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	<title>Comments on: Case Study: How a yoga instructor handled losing 40% of her income</title>
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	<link>http://www.iwillteachyoutoberich.com/blog/case-study-how-a-yoga-instructor-handled-losing-40-of-her-income/</link>
	<description>Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times.</description>
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		<title>By: Asia Nelson</title>
		<link>http://www.iwillteachyoutoberich.com/blog/case-study-how-a-yoga-instructor-handled-losing-40-of-her-income/comment-page-1/#comment-102918</link>
		<dc:creator>Asia Nelson</dc:creator>
		<pubDate>Wed, 08 Jul 2009 21:44:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/blog/?p=1276#comment-102918</guid>
		<description>Ok, 2 points to address:

1. When I &quot;fired&quot; my clients, that meant I dropped private clients who weren&#039;t matching my vision and dedication. For example, I had a handful of people who had the money/could afford me, but who were not dedicated. This meant I would often be left outside their home during a scheduled session time b/c they forgot to let me know they&#039;d be gone. They&#039;d still pay me, but that&#039;s not the kind of relationship I want to have with my clients. It&#039;s as much an energy exchange as a financial one. Letting go of those clients freed me up to take on the clients I have now, who are all enthusiastic about their yoga practice. We create a mutually positive experience! 

2. The car. Oh, the car. Seems to be causing quite a stir. To be clear, my car is a &#039;97 Lexus. A bit up on the scale, but it was so well taken care of (had less than 100 000km when I bought it), previously owned by a little old lady who used it to get groceries and almost never drove it in the winter. I couldn&#039;t pass it up. Yes, I could&#039;ve let those payments be lower and pay longer, but I simply preferred to have the thing paid off right away. Now, as of next month it&#039;s paid and I&#039;ve adjusted in the meantime to spending an extra $400/mo. Once my last payment is done, I&#039;ll seamlessly redirect that $400/mo to a better health insurance plan and more investing in marketing.

Hope that provides more clarity!</description>
		<content:encoded><![CDATA[<p>Ok, 2 points to address:</p>
<p>1. When I &#8220;fired&#8221; my clients, that meant I dropped private clients who weren&#8217;t matching my vision and dedication. For example, I had a handful of people who had the money/could afford me, but who were not dedicated. This meant I would often be left outside their home during a scheduled session time b/c they forgot to let me know they&#8217;d be gone. They&#8217;d still pay me, but that&#8217;s not the kind of relationship I want to have with my clients. It&#8217;s as much an energy exchange as a financial one. Letting go of those clients freed me up to take on the clients I have now, who are all enthusiastic about their yoga practice. We create a mutually positive experience! </p>
<p>2. The car. Oh, the car. Seems to be causing quite a stir. To be clear, my car is a &#8216;97 Lexus. A bit up on the scale, but it was so well taken care of (had less than 100 000km when I bought it), previously owned by a little old lady who used it to get groceries and almost never drove it in the winter. I couldn&#8217;t pass it up. Yes, I could&#8217;ve let those payments be lower and pay longer, but I simply preferred to have the thing paid off right away. Now, as of next month it&#8217;s paid and I&#8217;ve adjusted in the meantime to spending an extra $400/mo. Once my last payment is done, I&#8217;ll seamlessly redirect that $400/mo to a better health insurance plan and more investing in marketing.</p>
<p>Hope that provides more clarity!</p>
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		<title>By: Dana Springer</title>
		<link>http://www.iwillteachyoutoberich.com/blog/case-study-how-a-yoga-instructor-handled-losing-40-of-her-income/comment-page-1/#comment-97684</link>
		<dc:creator>Dana Springer</dc:creator>
		<pubDate>Sat, 09 May 2009 15:13:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/blog/?p=1276#comment-97684</guid>
		<description>I love this--I need to read how other people are becoming improving their lives (or not). It helps me make my own decisions. I&#039;m re-subscribing to your site, because of this post. Please keep it up!!</description>
		<content:encoded><![CDATA[<p>I love this&#8211;I need to read how other people are becoming improving their lives (or not). It helps me make my own decisions. I&#8217;m re-subscribing to your site, because of this post. Please keep it up!!</p>
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		<title>By: AD</title>
		<link>http://www.iwillteachyoutoberich.com/blog/case-study-how-a-yoga-instructor-handled-losing-40-of-her-income/comment-page-1/#comment-97411</link>
		<dc:creator>AD</dc:creator>
		<pubDate>Wed, 06 May 2009 22:57:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/blog/?p=1276#comment-97411</guid>
		<description>I would LOVE follow-ups and some of the more in-depth info because I have been considering yoga certification. Rather than work for a studio, though, I would want to do more of my own thing, but the idea of renting a space did not sound very appealing. How great to learn there&#039;s another way to run a yoga business that works.

