This Is What I'd Do to Save More Money - Automatically

This Is What I'd Do to Save More Money - Automatically

⚒️Resources⚒️

Free Masterclass On How to Increase Income In Retirement By Up To 30%: https://app.thepeakfp.com/free-training

But with money thats extremely difficult to do

It flows so many places in our lives - we may have 30, 40, 50 places our money goes to each month

Keeping a mental map of that is just impossiple!

no wonder so many of us know that we have money issues and never to attend them

let me dispel some myths now

It's not only those of us without money that have issues

whether you make $50k, $100k, $500k, or a million dollars a year

You can have money problems

If you’re low on cash flow your problem is probably that you never face the fact that you won't meet your savings goals

If you have tons of extra free cash flow, your problem is that you probably accumulate cash that erodes in value.

Both scenarios are a problem of overwhelm

The problem starts out small, and as we avoid it, it gets bigger and bigger

Making it less and less likely that we attend to it

So how do we break through the inertia, the paralysis of an overwhelming project we don’t feel equipped to handle?

Turn it into a progression

Break it down into its component parts and then tackle those parts one at a time step by step

If you’re don’t feel confident breaking it down, find someone who has and then follow their system

That’s exactly what the Financial Pyramid system is

It breaks down a larger problem into three component parts

One - Cash Flow

Two - Money Tree

Three - Personal Profit first

If you haven’t already, I encourage you to visit my youtube channel and check out the longer format videos - basically a masterclass on how and why to build your own financial pyramid

I’ve said this before and I’ll continue saying it long after your tired of hearing it

Your future self will thank you for implementing this system

00:09 Intro to Profit First

02:47 Review of the Financial Pyramid

04:08 Money Tree Visual

05:41 Profit First "Buckets"

07:48 Monthly Expense Bucket

10:07 Annual Expense Buckets

14:09 Profit/Wishlist Savings Buckets

16:59 How to split your cash surplus between savings buckets

18:57 Tax Bucket

20:41 Walkthrough of Eric's Personal Family Profit First System

22:39 How to set the system up