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Updated over 1 year ago,
How do you invest your profit?
Hey folks!
We are working on our business plan for growth this year and one area I haven’t been able to find any info on is how people are reinvesting their profits. We have just closed on our first property that we will flip and I want to have a very clear plan of what to do with profits before they show up. The intent is to take away any impulse use of the money. Not counting chicks before they hatch but having a plan if they hatch. So I landed on splitting the after tax money as follows: 10% into marketing / lead generation, 50% into growing the liquid investment fund, 15% into debt reduction, 25% into personal disbursements. Thoughts?