DN107 - Tiffany Aliche: The Budgetnista - Bet On Yourself

DN106 with Tiffany “The Budgetnista” Aliche- Why Betting on Yourself is Less Risky Than Betting on Someone Else

 

Today’s guest is so especial that we’ve talked for almost an hour and a half about different aspects that will help us see our great potential as an entrepreneur and as a better person in general. Tiffany is such a wonderful soul who believes in servant leadership. No wonder why she is all-out in pouring wisdom bombs for you our dear dreamers!

 

Tiffany’s turning point was when the recession hit last 2008-09. She describes herself as a very risk adverse person, which is one of the reasons she chose to be a teacher. She reasoned “Teachers never loose their jobs, do they?” To her surprise, the answer was YES! The school closed down in 2009, and she lost her job, she was in pre foreclosure and the seven-year relationship she had with her then boyfriend ended. All the things she bet on crashed down.

 

That’s when she got up and said, “I am done working for and depending on someone else.” She realized that would be riskier than betting on herself, so she became an entrepreneur and a very successful one at that! Learn how she scaled up, how she build a very strong audience, what are her thoughts about marketing, relationships, debts, and businesses.

 

We know this episode is very inspiring at the least and will even be life-changing for some. Be ready to dream bigger after listening to this episode!

 

Here’s What You Missed

 

What was Tiffany’s turning point from being a school teacher to becoming one of America’s favorite financial education teacherHow did she scale up from having one-on-one sessions to having more than a million of followersHow to win against your debtsIn building your business- should you be a generalist or a specialist?Harmony vs balance in marriageTips on starting a business and finding the next perfect step

 

Knowledge Nuggets

 

 

Tiffany’s business is now making six figures a month with over a million solid dream catchers worldwide. How did she scale that high from sleeping in her sister couch after she lost all she had? Dig in to these knowledge gems and find out exactly how.

 

[6:27] It seemed riskier to bet on someone else that betting on yourself. This is the truth that Tiffany realized after she lost a job she thought was the safest to keep and ended a long-term relationship she thought she’ll be married with.

 

[9:45] Build your business in a foundation that you are strong at. Tiffany got 10 years of teaching experience and that is where she built her business on. She started teaching financial education one-one-one for 50 bucks. It honed her skills for the scaling up ahead of her. She then went on teaching small groups to teaching at universities to teaching audiences worldwide.

 

[17:07] How to scale up? First, actively participate in the next level. We do have a lot of giveaways and free stuffs. That's what we call service centrist. And that is how people follow you, when you give a lot to your community. Many entrepreneurs got stuck there. The truth is, you can still be of service, helping good people do good work while making good money. That means you should also have to have a business financial plan.

 

[20:23] One of the biggest struggles entrepreneurs may face is believing on themselves. How do you keep the motivation? Think about your whys. Think about where will you be if you will not work on your dream. Will you come back to the job you hate? Will you come back to your family or friends who didn’t bet on you? Or will you keep pushing until you prove to them, and most importantly to yourself that you can and you made it? It may be a long time before you make real money, so you need to figure out what’s going to motivate you when money is not there.

 

[24:47] Should you be paying deft first or invest first? Debt free does not equal wealth. Debt freedom should be a result of building wealth. Be aggressive with paying debts that is an expensive debt, meaning it has high interest rate. Low interest rate debts may be put off a little bit for you to invest your energy on investing to business etc.,where you can out earn the loss of what the debt’s costing you.

 

[32:59] Invest in something that you are willing to put your energy into learning about. It may be stocks, real estate, or businesses.

 

[36:39] Talk with your spouse about your dreams and listen to his/her's and figure out what you both are wanting. Identify what it is that you need for support and identify what is it that your spouse needs for support.

 

[40:08] Harmony > Balance. Balance is when things are of equal measure and there ain't no thing as such. Harmony is when things collectively work together for the greater good. Harmony is important in marriage, in friendships and other relationships, as well as in your team.

 

[46:14] When starting, it is important to generate organic connection to people. Advertisement comes after, where you amplify who you already are. Business owners should know how to pitch yourself, should know what their messaging is and should know how to build connections with their audience before hiring a marketing person. Build a strong foundation that no one can take from you because you've built it with your direct audience.

 

[54:11] Servant leadership. Plant as many seeds as you can without expecting something in return. Do your friends need help? Offer help and show up. Pour all the values that you can. When you pour into people, they pour back- that is the law of reciprocity.

 

[1:00:50] Learn to lead faster. That's is one of the keys for an entrepreneur to scale faster. Take the time to learn and practice how to lead.

 

[1:14:16] Be a "tree business". There is a bush business and a tree business. A bush business is when you open a business and you cater to all. You stunt your growth. But a tree business is something that starts with a one, strong trunk. When you grow that tree you can now branch off to many different things. So start as a specialist, and when you build your core tribe, you can branch out.

 

[1:18:58] You don't have to know the whole way and have all the resources. Like how headlights show you the way, the next right step will come to you after you've gone through a certain phase. You need to go through all the steps and collect the tools, resources and lessons that you are going to need for the next step.

 

Important Reads and Links

 

 

Tiffany Aliche Facebook:                   https://www.facebook.com/thebudgetnista

Tiffany Aliche Instagram:                   https://www.instagram.com/thebudgetnista/

Tiffany Aliche Twitter:                        https://twitter.com/TheBudgetnista

Tiffany Aliche Website:                     https://thebudgetnista.com/

 

The 4-Hour Workweek- Book by Tim Ferriss

Start With Why- Book by Simon Sinek

The Alchemist- Novel by Paulo Coelho

Will Smith Wisdom on YouTube

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