Capital vs Income
Helping people understand key financial concepts is one of the most enjoyable parts of my job as a financial professional.
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Without even realizing it, most people are familiar with protection-first thinking. If you remember travelling on an airplane in a not too distant past, you would recall this important point in the safety demonstrations “In the event of sudden decompression, secure your own oxygen mask before helping others.”
Put measures in place to help you replace a portion of your income if the unexpected happens.
The major challenge “millenipreneurs" face is cash flow issues. Here are tips that can help position themselves for success.