Must-Know Cash Flow Basics for Financial Freedom | 506
Epic Real Estate Investing
Matt Theriault
4.7 • 955 Ratings
🗓️ 26 October 2018
⏱️ 7 minutes
🧾️ Download transcript
Summary
Yo, homeboy, did you get your cash flow? If not, learn the cash flow basics in 5 minutes right now! Listen to today's episode of Financial Freedom Friday and brush up on how worldwide governments see producers and consumers, the importance of investing in assets that produce cash flows, and why you should start small, but learn big.
Transcript
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| 0:00.0 | This is Terrio Media. |
| 0:04.0 | Hey, this is Matt. Welcome to another episode of Financial Freedom Friday. All right, so I'm in Boston. We just left the country, excuse me, we left the city. |
| 0:19.4 | We're now in the country, hoping to catch some of the fall foliage, but we're a little early. |
| 0:24.8 | It's still a lot of green going on right here, but I'm not complaining. |
| 0:28.1 | It's beautiful out here. |
| 0:29.3 | Anyway, we just wrapped up an epic, epic intensive where we talked about cash flow and how it relates to one's |
| 0:35.5 | financial freedom and how you really don't have a shot at any sort of financial |
| 0:39.1 | freedom unless you really embrace the concept of cash flow. |
| 0:43.0 | And so we talked for how to create the cash flow with your investments, |
| 0:47.0 | with your investment portfolio, and I discovered this old video that I recorded, |
| 0:52.0 | all about why cash flow is really important and |
| 0:55.0 | since the cash flow conclave is wrapped up for this year I wanted to share this |
| 0:59.1 | with you just in case you missed it and so I recorded this four years ago and 40 pounds ago so you'll certainly notice that and I just |
| 1:09.2 | want to share with you so enjoy and I'm gonna go back here to grubub on some of this good Boston food, work on my before picture a little bit more, and then I'm getting back into fighting shape. |
| 1:18.0 | All right, take care. |
| 1:19.0 | Hi, you know, once upon a time, cash was indeed king. |
| 1:24.2 | And then though, on one hot day in August 1971, cash was dethroned by cash flow. |
| 1:30.9 | A new regime was in power. And here's what I mean. There was a time working hard for money, saving, |
| 1:37.6 | retiring and living off the interest of your savings account when there was a time when that was possible. But today money is no |
| 1:44.5 | longer money. You know working hard for paper money without converting it |
| 1:48.1 | into an economic asset is like you know diving without an oxygen tank. |
| 1:53.4 | You might be fine for a while, but eventually you're going to run out of air. |
... |
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