#009 How Can I Make Better Money Decisions?
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#009 How Can I Make Better Money Decisions?
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How Can I Make Better Money Decisions? You need a SCOREBOARD!
In personal finance, our scoreboard is our budget tracker (like the Matt Money System Personal Flow). In business, our scoreboard is our bookkeeping (like the Matt Money System Business Flow).
In sports, the scoreboard drives decision making. If the scoreboard is wrong, teams will have a very difficult time deciding on strategy, and it is the same in personal finance!
The scary part? Most people have NO scoreboard, and most businesses don't invest in accurate bookkeeping.
Benefits of having your transactions categorized correctly include:
- Better decision making to reach your financial goals
- More engagement (you'll naturally care more and stay on track)
- Increased loan approval
- Tax Savings
- AND a higher valuation for business and real estate owners
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