@Amy--How did you find your locations, and what sort of agreement did you work out with those spaces? I like your site, by the way. Very clean look and well organized.</description>
		<content:encoded><![CDATA[<p>I would LOVE follow-ups and some of the more in-depth info because I have been considering yoga certification. Rather than work for a studio, though, I would want to do more of my own thing, but the idea of renting a space did not sound very appealing. How great to learn there&#8217;s another way to run a yoga business that works.</p>
<p>@Amy&#8211;How did you find your locations, and what sort of agreement did you work out with those spaces? I like your site, by the way. Very clean look and well organized.</p>
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		<title>By: C</title>
		<link>http://www.iwillteachyoutoberich.com/blog/case-study-how-a-yoga-instructor-handled-losing-40-of-her-income/comment-page-1/#comment-97393</link>
		<dc:creator>C</dc:creator>
		<pubDate>Wed, 06 May 2009 20:32:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/blog/?p=1276#comment-97393</guid>
		<description>I like the case study format.. To the 2nd commentator and others who are interested, &quot;hiremymom.com&quot; has a lot of commission based and work from home jobs available.. I signed up in Feb and was able to get 2 offers/independent contractor jobs within a couple of weeks..</description>
		<content:encoded><![CDATA[<p>I like the case study format.. To the 2nd commentator and others who are interested, &#8220;hiremymom.com&#8221; has a lot of commission based and work from home jobs available.. I signed up in Feb and was able to get 2 offers/independent contractor jobs within a couple of weeks..</p>
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		<title>By: Stuart Fleming</title>
		<link>http://www.iwillteachyoutoberich.com/blog/case-study-how-a-yoga-instructor-handled-losing-40-of-her-income/comment-page-1/#comment-96830</link>
		<dc:creator>Stuart Fleming</dc:creator>
		<pubDate>Fri, 01 May 2009 21:24:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/blog/?p=1276#comment-96830</guid>
		<description>&lt;strong&gt;Wealth / Money Expert for Teens - sharing the &#8216;best of the web&#8217; this week...&lt;/strong&gt;


What teens need to know about money - a wealth of resources and information at your fingertips:
60% of NBA players broke after 5 years
7 ways saving money is like losing weight
New financial literacy game blends fiscal and physical fitness
Suze Orman ...</description>
		<content:encoded><![CDATA[<p><strong>Wealth / Money Expert for Teens &#8211; sharing the &#8216;best of the web&#8217; this week&#8230;</strong></p>
<p>What teens need to know about money &#8211; a wealth of resources and information at your fingertips:<br />
60% of NBA players broke after 5 years<br />
7 ways saving money is like losing weight<br />
New financial literacy game blends fiscal and physical fitness<br />
Suze Orman &#8230;</p>
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		<title>By: Danielle</title>
		<link>http://www.iwillteachyoutoberich.com/blog/case-study-how-a-yoga-instructor-handled-losing-40-of-her-income/comment-page-1/#comment-96820</link>
		<dc:creator>Danielle</dc:creator>
		<pubDate>Fri, 01 May 2009 20:34:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/blog/?p=1276#comment-96820</guid>
		<description>I like the case study format!</description>
		<content:encoded><![CDATA[<p>I like the case study format!</p>
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		<title>By: Amy</title>
		<link>http://www.iwillteachyoutoberich.com/blog/case-study-how-a-yoga-instructor-handled-losing-40-of-her-income/comment-page-1/#comment-96729</link>
		<dc:creator>Amy</dc:creator>
		<pubDate>Fri, 01 May 2009 03:09:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/blog/?p=1276#comment-96729</guid>
		<description>The Mitsubushi you mentioned, yes. It mostly depends on the model you choose. I think I made a valid point, and I do feel that a $5000 car is probably one that is rapidly approaching (if not exceeding) 100,000 miles, and all kinds of maintenance expenses once that mile marker is reached. Going gung-ho on paying it off with huge monthly payments, and getting no return on that car once it&#039;s reached its end . . . combined with huge insurance payments on a car whose damage in an accident could easily exceed or at least come close to exceeding its value . . . just stuff to think about.</description>
		<content:encoded><![CDATA[<p>The Mitsubushi you mentioned, yes. It mostly depends on the model you choose. I think I made a valid point, and I do feel that a $5000 car is probably one that is rapidly approaching (if not exceeding) 100,000 miles, and all kinds of maintenance expenses once that mile marker is reached. Going gung-ho on paying it off with huge monthly payments, and getting no return on that car once it&#8217;s reached its end . . . combined with huge insurance payments on a car whose damage in an accident could easily exceed or at least come close to exceeding its value . . . just stuff to think about.</p>
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		<title>By: Foxie @ Foxy Finances</title>
		<link>http://www.iwillteachyoutoberich.com/blog/case-study-how-a-yoga-instructor-handled-losing-40-of-her-income/comment-page-1/#comment-96669</link>
		<dc:creator>Foxie @ Foxy Finances</dc:creator>
		<pubDate>Thu, 30 Apr 2009 15:34:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/blog/?p=1276#comment-96669</guid>
		<description>&quot;f I have a car that I completely need for work every day and drive it around a lot, one that’s bound to have some serious repairs soon since it only cost $5000[...]&quot;

Amy, that view is fairly narrow-sighted. There are MANY fine examples of cars in that price range that will last, price has NOTHING to do with the mechanical needs of a car. I&#039;ve heard many horror stories about brand new cars having failing components, all the way up to total engine failure before 10k miles. (The newest bad stories I&#039;ve heard involve the Mitsubishi Evo X, all sorts of things go wrong with some and they&#039;re BRAND NEW. I&#039;ve had at least two stories from two different people about two different problems. Same car, though.) My $6k car works just fine and has never left me stranded, and is also raced regularly while still being a daily driver.

