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

As a veteran of the mortgage industry, Trevor Hammond is the co-author of "Borrow Smart, Retire Rich," a Certified Mortgage Adviser and a founding Faculty Member and Contributor to the National Institute of Financial Education ( And he has provided thousands of homeowners with the clarity and confidence to make smarter decisions when it comes to their mortgages and money. In 2013 he launched an entirely new kind of mortgage company: Aspire Mortgage Group, which is committed to educating and empowering homeowners to increase savings, eliminate bad debt, and safely increase net worth. The specialized group of mortgage professionals at Aspire Mortgage Group have redefined what homeowners should expect from a mortgage company. To learn more about Trevor Hammond and our team of mortgage advisors please visit our website at or email Trevor directly: Aspire Mortgage is a Sierra Pacific Mortgage Partner.
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