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Know Your Worth Sydney Conway and Kristen Fedeli
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Financial success as an entrepreneur isn’t about a $20k month or a million-dollar year — it’s about what your revenue can do for your life.
Working two days a week, buying your dream home, retiring your partner, starting a second business, or caring for your parents — those are Sexy Money Goals.
On this show, Sydney Conway, Money Maven and Kristen, her dime-piece bestie and team member teach you how to think about your differently so it can work to achieve your Sexy Money Goals, not just hit a number.
From understanding how to increase cash flow to financial projections and tax strategy, you’ll gain the insight you need to really understand how every business and personal goal you set is achievable with a plan and understanding the right numbers.
You’ll also hear from other entrepreneurs like you who have achieved their Sexy Money Goals and the steps they took to make that possible, so you can feel empowered to go after what matters most to you.
Sydney Conway, is an accountant and financial consultant of Know Your Worth Pgh where she’s supported more than 100 businesses to manage their finances and feel confident and empowered to grow their businesses and their money goals.
Kristen is a busy mom of twins who is an assistant to multiple business owners and sees and manages all the behind-the-scenes details that allow the businesses to run smoothly.
You can learn more and book a call at knowyourworthpgh.com.
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31: The Psychology of Impulse and Emotional Buying Plus Strategies to Manage it
Are you hiding bags and bringing them in?
Is your partner mad at you because you both agreed not to spend on something and you went and did it anyways?
Emotional and impulse spending always have a cost beyond the financial side of it. In this episode, Sydney and Kristen explore the psychology of emotional buying and how our spending habits affect our mental health just as much as our financial health .
They explore how your childhood experiences, money scripts, cultural influences, and societal norms influence your spending habits. The duo also shares their personal stories to illustrate how their upbringing shaped their spending habits and discuss strategies for recognizing and managing emotional buying.
01:18 — Exploring the Psychology of Emotional Buying
02:00 — Childhood Influences on Money Habits
11:29 — The Impact of Social Media on Emotional and Impulse Spending
13:44 — Why You Need to Define Money Values
17:56 — Strategies for Managing Emotional and Impulse Spending
📈 UNDERSTANDING YOUR PROFIT AND LOSS GUIDE
Get the Profit and Loss Guide
❓TAX PLANNING QUESTIONS TO ASK YOUR ACCOUNTANT
Get the Tax Planning Questions Guide
🛍 75+ TAX WRITE OFFS
Get the Tax Write Offs
✅ BOOKKEEPING CHECKLIST
Get the Book Keeping Checklist
💵 BOOKKEEPING AND FINANCIAL ANALYSIS SERVICES FOR BUSINESS OWNERS
Apply for Bookkeeping or Financial Analysis Services
👋 CONNECT WITH SYDNEY & KRISTEN
Website: https://knowyourworthpgh.com/
Instagram: https://www.instagram.com/knowyourworth_pgh/
YouTube: https://www.youtube.com/channel/UC3wzOVSDSC-xsmLg8JJ8MJg/ -
30: Mind Over Money: How to Manage Financial Anxiety and Stress
When you’re in the thick of it, learning how to manage financial anxiety can feel really overwhelming to overcome.
(Or it can feel like the only solution is to win the lottery and never have to think about money again.)
Financial anxiety is so common no matter your income level or skill set — it’s linked to our security and what we need to survive.
In this episode, Kristen and Sydney are sharing the insights as to why the connection between mental health and finances is so strong, anecdotes about their personal challenges with money, and actionable advice you can start implementing today for how to manage your financial anxiety.
01:32 — Understanding the connection between mental health and finances
14:09 — Why you need to have a simple budget to begin alleviating financial stress
15:47 — How to better focus on what you can control
21:54 — Seek social support and understanding different perspectives
26:18 — How practicing mindfulness and stress reduction can help you have a different relationship with money
📈 UNDERSTANDING YOUR PROFIT AND LOSS GUIDE
Get the Profit and Loss Guide
❓TAX PLANNING QUESTIONS TO ASK YOUR ACCOUNTANT
Get the Tax Planning Questions Guide
🛍 75+ TAX WRITE OFFS
Get the Tax Write Offs
✅ BOOKKEEPING CHECKLIST
Get the Book Keeping Checklist
💵 BOOKKEEPING AND FINANCIAL ANALYSIS SERVICES FOR BUSINESS OWNERS
Apply for Bookkeeping or Financial Analysis Services
👋 CONNECT WITH SYDNEY & KRISTEN
Website: https://knowyourworthpgh.com/
Instagram: https://www.instagram.com/knowyourworth_pgh/
YouTube: https://www.youtube.com/channel/UC3wzOVSDSC-xsmLg8JJ8MJg/ -
Replay: What Every Business Owner Needs to Know About Managing and Protecting Business Finances
Whether you’re a new or established business owner, figuring out exactly what you need to know to manage and protect your business finances can make a huge difference in the success of your business.
When we work with new clients at Know Your Worth bookkeeping, we see even the most established businesses missing or overlooking some key elements for how to best manage and protect their finances.
In this episode, we’re breaking down exactly what you should be considering when it comes to your business finances so you can be sure you’ve set yourself up properly and your revenue is best protected.
