After a tiring day, I don’t really feel like putting out an article that was supposed to be meant for this Sunday.
However, there are some comments to be made.
How Should A Financial Adviser Manage His Own Money?My friend Jason here heeded my call to have more self-employed folks show us how they manage their variable income, or how they kick start their business in the initial years.
Jason applied my Phase 1 and 2 planning. He worked out how much is his Essential expenses ($24,000 a year).
He would have a 1-year runway to proof that he could get business off the ground.
You can see how he is going to get a diversified stream of advisory income going forward. I think the family (his wife and himself) is being pragmatic about it.
To be fair, if phase 1 for this kind of business lasts 1 year,
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