Struggling With Money Stress? Can the 10/10/10 Stewardship Rule Transform Your Finances? Episode 12

Welcome to Harvest Without the Hustle, where we navigate the journey to financial freedom and stewardship with ease and grace.

In today's episode #12 we will  dive  into the transformative power of the 10/10/10 rule in how to honor God in stewarding the money he gives us  and how it can revolutionize your network marketing business and financial journey.

But first, let's address some key questions that often linger in the minds of network marketers:

🤔 1. Do you desire financial freedom from the stress of monthly bills and expenses?
🤔 2. Are you seeking a simple, God-centered approach to stewarding your money effectively?
🤔 3. Are you ready to adopt a habit of setting aside 30% of your income upfront before paying bills?

When my friend and mentor, Brandie Thomas, posed these questions to me, I was initially skeptical. Like many, I grappled with the pressures of debt and financial insecurity, feeling overwhelmed by the demands of my network marketing business.

Join me as I share my personal journey of overcoming financial challenges and discovering the life-changing impact of the 10/10/10 rule.

 This simple yet powerful principle transformed not only my business but also my personal life, providing clarity, peace of mind, and abundance.

Discover how implementing the 10/10/10 rule can pave the way to financial stability, profitability, and freedom. From tithing to saving and allocating fun money, this rule offers a structured framework for wise financial management, empowering you to thrive in both your business and personal finances.

Are you ready to break free from the cycle of financial stress and step into a future of abundance and prosperity? Join me on this journey of empowerment and transformation, and together, let's harvest without the hustle.

**Take the first step towards financial freedom today! Click here for your sneak peek  to explore our membership for entrepreneurial women and access exclusive resources to accelerate your financial journey.**

🎯 Schedule Your "Encouragement Chat" with me HERE

🎯Get your sneak peek inside the most powerful network marketing business for Christian Network Marketing Women here!

🎯Find me on Facebook or Insta

🎯Email me at ginnyhatfield87@gmail.com

Transcript

Do you want financial freedom from stress about your monthly bills and expenses?

Would you like to have a simple structure of how God wants you to steward your money well that He’s giving you?

Are you willing to make a habit of setting aside 30% of your income first before you spend it paying bills?

Well the first time my Biblical mentor, and friend, Brandie Thomas asked me these questions.  I thought she was crazy! 

Let me ask you this.. What did you think when I asked those questions? (pause) Was it something like this, Oh I would love to have financial freedom from the stress of monthly bills and expenses. But ( do you always notice how the word but comes up right before you start making excuses)  I need all of my money I bring in from my network marketing business to cover my expenses not only in my business but also in my personal home expenses too! 

You see because at the time I had over $32,000 in credit card debt trying to make my network marketing business a success from different marketing systems that hadn’t worked, buying courses to teach me how to market my network marketing business online that hadn’t worked. To personal and professional development courses to get my mindset right so that I could show up better.

  I thought I needed every penny I made to pay on my never ending credit card debt. 

But before I explain the 10/10/10 rule that Brandie shared with me that totally changed my finances not only in my business but also in my personal life.  

 I am also going to share with you on how this rule can change your business to start helping you to be profitable and can give you the momentum in paying down debt and staying out of debt. This is something you can teach your teammates so that they can start stewarding their finances better, changing their life forever. 

It will give them options to be able to show up with you to conventions and training events at your network marketing company events which will help them grow their mindset and income. 

This rule when implemented will be able to help them show  their spouses they are making and saving money.  

You can also teach this simple system of finances to your kids so that they learn how to handle their finances and make them into strong independent adults. 

Before we get into sharing about the 10/10/10 rule, Let me quickly introduce myself, Hi I am Ginny Hatfield, your host for Harvest Without the Hustle, a keynote kingdom speaker, a certified radiant leader, and an ambassador for the best membership for women entrepreneurs looking how to steward their money better so that they can have the freedom to choose their future. Instead of their future choosing for them.  

You see, friend I am leading this journey because I want you to know from one network marketing women to another that you dont have to live in a poverty mindset even if you are someone that is just getting started in network marketing or you have been in the network marketing business industry for years and you are still struggling financially.  

This simple habit change with your money mindset will change you and your business financially forever.  The best part is its simple to do and simple to repeat every time you get money paid to you.  One thing I have found out is if you make a routine simple enough you are more likely to repeat the routine, until it becomes a permanent habit.  

But first friend, before we dive into Episode 12 today, grab your favorite beverage, hit the follow button, up on top and download this episode so you can go back and listen to it or share it with another struggling  network marketer friend  you might know.  

