Are you someone who aspires to earn a million dollars a year or more as an entrepreneur? Or, maybe you’re already making this much money? Today’s guest has some incredible insights for all of us.

Elaine Pofeldt is the author of the new popular book, The Million-Dollar, One-Person Business. It’s about entrepreneurs who earn more than a million dollars a year on their own without any staff employees. Elaine began her career as a senior editor for Fortune Small Business magazine. She’s been nominated for numerous awards and she’s been a freelance journalist for over 10 years now. Her latest research involves speaking with, interviewing dozens and dozens of entrepreneurs across the country, who’ve hit the one million dollar revenue mark. She discovered what makes them tick, how they reinvest their income and how much are they really taking home.

We talked about margins as I think that’s one of the big important aspects of making money as how much do you actually pocket. Elaine is a self-employed journalist and mom of four kids. I want to know… how does she manage her time? She’s got a surprising answer as well for the one expense that makes her life easier and better.

If you’d like to learn more about Elaine visit her website elainepofeldt.com or follow her on Twitter @ElainePofeldt.