Money Management part 5

Money Management Tips

We are continuing to develop our series on Money Management Tips.  If you haven’t read the previous articles on Money Management Tips, please read Part 1, Part 2, Part 3  part 4 first.  We’ve moved through financial planning, saving and spending and are finishing up now, growing your income.

Major Income Producers

Major income producers include working for a company, unearned investment returns, owning your own business.

Owning you own business gives you many tax advantages that the ordinary person doesn’t enjoy.  You are the captain of your own ship able to make the decisions, determine your own schedule, and reap the rewards of your efforts.

A reminder of our outline for this series

I. Day to Day Living

  • financial planning
  • saving and spending
  • growing your income

II. Investments

  • Banking and Borrowing
  • Retirement
  • College

III.  Protecting your assets

  • Taxes
  • Insurance

IV.  Planing for your Heirs

We shall continue our series with Investment – part 6

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