8 Steps to Financial Independence by Damodhar Mata - HTML preview

STEP ONE

IMPROVE CASH FLOWS

Cash is King!

We all have heard it so often, that it is become a cliche, but nevertheless, cash is indeed King, Queen and everything else when it comes to securing our future....

Whether an individual, a company or a country, effective management of cashflows is very important.

It is one of the most important reasons attributable to the sustenance and growth of an individual, company or a country.

To effectively manage and improve cashflows, you should;

1. Create a Budget
2. Record Income
3. Track Expenses
4. Identify surplus.

The above mentioned aspects are discussed in detail on the following sections…