Expense Hacking
Sometimes being productive is about using your resources well and reducing your expenses. Productivity Falcons engage in what I call “expense hacking” or “life hacking” related to finances. “Expense hacking” is what I call it when you dramatically reduce or eliminate most or all of your personal or business expenses in an area. 3 “Expense hacking” case studies: Patels -The Patels came to America without much to their name. -They found a hotel chain was hiring. -They negotiated that they would get to stay in one of the hotel rooms as part of the job. -They never bought a car or paid for transportation -They didnt have a mortgage or rent payment. -They slept head to foot with 6 in the same bed and spent money on food across the street from the hotel and a video rental for entertainment for a large family. -When your expense approaches zero your return is almost infinite. -They soon bought the hotel and found they could employ family members and deduct taxes up to a certain amount as...