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Secrets To Wealth
The "tempest" is a simple, but very powerful concept. Essentially, it means reducing all expenses by 10%. Obviously, this is much simpler in concept than in execution.
Budgets generally have the potential to be strongly managed. the Shape of Money recommends implementing the "tempest" approach. This approach seeks to review each item in the budget and drive every last cent out of it.
The "tempest" is implemented over a period of time. For example, you might choose to target one item in your budget per week or month. How this might work can be demonstrated by the following example.
You decide to target your electricity bill and want to reduce it by 10%. The suggestion here is to seek out relevant information such as:
The ideas to implement the tempest are really only limited by your imagination, drive and energy.