Welcome to the Mills Knows Bills Podcast! Host Mills Bender, founder and CEO of Mills Knows Bills, discusses strategies for variable income earners to manage their finances effectively. Let's get to those burning financial questions!
Join Mills in this solo cast episode of the Mills Knows Bills podcast as she discusses strategies for mastering fluctuating income and scaling your blue collar business. Mills identifies five common financial pitfalls that entrepreneurs face: lack of planning, mixing personal and business finances, avoidance of financial management, inadequate savings, and unbalanced leverage. Learn practical tips to implement a budget, separate finances, stay proactive in financial planning, build savings, and manage debt to ensure a healthier financial future for your business.
Do you have your own burning financial question for Mills? Contact her here:
Email: info@MillsKnowsBills.com
Website: https://MillsKnowsBills.com
Instagram: https://instagram.com/@millsknowsbills
LinkedIn: https://www.linkedin.com/company/mills-knows-bills
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Link to video podcast episode: https://youtu.be/dpI7WLlTED4
00:00 Introduction to Mills Knows Bills
00:28 Podcast Overview and Goals
00:53 Answering Common Financial Questions
01:35 Five Common Financial Pitfalls
01:48 Pitfall 1: Lack of Planning
03:11 Pitfall 2: Mixing Business and Personal Finances
04:30 Pitfall 3: Avoidance
06:11 Pitfall 4: Little to No Savings 0
7:18 Pitfall 5: Unbalanced Leverage
08:57 Conclusion and Call to Action
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