How can you feel financially secure when your income fluctuates? In this episode of the Plenty podcast, I’m diving into some of my top strategies for managing money with an unpredictable income.
Managing finances with irregular income can be a real challenge for entrepreneurs, and I’ve personally navigated it. I share practical tips on understanding your business cycles, building a cushion fund, and working with your nervous system to cultivate a sense of safety even when cash flow varies. I’ll also discuss the benefits of creating monthly recurring revenue and how tools like YNAB can support cash flow management.
This episode is filled with insights to help you feel more secure and empowered on your financial journey, no matter how unpredictable it may be!
“When you train your nervous system, your sense of safety and security is actually sourced from within.” -Kate Northrup
🎤 Let’s Dive into the Good Stuff on Plenty 🎤
(00:00) Introduction to the episode and topic
(01:20) The nature of entrepreneurship and income fluctuations
(03:05) Importance of knowing your business cycles
(05:15) Working with your nervous system for financial security
(07:00) Building a cushion fund for stability
(09:25) Saving for taxes methodically
(11:10) Creating monthly recurring revenue
(13:00) Using YNAB and Profit First for cash flow management
(14:45) Summary of key tips for managing inconsistent revenue
(16:10) Final thoughts and encouragement for entrepreneurs
Links and Resources:
Relaxed Money
YNAB
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Related Episode:
How to Turn the Dial Up on Your Income at Anytime with Ajit Nawalkha (069)