If you wanted to, could you sell your business?
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My grandfather wasn’t interested in selling and to this day, the property is still owned within the family. At that time, my father made a comment which has since stuck with me, in that he said “they aren’t planning for the next 10-20 years, they are planning for generations to come.” It struck a chord and continues to do so as over the past few years, I’ve seen more and more business owners focusing their efforts on the next 30 – 60 days without regards to how those actions will effect the next 10 years of their company and their family.
In college, I was a double major in Business and in Economics and then later received a Masters in Accounting, so, needless to say, I like numbers.
The thing that fascinates me is how you can invest a little money now to pay for expenses in the future.
If you are in your 30’s, what can you do now so you can retire at 50?