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Home > A Doctor's Perspective Podcast > M 59 Make a Budget to Create Income Projections


	Podcast:		A Doctor's Perspective Podcast
	Episode:		M 59 Make a Budget to Create Income Projections
	Category:		Health
	Duration:		00:07:23
	Publish Date:		2020-08-05 03:35:00
	Description:		Start with a personal budget, then add in your business budget, now add in a profit margin and work backwards to create your yearly income projections and goals. DISCLOSURE: This episode is sponsored by LetsGetChecked use code DOCTORS30 to save 30% : the leading provider of at-home health tests, including thyroid tests. Hoping really enjoyed this episode I sure enjoyed recording it. It's minisode fifty nine, today is going to be Paul Minors Interviewing Paul Jarvis who wrote the Book Company of one in a land where everyone is more and more more more people more overhead. More everything more money. He's saying, Hey, what can we actually reduce? Do ourself outsource it just have less expensive. To do this, it's working backwards. So you gotTa know some numbers are good estimates. So let's start figuring out how much money do you need to survive rent car payment, groceries, insurance, etc. You do need a list. You can visit a doctor's perspective the last chapters and have a giveaway. It's free and you can find out a whole bunch of today's choices. Tomorrow's health book as one of the free chapters at a giveaway that you can. See a big old list of expenses and you can really get a grasp on your budget. So once you find out what is needed, what you WANNA make over that? So you can do a percentage or amount you need for sure two, thousand, a month survive. What do you actually WanNa? Make over that? You WanNa make three, thousand, total, five, thousand, six, thousand. Now you might. So it's kind of both the thing of a personal and a business. Some people don't own their own cleaning. So they have a salary. So they have to do a side hustle, and this podcast is talking about side hustles to not this podcast critiquing and talking about today, you may at the devastate hustled to make that extra income at your job doesn't have it. It or two jobs, but you can still do this. If you're a business of course. So now you'd want to also add it in your business expenses. If you have an overhead of ten thousand, a month as one, hundred and twenty thousand plus the amount that you need, the person who survive and the spread that you want. So now you know exactly what you need to make. And you might start asking you. So I WANNA grow girdle. Would you WANNA double or do you want to triple? Okay. And what are you going to get because usually you have to have something sacrificed? No guarantees. Elon Musk was saying at one point in an interview. He has a couch in his office. That's really comfortable because he sleeps so often. I was that something you WanNa. Do divorce the on triple your business, but it comes at working eighty hours a week, ninety hours a week in unit with divorce. As Up to you, that's a choice you have to consider. and. Then, of course, why are you growing a growing for the sake of growing or is there growing for a reason like you? WanNa. Make a big impact. You want to set up a scholarship fund. You're trying to pay off your loans pepper house quicker now there's. Nobody, reasons to be working harder for a certain amount of time. Another thing. That's kind of cool. If you have your own business whether it's virtual or whatever is, are you to take more vacation throughout the year? I mean, obviously, you can't just say, okay I WANNA make two, hundred, thousand this year if you make it in month nine, so you just going to take off the next three months. No. So if you're really good at your numbers and you know can estimate everything, you might decide that you take off every three months. You take a week off, you just do that consistently. You take a couple of Friday's here and there. So that way you still make the money, but you spread it out over twelve months to lose that dip from, of course, down your doctor's office. and. the health reboot book is available as well as the no-no acupuncture. If you're interested in a one sheet,
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