21: How to Build Wealth as a Female Entrepreneur with Nicole Ingham

You’re working hard to make money in your business. But do you have a plan for what that money is building for you? As moms in business, we spend so much time thinking about our next client, our next offer, and our next income goal. But making money and building wealth aren’t necessarily the same thing. And if investing feels intimidating or like something you should already understand, you’re not alone. In this episode of The Kitchen Island, I’m joined by Nicole Ingham, financial life coach and the woman behind The Millionaire Mom Next Door, to talk about turning income into lasting wealth while balancing business, motherhood, and everyday life. Nicole shares how she went from working in financial technology to learning about investing and building her own seven-figure net worth. We talk about the money beliefs we pick up growing up, why women often undercharge and overdeliver, and what it can look like to take a more active role in your financial life. We also get into the questions you might feel uncomfortable asking. How does investing actually build wealth? When do you use that money? And how do you plan for the future when childcare, groceries, and everything else need your money right now? In this episode, we cover: The difference between earning a good income and building lasting wealth How guilt, shame, and childhood money beliefs can shape your financial decisions Why knowing your numbers is a starting point for creating a financial plan How to talk about money when you and your partner have different needs for financial security Why undercharging and overdelivering can keep you from building the business you want How Nicole approaches financial planning when business income changes month to month Why she focuses on net worth goals instead of scrutinizing every small purchase The difference between putting money into an investment account and actually investing it How to bring your kids into conversations about money Giving yourself grace during expensive seasons of motherhood while keeping your long-term goals in view My favorite takeaway? You deserve to enjoy the life you’re working so hard to build. That doesn’t mean ignoring your numbers. It means understanding what you need, knowing what you’re working toward, and creating a plan that makes room for both your future and your life right now. And if you’re in a season where childcare bills and everyday expenses leave less room for saving, that doesn’t mean you’re failing. Your plan can reflect the season you’re in. Whether you’re making good money but wondering why you don’t feel further ahead, or you’ve always left investing to someone else, this conversation is a place to start asking questions. Connect with Nicole: Instagram: @themillionairemomnextdoor Website: nicoleingham.com Visit Nicole’s website to learn more about her one-on-one financial life coaching and her Invested group program. Connect with Kelly: Website: kellymccracken.co Instagram: @kellymccracken.co Connect with Kelly Website: kellymccracken.co Instagram: @kellymccracken.co This episode is sponsored by Dubsado! Try it free for 21 days. No credit card required. When you're ready to upgrade, use code kellymccrackenva for 30% OFF your first paid month or year.  Heads up: this is an affiliate link, which means I earn a small commission if you sign up, but I truly use and love Dubsado and only recommend tools I believe in! Connect with Kelly Website: kellymccracken.co Instagram: @kellymccracken.co This episode is sponsored by Dubsado! Try it free for 21 days. No credit card required. When you're ready to upgrade, use code kellymccrackenva for 30% OFF your first paid month or year.  Heads up: this is an affiliate link, which means I earn a small commission if you sign up, but I truly use and love Dubsado and only recommend tools I believe in!