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How to Allocate Your Excess Cash Reserves
Entrepreneurs have demands on their capital and reserve requirements that most others do not. Thinking about these in concert with personal needs and requirements requires a different approach.
In this week's episode, Jarrod segments capital reserve requirements into the following categories. He goes over why each piece of capital is being held in reserve and provides helpful examples and strategies for each one.
Business
1. Business working capital needed within 90 days
2. Business reserve capital that could be needed in 90-180 days
3. Business reserves needed more than 180 days into the future
Personal
1. Personal cash needed within 180 days
2. Personal reserves that cover debt and expenses between 180-365 days
3. Known big ticket items needed one-to-three years in the future
The theme of cash and capital reserves for your business and family is to forecast what you will need and match the investments to that need. We do this work with our client families, so please reach out if we can help yours.
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WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
1. Wealth Digest - weekly articles delivered to your inbox!
2. Subscribe to our YouTube channel
3. Connect on LinkedIn
4. Follow on Twitter
5. Follow on Instagram
6. Check out our Linktree
REACH OUT TO US!
Have a question or want to learn more about ways to uplevel your financial planning? We're here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
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By Entrepreneur Aligned
5
77 ratings
Entrepreneurs have demands on their capital and reserve requirements that most others do not. Thinking about these in concert with personal needs and requirements requires a different approach.
In this week's episode, Jarrod segments capital reserve requirements into the following categories. He goes over why each piece of capital is being held in reserve and provides helpful examples and strategies for each one.
Business
1. Business working capital needed within 90 days
2. Business reserve capital that could be needed in 90-180 days
3. Business reserves needed more than 180 days into the future
Personal
1. Personal cash needed within 180 days
2. Personal reserves that cover debt and expenses between 180-365 days
3. Known big ticket items needed one-to-three years in the future
The theme of cash and capital reserves for your business and family is to forecast what you will need and match the investments to that need. We do this work with our client families, so please reach out if we can help yours.
-----
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
1. Wealth Digest - weekly articles delivered to your inbox!
2. Subscribe to our YouTube channel
3. Connect on LinkedIn
4. Follow on Twitter
5. Follow on Instagram
6. Check out our Linktree
REACH OUT TO US!
Have a question or want to learn more about ways to uplevel your financial planning? We're here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.