Alex Davis, a Certified Public Accountant and founder of AGA Tax and Consulting Services, dives into the detrimental effects of money blocks on business growth. She discusses the importance of understanding your financial relationship and strategies to overcome these subconscious barriers. Alex shares tips on self-reflection, tracking financial data, and the necessity of professional support. She emphasizes aligning personal values with financial decisions and encourages proactive engagement with one's finances for better entrepreneurial success.
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question_answer ANECDOTE
Saved A Nest Egg Before Leaving Corporate
Alex built up savings and credit before leaving her corporate CPA job to protect her family as a single mom.
She left in October 2021 for the online space to gain flexibility and raise her kids with more presence.
insights INSIGHT
Money Blocks Operate Subconsciously
Money blocks are subconscious beliefs that stop you from taking actions toward financial goals.
They can silently sabotage pricing, investments, and growth decisions in your business.
insights INSIGHT
Worthiness And Scarcity Warp Pricing
Worthiness and scarcity beliefs commonly make entrepreneurs undercharge and avoid needed investments.
Those mindsets limit client selection and long-term profitability by keeping pricing and offers misaligned.
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In this episode, I chat with Alex Davis, a certified public accountant and financial planner, about money blocks and their impact on business growth. We discuss the importance of money and systems in business, the challenges faced by single parents in entrepreneurship, and the influence of money blocks on decision-making. Alex shares tips for overcoming money blocks, including self-reflection and tracking financial data. We also emphasize the need for support in financial management and understanding personal money stories.
More about Alex Davis
Alex is a Certified Public Accountant, Certified Financial Planner professional, and Licensed Life, Health, & Annuity Agent. She is the Founder and CEO of AGA Tax and Consulting Services LLC, a boutique tax and financial coaching firm dedicated to help entrepreneurs build wealth through strategic tax planning and changing their relationship with money.
Takeaways
Money blocks are beliefs and thoughts that hold you back from achieving your financial goals.
Self-reflection and understanding your money story can help identify and overcome money blocks.
Tracking and analyzing financial data is crucial for making strategic decisions in your business.
Getting support from professionals, such as bookkeepers, can help manage and optimize your finances. Addressing money blocks and exploring the relationship with money is crucial for financial well-being.
Getting real with your numbers and determining your freedom number can help alleviate financial stress.
Overcoming scarcity mindset and money worship is essential for enjoying life and being present.
Strategic tax planning, including maximizing deductions and choosing the right entity for your business, can help minimize tax payments.
Implementing systems and organization in financial management can streamline processes and reduce stress.
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