Episode description
1. Make household budgetary changes. It’s not easy, but it can be done. In other words, save more. Spend less than you’re earning. Self-discipline. Cash-flow planning. Think like a business. Create more margin.
2. Adjust risk in your investment portfolios. What worked for the last 12 years is not what works now.
3. Look for opportunities to ask for a raise. Or if you’re in a business development / sales role, you know what to do. Work smarter and harder.
4. Look for ways to improve your skill set to lead toward higher earnings
5. Start a cash flow business on the side, or if you are cash-strapped pick up a side hustle to earn some extra cash in the interim while we go through this transition.
6. Look for the current and coming opportunities for managing cash.
7. Look for ways to be more resourceful. Think with a thrifty mindset.