Have you ever invested in an offer that sounded amazing, only to realize it wasn't what you expected?

In this episode of the Know Your Worth Podcast, Hannah Samlall, co-founder of Waterloo Street, shares the worst investment she made, and what she learned from it to avoid making that mistake again.

Sydney, Kristen, and Hannah chat through the type of research you should do before investing in a coach or service provider, the most important thing to validate before you sign up, and how you can use the power of delay to buy smarter.

Plus, Hannah shares her experience growing a business with repeat customers and the money mindset that’s supported her as a business owner.

14:07 — The surprising way you can relate researching clothing purchases and business investments

25:31 — How Hannah has created a “ladder” that creates repeat clients

26:20 — Hannah's "sexy money goal" and the mindset shift that comes with leveling up your lifestyle

28:55 — Hannah’s favorite money mindset belief

CONNECT WITH HANNAH

Hannah Samlall, co-founder of Waterloo Street in Pittsburgh, is a digital marketer turned website designer with a passion for supporting women-owned businesses through the Biz Collective. With expertise in public speaking, social media, and copywriting, Hannah excels in creating visually stunning and functional websites. Outside of work, she enjoys exploring local breweries, watching Gilmore Girls with her cats, and sharing her foodie adventures on Instagram. A Virginia Tech alum, she thrives on connecting with others and is always eager to meet new people and share her diverse interests.

https://www.linkedin.com/in/hannahsamlall/

https://www.instagram.com/hannahsamlall/

📈 UNDERSTANDING YOUR PROFIT AND LOSS GUIDE

Get the Profit and Loss Guide

❓TAX PLANNING QUESTIONS TO ASK YOUR ACCOUNTANT

Get the Tax Planning Questions Guide

🛍 75+ TAX WRITE OFFS

Get the Tax Write Offs

✅ BOOKKEEPING CHECKLIST

Get the Book Keeping Checklist

💵 BOOKKEEPING AND FINANCIAL ANALYSIS SERVICES FOR BUSINESS OWNERS

Apply for Bookkeeping or Financial Analysis Services

👋 CONNECT WITH SYDNEY & KRISTEN

Website: https://knowyourworthpgh.com/

Instagram: https://www.instagram.com/knowyourworth_pgh/

YouTube: https://www.youtube.com/channel/UC3wzOVSDSC-xsmLg8JJ8MJg/

When Alysa Gumto was a child, her dad was diagnosed with MS and told he could no longer work.

Her family went from two incomes to one.

While this might have created a mentality of lack for many people, this moment actually helped Alysa realize that she wanted to make her own money and needed to manage it well.

In this episode, she shares how from just 12 years old, she started making her own money, saving it effectively, and how the choices and skills she learned during those years allowed her to graduate college debt-free, buy her cars with cash to avoid heavy interest rates, and buying on a house by herself by the age of 27.

She shares how she prioritizes her financial goals and why she doesn’t consider the choices she makes around her money to be sacrifices.

Tune in to hear:

02:25 — A devastating moment during childhood that defined Alysa’s relationship with money

12:43 — How what we witness in childhood about money vs. what we’re taught can differ

15:10 — Why you’re not “sacrificing” when you’re making choices that align with your specific goals

22:08 — 2 things that have allowed Alysa to save for big money goals

CONNECT WITH ALYSA GUMTO

Alysa Gumto has 5+ years of experience as a Social Media Manager. She’s also a speaker and podcaster. She loves a good strategy to impact the bottom line.

https://copyfol.io/v/alysagumto

https://www.linkedin.com/in/alysagumto/

https://www.instagram.com/tellingitlikeitiswithalysa/

📈 UNDERSTANDING YOUR PROFIT AND LOSS GUIDE

Get the Profit and Loss Guide

❓TAX PLANNING QUESTIONS TO ASK YOUR ACCOUNTANT

Get the Tax Planning Questions Guide

🛍 75+ TAX WRITE OFFS

Get the Tax Write Offs

✅ BOOKKEEPING CHECKLIST

Get the Book Keeping Checklist

💵 BOOKKEEPING AND FINANCIAL ANALYSIS SERVICES FOR BUSINESS OWNERS

Apply for Bookkeeping or Financial Analysis Services

👋 CONNECT WITH SYDNEY & KRISTEN

Website: https://knowyourworthpgh.com/

Instagram: https://www.instagram.com/knowyourworth_pgh/

YouTube: https://www.youtube.com/channel/UC3wzOVSDSC-xsmLg8JJ8MJg/

Are you hiding bags and bringing them in?

Is your partner mad at you because you both agreed not to spend on something and you went and did it anyways?

