I just read The Millionaire Fastlane and in chapter 37 he writes:
"Seek to create a business system that generates [5x your Gross Living Cost]". "40% goes to taxes, 40% goes to fund your moneysystem, and 20% pays for your lifestyle".
Ok, but what do you do with your income before your business system generates 5x your Gross Living Cost? Do I still do the above? Do I put 40% back into the business instead of the money system? Or 20% back into the business, 20% into the money system and 20% to your current lifestyle?
Did MJ DeMarco forget about this part or is there something i'm not remembering?
"Seek to create a business system that generates [5x your Gross Living Cost]". "40% goes to taxes, 40% goes to fund your money
Ok, but what do you do with your income before your business system generates 5x your Gross Living Cost? Do I still do the above? Do I put 40% back into the business instead of the money system? Or 20% back into the business, 20% into the money system and 20% to your current lifestyle?
Did MJ DeMarco forget about this part or is there something i'm not remembering?
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