Category Archives: Woman’s Finance

3 Ways to Take Control of Your Finances In the New Year

3 Ways to Take Control of Your Finances in the New Year

By | Woman's Finance | No Comments

Why do you struggle with money year after year?

It is because you do not have a clear goal or intention for your money, so it is spent on anything that comes up or that “shiny object” that you want in the moment.

Do you find yourself living from one paycheck to the other or running out of money at the end of the month?

Or maybe you say no to a trip that you really want to go on because you feel that you cannot afford it.

2015 is your year to take control of your money and start making money work for you…Imagine the end of the month comes and you have plenty of money in your bank accounts. Imagine the next time your friend calls and says lets take a trip, you say yes because you know you have money to pay for it.

This is such an amazing feeling that I want you to have!

Here are a few small, simple steps that will get you to that exact place.

  1. Set financial goals, if you do not have a goal for your money you will spend it on things that you do not need.  You must have a clear intention on exactly what you need out of your money every year.  For instance, your goal can be to pay off debt, buy your first home, go on a family vacation, save for a business, etc. Once you have an intention and a goal for your money you will be less likely to spend money on things that do not align with that intention.
  2. Pay yourself first!! I am sure that you have heard this many times, but many people that I coach and work with do not do this.  I love doing this is by putting 20% (or more if I do not need it at that time) of everything that I make into an account that is not attached to my debit card. This money is only used to invest in myself or my future. Investing in yourself can include things like starting a business, purchasing an investment or a home (if it makes financial sense).  It does not include clothing, food, a new car or a bills.  I promise after a couple months of this you will not notice the money you put away and you will be so surprised by how your money grows.
  3. Always have an emergency fund. This is not the same as paying yourself first. This is an account that you can use if you have an emergency, like an unexpected car repair, flat tire, unexpected bill, etc. My emergency fund is just my savings account that is attached to my checking account I keep $2000 in there and it just sits there.  Having this account allows you to always feel that you can take care of something if you need to. If an emergency happens, make sure that you put the money back as soon as you can. Keep an amount that makes you feel comfortable. This will allow you to get out of the mindset that you do not have enough money! When you feel like you have enough, it is an amazing feeling!

These three simple tips will absolutely change your relationship with money.

Start now…write down exactly what you want with you money this year.

Next week I will explain more about how to make this work so you get your results 90% of the time.

Make it an amazing week, and please leave me a comment below.

Much Success & Freedom,

Elena J. Forbes



Karie Hill interview

Female Entrepreneur Karie Hill Shares 3 Secrets to Charging What You’re Worth & Attracting Clients Who Love to Pay

By | Woman's Finance | No Comments

We are excited to wrap up our interview series this week with a very inspiring and successful female entrepreneur expert in the,

For The Women Who Wants It All: How To Live A Life Without Limits FREE Video Summit.”

We have brought 21 female entrepreneur experts together to share with you their secrets and strategies to help you create your business success and the lifestyle you desire and deserve.

Over 1300 women have come together to hear these interviews and we are getting some really awesome reviews!

Today in our last interview we share with you Karie Hill. 

Today….real bottom line money secrets! Discover how to create your financial independence.

Be sure to have a pen and paper handy!

Click here to access interview.

3 Money Secrets to Charging What You’re Worth and Attracting Clients Who Love to Pay!

  • Learn how increasing your prices will attract the kind of clients you love. 
  • Discover how getting clear on what you actually need to run your business and live your fab life that can create space for more time and abundance.
  • Discover how dating your dollars and creating a money ritual can boost your bottom line.

What we LOVE about Karie Hill! Keri felt drained and dreaded going to work as a police officer. She made the decision to put herself in the financial position to leave her job and pursue something that really gets her excited – teaching women about money! Kari is here to share her money secrets, and get you on track so you never have to worry about money again.

We share Keri with you because we know she is the best at helping  you kick Your money troubles to the curb and create smart, wealthy money habits!

There is no need to re invent the wheel. Look at those who have walked the path before you and gain wisdom and inspiration from them. It’s not the need to work harder, but the need to work smarter.

If you are ready to grow your business and build the life you desire and deserve, and your not quite sure exactly how to wrap your arms around how to achieve it then join us for this FREE interview series with Karie Hill and the other 20 female entrepreneur experts all sharing their areas of expertise.

Click here to access interview.


We would love to have you join us and hear your thoughts. Leave us a comment below and as always feel free to share this post with your family and friends.

We can’t wait to hear about your success!


