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%)