Curated Links: 06/03/2024 – Managing Liquidity Risk Matters
Don’t Confuse Budgets and Cash Flows
Cash is the lifeblood of your finances. Without it, you would be hard-pressed to pay your debts, cover your living expenses and prepare for essential savings decisions.
https://legacygenone.franklinmadisonadvisors.com/dont-confuse-budgets-and-cash-flows/
Source: Gen One Legacy
How Family Offices Can Broaden their Risk Mindset in a Volatile Time
A survey shows how leaders are focused on financial risk but are overlooking ways to gain agility and confidence before the next crisis.
https://www.ey.com/en_us/insights/family-enterprise/family-offices-need-broader-risk-mindsets
Source: EY
The 3 Most Common Reasons Why People File Bankruptcy
Too many people still rely on the advice of misinformed friends and family regarding common bankruptcy myths. Bankruptcy is designed to give people a fresh start suffering from financial troubles, and the following three bankruptcy triggers can happen to anyone at anytime.
https://www.abi.org/feed-item/the-3-most-common-reasons-why-people-file-bankruptcy
Source: American Bankruptcy Institute
Emergency Funds Can Reduce Stress
Your savings can bail you out of a situation you may not think of as an emergency.
https://www.kiplinger.com/article/saving/t065-c047-s002-emergency-funds-can-reduce-stress.html
Source: Kiplinger
Why High Income Earners Go Broke: 5 Wealth Killers
An investigative look at the paradox driving 51% of six-figure salaries into living paycheck-to-paycheck.
https://medium.com/illumination/why-high-income-earners-go-broke-5-wealth-killers-0c1320eb221c
Source: Vic Danh