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 …

Continue reading Starting a Business Series: Cash Flow

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 …

Continue reading Starting a Business Series: Financial Risk

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 …

Continue reading Where to Save Your Financial Independence Fund

Financial Independence or Emergency Fund?

The words we choose matter. When you save money, would you rather that money be used for your financial independence or for an emergency? I believe when you have your Financial Independence Fund there will be no such thing as an emergency.  Your mindset shift will result in emergencies finding somewhere else to happen. Plus, …

Continue reading Financial Independence or Emergency Fund?

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 …

Continue reading The Foundation to Financial Liberation