117: Expert Fridays: Chris Miles: Cash flow tips.
Update: 2016-09-09
Description
Chris Miles, the "Cash Flow Expert", is a leading authority on how to quickly free up and create cash flow for thousands of his clients, entrepreneurs, and others internationally! He’s an author, speaker, and podcast host of The Chris Miles Money Show, and has been featured in US News, CNN Money, and Entrepreneur on Fire, helping thousands internationally get fast financial results.
Chris teaches...
Cashflow : Difference between income and expenses
Track using Mint.com
Scenario: Working full-time while building business on the side.
If you are still working a job while building your business, be grateful for that job you are in so you can build up your reserves and business, instead of being desperate to leave.
Spend money only when it makes sense. Keep track of expenses.
Cut down whatever expenses that you don't need to build some reserved funds.
If your employer is open to it, gradually reduce your hours at work as you business grows.
General rule of thumb, leave your job when you've consistently earning at least 10% more than what you're earning from your job.
Scenario: Took the Leap and full-time in your business.
Continue to track and watch your money.
Law of Attention - Whatever you put your attention towards will expand and grow.
Law of Atrophy: Whatever you ignore or don't use will leave you.
Track your productive activities. Ex. where sales came from and how much you spent to get those sales.
How to contact Chris?
Website: moneyripples.com
Podcast: The Chris Miles Money Show on iTunes
Email: chris@moneyripples.com
12 Week Mastery Program link planningyourleap.com/12weekmastery
Thanks for listening!
Thanks so much for joining me again today. Do you have some feedback you’d like to share? Leave a note in the comment section below!
Also, please leave an honest review for the PYLIB podcast on iTunes. Ratings and review are super helpful and very much appreciated. I read each and every one of them.
If you have questions for the Ask Melin episode on the last Wednesday of the month, please email feedback@planningyourleap.com
Finally, remember to subscribe to the show on iTunes or GooglePlay to get automatic updates.
Decide. Do. Done!
Chris teaches...
Cashflow : Difference between income and expenses
Track using Mint.com
Scenario: Working full-time while building business on the side.
If you are still working a job while building your business, be grateful for that job you are in so you can build up your reserves and business, instead of being desperate to leave.
Spend money only when it makes sense. Keep track of expenses.
Cut down whatever expenses that you don't need to build some reserved funds.
If your employer is open to it, gradually reduce your hours at work as you business grows.
General rule of thumb, leave your job when you've consistently earning at least 10% more than what you're earning from your job.
Scenario: Took the Leap and full-time in your business.
Continue to track and watch your money.
Law of Attention - Whatever you put your attention towards will expand and grow.
Law of Atrophy: Whatever you ignore or don't use will leave you.
Track your productive activities. Ex. where sales came from and how much you spent to get those sales.
How to contact Chris?
Website: moneyripples.com
Podcast: The Chris Miles Money Show on iTunes
Email: chris@moneyripples.com
12 Week Mastery Program link planningyourleap.com/12weekmastery
Thanks for listening!
Thanks so much for joining me again today. Do you have some feedback you’d like to share? Leave a note in the comment section below!
Also, please leave an honest review for the PYLIB podcast on iTunes. Ratings and review are super helpful and very much appreciated. I read each and every one of them.
If you have questions for the Ask Melin episode on the last Wednesday of the month, please email feedback@planningyourleap.com
Finally, remember to subscribe to the show on iTunes or GooglePlay to get automatic updates.
Decide. Do. Done!
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