In this episode...
What if you knew exactly what to track and had an easy and simple way to do so?
Most creators have no idea how much they actually made this year, how much they spent, or what they're keeping. That gap between revenue and clarity is costing you thousands, and worse, it's keeping you from making confident business decisions.
Abby Morton walks through the five questions every creator should answer monthly: How much did I make? How much did I spend? How much do I actually keep? Who still owes me money? How much have I set aside for taxes? These aren't complicated accounting problems. They're the foundation of knowing whether your business is working.
You'll learn how to set up a monthly financial review that takes the anxiety out of spreadsheets, how to track income by category so you can see which revenue streams actually drive your business, and why a simple system beats a complicated one every time. Knowledge is power. Once you know the numbers, you can stop guessing and start building.
Highlights:
• The 5 essential financial questions every creator should answer monthly
• How to set up a simple tracking system that doesn't require spreadsheet anxiety
• The real cost of not tracking unpaid invoices (one creator discovered $40,000 owed)
• How to know exactly when you can afford to hire help or invest in your business
• Tax planning strategies so you're not scrambling on April 15th
Chapters:
0:00 Why Creators Need to Know Their Numbers
2:39 The Five Numbers Every Creator Should Track
3:47 Four Tips for Making Tracking Easier
8:47 Question 1: How Much Money Did I Make?
10:38 Question 2: How Much Money Did I Spend?
13:01 Question 3: How Much Money Did I Keep?
14:36 Question 4: Who Owes Me Money?
16:45 Question 5: How Much Have I Saved for Taxes?
17:42 Using Your Numbers to Make Better Business Decisions
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Helpful Links:
Money Flows Tool: https://creatormoney.com/tools/
Creator Deduction Guide: https://creatormoney.com/guides/
Free tools, resources & ways to connect with Abby: https://beacons.ai/creatormoneyfp