Ep #02: Dads with Cash
This episode is all about cash and why it’s a key part of your financial planning process. You will hear about how it works as an essential foundation to your financial plan and the role it plays in investing, retirement, and wealth-building. I also cover why you need cash and what you can do to put it to work for you and ensure a bit more security for yourself and your family.
We can learn a lot from different scenarios where cash has come to the rescue and has been used to alleviate certain issues. Listen in as I discuss some of these instances and share how we can incorporate new cash practices and understanding into our own finances in the future. This is a great episode for you if you’re hoping to withstand volatility, take advantage of real estate opportunities, and decrease your liabilities.
Listen to the Full Episode:
What You’ll Learn in Today’s Episode:
Why cash is king.
What a cash reserve is for.
The cost of holding too much cash.
The flexibility cash allows.
Where cash helps when it comes to investments.
Why you want to build your own capital.
Cash vs. 401(k) and how they can work together.
The value of having separate accounts.
Ideas Worth Sharing:
“Your investments, your retirement, your wealth-building strategy—all need cash.” - Stanley Funches
“If cash was important in the biggest health crisis we’ve had in years, it’s definitely worth looking into on a day-to-day basis from an individual standpoint.” - Stanley Funches
“You have a chance to build your foundation with assets without taking on additional liabilities. Cash is important there.” - Stanley Funches
Resources Mentioned:
Stanley T. Funches: LinkedIn
The Quest For Financial Independence by Stanley Funches
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