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Live 4 Financial Freedom

61 EpisodesProduced by Bruce MillsWebsite

Become a Paid Subscriber: https://anchor.fm/live4/subscribeThis is our journey through Marriage, Raising Teenagers to Financial Freedom. Financial Freedom (FIRE) can help give you choices in life. We share stories to help couples getting married, married. Helping parents survive raising kids to plan… read more

11:08

Monthly and Yearly Profit and Loss Recaps for your Home and Busienss

This is something I look forward to do each month and at the end of the year. I know I may sound weird but I like to work with numbers and analyze how we did for the month or year.

Darlene and myself have recaps of years past and then I have my recaps back from in the 1980’s. Yes, I am an old timer to some. LOL It is fun to look back at how low the numbers were on our Profit and Loss recaps back in the 1980’s and 1990’s.

We do Profit and Loss recaps each month and each year. I will call them P&L’s for the rest of the show to save me some typing. LOL

As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only.

We do P&L’s for our Personal Income and Expenses each month and also for our Business ventures each month. For us it is our Monthly and Yearly report card on how we are doing. If we are winning or losing. Also, where we need to improve.

We compare a lot of different categories each month and year along with our P&L forms like how each of our Investments are doing and our total Net Worth.

Back years ago, when we had that nasty thing called “Debt” I used to do monthly and yearly recaps on that also. Thank goodness we haven’t had that for along time and plan on never being in debt again.

Each month the totals can range widely depending on when a big bill comes in. So, we list the big bills that are due at the top of each column on the recap to remind us. For more details listen to the whole Podcast show.

If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224

Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway

Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs.

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