Cost-Benefit Analysis and Personal Goals: Michael led a discussion on the importance of understanding the cost-benefit analysis of achieving an extra $1,000 a month in residual income. He emphasized that the value of this income would vary for each individual, depending on their personal circumstances, goals, and priorities. Michael encouraged team members to consider what they would do with an extra $1,000 and how it would impact their lives. He also suggested that understanding the cost-benefit analysis would help individuals decide if the effort required to achieve this income was worth it. Christine shared her goal of continuing to dance at a high level, which brings her joy and a sense of accomplishment. Michael ended the conversation by encouraging everyone to consider the value of their goals and the effort required to achieve them.
Generating Extra Income and Teamwork: In the meeting, Michael and Christine discussed the potential of generating an extra $1,000 a month in the business. Michael suggested that a new one-star leg could bring in this amount, and that it would take careful selection and motivation to achieve this. They also discussed the importance of finding people with character and determination, who are willing to work in a team and contribute to a sustainable business. Michael emphasized the need for a cost-benefit analysis and the importance of aligning oneself with a stronger power source, such as a team, for success. The conversation ended with a reminder of the importance of using a team approach for better results.