Developing Your Own Prosperity Pro Forma – Episode 1 – Know Specifically What It Will Take to Reach Your Goals – Part 2
Do you have money saved for retirement? Are you staying accountable to your weekly financial pro forma? In this business coach video, Clay Clark (former US Small Business Administration Entrepreneur of the Year) talks about how consumers are accumulating debt and how it can be detrimental for your future finances when you are starting your growing business. If you want to achieve financial wealth, you must look at what other mentors and business owners have done to achieve wealth in the same way. There is a huge problem in the United States with accumulating consumer debt. You must live a debt free life in order to achieve long-term success financially, and in this episode we walk through. Business coach Clay Clark has helped thousands of business owners across the country achieve Financial stability through principles that he has learned from mentors like Andrew Carnegie and Dave Ramsay. The basis of Financial success is that you must earn more than you spend. If your expenses exceed your income, then you will be going into debt. What many consumers do not understand, in business owners alike, is that buying items on credit is not going to be a long-term strategy if you do not have an income to pay that credit off. With that being said, you must create a plan for eliminating debt from your life as soon as possible. With too much debt, you may create a hole that is impossible to climb out of and therefore have to file bankruptcy. If you were unwilling to make the sacrifices necessary in order to Live with in your means of income, then you will never achieve success. At Thrive, we want to help you create a plan for financial stability. If you would like to know more about creating an accounting and personal pro forma for your life, make sure that you attend one of our Thrive workshops.