Welcome to FU Money! Today’s episode features an interview with Tina Chen – she champions women’s business issues and helps them gain financial freedom! She’s an author, coach, entrepreneur and all around incredible person!
She describes her background as a ” Biography of zeroes” – No inheritance, no blue blood last name, the wrong gender, the wrong ethnicity, the wrong personality (introvert), the wrong age (20’s). While she didn’t have privilege growing up, she recognizes that many people have a worst upbringing than she had. There was no business DNA in her. The only people that had wealth in her family were women who married money.
She got a small taste of freedom when she took a day off before a long weekend. She caught a glimpse of it when she got her hair done, and did all of her errands in the middle of the day on that Friday. She realized that is was so much nicer to have schedule freedom, so she went back to work the next Monday and quit her job.
She only had about $3000 in savings and had a $6000 tax refund coming. She figured that could last for several months, and if worse came to worse, she would rent out her house and move in with family. She would have rather given up any material possession she had than to give up her time freedom.
Biggest Mistakes in her entrepreneurial journey:
- Once opportunity starts knocking, it will get out of control. At one point she had 4 businesses going because of the shiny object syndrome. Focus on one thing until it is finished.
- Accidentally creating another job for themselves. It makes it harder to do this for yourself, than if you worked for someone else. Don’t create a hamster wheel.
“Women who are free shall set the world free!” Tina Chen
When did you go from Soloprenuer to Entrepreneur?
- “If you don’t have an assistant, then you are the assistant!” She had to hire a VA to get her there and make her relinquish control.
- Am I being the best boss I can be to my VA? Are my instructions clear? Am I being the best boss I can be to myself?
- Continued to work with her coach on her worthiness. She had to figure out what she had to say and what it was worth to other people. The higher my self-worth, the better my business did. Self-worth and net worth are intimately correlated.
How do you get over being an introvert in order to speak publicly?
Susan Cain – Quiet, The Power of Introverts – this helped her realize that being introverted wasn’t a liability. Introverts and extroverts aren’t in competition with each other, but they are stronger when used in compliment with each other.
I had to embrace the online world. I am never going to go to a bunch of networking events, but I can accept that the online world is perfect for me to build relationships.
Self-care contributes to self-worth.
Having a coach helped her deal with her self-worth issues. Building a freedom lifestyle business is harder than just building a business.
Self-worth is the wind for the sailboat!
What is the key to success?
- Consistency – doing one thing a day will grow exponentially and make you more successful than trying to achieve great things all at once.
2. Figure out your why. Watch Simon Sinek’s Ted Talk speaks to the why about your business.
Marianne Williamson Quote:
“Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light, not our darkness that most frightens us. We ask ourselves, Who am I to be brilliant, gorgeous, talented, fabulous? Actually, who are you not to be? You are a child of God. Your playing small does not serve the world. There is nothing enlightened about shrinking so that other people won’t feel insecure around you. We are all meant to shine, as children do. We were born to make manifest the glory of God that is within us. It’s not just in some of us; it’s in everyone. And as we let our own light shine, we unconsciously give other people permission to do the same. As we are liberated from our own fear, our presence automatically liberates others.”
You can reach out to Tina at:
www.innerouterwealth.com – free wealth mastery kit
To Your F.U. Money!
Mike & Rob