03. Financial Preparedness and Money Mindset with Marsha Barnes from The Finance Bar

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Marsha Barnes is the creator of The Finance Bar and the free 5 Day Money Cleanse course. The  Finance Bar is dedicated to helping women and couples achieve financial freedom. We discuss how to financially prepare for a new business, money mindset, and needs versus wants. This episode will help you get on track financially in life and business.

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Highlights

• Started with a mobile bus to meet people and discuss their finance journey
• The Finance Bar now has coaching suite
• Marsha has over 13 years experience in the banking industry
• Marsha works for the Finance Bar full-time
• Started out as a non-profit; parts of the business still are
• Earned money through the virtual members club and speaking engagement
• Did not want to be a struggling entrepreneur so made sure her business was thriving before doing it full-time
• Financial tips to reach your goal:
  –Ask yourself “How much do you need to survive?”
  –What are the things you need for your business?
  –You should have a vacation account
  –You will need to make temporary sacrifices to get to your financial goals
• We discuss money mindset and taking an internal look at self; who are you surrounding yourself with
• “We’re not enjoying life, we’re enjoying things” –Marsha
• Things change over the years and we need to mindful that what we have now might not be what we want in the future
• We discuss scarcity mindset – holding on to everything you have
• “Attach your life to a purpose” –Marsha
• We talk about people relying on tax refund checks and using that as their saving; Tip: Brace yourself to save it or use it to pay off debt
• Tip: Think about what you NEED for your business not what you WANT
• Invest systems, customer service, how are you going to make sells, and how you’re going to scale
• Focus in on books and podcast

LINK LOVE

• Financially Preparing To Be Your Own Boss  – My Fab Finance – Tonya Rapley (course)
• The 5 Day Money Cleanse – The Finance Bar – Marsha Barnes (free course)
• Go-Givers Sale More – Bob Berg and John David Mann (book)
• Entrepreneur Roller Coaster – Darren Hardy (course)
• The Automatic Customer – John Warrillow (book)

THE FINANCE BAR

Website: thefinancebar.com

Instagram: @thefinancebar

Facebook: The Finance Bar

Twitter: @thefinancebar

WHERE’S NACHE’

Website: nachesnow.com

Podcast: Studio 78

Instagram: @nachesnow

Twitter: @nachesnow

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