Business
I came on as a guest in a friends business mastermind to chat about money management and wealth building for business owners and entrepreneurs - and I've added some sections of my chat with them here for you to listen in on. Here are a few top line takeaways: 1. Know your four numbers around your business... that's: Knowing your sales, revenue, profit and income numbers. 2. Split your business and personal income accounts. You are not your business... so it's important to split your money and treat your life and your business seperately. 3. Have other wealth vehicles and ensure you're investing. So many entrepreneurs spend a lot of time and money on their business. Time spent growing their own business, and money investing back in to the business. I often see business owners then spending less time and money on other wealth building vehicles... like creating an investment portfolio. Banking on that one business succeeding is only ONE income stream, and may not be a future asset that pays you money, unless you're working in it. The goal? Always to have assets that pay you money without taking up your time. Which is why Investing Bootcamp exists - to show you how to manage money and create an investment portfolio that builds you wealth in your sleep. Find out more about Investing Bootcamp here: www.investingbabe.com xo Simone --- Send in a voice message: https://anchor.fm/kissmymoney/message