Recently, I’ve seen several discussions on social media about managing cash flows for freelancers. Here’s what I know: Managing your cash flow is key to success in the long run. Cash flow is different from income – and ultimately more important. Cash flow is tricky to calculate and forecast, as any first-year accounting student or associate analyst… [Read More]
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Tag: cash flow
Paying for college: Planning if you don’t plan on getting aid
The handy FinAid calculator may show that your family will get little or no financial aid for the college of your kid’s dreams. It happens, and many families are surprised when it does. They may not think of themselves as rich, or maybe life got in the way of saving money. Furthermore, colleges expect that… [Read More]
Money Smart Week: Cash flow versus return
I know about finance from several perspectives. I have a traditional academic background and teach traditional corporate finance (efficient markets, rational actors, time value of money). I worked for an investment company and two investment bank, so I have a real-world perspective (people are irrational, bubbles and crises are more common that you might think.)… [Read More]