Why CASH FLOW is MORE important than NET WORTH!
Manage episode 331885634 series 3093495
We get so tied up in this Net Worth number that we forget that Cash Flow is the real number we should be paying attention to. I thought Net Worth was the thing I needed to focus on until I started investing and realizing what Cash Flow actually does for you.
Today I'm sharing why Cash Flow is more important to my financial freedom goals and how it could be for you too!
00:00 Intros
00:55 - Why I got to this point.
01:47 - What is Net Worth?
02:39 - Net Worth Example
03:19 Average Net Worth
04:07 - What is Cash Flow
05:45 - Reason 1 - Why Cash Flow is more important!
07:11 - Reason 2
08:24 - Reason 3
09:38 - How I calculate it
Average net worth - https://www.groovewallet.com/average-net-worth/
The high net worth, low cash flow family - https://www.dividendgrowthmasters.com/2018/01/28/net-worth-vs-cash-flow/
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If you want to watch this one - https://youtu.be/rCREP3j9M6E
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*None of this is meant to be construed as investment advice. I am not a financial advisor. You should not treat any opinion expressed on this YouTube channel as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Opinions expressed are based upon information considered reliable, but this YouTube channel does not warrant its completeness or accuracy, and it should not be relied upon as such. This YouTube channel is not under any obligation to update or correct any information provided in these videos or their descriptions. Statements and opinions are subject to change without notice. Past performance is not indicative of future results. This YouTube channel does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on this YouTube channel. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested or lose more than their original investment. Investments or strategies mentioned on this YouTube channel may not be suitable for you. This material does not consider your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned on this YouTube channel. Before acting on information on this YouTube channel, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment advisor.
#cashflow #networth #FIRE
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