Cash Flow
Cash flow management is the process of planning, and controlling the movement of cash in and out of your bank account, with the goal to build wealth.
These blog posts demonstrated how to build wealth quickly and efficiently. Forecasting future cash needs and ensuring that there are sufficient funds available to meet these needs, is also part of the strategy. As well as managing any excess cash in a way that maximizes its value.
Always take advantage of your resources, Operate like a Fortune 500 company, stay in control and disciplined with your emotion, and strive to do more with your time.
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Where’s Your Money Going? How to Track Your Expenses.
According to a 2024 Debt.com survey, nearly 94 percent of households noted that they have a budget. And yet, Americans are struggling with their expenses. With higher-than-average inflation, low wages, and high revolving consumer debt, it’s time to modify your behavior. Tracking and managing your expenses is the difference between barely making it and becoming wealthy. As you may know, the TNFG household reviews our expenses monthly or as often as needed. It’s a great opportunity to make cash flow changes instead of unexpected changes. Life happens. I repeat Negative Financial challenges will happen just as often as Positive ones. Know that they are coming and learn to adapt and…
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How Not To Let Inflation Erode Your Household Wealth
According to an article by Yahoo Finance, inflation will make these seven assets unaffordable in the next 10 years. The future is expensive.
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The ‘Millennial Dream’ of a Condo, EV, Farmer’s Market, and Travel Now Costs $6.8 Million
From EVs, expensive homes, farmers' markets, and travel; our 'Millennial Dream' is expensive. We will need nearly $7 million.
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The Ten Most Powerful Money Habits of Millennial Millionaires
Time to understand the Millennial Millionaire Habits. According to a 2019 report from Coldwell Banker Global Luxury and WealthEngine, there are approximately 618,000 millennial millionaires in the United States. This number makes up approximately 2 percent of the total US millionaire population and 0.2 percent of the general US population. The typical millennial millionaire has a net worth ranging from $1 million to $2.49 million. Real Estate (RE) makes up a healthy position in their portfolio. As such, wealth millennials view RE as a key way to build cash flow, leverage debt, and build wealth. While the average millennial millionaire owns three properties, they generally live near the coast in dense metropolitan hubs. These…
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How $3.4 Million Became the Price of the American Dream
Based on Investopedia, the American Dream now costs over $3 million. Well, $3,455,305 but what’s an extra $450,000 between friends? See the dream isn’t dead, the reality is that it costs a lot of money over your lifetime. Against the backdrop of sustained high prices and lingering inflation, the average American is struggling to keep up with the social media Joneses. Gone are the days of discipline and measured spending, in are the days of conspicuous consumption, higher credit card debt balances, and toxic poverty porn. Surrounded by the conversation of debt crises and financial trauma, did Investopedia drop clickbait or are they unto something? We will go through each…
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Sitting on Cash Could Cost You a Lot of Money
Cash comes with an opportunity cost – by sitting in cash, investors may miss out on the potential upside stocks could see in a soft landing, lack the protection that bonds can offer if a recession does happen, and lose out on the inflation protection that real assets have.
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Master Daily Decisions to Make You Wealthy for a Lifetime
Have you ever heard the term, “don’t trip over dollars trying to pick up pennies?” In life, it comes down to four categories of decisions: our daily $100 decisions; followed by, the $10,000 decision; the massive $100,000 decision; and, the 2-part indecision. Let’s break down each so you can start financially prioritizing what matters most: Small Decisions Matter but they don’t often carry the weight Firstly, it is not to say the smaller decisions do not matter at all. However, to a point, you should be making decisions and moving on the items that carry impact. As such, each small action needs to be important enough to warrant a limited…
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The Problem with Social Media Financial Spending Plan
Conscious Spending Plan, as defined by Ramit Sethi (renowned financial author) is a short-form financial plan that accounts for savings while indulging in guilt-free spending. With that, his aim is to decouple the notion of money as either being rigidly disciplined vs living in the moment. “…It is all about spending extravagantly on the things you love, as long as you cut costs mercilessly on the things you don’t. It’s not about restriction. It’s about being intentional with your money and then spending on the things you love guilt-free.” Ramit remarks that the plan is rewarding because you get to CHOOSE how you want to spend your money AND how…
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Earning $250K Per Year, And Learning How to Not Live Paycheck to Paycheck
There is no shortage of headlines with couples earning over $100k and living paycheck to paycheck. It doesn't have to be that way at all.
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The Truth about Progress in the US and the Power of Bootstrapping
The crew shares the story of being called a "Bootstrapper" and how bootstrapping has influenced their lives.
