It’s not helping you pay the bills or live the life you want to live at this moment. That old-school way of investing doesn’t make you any money right now. The oldest mentality regarding investing is to save your money, put it away in some kind of interest-generating account, and hope it grows large enough to live off of later in life.
With little upfront investment needed, no caps on how much you can earn, and flexibility to build a powerful portfolio, online businesses are the income-generating assets you won’t want to miss out on. Plenty of advice exists around “traditional” cash flow investing, but we’re going to open up the door to online business as a superior cash flow vehicle.
When your money is put into income-generating assets, the steady cash flow you receive helps you reach your financial goals and design your own lifestyle. Positive cash flow is one of the main pillars of financial freedom. That’s why the alternative-cash flow investments-are so appealing. Investing for down-the-road cash is always a good idea, but it doesn’t do much to build your wealth now when you need it. This course is for beginners, if you already have a good understanding of excel and already have your own cash flow this course is not for you.Most investing mentalities revolve around rewarding those who wait if you keep squirreling away cash, it will reap dividends… one day. You will also enter your last 3 months of income and expenditure so that you can then create your "forecast" for the next 12 months so that you can use it to monitor if you're on target each month.
Cashflow 101 online how to#
It is a step by step guide on how to create your first excel cash flow that you can then use to manage your spending, start making savings and if you are in debt it can be used to clear your debt. This course is for people that are at a beginner level in Excel and want a cash flow that they can use to manage their spending, pay off their debt and start making savings. Once it's set up I would recommend checking in with it each month to enter that months expenses and to check in to see if you're on track with your forecast. Having your own cash flow and being able to visually see what your outgoings are each month can be life changing and it is also a great tool to see where you are "unconsciously spending" so you might find that you can start making savings now without anything else changing! I have also included some money saving tips that can help you to save money on your bills starting now.Īll you will need is your last 3 months of bank/credit card statements, Excel (or if you do not have Excel I have included instructions on how to use Google docs and it's free!) and some time to go through the course and create your cash flow.
Cashflow 101 online full#
It is a complete step by step guide and I offer full support as well so if you get stuck on anything I am an email away. This course is for complete beginners and it takes you from opening excel and how to save your cash flow template through to entering your income and expenses and using that information to complete a realistic forecast for the next 12 months and then adding the formulas in at the end of the month to work out what you will have left at the end of each month so that you can plan for months where you might have bigger outgoings.
Have you been thinking about doing a cash flow for yourself to see where all of your money goes each month BUT you have no idea how to use excel or where to even start?