246. Paying Off $70K Debt In 9 Months By Monetizing Multiple Skills Outside Her “Normal Business”

May 13, 2024

Entrepreneur Taylor Aller shares how she paid off $70K debt in 9 months by monetizing multiple skills using multi-potentialism. She discusses strategies for aligning personal and business finances, diversifying income streams, leveraging tax advantages, and balancing skills to achieve financial success.

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Introduction

00:00 • 2min

Exploring Multi-Potentiality in Debt Repayment Through Diverse Skills

01:59 • 3min

Journey to Financial Freedom Through Multi-Potentialism

05:04 • 21min

Diversifying Income Streams and Balancing Skills for Financial Success

26:24 • 9min

Success Story of a Health Supplement Company with Shopify and Planning Masterclass Offer

35:41 • 4min

Navigating Tax Advantages and Diversifying Income Streams

39:18 • 20min

Accelerating Debt Payoff Journey

59:36 • 7min

Debt - especially personal or consumer debt - feels like a monster most people prefer to shove in a closet, so we’re grateful to get a rare and financially vulnerable testimony of what managing and paying off debt as an entrepreneur actually looks like from our guest, Taylor Aller.

Despite making 6-figures as a multi-passionate registered massage therapist, educator and consultant, Taylor didn’t feel like her finances were in a comfortable place. After taking a deep dive into her and her husband’s financial situation, she faced head-on the $65K in consumer debt they had accumulated.

In today’s case study, Taylor details how they leveraged a concept called multi-potentialism to monetize a wide range of skills and pay off nearly $70K of debt and interest combined in just 9 months, without burning out.

View the transcript for this episode at: https://otter.ai/u/v1o944jhm5H_NQu3Qs4w9dOCcdI?utm_source=copy_url

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Connect with Taylor:

www.tayloraller.com
Taylor's TEDx Talk: https://youtu.be/GewisshHBRc?si=CrSzU0M4HCCmvy20

Listen to our episode on entrepreneurship taxes with Kaitlyn Carlson: https://link.chtbl.com/7BuSVxwt

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