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Home > Business and Economics Books > Finance and accounting > Finance and the finance industry > Winning the Cash Flow War: Your Ultimate Survival Guide to Making Money and Keeping It
Winning the Cash Flow War: Your Ultimate Survival Guide to Making Money and Keeping It

Winning the Cash Flow War: Your Ultimate Survival Guide to Making Money and Keeping It


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About the Book

A proven path to success for anyone seeking financial freedom in today’s challenging world Discussing everything from effective budgeting to breaking into the lucrative and fulfilling world of self-employment, nationally renowned cash flow expert Fred Rewey addresses the financial problems everyone faces and then offers a practical guide to turning the corner from paying everyone to getting paid instead. People can find themselves so bombarded by bills, from credit cards to mortgages to college tuitions, that they find it impossible to focus on truly solving their money woes, once and for all. Winning the Cash Flow War provides readers with tools and knowledge they need to fight back. His unique step-by-step battle plan reveals how anyone can dramatically transform their attitude about finances, and shore up their monetary well-being, by learning to see money not so much as a goal but as a tool—a tool of self-empowerment that virtually anyone can master. Fred Rewey is one of today’s most sought-after speakers on entrepreneurism and financial success. President of the American Cash Flow Association and publisher of the American Cash Flow Journal, Rewey is seen by millions each month on television, and has helped people at all financial levels take control of their lives and turn their cash flow into a net positive.

