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Code at UK. All right, buckle up. This is one of my favorite topics. We're going to be talking about

cash flow statement. The reason that this is so powerful is because a cash flow statement is an incredible tool that investors can use in order to gauge how their business is performing and a cash flow statement doesn't lie.

Most people will lie to themselves

about how much money they spend on monthly expenses.

If I was to ask you, how much money

do you think you spend every month on groceries

or entertainment or your Netflix subscription.

You're probably going to lie to yourself, not intentionally, but because you just don't

have a really good understanding of your overall numbers.

Now this cash flow statement allows an investor to determine

how well they are managing their overall cash and how the business's money is being dispersed, money in, money out. You need to know this

information. So let's say you're applying for a loan. They're going to often ask

you for your financials, right, which typically includes tax returns.

...