WHAT DO SMALL BUSINESSES AND FAMILIES HAVE IN COMMON?
Apparently, that’s cash flow! I know that standing at our kitchen counter holding the utilities bills, we have that thought; “ugh, I just paid this!” But did you know that it keeps our small business and entrepreneur friends up at night, too?
Do you ever feel that your cash flow should be easier to get a hold of? You should be able to automate it? Not have to think about it so much? Not have to move money around with your delicate hands so often?
But, as it turns out, you just don’t find it simple. So you don’t get a handle on it. And you’re left letting your cash flow sort of happen to you instead of you managing it intentionally.
The termlifestyle creep describes what happens when you spend more money as you earn more money.
You might also hear this referred to as “lifestyle inflation. It means the same thing: you inflate your lifestyle to match your income. There’s never much of a gap between what you earn and what you spend.
If you fall victim to this, you will likely never feel well-off, wealthy, or successful.
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