Welcome to the Blue Shirt Leadership Podcast. We interview business owners in the trades and home services industries. These conversations are packed with stories, helpful insights, and boots-on-the-ground advice that you can immediately use. In fact, it’s a requirement that the listener gets great content. I ask every guest to share one insight (or more, of course!) with my listeners that, when applied over time, the listener will experience massive change for their future.
Tuesday Jun 20, 2023
Tuesday Jun 20, 2023
In this episode of the BLUE Shirt Leadership Podcast, host Kyle interviews Barbara Sloan, author of "Tipped: The Life-Changing Guide to Financial Freedom for Waitresses, Bartenders, Strippers, and All Other Service Industry Professionals." They discuss the importance of an abundance mindset and creating boundaries around money for service industry professionals.
"Money comes easily and frequently."
"Identity is very important to building an abundance mindset."
"When you are focused on what you have, you are not in a mindset of lack. You are not in a scarcity mindset. You are in an abundance mindset because you're focusing on what you have and not on what you don't have."
"That's one of the boundaries that you have to remember is that you have to, you have to protect yourself first before you can ever help somebody else."
Abundant Mindset [00:01:22] Barbara discusses the combination of an abundance and scarcity mindset in the service industry and strategies for building an abundance mindset, such as developing mantras, adopting positive identities, practicing charity, and gratitude.
Creating Boundaries [00:07:45] Barbara emphasizes the importance of creating boundaries to protect one's energy, time, and money in order to build wealth. She suggests different types of boundaries, such as not loaning money until financial goals are met, not engaging with negative people, and building an emergency fund.
Mindset and Boundaries [00:08:42] Kyle and Barbara discuss the importance of writing down ideas and intentions for building an abundant mindset and creating boundaries around money.
Developing Boundaries [00:08:54] Barbara Sloan discusses the importance of creating boundaries to protect oneself in the service industry, including listing rules and saving mental bandwidth.
Tips and the Service Industry [00:13:24] Barbara Sloan explains the unique sub-minimum wage and lack of benefits for service industry professionals, and the government's recognition of the industry's importance.
The Three-Part Structure of "Tipped" [00:12:22] Barbara Sloan describes the structure of her book "Tipped," which includes practical tips for financial management, as well as mindset strategies for building wealth.
Building an Abundance Mindset [00:17:10] Barbara and Kyle discuss strategies for building an abundance mindset, such as developing mantras, adopting positive identities, practicing charity, and gratitude.
Importance of Tracking Income [00:18:43] Barbara emphasizes the importance of tracking income for service industry professionals, as it helps them realize their potential and operate within their values.