Episode # 024 – Money Hack: Income v Expenses

After their trip to Las Vegas for Grant Cardone’s 10x Growth Con, Shawn was inspired to talk about this little financial tid-bit that he learned: earning more versus spending less. Something about this advice is hard to swallow. Maybe it’s because we, as a society, are taught that saving is the only way you’ll be able to have financial stability and freedom. So many people preach about saving, saving, and saving some more. However, many of the speakers at this conference detested that kind of mindset and said that it was promoting fear and scarcity. It’s hard to get out of that habit, though. We know it. We’ve been there.

Instead, these big-ballers explain that you have to jack-up your income instead of focusing on what you’re spending– especially if you’re trying to launch a business. They tell you to make so much income that it doesn’t matter how much you’re “throwing away” because you’re making it back in double the time.

Again, we know that this is hard advice to live by. Especially when you have Warren Buffet telling you to count your pennies and cut the coupons. But, it is a different approach that makes sense and makes us feel a little less guilty about being more aggressive with our money.

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