Cashflow is Critical

It isn’t really how much money people have that causes them problems or what assets or lack of assets they own. In nearly all cases the reason people have financial problems is due to a lack of cashflow.

We have had our online interactive wheel of life working for some time and now have a fair bit of data that tells us what people consider being their biggest problems when balancing their lives. The biggest perceived problem by far is Wealth and Finances followed by Health (often caused by the stress of financial issues).

It isn’t really how much money people have that causes them problems or what assets or lack of assets they own. In nearly all cases the reason people have financial problems is due to a lack of càshflow. For most people, unless they have a conscious understanding of their finances and where their money goes they will use everything that comes in.  This happens whether people earn $30,000 a year or $300,000 a year. Continue reading “Cashflow is Critical”