Transforming Your Relationship with Money and Work with Wendy Barlin

Affordable Freedom

Welcome to the Affordable Freedom Podcast! In this exciting episode, we have the pleasure of hosting Wendy Barlin, an exceptional CPA and profit consultant for small businesses and entrepreneurs. Get ready for an insightful conversation that will bring immense value to both business owners and those dreaming of breaking free from the corporate world.

Joining us today is Wendy, who not only understands the importance of people and mission over profits but also recognizes the crucial role that profits play in achieving our goals. She shares her expertise on Profit First, a powerful tool that has transformed the way she manages cash for both her business and personal life.

Wendy guides us through the process of defining what we want our money to do for us, whether it's funding our dreams like traveling, attending conferences, or buying our dream home. By setting up dedicated bank accounts and allocating a percentage of our income, we can witness our progress toward our goals, building awareness of where our money comes from and where it goes.

In this conversation, Wendy and our host Brian explore the significance of percentages in financial management, enabling us to gauge our profitability and align our spending with our priorities. They discuss the envelope system, a tried-and-true method for setting aside money for specific goals, empowering us to make intentional choices about how we spend our hard-earned cash.

The conversation takes a turn as Wendy shares her personal journey from leaving her corporate career in 2001 to building a successful business, ultimately selling it. She offers valuable advice to aspiring entrepreneurs on the right time to quit their jobs and embark on their own ventures. Highlighting the absence of a perfect time, she emphasizes the importance of trusting our gut instincts and recognizing the signs that it's time for a change.

Discover how Wendy's decision was influenced by a significant event like 9/11 and how life-changing moments can prompt us to take action. Brian relates to this experience, having gone through a similar breaking point himself. They discuss the benefits of resourcefulness and the financial cushion needed before making the leap, acknowledging that while having a year's worth of savings is ideal, three to six months can also be manageable with careful planning.

Our guest encourages listeners to think about the "what ifs" and the sacrifices they're willing to make to pursue their dreams. She shares inspiring stories of individuals who have leveraged the gig economy and creative solutions to bridge the gap between quitting a job and building a business. Wendy's message is clear: life is short, and it's essential to prioritize joy and fulfillment in our work, valuing time and freedom over excessive financial security.

Tune in to this episode and get ready to be motivated and empowered to take control of your finances, follow your passion, and create a life of affordable freedom.