Comments on: The No Debt Plan: Step Two: Achieve Free Cash Flow

By: Kerri

Kerri — Tue, 06 Oct 2009 00:28:45 +0000

In the realm of “where do you currently stand?” there’s a new site that’s a simple step one for budgetary novices: http://www.debtspark.com. It’s basically like a spreadsheet where you can store and track very basic info that’ll give you a financial snapshot (negative or–hopefully!–positive cash flow).

By: Never Underestimate (or Overestimate) Small Savings or Income Opportunities

Never Underestimate (or Overestimate) Small Savings or Income Opportunities — Mon, 25 May 2009 01:20:13 +0000

[...] etc then you might not have much money left over (if any). For some people the left over money might even be negative (this is not [...]

By: Carnival of Personal Finance # 145: Baby Education Edition | Million Dollar Journey

Mon, 24 Mar 2008 13:21:32 +0000

[...] from No Debt Plan writes about The No Debt Plan: Step Two: Achieve Free Cash Flow, and says, "Positive cash flow at the end of the month, even if it was just $1, is a huge step [...]

By: Fiscal Musings

Fiscal Musings — Thu, 20 Mar 2008 18:54:01 +0000

This is the only way to begin accumulating. It has to start with this.

By: JB

JB — Thu, 20 Mar 2008 13:18:49 +0000

Yes! I believe this is the MOST IMPORTANT step! You have to have a positive cash flow… no matter how you do it – second job, cut the cable, ask for a raise, decreasing spending… you have to have this! Great post.

By: Mr. Debtbeater

Mr. Debtbeater — Thu, 20 Mar 2008 13:14:39 +0000

Good points. The biggest struggle for us was to migrate from a negative cash flow to a positive one. (And we’re still barely considered in a positive cash flow at the moment.) Our next step is to get more aggressive about HOW MUCH of a positive flow we can get to help us reduce debt even faster. Living just above the line doesn’t really solve the problem, it just puts it off awhile.