FAQ: Money Management System - Step 1: Identify your income - by Davido @5StarTeachers.Net

#money #moneymanagement #income #finance #financialstress #financialfreedom #coaching #moneymanagementsystem #financialplanning Identifying your income is the very first step to manage your money properly. In this video I explain step-by-step how to add your income using your Money Management System. This process is only for the Fundamentals version of the Money Management System.
"Money Management 101" (Single-session Course)
-----------------------------
5starteachers.net/130/10/10/S...
"Money Management 101 Exploration" (Single-session Course)
-----------------------------
5starteachers.net/162/Mr-Davi...
Many people say:
"I don't have any money left to distribute. So what is there to manage?"
I say:
"distribute your money as soon as it comes in and you will have money left to manage."
You need to distribute your income properly, and most likely, as soon as it comes in. Even if it's a single dollar, it must be distributed according to percentages that you set for yourself.
You can use T. Harv Eker's (Secrets of the Millionaire Mind) percentages but if you are making ends meet, that might not work just yet.
7 great reasons why you need to manage your money
================================================
- to reduce your financial stress
- to reduce your debt if you have any
- to have more money left after you've managed it
- to keep track of your net worth progress, visually
- to know where it has all gone, visually
- to know what expenses are coming up
- to be able to make well-considered decisions based in logic not emotion
"Start managing your money and you will have more money left."
"Don't manage your money and you will never have any money left."
And if you aren't yet ready to book my Course and receive the Fundamentals Money Management System, here's the link to see what you'll get:
bit.ly/FreeMMS101iN
Try it, before you buy it!
Chapters
00:00 Step 1: identify your income
00:20 The goal
00:45 Distribute your income
01:07 Be serious about managing your money
01:25 Overwhelm
01:44 Running a tight ship
02:13 Bank statements
02:27 Advanced money managers
02:39 Fundamental MMMS
02:51 Add your incomes
03:32 Update Tracker
03:45 Outro
Find more Courses on 5starteachers.net/courses
Be well and speak soon,
Davido - CEO of 5StarTeachers.net
@5StarTeachers
5starteachers.net
In: 5starteachers.net/dvhaute
================================================
Credit where credit's due:
Thank you T. Harv Eker for being an inspiration to many and for your amazing book "Secrets of the Millionaire Mind"
================================================