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CIL | Diversity is important. As farmers we're already heavily into commodities, so having some eggs in a different basket is a good idea.
You already know budgeting, but like others say, pay yourself first. Make sure your retirement contributions are made, even if at times you may have to....borrow a little more operating money, or go for a longer term loan on bigger ticket items. Compounding interest adds up and retirement accounts run for decades, so much more implications than a 5 year machinery note.
If you are wanting truly professional help in putting a comprehensive plan together, find a certified financial planner.
Some work on commission, others for a straight fee. They put you the client first.
http://www.letsmakeaplan.org | |
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Best way to save $ for retirement
