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Look Your Money in the Face with Business Coach Kelsey Knutson
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Season 2: Episode #27
Look Your Money in the Face, Kelsey Knutson
Kelsey Knutson is a small business coach and podcast host based in the Pacific Northwest. She has a bachelor's degree in Entrepreneurship, is debt free, and has learned many money lessons along the way. She believes our relationship with money dictates the financial choices we make in business and life. And she’s on a mission to help people reframe how they think about money and implement sustainable systems to help them achieve financial (and life) goals.
- Inheriting different aspects of her relationship with money from her parents
- Learning about money through entrepreneurship versus being told about money
- Going to college without having conversations about how to pay for it
- Having up to four jobs at the same time in college
- Exchanging time for money
- The embarrassment of overdrafting her bank account
- The scarcity mindset
- Side hustles in college led to majoring in Entrepreneurship
- Dealing with imposter system
- Having an aha moment during the third round of job interviews
- Getting full-time consulting job through her university
- Quitting on a whim to go to beauty school and get into debt for the first time
- The difference between classes at University and Trade Schools
- Apprenticing under professionals
- Saving tips to accelerate debt repayment and become debt free within three years
- Starting business debt free
- Staring challenges in the face and then setting up processes to deal with them
- How your energy attracts others when you love what you do
- Here aha moment of balancing work and personal life came after fainting on the job
- Starting a business with a vacation already on the books as a way of forcing herself to stay within her work-life balance
- The profit first approach
- How having a safety net (emergency savings) allowed her to shift from salon owner to business coach, especially during the COVID-19 shutdown
- Starting a business out of passion and accidentally becoming an entrepreneur
- Finding a way to fund the bills, whether through business ownership or side hustles
- Starting her own podcast as another tool to achieve her life purpose
- Giving yourself grace in your personal finance choices
- Looking your financial challenges in the face rather than ignoring them
Links referred to in the episode, and how to connect with the guest, Kelly Knutson:
When I Grow Up Podcast
Profit First by Mike Michalowicz
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