A layoff feels like the end. It can be the push that gets you building something of your own.
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When my client Mary Leonard told me she was losing her job, I said, "Losing your job was the best thing that ever happened to you."
Whether you've just been laid off or you're afraid you might be, hear me out.
Here's what I meant:
At the same time, with the right team around them, they put money that had been sitting idle to work. That income replaced Mary's salary, and they started climbing out of debt.
If you make good money and still have nothing left, the problem probably isn't your income. It's your structure, your team, and how much you're still doing alone.
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My client Kerry Kingsley made $15,000 a month from two businesses. After taxes, she told me, that was about all she had left.
Whether you own a business or earn a high salary, making money and keeping it are two different skills.
Here's what changed for her:
The biggest shift was personal. Kerry described herself as someone who takes care of people. "I think I do that too much," she said.
Building wealth meant she had to stop doing everything herself.
Your dream isn't too big. Build the business that funds it first, and learn how to run something along the way. Then go build the dream.
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When I asked my client Patricia Beasley what she wanted, she said, "$10 million and $200,000 a month in cash flow." I told her, "You're on Fantasy Island."
A big dream is never the problem. Getting the order wrong is.
Here's what happened next:
She paid off her credit card debt within two years. Then she launched her summer camp as a nonprofit, run like a business, with a plan, marketing, and a team behind it.