Caffeinate Your Cash Flow
Does Profit First translate into personal financials?
Yes. While the full explanation would represent another book (hint. hint.), the premise is the same. Set up
multiple bank accounts: 1. Income (for deposits only); 2. Financial Freedom (the same as a Profit account);
3. Fun (similar to Owner’s Pay); 4. Big Purchases (savings for car, home, etc.); 5. Living Expenses (similar
to Operating Expenses); 6. Family Member 1 Expenses; 7. Family Member 2 Expenses, etc.
Weekly Sips of Wisdom
“A full tube of toothpaste can last four weeks, and so can a tube that is nearly empty. It requires the balance of frugality and innovation (twisting, turning and squeezing) to pull off what no one even considered before.”
Chapter 8 Profit First
-Mike Michalowicz
Dream Believe Achieve
“Don’t be afraid to FAIL, be afraid Not to TRY.”
-An American Soldier
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