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May 23, 2025 14 mins

In this episode, I’m sharing the payday routine that completely transformed my relationship with money. It’s the exact system I used to move from living paycheck-to-paycheck to building real financial momentum by 30. While everyone’s path is different, these are the habits and strategies that worked for me—and they might just shift how you think about your own financial future.

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S1 (00:00):
Welcome to business and the podcast for people making it
all happen. Running a successful business completely takes over your life,
but I'm a believer that there is still room for
some ands like health, wealth, beauty, and maybe even some fashion.
On this podcast, I'll share with you what's working for
scaling my nine figure business while keeping you up to
date on the latest trends, news and fun finds. This

(00:23):
is a place for business and let's dive in. Welcome
back to business. And we're talking about your payday routine.
This is fun. Getting paid. Super fun. Super exciting. Super cool.
But what's even more fun about getting paid is what
you do with the money, and how you view that

(00:45):
money is vital to your success as a business owner,
as a leader, as a team member, as somebody who
is trying to create a financial future of confidence and
have a lot of trust in themselves. So these are
my tips on what you do once you do get paid,
and how to shift your money mindset to have a
mindset that is in alignment with the type of financial

(01:06):
freedom you are targeting for the future. I hope you enjoy.
The first one is the most important. The ultimate secret
to building wealth is a simple daily reminder you are
broke even if you're making $50,000 a month. You see,
when you start to think about how much money you're
making and you get excited about the amount of money
you're making, you need to reduce yourself back down to zero.

(01:28):
The way the people who are successful think about money is.
It is an ever evolving, ever changing, ever attention grabbing tool.
It's something that they need to put their attention on,
they need to focus on. Because if you don't focus
on it, it is going to stay stuck, which because
of inflation, actually means that your money is getting devalued.
By fully accepting that you're broke, you shift your identity

(01:51):
and you open yourself to take the disciplined actions that
lead to wealth. This mindset creates an internal urgency to
keep working, to keep building and to focus on the
impact you create. The moment you start thinking you have
a lot of money is the moment where things start
to go awry. If you're like me, who thought she
was rolling in dough when she dropped out of college

(02:13):
and had $3,500 in her bank account? You are mistaken.
There is no real security in the money that you have.
The security that you have is in your ability to
earn money. The amount of money you have today is
based off of yesterday's work, so the only way to
truly create financial freedom and security is to have so
much confidence in what you can create today that would

(02:34):
allow you to make an impact on your bank account. Now,
yesterday's money is fantastic. Let's say you made $5,000 last month.
That's awesome. Your target for this month should be $10,000
because you're broke. The money that you created, the wealth
that you have, the work that you did is already over.
And it's crazy because I have watched people who have
made the exact amount of money that they could have

(02:55):
only dreamed about five years ago, within a couple of days,
maybe at most. A couple of weeks start to get insecure.
And the insecurity comes from the fact that they are
no longer doing what's required to create wealth. And as
insecurity creeps in, you start to constrain, you start to doubt.
You start to take less risks instead of truly being

(03:15):
at a place to have financial freedom. So yes, you
are broke. There's no shame in being broke. The only
shame in being broke is by thinking that you're not
actually broke, because now is the time where you need
to take action in order to get unbroke. Next is
number two. Most people never think with big enough numbers.
How much money could actually change your life? Have you
ever thought about this? Forget where you are today. Is

(03:37):
it $5,000 a month? Is it $10,000 a month? Is
it $50,000 a month? $100,000 a month, $1 million a month?
What is the number? Because if you aren't clear on
the number, I promise you you're never going to get
the number. A wild thing happens when you really do
the math with large numbers, because you will figure out
very quickly that what is required to get you to
where you want to go is entirely different from what

(04:00):
you're doing today. And we've already gone to zero because
we now know that we're broke. As long as we're
clear that the actions we're taking today are creating this
broke state, we have a lot of control, because what's
required then is to just act differently. Today. If you
are currently making $5,000 a month and you think $50,000
a month would be life changing, game changing money for you, amazing.

