#12- Wealth Rules

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

  1. Run a Profit and Loss Monthly
  2. Put away money for taxes into a separate account. Rule of Thumb (30%)
  3. Pay yourself
  4. Giving (10%)
  5. Necessities (10%)
  6. Low Risk Investments (10%)
  7. High Risk Investment (5%)