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Tag Archives: thought work

Getting Paid

When you own a business or do work for someone else – getting paid is a pretty important part of the deal.

After all, you are in business to make money.

So what do you do when a client just won’t pay their bill?

Before you come down on the client, take a few minutes to look at your payment process.

The most common reason for not getting paid, is not being clear up front about your expectation for payment.

Check in.

  • Do you provide prospective clients with clear, written communication around your payment process BEFORE you start working for them?  Why/Why not?
  • Do you require some type of payment in advance?  Why/Why not?

Be brutally honest – what’s stopping you from spelling it out?

Asking for money is a sure fire way to bring up your fears about being good enough, being successful or just plain getting the business.

And those fears aren’t going to make asking for money easy. Bring them to light now, question them and empower yourself to put the right process in place from the get-go.

Once you’ve done the hard work of looking at how and why you’re current process is working, then it’s time to tackle this specific client.

Decide how much time you’re willing to invest in recouping the money.  Decide how you want to feel about this specific circumstance and decide what action you’re willing to take.

From that place, send the No BS email.

It goes like this:

“I require payment for X service in X amount by X date.  If there’s anything else you need from me to make this happen, I need to know immediately so I can provide that to you.”

If you’ve decided to pursue the payment further, you’ll want to add that to the end.

“If payment is not received by X date, my next step is X.”

Keep it clear, specific and to the point. No explaining.  No emotion.  Just the facts.

In the comments below tell me what systems you have to ensure payment from clients and how you’ve handled non-payment in the past.

Email your money questions to christy.lambert@areyouthriving.com

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When to Quit Your Job

You’ve found your passion.

You’re ready to follow your dreams.

But should you quit your job?

Well it depends.

Do you hate your current job?  Are you worried about how to support yourself financially?  Are you excited about the new venture primarily because of all the money you might make?

If you answered yes to any of these questions, you might want to stick it out with your current gig a little longer.

The best way to get killer results in your next venture is to make the decision to jump when you already feel abundant, peaceful and excited.

If you’re worried, frustrated or annoyed the actions you take will likely cause more worry, frustration and annoyance down the line – no matter how passionate you are about the venture.

The good news is, you can follow your dreams while your at your current job.

Those two things are not mutually exclusive.  In fact, working at your current job may help you launch your venture to even more success.

I always say, “be passionate enough about this dream to deliver pizza.”

I’d love your feedback on the topic.  Specifically, if you’ve made the jump, how did you know it was time.  If you’re still on the fence, what’s keeping you there?

Leave your answers to these questions along with your comments and insights below. 

Email me your questions on money to christy.lambert@areyouthriving.com

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Money Monday – Sell or Hold?

Have you ever been in the midst of making a financial decision and felt stuck.

You arrive on a decision only to second guess yourself just a few minutes later.  You run the numbers over and over and still don’t feel 100% confident in the decision?

I know I have.  Sometimes what looks great on paper, the story the numbers seem to tell, feels different when you go to pull the trigger.

What might be happening is an ownership bias. 

When you own something, you like it more, just because you own it.  Seriously.

This can make it especially tricky when it comes time to make a decision around selling something.  Maybe you’re committed to paying off debt and selling the boat seems like a good way to go.  Or maybe you’re getting ready to buy a bigger house and trying to decide to sell or hold onto the smaller one.  

Because you own the item, your mind will likely value the item more than the markets or the financials do.

So how do you get around this?

First – be honest with yourself.  Do you actually own the item? If you have a loan against the item, it’s not yours, it’s the banks. Being honest about that can help reduce the ownership bias.  

Then ask yourself these questions:

1. Given your current goals and finances, would you go out and buy the item again today?  If not, what’s really holding you back from selling it?

2. What do you think it means if you sell the item?

3. What do you think it means if you don’t sell the item?

These questions will help you get some perspective on what you are trying to gain, besides money, by holding or selling.  They will help you see where you’re looking at the numbers and where your ownership bias is showing up.

I’d love to hear your experiences with ownership bias and how you moved past it.

Leave your comments and insights below. 

Email me your questions on money to christy.lambert@areyouthriving.com

If you like this,  share it on facebook or twitter!


Money Monday – Unexpected Bills

You’re chugging along, making progress toward your financial goals and then seemingly out of nowhere you’re hit with a big fat bill that isn’t in the budget.

Or maybe it’s just a series of small bills that seem to come out of the woodwork just when you feel like you’re starting to make real progress.

