Quick Insight
Cash savings isn’t glamorous, but it’s the foundation for your freedom and integrity. It’s the freedom to be true to yourself. It’s freedom to be bold. It’s freedom to take chances and still land on your feet when they don’t work out.
“One of the reasons people fail to reach their potential is the pressure they feel to take care of pressing financial needs… being overextended makes it terribly difficult to pursue your skills and passions. It also makes it much harder to speak up, push back, and generally do what you believe is right. Saving your money at various points in your career may make it more likely you’ll make much more money later. Why? It’s because it will allow you to exert a greater degree of leadership and make better career decisions when it counts.” – Robert Steven Kaplan in What You’re Really Meant To Do
Many people think of financial freedom as retirement and spending your time as you wish. Before that, it’s the freedom to be true to yourself. It’s freedom to be bold. It’s freedom to take chances and still land on your feet when they don’t work out.
You don’t truly own your business when it’s survival rests on one customer or one transaction. Some say cash in the bank isn’t working for you. When you don’t have cash in the bank, you’re working for whoever will give you the next dollar you so desperately need.
Cash savings isn’t glamorous, but it’s the foundation for your freedom and integrity.
I wish you the cash to reach your fullest potential. I wish you well.
- Rob Stephens
Further Insight
CFO Perspective Resources
Get all the CFO Perspective resources with a FAST (Finance and Strategy Toolkit) membership.