Girl I checked my bank statement and saw that in one month I spent $875 on eating out alone. How ridiculous is that. I cut back and now I’m investingin myself💜 love love love your videos
All Facts! I didn't start paying myself until this year after having a brand for 1 year. I reinvested my money back into my business and it truly helped scale it. I also don't have many expenses, so I'm able to enjoy my salary...finally, lol!
This video was well needed!! Especially for me and quitting my 9-5... I’m also in metro Detroit and currently positioning myself to be a real estate investor.... I will most definitely be reaching out to u for your services
Wow I LOOOVE your advice on how you pay yourself! I never thought about just expensing a percentage of my earnings to cover food / gas for the month. I've just kind of pulled money as I needed it - yikes! Thank you for this video!
This is good info. I quit my job 6 months ago to become a Realtor. I am struggling! Between keeping up with my bills, investing in my bills and real estate fees, Im already considering going back to work. Maybe for 6 months to a year to stack up and try again.
OMG!! i am so happy i found you. I def needed to hear this. You are a blessing. I have been in corporate America for 15 years and have been contemplating taking the leap into enterprenurship!
Take the leap but make sure you have at least a year worth of expenses saved up. I'm not sure if she mentioned that. I worked for a company for 10 years and quit last month to pursue my business full time. Best decision I ever made. Good Luck 😊
Great video!!!! I am far from an entrepreneur but it’s my goal before 25. I find your entire channel incredibly inspirational. I am a major in “Digital innovation and Communication” and no one ever knows what the hell I’m talking about when I explain my career goals. I love that there’s a RU-vidr who calls herself a “digital content creator and videographer” OUTSIDE of RU-vid! I think people create an automatic “oh you wanna be a RU-vid star” mindset. I love seeing someone be a content creator in “the real world” for a lack of better words. I’m ranting but seriously been binge watching the channel a few days now. You give me a sense of what I want to do can actually be a reality. Thanks so much!!
I would love a video on how/when to invest as an entrepreneur. Like a retirement account, and things like that. Also, I love your videos! They have been very helpful!
I had to pause this video to say what a brilliant idea to pay everything upfront! I thought that psychologically I would feel better paying small amounts for months. But it makes more sense to get it out the way so you don’t have to worry about it!
Grrat advice! I'm so glad you brought up the idea of typing up an agreement. Guys, you can literally spend 15 mins or more to draft the expectations of your service/product/payment (withOUT) an attorney or notary and it still be legally binding once both parties sign! Protect yourself without breaking the bank! *So you can start getting paid for doing what you love. It's also Ok to Google examples of the type of agreement you're looking for.
I think its game changing when business owners plan their financial goals, and then monitor them weekly. This really helps drive performance by getting focus on the ultimate goal, of making profit and cash! This really helped me clarify my message in my latest video, thanks!
Thank you for this video! One of the biggest questions I wanted answered was when to pay yourself. I like your strategy on giving yourself an allowance because then you don't misuse the money you need to make work. I will definitely approach my family business with this option.
I'm so happy I ran into your channel. I need this advice because I was really contemplating quitting my job. I've had to have a rethink tho. This was so helpful 😌
I'm in between launching my business. So watching my savings go down is tough. I'm all new to this so I'm learning along the way. it's both scary and exciting 😨
I love this!! I’m getting so anxious to quit my job, BUT I know I’m still not ready for that step. So definitely going to start looking into getting a part time job instead.
Hi, love your videos very imformative. Could you go more into detail about what taxes, permits and licenses are required to start an online business? For instance, my daughter and I have made several attempts of starting a jewelry business but have ran across many hick-ups due to not understand the business admin end of it. The internet is over-saturated with confusing and conflicting info so its easy to get stuck or stop out of fear. Not knowing how your taxes will become affected at the end of the year, not know how to find a quality wholesaler, eCommerce site, finding customers all can take a toll on your mental ability of launching a business. Thanks.
Thank you so much for making this video. I was struggling with the idea of creating a business account for my RU-vid channel. Especially since I really just got started. But now I see that it is important to keep your finances separate, my question is though: do you save your taxes in your personal savings account or a business savings account? Thanks again.
I just really want to say Thank You Erin 💕 Thank You for being phenomenal and doing a phenomenal job!! Always stay true and God Bless You always!!!! 🙏🏾😘
Erin, i love you and you inspire me alot but i've noticed on your recent videos that you had TOO many ads. I'm definitely fine with it tbh since i want you to get some coins, but I had about 3 ads JUST for this video and it's getting annoying.
Heyyy! Glad you love my content! This is a touchy subject for creators who spend tons of hours creating video content. I try to be conscious of ads and tried spacing them out a little differently in this video. Will take your feedback into consideration xo E
@@ErinOnDemand absolutely! just really want to give a heads up since i also don't want you to lose subscribers and receive hate because of it. Thanks for taking it professionally, wishing you the best! 😊💛
Our finance challenges... trying to get my partner to understand the difference between frivolous spending and supporting your people. I'm having trouble getting us on a budget. Separating personal from business expenses. Mannn.... the list goes on. I'm hoping to learn how to balance my partner's business, my businesses, home life, and a full time job. HEEELP!
LOVEEEEE YOUR VIDEOS SIS!!! TRUE DEFINITION OF BOSSBABE!! THANK YOU FOR BEING SO AUTHENTIC AND GENEROUS IN SHARING GREAT CONTENT. YOUR VIDEOS GAVE ME STRENGTH!! #realqueensfixeachotherscrown
I was mixing business money n personal.wasnt recording everyday,do have bad spedning habits like everytime im done selling il buy myself to eat cos il be soo hungry..now i dont gave enough to buy stock.i feel like every cent i make i use to mske up stock..what should i do?? I dont wana take out a loan..i already used my savings to try make up stock n i havent even replaced that
Impulsive spending is a major challenge in my life, as well as take outs a little more frequent than I wish due to busy schedules w the family at large. Great tips though tfs so I hope to review spending habits closer in the short term ( I've been recording receipts for some time now) w view of adjusting finances before making any other decisions...
New subby here and girl I'm feeling your videos. I'm so glad I came across your page. BTW I love your hair!! Your gorgeous 🥰🥰 females empowering females 💕
