Dan Martell - August 20, 2024


Stop using dollar amounts. Start using percentages.


Episode Stats


Length

32 seconds

Words per minute

223.38461

Word count

121

Sentence count

10


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode, I talk about how percentages are better than dollar amounts. Some of you guys are still working on dollars. Like, oh, I can't believe that was 400 bucks. But what percent of your revenue was it? It doesn't matter if it's $400 or $175 a month. I say spend this percent of our revenue on it efficiently.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 percentages are better than dollar amounts.
00:00:02.180 Some of you guys are like,
00:00:03.060 I would never spend 15 grand a month on whatever.
00:00:05.960 I don't know what 15 grand is.
00:00:07.380 I wanna know what that percent is to your business.
00:00:10.320 Some of you guys are still working on dollars.
00:00:13.160 Like, oh, I can't believe that was 400 bucks.
00:00:15.640 But what percent of your revenue,
00:00:17.260 percent of the budget was it?
00:00:18.840 It doesn't matter if it's 400 bucks.
00:00:20.240 I don't tell my team spend 175 grand a month.
00:00:23.500 I say spend this percent of our revenue on it efficiently.
00:00:27.160 That idea will help some of your money mindset problems
00:00:29.700 go away because some of you guys are literally stuck with dollar amounts.