The Power of Budgets and Negotiation

When you crack open your monthly bank account statement you notice something:

There are dozens of debits (-) and rare few (+) credits.

Most folks get paid twice each month, and yet our checking accounts are linked to dozens of bill pay functions with scheduled payments deducting money every month.

Then we make matters worse walking around armed with plastic cards, constantly depleting our accounts.

Simply put: the war for wealth is won when you flip the dynamic.

You win when your accounts show rare few outflows but are dotted with income. We’ve discussed these different wealth engines: dividend payments, monthly recurring revenue, sale of digital products, royalties, premiums from options, and more.

Starting a business is a great way to create more income.

Great way to create more expenses, too.

In fact, expenses and risk are the only guarantees in business. That’s why I advocate for passive wealth engines first to increase the surface area of your wealth that is yielding for you. Then you c…