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127: 3 Money Goals To Set For 2022
Money & Me: Get anything you desire this year 5 Day Audio Program: https://www.soulrichwoman.com/money
The podcast features business leaders, celebrities and inspirational figures with guests including Gary Vaynerchuk, Sheryl Sandberg, Elena Cardone, Mary Buffett, Neil Patel, Kim Kiyosaki, Pia Wurtzbac, Gerry Roberts, Grant Cardone, Denise Duffield Thomas, Sue B Zimmerman, Jay Abraham, Robert Kiyosaki, Anik Singal, Blair Singer, Nas Daily, Dame Wendy Tan, Jacy Wee, Freda Liu, Carrie Lee, Success Resources Veronica Tan & Richard Tan and many more.
Hear more about amazing role models from around the world share their inspirational stories and practical tools for personal and professional success. In each episode, creator and host Genecia Alluora draws out the stories and deconstructs the strategies of remarkable figures making an impact. To Own & Love The F-Word: Being Fabulous, Having Freedom, Financial Independence and family.
Genecia Alluora is a former Miss Singapore, Cafe Retail Chain Owner and Southeast Asia Woman of Excellence 2010, 𝑰𝒏𝒕𝒆𝒓𝒏𝒂𝒕𝒊𝒐𝒏𝒂𝒍 𝑷𝒓𝒐𝒈𝒓𝒆𝒔𝒔𝒊𝒗𝒆 𝑾𝒐𝒎𝒆𝒏 2019. She is the Founder of Soul Rich Woman, the #1 female entrepreneur network in Southeast Asia that connects more than 200,000 women across the region in the ‘Soul F’ membership program. For the past 17 years, Genecia coached celebrities, CEOs and politicians to be seen as a leader on stage. Today, with the Soul Rich Woman Blueprint and online academy, she mentors hundreds of thousands of women to bring their business and leadership brand online. With her coaching products, academy and membership, her vision is to support 1 million women to own and love the F-Word.
[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 webclass at instant.podcastleader.com/webclass.
[00:00:19]
Genecia Alluora: A strong and independent woman is something to behold. She pays her own bills, buys her own things, and she doesn't let a man affect her stability or self-confidence. She is a Soul Rich Woman. Are you ready to be rich, doing what you love? Be on purpose and in control of your life again. And For Women Who Love the F-word Podcast, we will be openly talking about getting more clients online, getting recognition as the leader and female entrepreneur, and also the F word. Being fabulous, having freedom and financial independence. It's time to own and love the F word. Welcome to the show.
[00:01:04]
Genecia Alluora: Hey, gorgeous. Welcome to today's episode. I'm your host Genecia Alluora. Happy New Year. Now, in this episode, I want to share with you three money goals to set this year. Now, after everything that 2020 and 2021 has thrown at us. I hope your first few days of 2022 have been amazing or at least a little bit more relaxed or in the flow. How are those New Year resolutions going? Do you have a money goal for this year? Now, one of my biggest, I would say, tip for myself was to really become good at goal setting.
[00:01:51]
Genecia Alluora: Not just income goals, but a goal that will take me from where I am now to where I want to be much faster. So there are no perfect way to set goals, but today we're going to talk about three money goals you could set for yourself for a great year ahead. Now, don't resist it, because goal setting is free and I'm here to help. So, Soul Rich Woman, here are the three major areas I want you to set goals around to really transform your relationship with money. Are you ready?
[00:02:30]
Genecia Alluora: Let's get started. Step one set a savings goal. Actually, opening up a savings account and making a savings goal is a great sign to the universe that you're ready for more money to show up. And it takes a huge mindset shift to allow yourself to have excess money. Before I started getting really into manifestation and money mindset work, I used to spend every single dollar and cents that came in because it didn't feel safe for me to have a buffer or more money than I needed. At the end of the month, I was always broke, no matter how much money I made. I lived in a state of constant money stress, but it somehow felt normal to be living in that feast or famine mode. After all, that's exactly how I grew up as a kid.
[00:03:21]
Genecia Alluora: You have the permission to have more than you need. Now, this is a really big one for us women because we've been taught from such a young age that if you've got extra, you should give it away to someone else. You should share what you love, or you are being greedy. You should not keep everything to yourself. If not, you are selfish.
[00:02:48]
Genecia Alluora: We feel so uncomfortable when we have a little bit more than what we need, like more clients than we need to cover our expenses or more money in the bank than we need to live out the month. Now, this is where and when I see women start to self sabotage. The patterns can be really crazy. They may have a little bit of extra money, and instead of saving it, they will sabotage it by spending it on really something that gives them the instant gratification just to get rid of that money because they're so uncomfortable having more than they need. So set a savings goal and take action today. Start by saving just $5 a week on an automatic Gyro or automatic debit system. And if you have already saved money, increase your weekly amount. You won't even miss it.
