170. Credit Card Debt, Business Loans, High Interest, and Bankruptcy

Register for my FREE wealth class for entrepreneurs hosted every Monday: https://ginaknox.co/masterclass  Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind  Join Small Business Money School: https://ginaknox.co/school     In this episode, Gina Knox shares her personal journey with credit scores, detailing how she raised her credit by 35 points in just seven days. She discusses the impact of financial avoidance on her credit history, the importance of understanding credit utilization, and effective strategies for improving credit scores. Gina emphasizes the significance of monitoring credit and making timely payments to enhance financial health, especially for future financing needs.   Timestamps: 00:00 - Understanding Credit Scores and Personal Experience03:09 - The Impact of Financial Avoidance05:55 - Credit Utilization and Its Effects09:02 - Strategies for Improving Credit11:49 - Monitoring Credit and Future Planning   Takeaways: Gina raised her credit by 35 points in seven days. Financial avoidance can lead to significant credit issues. A missed payment can affect your credit for seven years. Credit utilization is crucial for maintaining a good credit score. Increasing credit limits can help lower utilization rates. Paying statement balances early can improve credit scores. Understanding how credit card reporting works is essential. Monitoring credit provides valuable data for financial planning. Timely payments are vital for future financing opportunities. Gina offers a free debt class to help others manage their finances.   Category: Debt   Keywords: credit scores, financial avoidance, credit utilization, credit improvement, personal finance, credit monitoring, debt management, financial strategies, credit card tips, financial education

Register for my FREE wealth class for entrepreneurs: https://ginaknox.co/masterclass  Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind  Join Small Business Money School: https://ginaknox.co/school     In this episode, Gina Knox shares her journey and preparations for potentially buying a home as an entrepreneur. She discusses the unique challenges entrepreneurs face in securing a mortgage, the financial strategies she is implementing, and the importance of defining her dream home and lifestyle choices. Gina emphasizes the need for thorough financial planning, tax strategies, and personal finance management to ensure a smooth home buying process.   Timestamps: 00:00 - Introduction and Personal Updates02:48 - Preparing for Home Buying as an Entrepreneur07:32 - Financial Strategies for Home Purchase12:11 - Managing Personal Finances16:26 - Defining Dream Home and Lifestyle Choices   Category: Wealth   Keywords: home buying, entrepreneurship, financial planning, mortgage, personal finance, tax strategy, cash flow management, investment, budgeting, real estate

Register for my FREE debt class for entrepreneurs: https://ginaknox.co/masterclass-ad  Join Small Business Money School: https://ginaknox.co/school  Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind    Episode Synopsis:  In this engaging conversation, Chaitra Radhakrishna shares her journey from being a software engineer to becoming a successful entrepreneur and the owner of Pink Pot Studio. She discusses her rebranding efforts, the influence of her father's financial wisdom, and how motherhood reshaped her perspective on business and financial independence. Chaitra reflects on the challenges she faced during her maternity leave, her determination to hit a $100K revenue goal, and the importance of value-based pricing. The conversation also touches on unexpected life changes and the resilience of women entrepreneurs. In this conversation, Gina Knox shares her journey of confronting limiting beliefs about money, the shift to financial responsibility as an entrepreneur, and the importance of continuous learning in wealth building. She discusses how her mindset evolved from viewing wealth as merely saving money to understanding the significance of investing. Gina emphasizes the need for entrepreneurs to build wealth alongside their businesses to reduce financial pressure and enable risk-taking in their ventures.   Timestamps: 00:00 - Introduction to Chaitra Radhakrishna03:07 - The Journey from Software Engineer to Entrepreneur05:53 - First Memories of Money and Family Influence09:00 - Motherhood and Its Impact on Financial Independence12:09 - Navigating Business Challenges During Pregnancy14:55 - The Shift in Mindset After Motherhood18:13 - Pricing Strategies and Overcoming Money Mindset Blocks21:00 - Unexpected Life Changes and Financial Decisions24:20 - Confronting Limiting Beliefs About Money30:19 - The Shift to Financial Responsibility38:38 - Redefining Wealth Building46:12 - The Importance of Continuous Learning in Wealth Building  About Chaitra Radhakrishna: Chaitra is the founder of The High-End Web Designer (HEWD), a coaching program that helps web designers scale to $10K+ projects while working less than 20 hours a week. After growing her own Shopify design studio, Pinkpot Studio, to six figures with high-end clients, she now teaches other designers how to raise their rates, attract premium clients, and build businesses rooted in sustainable ambition—profitable, balanced, and designed to fit their life, not the other way around.   Where to find Chaitra: Website: https://chaitraradhakrishna.com/   Category: Wealth   Keywords: Entrepreneurship, financial independence, motherhood, money mindset, business journey, rebranding, pricing strategies, personal growth, family influence, challenges, money mindset, entrepreneurship, financial literacy, wealth building, limiting beliefs, investing, cash flow, assets, financial responsibility, continuous learning

