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Posts Tagged ‘Cash Flow Awareness’

Profit Maximization: Find and Fix Your Money Leaks

Profit 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…

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Don’t Step Over Dollars to Chase Pennies

Don'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…

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Better Than A Budget: Cash Flow Awareness

Better 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…

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How to Pay off Debt: Things to Avoid

How 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…

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Cash Flow Index: The Smartest Way to Pay off Debt

Cash 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…

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Paying Cash Destroys Compound Interest

Paying 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,…

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The Right Way to Spend Money: Spender, Saver, or Steward?

The Right Way to Spend Money

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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Why Debt Free Doesn’t Make You Financially Free

Debt Free Doesn't Make You Financially Free

Becoming debt free is often listed as a notch on the belt of financial progress. It’s widely discussed, admired, longed for, celebrated, and even praised by so-called financial experts.  But, paying off debt may be risky or even altogether unnecessary.  In fact, you’re probably not in debt in the first place!  We want you to be debt…

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What Is Your Financial Picture?

What Is Your Financial Picture?

As important as savings is in our financial life, there is a lot of confusion surrounding the idea of savings.   As a result, many people think they’re saving when they are not saving at all.  When you don’t know your financial picture, you lack clarity and likely won’t have money to save. In order…

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