Topics Include: The importance of understanding our beliefs and associations with money and having an abundance mindset What a budget is and is not The importance of budgeting your income conservatively and your expenses liberally The goal is to generate enough income to cover business and personal expenses and put money away into savings and investments Step 1 - Save 90 days worth of expenses for business and personal as an emergency fund (later goal is 6 months to 1 year) Step 2 - Pay off debt as fast as possible to alleviate yourself from the monthly payments and free up that income (student loans, car/trailer payments, credit cards, etc) Colton’s approach to budgeting: 1. Establish known expenses first (fixed and variable expenses) 2. Calculate known income (fixed income) 3. Determine if your known income is enough to cover your expenses How to use the Hay and Grain Cost Calculator How to use the Horse Training Budgeting Calculator