A short YouTube clip by Richard Canfield advising viewers to manage cash flow and liquidity by "warehousing" capital: keep money available for daily needs and larger planned expenses while placing it where you retain control, potential for uninterrupted growth, protection for family/business, and tax-preferential treatment.
Chapters
Banking is a process and it is relatively transactional. Money has to move from one place to another in a relatively short period of time. You need to warehouse capital, because eventually you're going to need it. You need it every day for something, and on a regular, semi regular basis, you need it larger amounts for bigger ticket items, things like your vacations, your. Your large purchases, major investments that you do want to make. And you want to be able to store that capital in a place where you have the most am of possible control, the highest potential for it to consistently grow without interruption. You probably want to have some protection for your family and or your business, so that if something does happen to you, a boatload of tax free money shows up. And you want to be able to have the highest amount of influence over the future potential of your capital as it grows in a tax preferential environment.