How to set and achieve your financial goals as a professional photographer

Premium Members, click here to access this interview in the premium area.

Nicky Peterkin Morong of www.peterkinfinancial.com is a certified financial planner at Peterkin Financial – where she is the owner and CEO. In this interview, Nicky shares how to set and achieve your financial goals as a professional photographer.

I heard about Nicky from Premium Member and listener, Alana Taranto who said…

Nicky would be an excellent fit for one of our occasional non-photographer interviews.

She's developed a program for service-based businesses to help maintain financial security.

She's super smart and has a fantastic and aspirational story. She doesn't work like most other financial advisors – she does values-based planning, which I feel would be a good fit for photographers.

I learned Nicky provides personalised financial planning and advice to individuals, families and small business owners to help achieve their goals.

She's also the author of the book… If You Love Your Family, Save Like It – which is available on Amazon.

Here's some more of what we cover in the interview:

What is a financial advisor and why would you work with one?
Common goals of people seeking a financial advisor
The kind of advice Nicole gives to clients
How financial planners earn an income
Defining financial success for small business owners
Is saving money the secret to financial success?
The difference between saving and investing
Making your money work harder for you
The biggest stumbling block people face when attempting to achieve a money surplus
How much should you spend on yourself?
Do you need to pay yourself for running your photography business?
Should you hit a specific revenue target before considering hiring a financial planner?
When should you seek financial help?
Should you cut expenses or bring more money into the business to create success?
The easiest way to save money
Why you shouldn't cut back on personal expenses
What is the Next Level Profits system?
The best way to spend your surplus funds

What’s on Offer for Premium Members

If you’re a premium member, you should have received an email with links to your version of this interview – the full length and more revealing version where you hear the absolute best tips and advice from every guest.

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Plus special member-only interviews.

You should be spending in alignment with what your goals are. – Nicky Peterkin Morong

You'll also receive access to the members-only Secret Facebook Group where you can connect with other Premium Members and interview guests to help, support and motivate you to take ideas you hear in each episode and put them into action. There are also FB live video tutorials, role-play interviews and special live interviews happening in the group. You will not find more friendly, more motivated, caring and sharing photographers online.

Seriously, that's not all.

In addition to everything above, you'll get access to and instructions on forming or joining a MasterMind Group with other premium members. These groups are super motivating, make you accountable and build friendships with other pro photographers with similar motives to you – to build a more successful photography business.

What is your big takeaway?

Following this interview, I’d love to know if you're taking anything away from what Nicky shared. Is there something you heard that excited or motivated you to the point where you thought, yeah, I'm going to do that! If so, let me know by leaving your thoughts in the comments below, let me know what your takeaways were, what you plan to implement in your business as a result of what you heard in today's episode.

Spend well so that you're spending in alignment with your ideal life and ideal business and cut anything that doesn't align with that. – Nicky Peterkin Morong

If you have any questions that I missed, a specific question you’d like to ask Nicky or if you just want to say thanks for coming on the show, feel free to add them in the comments area below.

iTunes Reviews and Shout-outs

Each week I check for any new iTunes reviews and it's always a buzz to receive these… for a couple of reasons.

Firstly, it's confirmation that I'm on the right track with the interviews and that they really are helping you improve your photography business. That's awesome!

Secondly, iTunes is the biggest search engine when it comes to podcasts and it's your reviews and ratings that help other photographers find PhotoBizX. More listeners mean more interviews and ultimately a better show.

The best bang for your buck is to figure out how to optimize your expenses, cut back there and then maintain that, like maintain your systems as you do grow and scale. – Nicky Peterkin Morong

If you have left a review in the past, thank you! If you haven't and you'd like to, head to https://photobizx.com/itunes and you can leave some honest feedback and a rating which will help both me and the show and I'll be sure to thank you on the show and add a link to your website or blog if you let me know the URL of your website and your name.

Alternatively, if you've left a review for PhotoBizX and are looking for more backlinks to help your SEO, leave a review for the new Photography Xperiment Podcast and email me your keywords or keyword phrase and where you'd like me to link to.

Another great way to get a backlink to your site is to send a video testimonial. It doesn't need to be fancy and your phone will be perfect. Click record and tell me how PhotoBizX has made a difference to you and your photography business.

Here is the latest review…

★★★★★ Absolutely Instrumental in Photography Business Growth

In Apple Podcasts by Orange County wedding photographer, Brianna Shrader from the United States on March 31, 2021.

I cannot even begin to express how much I have already gained from listening to this podcast and implementing what I have learned.

I became a premium member pretty early on, and after listening to just a couple of episodes, I have learned so much that I've actually had to stop myself from listening further so that I can focus on implementing what I am gaining!

This podcast led me to find a business coach that is helping me take my business to the next level – and if not for this podcast I would have never found him.

I have been in business for over 7 years, I studied photography in college and received my degree in Photography, I have taken several online coaching courses, attended seminars, you name it… Nothing has been as instrumental in growing my business as this podcast.

If you're a photographer and you're not listening to this podcast… you just have no idea what you're missing!

Links to people, places and things mentioned in this episode:

Nicky Peterkin Morong Website

Nicky Peterkin Morong on Facebook

If You Love Your Family, Save Like It by Nicky Peterkin Morong

Thank you!

Thanks again for listening and thanks to Nicky for coming on to share her thoughts, ideas and real-life experience building a successful life through smart and considered financial decisions and creating a surplus of income to build wealth.

If you have extra money, then invest it wisely for the long-term and give yourself some options. – Nicky Peterkin Morong

If you have any suggestions, comments or questions about this episode, please be sure to leave them below in the comment section of this post, and if you liked the episode, please share it using the social media buttons you see at the bottom of the post!

That’s it for me this week, hope everything is going well for you in life and business!

Thanks and speak soon
Andrew