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ART OF THE FLIP: Getting Money Smart

When dealing with money, it can sometimes get uncomfortable, overwhelming, or just a blur and stressful at moments.

Here are some basics we've learned along the way that's helped us from ground zero.


When you talk and deal about money, there's really only 5 main symbols you need to know off top of your mind for the daily money management tasks:

  • Plus (+)
  • Minus (-)
  • Divide (/)
  • Multiply (x)
  • Equals (=)

And in which you need to mainly need to know 2 main key aspects:

  • Income - money going into your pocket
  • Expenses - money going out of your pocket

 We figure this out with the help of knowing 3 sources below:

  • Cash / Debit - How much money you have on hand
  • Credit - How much money you can borrow or use
  • Debt / Loans - How much money you owe


Take some time to think of all the things you're spending money on (expenses). And if you have no expenses at all at the moment, you're at the best place to start.

A key element is to keep your spendings as low as possible, yet with the income or money on hand as high as possible.

It will help you see what's actually going on when you list them down.

Here's an example we can go by:

  • 1/01/19: + $100 @ Cash (on Hand)
  • 1/01/19: - $10 @ Fast Food
  • 1/01/19: - $30 @ Gas
  • 1/03/19: + $20 @ Gift Card
  • 1/08/19: - $25 @ Arcades
  • 1/12/19: - $10 @ Movies

In this case, anything that isn't important or related to business should be minimized or canceled out as much as possible.

If we were to add up all the Income and Expenses, here's what it would look like:

  • Income: $120
  • Expenses: -75

So $120 -$75 would leave us with $45 on hand.

Imagine if you didn't spend money on stuff that wasn't needed or necessary for you to run business. We're talking about the Fast Food (-$10), Arcades (-$25), and Movies (-$10) here.

That could be an easy extra $45 in your pocket, and you would have $90 to use if you didn't do those things.

Not to say that those things are bad, but you want to separate the money you spend for business vs personal separately as best as possible.


The bank is your best asset. They help you keep track of your money, provide you records of where you spend and earn your money from, and they even can give you more buying power (Credit) towards things you may need in life such as a New Car, Rent a Home, etc. This is just a couple things the banks can help you with.

Now, before you can apply and actually get a Credit Card you need to be at the age of 18 and have some kind of proof of income - to show that you can be held accountable to pay off any loans they give you.

If you're not quite there or able to yet, don't worry. You can still open up a separate Checking account which we highly suggest you do for your business. Some folks may prefer to open a new account with a different bank that way they know for sure the two doesn't get mixed up.


Whether you're dealing with business or not, money can always be a tricky thing to manage. It's tough not having enough of it, and it's just as tough having more of it.

As they say: "More Money, More Problems" LOL.

We hope that you can leave this blog, remembering these key takeaways:

  • Keep It Simple - All you really need to use is Basic Math when dealing with money. Don't try to do complexed algebraic equations.. it's not necessary and it will most likely hurt your brain more through the process. HAHA So leave that complexed extra work for the pros (CPA - licensed accountant) when you're ready to hire one.

  • Less Keeps More - Manage cashflow by Income vs Expenses, and lessen expenses as much as possible for higher kept income. Wealth comes to what you're able to keep and reinvest into your business for growth. Not what you're able to spend on and loses value.

  • Leverage The Bank - Have multiple checking accounts. Keep personal separate from business at all times, so you know what's working for you and what the business is really bringing in and spending out.


We'll talk about the starting point, and things that may be useful for you on-the-go as you start your journey of the flip game and eventually embracing entrepreneurship. 

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