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In my last posts, I spoke about creating a Wealth Capture Account, as part of the Rockefeller Formula, to make saving money something that was automatic for you, so that you grew wealth without having to think about it. Here, I look at creating an account for your non-essential spending. Account #2: Living Wealthy Account Read more

In my last posts, I introduced the concept of the Rockefeller Formula, which allows you to live a wealthy life by automatically transferring a percentage of your income into a wealth account. Here I’ll explore the first of these accounts, along with the percentages that should be allocated to it. I have to let youRead more

Once you’ve plugged the leaks in your financial bucket, you’re prepared to start building a foundation of wealth. We incorporate a strategy created by my 5 Day Weekend collaborator Garrett Gunderson and his team, which we call the “Rockefeller Formula,” which builds wealth consistently and automatically. The Rockefeller Formula is not an investment in andRead more

In my previous posts, I looked at the importance of making sure your credit score was accurate, as a way of plugging up holes in your cash flow bucket to free up income. Here I look at the importance of having the right structure for your loans and your insurance. Restructure Your Loans With 5Read more

In my previous post, I discussed the need to plug up the holes in your cash flow bucket to free up income. When you discover and plug these holes in your bucket, your income is immediately increased without changing any of your spending habits. Here’s how the 5 Day Weekend will make sure your creditRead more

In my previous post, I began to look at the four types of expenses focusing on lifestyle and protective expenses. Here’ll I’ll examine productive and destructive expenses, the third and fourth types of expenses. Productive Expenses Productive expenses allow you to build assets, to expand your cash flow, and to grow your business. Such expensesRead more

In my previous post, I looked at some of the thoughts surrounding debt, specifically that debt is having liabilities that are greater than assets. To crush your debt, you need to deal with your consumer debt. We’re taught to believe that expenses are bad and to cut them as much as possible, but that’s aRead more

In my previous post, I introduced you to two important strategies to use in paying down, or crushing, your debt: building savings and restructuring your loans. A third powerful strategy is to use the Cash Flow Index, and a fourth is to be cautious about locking money into assets. After minimizing your payments and maximizingRead more

In my previous post, I explored some of the reasons that people don’t or can’t get out of debt. Primary among these was that many people don’t have a strategy for paying down debt. Remember that your purpose in paying off debt is to free up cash flow that you can then use to investRead more

In my last post, I mentioned that before you can truly tackle the growth needed to create your 5 Day Weekend, it’s important that you get your financial house in order. As I noted, this process has four steps: Crush Your Debt Classify and Manage Your Expenses for Optimal Production Cash Flow Recovery Capture andRead more