Hello, I am Jim Elizondo from Real Wealth Ranching and today we will discuss ways to save money without hurting our profits.

Why is it so important to differentiate between savings that do not hurt your profits and so-called savings that hurt your profits? Have you heard of penny wise and dollar foolish? It means that one can get so enthusiastic about saving that you start losing potential profits!

Today we are going through the 5 steps to make decisions, so you are certain it is profitable to spend a dollar on something or if it's better to keep it in your pocket.