Steve Meldrum of Swell Private Wealth on Cash flow and budgeting during Covid 19

Today we had the opportunity to speak with Steven Meldrum, Owner of Swell Private Wealth.

One of the key takeaways for me in today's call were the comments about "cash flow." Although we spoke about dentists, any small business needs to be asking some serious questions about their cash flow right now - and for their future planning. If there was ever an opportunity to really sit down and ask ourselves, "what is coming in, and what is going out?" it is now.

Lindsay and Renee have been talking about cash flow from a personal perspective through the COVID 19 crisis. We’ve been doing some basic budgeting and trying to cut costs where we can. We’ve uploaded our personal budgeting spreadsheet for your reference! Refer to our blog post to download your own copy of our worksheet!

It was also very interesting to hear that life insurance underwriting is happening almost totally with Artificial Intelligence now. It's amazing to see the progression in multiple industries and the acceleration of "couch based service" in our new reality!

Thanks for your time today, Steve!