Who should you speak to about your financial advice?

Hit me up on Twitter @ofbullsandbears

001 - Where Do You Get Your Financial Advice?

- You MUST have a cashflow plan, before you have an investment plan.

Game Plan
- Every month
- In Writing / Typing
- TOGETHER - be on the same page

How a cashflow plan affects your investment plan
- A cashflow plan includes both savings AND investment.
- Without savings, people draw from their investments at terrible times
- Savings protect your investments
- [ ] THINK LONG TERM

Why don’t people have a game-plan?
- They don’t want to know how broke they really are.
- They literally don’t know how.
- They don’t like to admit that they are not winning.
- They think they don’t have to.

They don’t want to know how broke they really are.
 - Don’t be like an ostrich
 - If you are not winning with money, you will never win if you don’t have a starting point

They literally don’t know how
People are not taught how to create a game-plan in schools.
How to do it:
1. Start with your income at the top of the page
2. List ALL categories that need to be paid - regardless of the order / priority in which they should be paid.
3. THEN categorise.
4. THERE MUST BE ZERO LEFT OVER

They don’t like to admit they are not winning / They think they don’t have to
Winning is relative to your own goals.
People sometimes think they are winning because they earn a lot.

- If you control your cashflow, you determine your destiny.
- It is not about the planning process, it’s about the execution.
- YOU CANNOT INVEST IF YOU DON’T HAVE A CASHFLOW PLAN - RISK EXPOSURE

002 - The Psychology Of Cashflow

Of Bulls And Bears - Personal Finance for South Africans by South Africans. We explore the basic principles so you can apply them today and build generational wealth for you and your family.

Of Bulls And Bears

Popular tracks