Look Your Money in the Face with Business Coach Kelsey Knutson

Season 2: Episode #27

Look Your Money in the Face, Kelsey Knutson

Kelsey Knutson is a small business coach and podcast host based in the Pacific Northwest. She has a bachelor's degree in Entrepreneurship, is debt free, and has learned many money lessons along the way. She believes our relationship with money dictates the financial choices we make in business and life. And she’s on a mission to help people reframe how they think about money and implement sustainable systems to help them achieve financial (and life) goals.

Inheriting different aspects of her relationship with money from her parents
Learning about money through entrepreneurship versus being told about money
Going to college without having conversations about how to pay for it
Having up to four jobs at the same time in college
Exchanging time for money
The embarrassment of overdrafting her bank account
The scarcity mindset
Side hustles in college led to majoring in Entrepreneurship
Dealing with imposter system
Having an aha moment during the third round of job interviews
Getting full-time consulting job through her university
Quitting on a whim to go to beauty school and get into debt for the first time
The difference between classes at University and Trade Schools
Apprenticing under professionals
Saving tips to accelerate debt repayment and become debt free within three years
Starting business debt free
Staring challenges in the face and then setting up processes to deal with them
How your energy attracts others when you love what you do
Here aha moment of balancing work and personal life came after fainting on the job
Starting a business with a vacation already on the books as a way of forcing herself to stay within her work-life balance
The profit first approach
How having a safety net (emergency savings) allowed her to shift from salon owner to business coach, especially during the COVID-19 shutdown
Starting a business out of passion and accidentally becoming an entrepreneur
Finding a way to fund the bills, whether through business ownership or side hustles
Starting her own podcast as another tool to achieve her life purpose
Giving yourself grace in your personal finance choices
Looking your financial challenges in the face rather than ignoring them