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By J. D. Joyce

"An making an investment tale that offers insights into facing your cash and discovering monetary securityMaking the precise funding judgements and executing an efficient financial statement may be tricky, particularly in trendy markets. yet with the fitting information you could accomplish that objective. Now, in monetary Crossings, best wealth supervisor John "J.D." Joyce indicates you the way. in line with his real-world studies with Read more...

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An making an investment tale that offers insights into facing your cash and discovering monetary safety Making the suitable funding judgements and executing an efficient financial statement can be Read more...

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Besides, he had a pregnant wife and a 3-year-old daughter at home, and it was up to him to support his family and to make ACS a success. The consequences for his family were too high to accept any other outcome. He would be a success, for he had no other choice but to make it work. ACS made compressors that pushed oil and gas through gather­ ing lines and pipelines to refineries. The business had grown steadily and managed to keep busy through the various booms and busts of the energy business.

Besides, my part in the family is to be the provider. Peg has been the best wife a guy could ask for. ” Rich’s mood darkened. Retirement sounded nice, but how is it relaxing to feel directionless? All those years building the business, working from “can’t to can’t”—an old expression for working from 9 T H E S T O RY O F R I C H dawn to dusk before the sun is out until after it has set. At what cost? Rich knew he was fortunate and, by almost any standard, he was successful. Relative to others, he had friends galore, a beautiful family, and a decent net worth.

Now they’re scraping by. ” “But you would be so good at it,” Ernie said. “I can just see it. ” “That’s nice of you, but let’s hope it doesn’t get to that point,” Rich said. ” Ernie pulled a fly off his hat and handed it to Rich. “Part of the way to stay out of that kind of trouble is to consider your cash flow needs,” Ernie said. “This was probably the best advice I got from my advisor, because it gives me a cushion from the market swings. 17 T H E S T O RY O F R I C H “The idea of cash flow is to figure out how much money you need from your portfolio to subsidize your income stream.

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