To Your Life Without Limits,

Elena & Jean


P.S. We have tons of tips and strategies to share with you. Put in your name and email on this page and we will send them directly to your inbox starting today.


Challenges For Entrepreneurs & Online Business Owners Include A Tax Audit

By | Woman's Finance | 2 Comments

Tax audits are on the rise, especially for the Schedule C sole proprietor, which is what most small online business owner and entrepreneurs are.

One of the top challenges for entrepreneurs and online business owners is preparing for a tax audit.

Getting ready for an IRS tax audit is tedious, time consuming and scary all at the same time.

Being in the tax industry for over 14 years, and being online business owners and entrepreneurs, we thought it would be helpful for you, if we shared a few tips on how to prepare for a tax audit.

We got the “dreaded IRS audit letter” about a month ago and have been putting off getting organized until a few days before the audit. Since I’ve returned from my New York City vacation, it’s time to prepare for the IRS tax audit.

One of the challenges for entrepreneurs and business owners is constantly keeping good records in case you do ever get audited.

So when you get that “dreaded letter,” like I did, what do you do?

There are many steps and organization techniques that you can use to prepare your taxes, which we will go into in a different article. These are the steps for online business owners to get their papers organized and ready for the actual IRS audit.

1. If you prepared your own taxes, which we do not recommend for online business owners and entrepreneurs, we suggest taking the letter into a professional tax preparer to get help. One of the challenges for entrepreneurs and online business owners is knowing exactly what part of the tax return is being audited. A tax preparer will be able to tell you exactly what the IRS is auditing and what you will need to prove your deduction. Remember the burden of proof is on you; meaning if you do not prove the deductions then your deductions will be disallowed. We would also recommend that you have a professional go to the audit with you.

2. One of the challenges for entrepreneurs and an online business owners is determining exactly what is being audited. You will need to find and organize all your paperwork. In every tax audit they will want to see your

  • tax return,
  • any amendments that were made to the tax return,
  • all your bank statements and
  • credit card statements if you use a credit card for your business.

Get these main documents together first.

3. Write out what the IRS is auditing and the amount that you claimed on your tax return. For example, many times, for online business owners or entrepreneurs they audit miscellaneous expenses, which can include many things. Write out what they are and the amount that was claimed on your taxes and treat them as individual numbers. Then get the back up documentation for those numbers. Say finance charges were included in miscellaneous expenses, get all your credit card statements in a flat pile, highlight all the finance fees, then use a calculator with ticker tape to add them all up.

4. Color coordinate all your expenses with different highlighters.  For example, if they are auditing professional dues, finance charges and advertising. We would highlight all the professional dues in orange, finance charges in green, and advertising in pink. This way when they are looking at statements they know what the expense is for.

A few key tips to remember for an online business owners and entrepreneurs:

1. As online business owners and entrepreneurs, never go to an audit with your papers in the envelopes and unorganized.
2. As an online business owner and entrepreneur your goal is to be as organized as possible. The more organized you are  the quicker and easier the audit will be.
3. If you do not have all the documentation they want, get everything that you do have. This is better than nothing.
4. If changes are made to the year they are auditing they will look at additional years, so one of the challenges for entrepreneurs is taking the time getting everything organized.

These tips will help all you online business owner and entrepreneurs if you receive an IRS tax audit letter.

We wish you the greatest success in your online business and we are here to help you achieve your dream life.

Use the contact form on the right to get your free 7-Day Series, “Living A Life Without Limits,” for more business building pointers, tips and strategies. We are here to help!


To Your Life Without Limits…

Elena & Jean


P.S. Have you ever been audited? We would love to hear your experience. Share your knowledge by leaving a comment below. We love it when our posts are shared. Feel free to share the love with your family and friends.


successful women enterepreneurs

Successful Women Entrepreneurs Don’t Waste Time On Things That Don’t Make Money

By | Woman's Finance | 4 Comments

I hear so often when talking to women entrepreneurs that are getting started in their online business, that they are, “spending countless hours on their business and not making any money.”

I have to admit this has become a little of a pet peeve of mine.

If you’re going to be a successful women entrepreneur you have to stop wasting your time on things that don’t make you money.

Here is what I mean.

As soon as someone tells me they are putting in the time and not making money, I ask “how are you spending your time?”

If you are spending your precious time on things that don’t make you money, it won’t be long before you get discouraged and give up on your dream. This drives me crazy.

Truth is it’s called a hobby if you are spending your time on things that don’t make you money, or provide you some sort of return.