Apply to 7 Figure Wealth Mastermind Before Doors Close on May 9th 2025: https://ginaknox.co/mastermind      Episode Synopsis:  In this conversation, Gina Knox interviews Genevieve Dominguez, a myofascial release therapist, about her journey in business and her evolving relationship with money. Genevieve shares her experiences with pain management through myofascial release, her struggles with financial habits influenced by her parents, and her transformation in understanding wealth building. The discussion highlights the importance of having a financial plan, the cycle of spending and saving, and the strategies Genevieve implemented to secure her financial future. In this conversation, Gina Knox and Genevieve Dominguez explore the intricacies of personal finance, emphasizing the importance of cash management, organizing money effectively, and overcoming the mindset barriers that prevent individuals from building wealth. They discuss practical strategies for managing finances, the significance of investing, and the notion that wealth is attainable for everyone, regardless of their background. The dialogue encourages listeners to take actionable steps towards financial literacy and to seek community support in their wealth-building journey.   Timestamps: 00:00 - Introduction to Genevieve03:05 - Navigating the Business Landscape05:58 - Understanding Money Mindset08:58 - The Cycle of Spending and Saving12:06 - Wealth Building Realizations14:58 - Strategies for Financial Growth21:41 - Understanding Personal Finance and Cash Management24:42 - The Importance of Organizing Money28:59 - Breaking the Wealth Mindset Barrier32:37 - Overcoming Financial Limitations36:53 - It's Never Too Late to Start41:48 - Finding Help and Community in Wealth Building  About Genevieve Dominguez: Born and raised in Huntington Beach I recently returned to my home town and opened up a Myofascial Release office to help people get out of pain. I am Physical Therapist Assistant and became a massage therapist after taking my first John Barnes Myofascial Release class. I knew instantly I wanted to only treat people with MFR because it works! I opened my first office after starting coaching with Heather Hammell (The MFR Coach) in April 23 and closed it in October of 24 then moved to HB. I am a veteran of the US Army and proud to take care of veterans. I love having my own business and excited to help people with pain and dysfunction.   Where to find Genevieve:   Website: www.hbmfr.com Instagram: @hbmyofascialrelease Facebook: https://www.facebook.com/genevieve.dominguez.9    Category: Wealth   Keywords: Myofascial Release, Business, Money Mindset, Wealth Building, Financial Strategies, personal finance, cash management, wealth mindset, financial education, investing, money organization, wealth building, financial literacy, budgeting, financial planning

 Free wealth masterclass: learn how to create 10k per month in passive income using the stock market: https://ginaknox.co/masterclass  Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind      Episode Synopsis:  In this engaging conversation, Gina Knox interviews Nikki O'Dea, a former nurse turned health coach, about her transformative journey from struggling with financial habits to achieving personal and professional success. They discuss the challenges of transitioning careers, the importance of understanding business finances, and the psychological aspects of money management. Nikki shares her experiences with budgeting, overcoming avoidance, and improving her marriage dynamics through open communication about finances. The conversation highlights the parallels between weight loss and financial management, emphasizing the need for personalized approaches and the importance of progress over perfection. In this conversation, Gina Knox and Nikki O'Dea explore the intricate relationship between quality of life and financial goals. They discuss the common misconception that achieving financial success requires sacrificing enjoyment and quality of life. The dialogue emphasizes the importance of removing shame from financial decisions, understanding the realities of debt, and embracing imperfection in both health and finances. Nikki shares her personal journey of financial transformation, highlighting the realistic steps taken to improve her financial situation while still enjoying life. The conversation concludes with a focus on the importance of intentional decision-making and the understanding that financial confidence can be achieved without perfection.   Timestamps: 00:00 – Rock Bottom Finances: “I hoped my debit card wouldn’t decline”05:14 – The Breaking Point: “We were spending—but not communicating”09:52 – Enter Gina: “I needed someone to sit in my shame with me”14:26 – The First Wins: $1K saved and a weekly budget that felt good18:43 – Budgeting Without Punishment22:15 – “I didn’t give up DoorDash, I just got intentional”26:01 – A $16K Debt Payoff and $35K Portfolio Growth30:40 – Marriage, Money, and Finally Feeling Safe34:55 – If You Think You’re Bad With Money, Listen to This38:07 – Nikki’s Advice to the Woman Who’s Avoiding Her Finances   About Nikki O'Dea: Nikki O’Dea is a nurse, health coach, and creator of the Keep It Off Academy—her signature fat loss program for busy women who want to ditch extreme diets and finally lose weight in a way that lasts. Her practical, no-fluff methods have helped hundreds of women get leaner, stronger, and more confident—without giving up real food or real life.   Where to find Nikki: Website: www.keepitoffcoaching.com Facebook: www.facebook.com/groups/simplifiedfatloss Instagram: www.instagram.com/nodea10    Category: Debt   Keywords: health coaching, financial habits, entrepreneurship, budgeting, personal finance, marriage dynamics, weight loss, business coaching, mindset shift, financial literacy, financial goals, quality of life, debt management, financial confidence, budgeting, health and wellness, personal finance, money mindset, financial transformation, self-improvement

