This week, we take a closer look at bad debt vs. good debt, and what really qualifies as an emergency.[audio:ds102week05.mp3]
Download Week 5 Audio – right click and “save as” to download
Download Week 5 Transcript – right click and “save as” to download
1. Review your current monthly business expenses (or annualized expenses for the ones that don’t happen every month). What is your target figure for a 6-month cushion?
2. Continue your weekly Money Meetings.
3. Be ruthless about expenditures -do you need to spend on it now or can it wait? Group purchases whenever possible to avoidcompany fees.