Chris Larsen explains why planning where your money goes before it arrives matters more than the money itself. Assign where 99 cents of every dollar will go, like shopping with a meal plan. The discipline comes first, the wealth follows.
If you want to have success, if you want to be able to build significant wealth, you have to have a plan of knowing where 99 cents of every dollar is going to go before it comes in. And that's true for your household and it's really true for your business as well, if you want to remain profitable. And that's kind of one of the. I wouldn't even say it's a secret. It's just one of the disciplines that I've seen successful people have with money do that.
I like that. It's like going to the grocery store. It's like, do I go to the grocery store without a list when I'm hungry, or do I plan my meals out ahead of time and say, hey, I'm going to go grocery store with the list and I'm going to avoid the junk food aisles and, you know, stick to those things and I'm probably going to get a better outcome when it comes to my meal preparation.
Yeah, well, and it sounds so simple. It's very difficult to do. It's very difficult.
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