70% of Americans live paycheck to paycheck.

It shouldn't be like this.

You've got to get ahead. In your personal life and with your business, you need to get ahead of barely making it month to month. You're living in stress and you're stuck in Scarcity Mindset.

You need money in the bank. At least six months of income. You need enough cash in the bank to cover all of your expenses for six months if nothing was coming in.

I call this figure "The New Zero". To calculate it for yourself, take your monthly expenses and multiply them by six. If monthly expenses for you and your family are $5,000, you need $30,000 in the bank (six months). That means if you have less than $30,000, you need to see that as being in the hole. If you have $24,000, think of that as having -$6,000. You are below the minimum threshold.

This is not a luxury. This is a necessity. Living paycheck to paycheck in scarcity should not be a reality you accept. It should not be something you get complacent about. It needs to be something you work to get ahead of.

When you're in scarcity mindet, you can't make objective, long-term decisions about your future. You can't have the life you want to have. You end up overworking. You don't have the freedom to delegate or hire new people.

In this episode, we talk about the practical aspects of getting that money in the bank, two kinds of hustle, when to invest, and getting rid of debt.