Successful cash flow for a business or a family is not only about having money come in, but it also means how you preserve your cash and build your assets.
How should families allocate their assets?
Here is an article I wrote on tips for asset allocation:
Asset Allocation 10 tips
Having wise advice is as important as saying "put your money into 'xyz stock' or 'abc mutual fund'."
So I recommend looking for a financial planner or advisor who is passionate about what they do, who comes across as honest and is not necessarily selling only his or her own products.
But allocating assets also means planning your estate and having a law firm draw up a family trust.
In our case, we have a special needs daughter who will not be able to live independently so one of the best gifts we could give her is planned for security in the event something happens to us.
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