Mark Evans DM discusses his approach to personal financial management, emphasizing cash flow and clarity over net worth. He describes net worth as an "ego number" that can't be used to actually pay debts, contrasts it with cash flow which he prioritizes, mentions complexity from multiple LLCs and bank accounts, and notes that sitting down with his wife to create a one-page clarity document helped him.
I put myself as a 10. Even today, there's so many moving parts. I don't know how many LLCs I have bank accounts if you get nothing out of it. Just getting clarity of the one page. I don't know if you guys do this, but the thing that helped me was sitting down with my wife because I don't worry about net worth. I genuinely think net worth is an ego number, not a real number. Because I can't. You don't believe me? Go call your bank that owns your house and say, hey, I'm going to pay you today in full with my net worth. They're going to laugh at you and call the ST Asylum. It does not work. But cash. I'm always focused on cash flow. That's all I think about.
