Step 7 – Analyze And Adjust
We began this journey with a budget built off your initial monthly expenses. Over time of course your income will hopefully increase, you’ll maybe decide to eat out less to cut expenses, your rainy day fund will build to 6 months and possibly not be needed as much as expected, etc.
This means you’ll have more money to put towards other ventures. Maybe you’ll want to start purchase rental properties or other real estate. Maybe you’ll be able to invest in a business startup or even your own business.
Taking the initial steps to get ahead of the month to month living will allow you to do things that others can’t and provide the opportunity for building that million dollar or more nest egg.
