#7 - Managing Cash Flows

Episode 7 is out! All about managing cash flows - we keep talking about how important it is to do this well. Now here are some tips on how to actually do it! • Have any kind cash reserve to start • Calculate what your monthly average expenses are • Create a budget & honor your budget • Run a lean operation • Understand when you get paid • Know exactly what your operating expenses are • Make sure your cash reserve exceeds your operating expenses • Be mindful of your personality • Track your successes and failures • Manage similarly on the personal side To ask a question visit www.moneyowners.com/askmorgen or find me on twitter @morgenrochard or @money_owners