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EP071: Scarcity – Know Your Numbers
Manage episode 310587519 series 3062733
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If you want to live an abundant life, you need to take care of your financial “numbers” and make sure you are on the profit side. We’ll discuss how managing debt creates scarcity, while managing profit creates abundance.
Finally, we’ll talk about the importance of investing in yourself and teaching positive money habits to your kids.
POINT #1: Managing Debt Creates Scarcity and Managing Profit Creates Abundance
* Managing debt creates a scarcity mentality, so it is critical that you look at your personal and business finances, understand your income/expenses, and make sure you are managing profit.
* When you are managing profit, you create abundance.
* Abundance will bring confidence, certainty and courage to your life.
* It doesn’t matter how much profit you have ($100, $1,000 or $10,000), as long as you have some.
POINT #2: Some Profit Should Be Reinvested in You
* You cr
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Finally, we’ll talk about the importance of investing in yourself and teaching positive money habits to your kids.
POINT #1: Managing Debt Creates Scarcity and Managing Profit Creates Abundance
* Managing debt creates a scarcity mentality, so it is critical that you look at your personal and business finances, understand your income/expenses, and make sure you are managing profit.
* When you are managing profit, you create abundance.
* Abundance will bring confidence, certainty and courage to your life.
* It doesn’t matter how much profit you have ($100, $1,000 or $10,000), as long as you have some.
POINT #2: Some Profit Should Be Reinvested in You
* You cr
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