Business
Make cash flow your personal monarch. It is essential for a prosperous future. Because a key part of any wealth strategy involves using your money to make more money. Cash flow management is central to financial planning. Think about how you lived last month. Calculate your personal cash flow by adding up your income. Then, subtract all your expenses. Did you spend more than you made? This is negative cash flow. It means you are going to waste money on hefty credit card interest or loan charges. You also don’t have extra funds available for investing in your future. This month, calculate your cash flow by tracking where your paycheque goes. Create a clear, detailed budget. Learn the difference between fixed expenses and variable expenses.