A Peek Behind the Curtain: Breaking Down Our Monthly Expenses at Mommy Millionaire
CRAFTED Millionaire
Cayla Craft
4.9 • 1.3K Ratings
🗓️ 30 March 2023
⏱️ 16 minutes
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Summary
How much money does it take to make money? Let’s break down the reality of scaling your business to 7 figures and beyond!
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If you’re not assessing your expenses, you’re missing out on success! Today, we’ll be taking a close look into our monthly expenses here at Mommy Millionaire so you can understand what it takes to really scale to the next level! What expenses are we investing in each month? More importantly, what makes it all worth it? Find out what it takes to be an effective CEO and make the smart decisions you need to make along the way to scale!
00:30 What is the reality of scaling to 7 figures?
03:00 How much do we spend on monthly employee and contractor salaries?
05:20 Why are ad fees worth it?
07:50 What are the expenses for email and miscellaneous softwares?
08:55 The importance of watching your expenses.
12:45 What do you need the most to be an effective CEO?
Transcript
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| 0:00.0 | I get to spend my days really however I want and I get to spend a lot of time |
| 0:05.0 | coaching people but other than that I'm only working in my zone of genius and |
| 0:09.5 | then I get to be a mom which is what I really want to do right now so it's |
| 0:13.0 | worth it for me to invest in all of these people to come alongside me help me grow are you an |
| 0:21.8 | ambitious woman who is ready to create life changing wealth if so you're in the |
| 0:27.4 | right place welcome to the Mommy Millionaire Show this is your host Kayla Kraft I'm a |
| 0:32.8 | mom of three multi-millionaire master life coach and real estate queen I am so |
| 0:38.9 | happy and thankful that you're here I'm bringing you inspiring stories tools and |
| 0:44.0 | strategy to empower you to be the woman you're meant to be and step into the |
| 0:48.8 | life it's calling you over at Mommy Millionaire we pursue our lives with |
| 0:53.5 | purpose and love and the riches always follow I believe you are your biggest |
| 0:58.9 | asset so let's build you up today |
| 1:06.8 | hello hello I'm excited you're here with me today yesterday on Instagram I |
| 1:12.6 | hosted about my recurring income that comes in like on a daily basis and I |
| 1:20.6 | just took a screenshot of just the stripe payments that come through so if |
| 1:25.5 | you're not aware of what stripe is it's just a payment processing we use |
| 1:29.5 | stripe we use PayPal and then we also use my abundant which you've heard Chase |
| 1:34.4 | Kraft be on the podcast before that's his company that does payment |
| 1:38.4 | processing and then we also do just wires direct wires to the bank that are my |
| 1:42.5 | private clients so we have a lot of different ways that we take in payments and I |
| 1:45.8 | just showed a screenshot of stripe for the day and it happened to be around |
| 1:52.2 | $20,000 and that is a normal day at Mommy Millionaire and it makes me |
... |
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