Good Credit Is The Catalyst To Cashflow

Cash flow empowers you to pay your bills on time, reduce the cost of your debt and minimize the need for debt. Doing this has three positive effects. When you pay your bills on time, it results to a great credit score. This provides you with unlimited access to the bank’s money and supercharges your earning potential. Second, because you have excellent credit, you qualify for the best rates on financial transactions including loans and insurance. The lower interest rates result in lower monthly payments, creating yet another opportunity to create cash flow. Finally, it allows you to pay cash for things most people incur debt to obtain. By simply saving the monthly cash flow, you can now pay cash for clothes, furniture, cars, and within time even purchase assets without ever having to obtain a loan.