60 episodes

Making money and managing money are two separate skills. Dr. Maria James, The Money Scientist™ and successful guest entrepreneurs discuss creating a thriving business and establishing personal financial security. Don't be a successful entrepreneurs whose personal finances aren't great or the person who fails in business but is great with your personal finances. If you're an entrepreneur, solopreneur, working a side hustle, or small business owner this is for you. Let's talk about what it takes to be successful in business and build wealth.

Pocket of Money Podcast Pocket of Money Podcast

    • Business
    • 5.0 • 9 Ratings

Making money and managing money are two separate skills. Dr. Maria James, The Money Scientist™ and successful guest entrepreneurs discuss creating a thriving business and establishing personal financial security. Don't be a successful entrepreneurs whose personal finances aren't great or the person who fails in business but is great with your personal finances. If you're an entrepreneur, solopreneur, working a side hustle, or small business owner this is for you. Let's talk about what it takes to be successful in business and build wealth.

    POM059: 11 Business Tips to Survive a Recession or Economic Downturn

    POM059: 11 Business Tips to Survive a Recession or Economic Downturn

    Listen and subscribe: iTunes, Stitcher, Spotify

    The entrepreneur roller coaster may have been crazier than normal for the past 12 months. No one really foresaw such craziness was going to happen. However, it’s a matter of time before a recession hits. You can take steps to make it through the current downturn and to make sure you’ll weather a recession successfully. In this episode, you’ll learn eleven strategic tips and actions to recession-proof your business. These tips apply whether you’re a service or product-based business.

    Resources Mentioned:

    WISE Budget Box

    Go from “I hate budgeting” to consistently planning, successfully budgeting, and saving money every month with the WISE Budget Box subscription. Only $75 per quarter ($25/month).

    Just when you start to fall off, the WISE Budget Box will give you a motivational jolt and a box filled with a new set of tools every 90 days. You’ll also have continuous access to the WISE Financial Fitness portal filled with courses, protocols, and digital resources.

    Business Goals Planner

    Get organized, make progress, remove overwhelm, and increase your revenue. You’ll design clear goals and a powerful strategy to achieve them. Don’t just make a long to-do list that leaves you in overwhelm.

    Focus on tasks not just your schedule. Clearly write tasks each day that will help you move your projects along. Organize tasks each day by project to help with project management. Stay ultra-focused each quarter. You’ll power through your tasks with this 90 day progress system.

    Financial Planning Roadmap

    This financial planner helps you consistently budget (by month or paycheck), analyze your budget, and track and analyze side hustle earnings for profit. If you don’t like your financial situation, then change it.

    The Brave Entrepreneur’s Desk

    I reveal major lessons l learned during my journey, and powerful affirmations and epiphanies that will keep you motivated and progressing as an entrepreneur.

    Thanks for Listening

    If you have any comments or questions about this episode, leave a comment below. If you liked what you heard subscribe on iTunes, Stitcher, or wherever you listen to podcasts and rate it. This helps the podcast show up for others.

     

    Episode Transcript:

    Hi Success Rebels. This is Dr. Maria James, The Money Scientist. For many of us, it’s been a tough time to be an entrepreneur or small business owner. While for some of us, the last 12 months or so have been the most lucrative time period in quite a while.

    I’ve spoken with colleagues who hit revenue milestones and have spoken with some whose revenue came to a halt.

    I guess like any major event or situation, the pandemic made some industries and side hustles become popular. For example, accounting became really hot as people try to make sure their finances were on point. Of course, everything virtual went through the roof. I saw things like virtual babysitting and virtual storytime become very popular.

    Everyone felt like they had to become a expert on zoom overnight. Of course, this resulted in zoom stock going through the roof.

    No matter your business or side hustle you had to do some sort of pivoting as a new normal was established. Even if your business provided and online service or product,

    • 28 min
    POM058: Determine Your Financial Status to Make Strong Goals

    POM058: Determine Your Financial Status to Make Strong Goals

    Listen and subscribe: iTunes, Stitcher, Spotify

     

    In this episode, I discuss important financial status indicators you should review before drafting your financial goals. Get clear on your real status and determine which financial goals should be top priority to increase financial fitness.

     

    Resources Mentioned:

    WISE Money Challenge Tips to Save and Earn More Money

    Ebook where I include over 100 side hustle resources in 10 categories. This book also contains in-detail 22 specific actionable tips to save or earn more money. It’s set up as a challenge to get you to take an action each day. As a Success Rebel and listener of the podcast, you can get it for free. Use the discount code relief.

    WISE Financial Fitness Score

    Take the assessment to get your financial fitness score. This score is based on an algorithm I created to take into account not just the typical financial status indicators but behavior and mindset as well.

     

    Episode Transcript:

    Hey Success Rebel, it’s Dr. Maria James, The Money Scientist. We are officially in 2021. At the start of a new year is usually when a lot of us are focused on goals and changes that we want to see in our lives and our businesses.

    Many people make New Year’s resolutions and either save them, write them down or create vision boards and collages. There’s something about the start of the new year that makes you think of a fresh start in general. It usually feels like everything is full of potential and opportunity, like you can make changes and progress.

