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You know that personal finances are different for people who run their own businesses. You probably have variable income levels, pay checks that don’t always come every two weeks…you get it. And health insurance? How do you even get that?
When your personal income is primarily derived from your business, you have different planning to do than someone with a 9-5, predictable income stream. You have to plan for lean times (just in case). You may have to decide whether to hold off on taking more personal income in favor of investing cash back into your business, for greater personal gains down the road. You have decide whether to be a salaried employee, or take dividends or owner’s draws. And all of those decisions impact how you spend and invest the income you do take home.
So in this series I’ll be exploring some of those questions and sharing some ways you can better plan your personal finances as an entrepreneur.
The series will go as long as I have questions – so please share yours in the comments below!
I’m getting some outstanding experts on board too to share their tips and resources. Stay tuned to find out who they are.
What’s your big struggle or question about planning your personal finances as an entrepreneur?
Leave a comment below or use Vocaroo to record your question. (you can email the link to jessica at renegadeplanner dot com or tweet me @renegadeplanner).