Trek IV: Special Situations: Introduction

This is activity 1 of 30 in the Special Situations in Prosperity Quadrant IV trek.

Trek IV: Special Situations is a trek for families with negative cash flow and positive net worth. Families on this trek want to continue to earn income and are willing to explore options for earning income as well as reducing spending in order to restore their cash flow (note: families that are retired should, instead,

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Trek IV: Special Situations: Live Within Your Means: Introduction

This is activity 2 of 30 in the Special Situations in Prosperity Quadrant IV trek.

We’ll focus on two types of steps for the “live within your means” part of the trek.

Earning Steps

understanding how we can add value in what we do
career moves we can make that will improve our income
strategies that we can use to find a job
creative ways to improve our income stream

Spending Steps

understanding the factors that

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Trek IV: Special Situations: Live Within Your Means: Spending

This is activity 3 of 30 in the Special Situations in Prosperity Quadrant IV trek.

This step on your prosperity trek…
This is an informational step.

The topics of “cash flow” and “living within one’s means” can’t be fully addressed without including the topic of “spending”.

Cash flow is comprised of two components: earning and spending. Since we can control making dramatic changes to spending much easier than making changes to our income

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Trek IV: Special Situations: Live Within Your Means: Spending Money Makes Us Happy

This is activity 4 of 30 in the Special Situations in Prosperity Quadrant IV trek.

This step on your prosperity trek…
This is an informational step.

Spending money makes us happy.

One reason we find happiness in shopping is that we are never really satisfied with what we currently have.

There is a term called “hedonic treadmill” that refers to our constant need to obtain the hedonistic happiness we get from buying things.

The hedonic

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Trek IV: Special Situations: Live Within Your Means: Create a Spending Plan

This is activity 5 of 30 in the Special Situations in Prosperity Quadrant IV trek.

This step on your prosperity trek…
This is an action step for families that don’t have a spending plan.
This step will improve cash flow and build net worth by finding opportunities to control spending and debt and freeing up cash for saving.
Difficulty rating: Moderate

Use the Prosperity Concierge Spending Plan Worksheet to Create Your Spending Plan

Putting your

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Special Situations: Live Within Your Means: A Budget to Earn, Spend and Save

This is activity 6 of 30 in the Special Situations in Prosperity Quadrant IV trek.

The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
The trek: To improve cash flow and use net worth to supplement income.
This activity on the trek: Develop a budget and use it to track income, spending and saving.
The activities on this trek you should complete before beginning this activity: Create a Spending Plan
Difficulty rating: Moderate

Use

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Special Situations: Live Within Your Means: Reduce Food Costs

This is activity 7 of 30 in the Special Situations in Prosperity Quadrant IV trek.

The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
The trek: To improve cash flow and use net worth to supplement income.
This activity on the trek: Reduce food costs.
Difficulty rating: Easy to Moderate

Your food expense, if you’re like most households, makes up a substantial portion of your total household spending.

Prosperity Concierge’s resources to reduce your

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Trek IV: Special Situations: Live Within Your Means: Spend Less on Dining

This is activity 8 of 30 in the Special Situations in Prosperity Quadrant IV trek.

This step on your prosperity trek…
This is an action step for families to reduce their dining costs.
This step will improve cash flow by reducing entertainment and food costs.
Difficulty rating: Easy

Reducing your dining costs can be a very quick and effective way to reduce your overall expenses to improve your cash flow.

It’s very easy for restaurant

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