Of course, it&#039;s all up to opinion. If she wanted, she could see about tax benefits for claiming part of the car for business purposes. That would maybe let her have a newer car, though it sounds like the older one was indeed a choice.</description>
		<content:encoded><![CDATA[<p>&#8220;f I have a car that I completely need for work every day and drive it around a lot, one that’s bound to have some serious repairs soon since it only cost $5000[...]&#8221;</p>
<p>Amy, that view is fairly narrow-sighted. There are MANY fine examples of cars in that price range that will last, price has NOTHING to do with the mechanical needs of a car. I&#8217;ve heard many horror stories about brand new cars having failing components, all the way up to total engine failure before 10k miles. (The newest bad stories I&#8217;ve heard involve the Mitsubishi Evo X, all sorts of things go wrong with some and they&#8217;re BRAND NEW. I&#8217;ve had at least two stories from two different people about two different problems. Same car, though.) My $6k car works just fine and has never left me stranded, and is also raced regularly while still being a daily driver.</p>
<p>Of course, it&#8217;s all up to opinion. If she wanted, she could see about tax benefits for claiming part of the car for business purposes. That would maybe let her have a newer car, though it sounds like the older one was indeed a choice.</p>
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		<title>By: Amy</title>
		<link>http://www.iwillteachyoutoberich.com/blog/case-study-how-a-yoga-instructor-handled-losing-40-of-her-income/comment-page-1/#comment-96591</link>
		<dc:creator>Amy</dc:creator>
		<pubDate>Thu, 30 Apr 2009 02:54:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/blog/?p=1276#comment-96591</guid>
		<description>Something about the car bothers me. Does anyone here know if trying to pay off a $5000 car in one year makes sense? If I have a car that I completely need for work every day and drive it around a lot, one that&#039;s bound to have some serious repairs soon since it only cost $5000, and then I pay high insurance on it to keep me safe and pay for repairs that might amount to more than the car is worth . . . is she flushing money down the tubes? Sounds like a money drain with tons of money ahead of her to keep that car going and with no return on her money, because with all those added miles, who would buy it? Am I making sense? I think she has caught herself in a bit of a money trap with that car. Even though the thought of making payments on, say, a $10,000 car may seem scary, you can get a good car for that price, one that holds its value and probably won&#039;t need more than the usual maintenance checks. Thoughts on this?</description>
		<content:encoded><![CDATA[<p>Something about the car bothers me. Does anyone here know if trying to pay off a $5000 car in one year makes sense? If I have a car that I completely need for work every day and drive it around a lot, one that&#8217;s bound to have some serious repairs soon since it only cost $5000, and then I pay high insurance on it to keep me safe and pay for repairs that might amount to more than the car is worth . . . is she flushing money down the tubes? Sounds like a money drain with tons of money ahead of her to keep that car going and with no return on her money, because with all those added miles, who would buy it? Am I making sense? I think she has caught herself in a bit of a money trap with that car. Even though the thought of making payments on, say, a $10,000 car may seem scary, you can get a good car for that price, one that holds its value and probably won&#8217;t need more than the usual maintenance checks. Thoughts on this?</p>
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		<title>By: Dee</title>
		<link>http://www.iwillteachyoutoberich.com/blog/case-study-how-a-yoga-instructor-handled-losing-40-of-her-income/comment-page-1/#comment-96590</link>
		<dc:creator>Dee</dc:creator>
		<pubDate>Thu, 30 Apr 2009 02:47:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/blog/?p=1276#comment-96590</guid>
		<description>Asia, I&#039;m not sure what you mean when you say you &quot;fired your bad/uncommitted clients.&quot; Are you referring to your yoga students? Everything is always in flux, including your students. And as a yoga student of 15+ years, whose finances frequently bottom up, I&#039;m simply unable to commit to ongoing lessons. It saddens me to think that you would &quot;fire&quot; those who can&#039;t commit to you, when you seem unwilling to commit to them and be supportive of life stuff that often keeps people from doing the things that can help them blossom and grow.</description>
		<content:encoded><![CDATA[<p>Asia, I&#8217;m not sure what you mean when you say you &#8220;fired your bad/uncommitted clients.&#8221; Are you referring to your yoga students? Everything is always in flux, including your students. And as a yoga student of 15+ years, whose finances frequently bottom up, I&#8217;m simply unable to commit to ongoing lessons. It saddens me to think that you would &#8220;fire&#8221; those who can&#8217;t commit to you, when you seem unwilling to commit to them and be supportive of life stuff that often keeps people from doing the things that can help them blossom and grow.</p>
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