
Why Cash Flow is King with Erick Rheam
The Speaker Lab Podcast
00:00
What's the Second Big Idea?
Grant: I like the way Mike mc cowas laid it out there. He says you need buckets, but that your money has a job. So every cent that you bring in should be assigned to something and so there are five accounts that i put ina. This is based on the profit first methodology. The owner account i have 36% of my income goes into this account. That's what i used to pay myself. And we'll talk about how that affects me later. Grant: What i do here was a game changer for me. In fact, e-mailing people who don't understand business isn't as good as emailing them when they're not paying attention.
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