RAISING YOUR FINANCIAL I.Q.
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Cash Flow
Our Goal - To Improve The Financial IQ Of Everyone.
Cash Flow Is King! Make no mistake cash flow is the key to saving, investing, being debt free and to financial comfort.
Increase Cash Flow At Every Opportunity
Whenever making financial decisions the effect on your cash flow should always be taken into account. Consider this example- If you where to buy a rental property that cost you $100 pw after rent and all expenses. How many properties could you afford to buy. On the other hand if you invested in a rental property that paid you $100 after all expenses and rent. How many could you afford to buy.
Why Is Cash Flow So Important?
Cash flow is the lifeblood of business and investors. A well managed cashflow allows you to continually increase and grow your financial position as you always have enough cash on hand to meet costs.
Cashflow has four important roles -
Cash Flow Tips - For Persons (Not Business)
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Disclaimer - this information is general in nature and does not take into account your individual circumstance. You should always seek professional independent advice prior to acting on this information or making any decisions based on this information.
Having a continuing Credit Card Debt is the number 1 enemy to gaining financial control. It is ridiculously expensive and it is almost always a sign of severe overspending. Read More.
Good debt is where borrowings are used to fund investments and Bad debt is debt used to fund purchase of liabilities and consumer items such as clothing, jewelry, Jet skis etc. Read More.
MOST financial problems are caused by over-spending on wants rather then needs.
Save 10-20% of every dollar you ever earn or receive. Automate the process. Then invest.
Assess every purchase or investment on how it will affect your Cash Flow.
Develop the correct types of income and from multiple sources. Create Income from ideas.
Assets are cash flow positive and generally go up in value. Liabilities are cash flow negative.
Investment is about buying new and additional forms of income to provide comfort and security.
It is vital to insure your earning capacity and wealth. Income, medical and life insurance is an absolute must for most people.
There is a lot to think about and calculate it is vital you plan and discuss your life goals with time to implement them. Read More.
Wealth is a measure of how long you or your family could survive if you stopped working today.
.. is about being able to make choices without strict limitations imposed by work commitments or finances.
Ultimately we develop a sense of worth by how we contribute to the lives of others. Give with time then money as you can afford it. .
Goal setting will improve results dramatically. Remember to live life and enjoy the journey.