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Jim needed some help with his sequencing. He was doing some of the right things, only at the wrong time, the
most dangerous maneuver in wealth building. He was using the LLC for his business, which meant he was probably
paying too much self-employment tax. And he’d not correctly managed his spending forecast. Jim needed some help
with expense management and increasing his business revenue.

Gap Analysis Financial Baseline Freedom Day

Forecasting Cash Machine Debt Management Wealth Account Assets Entities
Conditioning + Teamwork + Leadership

Jim Quinlin’s Wealth Plan

According to his Gap Analysis , Jim was a victim of taxable money. Though Jim was not paying his taxes with
employee status and was in fact paying his taxes as a corporate entity, he was not utilizing the entities correctly, and
he still had too much money and liability going into his personal accounts.
Jim needed to increase the money he was making, and keep more of it. The Financial Baseline objective would
be to better align his entities with his business model so that each represented a bucket into which the proper
revenue went in and the proper expenditures came out. His revenue wasn’t going into the right buckets, and he was,
most likely, paying a bunch of extra tax. But if you don’t pattern your money, it gets held up, you won’t get taxed
right, nor will you grow. Each person has to develop his or her own pattern, but once it’s established and you
execute within that pattern, you’ll own it. And every time you need to accelerate your Wealth Cycle, you’ll adjust
the pattern.
Jim’s business was making enough money for me to think that he could make much more. Plus, he was coming to
my team and me for coaching at 25. The guy had ambition and the perspective to know that he needed help to get to
where he wanted to go; this would drive Jim toward his Freedom Day .
Jim needed to run his personal training business out of his S corporation and make better use of his C
corporation. Once we went through the Forecasting step, it was clear to me that he needed to create another Cash
Machine, such as a network marketing company that sells nutritional supplements, to fuel his personal training