Table of Contents:
Foreword xv Robert G. Allen Preface xix How to Use This Book xxix Part One: Evaluating Your Troops 1 Chapter 1: Welcome to the Cash Flow Academy 5 Developing Goals and Objectives: Writing Your Battle Plan 6 Five Stage Program for Setting Financial Goals 7 Staying Motivated 9 Never Forget That You’re Fighting for Financial Freedom! 11 It’s No Longer a Private Affair 12 Marching Orders for Chapter 1 12 Chapter 2: Planning Your Defense: Basic Training 13 Planning Your Defense: Basic Training 13 Record-Keeping Systems 14 Checklist for Good Records 17 What Sort of Records Can I Toss Out? 18 If You Really Want to Keep Some Detailed Records 19 What You Need in Your Home Cash Flow Command Center 20 Marching Orders for Planning Your Defense: Basic Training 21 Chapter 3: Financial Assessment Test 23 Checking Up on Your Financial Well-Being 23 Net Worth Test 24 Calculating Your Net Worth 27 Cash War Net Worth Worksheet 31 Are You “Okay” or Do You Want to Do Better? 35 Marching Orders for Financial Assessment Test 36 Chapter 4: Understanding the Importance of Budgeting 37 Budgeting Basics 39 The 10 Percent Savings Rule 48 Marching Orders for Understanding the Importance of Budgeting 51 Part Two: Understanding the Battlefield 53 Chapter 5: Understanding Credit 57 The Rules of Engagement 58 War Games: Credit Cards 63 Action Items for War Games: Credit Cards 64 The Best Way to Get Credit Card Debt Under Control: Pay Cash! 65 How to Improve Your Credit Rating 67 Credit Ratings and Scores: Then and Now 67 How Credit Scoring Works Today 68 Marching Orders for Understanding Credit 71 Chapter 6: Understanding Banking 73 How Do Banks Make Money? 74 Three of a Kind 74 What Do I Want or Need from a Bank? 76 Should I Be Doing My Banking Online? 79 Marching Orders for Understanding Banking 82 Chapter 7: Understanding Mortgages 83 Buying versus Renting a Home 84 Got Debt? 85 Lease Options 86 The Benefit of a Lease Option 87 Different Types of Mortgages 89 Which Mortgage Program Is Right for Me? 91 Marching Orders for Understanding Mortgages 92 Chapter 8: Understanding Personal Loans 93 Credit versus Loans 94 What Is a Personal Loan? 94 Why Would You Consider Applying for a Personal Loan? 95 The Difference between Lump Sums and Credit Lines 96 What to Look for in a Personal Loan 99 “Payday” and “Cash Advance” Loans Are Never a Good Option! 101 How Payday Loans Work 101 Marching Orders for Personal Loans 102 Chapter 9: Cars and Car Loans 103 Defensive Buying 103 How Much Car Do You Really Need? 104 What Type of Car Should I Be Looking At? 106 Should I Buy or Should I Lease? 109 A Few Reasons Not to Use the Car Dealer When Financing a Car Loan 109 How to Get the Best Deal on Your Car Payment 111 Marching Orders for Cars and Car Loans 114 Chapter 10: Understanding Insurance 115 Do I Really Need Life Insurance? 116 Different Kinds of Life Insurance 117 Do I Need Home Insurance? 120 Renter’s Insurance 122 How Much Car Insurance Do I Need? 123 Get All Available Discounts 124 Do I Need an Umbrella Policy? 125 How Umbrella Policies Work 125 Marching Orders for Understanding Insurance 126 Part Three: Mastering the Rules of War 127 Get Ready to Take the Next Step 130 Base Camp for Mastering the Rules of War 133 What’s This Going to Cost Me? 134 Okay, Soldiers, Mount Up! 135 Chapter 11: Accelerating Payments 137 Should You Accelerate Payments on Your Mortgage? 139 Credit Card War Games 142 Marching Orders for Accelerating Payments 145 Chapter 12: Calculator Clarity 147 Financial Calculator Boot Camp 148 Figuring the Balance on Your Mortgage 151 Credit Cards 154 Investing and Your Return 155 Marching Orders for Calculator Clarity 156 Chapter 13: Taking Control of Your Retirement Accounts 157 Retirement Accounts 159 How to Figure Out How Much Money You’ll Need for Retirement 172 Retirement Cash Flow Worksheet 174 Marching Orders for Taking Control of Your Retirement Accounts 181 Chapter 14: Preparing to Pay for College 183 Estimating College Costs 184 Different Strategies for Saving for College 186 529 Plans 187 Coverdell Education Savings Account 189 Prepaid Tuition Plans 190 Savings Plan Trusts 191 Marching Orders for Preparing to Pay for College 191 Chapter 15: Playing the Market: Stocks, Options, and Mutual Funds 193 Different Types of Investments in the Stock Market 196 Large-, Mid-, and Small-Cap Stocks 197 Options: Here’s Where It Gets Really Involved 204 How to Avoid Investment Risk 205 Marching Orders for Playing the Stock Market 207 Chapter 16: Bankruptcy and How to Avoid It 209 What Is Bankruptcy? 210 What’s the Difference between the Two Types of Bankruptcy? 210 What Normally Happens When You Go to Bankruptcy Court? 214 Some Debts are Simply Not Dischargeable 215 How to Avoid Declaring Bankruptcy 216 Marching Orders for Bankruptcy and How to Avoid It 218 Part Four: Building on Your Victory 219 Chapter 17: Exploring Self-Employment 225 Recognizing an Opportunity 227 What Sort of Business Are We Talking About? 229 The Differences Between the Sole Proprietorship and the LLC 232 Marching Orders for Exploring Self-Employment 233 Chapter 18: The Shortest Chapter in This Book 235 Chapter 19: Marketing Your Business 237 Marketing 101: The Big Three 239 Creating a Marketing Plan 239 Develop a Marketing Budget 247 Marketing on a Budget 248 Internet Marketing 249 Marching Orders for Marketing 101 250 Chapter 20: Understanding Franchises 251 Choosing the Right Franchise 254 Setting Up the Franchisor Interview 259 The Final Information-Gathering Step 263 Does It Still Seem like a Good Idea to You? 264 Marching Orders for Understanding Franchises 264 Chapter 21: Bad Business “Opportunities” to Avoid 265 How to Spot a Scam 267 You Can Call on the Feds 269 Exposing the Multilevel Marketing Myth 269 Why a Multilevel Marketing Plan Must Eventually Fail 271 They Can’t All Be Bad, Can They? 273 What Can Happen to You if You Join a Multilevel Marketing Plan? 273 One Last Line of Defense 274 Marching Orders for Bad Business “Opportunities” to Avoid 275 Chapter 22: Cashing In on Cash Flow 277 What Is the “Cash Flow Industry?” 277 Figuring Out Where You Might Fit into the Cash Flow Industry 280 Defining Your Marketing Niche 281 Narrowing Your Scope 282 Identifying Prospects 283 This Is Not for Everyone 284 Marching Orders for Cashing In on Cash Flow 284 Chapter 23: The Real Estate Industry 285 The Demand for Land 286 The Single-Family Home Is King 290 Big Apartment Buildings 293 Commercial and Industrial Properties 294 A Word about “No Money Down” Deals 295 Bottom Line 296 Marching Orders for Real Estate 297 Chapter 24: Taxes and Your Business 299 Tax Advantages of Owning a Home Business 300 Recent Legislation Changes That Can Really Help You Out 301 Putting Your Family to Work 302 Hiring a Tax Accountant 303 Marching Orders for Taxes and Your Business 306 Chapter 25: Declaring Victory in the Cash Flow War 307 The Wedding, the Ring, and Life’s Lessons 307 The Mindset for Cash Flow War Success 309 Congratulations—You’re a Medal of Honor Winner 311 Suggested Resources 313 Print 313 Online 314 Glossary 317 Calculator Worksheet 341 Index 343

About the Author :
FRED REWEY is one of today's most sought-after speakers on entrepreneurism and financial success. President of the American Cash Flow Association and publisher of the American Cash Flow Journal, Rewey is seen by millions each month on television, and has helped people at all financial levels take control of their lives and turn their cash flow into a net positive. Having personally fought his way out of the trenches, Fred has often been considered by his colleagues as a "serial entrepreneur." Successfully repeating the process again and again, his insights often lead to both profitable ventures and personally rewarding experiences. Fred dedicates his time to addressing the financial problems everyone faces and then offers practical solutions to turning the corner from paying everyone to getting paid instead.


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Product Details
  • ISBN-13: 9780470362129
  • Publisher: John Wiley & Sons Inc
  • Publisher Imprint: John Wiley & Sons Inc
  • Language: English
  • Sub Title: Your Ultimate Survival Guide to Making Money and Keeping It
  • ISBN-10: 047036212X
  • Publisher Date: 02 May 2008
  • Binding: Digital (delivered electronically)
  • No of Pages: 384


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Winning the Cash Flow War: Your Ultimate Survival Guide to Making Money and Keeping It
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