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Which is more important – cash flow or net worth? Actually, they’re both important. Think of cash flow as the micro-financial metric. On a day-to-day basis you need to have a positive cash flow. This means that you have the money to pay the bills – living a lifestyle that you can afford. Think of net worth as Continue reading Cash Flow or Net Worth – Which is More Important? There are plenty of rich people who constantly worry about money. But, in general, if you save diligently you are going to get to a point where financial worries are relatively rare – you can be financially happy, instead. The feeling of being financially happy isn’t just for the wealthy. If you live beneath your means Continue reading If You Have Money You Don’t Have to Worry About It – Save and Be Happy Here are some steps you can take to protect your cash flow during tough times. It may be a job loss, or large and unexpected medical bills. Whatever the cause, it threatens your income stream or raises your expenses. You’ll need to take drastic measures to restore your cash flow as much as possible. Eliminate Nonessential Spending One Continue reading Steps to Protect Your Cash Flow Older homeowners have more options to tap into the equity in their homes: reverse mortgages. The key to using a reverse mortgage is to understand how they can help your cash flow, often providing income to offset expenses in retirement, or enabling additional spending for a vacation getaway or recreation vehicle. With a reverse mortgage, instead Continue reading Reverse Mortgages to Improve Cash Flow or Provide Spending Money Families resort to a variety of means to stay afloat when they have a severe cash flow problem. Some resort to pricey, often risky alternatives. Some deplete their retirement accounts, tapping 401(k)s for both loans and hardship withdrawals. Some fast-cash options allow homeowners to squeeze equity from their houses – without the burden of monthly Continue reading Cash Flow Problems: Taking Extreme Measures to Resolve |
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