So, the question is where exactly should you place your next dollar?

If we are not completely clear as to where our extra dollar will go, we will waste the time we spent getting that dollar. Usually, if we do not have a clear plan, we fall into the trap of the advertisers. We’ll just buy anything. We could live our lives like that for years.

I plan on creating a prioritized list of where my next dollar will go, and the next dollar, for the next 5 years. My goal is to create as many extra dollars as I can, to go into the investment category of spending.

If you are confused as to where the money should go, sit down, strategize, crunch the numbers, plan, list the tasks, and then execute.

Once the plan is in place, all we have to do is execute. We can throw away all the confusion, worry, and sleepless nights, because we know exactly what we’re doing and how long it is going to take us to get there.

If you do not have an extra dollar, look at my post on how to cut costs.

Good luck!