How much do you pay yourself?

[Christian Walker]

So you hear a lot of people say to pay yourself first, before paying the bills or anything else. How much does one pay themselves? What percent of income? I never really understood that saying.

Thanks in advance!

Christian Walker

[Robert McAllister]

10% is the common rule here. Which means set aside 10% in savings accounts (all forms, investments, etc).

The way the questions reads, I thought you meant how much do you actually pay yourself out of your business and re-invest the profits to the business. This is something I struggle with too. I like to put all of my proceeds into my personal account and role with it each month (paying "myself" first the 10% too").