Daniel Latto Net Worth


I don't like the words 'Net Worth' as it's frankly meaningless of your day to day lifestyle.

I mean - how much is a property portfolio worth , and says who ?

And how much is a business worth ?  What someone is prepared to pay for it ?

Or how much I'm prepared to let it go for ?  Or maybe that cash that it's generated is better spent on something different, that adds value to your life in a different way, like a nice car, a speed boat or some Bitcoin.

Nope - I think net worth is an over rated sham - a 'Millionaire' can have a million pounds of equity and still not be able to pay their bills.

Likewise, someone who brings in 10k a month for the rest of their life automatically will never have to work another day in their life.

So instead we use SPARE MONTHLY CASHFLOW.

This is after ALL your expenses, and is what you have to spend on investments, or silly stuff or to give away to charity.

That's the key to life.

If I had the choice of being a 'Millionaire' (but only on paper, as in equity) - or earning a monthly income that covers everything you need and more for the rest of my life - I'd take the 2nd one without a moments hesitation.



daniel latto and bumble dog

This dog doesn't care how much money you have or what your net worth is, it just wants to eat, play and go for walks and be loved.

Favouring cash flow over net worth is a strategy increasingly embraced in financial planning. Cash flow, essentially the money moving in and out of your finances, offers a dynamic and practical approach to financial health. Unlike net worth, which represents a static value of assets minus liabilities, cash flow is about the liquidity and usability of your money.

High net worth, while indicative of wealth, can be misleading. Assets contributing to net worth, such as property or stocks, might be illiquid or subject to market volatility. They don't necessarily translate into accessible funds for everyday needs or emergencies. On the other hand, robust cash flow ensures that you have a steady stream of income to cover expenses, pursue investments, and enjoy life without needing to liquidate assets.

Additionally, cash flow provides a more realistic picture of financial health. It accounts for regular income and outgoings, offering insights into spending patterns, saving capacity, and investment potential. This real-time understanding of finances is crucial for effective financial planning and decision-making.

While net worth is an important indicator of wealth accumulation, cash flow is more representative of financial freedom and flexibility. It enables individuals to manage their finances proactively, adapting to life’s changes and opportunities more effectively.

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