168 - How to Get Out of Debt as a Small Business Owner with Sharlene Mohlman

Scale Your Small Business

Today's guest, Sharlene Mohlman, is a published bestselling author who is very passionate about helping to empower professional women eliminate their debt and build successful financial portfolios so they can achieve financial freedom and create generational wealth. She's created a community of like-minded women who wanna live life more deliberately, but more importantly, abundantly. Please welcome Sharlene Mohlman.

Here are the top takeaways from this episode:

• It's important to grow your savings as you're eliminating your debt. That could mean doing 50/ 50 for a while - 50% going on your debt and 50% going in your savings.
• We don't know the future and it's such a gamble and a risk, and if we don't have anything there to back us up we're just gonna continue into that pattern of more debt.
• It's important that when you're finally starting to make a little bit of extra money that you pay off your debt and put money aside so that you're able to grow and scale your business. If you don't have money set aside and something happens, you're just going to keep getting further into debt.

To access the full video, show notes and resources from this episode, please visit https://scaleyoursmallbusiness.org/blog/.

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