Tax Refunds: Spend your money wisely

Tax Refunds:  Spend your money wisely


I have been dying to write this blog. I’ve been waiting patiently for TAX TIME to roll around to make this blog post relevant to you making more money.

The average tax refund in America is somewhere around $3000 this year.  

I remember the days when $3000 would have MADE my month, and some of you are living there now.  

The extra money is going to completely give you breathing space that you’ve been praying for.

The sad part is that you are going to spend it all on things that are going to keep you stuck if you aren’t careful.

Imagine a day when you are NOT getting returns in the mail anymore.  Imagine instead that you are paying through the nose for taxes because you made so much money this year.  Some of you just cringed at that thought.  

Paying a MASSIVE tax bill seems like your worst nightmare.

Well, it’s not.  If you are paying a lot of taxes, it means two things only.  

A) You had a GREAT year and 

B) You need a better CPA.  

We use CPA Moms in our practice, and they are great at saving us money. 

You see, if you are getting a tax refund at the end of the year, that is a good indication that you are not making a lot of money.  

At least, nothing that’s making you feel overly secure for your future.  

If you are like my mom, she has a savings plan with the Canadian government that she has been paying into her whole life.  It’s like her safety net for when she gets too old to work.

The challenge is she spent her entire life struggling and paying into a plan to make sure that she survives the rest of her years.  In many cases, people with this plan JUST SCRAPE by.  

It’s sad to me, and here’s why.

First of all, please don’t shoot the messenger.  I’m not trying to make you feel bad.  In actuality, my hopes are to shift your awareness that there is another way to live.  It doesn’t matter if you’ve failed at investing in the past or if you just aren’t sure what to do to double or triple your monthly income.  The fact of the matter is that you have choices.

With the Internet today you can reach so many people with a few small, consistent steps that every woman can do from behind her laptop computer.  The other fact is that if you are getting a refund, my hopes are that you won’t use it to pay down debt.

Use your money wisely and invest it into someone that can teach you how to FISH.  Otherwise, empower yourself and learn how to use the Internet to make more money.  Paying down debt isn’t going to leverage that money.  

Now don’t get me wrong, I am a BIG fan on having no bad debt!  However, for most women the debt would take you a lifetime to pay with your current income.  

So you need a new plan!

Let me paint a quick picture for you.  If you have a few thousand dollars extra (or even left in your account), my suggestion is to invest it into something that is going to generate you money within the next 60 days.  Marketing with a blog can bring those opportunities to you.

You need four things to make money with a blog:

#1  Traffic to your blog.  That happens through blogging at least three times a week.  You can read more about blogging in my article on how to find time to blog.

#2 Great content.  The short answer to this step is to be authentic, real, and don’t ramble.  Write blogs that are 500 words, bold for easy reading, and make them relevant so that your readers can actually do something with your post.  It’s not a journal for you to just chat with no point. 

#3 Offer a life-changing giveaway that your audience is willing to give you their contact information for.  We give away seven cutting- edge secrets in a video series that I did from my home in Palm Springs.  You can check that out here

#4 A bigger offer for your ideal client to take advantage of.  That means you need to know your clients’ needs and give them a kick-ass service or product that they can’t live without.  Something that is going to transform their life at an unbeatable price.

For us, our clients ABSOLUTELY can’t live without our Making Money Online – The Conscious Way training if they want to make money now.  

It’s our no-brainer offer and it does two things.  It helps our clients get over confusion and paralysis so they can start making money faster.  And second, it allows my clients to get to know and trust me as their mentor.

When you are putting together your BIGGER offer, be sure that you give more value than your client has paid for and WOW the socks off them.  

All right, now go do it!

Before you go, please do me a favor and let me know if you liked this blog post.  It’s the only way I know if this information is helpful to you.  


Much Love,

Shanda Sumpter

Queen Visionary | HeartCore Women

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Hi! I’m Shanda Sumpter, owner of HeartCore Business, investor to entrepreneurs on The Pitch, and named as one of Inc. 5000’s fastest growing companies in 2017, 2018, and 2019. I’ve helped business owners all over the nation grow and scale their businesses while enjoying their lives more. I believe in giving generously and being honest—all in the name of leaving a legacy.

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