Worksheet: Lever 1: Recover Cash / Boost Profits

Win Then Play Course Lesson 4: Create Economic Independence Lever 1: Recover Cash / Boost Profits Worksheet: Lever 1: Recover Cash / Boost Profits

Overview of Lever 1: Recover Cash / Boost Profits

Cash Recovery Overview: Utilize the 4 I’s to efficiency to plug financial leaks:

  1. IRS
  2. Interest
  3. Investments
  4. Insurance

Cash Flow Optimization: Find ways to improve cash flow by being more resourceful and more efficient with your money.

  1. Destructive (Eliminate)
  2. Lifestyle (Manage)
  3. Protective (Address)
  4. Productive (Maximize)

Tax Traps:

  1. Deferring taxes rather than taking deductions
  2. Spending money to “save”
  3. Hiring a Historian rather than a Strategist
  4. Being reactive versus proactive with your tax team
  5. You have not established a Corporation

Cash Flow Banking: Creating a system to capture wealth, boost savings without boosting risk, adding benefits, and keeping control of your money along the way.

Cash Recovery Toolkit:

  1. 3x3x3 Tax Structure: Address the 3 Buckets every 3 months and every 3 years
  2. Revisit loans every two years
  3. Annually have all financial team coordinate on plan