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Creating A License Model, Reducing Payroll Costs and Financial Planning w/ John Briggs

WTF Gym Talk

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Financial Planning

I use the same principle as profit first when it comes to managing finances. Parkinson's law exists. Our pile of supply of cash sitting in our bank account will continue to have a demand upon it until we put boundaries around it. I suggest the easiest way is to set some sort of dollar amount or percentage of your income and have it automatically taken out of your personal account and put into some sort of investment account. Just freaking do that. You're not going to miss the hundred bucks or whatever the small amount as you start with, you're at least creating this habit. But that to me is the easiest place to start that anybody can do today.

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