A lot of us operate our lives and businesses on a wing and a prayer, especially when it comes to money. We're running our business based on the balance in our bank account, or we're just making sure there's "enough" money in our personal account to get by. But this kind of thinking can be a major trap that keeps you from growing. It's time to shift your mindset from a reactive approach to a proactive one by creating a smart spending plan.

We talk a lot about this in this episode, and one of the most common questions that comes up is about the core of the problem: How do you define what is a need versus a want, especially in a household?

This is where the rubber meets the road. We get into an honest debate about a monthly massage and whether it's a need or a want and what this reveals about our financial discipline. The answer to this question goes beyond a simple definition it's about getting brutally honest with yourself and your goals.

Get our complete answer to this and some other questions at CAMPFIRE | 018. Watch the full episode at https://youtu.be/pupwiR_oosQ and read more in THE ASCENT | 018.