
What Are You Doing With All That Cash?
James Clear, the author of Atomic Habits, reminded each of us, “You do not rise to the level of your goals; you fall to the level of your systems.” Everyone needs a system of managing their cash to reach their goals in business and life. One thing we commonly see as certified financial planners working with practice owners is that they often have excessive business cash on hand. Holding some money is a smart move for an owner, but at some point, the level becomes unproductive.
You must be intentional with your cash and create systems to help you achieve your personal and business goals. To wit:
- Where are good places to hold cash?
- What types of savings accounts should you consider?
- What should you do with excess cash?
We’ll answer four questions we often hear.
- Where Are Good Places to Hold My Cash?
- Should I Consider Any Other Accounts?
- Why Should I Consider Three Different Savings Accounts?
- What Should I Do With Excess Cash?
Learn more in our latest article in Today's Veterinary Business. Click here to read it.