May 13, 2012 - Cash Flow Generation    5 Comments

The Reason

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Sometimes life throws you a curve ball. A challenge. As they say, life wasn’t meant to be easy. This week, I have had a big challenge thrown my way and it has got me thinking about a lot of things. One of those things I am thinking about is my reason for starting my business. See, my hubby had a little surfing accident…dropping down the face of a 9 foot wave landing awkwardly on his board and damaging his left leg pretty badly. That changes our income temporarily for fulfilling dreamlines and also puts a stop to many of his own dreamlines until we know the long term effects of his injury.

Which brings me to something I read and wrote down not so long ago. It goes a little something like this…

You must always have a:

  • Short term source of income to pay the bills
  • Two medium term projects that supplement that income
  • One long term project that is years away from fruition.

 

Cash Flowing into Pot of Gold

So what does all this have to do with dreamlining?

Income that’s what. Dreamlines are funded by cash flow and most of us have limited varieties of cash flowing into our lives. That is why I am starting my business whilst still working a regular job. An extra source of income would make a situation like this a little less of a worry financially.

The question you need to ask yourself is “Do I have a strong enough cash flow plan that allows me to fulfil my dreamlines now and in the future?” (or are you putting all your eggs in one basket?) My answer to that is…not quite. It is a good reminder to solidify our finances and it is THE reason I am building my side business.

Just quickly, if you haven’t read the posts on Dreamline Planning and Dreamline Planning Details, have a peek at these. My next couple of posts will go into the details of how to set up a conscious spending plan to fulfil your dreamlines.

 

5 Comments

  • [...] you read my post called “The Reason”, you will remember my discussion about life’s curve balls and challenges. My apologies for being [...]

  • Thank you so much Ty! It is a honour that your find my blog inspiring. I really appreciate you taking the time to read this and share your thoughts.

  • So true John. Sometimes a little shake up can be a good thing. Whilst scary at the time, the other side can be enlightening.

  • Life is hard to plan, which just goes to show that it makes sense not only to have a Plan A, but a Plan B and C too. Hope your husband is feeling better.

  • I find this inspiring, yet practical and grounded. Week done. I love the look of this site too.

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