Moneyology With Jo Outram: Recent Episodes
Jo Outram
Money Mastery For Achieving Financial Freedom - Helping you to change your relationship with money, from your mindset to how you manage your money. Learn tools and techniques to help you improve your money mindset, and break free from limiting beliefs so you can grow your business and attract more wealth into your life.Get practical tips on how to manage your personal and business finances so that you have all the bases covered and can build your wealth on a strong financial foundation.
Ready to create your own empowering wealth affirmations?
You are? Great.
In this episode I explore nine steps for creating powerful wealth affirmations:
1. Take Control with “I Am” Statements
Affirmations are much more powerful if they start with the words “I am.”
2. Keep it in the Present
A powerful affirmation puts you right in the middle of what you want to achieve right now.
3. Keep it Positive
Keep the focus on want you want, not what you don’t want.
4. Keep it Brief
Keep your affirmation short and focused.
5. Keep it Specific
A powerful affirmation is focused on precisely what you want.
6. Include an Action
Powerful affirmations have energy.
7. Include a Positive Emotion
If your affirmation is going to make you feel good, you have to evoke the positive emotion you want to feel.
8. Stay Attentive to Yourself
The most potent affirmation are the ones you make for yourself.
9. Create an Affirmation Habit
Like any new behaviour, affirmations are most powerful when they are repeated regularly and consistently.
Include positive affirmations that are part of your regular routine and manifest the life of your dreams, a life of financial freedom.
- Do you want a life where money comes to you with ease & grace?
- A life where you’re not afraid of those bills arriving every month?
- A business that is a joy to work in, providing you with a level of financial freedom?
Well, it’s possible, not just for other people, but for you. You can be a money magnet! Being a money magnet might sound like an impossible task, depending on where you are right now in terms of your finances, but it is achievable.
In this episode I explore my 5 steps to becoming a money magnet:
1. Decide you can be a money magnet and define how this looks like for you.
You need to want to become a money magnet and believe that it’s possible. One of the most important ways to keep your mind from baulking when you begin the mindset switch is to feel wealthy now. How do you imagine your life as a wealthy person?
2. Be aware of how you think about money
You need to be aware of your money story, which is in fact a collection of stories, that you collected in your childhood and have then formed them into your ‘facts’ about money, wealth and abundance.
3. Understand your money DNA
We each have a money personality profile. Understanding this profile, so you can work with your challenges (and put strategies in place for overcoming them), use your natural gifts and strengths in your business.
Free money personality profile quiz (Sacred Money Archeypes® >> https://jooutram.com/sacred-money-archetypes-quiz/
4. Be aware of your money blocks and work on them
Identify the attitudes and beliefs you have around money and see how that are keeping you and your wealth small.
- Take mindful action (Strategy)
It’s wise to show the Universe you mean business, and one way you can do that is by taking action that continues to make you feel great about how you are handling and growing your money.
To find out more about how I can help in any of these areas then follow the link to learn more about my online program >> https://financialfitnessclub.simplero.com/moneymagnet
In this episode, I talk about how to set up your small business to be financially healthy - from the viewpoint of making sure that you put profit at the forefront of everything you do in your business.
What you need to do is to establish a minimum profit level of the business This is the profit level you desire after you have paid yourself your consistent salary level.
And before you make any other allocations from the sales income for the month you allocate profits by transferring them to savings.
Then we follow a simple system:
- profit allocation into a savings account
- tax allocation
- pay yourself - your consistent salary
- pay your other employees
- pay your ongoing costs - website, accountant etc - costs that are fixed
- what's left is for expenses
In this episode, I'm talking about viewing yourself and paying yourself as an employee of your business. It doesn't matter whether you run your small business through a corporate entity or are self-employed - viewing yourself as an employee and treating yourself as an employee helps to create a financially healthy business.
Whenever you take on an employee, you would think "how much can I afford to pay this person?" You need to think this way about yourself too! Every employee needs a consistent salary - so do you!
Listen in to discover more.
In this episode, I'm talking about dealing with cash flow fluctuations. When it comes to cash flow, many businesses don't have an even flow of cash, instead, they have a real mix of high and low-income months.
Whatever the reason it's pretty normal to have good months and bad months... what you need to do is have a system for letting money accumulate in the good months, and then pay yourself in the bad months and have enough money to cover all your expenses.
The important thing to note here is that cash flow should be evened out in your business and not in your personal budgeting.
Listen in to discover my tips for dealing with your cash flow fluctuations.
If you want to set up your small business to be financially healthy then you can't ignore your money mindset.
Money mindset encompasses so many aspects:
- Your habits
- Your behaviour
- Your strategies
- Your beliefs
Understanding how you 'do' all these areas of money mindset goes a long way to ensuring that your business will become and remain financially healthy.
