Cash flow is typically used in business terms to describe money coming in and going out of a business. However, cash flow is something we all experience at some level, it is basically the difference between income and expenditure.
Your aim, especially if you have dependents is to ensure you have the balance right. Owning a business or having a job is a start, but the problem here is the money earned this way is limited and more importantly expenditure sometimes far exceeds income.
Obviously this is a drain on cash flow, so the question here is what can be done to correct that? The obvious answer would be to increase cash flow, but how?
You may have heard of multiple income streams and may think this entails going out to get many jobs to get more money. However, this is largely impractical.
Notwithstanding more income is required if you outgoings continue to exceed your incoming income, wouldn’t you agree?
Fortunately, the world wide web has made it easier to find ways to create multiple income which should ultimately improve your cash flow exponentially.
What you must also realise is there is something for everyone and it’s not always a one size fits all. Sometimes you may have to try your hands at a few things to discover what works for you and this will cost time and money.
However, as time and money may be in short supply I suggest you educate yourself first and this is paramount whether or not you have the time or the money (do see resources below).
Even better still, I can take you by the hand and disclose to you the tools and resources I’m using myself. If you are determined to end any cash flow issues you’re facing and prepared to commit some time to equipping yourself let me know what your goals are.
This is not for everyone as not everyone is prepared to do what it takes, are you? If you believe you are, then send me a *private message in the comments box below.
The following books will help you as they have helped me, see more below:
Note: Your private message to me shall not be published.