One of the most important lessons everyone need to have to learn, often painfully, is that cash really is king. I’m not talking about paper money -I’m talking about cash flow.
Mastering the act of cash flow will decide if want to work for money or you want money to work for you, you sending money on an errand to work for you and your generation and only few have been acquainted with rule of engagement children.
There is phase you work for money to build structure and money working for you to create lasting wealth.
Whether you make N400, 000 or N4, 000,000 per year, prudently managing your cash flow is the single most important financial thing you can do. You know you should live within your means, but why is it so difficult? Learn how we help our clients finally gain control of their income/spending, while saving them time and stress along the way.
You cannot be doing the same thing over and over again and expect a different result. You cannot be thinking small and expect a100 million naira income. It has been provided that your life moves always in the direction of your thoughts. As an entrepreneur you thought should be filled with growing your business, taking your business into the next phase.
“For as he thinketh in his heart, so is he”- Proverbs 23:7
WHAT IS CASHFLOW?
In today’s world, cash flow is the fuel that powers our financial engine. We are more dependent than ever on others to supply the things we need to live – housing, transportation, food, utilities, entertainment, savings, and taxes and so on. We enjoy these things by using the cash earned from our work (or stored resources) to pay for the things we need (and want). Cash flow is simply the inflow and outflow of money in our financial world.
It seems simple that we must live within our means–a world where income > expenses.
Cash flow equations
- Cash inflow ≥ cash outflow
- Cash inflow ≤ cash outflow
- Cash inflow = Cash inflow
- Cash inflow > Cash inflow
TO BE CONTINUED…
