Comments on: Why Cash Flow Matters

By: Money Infant

Money Infant — Sat, 17 Mar 2012 06:26:20 +0000

By addressing both sides you can reach your goals twice as fast. Well worth it!

By: Julie @ Freedom 48

Julie @ Freedom 48 — Sat, 17 Mar 2012 02:58:13 +0000

So true! Lots of people get caught up with focusing on just cutting costs or just increasing income or just saving. It’s definitely important to look at all sides of the equation.

By: Money Infant

Money Infant — Thu, 15 Mar 2012 03:29:43 +0000

Thanks Michelle, I try.

By: Michelle

Michelle — Thu, 15 Mar 2012 03:11:40 +0000

So complex….yet so simple I admit I’m very new to even the idea of things like cash flow and investments. Thankfully, I know someone who breaks things down so it’s easy enough that even an infant could understand!

By: Money Infant

Money Infant — Thu, 15 Mar 2012 01:32:07 +0000

It’s very difficult for all but the most obsessed to track every penny every month. It’s a good exercise for a short period of time to get a handle on spending, but once you have that I don’t know that it is really necessary. My grandfather though tracked every penny he ever spent for his entire life (or so it appears from the ledgers he left behind). And that was all cash expenses and he tracked it using a paper ledger, no online budgets or even Excel.

By: Money Infant

Money Infant — Thu, 15 Mar 2012 01:28:24 +0000

You must work on some weird space-time continuum where there are 30 hours in a day Nick. If I had to point at a good example of improving cash flow I think I would be pointing right in your direction.

By: MyCanadianFinances

MyCanadianFinances — Wed, 14 Mar 2012 20:55:07 +0000

Leading back to the most simple financial advice; spend less than you make.
I personally see my budget as an in-and-out fashion. I have yet to master accounting for every last penny (online budgets try their hardest. But they still can see not what I did with cash). I do try and account for my big payments such as rent, car related expenses, and my debt repayment.

By: Nick

Nick — Wed, 14 Mar 2012 18:49:50 +0000

I’m definitely a big fan of diverse cash flow. 100 acres of land is great, but doesn’t do much good unless it’s getting me some money to live on. I’ve been spending a lot of time trying to slowly build up multple sources of reliable cash flow from dividends, real estate, my day gig and online. Once those are all together I’m shooting for a product to sell to add to the mix.

You know, in all of our spare time, haha. Great post, Steve!

By: Money Infant

Money Infant — Wed, 14 Mar 2012 17:07:28 +0000

A balance of both is so much more powerful. If you slowly ramp up the earnings and slowly bring down the spending you allow yourself more time to adjust and the transition is smooth. It also has the benefit of giving you twice the bang for your effort (bet you thought I was gonna say buck).

By: Frugal Fries

Frugal Fries — Wed, 14 Mar 2012 17:03:50 +0000

I really appreciate this article because it rings true for me especially right now. I am trying to decide if I should take on some extra freelance work–or try to find that money by eliminating some spending. Thus far I have been just eliminating spending, but it has been a bit difficult to keep it that low.

You are right though, a balance would be a perfect solution.