Cash is King!!!!!!!

When thinking about creating or building wealth what comes to mind? Living frugally? Getting a raise to have more income? Having side hustles to get more income? Cutting down on living expenses?

Without a doubt the meaning probably has a little different version as each of us have our own ideas of an approach to acheive it. Is any one of them more right or wrong than the other? In my honest opinion no…Some might acheive their goals sooner than others and it might be due to the approach they take.

But at the end of it what really matters is that each of us reach our goal. The ways listed above are the main broad ways I feel building, creating wealth can be achieved. Underneath each one of those is a almost endless number of ways to have an impact of building wealth. For me obviously what would seem like the perfect scenario is a combination of all of them.

But making an improvement in any one of those categories does one thing…. free up cashflow. And when we do that we then increase our opportunities to build/create wealth. Whether we use that increased cashflow to pay down debt, invest, use it to start a side gig by doing so we increase our potential to get even more cash flow.

I want to leave it at that for this post and hope it kick starts a process for you like it did for me about thinking about ways you could increase your cash flow. The next post I will talk about some of my experiences and examples I have found to increase my cash flow.

Till next round cheers 🙂

GWF