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Saturday, April 19, 2008

Cash Flow

My heros from the finance world include Robert Kiyosaki, Donald Trump, Adam Khoo and Warren Buffet. I've read some of their books and have been inspired by some of the advice given by them. One of the important things that they have emphasized upon is cash flow. Always make sure that your expenses are lesser than your income and never, NEVER give in to debt. Debt can spiral into a never ending burden. Spend within your means and always try to invest some of your savings to beat inflation. The one thing all my finance heros have in common is that they are all rich and I dream of following their footsteps one day. It's a slow process because I don't earn a lot and struggle with everyday bills too. However, having a positive cashflow can help reach that goal some how. I guess we can't go wrong if we do the same things that the rich do right?

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