"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
The Essential Differences Between Cash and Profits
Posted by
PASAngelique under Finance
From http://articles.bplans.com 3208 days ago
Made Hot by: LimeWood on July 11, 2015 11:39 pm
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Comments
3207 days ago
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.