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Podcast: Belk on Business
Episode: Don't Eat the Fruit - Episode 119
Description: Don’t Eat the Fruit
“Don’t capture the spoils of your wealth. Eat some fruit, save some fruit, give some fruit and plant seeds”
1) Cultivate the tree – tree needs water and sunshine. Water by developing and investing in yourself and the skillset of you and your team. Sunshine represents self-care, getting proper rest and exercise.
2) Personal financial principles … Post tax … budget, save, give, and invest. Within the investing percentage – apportion to aggressive, moderate, conservative. Diversify with investments
3) Businesses can take a similar approach – budget, save, give, invest. Budget to include owner salaries, operation c...