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Money hacks: Percentage vs. actual amount

blog paul halme Mar 02, 2021

Dealing with money💸💸💸 can be hard.
I know this for a fact for myself.
I know it for a fact from clients.

If I tell you, "Hey, Moe, you got to move $2,000 out of your account every month."
You're going to be like, "Oh, that's a lot of money."
But if I tell you, "Hey, you're going to move 8% of your gross sales.
Can you do that?" It's like, "8%? Yeah, I still got 92% of my money left."

It's a psychological thing, but I've seen it time and time again because when you start to do this, you start acquiring money.
Because then you're subconsciously going to say, "Oh, everything's going to go wrong places. I can't move this money. I'll leave it in the account."
And then you never acquire anything.

So let's do a little bit of numbers here.
For example, your gym's doing 20,000 a month.
What's 1% of that? 200, yes. $200.
So if you're not putting money away, could you put away 200 bucks a month?
Easy, 200 bucks, man, that's like a DIRECTV drop HBO, Showtime.
And instead of going to Del Frisco's go to Outback once a month.

There's 200 bucks.

From there, keep saving!