Cash Flow Clarity

Key Takeaways

  • Saving first and spending second is the habit that financially successful people of all ages have in common.
  • At the end of the day, cash flow is the difference between what you have coming in and what you have going out.
  • You want positive cash flow at all times in order to obtain favorable loans when you need them and to accumulate lifelong wealth.

Structured Beauty

Key Takeaways

  • If nothing else, young adults should understand their balance sheet, cash flow and taxes for a happy financial life.
  • Remember to always save first, spend second.
  • As you get older, your assets grow and so do your expenses. Never take your eye off the big picture (see the first two takeaways).