Description

One of the things we all want to do this New Year is get cash flowing towards us. In this episode of Learning For Legacy, Afam will be recapping how cash flows. Afam breaks down the four cash flow quadrants, and looks at two mentalities when it comes to making and spending money. 

KEY TAKEAWAYS 

• Cash flow works in one of two ways, towards us or away from us. Which one it will be is affected by two different mindsets. Cash flowing to us is set by a producer's mentality, and away from us is a consumer's one. 
• One of the first questions you should ask yourself is what type of money you make and what would you like to make for this year. Break this down into how long does it take to make that money, how much does it cost to make that money, and finally what are the tax implications of the money I make. 
• Assess where you are in your life in these four different areas. The employee, the self employed, the business owner, and the investor. We need to assess where we want to sit in these different quadrants. 
• In this first quarter of the year we should be taking inventory and deciding which of those four quadrants you want to be in. You can then take steps towards achieving those goals. 

BEST MOMENTS

‘In order for cash to flow towards us, we must adopt a producer's mentality' 

‘We are all running our own lanes. We're not in competition with the person on our left or our right'

ABOUT THE HOST

Afam is passionate about people building generational wealth for their households. In this respect, his aim is to provide information and insights for lifestyle design, leadership and economic empowerment. Afam is encouraged when he sees others building a legacy for themselves.

linktr.ee/afamo
legacylearning.co.uk
LinkedIn: linkedin.com/in/afamo
Instagram: instagram.com/afam4legacy
Patreon: patreon.com/legacylearning

PODCAST DESCRIPTION

A topical & interview podcast all about the concept of making generational wealth understandable, practical and accessible. It's important to break down what it really is & isn't. Talks including ethics, character, leadership, strategies, history, case studies, sad stories made good, fun stories making to uplift, leftfield stories making you think, discovering stories/examples around the world. Including interviews with community & business leaders, thinkers, celebrities and everyday people.

This show was brought to you by Progressive Media

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