Hello, brilliant entrepreneur! It’s Tash Corbin here, and welcome to Day 7 of #tashmas.
This is episode 139 of the Heart-Centred Business Podcast, so all the show notes and links that I refer to today can be found at tashcorbin.com/139.
Because it’s Day 7 of #tashmas and as a tradition with every day of #tashmas, I have a juicy business insight for you today. It’s got a lot to do with what’s going on between your ears.
We’re going to be talking about mindset, and in particular, your money mindset.
And I’ve got an awesome competition for you to win one of my most popular money tracking and money mindset tools and it includes a free course.
How cool is that?
Let’s get started…
It’s no secret that I absolutely love and adore income tracking.
I think it has been one of the most critical things that I have done consistently as I’ve grown my business.
It helped me improve my money mindset, pay attention to what’s going on in my mind – whether it be during high-income periods or low-income periods, or good times or bad times, or crazy in-between times.
My daily income tracking habit has been the thing that has helped me identify what’s going on and notice what I need to work on.
They say that there is no personal development journey like starting your own business and I have to say I agree with that statement 100%.
Starting your own business, particularly when it’s a personal brand business – when the biggest asset that you’re selling is yourself, when it’s all about your services and what you have to offer, it is so confronting.
We have a lot of fears that come up for us.
We have things about what we’re worth.
We have money blocks.
We have visibility issues.
We worry what people are thinking about us or saying about us behind our backs.
And all of this stuff comes up for us.
But guess where 99% of that stuff only happens?
It only happens in our minds.
What we tell ourselves that people are saying about us…
Or, what we tell ourselves that this money or lack of money means…
For 99% of it, it only happens in our minds; it doesn’t actually actualise anywhere else other than in fear and in our mindset.
That’s why I 100% believe in money mindset practices and in particular, having a daily habit that helps you notice your thoughts about yourself, your business and your money.
So today is actually about how money tracking isn’t just about money tracking.
For me, money tracking creates time and space for us to notice.
It creates time and space for us to pay attention to what we are thinking and what we are feeling and what comes up for us when we think and feel about our businesses, ourselves, our money and what’s going on for us in a daily basis.
Because even for me in periods of high income, I’m very hesitant to do my income tracking.
I still have mindset wobbles that are coming up.
And for me, creating this time and space on a daily basis – to really notice – means that I can grab things as they occur. That I can notice something that’s creeping into my thoughts before it takes over my thoughts.
It means that if I’m having a low-income period in my business, it doesn’t become a giant spiral that goes out of control.
It is so powerful and, really, the only way that I can demonstrate that to you and that I can convince you of that (I think) is to get you tracking your income every day.
I read that it takes 66 days to form a habit now – it’s not 21 days like we thought. It’s 66 days.
So in 2015, I decided enough was enough.
I’m going to track my income every single day for 100 days.
That’s where my 100 Days of Colour program came from.
That starts from the 1st of January and the 1st of July every year.
That program was me trying to find a creative way to incentivise myself to do my income tracking every single day.
For me, as a deeply creative person (which you wouldn’t have known if you met me 5 years ago but I am a really deeply creative person), progress art was the key to that.
I love creating artworks.
I love things like colouring in. (Although colouring in for no reason gets on my nerves a little bit. It’s hard for me to sink into that practice.)
I was able to bring my love of all things creative and my love for all things money together and used progress art as a way of motivating myself to track my income every single day.
Because I want to complete my progress art.
What ended up happening when I did that first 100 days was I created a giant canvas, and I was going for a $100K in a 100 days.
It was a giant stretched target for me.
It would have required me almost tripling my regular income at that point in time.
I didn’t make it in a 100 days. I think it took me 175 days or something crazy like that.
But what it did for me was it created this daily habit.
And all of the sudden, I could look back and notice:
What triggered me to stop the tracking?
What was happening when things went wrong?
What was just before the thing went wrong?
Up until that point, I got – intellectually – this whole concept of upper limit and energetic income level.
But until you see it in black and white, you do not realise just how clearly this manifests for us on a consistent basis.
In the first 100 days, I had a day when I had $11,000 of income.
Not only did my bank account get drained the very next day (my card got skimmed in Bali), but for the subsequent 12 days, I didn’t track my income and I hardly made a cent in my business.
I was so focused on getting my money back and I was so triggered by this huge influx of income that I completely wiped myself out in terms of income generation.
And anyone who knows me knows that consistent income generating activities is my thing.
I love it!
I have built up a pretty strong baseline income in my business.
I had the Heart-Centred Business Academy; it had over 50 members at that point in time.
I had regular payments coming in from people.
People who had never defaulted on their payments before… All of the sudden, their credit card had expired. Or, their payment didn’t go through because of some random things.
All this stuff were coming up.
It was like I could not get money even if I wanted to.
And clearly, energetically, I did not want money.
So it was a trigger for me to work on this.
It was a thing for me to notice.
Because at that time, I thought the only thing that was impacting my money mindset was when I had low-income days.
