The Cash Flow Dude is dedicated to the education, empowerment and amusement of individuals on the power of multiple streams of cash flow in their lives to achieve financial freedom. This is done by categorizing cash flow and breaking it down into a series of easy to follow steps; Make Cash Flow, Save Cash Flow, Invest Cash Flow and Protect Cash Flow. Here’s some more information about each of the steps:
The acquisition of cash flow is the most fundamental step and the one most people are familiar with. If you have a job, run your own business or own rental properties, you are making cash flow. The acquisition of cash flow comes in two main forms, active income and passive income. We will discuss various ways to make cash flow from education to starting your own online business to investing in real estate, as well as many many others.
Once you have acquired cash flow through active or passive income, you need to “pay” yourself first by saving a percentage of your cash flow. The importance of saving includes subjects like budgeting, improving and maintaining good credit, the best high yield savings accounts, and other principles of personal finance.
The money that you save should be invested so that you can take advantage of the power of compound interest. This will build over time allowing you to achieve financial freedom. We will discuss the many ways to invest your cash flow that will allow you to achieve financial freedom.
Warren Buffett said, “Rule number 1: Never lose money. Rule number two: Never forget rule number one.” The Oracle of Omaha understands the importance of keeping your money is second only to making it. Protecting your hard earned cash flow includes tax planning strategies, insurance products, estate planning, defensive investment portfolio allocations and more.