Ok, heres the simple rule of 10/10/10 First you give the first 10% of the money (yes thats gross) not after expenses are paid from it.  You give that back to God as a your tithe back to him.  The bible tells us in Malachi  we cant outgive God, the more we give back the more abundance he will give us.  (sometimes he doesnt give us back abundance in money but in areas of our life in our health, relationships, and other desires of our heart) Start looking and receiving his abundance-thats why its important to keep a prayer and gratitude journal so you can see how God is showing up in your life.. But hey thats a whole other podcast there.  Lets get back to the second 10 percent.  

The second 10 percent is your savings account.  You are going to put 10 percent back into your savings so that you will have money there for a rainy day when you need to pull from it for an unexpected trip, maybe an illness, or an illness of a loved one where for a couple of weeks or months you can take off work because you have saved enough in your savings along with your monthly passive income you have grown your network marketing business too. 

You now have peace of mind instead of being in the hustle and stress of not having enough money to take the time to get the rest you need for yourself or be able to take time off because you need that job income  and cant take the time off to help support your loved one through their injury or illness when they need you the most. 

I know I was grateful for Brandie sharing this with me a couple of years before my hubby had 2 liver transplants  and I had enough in my savings I was able to pay all my bills the entire 32 days he was in the hospital and for the 2 weeks afterwards when he came home and I had to take care of him around the clock.

I also had enough money in my savings so when my oven went out in December I could buy another oven without stressing my farmer hubby out with another bill! 

The third 10 percent goes into your spending account.  I call this my fun money.  This is the money that I invest into  new courses to grow my mindset and online businesses. 

 This is actually how I had money to invest into a podcasting course and coach with my podcasting coach and mentor, Jen Rogers, where her introduction podcasting course is in the backoffice of our GPA -girl power alliance membership also among several other resources of several well known coaches in the industry.

 I also use this fund for fixing up my house, or my obsession with new flowers for my flower gardens.  You see every year, I don’t have to go ask my farmer hubby for money to go buy whatever new flowers I want for my flower gardens or the money to put down new chips for my flower gardens because I already have the money there (and for my flower gardens thats a big expense-because thats 2 truckloads of chips!)

So now that you know what the 10/10/10 rule is you take the first 30 percent of the gross income that comes into you and you Give back to God for all he has given you with a cheerful heart, you save for a rainy day when the devil tries to uproot and get you discouraged, and third you have a plan to have fun so that your life is not a drudgery and you have money to enjoy life.

  Then you take that other 70 percent and you spend it as needed. Paying bills, groceries, gas, etc. 

Its really important that you take that last 10 percent and put it into your spending account so that you don’t impulse buy. 

 This will keep you from using your credit cards and you will be able to get those credit cards paid off like I have been able too.  

Its also important that you set up a separate business checking account. Plus You set up a savings account and a seperate account for your spending fun account.  So every time you get paid you can immediately go online and transfer your money to your savings and spending fun account. 

Next you need a way of setting up how you are going to track your monthly expenses.  You can use a simple excel or  a google spreadsheet, mint.com which is a free online service to track your expenses or you can simply find a budget journal where you can just write everything down on paper and total it all up at the end of the month. 

When you write down your expenses you can see what you're spending your money on and you can see if you have double subscriptions anywhere you are paying.  You also can see if you can eliminate some services you are no longer needing to run your network marketing business. 

Next take that list of expenses after you have eliminated anything you dont absolutely need.  Then make a list with dates when all of your monthly bills are due and get them in your calendar so you know when you need to get them paid.  This will keep you from paying out late fees. Doing this will also show you what your monthly budget is and how to set up some of your monthly goals you are going for. 

At the end of the month staple all of your receipts together and file them in a binder. 

You will appreciate this system  at the end of the year when you get ready to report your taxes  because all of your expenses and receipts are in one place 

Third write down all of your credit card payments along with the interest being charged and start paying off the credit card with the highest interest first.  I know Dave Ramsey says to pay the littlest card off first.  But why waste your money on letting that high interest card just sit there.  

When you have a black and white printout of what your credit cards are costing you in interest fees it will keep you from making foolish choices and you will make you  first think on making a purchase and how its going to serve you or grow you before you make an emotional purchase.  

When you have to use your money that you have saved from your fun money you become a whole lot pickier on how you spend it. 

Now Friend  if you would like some additional resources on how to master your finances, grow an additional income stream so you can give more generously, save more, and put more into your fun spending account. 

Thats why i invite you to explore the membership for entrepreneurial women (GPA) that I am partnered up with. Inside you will find a wealth of online courses and coaching opportunities designed to help you leverage your money and time more effectively and achieve your goals faster. 

Head on over to bit.dot.ly forward dash harvestnothustle thats H.A.R.V.E.S.T.N.O.T.H.U.S.T.L.E and grab your sneak peek into the financial courses available. 

Sometimes Friend, in order to expand your harvest yield (your goals) you need to invest into some new tools to get the seed planted faster and the weeds out faster so you can have a higher yield at harvest. 

Until next time keep expanding that harvest yield with more growth,  skills and better yielding tools.