Borrow Smart, Repay Smart: Prioritizing Your Cash Flow

Dear Borrow Smart Family,

Managing your bills can be a juggling act. While ideally we pay everything off and save to our heart’s content, reality shows us that income waxes and wanes over time.

A foundational piece of advice that isn’t always shared, is that the order in which you prioritize your cash flow decisions can greatly impact your financial position over time. While paying off your mortgage right away can seem like a no-brainer, there are a couple of other steps to consider:

#1 Establishing cash reserves (Check out my popular budgeting video here)
#2 Eliminating “bad” consumer debt
#3 Building liquidity

I go more in-depth on my whiteboard here:


How might changing the order of your cash flow decisions influence your financial position over time? Let me know in the comments below!



About Trevor Hammond

Trevor Hammond, NMLS# 74846 Division Vice President, Neo Home Loans πŸ“ž (503) 680-5360 πŸ“§ πŸ“ 4380 S Macadam Ave, #150, Portland, OR 97239 🌐 Connect with me on LinkedIn:
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