It’s not just enough to launch a profitable and successful rural business; you have to learn how to make real money moves to use your money optimally.
You have to learn how to use your money to take care of yourself and your family.
Here are eight smart real money moves successful rural bloggers and businesses use to keep their cash flowing.
For those with many assets, it is crucial to have air-tight wills and trusts.
You don’t want the State to determine who gets your property!
Life, health, disability are all commonplace.
Get enough liability insurance to protect your business.
Disability insurance offers protection if you cannot work for a period of time.
Successful people plan for success; and they plan for failures.
That’s what enables them to keep going when failures happen.
Not everybody needs a financial advisor.
Even with a financial expert, you need to understand your own finances.
A good accountant ensures that you keep as much of your earnings as legally possible.
In many cases, the accountant, financial advisor and an attorney work together as a team.
Conservative successful people tend to shun extravagance.
They generally don’t overspend on a principal residence.
Many follow the rule that the value of their home should be no more than twice their annual gross income.
Many successful people live on no more than 50 percent of their net income.
They save and invest 30 percent of their net income, and treat themselves for their hard work with no more than 20 percent of their net income.
Those with a great deal of real money do what they can to maintain a strong marriage, which they cite as an important factor in making real money moves.
About: I’m the author in residence of RuralMoney.com. Unfortunately, I am also a person with disabilities. I have severe Rheumatoid Arthritis. I love to share what I know and practice to help others survive and thrive in rural areas.
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