Imagine having $100,000 in cash saved up to go towards your retirement, protect your business in a downturn, or invest in real estate. How much anxiety would that take off your shoulders about your future? In this episode, I’m sharing four steps to generate $100K in savings from your business to make that stress-free financial future your reality.
Apply for the Millionaire CEO Incubator by September 10th for the Fall 2023 cohort!
In this episode, you’ll learn:
0:00 What it means to save $100K - and why that specific number is important
9:46 Why you should apply for the Millionaire CEO Incubator
14:29 Leveraging the extra cash you have in your business right now
18:49 Figuring out how much you need to save in your business
24:41 Do you need to make more money in order to save?
30:36 Where to put your savings to maximize them
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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!
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