Happy Independece DayToday is Friday July 1, 2022 and I'm posting this episode of the Missional Money Podcast live on Facebook and YouTube. Hope you’re doing great and getting ready for a big "bang" of a long weekend! I sent out an email to all my friends with a bit of trivia in honor of Independence Day. In case you missed the email, here it is...

Did you know it was actually on July 2, 1776, that Congress voted to free the U.S. from British rule? However, it wasn’t until two days later that John Hancock signed the first signature to the Declaration of Independence—the document that would spread the news of the vote.

Here's to celebrating freedom on Independence Day - and everyday!

Be Blessed!

Jim

Cash Flow Planning Guide

The health of every financial plan depends heavily on sound cash flow planning. Creating a cash flow plan is a helpful exercise conducted in the financial planning process. This article was originally posted on our website for BayRock Financial as part of the Inflation Planning series.

Cash Flow and Inflation

While we already tend to know what we should be doing with respect to our budget (spending), in reality we often fall short of taking even the most basic steps toward tracking and managing our cash flow. 

You can have a dramatic long-term impact on your financial future by simply increasing your awareness of your spending habits. One small discipline that can make a big difference is being accountable for every dollar you spend.

To help guide you toward creating and managing a cash flow plan that supports your lifestyle and goals, we have created this 

cash flow planning guide. It covers cash flow planning basics, including:

• Income sources
• Essential and discretionary spending
• Debt and taxes
• Goal funding
• Monitoring strategies

 High Inflation ChecklistHigh inflation has been on everyone’s mind, and many are wondering what they can do to take action.

With this High Inflation Checklist, you can explore ways to address high inflation and set your financial expectations appropriately. Get ahead and be better-prepared as you plan for high inflation in the future.

The  high inflation checklist covers key issues to consider when dealing with periods of high inflation, such as:

• The impact inflation may have on your cash flow and budgeting.
• The effects of inflation on your assets, and solutions that may be considered to mitigate those effects.
• Certain tax planning ideas that may be relevant to you in light of high inflation.
• Other miscellaneous areas of your financial plan that may be affected by high inflation.

 Market Correction ChecklistThis market correction checklist covers many of the issues to consider during a...