How I Set Up My Profit First Transfers Each Month (and You Can Too!)

[@bethw7]

I don't know how I missed this video! Outstanding - you've made it simple and actionable. Thank you!!

[@paperandspark]

Glad it was helpful!

[@storiesnstoneware]

Thanks for doing this. I feel better about not having so many accounts. I have about as many as you do

[@paperandspark]

As long as you're not dipping into your funds reserved for taxes or paying yourself to pay for opex you're good!

[@Countrycharm17]

Okay, I listened to Mike's audiobook and now grasp fully what you are saying. I do have a silly question. 🤪 So, you just pull the money out of those savings accounts (owners comp + profit) like a cash withdrawal for personal use? This has been like pieces of a puzzle fitting together for me. Thank you! ❤️

[@paperandspark]

Yep - if you're confused about how to actually *pay yourself* and what that looks like logistically, check out this video: th-cam.com/video/8S5-52Lu9YA/w-d-xo.html

[@karlamurphy9934]

I have two business checking accounts: one for taxes and one for general operations. A business credit card. Then I transfer my profit to my personal checking. I hope that’s okay! 🤦🏻‍♀️

[@paperandspark]

That sounds good!