as a couple and you don't care who is manifesting the money, then count everything you manifest as a couple. Okay? Do loans count as cash? No, only if it's a gift. If not, you have to pay it back. Do I track expenses as well? Yes. You should totally keep up to date with your expenses. Preferably with, like, an online system, like wave apps or zero or with your accountant.
[00:18:12]
Genecia Alluora: Remember, this isn't to replace your accounting, okay? This is the purpose for you to increase your awareness of money into your life. Now, does butter trading count as value received? Well, if it's a straight direct exchange, it's not. Too many people get confused about this butter trading shit. Because if you receive more value than you gave out, then add the difference into your value column, all right? By the way, not buttering anymore will change your life. Trust me on this. Really trust me on this. Stop buttering will change your life. Stop collaborating. In a way, it's butter trading. Don't hide collaboration in the name of butter trading. It will change your life. Trust me. Other questions? I would say use your gut. You can't really screw this up. Now, if you make a decision on how to track something, just be consistent. If it was about accounting, that would be an exact process, but it's not.
[00:19:26]
Genecia Alluora: The intention is more than doing it perfectly. If you procrastinate because you're worried about screwing it up, you're missing an opportunity to change the way you think, feel, and take action on your money. Now, how to track? Is it by an app, Genecia, or spreadsheet or what? Well, there are three different ways I've done my money tracking since overcoming my six figure debt bankruptcy. All these are important because your method is entirely up to you and your personal preferences. But it works for me. So I just want to share with you as they don't need to be very fancy. So number one, paper tracking. You can just use a paper with 31 lines to eat, one for each day. You can use a pen or pencil to put in your totals at the end of the day, it's super easy, although it's a little bit harder for you to attract a lot of different types of money each day. Well, this was my very first method of tracking. It was easy and motivated because I can write, I can see it, right?
[00:20:34]
Genecia Alluora: The other one is Spreadsheet tracking. So I like to use an online Google Docs that I can assess from all my devices. So I update it several times a day. I keep track, I add up the numbers so it just looks good. I also love being able to see it at a glance where I am looking at whether it's daily, monthly, or yearly goals. The other one is iPhone app tracking. There are many different awesome expenses apps out there, so it's just for you to track for manifesting purposes. It's not really to track your expenses until you become the accountant. So I really want you to tell me on Facebook, LinkedIn, or Instagram or leave a review. Rate, review and subscribe this podcast show. Tell me how you feel about money and take notes, okay? All right, so happy tracking, my dear. I love you so much. Thank you for being here, thank you for being my listener and subscriber of this podcast show, and I look forward to speaking with you the next one. Bye for now.
[00:21:55]
Genecia Alluora: The key to unlock consistent success. The key to unlock that diamond within you. No other things involved. This is what you need to do and must do tonight. You can do it because I've done it. As long as you have a mentor who can take you from where you are now to where you want to be, you can shortcut your success. You can be different in order to make a difference. Turn your talent into your business. Turn your passion into a paycheck by being you, by being you and owning you. Give yourself a second chance. Never say no to your failures. As a woman, we have the power in our hands. Never let your fears hold you back. Quit thinking and start doing. Life is really short and keep pursuing what you truly ever wanted to achieve. Women come together. Alone, we are strong. Together, we are unstoppable. The Soul Rich Woman Blueprint is going to be transforming your life today, yesterday, last year. Because you took action today, I'm going to say more power to you.