Why Cash Flow Matters – A Podcast
Summary
Did you know that cash flow can be as important, and possibly even more important, than your investment returns?
On this episode of the Science of Economic Freedom, “Why Cash Flow Matters,” I speak with Al Zdenek, author of the best-selling book, “Master Your Cash Flow: The Key To Grow And Retain Wealth.”
Al is a CPA and Personal Financial Specialist (PFS), and he’s the founder, president & CEO of Traust Sollus, a firm he started over 30 years ago. Don and his firm now have joined the Mercer Advisors family, and that means we get to directly benefit from his knowledge about the importance of cash flow to your overall investment picture.
According to Al, “Cash flow is king,” and that’s because if you have enough cash flow you can live the life you want and provide for you and your loved ones in the future.
Rather than concentrating your financial focus simply on portfolio returns, Al reminds us of the importance of maximizing your cash flow, and he offers some interesting insights on how to do just that.
Some of the topics discussed in this episode include:
- How you can improve your financial decision making
- Financial tips for those in their 20s to 30s
- Tips for those in their 30s to 50s
- What you should do to maximize cash flow in your pre-retirement years (50-65)
- How retirees should approach the issue of maximizing cash flow
- The importance of managing taxes
- Cash flow management for high net worth individuals
- The action steps to take now so you can get a better handle on your cash flow
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