Lisa Ann Sroka | CFO & Financial Consultant
I don't follow rules, I bend them.
Food 🍏 | Finance 💰 | Fitness 🏌️♀️
Contrarian Thinker | World Traveler
www.srokaconsulting.com
- Everything about life is a game. When you change the way you measure it, you change your approach to living it. To win any game, you need 3 things: 1. Consistency 2. Understand the rules 3. Track progress for improvement against the end goal You can’t win if you have just one. You NEED all three.
- It’s interesting to see the level of investigative work, resources and attention that is directed towards ONE man who caused harm to another. But the same could have been directed towards companies who have harmed THOUSANDS, if not hundreds of thousands of people, by denying life saving coverage.
- I love traveling but have you got the feeling lately it has been more and more a PITA? I was purchasing a flight the other day and saw that on United they raised the price for checked bags. Today American, United, Delta, Frontier and Spirit are testifying before a Senate panel about their fees. ↓
- Between 2018 and 2023, US carriers raked in more than $12 billion in seating fees. Airlines have been increasingly expanding their 'menu of fees' to charge customers: •Early boarding •Better seats •Other comforts that used to be part of the ticket price. But wait, it gets better. ↓
- Frontier & Spirit PAID employees $26 million in bonuses for spotting customers whose carry-on bags were too big.😬 Earning $10 per bag that passengers must check. Barry Biffle defended the practice saying, "passengers who were trying to evade paying were shoplifting." Bit of a stretch but ok 😂 ↓
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View full threadAirlines claim these fees are transparent and are giving customers options. But to what degree? These fees aren't related to costs to run their business. So to say that it is to offset increased costs of operations simply isn't true. It is pure profit. Interested to see what comes out of it.
- There's a lot of chatter in the business world about BOI filings and the deadline is rapidly approaching. Just wanted to bring attention to inactive entities. If you have an inactive entity, you are exempt from filing BOI reports if you meet ALL 6 criteria in the "inactive entity #23" exemption. ↓
- •Entity must have been in existence on or before January 1, 2020 •Not actively engaged in business •Not owned by a foreign person •No ownership change within previous 12 months •No transactions exceeding $1,000 in preceding 12 months •No assets held, including ownership interests in other entities
- Did you know most businesses lose 10-15% of their profits every year just from unoptimized expenses? That’s tens of thousands of dollars. Just gone. This is why tracking your numbers is so critical—and why so many business owners fall short. ↓
- What do you think you could achieve if you stopped leaving that money on the table? You could: •Pay off debt •Build a retirement fund •Enhance client experience (tech, upgrade services) •Invest in business growth (expand offerings, hire more people) •Spend time doing things you love •Give back ↓
- Having more money allows you to act strategically rather than reactively. Giving you the confidence to shape the future of your life AND your business. But it all starts with having a financial plan and being able to measure it. Not sure where to start? ↓
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View full threadNeed additional help? I created a customized KPI Tracker for my clients so they know exactly which metrics matter most to make smart decisions for their business. If you want to learn more on how this tool could save you thousands, let me know. Let's all thrive together. 👏
- You're gonna get a lot of: •hate •judgement •weird looks when you go against the norm. If you want to: •Build a brand •Start a business •Learn to do anything You're going to fail. That's okay. You don't become an expert on the first try. Try again. And then again. Until you do.💪🏻 Keep going
- So I watched the "Buy Now! The Shopping Conspiracy" on Netflix. I am both enraged and horrified. No wonder people have a hard time saving, managing their expenses and controlling their spending. Without giving too much away, if you are an Amazon shopper I highly recommend watching.
- Most people congratulate you on spending tens of thousands of dollars to get a degree. But question when you take out a $10K loan to start a business. Weird times we live in.
- Managing money and paying down debts is not complicated. We just make it complicated. 1. Assess your current state 2. Create a plan 3. FOLLOW it 4. Track the metrics 5. Adjust when necessary It really is that simple. Tip: Create systems to help you. You don't need to do everything on your own.
- I've always been a fan of capitalism. Everyone deserves the opportunity and right to build and create something of value and be compensated for it. But what I'm NOT ok with is profiteering and exploiting someone's basic livelihood: •Food •Drugs •Housing •Healthcare ↓
- It's tricky. If we didn't have capitalism, we wouldn't have the •Tech that we have today •Advanced healthcare •R&D on drugs Capitalism forces innovation. But I think there's a fine line. Somewhere along the way we crossed it. I feel like we're living in the wild wild west. Totally out of control
- You can never change the past. But you CAN change what you do to today to become the person you want to be in the future.
- Fear is the #1 driver of all financial decisions. It's not: •Status •Influence •Environment Notes on 'The #1 Money Rule to Live by: Understand the Psychology of Money' - a convo between Mel Robbins and Farnoosh Torabi TL:DR: Financial fear is universal, use your fears to take action on money ↓
- 1. Your relationship with money is deeply influenced by your mindset, emotions and upbringing. If you grew up seeing money as scarce: •your mom worried about bills •your dad lost his job those beliefs shaped how you save, spend, and invest today. Mindset literally shapes your money habits.
- Everyone has underlying fears about money. Understanding your deepest fear around money and WHY you feel: •anxious •avoidant •undeserving Helps reframe those thoughts, so you can change your habits. It's about turning those fears into a tool for clarity, confidence and action. ↓
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View full thread3. Being truly wealthy is having financial autonomy. Giving yourself: •Options •Resources •Confidence Money is power. Financial independence is your right. Everyone deserves a powerful relationship with money. Money is not a nice to have, it is something you deserve. Embrace it.
- EVERYTIME my business gets paid, I immediately take 10% off the top and put it into a business savings account. Why? I choose to allocate my own profit first. You see, if I used all the income from my business to pay the expenses, I would then only put away what was left over. Cash in, cash out.↓
- By taking out my profit first, I am: •Making cash reserves a priority •Forced to manage my expenses •Creating a growth fund for my business Shifting your focus to profit first, forces your business to operate lean. You create a natural discipline around spending. ↓
- Most business owners treat their business like the wild wild west. Spending frivolously because they can 'write it off.' But your out of control spending, is exactly what is keeping you from having the profit margins that create stability and growth for your business. ↓
- Managing and growing wealth is not complicated. We just make it complicated. •Create a plan. •Build systems. •Implement. It's that simple. Create systems that are so easy you don't even have to think. You just do. Be ruthless in your systems or your lack of systems will control you.
- Everything great I have ever achieved in life didn't come from nobility. It stemmed from anger. •My income. •My business. •My accomplishments. Someone took something from me and I wanted it back. Your emotion can be your greatest leverage if you utilize it correctly.
- Most people aren’t wealthy because they aren’t actively trying to grow their income source. •They accept that 3% annual raise •They receive that 20% year-end bonus •They accept that promotion with a 8% wage increase And then do nothing with it. But what if you actively invested in yourself? ↓
- To gain the knowledge and skillset that will give you options. Options to: •Freelance •Buy a business •Build a business •Get a higher paying job •Learn how and what to invest in And most importantly... What if you don't get: •A bonus this year? •Or a raise? What's your plan now?