(04:24):
How do you ten x the output? Now, if you
work in an hourly job, I can promise you that
you just ten x amount of hours that you work
in a day doesn't work, because that math doesn't math.
You'd have to be spending your time in more valuable areas,
solving more complex problems with greater skill set in order
to earn ten times more money. So it becomes very

(04:45):
logical from there. What do I not know that somebody
who's making $50,000 a year does know that I need
to learn and be able to execute flawlessly at. I
know it's hard enough to confront that you're broke. But
while we're confronting that we're broke, we might as well
just confront the missing skills, the missing education, and the
incorrectly spent time that is just out of alignment with

(05:06):
your goals. When I was making $55,000 a year at
a job that I hated, I will never forget when
one of my team members who was interning in the
accounting department let me know that one of the C-suite
executives made $1 million a year. And I thought to myself,
what is he doing? And what does he know that

(05:27):
I don't? Because when I talk to this individual, he's
not that much smarter than me. He is certainly not
a harder worker than I am, and he's only a
handful of years older than me. So what am I missing?
Because I want to be making $1 million a year,
not making $55,000 a year. And as soon as I

(05:48):
found out this number, I just started to watch this man,
how he communicated, how he showed up to meetings, the
way that he presented himself the projects that he was
working on, and I recognized the way that he engaged
was entirely different than the way I engaged. He engaged
in a way that took full ownership and responsibility. I'll
never forget watching him in a meeting where he walked in.

(06:10):
He had no context to what we were talking about.
So I thought, and within 2 or 3 minutes, he
was entirely shifting the direction of the meeting to go
in alignment to the vision that he had. And it
was wild because he technically didn't even know what we
were talking about. But he did because he had full
ownership and full responsibility of driving that initiative forward. So

(06:30):
when you find that you're not getting paid, what you
think you should make fastest hack is to get in
proximity to somebody who is making that amount of money
and watch and compare how they show up versus how
you show up. Stop treating your paycheck like a prize.
It is your tool. Your income is your tool for
you to be able to have access to opportunities in

(06:50):
the future. And if you think of it like a prize,
you're going to think that you won something. you have
something to go celebrate about. There's no celebration in your paycheck.
You use your paycheck to fuel where you are trying
to go. It is the greatest tool that you have
in securing your financial future. Why? It gives you access.
You do not use money as if it is burning
a hole in your pocket, just ready to be spent

(07:13):
as soon as you earn it. You see, I've had
this mindset from a very young age. At first, when
I dropped out of college and had $3,500 in my
bank account and thought I was rolling in dough, I
all of a sudden realized how expensive the real world is.
And that realization hit me about a month after I
left school. How much bills were utilities were my car payment,
my insurance, and all of a sudden I had a

(07:34):
rude awakening that I was broke. And I kept this
broke mindset for a decade. When it came to stocking
up on toilet paper, I would buy one roll of
toilet paper, one box of Kleenex, one thing of shampoo
and conditioner, and it wasn't the nice stuff that I
used today. Why? Because I needed to conserve my money.
Because I recognized that it was the tool for my future.

(07:57):
It was not something that I just wanted to blow
and have instant satisfaction around today. Every dollar mattered, and
I did have quite a bit of anxiety about my
ability to stack up cash. Your ability to get this
discipline in, especially when you're young, sets you up for
success in the future because you can trust yourself with money.
If you can't trust yourself with money, you will never

(08:19):
have lots of money because people who have lots of
money know how to use money. If you're the type
of person that every time you get it, it goes
out the door and you spend it, you do not
have the self-control for your own impulses, for the world
to trust you with giving you their money. Why? You're
just going to go spend it. You're going to waste it.
You're going to blow it. First is the person who

(08:40):
has discipline and has enough of a long term perspective
to be able to have money so that they can
use it in moments when opportunities present themselves. This is
probably TMI, but I still have this conservation mindset. Now,
do I have enough money today to afford as many
razors as possible? Yes. But in my mind, growing up,

(09:01):
razors were expensive. And so you didn't want to replace
razors very frequently. I would go six months without replacing
my razor, and it would give me razor burn and
all the cuts, because the blade was dull and I
didn't want to spend more money because I thought razor
blade heads were really expensive. And it wasn't until my
husband finally said, Natalie, why do you use the razor

(09:22):
over and over and over again? When I realized that
he actually gets rid of his razor every single time
he uses it, compare contrast. And I realized that I
had this scarcity mindset. This scarcity mindset gives me a
lot of confidence in myself. The mindset is to use
your paychecks to get ready for the next opportunity. You're
never going to be ready if you just blow through
your money, and it's important to try and keep your

