Episode 089: Self-Employed Parents Can Put Their Kids First Says Ally Loprete

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Ally Loprete OurMilkMoney

Ally Loprete

Ally Loprete founded OurMilkMoney.com eight years ago to empower self-employed parents to put their children first without apology. It’s a business directory that creates financial opportunities for self-employed parents.

Today she is a successful business coach and speaker with a radio show on iHeartRadio and a television deal in the works! She wants to enable other parents to live their purpose and to help them find financial opportunities that fit the stay-at-home parent lifestyle.

Almost a decade ago Ally lost her job and wanted to stay at home with her children.  She experimented with lots of different business that would help supplement her husband’s income. Initially she made just $200/month and today she is making well over six figures a year!

Key UnStuckable Takeaway

Figure out how much money you really need to survive!

If you have no idea how much money you spend each month, do yourself a favor and figure it out. You’d be surprised to see the money you are wasting and what you are wasting it on!

When Ally lost her job, one of the first things her and her husband looked at was their spending.  They discovered they only need any additional $500/month to supplement her husband’s income and to meet their expenses.

In terms of starting a business, a goal of $500/month in revenue isn’t all that much. When you start tracking your spending and understand your basic needs, you’ll discover you don’t need as much money as you thought. Even if you haven’t lost your job, this exercise will empower you and give you greater confidence in your career options.

Quick Action to Get Unstuck

Write down what’s in your way.

Ally recommends taking a few minutes right now to write down your goals and the fears that are preventing you from accomplishing those goals.  Get started by:

1. Fold a piece of paper in half.

2. On the left hand side, write down all of your goals and dreams.

3. Prioritize your goals and dreams be assigning one number next to each (1 being the most important).

4. On the right hand side of the paper, write down the key fear to each corresponding goal that is preventing you from accomplishing that goal or dream.

5. You have nothing to lose, so write down three alternative ways to overcome each fear, so you can achieve your goals.

UnStuckable Quotes From Ally

“We fall into things we never expected.”

“Self-employed parents are a force to be reckoned with.”

“Corporate America has been losing parents. Not to their competitors, but to self employment.”

“Every struggle is an opportunity to learn.”

“Every bad experience is another chapter in my book someone is going to learn from.”

“I loved expensive shoes before I became a mom.”

More Habits & Actions

  • After giving birth to her first son, Ally was desperate to leave her job. Her prayers were answered when she was fired.
  • With no business skills, she was determine to stay at home with her son and look for ways to supplement her lost income from her job.
  • She started making jewelry as her first business.
  • The road to OurMilkMoney was started when Ally sent an email to other self-employed parents to see if they felt the same need as she did. She ended up receiving thousands of responses, roughly 100 to 200 emails each day!
  • The vision of OurMilkMoney was to get self-employed parents to buy from each other, so they could employ themselves financially.
  • The core motivation shared by each self-employed parent is their love for their children.
  • When Ally started working for herself, she only needed to generate an additional $500 each month to supplement her husband’s paycheck.  Initially, Ally only had six hours a week to dedicated to her business.
  • Assess your skills as the first step to see how you might be able to work for yourself.

Alternative Perspectives

  • Ally says the parents using OurMilkMoney have made their families first without apology.
  • Parents still want to work hard, but they just want more control over how they work.
  • As you build your business as a parent it’s important to know your limits.
  • Work as much as you can with other parents, so you don’t have to apologize for your kids.
  • Try not to work in front of your kids, so you can give them quality attention.

Resources

Ally Loprete’s Website

OurMilkMoney

This Little Parent Stayed Home

The Home Free Thrive Guide

David Essel on iHeartRadio

Thinking Into Results by Bob Proctor 

Allison Sutter

Questions & Feedback

Have a question or feedback for us? Email getunstuck@unstuckable.co or Tweet @unstuckable

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