A huge part of building big businesses and even bigger lives is determining the best balance between cash flow and equity for you and your family at a particular time. In today’s show, we dive into the details of each and how to calculate the right balance.
Cash flow is all about the money you make regularly, while equity is your stake in an asset. There are risks and benefits to both. Cash flow pays the bills. Equity builds wealth. Cash flow can be affected by market changes and business hiccups. Equity relies on the value of an asset going up, which is never guaranteed.
The most important aspect of finding the right balance is knowing your specific goals. From there, you can create a strategy and action plan, identifying metrics to measure success.
These are important conversations we need to be having-thank you for joining us!
Connect on Instagram:
• Seychelle Van Poole: @seychellevp ( / seychellevp )
• Sarah Reynolds: @sarahreynoldsoji ( / sarahreynoldsoji )
• Wendy Papasan: @wendypapasan ( / wendypapasan )
• Kymber Lovett-Menkiti: @kymbermenkiti ( / kymbermenkiti )
• Tiffany Fykes: @tiffanyfykes ( / tiffanyfykes )
Produced by NOVA Media (novamedia.fm/)
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5 сен 2024
