Its a classic line and one I refer to a lot – and I love the movie too (for more information, you’ll just have to sign up to my exclusive ££99 value ecourse).
So what does it all mean?
Well, for most people in business cash is king. Without cash, you can’t pay your bills, you can’t invest in your business, you can’t save money for emergencies, you can’t pay yourself!
Yet, many property investors struggle along from month to month losing money hand over fist whilst trying to get the next cashback deal which even then just gives them another debt to worry about – with no real regular cashflow to show for it.
How do you get out of the vicious circle once you’re in it? Well, its hard but you need to start by focusing on revenue-earning opportunities and ways to improve your cashflow.