Plan your finances a quarter ahead instead of waiting until October. Early planning lets you set aside larger amounts for taxes and anticipate cash flow needs, while last-minute scrambling leaves you with only a few months to save.
You've gotten to see behind the scenes of so many businesses. What's the difference between people making income and the ones that are like actually able to rack up money? It is being proactive rather than reactive. If you're not actively looking at what's next, then we're always gonna be having our money tell us what to do. But if we change the pace and we start looking at next quarter, then you're able to know what's coming ahead. And putting money aside, especially for planning purposes when it comes to tax strategy and things like that, there's not a whole lot of things I can do after a year is over with. If you come in in October and it's like, hey, I had a good year, I am worried about taxes, then we have 3 months. You may be saving $10,000, $20,000, $30,000, and it's literally just the timing. It's looking forward instead of looking backwards is the biggest thing there. Mm-hmm.
