8 Steps to Financial Independence by Damodhar Mata - HTML preview

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STEP ONE

IMPROVE CASH FLOWS

Cash is King!

We all have heard it so often, that it is become a cliche, but nevertheless, cash is indeed King, Queen and everything else when it comes to securing our future....

Whether an individual, a company or a country, effective management of cashflows is very important.

It is one of the most important reasons attributable to the sustenance and growth of an individual, company or a country.

To effectively manage and improve cashflows, you should;

  1. Create a Budget
  2. Record Income
  3. Track Expenses
  4. Identify surplus.

The above mentioned aspects are discussed in detail on the following sections…