The rhythm of money

Written and accurate as at: 10 March 2012

Many business owners will attest to the fact that infrequent or lumpy cashflow is much more difficult to manage, and often more stressful than a steady and rhythmical flow of cash. This is why many people need weekly, fortnightly, or monthly income and expenditure patterns to find their financial rhythm.

Importantly, you can improve your rhythm through a regular job or stable business. You can add to this by regular repayments on loans, regular contributions to superannuation, regular acquisitions of assets, and for the retirement years, regular drawings from superannuation (by using an account based pension for example) or drawing in a regular and measured way from other assets such as property or shares.