[00:04:44]
Genecia Alluora: Step two set a goal to be debt free. Now, debt is another area that we sabotage ourselves with or we sabotage easily with ourselves with. It keeps you trapped maybe in a job that you don't like or obligated to work with clients you don't like either. Pretty much all of my 20s or an adult life, I was in a lot of debt. But that's also socially acceptable with the Pay later scheme says appearing right now online and Pay Later you can pay in three months installment plan. So all these are becoming the norm in today's society and a lot of my friends are in depth too. There's an energetic comfort level around debt that can be tricky to face.
[00:05:44]
Genecia Alluora: You might also be using your debt as an excuse to not take action in your life. When you make a decision to get out of debt, it can mean choosing a corresponding rise in your rates and income, which often brings out some of your fears and blocks and sometimes the worst devil that is within you. It takes commitment and guts to make a plan to get rid of that and then follow through with it. And you need to support yourself as much as possible in every way you can. It's such a great feeling when you don't owe anything to anyone. You are under no obligation and you are not trapped to do things just because you have to pay off debt. Getting off debt is a mindset and maintaining a debt free life takes commitment to taking both practical steps and mindset supporting steps to support you.
[00:06:43]
Genecia Alluora: The first step is to get really honest with how much debt you actually have or already have. Okay? Face it in black and white then like the savings account, set up a direct debit or Gyro to pay more of your debt, even just $5 a week. Now I've got to say about this topic, I've got a lot more to say because I've gone through it, I've overcome it. So check out my website for a specific technique for this, okay? But make sure you have being debt free on your goal list for this year. Step three, set an income goal. Okay, but not just your overall goal, like a million dollars, okay? I want you to set goals around different income streams in your business.
[00:07:46]
Genecia Alluora: In particular, set a total revenue goal and a passive income goal. If you have been wanting to create more passive income products like a book or a course, then it's probably not going to happen without setting a clear or a really crystal clear intention to do it. Because you're probably going to face some resistance and money blocks around it because there's definitely underlying guilt, heartbreaks, jealousy, power struggle that is going to hold you back and therefore it will not be as easy. So how much of your income this year would you like to come from these passive income sources? Don't just try and do everything you might not be able to write five books or create two courses this year, or create two new programs this year.
[00:08:38]
Genecia Alluora: Just pick one and start small if you have to also create momentum in the things that you are doing. It's never just waiting for the next big thing. It's about doing the small little things and taking small steps forward to the bigger goal. So you could package up some of your latest or best blog post and create your first book. You could take up your one to one work and package it up into a short course. My very first passive income product was a $47 course that I filmed using my phone and pretty soon that course made me 1000 a month. And then it helped me to free up some time, free up some clients and get me, I would say, a stream that of income that I have never thought of even having. Which in turn gave me more time to create more passive income.
[00:09:35]
Genecia Alluora: So where should you do these goals? Do you need a fancy like multi million dollar system? No, actually you just need to use a simple goal setting diary or a project management tool like Asana or Trello. And repetition is key. Every day you could write something like I am now debt free, I have X dollars in my savings and I make Y dollars a year in passive income. If you are feeling organized, I also recommend that you start a simple spreadsheet. And I mean simple don't procrastinate plan, which most of us do the moment you hear oh, I need to use another software, I need to use another spreadsheet, or maybe I'll do this later.
[00:10:30]
Genecia Alluora: Okay, just simple. Open up your Google spreadsheet Excel worksheet and just have one keep it really simple kiss to track your debts, savings and passive income.Plus, when you make more income, you can pay off your debt quicker and fill up your savings account too. Play win-win. And that's how you win in your income and win in your F word. I can't wait to hear how it changes your life. Let me know if you enjoy today's episode.
[00:11:08]
Genecia Alluora: I have a free gift for you. Go download Secrets of Personal Branding and how do you delegate 80% of your to do list so that you can make money online while focusing on your zone of genius? Go to SoulRichWoman.com. What you really need is a simplified plan that focuses on money making and client attracting inspired actions online. Join our number one leading female entrepreneur network club in Asia. There are monthly business masterclasses and office hours by the mentors. Special guest experts on all the topics you need to build a business and life you love. Your just an F-word away from the life you want, the marriage you want and the family that you want. This is a no contract membership and it's only $12 a month. You can cancel your membership at any time. You've got nothing to lose. Check it out at SoulRichWoman.com. 10X your financial independence today.
[00:12:19]
Genecia Alluora: Thank you for joining me today. I would love you to connect with me on Linkedin, Facebook, or Instagram and share with me your thoughts on today's episode at Genecia Alluora. Alternatively, you can send me an email at hello@soulrichwoman.com. I have a free gift for you on our website. Secrets of personal branding and also how do you delegate 80% of your to do list to your assistant so you can make money online and focusing on your zone of genius? And that is available at soulrichwoman.com. Join the number one leading female entrepreneur network in Southeast Asia, connecting more than 200,000 women across the region. Be a Soul Rich Woman. Dream to shine. Woman leader, leader activated. Alone, you are strong. Together, we are unstoppable.