(09:44):
living expenses as low as possible. Not spending frivolously, not
taking on large payments. You think of your paycheck as
a launch pad for future growth and investments? Pay the
price today so you can pay any price tomorrow. Is
so grounded in this idea of financial discipline. What is
required of you today? In order to create the future

(10:07):
version of you, you are going to have to make sacrifices.
There's not a single successful person on this planet who
has a significant amount of financial wherewithal that created it themselves,
didn't make sacrifices. So what sacrifices are you willing to
make today? And if you are the type of person
who is serious about their goals, what's so cool is
it's pretty easy when you put it in this context

(10:28):
to say no to the Uber black or the lip gloss,
or to the fancy dinners, because if that's all that's
required to have discipline and to create confidence in yourself
that you are building into the future that you want,
it's not really that hard. So pay the price. What
is the price that you have to pay today if
you open your bank account up right now? I have

(10:49):
a feeling that you could find a handful of areas
where you need to pay the price and have a
season of scarcity. Are you willing to go through six
months of scarcity in order to build the habits and
the discipline of somebody who, you know, in the future,
has full control over where they spend their money? How
much is in their bank account and their ability to

(11:10):
create on opportunities. The answer, when you put it so simply,
is of course I am. That's an easy layup question.
So then start acting like that today as you open
up your bank account. What areas do you need to
have the sacrifice? So imagine that you're writing a book
about yourself. Future. You is able to talk about this
time where you went through scarcity, this time that you
created sacrifice, and you can point people to how necessary

(11:33):
it was for you to cut out certain luxuries. And
it kind of romanticizes the whole thing. Now, does it
feel romantic while it's happening? Of course not. But your
ability to tell the story and figure out ways to
sell yourself on why the sacrifice matters is important. So
mock up whatever the story is. Imagine you're in front
of hundreds of thousands of people in the future, and

(11:54):
you talk about the time where you had to sleep
on the floor, where you couldn't buy people Christmas presents,
where you worked 20 hour days. So what kind of
story do you want to tell? You see, sacrifice isn't
always about deprivation and starving yourself of great things. It
is about alignment with the future that you're building. So
choosing discipline over indulgence is what builds the character, the confidence,

(12:17):
and the cash required to level up your life. Lastly,
number five financial dependence kills trust and your power. No
one is coming to save you, including your future partner. Now,
this is for all my ladies out there who think
that they don't have to learn these lessons because somebody
is just going to come into their life and they
are going to take on the financial responsibility in the relationship.

(12:38):
Even if you find somebody who is more financially well
off than you are. You do not want to ever
be in a position where you feel like you are
dependent upon somebody. And Furthermore, there's nothing better in a
relationship than having the trust between two people that both
parties can be trustworthy with money. What I mean by

(12:59):
this is think about your future spouse here for a second.
Do you think that they would be excited to list
out this quality of yours? That you always buy things?
Whenever you have an instant urge? You have no ability
to be disciplined and you spend frivolously. No partner is
jumping up and down to be with that person unless
they are trying to take control of you. If you're
okay with somebody controlling you in this way, it's probably

(13:20):
a different video. But if you want to have a
lot of confidence in yourself in your future relationship, you
have to take responsibility. Your finances today because no one
is coming to save you. Even if they do have
more resources than you, you have to create the position
that you are able to take financial control at any
point in time, which would mean learning this discipline today.

(13:41):
Knowing your finances and having financial discipline isn't just smart,
it's super sexy. It builds trust. It builds influence, and
it builds power in your relationships. If you want to
be with somebody that has a high level of trust
in you, you have to be a person worthy of trust.
So do your spending habits reflect that you are trustworthy?

(14:02):
If they don't, how do you fix that? So the
person that you do end up spending the rest of
your life with actually trusts you. So treat your paycheck
and your finances with the value that you give yourself.
If you enjoyed this podcast, you are going to definitely
not want to miss out on my new newsletter. It
just dropped. I just started creating this content and I

(14:22):
am obsessed. Every single week in your inbox I am
going to send you business and which is exactly what
it sounds like. How do you fit business and all
the other things in your life so that you are
up to speed on fashion, beauty, wellness, all things that
really matter. If you want to subscribe and get this
special gift and weekly treat in your inbox, go to

(14:44):
Carmel Ventures.
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