Rich dad taught that there are three cash flow patterns. If you’re going to be financially secure, however, you need to learn to have more cash flow into your pockets. Today, many people are in financial trouble because they have too much cash flowing out of their pockets and very little money flowing into their pockets. Now you know the importance of cash flow. If that income went away, what would you do? What would happen to you? Then cover up all the income that doesn’t come in the form of cashflow, and see how many beats your heart skips. Cash flow is money that flows into your pocket, automatically, on a regular basis.Īn enlightening exercise is to list out all your expenses in one column and your income in another. Cash flow is not the extra money you make busting your butt on the weekend driving people around for Uber. Money you don’t have to work for by trading your time. You can determine the financial health of a business or a person, by first assessing their cashflow.īy cashflow, we mean passive income that comes through business or investments. But if you don’t have cashflow, you’ll quickly lose it all. You can have an impressive balance sheet. You can have the best ideas in the world. Rich dad said, “The most important words in business and investing are ‘cash' and 'flow.’” Learning how to control your cashflow requires patience, and due diligenceĮstablishing the right cashflow pattern provides limitless opportunities for passive income There are three different cashflow patterns the one you follow determines your financial future
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |