How to Become Proactive About Your Finances

Audio Transcription

During this show Paul Hood CPA and the former United States Small Business Administration Entrepreneur of the Year, Clay Clark break down the importance of viewing your accounting from a proactive perspective instead of just reacting to your finances. They discuss the dangers of casualness, how to automate your financial success and the importance of defining clear financial goals.

Move #1 – Your accounting must be viewed as a front dashboard and not just a rear view mirror

NOTABLE QUOTABLE – “Know your numbers is a fundamental precept of business.” – Bill Gates (The co-founder of the Microsoft and the world’s wealthiest man as of 2017)

 

Move #2 – Casualness causes casualties

NOTABLE QUOTABLE – Drifting, without aim or purpose is the first cause of failure.” – Napoleon Hill (The best-selling author of Think and Grow Rich and the man who was the personal apprentice of the late great Andrew Carnegie)

 

Move #3 – Automate Your Success

NOTABLE QUOTABLE – “Beware of little expenses; a small leak will sink a great ship.” – Benjamin Franklin (The inventor of the Franklin Stove, bifocals, one of the Founding Fathers of the United States and one of the most successful men of his time)

 

Move #4 – Develop Clear Goals for Your Financial Future

NOTABLE QUOTABLE – “What gets measured gets improved.” – Peter Drucker (The management guru who helped teach Japanese factories how to produce scalable industrial systems and processes after their economy was left in shambles after losing in World War II)

 

Move #5 – Learning How to Read Your Financial Dashboard

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