Financially Simple

In episode 145 of Financially Simple, Justin considers how often business owners should pay themselves, and how often. No matter if you are just getting started or a seasoned business pro, how you pay yourself and how often must be considered to help maintain healthy Personal and Business Finances. Justin compares guarantees & distributions, W-2 and K-1s, and how to avoid living from paycheck to paycheck. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  BLOG TRANSCRIPTION: BLOG: Determining How to Pay Yourself as a Small Business Owner TIME INDEX: 01:27 - How Should I Pay Myself & How Frequently Should I Pay Myself from the Business? 02:34 - The Basics 04:37 - Other Compensation Methods 04:48 - Guaranteed Payments vs. Distributions 06:08 - Why Does This Matter? 07:07 - W-2 vs. K-1 10:01 - How Often Should You Pay Yourself? 12:22 - How to Move Away from Paycheck to Paycheck Living 15:20 - Wrap Up   USEFUL LINKS: Financially Simple Financially Simp