Cash Flow Planning
Would you say you have a healthy relationship with money? You probably like it. But, does it like you back? Like in all associations, your relationship with money should begin with respect. Value it for the tool it is. Do not worship it. Do not discard it. Respect it… My grandfather had a healthy respect for money which I discuss in my Ted Talk, Retirement – Longevity and Security. Like all of us, he had unique needs and desires. Some people balance inflows and outflows in a struggle to cover day-to-day expenses where successful planning could mean paying all of the bills for the day without going further in debt. Alternatively, others, like my grandfather and clients I serve today, use tax, debt management and other strategies to help grow wealth. Whatever your lens, the core benefit is the same. Whether your goal is maintain or build your financial position, cash flow planning and developing a spending plan can help. The better you become at it, the more your wealth can grow! Understanding money and planning out your cash flow puts you in greater control contributing to your overall financial well-being.