Apr 10, 2019
In episode #983, we discuss when
or if you should take profits from your company. Tune in to hear
when you should plan for this.
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TIME-STAMPED SHOW NOTES:
- [00:27] Today’s Topic:
When Should You Take Profits In
- [01:02] Neil started a company
when he was 16 and didn’t start taking profits until he was
- [01:21] He thinks he was
foolish for waiting so long.
- [01:35] If you need the money,
take what you need to survive.
- [02:24] It’s also wise to
reinvest your profits.
- [02:50] Things can go wrong, so
putting profits aside for emergencies is smart.
- [03:35] Know your living
expenses, so you can determine what you need.
- [04:05] Maybe you want to
travel or live a good life; if that is important, take the
- [04:41] Some companies don’t do
dividends, because they are re-investing them.
- [05:20] Don’t expand beyond
your core business.
- [06:46] That’s it for
- [07:30] We hit our goal of 1
Million downloads! So, we will be throwing a free event in Los
Angeles this June. Check out this
website if you would
like to attend. Remember: we are capping the event at 500 people,
so sign up now, if you’re interested!
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