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🎙️Pay yourself the RIGHT way! -Sponsored by Flow Digital and Pipedrive!
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You want to make an investment, how
should you distribute the self money?
You're going to show me a check from
your business and then tell me, "Yeah,
this is what it really is." So, what is
the right way? The right way to do it is
cut a check to you personally, to your
personal account. Now, that's a
distribution. Perfectly legit. You're
allowed to take a distribution. As far
as we're concerned, that's where the
relationship ends with this half a
million dollars. That's where the
relationship ends with your company.
Now, from your personal check
>> I invest? cut a check to that LLC. Now,
if 5 years from now I ask you, "Where
did you Where did you invest the half a
million dollars?" You have a personal
check showing it, right? And you're
taking the money out of your company.
Take it out personally and then from
your personal account, invest it. Don't
skip steps. If you skip steps, you're
running into problems.