E84: Handling Large Cash Influxes

The Mills Knows Bills Podcast: Mastering Money and Handling Large Cash Influxes In this podcast episode of the Mills Knows Bills, CEO and Founder Mills Bender has a deep financial discussion with a guest, Doug, who shares his success in building sales teams for Fortune 500 companies and his recently founded individual coaching and consulting endeavor. Mills advice is targeted largely towards variable income earners and his episode focuses on discussing strategies for managing a sudden influx of cash. Mills' suggestions include prioritizing the development of a fully-funded emergency fund, paying off any debt over 10%, and correctly diversifying one's investments. Doug and Mills also discuss the need to delegate roles in business to surpass the seven-figure revenue ceiling. The podcast offers free resources and coaching services to help individuals level up their finances. 00:00 Introduction to the Podcast 01:03 Guest Introduction and Conversation Start 02:22 Guest's Financial Question: Handling Large Cash Influx 04:12 Strategies for Managing Large Cash Influx 08:36 Guest's Reflections and Insights 12:11 Guest's Business and Contact Information 14:38 Closing Remarks and Podcast Disclaimer KEYWORDS: Mills Knows Bills variable income earners master your money paycheck to paycheck guest hosts financial question sales teams small business owners emergency fund outstanding debt large cash influx investing back into the business diversify investments celebrating the win debt payoff