CASH IS KING

When you hear "Cash is king" what comes to mind?

 

Cash is king is used to analyze the importance of a business and consumer household's financial health; without the necessary cash in hand, these entities may go bankrupt.

Without proper cash in hand, most businesses lack cash than lack of profit; the company might not do the simplest things like paying monthly expenses.

Cash is an important class in the asset class; people want their money to grow, so they immediately put their money in stocks, so they immediately put their money in stocks, bonds, or real estate, which is good, but it is also essential to keep some in liquids.

Keeping cash in hand or investments easily accessible and not prone to loss, like treasury bills, commercial papers, and savings accounts that are not affected by maintenance fees.

FINAL NOTE:

Whether you are an individual or a business, it is essential to know the importance of cash.

You need to keep cash running to avoid the possibility of bankruptcy to provide room to grow and expand. For individuals, this prepares you for unforeseen circumstances.