Every day I'm hust-l-ing
This building your own business thing is no joke. I feel like I'm a lean, mean, work machine. I've talked a lot about the trials and tribulations over on Late Day Sun, but I need a more personal space to mentally breath. Let's talk about the money thing for a minute, because in some ways it's all consuming. We took our nest egg and devoted it to sustaining us for 8-10 months while we work on our businesses. It was a good nest egg. A $70,000 nest egg. And it's almost gone.
I thought by this point we would have some income from a house sale or a thriving real estate agent business, but we don't, although that feels *just around the corner*. Those seeds take time to water and grow, and I've been watering and growing them something fierce. Please let my garden pop up! I'm so disgustingly all real estate, all the time, it's ridiculous.
I made a serious chunk of profit last year, but the reality is that after business expenses, there isn't really a huge amount left over. And what is leftover, I like to keep in the business so I can grow it. All this and (so so much) more led me to the pivotal decision to be CEO and not employee. That means hiring people (which of course costs money) and being laser focused on high level tasks like funding and acquiring properties. It also means I need to take some of the money stress off by collecting a small salary. I'm going to pay myself $50,000 this year, starting with profits I've yet to make (or I could look at it as slowly cashing out my equity, but I don't want to do that.) So now we've gone from a $250,000 income family to a $50,000 income family. I'm heartened by the fact that I know at least 2 other people who did similar crazy things and are thriving now. I want to be like them! Not to mention this is forcing a reset of my lifestyle that is painful yet welcome. At the end of the year I will take some sort of profit dividend, and I also have a few agent items in the works that will bring in some income. All of this to say STOP WORRYING (to myself). I'm such a conservative person financially that it absolutely kills me to bank on future profits. Up till now I've only paid myself at the end of a project. Taking this salary means I really can't stop doing what I'm doing. Which I wouldn't, but the fact that I *can't* makes my contrarian side bridle. :)
So that's my mental breathing. That's my post for posterity. I know it's taboo to talk about money, but a girl's gotta do what a girl's gotta do. (I also don't like talking about money because I don't want people to feel sorry or weird toward me. Don't do that. I made this bed. I'm sleeping in it. It's part of the success process. Just understand that I may not be able to spend dollars on or with you for a little while!)
Bonus to being a workaholic is I don't really have time to spend money.
I thought by this point we would have some income from a house sale or a thriving real estate agent business, but we don't, although that feels *just around the corner*. Those seeds take time to water and grow, and I've been watering and growing them something fierce. Please let my garden pop up! I'm so disgustingly all real estate, all the time, it's ridiculous.
I made a serious chunk of profit last year, but the reality is that after business expenses, there isn't really a huge amount left over. And what is leftover, I like to keep in the business so I can grow it. All this and (so so much) more led me to the pivotal decision to be CEO and not employee. That means hiring people (which of course costs money) and being laser focused on high level tasks like funding and acquiring properties. It also means I need to take some of the money stress off by collecting a small salary. I'm going to pay myself $50,000 this year, starting with profits I've yet to make (or I could look at it as slowly cashing out my equity, but I don't want to do that.) So now we've gone from a $250,000 income family to a $50,000 income family. I'm heartened by the fact that I know at least 2 other people who did similar crazy things and are thriving now. I want to be like them! Not to mention this is forcing a reset of my lifestyle that is painful yet welcome. At the end of the year I will take some sort of profit dividend, and I also have a few agent items in the works that will bring in some income. All of this to say STOP WORRYING (to myself). I'm such a conservative person financially that it absolutely kills me to bank on future profits. Up till now I've only paid myself at the end of a project. Taking this salary means I really can't stop doing what I'm doing. Which I wouldn't, but the fact that I *can't* makes my contrarian side bridle. :)
So that's my mental breathing. That's my post for posterity. I know it's taboo to talk about money, but a girl's gotta do what a girl's gotta do. (I also don't like talking about money because I don't want people to feel sorry or weird toward me. Don't do that. I made this bed. I'm sleeping in it. It's part of the success process. Just understand that I may not be able to spend dollars on or with you for a little while!)
Bonus to being a workaholic is I don't really have time to spend money.
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