Forecasting For The Future

Welcome to the 27th episode of The Boring Money Show. 

In today's episode, we will be talking about future forecasting when it comes to your finances, and when it just comes to life in general.

In terms of finances and running a business,  we can start budgeting according to the baseline that we have, of what we know is going to come in, and things like that. 

And because of that, we can forecast but also start figuring out how much we need to start setting aside into the treasury to allow the business to survive another rainy day when it inevitably comes. 

When I was thinking about how important your finances are, many people say they want to achieve financial freedom, and many say they want certain things. 

However, people tend to say they want things, but they lack action steps to get this outcome.

So, when you're thinking about your life financially when you think about your goals, or anything that you want to accomplish, you have to have tracking in place to have proper data. 

Anyhow, 

You should find out more about this interesting topic, so stay tuned and see you on the inside!

Episode highlights:
00:00 Welcome to The Boring Money Show
1:04 The importance of tracking business numbers.
2:30 Achieving financial freedom through proper data and forecasting.
4:10 How to map out a dream lifestyle.
6:07 There's nothing wrong with setting bigger goals.
7:21 How much does it cost you to maintain your current lifestyle? 
9:28 You need to have freedom to be able to pursue other things.

Resources:
○ The Boring Money ROI Cash Flow Calculator: https://www.mrboringmoney.com/cashflowcalculator     
○ Visit The Boring Money Show website: 
https://www.mrboringmoney.com    

Subscribe:  
○ Subscribe on YouTube: https://www.youtube.com/channel/UCFLP5xWwzkX11g7xFDpUFLg      

Connect with Mr. Boring Money:
○ Follow us on Facebook: https://www.facebook.com/mrboringmoney      
○ Follow us on Instagram: https://www.instagram.com/mrboringmoney/      
○ Follow us on TikTok: https://www.tiktok.com/@mr_boring_money      
○ Send your enquiries or drop by to say hello: [e-mail]      
○ Join The Boring Money Show community on U-Lync: https://www.u-lync.com/members/9885368  

And remember… Stay calm, print money and live life on your terms.

DISCLAIMER:
All information I share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

See omnystudio.com/listener for privacy information.