• Pay Yourself First, Not Last

  • Nov 20 2024
  • Length: 8 mins
  • Podcast

Pay Yourself First, Not Last

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    Welcome back to the Creative Minds Smart Money Podcast! In today’s episode, we’re covering one of the most essential (and often neglected) parts of running a business: how to pay yourself.

    Join Samantha as she breaks down:

    • The different ways to pay yourself depending on your business structure (and why S-Corps require you to take a reasonable salary!).
    • Why understanding cash flow and profit is key to figuring out how much to pay yourself.
    • The golden rule for paying yourself: 30-50% of your monthly profit.
    • How to save for taxes (because Uncle Sam always wants his cut).
    • The importance of setting up a routine so your pay is consistent.
    • And finally, the mindset shift: paying yourself is NOT a luxury—it’s an absolute must.


    Ready to start paying yourself properly? This episode gives you the step-by-step breakdown.

    Connect with Samantha:

    Website: https://www.firestormfinance.com/

    Instagram: https://www.instagram.com/firestormfinance/

    Threads: https://www.threads.net/@firestormfinance?hl=en

    Pinterest: https://www.pinterest.com/firestormfinance/

    Newsletter: https://firestorm-finance.ck.page/8194316ed3

    Have a suggestion for something or someone you'd like to see on this podcast? Fill out this form here.
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