Accumulation vs Cash Flow
As we’ve repeatedly stated, here, here, and here for example, cash flow is a much better indicator of true wealth than net worth. Net worth is a static number that doesn’t impact your life. As a matter of fact, the more wealth that you have accumulated, the more unlikely you are to want to dig […]
More on “The Plan”
As I mentioned, the first of the seven stages of the process to financial stewardship is understanding the right plan or general thinking about your finances. The key to remember: we (like banks and other financial institutions) need to focus on now rather than hoarding for “someday”. When we are focused on cash flow, everything […]