Episode 7 is out! All about managing cash flows - we keep talking about how important it is to do this well. Now here are some tips on how to actually do it!

• Have any kind cash reserve to start

• Calculate what your monthly average expenses are

• Create a budget & honor your budget

• Run a lean operation

• Understand when you get paid

• Know exactly what your operating expenses are

• Make sure your cash reserve exceeds your operating expenses

• Be mindful of your personality

• Track your successes and failures

• Manage similarly on the personal side

To ask a question visit www.moneyowners.com/askmorgen or find me on twitter @morgenrochard or @money_owners