The Cash Flow Secrets Every Dad Needs to Know | Feel Good Fatherhood | E59 | David Safeer
Channel: Feel Good Fatherhood
Date: 2024-01-08

Welcome to another episode of Feel Good Fatherhood. In this conversation, Jay Twining sits down with guest David Safeer. David is a globally recognized expert in cash flow optimization and the founder of David Safeer International, which educates and advises accountants and CFOs on cash flow and profit maximization strategies for their clients. They discuss the importance of managing cash flow in personal finances. They cover topics such as understanding cash flow, tracking cash flow, creating a cash flow statement, managing cash flow for employees, and strategies for managing cash flow with both negative and positive balances. They emphasize the importance of taking small steps to improve cash flow and provide practical tips for effective cash management. In this conversation, David Safeer discusses his expertise in helping accountants and bookkeepers improve their companies' future. He emphasizes the importance of using cash principles to enhance both personal and business finances.
Tune in for an eye-opening discussion that explores the intersection of fatherhood, business, and marriage, offering actionable insights for achieving financial peace of mind.

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Key Takeaways:
- Importance of Managing Cash Flow
- Use of Savings Accounts or Money Market Funds with Better Interest Rates
- Avoiding Payday Loans and Delaying Bill Payments Without Penalties

What You Will Learn in This Episode:
- The importance of managing cash flow for business and personal finances
- Cash principles can be applied to both personal and business finances to achieve better outcomes.
- Practical tips for building financial resilience and securing your family's well-being.

Standout Quotes:
1. "Know that you can do this. It is possible. No. I'm not saying it's gonna be easy. But if you take baby steps.”
2. "There's certain things that if you pay on an annual basis, it is less expensive. In particular, insurance, They will quote you either an annual amount or they will quote you a monthly amount. Either way they'll let you pay generally annually, semi- annually, quarterly, and monthly. The more frequently you pay, the more your insurance costs.”
3. "Just give it your best effort. List out all of your expenses. Do you have car insurance that's coming due? Do you know your due dates on everything? When's the Netflix bill come in? All these automated transactions we've got going these days, add those all list them all out, add that up, And subtract your amount that you have to spend versus the amount available to spend versus your expenses during that time period and see hopefully, you've got more available to spend than money that has to go out Because you'll be left with a positive balance.”

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Connect with David:
Website: www.CashIsClear.com
Email: david@davidsafeer.com