Time is Money

Key Takeaways

  • Many times, we look at the cost of something and don’t think about the implications of what that cost can do to help give us our time back.
  • You might have the opportunity to work a few more hours, do a side gig, or do something else to help earn that little bit of extra money to cover the cost of a service or item that can ultimately give you more of your personal time back.
  • Look over the things that take away from your personal time to see if there might be a better way to get more of that time back.

Financial Fridays

 

Key Takeaways

  • Do a quick, three minute look at your finances every Friday to ensure there are no irregularities and to keep your budget on track.
  • One Friday every month, look at your assets and liabilities to ensure you are on track for any financial goals you might have.
  • Once a year, do long-term planning to ensure you can save up the money you want, save for big expenses or things like vacations and other things you might want to do.

Your Cash Flow Business

Key Takeaways 

  • When it comes to your finances, view them from the standpoint that they are a business you are operating.
  • Businesses do three things every year: they make sure they have positive net cash flow, they have working capital, and they plan and budget.
  • Budgeting and planning every year ensures you are meeting the goals you set for yourself to build your wealth successfully, and that you can pay for both your wants and needs.

Gigging Cash Flow

 

Key Takeaways 

  • The rise of the gig economy has helped people build multiple streams of income.
  • People choose to take on gig jobs for many different reasons, but it’s a great option to help pay down debt, save more, or earn some extra spending money.
  • There are pros and cons to a gig job, to include being self-employed with the freedom that entails, to the associated taxes that come with that status.