Been listening to some tapes in the car. Many of the speakers advise changing your focus from one day or week or month to one year, five, year, ten years out. I am actively working on my 10 year plan. One area of planning involves cashflow, expenses vs income. What are your methods for dealing with this?
Me, I have had a job so my income is pretty predictable. I have been using quicken and I set up a checking account for each year. I then post known, repeating expenses in each register. I also post projected income in each register. Then I can see months and year in advance when there may be a cashflow pinch.
The long distance planning helps keep me on the road and out of the ditches. I like being ahead and the leader, don't like having to always be reacting to events.
Are your strategies any different than mine?
Me, I have had a job so my income is pretty predictable. I have been using quicken and I set up a checking account for each year. I then post known, repeating expenses in each register. I also post projected income in each register. Then I can see months and year in advance when there may be a cashflow pinch.
The long distance planning helps keep me on the road and out of the ditches. I like being ahead and the leader, don't like having to always be reacting to events.
Are your strategies any different than mine?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today