Cash flow is a fancy term for money that goes in & out of your bank account. A lack of cash flow means you need to find a way to get more money to flow into your bank account.
๐ฃ๐๐๐ฐ๐ต๐ผ๐น๐ผ๐ด๐ ๐ฑ๐ฒ๐๐ฒ๐ฟ๐บ๐ถ๐ป๐ฒ๐ ๐ฐ๐ฎ๐๐ต ๐ณ๐น๐ผ๐.
Read that again.
Then read ๐๐๐ ๐๐จ๐ฎ๐๐๐ค๐ก๐ค๐๐ฎ ๐ค๐ ๐๐ค๐ฃ๐๐ฎ ๐๐ฎ ๐๐ค๐ง๐๐๐ฃ ๐๐ค๐ช๐จ๐๐ก.
The money game is won or lost in your mindโ
Money is not about planning & spreadsheets itโs about dopamine & serotonin.
Your level of wealth is determined by your psychology, not a formula on a spreadsheet.
๐ฝ๐ช๐ฉ ๐๐ค ๐ฎ๐ค๐ช ๐ช๐ฃ๐๐๐ง๐จ๐ฉ๐๐ฃ๐ ๐ฌ๐๐๐ฉ ๐ฎ๐ค๐ช๐ง ๐๐ง๐๐๐ฃ ๐ง๐๐๐ก๐ก๐ฎ ๐ฌ๐๐ฃ๐ฉ๐จโ
It doesnโt want nice cars or big homes.
It wants dopamine.
Thatโs it.
Your brain just wants dopamine.
It wants the Molecule of More.
It wants the chemical of desire that always asks for more โ more stuff, more stimulation & more surprises.
In pursuit of these things, it is undeterred by emotion, fear, or morality.
From dopamineโs point of view, itโs not the having that matters; itโs getting something โ anything โ thatโs newโ
And society offers ways to help you with that.
Our credit system is a measure to accelerate enjoyment because it gives us the opportunity to obtain pleasure, with money that we have not yet earned; pleasures that would be out of our reach without the credit.
The truth is your brain DOESN’T want stuff. It DOESN’T even want new stuff.
๐๐ ๐๐ฎ๐ป๐๐ ๐๐ผ ๐ฒ๐ป๐ด๐ฎ๐ด๐ฒ ๐ถ๐ป ๐๐ต๐ฒ ๐ฝ๐ฟ๐ผ๐ฐ๐ฒ๐๐ & ๐ฎ๐ป๐๐ถ๐ฐ๐ถ๐ฝ๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ณ ๐ด๐ฒ๐๐๐ถ๐ป๐ด ๐ป๐ฒ๐ ๐๐๐๐ณ๐ณโ
This dopamine train is a common & powerful trap for your cash outflow.
Now back to where I started:
Cash Flow could be the most important term in the world of money, yet it is often the least understood.
Not you, right?
You shoot for a positive monthly Cash Flow & your assets will be increasing.
โ So are your money problems (if you have any) just a Cash Flow problem, or caused by something elseโ
No doubt there are some strong views out there one way or the other.
If you feel a burning desire to share your thoughts, then the place to do that is in the comments section below. ๐
โSpending money to show people how much money you have is the fastest way to have less money.โ โ Morgan Housel, The Psychology of Money
โLiving doesnโt cost much but showing off does.โ โ Jeffrey D. Sachs
“The world seems to be accustomed to delaying gratification less and less, which means the rewards of delaying gratification grow more and more.โ – James Clear