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Cash Flow Rida

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Published: Aug 18, 2012    Views 1758    Comments 0
Help the community and translate this article to: Polski

You would be skeptical if I told you the number of consumers I’ve encountered that are financially overwhelmed because they did not identify a cash flow problem in time to do something about it. One thing I want to help you to see is that a cash flow problem can almost always be seen well in advance.

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It is distorted (respectful honesty) to think that cash flow problems “just happen”. Rarely is a cash flow problem a sudden event. It is almost always something that accumulates over a period of time.
And as many will admit, it is not difficult to see it coming.

A good friend of mine once compared this to the statement by Joe Frazier “The punch that knocks you out is the one you didn’t see”. He pointed out that if you see the punch coming, you can at least react. You even have a chance to get out of the way.

Similarly, if you don’t see a cash flow problem coming, then you don’t see it until the problem has arrived on your doorstep.

Most people don’t have a good view into what their cash balance is going to be so the problem smacks them on the side of the head without warning. That’s how financial goals get destroyed.

Even if you believe you will have a cash shortage in the future, you still must see it as far in advance as possible. You must see it clearly for what it is, how much it might be, and precisely when it is likely to happen.

The most important single step you can take to head off a possible cash flow surprise is to ask and answer this very simple question:

'What do I expect my cash balance to be six months from now?'

Answering this question will force you to “Keep Your Eyes On the Road”. It will force you to look at your budget and cash flow plan in a new & generally very revealing way.

The secret is being pulled out of the past and forcing yourself to look at the future. To see a free step by step class on how to do this and realize amazing cash flow results, check out www.CashFlow-Magic.com and register to watch yesterday’s webinar replay now.

The key to solving this major problem before it becomes one is to create a schedule that shows your projected revenues and expenses in the context of your beginning and ending cash flow average for each month.

I can’t stress enough how critical this is to really taking control of your money. The fact is, banks are in business to make money. Our money. Therefore, as long as you choose to simply follow their rules you WILL pay too much. It’s hard to overstate just how important the process of strategic cash flow planning is to everything you do inside your financial goals.

Surprising to some, your financial statements are not the answer.

A cash flow projection is very different than the basic financial statements you use to manage your money. The best approach to creating a cash flow plan is to begin with the average cash flow over the past 3-24 months. By averaging your cash flow you can create a baseline understanding of what to expect and what is needed.

We have built a very handy tool called the Cash Flow Cruncher which is an awesome spreadsheet. I will give you a free copy of that you can use from now on by just watching the free training at www.CashFlow-Magic.com

The problem with financial statements is that they are always historical, meaning they’re always presenting what happened in the past.

They are a bit like the rear view mirror. The rear view mirror is very useful when you need to see what is behind you. However, when you are driving down the road, your focus always needs to be on what’s in front of you.

An occasional glance in the rear view mirror is all that’s required. Look in the rear view mirror for too long, however and you will soon be crashing into something in front of you.

Cash flow PROJECTIONS provide the visibility you need to avoid cash flow problems.

Remember, cash flow problems rarely “just happen”. If you would like to learn the secret to maximizing your cash flow projections easily and for free you can attend a free no sales class online at www.CashFlow-Magic.com

This training is FREE for a limited time.
Resources
1. Cash Flow Magic
About the Author
Matthew Pillmore was one of the original founders of VIP Financial Education also known as VIP Enterprises, LLC. With the help of 44 highly qualified industry experts, VIP grew to be known as one of the leading educational resources related to Debt, Personal and Business Credit, and Cash Flow.

Matthew Pillmore is a highly sought after expert and delivers a compelling presentation demonstrating techniques that most people have never seen before. They include how to access and use Debt Weapons to make Lump Sum Payments then Paycheck Park which leads to Cash Flow Stacking. This process is unlike anything anyone else has ever created and puts every dollar earned to work. To see his work in action, check out www.DebtFreeWebinar.com

He is best known for his 7 point systems to eliminate all debt in a fraction of the time, and access personal and business Debt Weapons. He was also the creator of the 760 Club which has been called the most advanced credit education and enhancement process ever built.
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