02:21 – Setting up a bank account
10:45 – Income and expense tracking
13:22 – Insurance
16:36 – Contracts
📈 UNDERSTANDING YOUR PROFIT AND LOSS GUIDE
Get the Profit and Loss Guide
❓TAX PLANNING QUESTIONS TO ASK YOUR ACCOUNTANT
Get the Tax Planning Questions Guide
🛍 75+ TAX WRITE OFFS
Get the Tax Write Offs
✅ BOOKKEEPING CHECKLIST
Get the Book Keeping Checklist
💵 BOOKKEEPING AND FINANCIAL ANALYSIS SERVICES FOR BUSINESS OWNERS
Apply for Bookkeeping or Financial Analysis Services
👋 CONNECT WITH SYDNEY & KRISTEN
Website: https://knowyourworthpgh.com/
Instagram: https://www.instagram.com/knowyourworth_pgh/
YouTube: https://www.youtube.com/channel/UC3wzOVSDSC-xsmLg8JJ8MJg/ -
29: 10 Quick Money Mantras to Uplevel Your Money Mindset
Knowing your numbers is important, but so is your money mindset.
Money mantras can be a simple way to reinforce what you want your relationship with money to be in this season and use it as a daily reminder that can help you take actions that align with that energy.
Throughout different seasons of our lives, we can get so stuck in our current thinking, patterns, and financial situation.
Tune in for 10 money mantras to create a better relationship with your money plus how to remember the money mantra you're working on
📈 UNDERSTANDING YOUR PROFIT AND LOSS GUIDE
Get the Profit and Loss Guide
❓TAX PLANNING QUESTIONS TO ASK YOUR ACCOUNTANT
Get the Tax Planning Questions Guide
🛍 75+ TAX WRITE OFFS
Get the Tax Write Offs
✅ BOOKKEEPING CHECKLIST
Get the Book Keeping Checklist
💵 BOOKKEEPING AND FINANCIAL ANALYSIS SERVICES FOR BUSINESS OWNERS
Apply for Bookkeeping or Financial Analysis Services
👋 CONNECT WITH SYDNEY & KRISTEN
Website: https://knowyourworthpgh.com/
Instagram: https://www.instagram.com/knowyourworth_pgh/
YouTube: https://www.youtube.com/channel/UC3wzOVSDSC-xsmLg8JJ8MJg/ -
28: Top 5 Things Our Listeners Have Found Helpful to Gain Confidence with Their Finances
If you currently feel overwhelmed with your money and business finances, it’s important to remember that money is just a skill.
We didn’t all wake up one day knowing all this information about how to manage our money and business finances.
That’s why, in this episode, we’re sharing the top five financial tips shared by our listeners that have helped them the most in their financial journeys as they grew their businesses.
01:22 — Why you always want to have a financial professional you can consult with
03:01 — The importance of recognizing where you need more financial education rather than being money-avoidant
06:12 — How Accounting Software and Tools can help fill in gaps in your knowledge and skill
12:27 — Why you may want to consider diversifying your revenue streams
14:14 — The connection between money and a positive mindset and resiliency
📈 UNDERSTANDING YOUR PROFIT AND LOSS GUIDE
Get the Profit and Loss Guide
❓TAX PLANNING QUESTIONS TO ASK YOUR ACCOUNTANT
Get the Tax Planning Questions Guide
🛍 75+ TAX WRITE OFFS
Get the Tax Write Offs
✅ BOOKKEEPING CHECKLIST
Get the Book Keeping Checklist
💵 BOOKKEEPING AND FINANCIAL ANALYSIS SERVICES FOR BUSINESS OWNERS
Apply for Bookkeeping or Financial Analysis Services
👋 CONNECT WITH SYDNEY & KRISTEN
Website: https://knowyourworthpgh.com/
Instagram: https://www.instagram.com/knowyourworth_pgh/
YouTube: https://www.youtube.com/channel/UC3wzOVSDSC-xsmLg8JJ8MJg/ -
27: How to Tell if Your Chart of Accounts is Set Up Correctly
When we start working with clients, about 25% of the time, we see errors with how they’ve set up and managed the chart of accounts in QuickBooks.
The chart of accounts is the listing of accounts that you use to categorize transactions, which then turn into your financial statements.
When you don’t have this set up correctly, it could look like you have more income or cash on hand than you really do, cause you to over- or under-paying taxes, and have the wrong data to base decisions on.
01:17 — What is the Chart of Accounts?
02:15 — Why choosing the wrong account types is so common in QuickBooks
07:59 — How the wrong accounts gives you the wrong data and can cause you to over- or under-pay in taxes
09:54 — Understanding how to correct this error and how the severity of it can add up by over-paying taxes and having someone fix it for you
11:19 — What to expect during a QuickBooks Clean-Up
15:43 — Utilizing AI for Chart of Accounts for your industry
If, after listening to this episode, you realize you haven’t set up your accounts in QuickBooks properly, now is the time for a cleanup so you can keep your books and numbers accurate for 2024.
This cleanup is very personalized depending on your business needs and will be discussed during our discovery call.
You may be new to Quickbooks OR you're looking to re-categorize existing transactions, reconcile accounts, examine journal entries, etc.
First, we’ll understand your goals for a QuickBooks clean-up, such as re-categorizing existing transactions, reconciling accounts, examining journal entries, etc.
Then, you’ll give us access to your QuickBooks so we can see what your current setup looks like, how long you’ve been in there, and see if any mistakes need to be amended.
We’ll provide you with a custom quote based on what your project needs along with an estimated timeline, and walk you through our recommendations.
Clean-ups can range in price but start as low as $400 for a simple cleanup and $1,200 a month for more complex fixes.
If you’re not in QuickBooks yet, but realize you’re at the point where you need to be (but want to ensure it’s set up correctly), we also offer a QuickBooks Set Up service starting at just $250. That way, even if you’re not quite ready to outsource your monthly bookkeeping, you can feel much more confident that it’s set up properly.
Book your call with us here!