Register for my FREE wealth class for entrepreneurs: https://ginaknox.co/masterclass  Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind  Join Small Business Money School: https://ginaknox.co/school     In this episode of Small Business Big Money, host Gina Knox discusses the common financial struggles faced by small business owners and emphasizes the importance of addressing personal wealth goals despite messy business finances. She explores the mindset that perfection is required before building wealth, the high costs associated with delaying wealth building, and the necessity of taking action to create a wealth portfolio. Gina encourages listeners to understand that they can work on both their business finances and personal wealth simultaneously, and she invites them to join her free wealth masterclass for actionable steps.   Timestamps: 00:00 - Everyone has a messw01:30 - Understanding your messy books04:50 - The Perfectionism Delay Loop07:38 - The REAL Cost of Delaying Wealth Building12:00 - Building Wealth While Managing Business Finances16:19 - Taking Action Towards Wealth Building   Category: Wealth   Keywords: small business, finances, wealth building, personal finance, entrepreneurship, financial security, investment, money management, business coaching, financial literacy

Register for my FREE wealth class for entrepreneurs: https://ginaknox.co/masterclass  Join Small Business Money School: https://ginaknox.co/school  Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind    In this episode, Gina Knox shares her journey towards setting ambitious financial goals, particularly focusing on her desire to grow her taxable brokerage account to a million dollars. She discusses her philosophy of underpaying for housing to maintain disposable income and the importance of waiting for the right time to make significant financial decisions. Gina emphasizes the need to take responsibility for one's financial future and the benefits of paying attention to financial goals without sacrificing enjoyment in life. She encourages listeners to set their own financial goals and pay attention to their financial wellness.   Timestamps: 00:00 - Setting the Stage for a New Challenge05:24 - Why You Should Always Underpay For Housing (when possible)10:48 - Setting Audacious Financial Goals15:35 - Taking Responsibility for Future Self20:32 - The Journey to Financial Freedom   Category: Wealth   Keywords: financial goals, housing budget, investment strategies, future planning, personal finance, disposable income, financial responsibility, wealth building, money management, financial wellness

  Free wealth masterclass: learn how to create 10k per month in passive income using the stock market: https://ginaknox.co/masterclass  Join me every Monday for my FREE business debt pay off class: https://ginaknox.co/masterclass-ad  Join Small Business Money School: https://ginaknox.co/school  Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind    Episode Synopsis:  In this conversation, Gina Knox and Dielle Charon discuss the current economic climate, focusing on the mindset needed to navigate financial challenges. They explore the difference between stock market recessions and on-the-ground economic impacts, share personal experiences with financial hardship, and emphasize the importance of taking risks and seizing opportunities during downturns. The discussion also highlights strategies for growing a business and audience in uncertain times, encouraging listeners to act with agency and creativity. In this conversation, Dielle and Gina discuss the importance of adapting to economic challenges, focusing on growth rather than maintenance, and the significance of community support in business. They emphasize the need for a positive mindset, innovative marketing strategies, and the value of personal development to navigate through tough times. The discussion also highlights the role of objections in sales and the necessity of addressing them effectively to convert leads into clients.   Timestamps: 00:00 - Introduction to Financial Coaching and Economic Context03:00 - The Hunkered Down Mentality and Its Implications06:07 - Understanding Recessions: Precedented vs. Unprecedented09:13 - On the Ground vs. Stock Market Recessions11:46 - Personal Experiences with Financial Hardship14:47 - Transforming Financial Trauma into Opportunity17:59 - The Importance of Agency in Economic Downturns20:54 - Investing During a Recession: The Long Game23:50 - Opportunism in Business: Seizing the Moment27:05 - Growing Your Audience and Expanding Offerings33:55 - Exploring New Opportunities in Sales Training38:06 - Mindset Shifts: Growth vs. Maintenance in Business44:42 - The Importance of Community in Business52:10 - Navigating Economic Challenges with Optimism01:00:05 - Empowerment Through Personal Development and Community   About Dielle Charon: I empower women of color with high-converting sales strategies and generational changing mindset work all over the world to dismantle white supremacy, the patriarchy, and societal norms, by helping them build wildly profitable online coaching businesses. Those clients who have committed to doing the work, have seen the results that I have and are on their way to building the empires, legacies, and generational wealth they so deserve.   Where to find Dielle Charon: Website: https://diellecharon.com/  Social: https://www.instagram.com/diellecharon/  Podcast:  https://diellecharon.com/podcast/    Category: Entrepreneurship   Keywords: financial coaching, economic downturn, recession, investing, business growth, financial trauma, stock market, entrepreneurship, audience growth, sales strategies, sales training, business growth, recession mindset, community support, personal development, economic challenges, sales strategies, client relationships, mindset shifts, innovative marketing           

