The previously accepted method of building wealth doesn't work anymore. The truth when it comes to personal finances is simple: People's quest to secure a comfortable retirement often ends up making them poor and others rich.

The old way to get wealthy was to acquire assets like real estate, stocks and mutual funds using debt and then sit back and let time grow the net worth.

But that strategy is deeply flawed and is going to send many people to the poor house. That's because it ignores the one basic principle that overrides any wealth-building strategy that anyone who is truly rich knows: What we should really be focused on is not getting rich, but plain old cash flow.

This course is designed to show you the dangers that exist with a net worth focus. That's because the typical net worth statement is a very misleading measure of wealth that often leads to major problems. We'll delve into a much better strategy The Cash Cow Strategy that focuses on the cash flow implications of everything you acquire from now on rather than where they go on a net worth statement. The strategy is so simple you could explain it to your kids and friends who aren't good with money.

Topics Include:

• The Cash Cow strategy.
  • How to employ this simple strategy in your own life. How to identify your greatest source(s) of cash and make sure they keep on giving.
• Does money buy happiness?
  • We'll delve into the question and address how to increase your level of happiness.
• Buying a house versus renting.
  • You'll also get assistance making one of the biggest decisions affecting cash flow in your life -- home ownership -- using the "House Rent versus Buy Analyzer" spreadsheet that comes free with the course.
• The condominium conundrum.
  • A primer on buying a condo as a first home or rental property and the extreme risks that exist including the current tax implications of rental condos.
• Inflation.
  • How the CPI index is measured, explanations of inflation, deflation and the real monster stagflation.

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