07/17/2020
Which cash flow pattern do you have?
Financial freedom is not achieved by earning more money. It’s not achieved by saving. It’s achieved by getting your money working for you and your cash flow pattern has a lot to do with achieving financial freedom.
Here are four cash flow patterns that you might have:
Cash Flow Pattern #1: Income comes in and flows directly out on expenses
Cash Flow Pattern #2: Income flows in and flows out in the form of expenses and liabilities
Cash Flow Pattern #3: Income flows in, a portion flows into assets and the rest flows out in the form of expenses and liabilities
Cash Flow Pattern #4: Assets create income which covers expenses and liabilities
So why is your cash flow pattern so important? Well, if you truly want to achieve financial freedom, some of the many things that you need to do are: eliminate bad debt, become conscious about your spending and build your assets to the level that they can pay for your chosen lifestyle.
No matter what cash flow pattern you currently have or where you are starting you can make simple and even small changes that will make a big difference in your financial stress and start moving you towards financial freedom.
It’s all about the choices that you make everyday when it comes to your money. Success is not achieved over night, it’s achieved by having a plan and putting in the work. Even little actions can make a huge impact.
@ Edmonton, Alberta
