Financial Intelligence: Why You Should Pay Yourself First

18/03/2025 26 min Episodio 50
Financial Intelligence: Why You Should Pay Yourself First

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Episode Synopsis


Wellness creators need to shift away from passive financial management where they hope there's money left over after expenses to pay themselves. Instead of viewing profit as an afterthought, entrepreneurs should intentionally decide their compensation first and then adjust business expenses accordingly, as this intentional approach to paying yourself - even if starting small - creates momentum for sustainable business growth.Key Takeaways:Start paying yourself something, even if small, from year oneDecide your compensation first, then adjust expenses accordinglySet small monthly increases rather than intimidating annual targetsTrack your revenue-to-salary percentages regularlyCreate clear boundaries between business and personal financesResist paying yourself only leftover profitsReferencesMarvelous Software PlatformWell Well Well Marketplace
References:Marvelous Software PlatformWell Well Well Marketplace