Join me every Monday for my FREE business debt pay off class: https://ginaknox.co/masterclass-ad  Join Small Business Money School: https://ginaknox.co/school  Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind    In this episode of Small Business Big Money, Gina Knox discusses the importance of normalizing wealth, accessibility to financial knowledge, and the intentional building of wealth. She reflects on her own upbringing in a financially stable household and how it shaped her understanding of money. Gina emphasizes the ripple effects of financial education on future generations and the significance of starting the journey of wealth building now, regardless of one's current financial situation.   Timestamps: 00:00 - Introduction to Wealth Normalization02:52 - The Importance of Financial Stability06:10 - Accessibility of Wealth and Knowledge08:59 - Intentional Wealth Building11:49 - The Ripple Effects of Wealth Education15:04 - Generational Wealth and Its Impact   Category: Wealth   Keywords: small business, wealth normalization, financial stability, wealth education, intentional wealth building, generational wealth, financial literacy, small business finance, money management, financial security, wealth accessibility

In this episode we speak with Linda Sidhu, an entrepreneur and community builder, who shares her journey from pharmaceutical sales to creating a thriving online community. Linda discusses the importance of understanding personality types in sales, the shift from quiz funnels to community building, and how life-changing experiences have shaped her perspective on business and personal connections. She emphasizes the value of vulnerability, collaboration, and the need for genuine community engagement. In this conversation, Linda and Gina explore the importance of receiving in personal and professional contexts, the necessity of pivoting in business, and the value of building long-term relationships over transactional interactions. Linda shares her experiences with receiving, affiliate marketing, and community building, while also emphasizing the significance of understanding one's ideal client. The discussion highlights the adaptability required in entrepreneurship and the importance of nurturing connections for sustained success.   Join me every week for my FREE business debt pay off class: https://ginaknox.co/masterclass-ad  Join Small Business Money School: https://ginaknox.co/school    About Linda Linda Sidhu is the Founder of the MixerMind and a quiz strategist who creates compelling personality quizzes that attract numerous new subscribers. Leveraging her experience in pharmaceutical sales, she translated her success in face-to-face interactions into a highly effective personality quiz framework. Recognized by Forbes, her insights shine on notable platforms like Cubicle to CEO and The Systems Saved Me Podcast, enhancing business growth through personalized strategies. Linda's passion for list-building, community growth, and meaningful connections propels entrepreneurial success for all those in her orbit.   Where to Find Linda: What's Your Visibility It-Factor Quiz: https://lindasidhu.com/quiz Instagram: https://www.instagram.com/iamlindasidhu    Timestamps: 00:00 - Introduction to Linda Sidhu and Her Journey02:01 - From Pharmaceuticals to Entrepreneurship09:48 - Understanding Personality Types in Sales15:57 - The Shift to Community Building20:51 - Life-Changing Moments and New Perspectives24:05 - Fostering Genuine Community Connections29:40 - The Art of Receiving40:32 - Navigating Business Pivots48:19 - Building Long-Term Relationships   Category: Entrepreneurship   Keywords: entrepreneurship, community building, sales strategies, personality types, quiz funnels, networking, vulnerability, partnerships, online business, personal growth, receiving, business strategy, community building, entrepreneurship, ideal client, affiliate marketing, resilience, long-term success, collaboration, visibility, cancer, cancer survivor