Sunday, December 18, 2011

1. Increase Cash Flow

By Cheryl Sperling





To increase cash flow, we could either earn additional income or manage our expenses.


We need money if we want money to grow! In other words, we need to SAVE. 
Pay yourself first. Let this be your guide.  
Income - Savings = Expenses.                                            






Not,  Income - Expenses = Savings, as you will end up with nothing at the end of the day.
We need to make a PLAN ... or have a BUDGET. A budget will help us manage our expenses.


We need to have additional income perhaps, if our present income is not enough. 
Try to do what you love doing and it wont be work anymore!


We need to have Discipline to stick to our plans. 


Live a Simple life! Live within your means ... or better still, Live below your means!   


This is the secret of most millionaires.


This post is from the series Six Steps to Financial Freedom. You can read the start of the series by clicking here.

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