Even until I look back at what had triggered those low-income days, I was still blaming getting my bank accounts drained on what was causing this money mindset issue for me.
I was like, “I have my bank accounts drained. Clearly, I need to pay attention to my money.”
“I cannot recover on low-income days.”
“Low-income days are completely derailing to me.”
And I was being mean to myself about my low-income days.
I had some inner critic stuff coming up at that time.
There was so much work for me to do.
But when I took a step back and looked at that income tracking, I saw that those low-income days were preceded by a super high-income day.
If I hadn’t been doing that money tracking so diligently, for all of those days beforehand, I don’t know that I would’ve put two and two together the way that I did once I looked back.
And so, for me, this whole money tracking thing is not just about tracking your income, it’s focusing on your mindset.
It’s focusing on your time and space to process what has just happened that day.
For me, this income tracking has actually supported not only my mindset but also my strategy.
Because when I track my income consistently and I get to the end of the income tracking period and I see, “Wow! I’ve hit my income goal.”
Then I look at, “Okay, how does that feel?”
Then, I do my journaling about it.
Sometimes I would be like, “I don’t want to do it like that anymore.”
So it actually feeds into and informs my decisions about my business strategy.
“I’m not going to do a launch like that anymore.”
“I’m not going to run those auctions as consistently as I’ve been running.”
Or, for me, it also fed into my decision to close down the Lean Start-Up School program.
Because I was spreading myself so thin in the marketing process to get people into the Take Off program, that I wasn’t necessarily serving the Take Off ladies the way that I wanted to.
I felt like I was energetically blocking sales of Take Off because I didn’t know that I could handle any more people because I was still trying to nurture 2,000 people in Lean Start-Up School.
All of those realisations came through my journaling as a result of my daily income tracking.
Hopefully, you can see – by me sharing all of this random behind-the-scenes stories – that income tracking is not about income tracking.
But it starts with income tracking.
You need to make a decision that you’re going to consistently track your income for an extended period of time.
(Maybe this is a lifelong habit.)
I have now tracked my income every single day for over 3 years.
And that is really awesome! That feels amazing to me.
That feels like something that I want to do forevermore.
I’m going to continue to track my income every single day.
Even when I have a million dollar day, I’m going to track it.
Even when I’m making my billions or whatever it might be, I’m going to track my income every single day.
Because it is such a revealer.
It is such as powerful decision to give time, energy and attention to your money and your mindset.
Hopefully, you’re on the bandwagon.
If you are, I have great news for you.
As part of the #tashmas celebration, I’m giving away 10 copies of my income tracking and progress art book.
50 Pages of Colour is my income tracking progress art book.
(You can use it for things other than income tracking.)
This is my progress art colouring book that I did with the fabulous artist Hinarera.
We sell this book normally for $29, but I’m going to give away a free copy to 10 people.
What I want you to do is come over to the relevant post on my Facebook Page – the #tashmas Day 7 post.
I want you to tell me:
What do you think you biggest money block is right now?
Whether it’s something to do with your business, a mindset block, whether that be that you’re afraid to receive, whatever it is, I want you to tell me what your biggest money block is right now.
That will be your entry.
I will pick 10 people to win. I will pay for the postage.
And I will even write you a little personalised note to say thank you for being part of the #ladyposse.
This is valued at $29 plus postage.
I will pay for the postage. I will send it out to you no matter where you are.
All you need to do is come to the post and let me know what your biggest money block is.
All the links and everything that you need is with the show notes for today so you can go to tashcorbin.com/139 to see this episode and find the link to enter to grab your free copy of 50 Pages of Colour.
So hopefully, you’re on the money tracking train and hopefully, you’re also one of the lucky winners of the prize for today.
If not, we will have the link for you to go and purchase 50 Pages of Colour if you’d like to grab it.
And do keep an eye out for the next round of 100 Days of Colour in mid-May this year for us to start on the 1st of July together.
If you’re interested in 100 Days of Colour which is my group program, do keep an eye out for that.
That will be coming out in the next couple of months.
Now, one of the things that I do want to say is that 50 Pages of Colour actually does come with a free course. There’s a coupon code on the back and a link that will take you to the free course that comes with it.
It basically teaches you how to use the book and then also some of my hints and tips on how to manifest money and build that abundance mindset.
If you have any questions, please do let me know.
I’m really excited about this day of #tashmas.
I always love talking about money.
I’m no financial planner nor a financial advisor.
I’m not an accountant.
I’m not a bookkeeper.
I’m just sharing this tracking exercise as one of the most powerful things that I’ve done to help raise my money mindset.
It is not a bypass for accounting, bookkeeping and all of those other things.
Please make sure that you do take care of your money when it does come in.
There are some amazing experts in the #ladyposse who can help you with that.
But if the thing that’s going on between your ears is the thing that needs attention, then I highly recommend money tracking as a consistent daily process.
Until next time.
Thank you so much for joining me for this episode of the Heart-Centred Business Podcast.
I’ve been Tash Corbin. You’ve been a fabulous listener.
And I cannot wait to see you shine.
Bye for now.