Topics Include: The importance of understanding our beliefs and associations with money and having an abundance mindset What a budget is and is not The importance of budgeting your income conservatively and your expenses liberally The goal is to generate enough income to cover business and personal expenses and put money away into savings and investments Step 1 - Save 90 days worth of expenses for business and personal as an emergency fund (later goal is 6 months to 1 year) Step 2 - Pay off debt as fast as possible to alleviate yourself from the monthly payments and free up that income (student loans, car/trailer payments, credit cards, etc) Colton’s approach to budgeting: 1. Establish known expenses first (fixed and variable expenses) 2. Calculate known income (fixed income) 3. Determine if your known income is enough to cover your expenses How to use the Hay and Grain Cost Calculator How to use the Horse Training Budgeting Calculator
Topics Include: Maredith's background with budgeting and process for implementing it in business and personal life Using media kits to build credibility with brands, sponsors, and partners What to include and not include in a media kit How to begin connecting with brands on social media Marketing materials to consider investing in for in-person events and expos
Topics Include: Creating Simple and Scaleable Systems The current state of the economic market in the US Trends and patterns in the US economy and the importance of understanding them The importance of operating with an abundance mindset during fruitful and scarce periods Sound financial systems to use in all phases of business The process that Colton personally uses to manage his money The importance of asking yourself “how can I simplify this?” The components of simple systems The different types of system that make up your business Questions to ask yourself when implementing simple systems
Colton introduces working with your horse in the round pen and discusses the variety of horses and situations that can benefit from spending time in the round pen.