Whether you're saving money or spending it, The Profit star and serial entrepreneur Marcus Lemonis has the same advice for you: Know your numbers.
Whether you're saving money or spending it, star of CNBC's"The Profit" and serial entrepreneur Marcus Lemonis has the same advice for you: Know your numbers.The self-made millionaire sets rules for himself. He doesn't like racking up debt, and he ensures a portion of his paychecks goes to savings.
"When the 2008/2009 downturn happened, I didn't have enough cash saved, and I promised myself that I would always be prepared for potentially a recession again," he said. Those money rules helped him achieve his long-term goal of buying a house. He said closing on his house was the most exciting thing he's done.
Lemonis is famous for his People/Process/Product principle, where he analyzes businesses on the quality of people, excellence and relevance of product, and the best way to deliver the product.Disclosure: NBCUniversal and Comcast Ventures are investors in
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