301: How I use the Profit First system in my podcasting business.
Podcasting Business School
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Creating a Profit Bucket for Business Owners
If you have debt that you're trying to pay down, I would create five buckets. So instead of the profit bucket, I created an investment bucket. Owners comp money comes in. Money comes in that goes towards your paycheck. Then operating expense is going to take care of all of your bills. You can use that towards debt payment. And then investment is more towards like 401k, Roth IRAs, IRas, things like that.
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