6.9 Planning for Retirement

Successful Moo Duk Kwan Studio Ownership

6.9 Planning for Retirement

As you organize your financials and pricing strategy, you should also look ahead for your personal savings and retirement. Running a Moo Duk Kwan® studio can create a long-term career for you as an instructor and business owner. Retirement income originates from several options:

* Stock investments

* Tax deferred investment accounts

* Commercial Real Estate – owning the building you’re teaching out of

* Rental Real Estate – Condos, homes, apartments to rent

* Other investments

You should start retirement savings early and plan for it in your business plan for your studio. It is highly recommended that you engage with a professional financial advisor as you start your studio in order to learn of all the options available to you.

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