Could 2% of Elon Musk's Net Worth Help Solve World Hunger?

The director of the UN’s food scarcity program suggested recently that 2% of Elon Musk’s wealth could help solve world hunger.

How much is that, exactly?

See Trivia Answer below ⬇️

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🤔 Should I Separate My Personal and Business Financial Acounts?

If you're self-employed or an entrepreneur, you might be in charge of your business' finances as well as your personal finances.

🙋 Yes, you should always keep your personal and business financials in separate accounts.

There's a few different reasons why it's important to keep these financials separate:

1. It's easier to see what goes in and out of your business

Separating your business financials into its own bank account makes it easier to see what goes in and out of your business. If you intermingled your personal and business finances, you'd be doing extra work to keep track of which income and expenses were business and which were personal.

2. It keeps you honest

It's easy to take more money out of your business and put it in your own pocket if all of your financials share a bank account. A separate business bank account helps keep you disciplined.

3. It leads to more efficient accounting

Justin Green, a CFP we interviewed for The Cash Flow Show, recommends having multiple business bank accounts to split taxes, expenses, and profit. This can lead to a better accounting system for your business.

In Pulse, you can separate your personal and business bank accounts using Financial Accounts. Toggle different Financial Accounts on and off to drill down into the cash flow of each, or toggle them all on to see a full picture of your cash flow.

New to Pulse?

Check out this video tutorial and written guide to get started on the path to cash flow clarity.

Trivia AnswerTrivia Answer

2% of Elon’s Net Worth = $6 Billion

✅ Take a moment to wrap your head around that number.

Done? That means his net worth is $289 billion. Here's why David Beasley thinks it could help. Note the correction at the bottom of the article and you’ll understand why we’ve made sure to phrase things carefully.

See you next month!

As always, your success is our top priority. Be sure to reach out to if you need help with anything.

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The Pulse Team