In this episode the money personality profiling tool (Sacred Money Archetypes®) is mentioned - you can obtain your free money profile using the link below.
https://jooutram.com/sacred-money-archetypes-quiz/
In this series of 5 episodes devoted to looking at how to set up your small business to be financially healthy, we will be looking at business bank accounts, and how keeping your personal and business finances separate makes good business sense.
Some small business set-ups require you to have a separate business bank account, but if you don't need to do this then it makes sound financial sense to do so and is the first part in creating a financially healthy business.
In the next session, we'll be discussing the money mindset of a small business owner.
In this episode, we explore the 10 key money rules to live by when setting the foundation to creating wealth and abundance in your life.
By the end of this episode, you will know what areas you need to work on in order to get your finances in order and ensure your wealth foundation is built solidly so you can cope with whatever life throws at you.
To summarise the key money rules are:
1 - live below your means
2 - create a saving strategy
3- create and implement a budget
4 - track your finances
5 - pay down debt (especially high-interest debt)
6 - ensure you are covered for emergencies
7 - start planning for your retirement
8- create money goals for the short, medium and long term
9 - make use of tax-efficient schemes
10 - have money conversations!
You have big money goals in your life. You might have even heard that using visualization can help you reach those goals quicker. But you still hold back. Why? The most common reason: you don’t have enough time.
Well, who has enough time? Many people feel like they don’t have enough time to get the things done they want to. Between work projects, family obligations, the need for a social life, and a little thing called ‘sleep,’ the day tends to slip past without exactly giving you extra hours in the day to use on something so time-consuming as visualization.
Right?
In truth, you can use visualization for success in less than 30 minutes a day!
In this episode, I explain how ...
✔ Start out relaxed
✔ Stay fixed in reality
✔ Focus on what you need to do, not just your destination
✔ Use all of your senses
Daydreaming, with purpose, is a skill that anyone can develop. But why would you use this technique to help you improve your money and business success mindset?
Here are the main benefits that are explored in this episode:
✔ Increases motivation
✔ Builds self-confidence by making the unknown known
✔ Improves creativity (a skill every business owner can benefit from!)
✔ Helps in clarifying your goals
✔ Helps in developing new skills
✔ Helps you to leap over any blocks or limiting beliefs that have been holding you back
To discover more about using this technique to step into your power of being financially empowered >> bit.ly/bamm3
How good you are at being a natural saver, depends on your money personality. Some of us are just more natural savers than others. But no matter what your personality profile, you can start to save money.
In this episode are 5 tips for starting to save, particularly when money is tight.
1. Work out how much you can save on a regular basis - your budget will help you determine this!
2. Review your expenses and cut out any spending that is no longer needed. You can then save these amounts.
3. Start a savings jar and become accustomed to having spare cash. This is a great activity to get the kids involved in!
4. Save any windfalls, bonuses or money from the sale of unwanted items.
5. Operate a simple savings strategy, increasing your automatic, regular, savings by ten per cent every 90 days.
Journaling is a well-used tool, but it's often overlooked when working with financial matters. Journaling is also a powerful tool for recording your thoughts and strategies for your financial success, along with working out what financial success looks like for you.
In this episode you'll discover the 4 principle benefits of using journaling on your journey to financial freedom:
Journaling helps reduce financial anxiety -The act of putting your feelings on paper helps you to manage your anxiety and stress levels better.
Journaling improves your cognitive skills -Developing a journaling habit helps your mind to function more efficiently.
Journaling helps you meet your goals -Studies have found that you are 42% more likely to achieve your goals if you write them down!
Journaling inspires creativity - When you are working on growing a business, making it more profitable, and you are working towards achieving a level of financial success that will give you the freedom you desire, getting creative is a key skill.
In this episode, I look at the Science Behind the Power of Affirmations and why they are good to incorporate into your money mindset work as well as other areas of your life.
Affirmations are more than motivational slogans on social media memes. There is plenty of scientific evidence to show how and why affirmations work on your unconscious mind. The research that supports the use of affirmations tends to fall into two camps: psychological theory and neuroscience.
Science shows us that we have nothing to lose and everything to gain by using positive affirmations daily.
For the free report on using affirmations, use this link >> https://financial-fitness-club.simplerosites.com/dailyaffirmationsreport
For more information about working with me then go to www.jooutram.com
For small business owners, wearing the hat of the Chief Financial Officer, is either something they ignore or feel a lack of confidence in carrying out the role, preferring instead to wear one of the many other hats.
BUT having sound financial control lies at the heart of successful businesses, from the smallest to largest companies.
So how do you keep score with your business finances?
