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Chapter 7: Cash is King and Cash Flow is Queen
Congratulations! You made it to the final chapter. Thanks for staying along.
Throughout your life, you will make many financial decisions. In my
experience, people often make financial decisions independent of each
other, creating fragmented decisions without an economic model. Doing so
can lead to what we call the “financial junk drawer,” filled with a bunch of
inefficient and uncoordinated products.
The first order of business is to coordinate all of your assets to improve
efficiency. Next, the assets should be integrated; when they are positioned
a certain way, your assets might actually work harder for you and increase
the amount of money supply. The integrated strategic process is missing
from most plans.
Some people with large sums of money in their accounts are afraid to
spend it because they fear running out of money or needing the capital in
an emergency. In many ways, I understand this and empathize with them.
When one works all one’s life to build assets, one can become paralyzed
with the fear of running out of money.
I want you to learn how to create the financial freedom to spend every dime
that you create through strategic planning -- I'd like to see the last check
bounce at the funeral home -- yet leave a financial legacy second to none.
Now that's a better way to spend your hard-earned money -- don't you
agree?
