This episode discusses the theory of "profit first" Revenue - Profit = Expenses and why it is better than the old way of thinking of basing your profits off your revenue and expenses Revenue - Expenses = Profit (Michalowicz, 2017). The theory was originally based at a company level, but has been adapted by Michael and Dallas to suit a household.
Reference: Book "Profit First" by Michael Michalowicz
For all listener questions/feedback, please contact the team at podcast@mo50.com.au