There are only three main scorecards you need to be concerned with. In this episode, we take a look at these scorecards and how you, as a small business owner, can use them to take control of your money.
Warren Buffet : "If you can't read the scorecard, how do you know the score? How can you tell the winners and losers?"
Deciding to become wealthy is an easy decision to make, you can make it in an instant.
Starting the journey is more difficult.
You need to know where you are going and what you need to do to start the journey, building a solid foundation.
In this episode, we take a look at both these areas, with tips to get you started on an action plan to understand your destination, with what wealth/financial freedom means to you, and the practical money habits you need to develop to ensure that your wealth foundation is solid.
What are Affirmations? And How do They Work?
Simply put, affirmations are anything you say or think. They make up a large part of the mind-talk that everyone has running in their heads all the time. We all use affirmations, though we don’t do it consciously. This allows our default, negative thoughts to run our lives.
Using positive affirmations allows you to change the way you think, to move away from the negative thoughts. You can use positive affirmations in any area of your life, and they can certainly be used as one of the tools for upgrading your money mindset.
In this episode, I explore exactly what positive affirmations are and how you can use them in the work to upgrade your money mindset.
As a small business owner, you have to wear many hats, including that of Chief Financial Officer (CFO) - and that task includes knowing how much it costs to run your business each month.
In this episode, I share with you one of the tasks you can undertake to start to take control of your business finances and be able to answer the question: Do you know how much it costs to run your business?
Financial anxiety is when you feel stress or worry about dealing with money itself and sorting out your financial affairs. It is normal to feel anxious about money when things are not going well, but financial anxiety is not just a condition inflicted on those with a lack of wealth. You can be wealthy and still feel anxious around dealing with money and finances.
In this episode I explore the some practical tips as well as looking at the emotional side of money.
In this episode, I'm exploring how to include EFT in your money mindset upgrade programme, Now, you might have heard of the Emotional Freedom Technique (EFT) before but it's been around for many years, and it's a technique used to help with everything from pain relief to stress or anxiety. But what you may not know is that EFT can also be used to improve your money mindset.
Discover the 5-step money mindset upgrade process which includes EFT, that you can start using today.
To explore working with Jo on a one to one basis, head over to www.jooutram.com or to learn more about the Become A Money Magnet eCourse head over to https://bit.ly/5bamm
Have your affirmations become a little stale?
Maybe they're just not working as well as they used to, or perhaps you've even slacked off a little. It happens to many of us who like to use affirmations as part of our daily routine.
Int his episode Jo explores 5 ways that you can check in on your affirmation practise and get back on track.
For a copy of the free Report: Difference Makers - Creating affirmations that make a difference in your life
Download your copy here >> https://financial-fitness-club.simplerosites.com/dailyaffirmationsreport
In this episode, Jo explores the 5 steps you should take when you are making good sales but are not enough profit in your small business.
These are practical steps that you can take even if you don't use the services of a financial coach, accountant or bookkeeper.
To find out more about how Jo can help you, then contact her via the website:
www.jooutram.com
If you look at the profiles of wealthy people, you will find they have a different mindset than others.
They know the value of money, and they know the fundamental factors of making their money grow.
If you are not yet wealthy and feel you are struggling, take some tips from these wealthy people.
Financial health often gets overlooked from our self-care routine. Do you include dealing with your finances as part of your self-care routine?
Selfcare is a reframe of how we view the world and how we tackle the things we don't want to do. Reframing the way we approach our finances can have a lasting effect on our wellbeing.
In this episode, Jo explores financial self-care and ways in which you can be ensuring you look after your financial health.
You can find out more about Jo, her financial coaching packages and financial education products on the website www.jooutram.com
Entrepreneurs tend to be big dreamers. People who aren't like us don't understand our pie-in-the-sky dreams, but we wouldn't feel like us without them. You're in business for yourself because you want to change your life, financially and otherwise.
You know that you're going to make it big someday. You repeat this belief to your spouse, your parents, and your kids. But, there’s always something getting in your way. Why hasn’t it happened yet?
That something is you… and believe me, I’ve been where you are.
You have a scarcity mindset that tells you that you can't achieve your dreams-- that you may not even deserve to achieve your dreams. This mindset mocks you and torments you but it does it in a silent way so you don’t even realize it’s invaded your brain.
It's time to stare the scarcity monster in the face and take control. It's time to develop a mindset of abundance so you can change your life in incredible and measurable ways.
In this episode, Jo discusses why you have a scarcity mindset and how it affects your business, along with how to develop an abundance mindset.
Affirmations, when used properly, are more than just words on social media memes - they can help you improve your money mindset.
In this episode, you'll discover how to use wealth affirmations to uncover your limiting beliefs / money blocks so that you can start working on clearing them as soon as possible.
