Constant Cashflow
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The thing about the educational system is that it teaches us to rely on ONE source of income. Normally, this equates to a 9 to 5 JOB. But even if we run a business – we limit ourselves to just ONE business. And this doesn’t always work out for us. What if we lose that job? Then what? What if we lose that business – our one and only source of income... then what? What it means is we have no money coming in... and this isn’t a good situation.

Working as a bookkeeper for over a decade and having looked at hundreds of accounts over the years, one thing that has always struck me – is how many expenses people have. Businesses and individuals – its all the same. They tend to have 10-20 expenses for every ‘1’ source of income that they have coming in. And what is even more alarming, is that over the years, studying bookkeeping and accounting, and ‘business’ and ‘personal finances’ ... no-one really ever questions this. They just think its ‘normal’ – and for many, it is...but ‘normal’ doesn’t make it ‘right’.

In the book ‘Constant Cashflow’ it looks at the flow of money. The money most people and organisations have coming INTO their bank account (normally one source) versus, the money flowing OUT of the bank account. The common expenses for both individuals and business are rent / mortgage, rates, utilities (phone, gas, electric), travel, insurance. The way to improve your cashflow, is to first analyse what goes out (your expenses), and to find ways to reduce this. And then the next step, is to find more ways to increase your income.

Things should always be done in this order, otherwise, you may just end up making more, but spending more – thus defeating the object. But by applying the principles of the book in constant cashflow – you end up prospering due to th notion of ‘thinking differently’. What this book proposes, is that just as we may have an expense literally every other day – we need to get our sources of income to increase, so that we are literally getting paid every other day!!

This isn’t about working harder, or doing overtime, but about expanding the ways in which you get paid. It[s about having multiple streams of income, and thus having constant cashflow. Imagine, if you got paid literally every day for something or other – then money would ALWAYS be flowing into your bank account. Even if one source stopped or was reduced ... this wouldn’t be the end of the world, because there’d be other income streams to replace the lost revenue.

You may have a full time job, but start a part time business from home. Maybe one day the income from that part time business actually surpasses the money you get from the full time job! You can keep both activities going and enjoy increased paydays, or you could even reduce your hours on your job and start another part time business. They key thing is, you don’t sit still, and you don’t just do one thing.

You could run a business, and spot another niche and start selling to that niche. This could bring you in more revenue. Many successful business people have done this e.g. Richard Branson – yet, most business owners stay stuck in their same field, falsely believing that they should only ever do one thing, when if they just branched out, and looked slightly further afield, they could find that there’s an opportunity just waiting for them too. The principles of business are the same – you sell something, to someone who wants it, at a profit. Repeat. Do this in more than one industry, and you could find yourself being paid more than once. You can get hold of the book on Amazon by searching Constant Cashflow by Lisa Newton, there are also courses available - add us on twitter @booglez_books


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