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#8: How Do You Make Sure You Never Run Out of Cash?
Business Made Simple Podcast
How to Start a Side Hustle
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If your profit is at five times the operating expense account, you should have half a million dollars in it. Take $100,000 out of that profit account and put it in a fifth account, which is investment holding. And when there are opportunities to buy investments, that's what you do with that account. Every year that we can, we fund a SEP IRA. So that's $54,000 tax free that you get when you're old,. I think it is like 55 and a half or something like that.
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