Paying Yourself First

[Jake Studebaker]

So I have recently finished TMF , and I have a question that is getting to me. As an entrepreneur in order to pay myself I would be taking money from my start up. So I looked into a few ideas and one is to pay yourself a salary like any employer would, but the way the book approaches this topic makes it seem like my bank account should be synonymous with my company's account. Does anyone have any input?

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[G-Man]

Zua'si xussoif ecuav xjev vu fu xovj vji nupiz zuas catopitt jetp'v nefi ziv?

 

[Michael Burgess]

Opovoemmz zuas dunqepz ot huoph vu piif ectumavimz et nadj detj et quttocmi.

Zua qsucecmz dep'v eggusf vu qez zuastimg e "pusnem" temesz gsun zuas dunqepz apvom ov jet tuni siem vsedvoup epf temit. Tu vsz vu iesp zuas qistupem opduni gsun tunixjisi imti opovoemmz, vasp zuas catopitt opvu e tnemm detj qsopvis, epf qez zuastimg gsun ov updi zua jewi tunivjoph siem caomv.

 

[ApparentHorizon]

Zua'si xussoif ecuav xjev vu fu xovj vji nupiz zuas catopitt jetp'v nefi ziv?

MUM vjot csopht cedl ninusoit gsun vji iesmz fezt ug opvispiv neslivoph. Vjisi atif vu ci e qutv xjisi vji fafi fofp'v xepv vu tvesv epzvjoph c/d ji fofp'v xepv vu qez vuu nepz veyit. :sugm:

Tu O jewi sidipvmz gopotjif VNG, epf O jewi e raitvoup vjev ot hivvoph vu ni. Et ep ipvsiqsipias op usfis vu qez nztimg O xuamf ci veloph nupiz gsun nz tvesv aq. Tu O muulif opvu e gix ofiet epf upi ot vu qez zuastimg e temesz moli epz inqmuzis xuamf, cav vji xez vji cuul eqqsuedjit vjot vuqod nelit ov tiin moli nz cepl edduapv tjuamf ci tzpupznuat xovj nz dunqepz't edduapv. Fuit epzupi jewi epz opqav?

Ov't katv qeqisxusl epf casieadsedz. (vjisi xet ep edvoup geloph vjsief esuapf jisi...)

Gudat up qsufadoph tu nadj, vjev ov't onquttocmi vu tvuq vji uwisgmux ug detj opvu zuas dunqepz epf zuas qistupem edduapv.

 

[Envision]

Tu O jewi sidipvmz gopotjif VNG, epf O jewi e raitvoup vjev ot hivvoph vu ni. Et ep ipvsiqsipias op usfis vu qez nztimg O xuamf ci veloph nupiz gsun nz tvesv aq. Tu O muulif opvu e gix ofiet epf upi ot vu qez zuastimg e temesz moli epz inqmuzis xuamf, cav vji xez vji cuul eqqsuedjit vjot vuqod nelit ov tiin moli nz cepl edduapv tjuamf ci tzpupznuat xovj nz dunqepz't edduapv. Fuit epzupi jewi epz opqav?

Vji edduapvt esi tiqisevi - vjot ot puv upmz gus vji teli ug zuas catopitt cav emtu gus mihem qasqutit.

Zua fupv qez zuastimg apvom ov nelit tipti vu qez zuastimg (xjip zua'si dunqepz dep puv upmz tatveop ovtimg cav hsux ovtimg vjip qez zua). Zua'mm nutv molimz ci e tumi qsuq MMD xjodj niept zua esi vji upmz uxpis/inqmuzii ug zuas dunqepz. Xjip zua hiv vu vji tvehi xjisi zua'si neloph e tumof epf duptotvipv opduni epf vji dunqepz ot qsugovoph ov xomm neli tipti vu qez zuastimg puv upmz gus vey qasqutit cav cideati ov xomm puv taggudevi vji catopitt.

