5 Habits of a Million Dollar CEO

What are the five ultimate money habits of million-dollar CEOs?

First, you don’t need to be a million-dollar CEO to start stacking these habits.

No matter where you are on your money journey—employed, self-employed, side hustler or pivoting—these are habits you can action NOW to create real change in your life.

Listen to our Founder, Briony, share the most important learnings she’s made in five years of entrepreneurship here—

P.S We usually teach these five habits in our 5-day Untapped Business and Leadership Training, and to our private 1:1 clients, these are some POWERFUL learnings.

If you learn by reading, we’ve got you! These are some game-changing tips and tricks to forming a lasting relationship with money.

Note: These are only a summary of the extensive practical guidance from Briony in the poddy.

How to be a good steward of money.

Aka, how to be good with your money. Money is an energy that is meant to be circulated, not hoarded. Now is the right time to take radical responsibility for where your money goes and build solid money habits. Clarity is power, yet so many people bury their heads in the sane when it comes to financial clarity. We’re talking monthly money dates with yourself, budgeting, and profit planning.

Smart money wins: Combating subscription creep.

If you’re a service-run business or simply someone with a lot of subscriptions, this one is for you. We highly recommend taking quarterly stock of your subscriptions: what you use, what you don’t use, and what you could downgrade. This could save you $$$ in the long run.

Smart Account Management

How many accounts do you need to have as a business owner? We recommend at least four key accounts. The first one is your OPEX account; This is where your invoices get paid into. The second, and arguably most important, is your tax account.

Regardless of where you are based, you will need to set aside tax. However, there are ways you can make your money work for you until you need to pay your tax bills. The third and fourth are your profit and growth accounts, and you’ll have to listen to the podcast to hear the value of these (and how much to put where).

Paying yourself

It might seem obvious, but paying yourself can be hard, especially when you aren’t earning a lot. That’s why making it a habit as early as possible is even more important. A trick I’ve learnt is to pay yourself a percentage of what is coming in. That way it can be $40 or $400, but you aren’t taking away from any of the other important expenses of your business, ahem, tax.

Profit vs Revenue

So many businesses do not focus on profit, right? They focus on revenue on driving sales, and that's great. But the reality is, who cares if you have a $10 million business if you don't get to take anything home as an entrepreneur?

Reinvesting into the business

The last podcast snippet: You should reinvest in your business because it’s the investment you have the most control over. Yes, diversify your income and invest in shares and crypto, BUT you can’t control those markets. You CAN control where your marketing spend goes and what support will gift you time back.

Remember, it's not about the business you are right now. It's about who you're becoming. Listen to the podcast now 🎧