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Psychology of Money: How to Make Money Work for You
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[QUOTE="Mika, post: 298787, member: 29399"] Money will work for you only when you have cash flow management skills. Managing cash flow involves monitoring and controlling the amount of money flowing in and out. Here are some skills required. [LIST=1] [*]Create a budget: Have a clear understanding of your income and expenses and make a budget to ensure that you're spending less than you're earning. [*]Monitor expenses: Keep track of all your expenses and prioritize them based on importance. Consider cutting down on unnecessary expenses to improve your cash flow. [*]Manage debt carefully: Avoid taking on unnecessary debt, and make sure to prioritize debt repayment to maintain a positive cash flow. [*]Stay on top of your cash position: Regularly check your business's bank accounts and cash balances to stay on top of your cash flow situation. [/LIST] [/QUOTE]
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Psychology of Money: How to Make Money Work for You
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