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The Financial Powerhouse Podcast


Jun 3, 2022

There are a few questions I get asked a lot and one of them is, “How do I pay myself?”

In the entrepreneurial world, there’s a lot of focus on things like business strategy, marketing, scaling, and profitability. And, I’m not saying those aren’t awesome things to focus on, because they are. But what I’ve found is that people don’t focus enough on the mechanics and the nitty-gritty of entrepreneurship… like paying yourself.

So, in this episode, I share the factors to consider when determining how you’re going to pay yourself, the most common ways entrepreneurs pay themselves, why you can’t always just pay yourself whatever you want, how often you should pay yourself, the pieces you need to consider when determining how much you’re going to pay yourself, and more.

Disclaimer: Nothing in this episode should be taken as individualized tax or financial advice. Speaking with your financial professional is advised.

 

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