7 Cash Flow Milestones Worth Celebrating

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 30 May 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover the seven cash flow milestones that prove you’re making real progress, even if you're not a millionaire yet. From becoming cash flow positive to saving 25% of your income, we break down the behaviors that build lasting wealth. Whether you're just starting out or hitting your stride, this episode will keep you motivated and moving forward. ⁠⁠⁠⁠ Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Sometimes you want to know where you are, where you're going. Guess what? Today we got seven
0:04.3	cash flow milestones to hook you up. And Brian, I am so excited to talk about this because oftentimes
0:15.4	we talk about net worth milestones and, oh, I want to be a millionaire, I want to hit this number,
0:21.6	I want to achieve this thing. But a lot of times those are sort of longer term, longer form in
0:27.8	nature. And so I'm excited we can talk about some milestones today that maybe happen a little
0:33.1	earlier in our financial journey. Well, since they're cash flow base, they do happen earlier,
0:37.6	as you just said, but they also really let you hone in on the behavioral side of your decision
0:43.4	making and get that fruit really quick or the dividends from your discipline. And we're going to jump
0:48.8	right into that. And we know that you guys love milestones. If you do want to know more about
0:53.1	some of the net worth milestones
0:55.1	we've talked about, we have a great show called Are You on Track to becoming a multimillionaire?
1:00.5	This will tell you some of those net worth milestones that you ought to be hitting along your
1:05.9	financial journey. But again, those, Brian, those stay so long dated. A lot of times it's hard to like
1:10.4	stay focused, stay on track, stay committed,
1:12.9	stay devoted to building towards that.
1:15.5	So we came up with some cash flow milestones, some milestones that no matter where you are in your journey,
1:22.3	you can hit.
1:22.7	And what I like about these milestones is that not all of them are required in order to be able,
1:29.1	are required in order to be able to hit financial independence. Some of these milestones
1:32.7	you may hit and some of the latter milestones you may never hit and that's okay. That's what's
1:37.2	beautiful about wealth. It doesn't mean you're not on track of financial independence. So let's jump
1:41.6	right into these. The first one is milestone number one,
	...

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