Episode 803: The 3 Essential Money Skills (and 4 Monetary Models) That Will Make You a Millionaire

One of the most common dilemmas facing entrepreneurs today is what comes first: making the money or mastering the mindset to keep it? Much like the age-old "chicken or the egg" riddle, these two pillars of business are deeply interconnected, feeding into one another to create a thriving ecosystem, and Jenni and I are breaking it all down for you in this one.

Today we look at where you should start in terms of a self-audit, how the three essential skills of money help you identify exactly where you should be pouring your energy based on the current stage of your business, and so much more.

Whether you are a brand-new creator building from scratch, a seasoned pro looking to scale without burnout, or a leader trying to determine why your high revenue isn't translating into profit, this episode will light the way for what to do next!

Want my Business Profitability Playbook? Come follow me on IG and DM me PROFIT and I’ll send it over!

And don’t forget, if you want to be the first to know when Jenni reopens the doors to her monthly meditation membership, The InnerStellar Collective? If you’re craving more intuition, mindfulness, and intentional space in your life, join the waitlist here. You’ll be the first to hear what’s coming next - go to www.bbdcoaching.com/innerstellarcollective. ✨

If you haven’t yet signed up for my free weekly newsletter for online experts, The Digital CEO Weekly, you can sign up now and get it delivered straight to your inbox every Monday morning at www.jameswedmore.com/newsletter. 

Hey there, Digital CEO!

If you’re loving this episode and you know this is your year to finally build, launch, or scale your digital business the right way — then I’ve got something for you.

Business By Design, my signature program that gives you everything you need to design a leveraged, profitable digital product business, only opens once a year… If you want to be the FIRST notified when doors are open, you can get on the waitlist for BBD 2026 right now. That way, you’ll be the first to know when we open enrollment again (and trust me, you do not want to miss it!).

Head to www.businessbydesign.net/ and join the waitlist today!

Snap a screenshot of the episode playing on your device, post it to your Instagram Stories and tag us, @jameswedmore and @jenniwedmore. We’d love to hear what resonated with you the most from this episode and especially what you want covered in future ones! 

In this episode you’ll hear: 

• Jenni’s inspiring story of launching her dream membership that was 15 years in the making

• Why I have zero interest in hearing you’re "bad at sales" if you aren’t willing to put in the 15-minute daily reps

• The profit margin to aim for early on in business, and the specific reason I tell people to avoid in-person hires until they hit $500k

• Why your business will never actually give you financial freedom, and the one thing you must do with your cashflow to actually get it

• My personal philosophy on why money left sitting in a business account is a liability that will always find a way to get spent

• A scary realization that if you have to talk to every lead for an hour to sell a digital course, your business isn't actually scalable

• How to use recurring and renewable revenue models to stop feeling like you’re only one bad launch away from your business going under

• Why "getting rich fast" is the literal death of financial freedom, and how to master the  habits that actually build a portfolio

• What can help stop you from freaking out over every algorithm change that comes at us 

For full show notes and links, visit: www.mindyourbusinesspodcast.com/blog/803