Cash Cows, Pigs and Jackpots: The Simplest Personal Finance Strategy Ever

Overview:

The previously accepted method of building wealth doesn’t work anymore. The truth when it comes to personal finances is simple: People’s quest to secure a comfortable retirement often ends up making them poor and others rich.

The old way to get wealthy was to acquire assets like real estate, stocks, and mutual funds, often using debt, and then sit back and let time grow your net worth. But that strategy is deeply flawed and is sending many people to the poor house. That’s because it ignores the one basic principle that overrides any wealth-building strategy that anyone who is truly rich knows: What we should really be focused on is not getting rich, but plain old cash flow.

You will see a demonstration of a free spreadsheet that is included with the course, the “House Rent versus Buy Analyzer”.

Course Content:

In this seminar, you will gain knowledge about the following topics:

• Dangers that exist with a net worth focus because the typical net worth statement can be a very misleading measure of wealth that often leads to major problems
• The Cash Cow Strategy that focuses on the cash flow implications of everything you acquire from now on rather than where they go on a net worth statement. This simple strategy could easily be explained to those who aren’t good with money

Learning Objectives:

 Upon completing this seminar, you should be able to:

• Appreciate how focusing on ensuring future cash flow is a better strategy than a balance sheet/net worth approach. Calculate whether buying a house is the best option for anyone currently renting
• Be aware of the relationship between money and happiness and how to increase your happiness level
• Understand the extreme risks of buying a high-rise condominium as well as the tax implications of investing in them as a rental property
• Become familiar with how inflation and the CPI index work and how declining prices may be the big problem

Who Will Benefit: 

Individuals wishing to employ the simplest personal finance strategy that exists.