I spent most of time at the Girlboss Rally attending money workshops. I was a little concerned that I wasn’t finding workshops related my work. And even though I was attending Girlboss as part of my work, I was also attending as an opportunity to learn for myself and my near future aspirations.
And during these very insightful discussions as to when/ how to manage money successfully, the topics of when and how much to save, when and how much to invest and when and how much to pay yourself were constant and prevalent. But the takeaway was they same.
NOW!!! Or in other words, start saving, investing and paying yourself immediately. The moment you start making money, the moment you get paid from your first side hustle client, do all three.
Save money: you may have to claim taxes on your new found income. So put some money aside for that.
Invest money: put money back into the business and make sure you have the supplies and equipment to remain “operational “.
Pay yourself: I’ve heard lots of self made people talk about how long they went without giving themselves a salary. But that doesn’t logically make sense. Because if this little thing called rent. So pay yourself. Think of a percentage and stick to it no matter how much money you start to bring in.
Make your money work and grow for you from the very beginning.