Check goes in the business account, profit is always first.
These systems to make yourself better with money are a gimmick IMO… they profit first becuase you buy their books, programs, software, etc. You need to have a business plan, and you have to make ends meet. I dont believe debt is good for business and equipment should be purchased in full if you can. If you need to finance a $3k machine, pay it off as soon as you can. Maybe your profit isnt at high as it could be during that time, but pay off as soon as you can while paying all the bills.
Is it smart to put a slice in for taxes, savings, retirement contributions, emergency funds, etc? Yeah.
Hello - I just joined today. My name is Ava - My background is finance and actuarial math. I found this thread… Only a few people that understand this concept and for those that do this is awesome. Quick facts about: business strategy, puzzles, brain teasers, speed reading, constant learning, and consistency > skills. I have only a glimpse of this sector, however, a strong background in construction. Look forward to learning from you all. Thanks in advance.
