Matt Schwartz
๐ค SpeakerAppearances Over Time
Podcast Appearances
And it gives me peace of mind.
It allows me to sleep better at night and creates a lot less anxiety in my life.
Cause I know exactly how this money needs to flow.
That grows over time.
Yeah.
Yeah, so I let it grow because I, one, want to make sure I've got security.
Two, I want to make sure that if I want to hire someone else someday, you know, that that's a way to, you know, fund that.
Three, be great to be my own bank, opposed to relying on, you know, a credit line or something, right?
So all about, you know, business health for the long term, not just focusing on the short term year to year.
Yeah, I mean, I do have a 401k in the business.
I can save up to $53,000 a year, although that does trigger some significant contributions to my key employee.
So, you know, there's a lot of ways I could really aggressively save, which is fantastic.
But one thing that Mike Michalowicz always focuses on, because he's also an owner of many different businesses, is he gets them all on the profit first philosophy.
So he can basically monitor exactly that, you know, where the health of those businesses are day in and day out.
So might be something you you think about moving forward if you do get involved in other businesses that you're not running.
Yeah.
So over the last three years, it's ranged from $85,000 all the way up to $109,000 last year.
Correct.
Correct.
uh, at any given time we're working with five to six different clients.