Own your own business and start paying yourself first today

When one owns their own business, we are in a position to have more control of our own lives. For starters when one owns their own business as entrepreneur's we pay ourselves first and then pay tax later after our expenses take shape. 

paying yourself

When one works for a company as an employee up to 50% of our earnings is paid upfront in tax. Then the remainder is given to you as your pay cheque.

The word freedom has been a hot topic lately and when one owns their own business, they earn this right to pay themselves first in addition to enjoying the freedoms that comes with it. So why would most not try and start their own business and have more freedom & lifestyle and pay themselves first? Or create a side gig to see if it has legs and then turn that into a full-time business. Or simply purchase an existing business or buy a franchise and grow it could be another way.

The answer is that many do not try or even entertain paying yourself first or buying your own freedom. This could be because you’re in too much debt or have too many monthly overheads. I have seen many clients sell it all and clean the desk right off and start their own business. 

Many have chosen to start fresh with a clean slate as they noticed with their overheads being so high one can never start a business unless you run into a lot of cash and purchase an existing business. 

There is nothing wrong with clearing it all off the desk and starting fresh and creating a new business model for your own self. As it’s a sense of a reset in your own life and tends to be very liberating when you do.

 I have done many desk clearings myself and fortunately worked out well. It recreated a new freedom of life multiple times over, and allowed one to not be trapped and stuck. So think about how you can set your own self free and watch great things lie ahead. 

ABOUT THE AUTHOR
Tony Kereluke
Tony Kereluke
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