Debt Free In 30

On today’s show, recorded in July, 2018, I give my thoughts on what the bankruptcy of Tesla Inc., the electric car company, can teach us about how we manage our own personal finances. And yes, I realize that Tesla is not (yet) bankrupt, and in fact they have a market value of approximately $50 billion (in US Dollars), which is comparable to the market value of General Motors, so on the surface it appears that everything is going great at Tesla. Perhaps, but looks can be deceiving. Is someone who drives a new car successful?  Perhaps, or perhaps they are leasing it, and can’t afford the lease payments.  Outward appearances do not tell the entire story. When I use my skills as a chartered accountant and Licensed Insolvency Trustee to analyze Tesla’s financial results, I see the same warning signs that I see with my clients just before they file bankruptcy.  What are the warning signs? First, negative cash flow.  At the moment, Tesla has a negative cash flow from operations of over $100 million per month.  My cl