As mentioned previously, personal finance is like running a business. I briefly described my method to visualise net worth (Balance Sheet) in order to stay motivated to save / invest more. I also shared on how I categorise and track expenses (Income Statement) which gave me the shameful insight that I ought to take less taxis and more MRT / bus rides instead. This post is to cover the third part of the financial statements – Cash Flow Statement. Personal finance 101 states that the secret to financial freedom is to first, spend less than you earn. Business 101 states that cash, the blood of the business, needs to flow smoothly. As an average adult in his late 20s earning a paltry salary, it is of utmost importance that every dollar is directed to the right areas of my life. ~50% of the monthly cash inflows are moved into forced...