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

Since 1998, Trevor Hammond has helped thousands of families finance their homes and make smart decisions when it comes to their personal finances. Now, as a sought-after mortgage advisor, coach, speaker, and author, Trevor Hammond continues to focus on helping people enjoy more money, less stress, and more life. As the co-author of Borrow Smart, Repay Smart and his 2018 follow up book, Mortgages, Money and Life, Trevor has created unique financial coaching programs and spoken in front of thousands of people on his book concepts ranging from improving cash flow and savings, managing liabilities, to advanced real estate financing strategies for homeowners. His passion for providing financial education and his ability to innovate unique processes that help both clients and originators excel, has led Trevor to become a top producer and build a #1 branch in the country for mortgage lending company Sierra Pacific Mortgage. Whether Trevor is speaking to hundreds of people from the stage, working on his next book or mentoring a Loan Officer one-on-one as a High Trust™ Leader, he is pursuing his greatest passion of all: Coaching.
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