Positive Cash Flow is Possible

by Ryan Yates

Would anything save me from the pile-up?

Well, I’ve had one of those weekends.

In the past 3 days, I’ve been overwhelmed with necessary-yet-painful spending, and bad spending habits had nothing to do with my miserable experience.

First, it was car repairs. Then it was a doctor’s visit with prescriptions. Next it was lawn mower repairs, and gas, and groceries, and even a computer meltdown.

Everything seemed to hit us all at once.

It was one of those moments in my life where I sat back and thought, “Is there anything that can save me from this mess?”

As it turns out, yes.

We weren’t saved by something that stopped the spending, but by our financial lifestyle that was in place prior to this past weekend. No, I’m not blowing my own horn, we were just able to come out on top of an awful situation thanks to practices we have learned and implemented into our financial life.

This is article is bigger than a simple encouragement to start an emergency fund. It’s evidence that, even if you don’t make much money, living financially wise will help create positive money flow.

Don’t misconstrue my words. I’m not saying I have the secrets to unimaginable wealth or prosperity.

But being smart with your money, large amounts and small, has it’s rewards.

Sure, spending less than what you earn is a big part of the equation. But so is wise spending, goal setting and goal achieving, increasing your earning potential, and saving for emergencies, retirement, and college.

And most of these things are connected. Don’t think you can focus only on saving without getting your spending under control.

And don’t think you can ignore setting financial goals just to focus on earning more.

No matter where you are in life or what sort of financial distress or prosperity you may be experiencing, implementing simple financial rules will help you and your family stop bleeding money and start creating a positive financial experience.

Photo By jasonbolonski

{ 1 comment… read it below or add one }

Kurt @ Money Counselor April 16, 2012 at

Yes, your recent experience highlights the value of an emergency fund. Without that, you might have been forced to borrow money at high credit card interest rates. That would have meant your standard of living would be going down a bit, thanks to the interest $$ you’d be sending to the credit card issuer instead of keeping for you family.

Hope things improve as the week goes on!

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