Posts Tagged ‘Cash Flow Awareness’
Solving Healthcare Costs, with Dave Chase
Are you concerned about ballooning healthcare costs? You should be! It’s an expense that’s risen far faster than inflation, and paying more than you need to is a money leak that prevents you from making the forward traction towards your financial goals that you deserve. In this episode, we’re talking with Dave Chase about how…
Read MoreBuy The Avocado Toast, with Stephanie Bousley
Are you looking for unconventional ways to get out of student loan debt? Today, I’m talking with Stephanie Bousley, millennial debtor-turned-success story and author of Buy the Avocado Toast, about how she’s creatively tackling $289K of student loans. (Hint: it wasn’t with mainstream advice.) So if you want to pay off student loan debt, build…
Read MoreProfit Maximization: Find and Fix Your Money Leaks
The best profit maximization strategies are the ones nobody’s talking about. Why? Because everyone is looking for the hardest, most challenging, and over-complicated techniques. Maybe it’s our human tendency to believe that everything worthwhile has to be difficult. Or perhaps, we like the bragging rights we get after surviving the most grueling, tortuous feats. Like cutting…
Read MoreHow to Wean Grown Kids Off Your Payroll, Freeing Up Retirement Cash (Reviewed)
Many people get stuck paying their kids’ bills long after the kids are grown and moved out of the house. Often, it’s to the tune of hundreds, if not thousands of dollars each month. Even commitments you initially made because you love your kids and want to help them can begin to feel like a…
Read MoreDon’t Step Over Dollars to Chase Pennies
One of the biggest mistakes people make in saving money is stepping over dollars to chase pennies. This happens any time you put so much time and energy into cost-cutting tactics to save a few cents, that you ignore the greater opportunities to make money. The reason this is so attractive is that it takes…
Read MoreBetter Than A Budget: Cash Flow Awareness
The ultimate goal of cash flow awareness is to save more each month. Why? Because generously paying yourself first is the foundation of wealth creation. With more savings, you build up capital to invest in cash-flowing assets so you can create time and money freedom. But across all income levels, most people’s savings habits are anemic, or even…
Read MoreHow to Pay off Debt: Things to Avoid
Let’s say you’re in a position where you want to pay off debt. You have decided that the best and highest use of your money is to get rid of a particular loan or multiple loans so that you have more cash flow that’s not required to be paid to these fixed loan payments. The…
Read MoreCash Flow Index: The Smartest Way to Pay off Debt
Most people struggle to get out from debt like they’re drowning in the ocean. Like drowning, they waste energy, time, and money floundering and flailing instead of taking calculated, focused, strategically-timed strokes that would free them most efficiently. The Cash Flow Index removes this struggle. Before we dive into the Cash Flow Index, let’s talk…
Read MorePaying Cash Destroys Compound Interest
Let’s talk about paying cash. Now it certainly has its pros, but it also has its cons. The reason people often pay cash is that they don’t want to pay interest. They don’t want to go into a position of what they feel is debt. They would rather pay cash to avoid an interest charge. However,…
Read MoreThe Right Way to Spend Money: Spender, Saver, or Steward?
Alexander Pope said, “To err is human, to forgive divine.” Financially speaking, it would be more accurate to say, “to spend money is human, to create wealth divine.” No one ever needed a lesson in how to buy things. In fact, with no restraint, we manage quite well to find plentiful ways to spend money. How you spend…
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