Emotional and impulse spending always have a cost beyond the financial side of it. In this episode, Sydney and Kristen explore the psychology of emotional buying and how our spending habits affect our mental health just as much as our financial health .

They explore how your childhood experiences, money scripts, cultural influences, and societal norms influence your spending habits. The duo also shares their personal stories to illustrate how their upbringing shaped their spending habits and discuss strategies for recognizing and managing emotional buying.

01:18 — Exploring the Psychology of Emotional Buying

02:00 — Childhood Influences on Money Habits

11:29 — The Impact of Social Media on Emotional and Impulse Spending

13:44 — Why You Need to Define Money Values

17:56 — Strategies for Managing Emotional and Impulse Spending

📈 UNDERSTANDING YOUR PROFIT AND LOSS GUIDE

Get the Profit and Loss Guide

❓TAX PLANNING QUESTIONS TO ASK YOUR ACCOUNTANT

Get the Tax Planning Questions Guide

🛍 75+ TAX WRITE OFFS

Get the Tax Write Offs

✅ BOOKKEEPING CHECKLIST

Get the Book Keeping Checklist

💵 BOOKKEEPING AND FINANCIAL ANALYSIS SERVICES FOR BUSINESS OWNERS

Apply for Bookkeeping or Financial Analysis Services

👋 CONNECT WITH SYDNEY & KRISTEN

Website: https://knowyourworthpgh.com/

Instagram: https://www.instagram.com/knowyourworth_pgh/

YouTube: https://www.youtube.com/channel/UC3wzOVSDSC-xsmLg8JJ8MJg/

When you’re in the thick of it, learning how to manage financial anxiety can feel really overwhelming to overcome.

(Or it can feel like the only solution is to win the lottery and never have to think about money again.)

Financial anxiety is so common no matter your income level or skill set — it’s linked to our security and what we need to survive.

In this episode, Kristen and Sydney are sharing the insights as to why the connection between mental health and finances is so strong, anecdotes about their personal challenges with money, and actionable advice you can start implementing today for how to manage your financial anxiety.

01:32 — Understanding the connection between mental health and finances

14:09 — Why you need to have a simple budget to begin alleviating financial stress

15:47 — How to better focus on what you can control

21:54 — Seek social support and understanding different perspectives

26:18 — How practicing mindfulness and stress reduction can help you have a different relationship with money

📈 UNDERSTANDING YOUR PROFIT AND LOSS GUIDE

Get the Profit and Loss Guide

❓TAX PLANNING QUESTIONS TO ASK YOUR ACCOUNTANT

Get the Tax Planning Questions Guide

🛍 75+ TAX WRITE OFFS

Get the Tax Write Offs

✅ BOOKKEEPING CHECKLIST

Get the Book Keeping Checklist

💵 BOOKKEEPING AND FINANCIAL ANALYSIS SERVICES FOR BUSINESS OWNERS

Apply for Bookkeeping or Financial Analysis Services

👋 CONNECT WITH SYDNEY & KRISTEN

Website: https://knowyourworthpgh.com/

Instagram: https://www.instagram.com/knowyourworth_pgh/

YouTube: https://www.youtube.com/channel/UC3wzOVSDSC-xsmLg8JJ8MJg/

Whether you’re a new or established business owner, figuring out exactly what you need to know to manage and protect your business finances can make a huge difference in the success of your business.

When we work with new clients at Know Your Worth bookkeeping, we see even the most established businesses missing or overlooking some key elements for how to best manage and protect their finances.

In this episode, we’re breaking down exactly what you should be considering when it comes to your business finances so you can be sure you’ve set yourself up properly and your revenue is best protected.

02:21 – Setting up a bank account

10:45 – Income and expense tracking

13:22 – Insurance

16:36 – Contracts

📈 UNDERSTANDING YOUR PROFIT AND LOSS GUIDE

Get the Profit and Loss Guide

❓TAX PLANNING QUESTIONS TO ASK YOUR ACCOUNTANT

Get the Tax Planning Questions Guide

🛍 75+ TAX WRITE OFFS

Get the Tax Write Offs

✅ BOOKKEEPING CHECKLIST

Get the Book Keeping Checklist

💵 BOOKKEEPING AND FINANCIAL ANALYSIS SERVICES FOR BUSINESS OWNERS

Apply for Bookkeeping or Financial Analysis Services

👋 CONNECT WITH SYDNEY & KRISTEN

Website: https://knowyourworthpgh.com/

Instagram: https://www.instagram.com/knowyourworth_pgh/

YouTube: https://www.youtube.com/channel/UC3wzOVSDSC-xsmLg8JJ8MJg/

Knowing your numbers is important, but so is your money mindset.

Money mantras can be a simple way to reinforce what you want your relationship with money to be in this season and use it as a daily reminder that can help you take actions that align with that energy.

Throughout different seasons of our lives, we can get so stuck in our current thinking, patterns, and financial situation.

Tune in for 10 money mantras to create a better relationship with your money plus how to remember the money mantra you're working on

📈 UNDERSTANDING YOUR PROFIT AND LOSS GUIDE

Get the Profit and Loss Guide

❓TAX PLANNING QUESTIONS TO ASK YOUR ACCOUNTANT

Get the Tax Planning Questions Guide

🛍 75+ TAX WRITE OFFS

Get the Tax Write Offs

✅ BOOKKEEPING CHECKLIST

Get the Book Keeping Checklist

💵 BOOKKEEPING AND FINANCIAL ANALYSIS SERVICES FOR BUSINESS OWNERS

Apply for Bookkeeping or Financial Analysis Services

👋 CONNECT WITH SYDNEY & KRISTEN

Website: https://knowyourworthpgh.com/

Instagram: https://www.instagram.com/knowyourworth_pgh/

YouTube: https://www.youtube.com/channel/UC3wzOVSDSC-xsmLg8JJ8MJg/

If you currently feel overwhelmed with your money and business finances, it’s important to remember that money is just a skill.

We didn’t all wake up one day knowing all this information about how to manage our money and business finances.

That’s why, in this episode, we’re sharing the top five financial tips shared by our listeners that have helped them the most in their financial journeys as they grew their businesses.

01:22 — Why you always want to have a financial professional you can consult with

03:01 — The importance of recognizing where you need more financial education rather than being money-avoidant

06:12 — How Accounting Software and Tools can help fill in gaps in your knowledge and skill

12:27 — Why you may want to consider diversifying your revenue streams

14:14 — The connection between money and a positive mindset and resiliency

📈 UNDERSTANDING YOUR PROFIT AND LOSS GUIDE

Get the Profit and Loss Guide

❓TAX PLANNING QUESTIONS TO ASK YOUR ACCOUNTANT

Get the Tax Planning Questions Guide

🛍 75+ TAX WRITE OFFS

Get the Tax Write Offs

✅ BOOKKEEPING CHECKLIST

Get the Book Keeping Checklist

💵 BOOKKEEPING AND FINANCIAL ANALYSIS SERVICES FOR BUSINESS OWNERS

Apply for Bookkeeping or Financial Analysis Services

👋 CONNECT WITH SYDNEY & KRISTEN

Website: https://knowyourworthpgh.com/

Instagram: https://www.instagram.com/knowyourworth_pgh/

YouTube: https://www.youtube.com/channel/UC3wzOVSDSC-xsmLg8JJ8MJg/

When we start working with clients, about 25% of the time, we see errors with how they’ve set up and managed the chart of accounts in QuickBooks.

The chart of accounts is the listing of accounts that you use to categorize transactions, which then turn into your financial statements.

When you don’t have this set up correctly, it could look like you have more income or cash on hand than you really do, cause you to over- or under-paying taxes, and have the wrong data to base decisions on.

01:17 — What is the Chart of Accounts?

02:15 — Why choosing the wrong account types is so common in QuickBooks

07:59 — How the wrong accounts gives you the wrong data and can cause you to over- or under-pay in taxes

09:54 — Understanding how to correct this error and how the severity of it can add up by over-paying taxes and having someone fix it for you

11:19 — What to expect during a QuickBooks Clean-Up

15:43 — Utilizing AI for Chart of Accounts for your industry

If, after listening to this episode, you realize you haven’t set up your accounts in QuickBooks properly, now is the time for a cleanup so you can keep your books and numbers accurate for 2024.

This cleanup is very personalized depending on your business needs and will be discussed during our discovery call.

You may be new to Quickbooks OR you're looking to re-categorize existing transactions, reconcile accounts, examine journal entries, etc.

First, we’ll understand your goals for a QuickBooks clean-up, such as re-categorizing existing transactions, reconciling accounts, examining journal entries, etc.

Then, you’ll give us access to your QuickBooks so we can see what your current setup looks like, how long you’ve been in there, and see if any mistakes need to be amended.

We’ll provide you with a custom quote based on what your project needs along with an estimated timeline, and walk you through our recommendations.

Clean-ups can range in price but start as low as $400 for a simple cleanup and $1,200 a month for more complex fixes.

If you’re not in QuickBooks yet, but realize you’re at the point where you need to be (but want to ensure it’s set up correctly), we also offer a QuickBooks Set Up service starting at just $250. That way, even if you’re not quite ready to outsource your monthly bookkeeping, you can feel much more confident that it’s set up properly.

Book your call with us here!