Radical Personal Finance cover image

The Iron Law of Wealth Building (or How to Translate Personal Financial Statements into Results) RPF0029

Radical Personal Finance

00:00

Inflows - Outflows Equal Surplus

If we're going to build wealth from one accounting period to the next, then we've got to make sure that there is a surplus at the bottom of the cash flow statement. This is no if we're talking about a deficit. We can only adjust the inflows or the outflows to reduce the deficit. That's it. If you want to go and use the emotional, emotional words, that's fine. But if there's a deficit, we got a problem.

Play episode from 08:19
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app