Cash Flow Strategy
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Many individuals allocate all their funds to their consumption account, where bills are paid, and lifestyle expenses are enjoyed. However, when your cash flow is structured this way, saving requires a conscious effort, and this effort must surpass the unconscious inclination to spend.
Our solution is to shift the capital flow. With a Wealth Building Account, income is directed straight into your WBA, which then funds the consumption account. This process ensures that you're saving without even realizing it—whether it's from raises, bonuses, or even Social Security bonuses as they surpass the wage base. All these savings occur beneath the surface, transforming you into a more adept saver.
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In theory creating a budget and adhering to it should work, but in reality, hardly anyone does it. This is why many people find themselves living paycheck to paycheck. A better solution is a Wealth Building Account.
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A Wealth Building Account is a different way to save. It creates a foundational cashflow structure, that leads you into subconsciously saving.
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A strategic approach to diversify your income involves establishing a financial reservoir that you can tap into. Once you have this financial cushion, you can strategically channel these funds into various wealth accumulation products and philosophies. It's a powerful way to not just broaden your income streams but also actively work towards building lasting wealth.
Cash flow management is very important, just about every single problem a client faces financially can be directly linked back to improper cash flow. Think of managing cash flow like keeping your financial house in order. It's not just about numbers on a balance sheet—it's the heartbeat of your financial health. Having a solid cash flow strategy is like having a well-stocked emergency fund. It ensures that whether you're a business or an individual, you've got enough cash to handle your day-to-day bills and still chase those long-term dreams.
FOCUS AREAS
✔ Wealth Building Account
✔ Investments & Securities
✔ The Living Balance Sheet
✔ Credit Management
✔ Debt Management
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