Double Your Profit Day #18 How I Destroy Monthly Bills and Save Big!
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Aug 18, 2025
Discover the art of cutting unnecessary expenses with a humorous twist known as the 'F** It Up List.' Learn how small costs can add up in a multi-million-dollar business and why auditing them monthly is crucial. Uncover the power of renegotiation and digital vendor cards for better control over finances. Understand why tracking costs should feel annoying yet rewarding, and how saving money can boost team morale through reinvestment. It's time to take charge of your recurring bills and enjoy the process!
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volunteer_activism ADVICE
Audit Recurring Costs Monthly
Review every recurring cost monthly and treat each dollar as important.
Small $100 charges add up fast in a large business and must be tracked.
volunteer_activism ADVICE
Use Digital Vendor Cards
Use a card system that issues digital vendor cards to isolate services.
Canceling a vendor card gives you leverage when renegotiating or testing necessity.
insights INSIGHT
Money Controls Negotiation Power
Negotiation power increases when you control the money flow.
"He who has the gold makes the rules" captures that leverage dynamic.
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Welcome to Day 18 of the Double Your Profit Series The go-to series for contractors, home service owners, and small business entrepreneurs. Today, we’re talking about one of the most overlooked but powerful levers in your business: Reviewing and ruthlessly cutting recurring costs. I call this the “F** It Up List”* (we’ll bleep it for YouTube 😉). Every month, I go through all recurring expenses in the business and ask one simple question: Do we really need this — and can we negotiate it down?
🧠 Why Recurring Costs Matter Every dollar counts, whether it’s $100 or $2,000 a month. Those small recurring charges stack up fast — especially in a multi-million-dollar business — and they’re often the hardest to spot. That’s why creating a system for tracking, reviewing, and renegotiating recurring costs isn’t just smart… it’s essential.
💡 What You’ll Learn in This Episode: How to build a “F* It Up List”** and audit every recurring cost in your business Why setting up digital vendor cards (with tools like Ramp or Divvy) gives you leverage and control The golden rule of negotiation: he who has the gold makes the rules Why keeping a recurring cost list should feel “annoying” — and how that pain actually saves you money The power of canceling vendor cards just to test if a tool is still really needed Why renegotiating often isn’t just smart — it’s fun (and one of the few times business owners get to be ruthless guilt-free)
The best way to reinvest savings: back into your people, with bonuses tied to cost discipline
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⚙️ The Big Picture Recurring costs are like weeds — if you don’t check in regularly, they multiply. By putting strong controls in place, renegotiating constantly, and making it inconvenient to add new costs, you’ll protect profits and free up cash for the things that matter most.
🔥 Think of this episode as your playbook for cutting costs without cutting corners.
John Wilson, CEO of Wilson Companies Jack Carr, CEO of Rapid HVAC 📌 Disclaimer: Some links may include UTM parameters or affiliate relationships, meaning we may earn a commission if you make a purchase. Episodes may feature sponsors, but all opinions expressed are our own.
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