Every Entrepreneur should have buckets for their money and the decisions for where their money should go are set before your money comes in. The number 1 money rule needs to be set aside money for tax time.
Simple Money Rules
Run a Profit and Loss Monthly
Put away money for taxes into a separate account. Rule of Thumb (30%)
Pay yourself
Giving (10%)
Necessities (10%)
Low Risk Investments (10%)
High Risk Investment (5%)
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