Your success is gauged not so much on how much money you make, but rather on how much money you keep.
As you establish your business, insert a long-term personal savings plan into your budget. Why? As an owner-operator, you’re self-employed which means no company will be making contributions into your retirement portfolio.
This whitepaper identifies ways to control spending as well as the pros and cons of different types of retirement accounts such as IRAs and 401(k)s.