When Should You Start Paying Yourself? | Ep. 287

So you started a business, and things are going great. You're killing it... you're inevitably going to ask yourself "When should I start paying myself?"When you've created a sustainable business, you're ensuring you can afford to pay yourself fairly. This not only benefits you, but also lays the foundation for future growth and the ability to step back. So here are the steps I took when decided it was time to start paying myself:Establish financial stability for yourself first.Determine your ideal profit margin.Pay yourself the difference to reach that margin.Aim to pay yourself market rate as soon as possible.LEAVE A REVIEW if you liked this episode!! Let’s Connect On Social Media! youtube.com/anthonyvicino twitter.com/anthonyvicino instagram.com/theanthonyvicino https://anthonyvicino.com Join an exclusive community of peak performers at Beyond the Apex University learning how to build a business, invest in real estate, and develop hyperfocus. www.beyondtheapex.com Learn More About Investing With Anthony Invictus Capital: www.invictusmultifamily.com Multifamily Investing Made Simple Podcast Passive Investing Made Simple Book: www.thepassiveinvestingbook.com

There are no comments yet.

Please log in to write the first comment.