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What is Power Money? It's money that is currently not being used to its best advantage. When used properly, it will become the key to our wealth creation strategy, and will be used for three main purposes.
* To eliminate debt as quickly as possible.
* To begin the process of wealth creation.
* To empower us to live on a cash basis.
Power Money is any cash that is left over at month's end. It's funds that were not needed to satisfy our budget requirements.
Now many of you are saying, "there's no money left over in my budget!" This may be true now, but that's about to change.
Next week we'll take a look at how to find the "Power Money" in your budget.
Until next time, Al Crisp, CPA
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