“You divide that monthly negative amount into the cash that you've got right now, and that's how many months you have to go”
♫
Said on Tony Robbins Podcast Daily
Jessica Ricci · She's On The Money · How to Budget on an Irregular Income + The $110K First Home Dilemma
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calculate baseline monthly expenses, divide by 12, set that amount aside each month and add extra when available
“You divide that monthly negative amount into the cash that you've got right now, and that's how many months you have to go”
“I want you to take a percentage of your profits each month… 5%, 10%, 15%, whatever, and set that aside for business retained earnings”
“When we pace for pain, what we're actually doing is taking our power back… we calculate the baseline amount of activity… slowly, gradually work our way up… until we achieve our goal.”
“We took 3% of pay… never notice it… every raise add another 3%… within 12 years they were putting aside on average 17%”
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