This Is What I'd Do to Save More Money - Automatically
This Is What I'd Do to Save More Money - Automatically
⚒️Resources⚒️
Free Masterclass On How to Increase Income In Retirement By Up To 30%: https://app.thepeakfp.com/free-training
But with money thats extremely difficult to do
It flows so many places in our lives - we may have 30, 40, 50 places our money goes to each month
Keeping a mental map of that is just impossiple!
no wonder so many of us know that we have money issues and never to attend them
let me dispel some myths now
It's not only those of us without money that have issues
whether you make $50k, $100k, $500k, or a million dollars a year
You can have money problems
If you’re low on cash flow your problem is probably that you never face the fact that you won't meet your savings goals
If you have tons of extra free cash flow, your problem is that you probably accumulate cash that erodes in value.
Both scenarios are a problem of overwhelm
The problem starts out small, and as we avoid it, it gets bigger and bigger
Making it less and less likely that we attend to it
So how do we break through the inertia, the paralysis of an overwhelming project we don’t feel equipped to handle?
Turn it into a progression
Break it down into its component parts and then tackle those parts one at a time step by step
If you’re don’t feel confident breaking it down, find someone who has and then follow their system
That’s exactly what the Financial Pyramid system is
It breaks down a larger problem into three component parts
One - Cash Flow
Two - Money Tree
Three - Personal Profit first
If you haven’t already, I encourage you to visit my youtube channel and check out the longer format videos - basically a masterclass on how and why to build your own financial pyramid
I’ve said this before and I’ll continue saying it long after your tired of hearing it
Your future self will thank you for implementing this system
00:09 Intro to Profit First
02:47 Review of the Financial Pyramid
04:08 Money Tree Visual
05:41 Profit First "Buckets"
07:48 Monthly Expense Bucket
10:07 Annual Expense Buckets
14:09 Profit/Wishlist Savings Buckets
16:59 How to split your cash surplus between savings buckets
18:57 Tax Bucket
20:41 Walkthrough of Eric's Personal Family Profit First System
22:39 How to set the system up
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