Listen on Apple | Spotify | YouTube | Android | Google
If you’ve ever wondered what you should be doing with the money you make from your business, this episode is for you. In this episode, I lay out the order of investing that we take clients through when we are working on their tax planning and spell out in 8-steps how I would prioritize your money as your CFO!
Are you ready to pay yourself a 6-figure salary and build a 7-figure wealth portfolio? My Millionaire CEO Incubator program empowers six-figure entrepreneurs to get off the cash flow hamster wheel and start making wealth-building investments in business and in life. Visit Millionaire CEO Incubator to apply for my signature 6 month profit coaching and wealth-building program!
15: Stressed About Sales? Calculate Your Monthy Baseline Revenue So You Can Be Strategic
54: How I Would Pay Myself $50K, $100K, and $300K | Business Models That Will Boost Your Paycheck
33: So I once Had Over $55K in Debt…. My Personal Money Story
In this episode, you’ll learn:
2:28 8-steps to allocate your cash
7:29 Why you should pay off high-interest debt
8:59 How much business savings you need
10:56 When you should start investing in a Traditional IRA, Roth IRA, or an HSA
17:27 When to make significant donations
Click here to listen to this week's episode!
If you love the podcast, please leave me a review on Apple podcasts and share with a friend! This helps me share more knowledge with people like you so they can become more financially literate, create more profit in their business, and feel more financially stable and secure. Click here and scroll to the bottom to leave a review and make sure to let me know what you're finding the most helpful!
Do you have a question or topic you’d like me to cover on the show? Click here to send us your submission!
I’m Sarah Young - a CPA, Virtual CFO, and the Owner of Young + Co! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, and I started the Profit + Prosper podcast to help you do the same. Profit + Prosper is a business finance podcast created to help entrepreneurs build their wealth in a way that’s fun and empowering. This is NOT a boring numbers podcast - I share tactical tips to increase your profit so you can truly prosper in your business and in life. I hope you’ll subscribe so we can Profit + Prosper together!
Connect with Sarah:
Get in touch with Sarah to add a CFO to your team