EP 21: Mastering Cash Flow: Your Key to a Seamless Transition to Tiny Living
← aLL podcast EPISOdes
What you’ll learn in this episode:
Where many people get stuck on their journey to tiny living.
How tiny living can increase your cash flow.
What a fixed expense is.
How to calculate your cash flow.
What you may need to consider for your tiny pivot.
Today we're going to be discussing the concept of cash flow and its significance in the journey of transitioning to tiny living. Cash flow, the ebb and flow of financial resources into and out of your household, plays a crucial role in increasing your net worth over time. It is also, of course, how you can pay for essential living items. In this episode, I'll explain the important considerations before purchasing a tiny home, including location and upfront costs, which are significantly lower than traditional homes.
Listen in to learn about the unique financial needs that arise during this transition, something I refer to as a "tiny pivot." You’ll gain insights into budget adjustments and managing expenses, ensuring a smoother and more secure shift to a minimalist lifestyle. If you're contemplating the move to tiny living or seeking financial clarity, don’t miss this episode!
Resources mentioned
Laura Lynch: LinkedIn
Quotes from the episode
“Cash flow is all of the money flowing into your household and all of the money flowing out of your household, and some of it is hopefully getting stuck in your household and increasing your net worth over time.” - Laura Lynch
“For what I call a tiny pivot, there are a lot of thoughts about what the budget looks like now, what the spending will look like later, what lumpy needs there are in the middle and how to pool and deploy the cash towards these important expenses both now and on the other side of your transition.” - Laura Lynch
“When making a transition to tiny, it is often different than making a transition from one house to another in the regular sense. ” - Laura Lynch
Subscribe to the podcast
Apple Podcasts | Spotify | Stitcher | Amazon Music | Google Podcasts | RSS
