Are you consistently paying yourself the money you deserve as a business owner? Determining how much to pay yourself and how frequently, can be a daunting task.
I'm sharing how I've approached paying myself consistently for the last three and a half years! I'm also sharing how I pay myself in slow seasons, plan paid vacations, and give myself bonuses!
Clocking In with Haylee Gaffin is produced and brought to you by Gaffin Creative, a podcast production company for creative entrepreneurs. Learn more about our services at Gaffincreative.com, plus you’ll also find resources, show notes, and more for the Clocking In Podcast.
Disclaimer (1:27)
Choose What Works Best for You to Pay Yourself (1:41)
Separate Your Business & Personal Finances (2:05)
What We'll Cover in this Episode (2:36)
Setting Goals in your Business (2:54)
Budgeting for Your Own Paycheck (3:29)
Determine your business expenses.
Determine how much you want to make.
Defining A Yearly Salary (4:40)
- How much do I need to pay my bills?
- How much do I want to save/invest?
- How much do I want to splurge?
Then add tax.
Actually Paying Yourself (5:52)
Consistent Paychecks Makes Calculating Taxes Easier (6:16)
Don't Touch Extra Income Every Month (6:44)
Paying Yourself in Slow Seasons (7:20)
Paying Yourself to Take Vacations (9:56)
Rewarding Yourself with Bonuses (11:20)
Setting a Buffer Amount in Your Business Bank Account (12:10)
Women I’m cheering for This Week (13:41)
Other Episodes Mentioned in this Episode:
Links
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