Starting a Business Series: Cash Flow

When you start a business cash flow can quickly bring about anxiety, then euphoria, then anxiety, then euphoria....you get the point.  Cash flow can be tough to manage when you start a new business.  I encourage taking the emotion out of the cash flow situation for the first year or two by being strategic.  You …

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Starting a Business Series: Financial Risk

Starting a business can be exciting and fun but it can also be very intimidating and scary. Mostly, this comes down to the financial risk involved. When you start a new business you are usually starting from ground zero financially. You may not see income for weeks or months to come. This can lead to …

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Case Study: One Person’s Financial Journey

Visit the full post to hear the Podcast! Let's together run through a scenario to see how we can take someone through the Financial Stages.  We'll call her Jane.  Let's assume I met with Jane because she was feeling like she just can't get ahead with Denver's high cost of living.  She is 30 years …

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Financial Stage 2: Stabilizing

Are you in Financial Stage 2: Stabilizing? You are at Financial Stage 2, Stabilizing, once you have calculated your personal net worth, developed your financial plan and budget, and you are working on a positive money mindset.  You will remain in this stage until you have achieved a few more financial milestones.  Financial stability is …

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Where to Save Your Financial Independence Fund

Your Financial Independence Fund is your moat.  It is where you first decide to start with the end in mind - Financial Liberation.  I believe there is no more important contributor to your financial future. So, where should you save it? I encourage saving it in a place that isn’t easy to access.  No, not …

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Financial Independence Fund – How much money?

Your Financial Independence Fund delivers your first taste of financial liberty.  Warren Buffett always looks for a moat around a business to protect it from competition, you should look for the Financial Independence Fund to be your moat protecting you from financial stress.   The amount to keep as a minimum in your Financial Independence …

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The Foundation to Financial Liberation

Without a doubt, the single most important piece to most people's finances is what I call the Financial Independence Fund. I believe when you are looking at your finances you should begin with the end in mind, Stephen Covey lays out this principle in his bestselling book The 7 Habits of Highly Effective People.  To …

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