193 | Restore Rewind: How I Went from $200K in Debt to Financial Freedom with these 4 Principles cover art

193 | Restore Rewind: How I Went from $200K in Debt to Financial Freedom with these 4 Principles

193 | Restore Rewind: How I Went from $200K in Debt to Financial Freedom with these 4 Principles

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In this episode of the Call to Lead podcast, I made an executive decision to veer off our scheduled program to share my personal journey from being deep in debt to achieving financial freedom. Last week, I introduced the first part of a series about the three biggest things holding you back in your business, starting with your mindset around money. A listener's inquiry inspired me to delve deeper into this topic by revisiting an old episode where I detailed my exact money breakdown and recommended strategies for direct sales success. I shared not only my financial framework but also the layers of my personal testimony, explaining how I partnered with my husband and applied biblical principles to get out of debt. This episode includes valuable insights on managing your money as a small business owner, planning on your average income, and dividing your income into percentages to ensure sustainable financial growth.

00:00 Introduction and Executive Decision

00:22 Revisiting Money Mindset and Financial Testimony

01:21 The Journey from Debt to Financial Freedom

03:27 Sharing the Debt Snowball Strategy

08:10 Starting Network Marketing and Family Budgeting

14:35 The Four P's of Financial Management

25:43 Breaking Down Financial Recommendations

26:41 Allocating Income: The 50-25-15-10 Rule

28:16 Investing Back into Your Business

30:20 The Importance of Giving

32:42 Detailed Breakdown of Monthly Finances

36:03 Personal Spending and Family Contributions

40:27 Savings and Investments

42:57 Final Thoughts and Encouragement

Episode Resources/References:

・Texting with Project Broadcast

・Easily Edit Your Videos + Podcast

・Get 50% off Stunning Emails

・Advent Reading Plan

・Bible App

Connect with Heather:

Called to Lead Telegram Community

HeatherKBurge.com

heatherkburge@gmail.com

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