Finances freaking you out?

Pre-S: Emily’s sharing her secret weapon to making business decisions with ease in a live training on Monday, August 8. Save your seat >>

Moolah Mindset

Are you starting to freak out a little bit about money, boss?

When words like inflation, bear market, and recession have been in the headlines for months now, we wouldn’t be surprised if you answered yes.

When it comes to your money, it is important to understand how to create stability, protect your assets, and secure your ideal future. Top that off with a strong money mindset and you’ll be able to ride any economic rollercoaster with a little more ease.

Personal Paper

• Only 13% of self-employed people are currently saving for retirement. Being the boss means your plate is full of time-sensitive tasks that need to be done now. But neglecting to add retirement planning to your priorities is not a boss move. (article)
  
  
• If you’re on track to max out your retirement accounts this year, congrats boss! Now, consider taking these steps to prioritize your savings and investments. (podcast)
  
  
• Dreaming of financial freedom but thinking you have too much debt, are too late to the game, or are not good enough with money to ever stop worrying about your cash flow? Some aspects of the FIRE movement might change your mind. (video + article)
  
  
• As a business owner, your financial + biz assets are important. Don’t let love and relationships cloud your judgment when it comes to protecting them. It’s okay to ask for a prenup. (podcast)
  
  
• When was the last time you checked in on your financial statements? While you might outsource your bookkeeping, it’s still important to understand basic accounting terms. Something else to consider this year — your revenue numbers might be misleading. (articles)
  
  

Boss, Check Out This Free Training!

Business Benjamins

• Signs indicate that inflation has likely peaked. Which sounds like good news, however; the task of now lowering prices without raising interest rates further could be a larger undertaking. (article)
  
  
• The Fed’s main tool for taming inflation is hiking interest rates. But will rate increases actually solve the problem when the supply chain is still so disrupted? (podcast)
  
  
• Should you be worried about a recession as a small business owner? You may find peace of mind in the mindset of stability over continual growth. (article)
  
  
• If the thought of a recession still has you worried, don’t panic. Survive and thrive by taking immediate action with these 2 steps. (video + article)
  
  
• E-commerce sales are still riding high amid economic woes. Forecasts are predicting online retail sales will hit $1 trillion this quarter. (article)
  
  

Money Moves*

When it comes to deciding what move to make in how you manage the money side of your business, we just want to say that Freshbooks has had over 24 million users and has 4.5 out of 5 stars on GetApp.

Plus, Freshbooks has been a favorite tool of bosses for over 7 years.

This means something very important: small business owners really love using it, and it might be just the solution you’re looking for to invoice your customers, track your expenses and manage your books.

Get a free 30-day trial when you sign up here.

What’s Fresh

• Could hard cold cash be sliding into your DM’s? Instagram wants to make it happen. They launched the ability for users to pay for products within IG chat. (article)
  
  
• Twitter is spending major dough. Elon Musk’s proposed takeover has cost the company $33 million in related expenses. (article)
  
  
• Pink Sauce drama. The TikTok sensation selling for $20 a bottle and its creator are experiencing a string of snafus. (article)
  
  
• Shopify’s got your back. Business owners using Shopify Shipping will now be covered with shipping insurance up to $200. (article)
  
  

Upcoming Events

Want access to a community of bosses and live events? Join us for weekly Monday meet-ups to troubleshoot your struggles and celebrate your wins. Get shit done thanks to a little extra accountability during our coworking sessions and more! Check out our events page to see all upcoming events and join us in the FREE Being Boss Community.