Entrepreneur

0 readers

1 users here now

Rules

No Personal Attacks - criticism of ideas is allowed, attacking people is not.
Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.

Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.

founded 1 year ago

MODERATORS

communick@indiehackers.space

Finding a financial advisor (alien.top)

submitted 11 months ago by DataOverGold@alien.top to c/entrepreneur@indiehackers.space

4 comments fedilink hide all child comments

Related to US. With revenue coming in, how do you decide on what to pay yourself, what to re-invest in the company, etc? Do you have a financial advisor helping out? Do you feel you have a good understanding of how to optimize your revenue / pay your taxes etc?
I personally struggle with a lot of these questions and ponder if its time to find a financial advisor.

you are viewing a single comment's thread
view the rest of the comments

[–] captain-doom@alien.top 1 points 11 months ago

Also, it never hurts to pay yourself as little as you can live on for as long as possible.

Despite having a successful business I lived on a college kids expenses for 10+ years after college. This allowed me to have money to invest in retirement, stocks, and grow the business as needed.

vs lifestyle inflation.

I highly recommend going that route if you do well delaying gratification and don’t compare yourself with others constantly.

Keeping your lifestyle in check makes running your business much easier, then one day it will be very clear you can start to open up the wallet more if you want. Longer you wait the fatter the wallet will be though.