Cashflownavigator Newsletter- July 2012

In This Issue:

CASHFLOWNAVIGATOR BLOG: Getting Ahead Early, Part 2: Open a “Team Savings and Investment Account”

SPOTLIGHT ON: The Navigator Tracking Tool

CASHFLOWNAVIGATOR BLOG: Wealth and Cash Flow Lessons from Shark Tank

CASHFLOWNAVIGATOR BLOG: Getting Ahead Early, Part 3: Moving Forward in the Financial Life Cycle with the Help of Rental Income

GUEST BLOG: How to Retire Early and in Style – Without a Fortune!

by Laura D. Adams
CASHFLOWNAVIGATOR BLOG: Getting Ahead Early, Part 2: Open a “Team Savings and Investment Account”The previous article on this topic focused on how important it is for young adults to “outrun” debt and move quickly from Debt Accumulation to the Asset Accumulation stage of the Financial Life Cycle. The name of the game is to get a good head start… to move through the early stages of the life cycle as fast as possible because doing so enables you to reach the final stage, financial independence, at a younger age. That was the concept. This article focuses on execution. Here we offer one idea to help reduce the amount of time young adults spend in Debt Accumulation, or to even bypass the stage altogether.

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SPOTLIGHT ON: The Navigator Tracking Tool.  A runner-up choice for our tagline was “Financial Independence, One Goal at a Time.”  That’s actually a description of just one part – the last part – of the Cashflownavigator system: using the Navigator Tracking Tool.

Setting a goal, and using the Navigator Tracking Tool to achieve it, completes a Cashflownavigator cycle.  The cycle begins with filling in your 8020 Worksheet™, which captures your assets and liabilities (wealth) and all your monthly cash flows.

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CASHFLOWNAVIGATOR BLOG: Wealth and Cash Flow Lessons from Shark TankAt the end of a busy week I look forward to winding down by watching…five human sharks attack unsuspecting start-up entrepreneurs.  Alright, that’s a bit overstated.  For those of you who haven’t yet seen it, “Shark Tank” is a reality show where early stage entrepreneurs seek funding from five successful and very wealthy business owners.

 

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CASHFLOWNAVIGATOR BLOG: Getting Ahead Early, Part 3: Moving Forward in the Financial Life Cycle with the Help of Rental Income

 

OK, so let’s say you’re in your 20s and with the help of a family savings and investment account (see Part 2 of this series) you have little or no debt and $20-25,000 in liquid accounts (savings, stock).  What can you do to build on your momentum and start generating monthly cash flow from a source other than your salary?  One option to consider is a rental property.

 

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GUEST BLOG: How to Retire Early and in Style – Without a Fortune!

by Laura D. Adams

 

We like how in this article Laura D. Adams, author of “Money Girl’s Smart Moves to Grow Rich” (an EIFLE award winner), focuses on reducing the cost of one big-impact item to help make retirement more affordable.  Laura’s website is www.lauradadams.com

 

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Check out these and other great articles on our Facebook page!

keith_blogKeith Whelan is Cashflownavigator's founder and author of the "Wealth is Good, Cash Flow is Better" e-booklet. He is a graduate of Columbia University Business School, teaches at Rutgers University, and has over 30 years experience in the banking and financial services industry. Keith, his wife Cindy, and their two sons live in New Jersey.

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