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Chapter 24. The Freedom Plan > 4. Think like a corporation and protect your pro...

4. Think like a corporation and protect your profit margin: Your savings and investments.

You will be ahead of the game if you apply the same disciplines and principles of financial management at home as you do in your workplace. Your costs are expenses and your income is your revenue. The amount of money that you have left is your own profit margin, your nest egg, or accrued wealth, Your profit builds your freedom plan. One goal is to have a designated amount targeted every year and trim expenses when necessary to meet it.

To fulfill your financial freedom plan, savings must become one of your regular expenses. You will become more aware of your savings pace when you actually count it as a part of your budget, beside housing, health, education, food, and taxes and above clothing, travel, and luxury items. Your goals will be reached more quickly and with less pain, as your savings become automatic. You will adapt to your new cash flow, spend within your designated means, and enjoy the comfort of knowing you are in a positively productive growth mode that will serve you very well, now and into the future.


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