EP 69: Pushing Past Your Fear Of Money & Understanding Your Numbers with Iyanna Vaughn
This week I chat with accountant and bookkeeper, Iyanna Vaughn! Iyanna is the owner & founder of the Atlanta-based bookkeeping firm, Lovely Financials Group. She helps women-led empires make and manage their money to fund the lifestyle of their dreams. Running LFG for the past 3 years has allowed Iyanna to witness many things. She has come to understand business in their 1st steps to those surpassing 7 figures. Iyanna strives to bridge the gap of financial empowerment for all women entrepreneurs.
In this episode we chat about her journey from pursuing a career in the medical field to falling in love with accounting, how noticing that women entrepreneurs were struggling to manage their money led her to entrepreneurship, her advice for getting over your fear of money & understanding your finances and more!
ON HOW SHE TRANSITIONED FROM BEING A FOSTER MOM TO ADULTS WITH SPECIAL NEEDS TO GROWING HER OWN COMPANY
After some personal things happened in her personal life and she was unable to be a foster mom anymore, Iyanna took that as an opportunity to see what she was made of and take her business full-time. She started out freelancing and working under other accounting firms to help sharpen her skills. Then eventually began to gain new clients through client referrals.
IYANNA’S ADVICE ON HOW TO PUSH PAST YOUR FEAR OF MONEY
Iyanna shares that her first big piece of advice is to remember that you are not alone in this. You are not the only one who struggles or have similar issues with their money. She also suggests separating your personal money from your business money with separate checking accounts, tracking your money using a spreadsheet or accounting software and growing your money based off your goals.
WHEN YOU KNOW IT’S TIME TO HIRE A BOOKKEEPER
Iyanna recommends getting a better understanding of your numbers (what’s working & what’s not) and building a relationship with your finances. So once you get to that 6-figure mark, you have a process and are able to outsource to save time.