How the Wealthy Pay Themselves: Salary, Dividends, or Distributions?

Key Takeaways:

• Know your monthly spending goals: Figure out how much you want to spend each month after selling your business to guide your financial plan.
• Plan for taxes and cash flow: Understand your tax responsibilities and make quarterly payments to keep your finances steady.
• Build a balanced investment mix: Spread your investments across stocks, real estate, and Bitcoin for steady growth and protection.
• Use modern financial tools: Options like Bitcoin-backed loans can give you access to cash without having to sell your assets.
• Work with financial advisors: Partner with experts to create an income plan that fits your goals and the lifestyle you want.
  
  

Chapters:

Timestamp Summary

 

0:00 Introduction to Money Management

0:43 Planning After a Business Sale

2:02 Investment Distribution Strategy

3:13 Income from Investments Discussion

5:12 Innovative Bitcoin Loan Products

6:27 Alternative Investment Income Opportunities

 

Powered by ReiffMartin CPA and Stone Hill Wealth Management

 

Social Media Handles 

 

Follow Phillip Washington, Jr. on Instagram (@askphillip)

 

Subscribe to Wealth Building Made Simple newsletter

https://www.wealthbuildingmadesimple.us/

 

Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!

 

WBMS Premium Subscription

 

Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.