August 11, 2023

Season 1, Episode 13

Description:

Ready to revolutionize your approach to personal finance? We're diving into the Profit First system—a remarkable strategy pioneered by Mike Michalowicz that puts you at the center of your financial universe. Discover how setting boundaries and prioritizing your financial well-being can significantly impact your income allocation, guiding you to set aside profits, taxes, and operating expenses from the get-go. We'll also walk you through the practicalities of setting up separate bank accounts, because trust us, it's not as complicated as it sounds.

Our exploration doesn't stop there. We take a balanced look at the pros and cons of the Profit First system, from the necessity of multiple bank accounts to the importance of truly comprehending your financial figures. Hear our thoughts on why a regular review of your financial statements is crucial and why relying solely on your bank balance for making finance decisions could be a costly mistake. Tune in, and let's turn the page on the way you handle your finances today.

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