Everyday Talent Podcast

How to set a budget so that you can achieve any medium term goal (Ep 49)

Betty Xie Season 1 Episode 49

If you’ve been listening to the last few episodes, you've heard snippets of my digital nomad lifestyle—what you haven't heard is the nitty-gritty of how my bank account makes this possible. It's time to talk about money again. As I reflect on my financial strategies that set me up for success in trying out the digital nomad life, I realize these strategies can apply generally to any medium goal setting and implementation. Whether you’re thinking about how to raise the necessary funds to achieve a creative project, or you’re well on your way to save for a personal goal, this episode is worth adding to your toolbox. 

Key Takeaways:

  • 00:00 Intro 
  • 08:59 Medium Term Goal Approach in Budgeting 
  • 11:44 How to set up a Medium Term Goal 
  • 14:15 Stretch Goal vs. Safe Goal
  • 26:14 Mindset Shift: Make money or Raise money? 
  • 40:28 2 Powerful Budget questions
  • 42:12 Outro


This episode is also available on Youtube. Watch it here:

https://youtu.be/Bv3sjfC8Zlc


About Betty

Betty Xie is a creative and a career coach for creative. Her 1:1 coaching program has helped photographers, filmmakers, visual artists, arts leaders, and arts consultants to design and implement intentional growth in their practice so that they can make their art and make happier money. Check out her 1:1 coaching programs here: www.xiebetty.com/coaching

*FREE Resource* Discover your creative career archetype today: https://www.xiebetty.com/quiz

The Everyday Talent Podcast is produced by Betty Xie and Benice Detoon.