Thread by @srinicaps

#Cashflow is a very important for anyone’s life
Cashflow means passive income that comes through business or investments
Cashflow is the money you don’t have to work for by trading your time. Cash flow is not a salary

Cash flow is money that flows into your pocket, automatically, on a regular basis

Today, many people are in financial trouble because they have too much cash flowing out of their pockets and not enough money flowing into their pockets

The working middle class also often live paycheck to paycheck, but for different reasons and in a different way. The people who have this pattern probably have high-paying jobs, nice homes, cars, and credit cards

After putting aside some money into a Employer sponsored

sponsored Provident Fund and Pension plan or voluntary Investment plan , the working middle class cash flow pattern involves using spare money for all sorts of liabilities that don't put money in your pocket but instead take money out

Over time, you build a lifestyle that must

be maintained by either getting a higher paid job or working longer hours. And if you get fired or laid off, because there is no cash flow, everything comes crashing down

Those who are truly financially free have assets that produce enough cash flow each month to cover their

expenses. If they wanted to, they could never work a day again,

You also need to realize the power of good debt. Learning how to use debt is one of the most important skills a person can learn and an important lesson is that debt is only as good as your cash flow

The bottom line is, cash flow is the key to wealth. The sooner you start receiving cash flow, the better off you’ll be in your life

Credits
@DailyReckoning
@theRealKiyosaki

@threadreaderapp
Unroll