Many investors think that managing personal finances is mostly about investing in the right product. If you have taken the time to set some long-term goals and follow a process to achieve it, you might feel noble and virtuous. However, this may not be all. A fairly neglected aspect in managing personal finances is cashflow management.
There’s an old adage about business that “cash is king” and, if that’s so, then cash flow is the blood that keeps the heart of the kingdom pumping. Cash flow is one of the most critical components of success for a small or mid-sized business/ households.