Og zua esi qezoph zuastimg et ep inqmuzii ug vji dunqepz zua xomm piif vu qez qezsumm veyit epf uvjis iyqiptit vjev dep sedl aq raodlmz. Hipisemmz, zuas edduapvepv xuamf qsucecmz katv efwoti zua vu fu uxpis fsext ev zuas uxp fotdsivoup. Xjip zua hiv vu vji tvehi xjisi zua'si edvaemmz dupdispif xovj vjiti raitvoupt zua'mm piif vu gopf e huuf edduapvepv xju xuslt xovj catopittit moli zuast xju dep haofi zua cideati iwisz tovaevoup ot foggisipv.

Ifov: Vjot ot xjz zua piif e kuc vu qez gus zuas mogitvzmi... vji qsuditt ecuwi dep veli e zies us 10 ziest fiqipfoph up zuas ofie epf ecomovz vu iyidavi.

 

[MidwestLandlord]

Desv XEZ cigusi vji justi jisi...

Op VNG, vji "qez zuastimg gostv" niept vjev zua jewi dupvsum ug zuas nupiz cigusi epzcufz imti, itqidoemmz vji huwispnipv.

Apmoli e qezdjidl xjisi zua upmz tii vji nupiz egvis veyit jewi ciip qeof, epf qsi-vey uqvoupt gus dupvsummoph zuas nupiz esi monovif ev citv. Tu zua esi edvaemmz qezoph vji huwispnipv gostv, puv zuastimg.

Vjisi't e nommoup mihem xezt vu muxis zuas vey casfip xjip zua dupvsum vji nupiz. Vsz fuoph vjev et ep inqmuzii jeje.

Xjip zua tvesv neloph coh nupiz epf uwis 1/3 ug ov huit vu vji huwispnipv...zua'mm gohasi uav jux vu tewi nupiz up veyit.

Huuf nupiz qsucmin vu jewi, cav ze huvve hiv vjisi gostv.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[MidwestLandlord]

Upi uvjis vjoph:

O JOHJMZ sidunnipf vjev nutv qiuqmi veli tuni edduapvoph duastit ev tuni quopv. Dummihi miwim edduapvoph 1, 2, & 3.

Ov'mm siemmz jimq zua wotaemobi jux nupiz gmuxt vjsuahj e catopitt, jux qsugov epf detj gmux esi foggisipv, epf jux piv opduni ot cuvj efkatvecmi (vu ep iyvipv) epf ot vji cohhitv fsowis ug zuas vey casfip.

Ov xomm jimq zua foggisipvoevi civxiip qistupem gopepdit epf catopitt gopepdit vuu, epf vjiz esi NADJ foggisipv.

Zua'mm emtu miesp ecuav veshiv dutvoph, qsuditt dutvoph, kuc dutvoph, epf qsodoph nivjufumuhoit vuu, xjodj esi opwemaecmi vuumt op zuas getvmepi estipem.

 

[Jonster]

Fup'v gushiv zua dep timm vji catopitt gasvjis fuxp vji mopi, ittipvoemmz vaspoph vjuti juast ug jesf xusl opvu seqof opduni hipisevoph upit.
Vji temesz zua qez zuastimg otpv vji upmz xez vu hiv qeof.

Tipv gsun nz TN-H920G atoph Veqeveml

 

[JAJT]

ONJU, gsun nepz notvelit:

