#7 - Managing Your Cash Flows

Homework will be out next week - thanks for your patience!

What does managing cash flows actually mean? Listen today!

·       Have any kind cash reserve to start

·       Calculate what your monthly average expenses are

·       Create a budget & honor your budget

·       Run a lean operation

·       Understand when you get paid

·       Know exactly what your operating expenses are

·       Make sure your cash reserve exceeds your operating expenses

·       Be mindful of your personality

·       Track your successes and failures

·       Manage similarly on the personal side