Everyone spends money. Usually, the money you spend goes out the door and does nothing for you. This is called "anyway" money. Dr. Steve Price, in his book "Household Gold," describes how to convert "anyway money" into cashflow.
Traditionally, people are taught to build up assets, then leverage those assets to generate cashflow, thus creating wealth. The only problem is that if anything happens to the assets, the cashflow disappears. It is better to create a method of cashflow, so that if your assets disappear, you can just build up more assets.
The importance of cashflow
March 9th, 2007 at 08:42 pm