    Many New Year’s resolutions and new goals involve finances, and positive that this year is no different, probably even more so than usual.

    You’re likely looking to increase your income this year, save more money, knockout some debt, or probably beef up your assets. And maybe all of the above.

    This pandemic exemplifies why financial stability and financial security are so important. Financial stability is when your current financial situation is stable. Your income can take care of short-term liabilities aka your bills. You can purchase everything you need to survive. You also are able to handle most unexpected expenses.

    Financial security means you can go beyond the basics. You have money and vehicles in place to handle future long-term financial goals and expenses. You’ve also taken steps to protect your money and wealth. You are secure in your ability to take care of things now and in the future.

    These two things were rocked and completely stripped from a lot of people and most quite unexpectedly. It really brings home the importance of having money set aside that can accommodate several months’ worth of bills a.k.a. an emergency fund. Another major take-away is the importance of multiple income streams.

    We’ve all heard about the importance of multiple income streams before, but the pandemic really reiterated that lesson.

    Side hustles became significant lifelines to keep some level of income for many people and a way to focus on shoring up financial goals for others. An extra few hundred dollars per month can make a big difference. An extra few thousand dollars per month definitely makes a difference.

    I really advocate for everyone to have a side hustle, multiple streams of income. Also, to diversify those streams. So, what do I mean by that, diversify? Well, have the streams be in different things. For example, I know a lot of people pick up a second job and some a third job in...

    • 14 min
    POM057: Pocket of Money Podcast is Back

    POM057: Pocket of Money Podcast is Back

    Listen and subscribe: iTunes, Stitcher, Spotify

     

    It’s time. The podcast will be back in action. After a hiatus, we’re back with all new content for your financial success journey. Stay tuned.

     

    Episode Transcript







    Wow, it’s been a year and a half since the last Pocket of Money Podcast episode. It seems surreal that it’s been that long, but I had a good reason.







    In full transparency, I felt the message I wanted to convey was getting a little lost and I wasn’t serving as much were in the way that I wanted to serve. I felt I wasn’t bringing a unique and helpful enough perspective. So I took a pause to gain clarity what would be best in helping you with your financial success journey, the your side hustle or business journey.







    As 2020 became crazy for all of us, and very difficult for a lot of people, I knew that needed to get myself together and finish revamping the podcast to be able to continue sharing information and resources.







    Well after my hiatus of a year and a half, the podcast is back and I will be sharing episodes once a week. We will still be discussing making money and managing money topics. I only say making money and managing money are two separate skills and the each have to work on both.







    I’ve seen and spoken with a number of professionals and entrepreneurs who make multiple six figures but don’t have enough money saved to cover one month of expenses. Current events show why this is problematic whether you’re an employed professional or an entrepreneur.







    Also, we’ve seen of the importance of multiple streams of income through investing, side hustles, and entrepreneurship.







    I want to pass along information and resources that will help you maintain and accelerate your financial success journey. While financial success may look different for each of us, meaning what we are able to do, how much money we have, who we are with … we can discuss the different paths to reach financial success and share with one another tips to get there.







    I’m really looking forward to sharing and discussing financial freedom and entrepreneurship with you. Look out for the first real episode to be released on January 5, 2021.







    If you have a question or topic that you would like discussed, then send an email over to info@pocketofmoney.com.







     

    Thanks for Listening







    If you have any comments or questions about this episode, leave a comment below. If you liked what you heard subscribe on iTunes and rate it. This helps the podcast show up for others.



























     

    • 3 min
    POM056: The Hard Truth to Running a Successful Nonprofit in the Digital Age with Sarah Olivieri

    POM056: The Hard Truth to Running a Successful Nonprofit in the Digital Age with Sarah Olivieri

    In this episode, Sarah Olivieri explains key misconceptions and obstacles when starting and running a nonprofit. She explains what truly needs to be done in order to raise funds for your nonprofit.

    • 35 min
    POM055: Street Smart to Successful Entrepreneur with Tom Libelt

    POM055: Street Smart to Successful Entrepreneur with Tom Libelt

    In this episode, Tom Libelt explains the key factors that make a successful entrepreneur. He discusses what you need to close the sale and what is hindering you.

    • 46 min
    POM054: How to Monetize Advice/Skills and Launch a Business without Investors with Ilean Harris

    POM054: How to Monetize Advice/Skills and Launch a Business without Investors with Ilean Harris

    In this episode, we discuss many common concerns for starting a business and making it a success. We discuss how to find and monetize your passion, what to sell if you do not have your own product, and so much more.

    • 36 min

Customer Reviews

5.0 out of 5
9 Ratings

9 Ratings

GAPeaches ,

Valuable info delivered in a super accessible manner!

I love the broad range of topics covered. I especially love that the content is delivered in a conversational way and I never feel like I’m being lectured/preached “at” as I’ve experienced with similar podcast.

C'mon Clevis ,

Top notch info

Been listening for a couple days. Great material from the host and her guests. Glad I found it

Chaun C. ,

Great Podcast!

I enjoy listening to these podcast as I educate and change my money mindset. She offers a wealth of great information.

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