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All right, now we're talking about cash again. Specifically, we're talking about cash management
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the managing of your cash. This is really pretty straightforward when it comes to business. When
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you're dealing with cash management in business, it's really a two-fold approach. It is, one
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it's going to be plan cash receipts to meet cash payments when due. I want to make sure that I have
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enough cash to pay for all the cash obligations that I have. If at all possible, I don't want to
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go into debt, okay? I want to pay for cash, so I want to make sure I have that cash on hand to pay
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for all of my bills. Secondly, I want to keep the minimum level of cash necessary to operate
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I don't want to have an overabundance of cash because I want to make my cash make me money. So
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I need to typically put it in some other kind of vehicle. I don't want to just sitting in a bank
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account doing nothing essentially. The interest rate that you're going to get is almost nothing
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I want to actually be using it to make money. So I'm only going to keep a minimum level of cash on
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hand to be able to operate and the rest of them I typically want to invest to make more money as
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the business. So when you're dealing with cash management, that's the key. Those two things is
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the key in order to manage your cash well for a business and personal. Appreciate it
