82. Business Money 301: Cash Reserve

9.17.24 - 82. Business Money 301: Cash Reserve

Get my Monthly Newsletter here

This episode talks about the importance of maintaining cash reserves for solo consultants. Erica discusses the reasons for having a cash reserve, such as covering unexpected expenses or taking advantage of sudden opportunities.

(00:00) Introduction to the Podcast

(00:51) Today's Topic: Cash Reserves

(01:05) Why Keep Cash Reserves?

(01:24) Examples of Cash Reserve Needs

(03:45) How Much to Keep in Reserve

(05:10) Where to Keep Your Cash Reserves

Related Episodes:

3. Business Money 101: Overview

4. Business Money 101: LLCs & EINs

5. Business Money 101: Business Insurance

6. Business Money 101: Bank accounts

7. Business Money 101: Bookkeeping

44. Business Money 201: Intro 

45. Business Money 201: Paying the IRS

46. Business Money 201: Paying Yourself

47. Business Money 201: Charitable Giving



Connect with Erica | LinkedIn | Website | Newsletter

******

FREE TAX GUIDE for COACHES - Get it here!

Previous
Previous

83. Unlocking Early Retirement: Joel Clermont's Story

Next
Next

81. Teaching Kids About Money with Will Rainey