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"How I quit the hustle to enjoy life”: Getting Off the Treadmill with a $15m Net Worth

MoneyWise

NOTE

Prioritize Your Pay to Build Wealth

Building financial skills is crucial when encountering wealth. Prioritizing personal compensation ensures business owners maintain financial stability, especially during downturns. Instead of cutting personal pay, focus on adjusting expenses and team costs to preserve the fundamental purpose of the business: to pay the owner. Consistent self-payment supports a desired lifestyle and contributes to eventual significant wealth accumulation, enabling greater financial freedom and liquid assets.

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