The wealth affirmation cards and Wealth Journal use this 5 step system and clients have been uncovering and clearing their money blocks, using the system since 2017 when the journal was first published. You can use any wealth affirmations but if you prefer then you can grab a set of wealth affirmation cards (https://financialfitnessclub.simplero.com/purchase/71155-Wealth-Affirmation-Cards) or purchase the Wealth Journal via Amazon (https://amzn.to/36kXRIo)
Emotions are the starting point for a lot of the work that you should undertake in relation to your money mindset, even before removing money blocks!
So many of our beliefs are entangled with our emotions, that unless we unravel the emotions, we will never be able to fully remove our limiting beliefs (money blocks) and replace them with empowering beliefs. Despite this fact, many people jump into the belief work, completely ignoring their emotions, and then wonder why they aren't making significant progress.
Listen to the podcast and discover the key areas of your money world that are being governed by emotions and the simple techniques that will help you unlock the emotions which are holding you back.
You can find out more about working with Jo at www.jooutram.com
Does thinking about your taxes make your heart race or give you sweaty palms.
Can you feel stress levels increase as tax time approaches
Are you still paying last years tax bill?
In this episode, I explore the 4 key, but simple, money habits that will alleviate procrastination at tax time and will help you manage your business better, helping you make more informed decisions and leave you with a feeling of being in control of your business finances.
You'll also discover how to develop a more abundant mindset around taxes.
For more information on how to work with me on a 1-2-1 basis then head over to www.jooutram.com
People who stay in the cycle of remaining broke, and continually live from pay-cheque to pay-cheque, usually have a foundation of poor financial habits. Until they address these unhelpful habits, they will stay in the poverty cycle, no matter how much their income increases.
In this podcast episode, you'll discover the most common bad money habits.
You’ve probably seen wealth affirmations in books or on social media and perhaps even tried repeating them for a few days without obtaining much in the way of improvements in your finances. Wouldn’t it be great if you could experience an inflow of greater abundance from using wealth affirmations?
When you use these six strategies, you’ll not only discover new knowledge while reading wealth or money affirmations, but you’ll also learn to apply this information in your own life in ways that strengthen and benefit you.
The wealth affirmation cards mentioned in this episode you can be found here >>
https://financialfitnessclub.simplero.com/purchase/71155-Wealth-Affirmation-Cards
6 Mindset upgrades to go from living paycheck-to-paycheck to being wealthy:
Right now, you might be like the majority of the population and living paycheck to paycheck, but deep down, you know that life could be better. What if you found out that the only thing standing between you and real wealth was your mindset?
This episode highlights six mindset differences between those living paycheck to paycheck and those that are wealthy.
To find out more about your money personality and how your personality traits around money can be stopping you from becoming wealthy, head over to:
https://jooutram.com/sacred-money-archetypes-quiz/
In today's podcast, I share a topic with you that I wrote about as my contribution to the Amazon Number 1 bestseller - The Abundance Factor, where I was featured as one of the leading experts alongside Dr Joe Vitale.
Dealing with debt involves getting practical, devising a plan to eliminate your debt, whilst keeping your energy high so that you'd attract more debt to you.
Money habits can be bad, taking you further away from financial freedom, or good, taking you towards financial freedom.
The problem is that we often don't know what our bad money habits are. We can't put a stop to them if we don't know they exist.
In this podcast, you'll discover 5 simple, but effective money habits, new money routines, that will help move you towards financial freedom and set you up with a solid money foundation.
Do you want to set yourself up for financial success? And stop leaving your success to chance?
Setting money goals (financial goals) is an important step to help give you focus and clarity on the journey towards the level of financial success you desire.
Discover the top 5 money goals that every entrepreneur should be setting for each planning cycle (whether that is an annual plan or 90-day plan).
Learn how weaving in behaviour-based goals into your money goal setting exercise will help supercharge your productivity and help you reach your goals quicker and with more ease.
Discover more about how Jo can help you explore your relationship with money and accelerate your financial success >> www.jooutram.com
The Moneyology podcast is the new podcast talking all things for money, for female entrepreneurs. This podcast covers all aspects of money, including personal finances issues, business finance concepts and money mindset.
Join your host, Jo Outram, a Certified Mindset Coach, Certified Sacred Money Archetypes Coach and money expert and founder of the Financial Fitness Society, for an abundance of helpful tips, money strategies, money stories and money mindset tips to help you transform your own money mindset along with organising your personal and business finances.
Jo has been in the finance industry since 1995 when she qualified as a Chartered Accountant and has been coaching in business and money strategies since 2004. She is on a mission to help female entrepreneurs to develop a deeper understanding of how they 'do' money and therefore how they 'do' business, allowing them to achieve financial freedom with grace and ease.