What % Of Your Profit Are You Saving Each Month?

What % of Monthly Profit Do You Save?

  • 0%

    Votes: 5 27.8%
  • 0-25%

    Votes: 0 0.0%
  • 25-50%

    Votes: 3 16.7%
  • 50-75%

    Votes: 2 11.1%
  • 75-100%

    Votes: 8 44.4%

  • Total voters
    18

maybenot

New member
Apr 3, 2013
121
4
0
I tried to think of the best way to phrase the thread title. I mean:

What percent of your profit (i.e. after business expenses) are you saving/investing each month? (Pre tax).

Mine is at about 75%, the other 25% is on rent, food and entertainment.

Would be interesting to see your stats.


P.S Obviously I fucked up the poll slightly, so it should be 0-24, 25-49, 50-74 and 75-100. I know, I'm a fucking idiot.
 


I save 2/3rds of my pretax profits even if temporary until taxes are due.
I stay very disciplined on keeping my total monthly net overhead below 1/3rd.
1/3rd-overhead
1/3rd-taxes+advertising budget
1/3rd-bankroll+savings
I only adjust my budgets every quarter for the avg of the previous 2 quarters and I subtract whoever my top client is at the time from the total so the 80/20 rule won't cause me to expand my bottom line and have too large of a percentage drop out from under me if that revenue is suddenly lost.
Since im an entrepreneur my personal finances are run much the same way.