Читать книгу Family Financial Freedom - Floyd Saunders - Страница 8

A cash management program is the first step towards accumulating the wealth you desire. Millionaires don’t get rich by spending money, they get rich by managing their spending, living within their means and investing any extras into good quality investments. You need to set up a plan to manage your cash so you can find those extra dollars you need to start investing.

Cash management is a simple three-step process:

1 Account for income and expenses to get a clear picture of your financial situation.

2 Evaluate your findings to help locate extra income.

3 Allocate that extra income in ways that enable you to build financial security.

With good cash management you can be in charge of your financial destiny. Once your spending is under control, you can start to build your savings and begin to invest small amounts, while you learn more about how to manage your money. You should build your financial plans around the following elements:

 A proper insurance program to provide protection for your family.

 A proper savings program to provide for unexpected expenses.

 A sound investment program to provide for solid financial growth and future security of your family.

 Careful estate planning to pass your wealth to your loved ones rather than see it consumed by taxes.