The Essential Differences Between Cash and Profits

Posted by PASAngelique under Finance
From http://articles.bplans.com 3417 days ago
Made Hot by: LimeWood on July 11, 2015 11:39 pm

"So, the moral of this story is do as I say, not as I did. Mind your cash flow. Don’t confuse profits with cash. I did manage to crawl out of the temporary cash flow problem, but it took extra mortgages and heavy credit card debt. The point is that I wasn’t watching. The profits made me feel safe when I wasn’t." http://bit.ly/1dNsA2a

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Comments

Written by HeatherStone
3417 days ago

Hi Angelique,

Thanks to you and Tim for sharing this great post. The most important takeaway is probably this. No matter what the general rules of accounting might suggest, it's probably unwise to count your money until the cash is in your hand.

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