The Major Margins Podcast

Today is a solo episode on the show! I share how I believe we should push through in our lives and business through these uncertain times of COVID-19. I've been feeling a sense of calmness and I'm making it my business to spread some positivity. As we know, our medical field will be the ones to save us. On the other hand, entrepreneurs will be in charge of turning around our economy. Here's what I discussed:  The acronym S.L.A.M. to help you push through this uncertainty(S) Decreasing your stress levels to take care of yourself mentally and physically(L) Taking the time to Learn new things or learn exactly what's going to work in your business. (A) Apply new strategies where necessary - this can be in the form of pivoting your messaging a bit to stay relevant as you provide your value. (M) Manage your cash flow! Both on a personal level and business level!We also get into what the US government is doing to help save small businesses through SBA loans and what they're all about. Get The S.L.A.M Toolkit: What I use to keep track of my mental & physical health each weekThe 50/20/30 Budgeting System Blog post for your business financesSBA Loan Info Other Great Resources:Personal Money ManagerMajor Margins BundleThe Major Margins PodcastEmail Us: hello@lovelyfinancials.com | Instagram | Facebook

Today Delania Barbee, Esq graces the podcast on the final episode of the #BlackWealthMonthSeries. I'm so happy to close the series out with giving you actionable advice on how to protect your legacy. Delania Barbee is the owner and founder of Barbee Law Boutique, PLLC dedicated to helping protect and build businesses and legacies. What we covered:How a traumatic experience of losing her partner to gun violence helped her see her calling to educate other about the lawDelania's first job out of college advocating for her clients and how it prepped her to be the attorney she is todayWhere to get started in protecting both your life and businessWhat is an estate plan and why it's a living and breathing thing you must continue to updateHer ultimate meaning of Black WealthResources mentioned:The Barbee Law Boutique - website to help you get started in protecting your business and legacyHiscox - business insurance to help you gain coverage such as general liability insurance and errors and omissionsCatch up with Delania Here:Instagram: @barbeelawFacebook: @barbeelawonline

Today on the Major Margins Podcast marks the penultimate episode of our #BlackWealthMonth Series and I had the pleasure of interviewing yet another special guest, Kendra Barnes.Full-time Real Estate Investor and Founder of The Key Resource, Kendra shares with us why investing in Real Estate is the ultimate key to building wealth and the vast resources available for you to get started.Kendra says, “You don't have to be rich first, you become rich by investing in Real Estate. There's a misconception that you have to be established before getting into it, but that's completely not the case”.The topics we cover:1. How a board-game influenced her pursuit of real estate investing2. Who she had to become in order to successfully retire at age 32 3. Why you don't need to be wealthy first before getting started4. The different forms of real estate investing to suit you5. The rise of Gentrification and educating POC on investing in their communitiesKeep up with Kendra Barnes here:Instagram: @thekeyresourceTwitter: @The_KeyResourceThe Key Resource - like the website indicates, there's so many resources so you know exactly where to start with real estate investing!The Charm City Buyers - The couple mentioned in the episode buying back the blocks of Baltimore

As you may already know, it's #BlackWealthMonth on the Major Margins Podcast and I'm back with another insightful interview focusing on building, growing and protecting Black Wealth! In this episode, I'll be interviewing George Acheampong, passionate thought leader, top Financial Advisor and Founder of Capitalwize, Melanin Money & Makes Cent 2 Me.George shares with us his advice on how to get started with financial investing, the greater benefits of temporarily downsizing your lifestyle and his ambition to help close the racial wealth gap by 10%.The topics we cover:1. Growing up & adopting a strong work ethic2. Purpose over Paycheck: Serving people who look like him3. Ways to make your money start working for you4. Staying “broke” to build wealth5. The choice of different investment accountsWe also discuss the benefits of normalizing Black Wealth, as George says “ If we can normalize Black Wealth, then we can put our people in the position to be free”.Keep up with George here:Instagram: @GeorgeAcheampongJrhttps://capitalwize.co/https://melaninmoney.com/https://makescents2me.com/

