Grant Cardone fought a category 4 Hurricane and is back in the studio talking about how budgets don’t work. Was a hurricane in your budget this year? Most people don’t have an emergency budget but you need one, yet the only way to make a budget work is to out produce it. You can’t predict everything that is going to happen. Budgets keep little people little and scared people scared. Quit starting conversations about saving money and start moving the ball downfield and think income.
Budgets don’t work because:
1. They cause you to contract.
2. You can’t predict everything in a budget.
Grant uses the 95/5 rule. Spend 95% of your time on income and 5% on expenses. Control yourself if you have to but your problem is not enough money coming in. Why will people override the budget when there is an emergency, but won’t spend when there is a great idea that will cost money and take things over budget? Break your budget to expand!