Notes from Chris

Episode 1793

When Morgan de Klerk graduated with degrees in Accounting and International Business, she immediately went into the corporate accounting world, thinking that was the logical next step. But the long hours behind a desk felt like a waste, and Morgan knew there had to be more to life.

After a bit of traveling with her husband, she settled down (at least for a while!) in Cape Town, South Africa. There she offered bookkeeping services to clients, which snowballed into a global accounting practice called MDK Services. Morgan had a team of fourteen contractors, and says it was a great learning experience.

One of the things she learned is that many small business owners don’t want a bookkeeper—they want to learn how to do the books themselves.

In 2020, that realization inspired Morgan to start Master Your Finances, a bookkeeping, money, and tax course that teaches contractors, freelancers, and small business owners how to manage their own money.

It cost about $3,000 to build. Most of the money went to a web developer who helped with the online course platform and building a proper e-commerce website. The benefit to that approach is that the content is all hers and she has full control over how it's presented. The challenge is that she needs her developer to make updates. Fortunately, she’s kept him on retainer.

The course now brings in profits of around $6,000 per month, and she’s hoping to hit six figures in 2022.

Morgan’s ultimate goal is to eventually stop offering accounting services all together and just focus on the course. She still has one large accounting client that she enjoys being hands on with, but the rest of her time is spent leading the course and helping students.

All things considered, Morgan loves the freedom of running her own business. She works about 20 hours or less per week and spends the rest of her time outdoors with her husband and kids (she has a one-year-old and another baby on the way). Some of that time is spent helping her husband run a non-profit called Rural Reach. It aims to help rural communities in Southern Africa with health, education, and job creation.

Going forward, Morgan plans to keep growing the bookkeeping course and bringing in more students.

 

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  MENTIONED IN THIS EPISODE:

• Want to master your own finances? Learn more about Morgan and her course at, MasterYourFinanceTtoday.com and follow her on social @masteryourfinancestoday.

SEE ALSO:

• Indian Personal Finance Blogger Rings Up $4,000/Month: Writing about money-saving hacks and passive income for readers in India yields big money for a software company employee.
• Savvy Couple Grows Finance Blog into Six Figure Business: It took nine months to get to $50—but soon afterwards, the tide began to turn for this husband and wife duo who wanted to get out of debt.
• Serial Side Hustler Works from 180 Sq Ft Airstream: An engineer charts a new career teaching personal finance, all while living on the road in an Airstream travel trailer.

Inspiration is good; inspiration combined with action is better. Now get back to work! Yours in the revolution,

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