EP158 - Ask Stuart #8 - How Do I Get More Cash in My Pocket with Stuart Warwick & Ian Luckett

<div class="OutlineElement Ltr SCXW41139894 BCX0"> <p class="Paragraph SCXW41139894 BCX0"><span class= "TextRun SCXW41139894 BCX0" lang="EN-GB" xml:lang="EN-GB" data-contrast="auto"><span class= "NormalTextRun SCXW41139894 BCX0">Stuart begins by emphasising the importance of scrutinising costs, both in your personal finances and within your MSP.</span> <span class= "NormalTextRun SCXW41139894 BCX0">It's</span> <span class= "NormalTextRun SCXW41139894 BCX0">astonishing how often we overlook those small monthly subscriptions that add up over time. Stuart shares a recent example of a client who discovered £2,300 in unnecessary recurring costs, equivalent to a full-time engineer's salary. So, a quick win for boosting your MSP's cash flow is to regularly review your expenses.</span></span><span class= "EOP SCXW41139894 BCX0" data-ccp-props= "{"134233117":false,"134233118":false,"201341983":0,"335551550":1,"335551620":1,"335559685":0,"335559737":0,"335559738":0,"335559739":0,"335559740":259}"> </span></p> </div> <div class="OutlineElement Ltr SCXW41139894 BCX0"> <p class="Paragraph SCXW41139894 BCX0"><span class= "EOP SCXW41139894 BCX0" data-ccp-props= "{"134233117":false,"134233118":false,"201341983":0,"335551550":1,"335551620":1,"335559685":0,"335559737":0,"335559738":0,"335559739":0,"335559740":259}">  </span></p> </div> <div class="OutlineElement Ltr SCXW41139894 BCX0"> <p class="Paragraph SCXW41139894 BCX0"><span class= "TextRun SCXW41139894 BCX0" lang="EN-GB" xml:lang="EN-GB" data-contrast="auto"><span class= "NormalTextRun SCXW41139894 BCX0">Knowing your numbers is the next crucial step. Stuart highlights that</span> <span class= "NormalTextRun SCXW41139894 BCX0">it's</span> <span class= "NormalTextRun SCXW41139894 BCX0">not just about tracking money in and out;</span> <span class= "NormalTextRun SCXW41139894 BCX0">it's</span> <span class= "NormalTextRun SCXW41139894 BCX0">about understanding the components of your financial picture. This means breaking down your income into categories like contract revenue, sup