We have an exciting new series for this month of February on the Major Margins Podcast and it's all about Black Wealth! In this episode, I had the pleasure of interviewing the wonderful Jamal & Natasha Miller - Founders of Miller Global Enterprises, a black-owned parent-company to Married & Young, The One University and Profit in Purpose Academy. Jamal & Natasha share with us their personal journeys to not only creating a beautiful marriage, but an unstoppable business partnership that continues to inspire and reach hundreds of thousands of people daily.The topics we cover:1. Becoming the best version of themselves with God2. Monetising social influence3. Decreasing the divorce rate in America4. Creating a purposeful work environment5. Owning a 7-figure business & the responsibility it bringsWe also delve deep into the meaning of Black Wealth and the importance is has in creating a positive change and legacy for our next generation. Keep up with Jamal & Natasha here:@jamalmiller@natashaannmillerhttps://marriedandyoung.com/https://theoneuniversity.com/

In this episode, we continue the behind-the-scenes journey of how I master my cash flow. This week, we go over my process for the last part of my Financial Friday, personal finances.I go in depth about how I manage my money with the 50/20/30 budgeting system. You can read about it on the blog!What I cover:The 50/20/30 Budgeting system - you can also ready about it here.The software I use for my personal financesOther personal finance softwareMy weekly processResources:The 50/20/30 Budgeting Blog PostThe Major Margins BundleYNAB

Today on the podcast, I share behind the scenes on how I run my Financial Friday's. Yes, you read right! I'm giving you the step-by-step process in how I manage my own numbers.2019 was the year where I promised myself that I'd treat my own finances like I do my clients. Doing this, caused me to grow my own numbers in ways they've never been before.In this episode I share:A brief history of how I managed my money in my 20sHow I utilize Profit First in my businessThe software I use to track my business financesMy weekly workflow to manage my business financesResources:The Classy Cash Flow KitProfit First BookThe Major Margins BundleQuickbooks and Xero - my accounting software of choice for clients and myself

Today on I talk all about how profit is vastly different than cash flow! You ever looked at your profits and thought it was a healthy month then looked at your bank balance and wondered where in the world did the money go?!I'm sharing all about why that's the case. If you're trying to better understand how cash flows in and out of your business, this episode is for you.Here's what I cover: Why profit is not the same as cash flow cashflowBeginning bank balanceIncoming cash - revenue, owner's investments, loanOutgoing cash - expenses, owner's draw, paying off credit card/loan, purchase of assetEnding cash balanceHow to review the statement of cash flowOperating activities Investing activities Financial activities They tell us different things that can happen outside the P&LResources to help you get the full pictureThe Classy Cash Flow KitThe Major Margins Bundle Email: hello@lovelyfinancials.con | Instagram: instagram.com/lovelyfinancials | Facebook: facebook.com/lovelyfinancials

Today on the podcast, we're getting back to basics. Let's talk all about the key differences between revenue and profit. These terms are used interchangeably in the world of online business and I want to give you a bite-sized episode all about it today.No judgement if you found yourself using these terms interchangeably. I'm here to help guide you to better understand your numbers.

Today on the podcast, I continue the journey about profits and dig into understanding profit margins! In the previous episode, I shared how revenue was NOT the same as profits. Profit Margins are an easier way to be more transparent about your business instead of sharing the raw numbers. Here's what we cover:  The full Income StatementGross Profit MarginsMy typical ideal for gross profit marginsOperating Profit MarginsExpense to Revenue Ratios We also get a dip into the different profit margins depending on industries and why you need to STOP comparing yourself in business.. Need help grasping the concepts?!Resources: The Classy Cash Flow KitThe Major Margins Bundle

In this episode, I talk all about my story before I started my business Lovely Financials Group and the beginning steps of my entrepreneurial journey.I know you can relate that all the positions you've held in your life is transferable to how you serve your audience.My story is no different!