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Proverbs 3:9-10
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You are here: Home / Archives for power dollars

May 5, 2014 by Michael Gauthier ·

How Power Dollars Can Improve Your Financial Plan

How Power Dollars Can Improve Your Financial Plan

I was asked the other day during a presentation, “How long will it take someone to be able to build their Foundation Phase?” Of course the short answer is, “It depends.” The longer – and more accurate – answer is, “It depends on how many power dollars you have.”

But what are power dollars? I define power dollars as the dollars coming in from your income stream that have no other purpose than to go to your financial plan and work for you. First, you have to understand that your largest, controllable financial asset is your income stream. What you do with this will determine your financial success in life.
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Filed Under: Budgeting, Giving, Money Management, Phase 1: Foundation Tagged: money management, power dollars

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Phase 1: Foundation

  • Is Having Debt Really a Sin?

  • GAP: An Easy-To-Follow Money Management Strategy

  • Why You Should Pay Off Debt Before Investing in Stocks

  • How Power Dollars Can Improve Your Financial Plan

  • Should You Really Tithe During Hardships?

Phase 2: Accumulating Wealth

  • Is Having Debt Really a Sin?

  • Should You Give Your Advisor Authority to Trade on Your Behalf?

  • How to Keep Calm During a Stock Market Drop

  • How to Purchase a Home Without the Mistakes

  • The Benefits of Homeownership vs. Renting

Phase 3: Strategic Income

  • Should You Give Your Advisor Authority to Trade on Your Behalf?

  • How to Maximize Your Social Security Payments

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