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Updated over 5 years ago on . Most recent reply

Bill Kramer's profile image
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Bill Kramer
  • Contractor
  • from Evansville, IN
  • Member since Jun 1, 2019
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Bill Kramer's profile image
Bill Kramer's profile image
Bill Kramer
  • Contractor
  • from Evansville, IN
  • Member since Jun 1, 2019
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Bill Kramer
  • Contractor
  • Evansville, IN
208
Votes |
142
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Personal Finance

How are YOU paying yourself?

Bill Kramer
  • Contractor
  • Evansville, IN
Posted

As the title says: How are you paying yourself?

Do you take a flat % of what's left over?

Salary plus bonuses?

Or the pirate method: everything left over after the Bill's are paid is yours?

Personally I find that giving myself a straight % of all incoming $ keeps me hungry and motivated to do better and more. I dont want a flat salary as I feel I would get comfortable and lazy.

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Nicole Heasley Beitenman's profile image
Nicole Heasley Beitenman's profile image
Nicole Heasley Beitenman
Pro Member
  • #5 Medium-Term Rentals Contributor
  • Investor
  • from Youngstown, OH
  • Member since Jan 6, 2017
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Nicole Heasley Beitenman's profile image
Nicole Heasley Beitenman's profile image
Nicole Heasley Beitenman
Pro Member
  • #5 Medium-Term Rentals Contributor
  • Investor
  • from Youngstown, OH
  • Member since Jan 6, 2017
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Nicole Heasley Beitenman
Pro Member
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
2,406
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2,912
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Nicole Heasley Beitenman
Pro Member
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
Replied

As of right now, my REI money is kept in a separate account from my W-2 money. The account is ONLY for REI income and expenses. I haven't started paying myself yet.

  • Nicole Heasley Beitenman
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