The Financial Puzzle Playbook
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Cash Flow: The First Piece of Your Financial Puzzle (Ep. 3)
You want to take control of your finances but don’t know where to start. Sound relatable?
It’s time to unpack the first piece of your financial puzzle — cash flow.
Tune in as Jim Sumpter, CFP®, explains the role of cash flow in financial planning. Whether you’re just starting your career, gearing up for retirement, or navigating the middle, this episode is a must-listen for anyone looking to make smarter financial decisions.
Jim discusses:
- Why cash flow planning should be considered in every stage: wealth accumulation, preservation, and distribution
- The need to understand gross vs. net income
- The 50-30-20 rule to allocate your income effectively
- How to optimize your emergency fund by dividing it into three tiers of cash reserves
- Avoiding the costly endeavor of budget creeps
- And more
Connect with Jim Sumpter: