Ever experienced a cash windfall? Did you want our expert take on what you should do with it? Then stick around as I geek about it for a hot minute!
But wait… what IS a cash windfall exactly?
A windfall is an unexpected financial gain. Sometimes it may be from winning the lottery or receiving an inheritance, but that’s not what we’re focusing on in this episode. I’m talking about the kind of windfall where you do your monthly accounting and you find a substantial amount leftover. OR you’ve launched an amazing new product and sales skyrocketed beyond your marketing + financial projections.
So, join me in this solo episode as I share my top 5 CFO recommendations on what you can and should do with a windfall of cash.
“When you get a windfall of cash, whatever that looks like, ask yourself, ‘What’s really important to me? What do I want to invest in?'” – Stephanie Skryzowski
What you’ll learn in this episode:
- What is a cash windfall
- Tips on how to best manage your windfall of cash responsibly
- How to avoid issues when you’ve got an influx of unexpected funds
Links mentioned in this episode:
WANT MORE OF THE 100 DEGREES OF ENTREPRENEURSHIP PODCAST?
Follow me on Instagram: @stephanie.skry (Tag me in your screenshots of the podcast and I’ll be sure to share!)
CPA, CFO, CFP? What’s the difference? If you need clarity on which finance pro you need for your organization, then take FINANCE PRO QUIZ – it only takes 3 minutes!
READY TO STEP OUTSIDE YOUR COMFORT ZONE AND MAKE A BIGGER IMPACT?
Click here to subscribe to the show so you don’t miss a thing!