Finance

Is All Money Created Equal?

Is All Money Created Equal?

Is all money created equal?  If you think money is money – think again.  Whether for personal reasons or for your business, do your best to establish some level of working capital.  Call it a “rainy day” fund, working capital, a reserve account, etc.  Something is better than nothing – and more is better than less. Into every life (or in every business), a little rain must fall.  You will appreciate your diligence in establishing a reserve account when you have to wait out that next little storm.  Once you establish a reserve account, do your best to be disciplined about maintaining it. Avoid the temptation to use your reserve account for that down payment on the brand new home (or commercial building), etc.  If you spend your reserve account on a “long-term”...

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