Kathi Lipp is back with Roger Lipp for part 2 of this series about how to use the Profit First system to manage finances. Last week the couple talked about how spreadsheets and envelopes were not good systems for Kathi’s writing and speaking ministry, and how thrilled they were to find the Profit First system. This week, Kathi explains how Profit First is perfect for creative businesspeople by forcing them to take a creative approach to their finances. Listen as the financially savvy duo explains the framework of the system, including the purpose of having five separate accounts:


  • Income account
  • Profit account
  • Operating expenses
  • Taxes
  • Owner’s draw


If you are a creative entrepreneur that struggles with keeping money straight, you simply cannot miss this series. Tune in here to catch up on episode 1, and make sure you join in the next two weeks for episodes 3 and 4.

Links and Resources:

Profit First

Wells Fargo

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Meet Your Hosts

Kathi Lipp

Kathi Lipp

Author, Speaker, Communicator Academy Creator and CEO

Communicator Academy founder, Leverage: The Speaker Conference creator and master instructor Kathi Lipp, is a national speaker and author of 17 books including “Clutter Free,” “Overwhelmed,” and “The Husband Project.”

She is a frequent guest on radio and TV, and has been named Focus on the Family radio’s “Best of Broadcast.”

She is the host of the popular podcast “Clutter Free Academy with Kathi Lipp.”

Over the past 10 years, Kathi has helped hundreds of people increase their platform through teaching and coaching. She is a frequent teacher at writer’ s conferences and has helped countless authors and speakers find their audiences.

Kathi’s desire to help fellow speakers and authors avoid the mistakes she made, increase their confidence and be the person God made them to be, inspired her creation of Communicator Academy. Her newest adventure, is The Red House where she offers writer’s retreats and Writers in Residence events. Learn more about the Red House at https:writingattheredhouse.com

Roger Lipp

Roger Lipp

Roger is a productivity and quality engineer for a Fortune 50 company.

Roger helps teams reach their full productivity potential by teaching them practical and simple steps to reach their goals. Roger and his wife, author Kathi Lipp, teach communicators how to share their message through social media and email marketing.

He and Kathi coauthored Happy Habits for Every Couple with Harvest House Publishers.

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