So if your stubbornly committed to activities that don’t make you money you aren’t running a business no matter how much time you are putting in.

Social media can be a big problem for new women entrepreneurs. With the growth of all the different social media platforms there has been a huge opportunity to get your business in front of millions of people. Women tend to be social and naturally enjoy the social media platforms.

The problem, social media has also been one of the biggest time wasters for new online entrepreneurs.

This is a trap I see new women entrepreneurs fall into.

The solution, use a timer next to the computer to keep track of how much time is being spent on your social media platforms. Social media should never take more then 5-15% of your total business time. The truth is social media feels, “safe,” for many people.

Successful women entrepreneurs are always pushing themselves into the fear zone and growing.

Social Media is not the only problem.

We have learned, to be successful female entrepreneurs, we needed to keep track of how we were spending our business time and weather or not it was creating the return we needed. Sometimes it’s hard to let go of projects, marketing, blogs or ideas that are not working.

Know the value of your time.

As  successful women entrepreneurs you have to be constantly aware of your time and if your effort is not producing some sort of measurable return then something has to change.  You must either change how or what you’re doing or totally cut your losses and move on.

A successful female entrepreneur, has a clear idea of what measurable results they want from a particular activity. It can be a certain amount of financial return, a growth in clientele or list size, or personal growth.

It’s essential to know what you want to get for your time, have the results be measurable  and know if it’s not working then something has to change.

Your time is valuable and can never be replaced. Know how your spending it.

We wish you the greatest success in your business. Feel free to share our post. We would love to hear how you have overcome time wasters in your business. Please feel free to leave us a comment below


To Your Life Without Limits,

Elena & Jean


P.S. Get your Free copy of, “Live A Life Without Limits,” by leaving your email at the top of this page, for more tips and strategies in building your business and more time management pointers.


Women And Money: Practical Tips For Keeping Track Of Your Money

By | Woman's Finance | 2 Comments

All women are looking for financial freedom and peace of mind. It’s a driving force for women entrepreneurs, but all businesses take some time and hard work to get off the ground. Well at least ours did, and we have not met any entrepreneurs yet that have told us that their success was fast or easy. Women and money advice have not always gone together, so we have a few practical tips to for female entrepreneurs starting their business to keep track of your finances.

I remember talking to my grandmother, and she was telling a story about how she and my grandfather would budget their money for the month. They would label different envelopes for all their different monthly expenses. One envelope for rent, groceries, electricity, etc.  She said, “We knew exactly how much goes to every bill and what we have, if any, left over for other things.”

They did two great things: one, they had an envelope marked “our money,” where
they paid themselves first and two, they always knew how they were doing financially.

This was so interesting because I had never seen anybody do this, and women and money by history were not a common combination. Men were more commonly solely responsible for the finances.

Today, things are purchased on credit cards without much thought. Today there is a feeling that things can be purchased now, and paid for later. As women we love to spend money, and if we want those $400 shoes we will get them, and think about our money goals “later.”

Of course, you don’t have to put your money in envelopes and label them for the month. But as female entrepreneurs we need to be aware of our money goals, and where are money is going.

Now don’t get me wrong, I am not suggesting you buy or not buy the $400 shoes, only that we be aware of our finances and then have what we spend or save be in alignment with our values and money goals. is the easiest and best program we have found to help keep track of our personal expenses. Mint has some great features for keeping track your finances.

Once you sign up for your account Mint will automatically pull in all your financial information so that you can view it all in one place. It will include bank accounts, mortgage, car loans, credit cards and investment accounts. Mint will then categorize your spending so that you are able to see where your money is going. You can set up monthly spending limits for all your categories. Mint will warn you if you are close to going over or have gone over your monthly budget.

Mint allows you to set up your money goals, like paying yourself first, paying off debt, saving for a vacation, a home, or setting up a retirement. It will allow you to designate the right account and then will do the math and coach you toward your goal. One of the key features that we love with Mint is that they tell you if you are losing money somewhere. The other day we had a notice that we were losing money with our savings account and gave suggestions of savings accounts that would pay more interest.

When living a life without limits it’s important to know what your money goals are. Take some time in a quiet place to really determine what you want your finances to be like for yourself and your family. Be sure your life without limits image is very clear and then write it down. Next time you are looking at the $400 shoes ask yourself if buying them brings you closer to your long term money goals or further away.

To Your Life Without Limits,

Elena & Jean

P.S. Leave us a comment and let us know how you keep track of your finances. As always we love it when you share our posts with your family and friends.