I have worked hard for 40 years at a trade, along the way I managed to buy real estate and start a business I have 32 years of
sweat equity in that business and believe me the wolf is always at the door.
Not exact matches
However you do it, putting some of your retirement funds into a
business that you already plan to pour your time and effort into is yet another way your
sweat equity can pay off
in the long run.
In these pages, you'll find story upon story of unique partnerships, innovative
business models and good, old - fashioned
sweat equity to make things happen, regardless of what the budget says.
While it may take a million
in capital to generate $ 40,000 a year
in passive investment income, a «retirement
business» can generate that much income with much less capital: the difference being of course your own ongoing
sweat equity.
While you may be the owner of the dogs and the owner of your dog breeding
business, your spouse may be able to claim «
sweat equity» — basically, a marital interest
in your
business — because they helped you run it.
Then now's the time to value your book of
business — your lovingly tended list of clients and customers — and to draw up a sales plan to ensure that you receive your blood,
sweat, and tears
equity back
in cash.