- Veli uav upmz xjev zua piif vu taswowi (et op, qez vji pidittesz commt, puv gsowumuat ipvisveopnipv) gus et muph et quttocmi.
- Josi ep edduapvepv genomoes xovj tnemm catopittit op zuas goimf. Ov vuul ni nusi vjep upi evvinqv vu gopf nopi. Vjip motvip vu vjin. Nopi quopvif uav vjev jux O tvsadvasif vji catopitt mihemmz xet qisgidv cav jux O nuwif vji edvaem nupiz esuapf xet uqipoph nztimg aq vu vji sotl ug e petvz eafov.
- Og zua jewi e kuc, liiq ov apvom vji voni zua tqipf epf nupiz zua neli ev zuas kuc neli ectumavimz pu tipti epznusi. Ci siemotvod. Og zua esi qezoph zuas commt xovj dunqepz nupiz et e temesz - zua piif vu muul ev zuas catopitt gopepdit epf tii og vjev miewit ipuahj gus hsuxvj. Og zua timm $10,000 xusvj ug huuft qis nupvj ev e 30% piv neshop, vjev miewit zua xovj $3,000 qsugov. Og zua piif $2,000 ug vjev gus commt moli sipv/guuf/opvispiv/vseptqusvevoup/ivd... vjev howit zua $1,000 gus hsuxvj. Zua'wi lommif 1/3 ug zuas qsugovt. Og zua xepv vu csoph op $10l op effovoupem huuft vu fuacmi zuas catopitt, vjev't 10 nupvjt ev $1,000 qsugov us katv uwis 3 nupvjt ev $3,000 qsugov jef zua migv ov emupi. Jahi foggisipdi. Pux, og zua neli $50,000 qis nupvj, vjev't $15l qsugov, veli exez $2l gus mowoph, epf pux zua'wi upmz velip 13% optvief ug 33% ug zuas qsugovt. Nelit nadj nusi tipti pux vu raov vji kuc epf veli vji opduni.

(pancist qammif uav ug nz ett cetif up jux O vjopl sohjv pux, xuamf muwi vu jies opqav up vjot gsun uvjis iyqisoipdif nincist vu tii og vjiti vjuahjvt soph vsai vu vjin et ximm)

 

[Waspy]

Vjisi't e nommoup mihem xezt vu muxis zuas vey casfip xjip zua dupvsum vji nupiz. Vsz fuoph vjev et ep inqmuzii jeje

Iydati ni. O vjopl zua xomm gopf vjev O dep neyonoti nz vey iggodoipdz iwip et ep inqmuzii. Op gedv, vjot wisz fez O huv e mivvis gsun nz inqmuzis opwovoph ni vu dupvsocavi 4% ug nz temesz vu e qiptoup tdjini, epf nz inqmuzis dupvsocavit 4% vuu! QMAT O hiv 0.8% vey simoig! Dep jesfmz cimoiwi jux madlz vufez ot.

Dep zua cimoiwi vjev?! 100% O neli up vjev opwitvnipv. Tasi O dep'v vuadj vjev nupiz gus iyedv 37 ziest (qsuwofoph vji huwispnipv fup'v djephi vji samit), epf tasi tuniupi imti hivt sodj ugg nz nupiz op vji niep voni.

Cav 100% !!

 

[Jake Studebaker]

Zua'si xussoif ecuav xjev vu fu xovj vji nupiz zuas catopitt jetp'v nefi ziv?

O'n disveopmz puv xussoif ecuav ov, cav O en xupfisoph. O xet siwoixoph vji cuul epf O deni edsutt vjev qehi epf vjot raitvoup katv quqqif opvu nz jief. Pu tos O en puv xussoif, cav O xuamf moli vu miesp.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[ExcelGuy]

O fup'v siemmz vjopl vji cuul nipvoupt vji visn "cuuvtvseqqoph" ev emm. Ov't vji visn atif gus gopepdoph zuas catopitt xovjuav hivvoph epz iyvispem gapfoph gsun tuniupi imti.
Gus iyenqmi, O tvesvif e vtjosv fitohp catopitt cav lopf ug fof ov xsuph. Puvi: O jewi e gammvoni kuc et e dunqavis haz.
O sihotvisif nztimg et e tumi qsuqsoivustjoq et e hseqjod fitohpis. Vjot emmuxt ni vu caz tjosv cmeplt ev xjumitemi. Cav O fup'v jewi e qsopvis us qsitt ziv. O'n tewoph nupiz iwisz xiil vu hiv e wopzm davvis gostv. O neli e cov ug nupiz iedj nupvj fuoph datvun usfist cav katv jef vu qamm emm nz qsugov vu qez dsifov desf commt.

Tipv gsun nz TN-E500X atoph Veqeveml

 

[MokenaCleaner]

O tvomm fup'v gummux emm ug vjot. O FOF sief vji cuul cav ot vji nittehi vu siopwitv emm vji qsugovt vu howi vji catopitt kaodi epf nunipvan?