Unexpected things do happen.

When unexpected things happen regularly they can no longer be considered unexpected.

If you’re consistently running short at the end of the month, or writing a check that’s just not in the budget it’s important to take the time to figure out what’s really going on with your money.

In my own life, I noticed I had a tendency to significantly underestimate my monthly expenses.

I’d decide once and for all I was going to be responsible and quickly pay off my debt. The faster the better. So I’d sit down and create a budget that I thought would propel me quickly toward my financial goals. It looked great on paper.

I’d make a huge payment on my student loan debt and then I’d freak out that I had no money left when it was time to buy groceries and pay my monthly bills.

I was so disconnected from my money and spending that I had no idea what it actually cost me to live every month.

When I finally took the time to look at what was happening with my money it was easy to see why it felt like things were always sneaking up on me.

I’d been drastically underestimating my expenditures.

Once I knew what I was spending, It was much easier for me to make choices about where I was willing to make sacrifices and where I wasn’t. I was able to create a debt payoff plan and cut down on the unexpected by leaving room for all of my monthly expenditures.

Leave your comments and insights below. 

Email me your questions on money to christy.lambert@areyouthriving.com

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Leave a comment

Money Monday – Unexpected Cash

Unexpected money can create unexpected dilemmas.

You get money you’re not expecting. A bonus check. Money from selling something on Craigslist. Cash from winning a contest.  Or maybe you just found some money in the street.

And the money feels different. Like it doesn’t count.

It’s fun money.  Spending money. Bonus money.  And it feels powerful.

By changing the way I framed certain types of money, I treated it differently.  I used it as a reward. To make me feel good.  To treat myself.

And then I felt bad. Like I wasted it.  Didn’t put it to good use.  Didn’t do the right thing.

I’d get regular bonus checks and it would feel like a whole world of choices opened up. I could pay off bills, go on vacation or update my wardrobe. Every choice symbolized something deeper.  I could be responsible, be adventurous or look chic enough that everyone would like me.

The meanings I attached to the money made it hard to decide what to actually do with the money.

So how do you decide what do with unexpected cash?

Step 1: Take the unexpected money off the table.  Decide what your short term and long term financial priorities are.  Understand how you want your money to work for you in the bigger picture and why.

Step 2: Get clear on how you want to feel about the money. What feeling are you hoping the money can buy?  Be honest and put it on the table.

Step 3: Remember you can get the feeling you want, regardless of how you spend the money. Get the feeling you want first and then make the decision.

Leave your comments and insights below. 

Email me your questions on money to christy.lambert@areyouthriving.com

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Leave a comment

Money Monday – Budgets

I have a confession. I used to hate the word budget. I tried to avoid it at all costs.

It made me feel restricted and deprived. Here were the numbers, on paper, telling me all the things I couldn’t have.

Until I realized, I had it all wrong.

For the first time in a long time, I am choosing to follow a budget.

In a prior life this would have been unimaginable and it would have felt awful.

Now it excites me. I feel like a kid in a candy store.

I have a budget I love.

It’s helping me get really clear about what I want.

It’s helping me create intimacy with myself and my money.

It’s helping me be really conscious about what I”m doing with my money.

It’s helping me keep the big picture in mind.

It’s helping me see I don’t need to spend money to feel good.

I’ve realized budgets aren’t about what you can’t have.

They are 100% about what you can have.

They are about owning your choices.  For your money and your life.

Leave your comments and insights below. 

Email me your questions on money to christy.lambert@areyouthriving.com

If you like this,  share it on facebook or twitter!

Leave a comment

Money Monday: How to Ask, Part 2

How to Ask for Money, Part 2

Part 1 of this series was all about getting clear on WHY you were uncomfortable, your value and expectation.  Doing the work around those issues will make asking for money much easier.

That being said, I get it.  It’s still nice to know WHAT to say and HOW to say it.

Asking for Money in 4 simple steps:

1. Summarize your value (not sure what your value is, go back to part 1).

2. Check in.  See what the other person is thinking.  If they agree with your value proposition or express interest in your offering, move forward.

3. Make the ask!  Keep it simple & clear.  Stick to the facts.

4. Stop!  Wait & listen.  Silence is golden. Let the other person tell you what they are thinking before you assume to know.


Leave your comments and insights below. 

Email me any questions you have on money to christy.lambert@areyouthriving.com

If you like this,  share it on facebook or twitter!