Updated over 6 years ago on . Most recent reply
How are YOU paying yourself?
As the title says: How are you paying yourself?
Do you take a flat % of what's left over?
Salary plus bonuses?
Or the pirate method: everything left over after the Bill's are paid is yours?
Personally I find that giving myself a straight % of all incoming $ keeps me hungry and motivated to do better and more. I dont want a flat salary as I feel I would get comfortable and lazy.
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Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
#5 Medium-Term Rentals Contributor
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- Youngstown, OH
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Nicole Heasley Beitenman#5 Medium-Term Rentals Contributor
#5 Medium-Term Rentals Contributor
- Investor
- Youngstown, OH
As of right now, my REI money is kept in a separate account from my W-2 money. The account is ONLY for REI income and expenses. I haven't started paying myself yet.