Are you reinvesting your profits or just accumulating?

[UrbanSnake]

I had some solid profits with my businesses in the last few months, for now I'm just accumulating and saving. At least I'm not overspending. But I'm considering reinvesting most of it.

What is the percentage of profits reinvested on your business? If you earned $10k last month with your business, what would be your distribution between reinvestment, saving and personal expenses?

 

[Stavro]

I put a percentage in a separate tax account, pay myself and my workers, pay suppliers, and leave the rest largely untouched.

I don't really invest just for the sake of investing. I'd rather let the business have a buffer in case of a major accident and I need to replace a $75k+ piece of equipment without waiting ~6 months for insurance.

 

[Venusaur]

my distribution is:
25% for escorts
25% for pizzas, coke and burgers
25% for casino and sport bet
20% for therapy and pills
5% for my business

 

[johnyow416]

what is your business?

 

[VickyRits]

Saving 30% for businesses

30% life saving

40% to enjoy

 

[homeriscool]

I reinvest a portion of it.

 

[homeriscool]

I put a percentage in a separate tax account, pay myself and my workers, pay suppliers, and leave the rest largely untouched.

I don't really invest just for the sake of investing. I'd rather let the business have a buffer in case of a major accident and I need to replace a $75k+ piece of equipment without waiting ~6 months for insurance.

Curious to know what your business is?

$75k piece of equipment?

 

[Stavro]

Curious to know what your business is?

$75k piece of equipment?

I'm in the furniture repair business. A lot of our sewing machines are in the $10k range, and our van, bought used, was close to $80k all-in by the time we had everything we needed to make it job-ready.

 

[johnyow416]

I'm in the furniture repair business. A lot of our sewing machines are in the $10k range, and our van, bought used, was close to $80k all-in by the time we had everything we needed to make it job-ready.

good niche for affiliate marketing.

 

[Ben Arthur]

Honestly, I'd probably put around 60% back into the business, save 30%, and keep the last 10% for personal stuff. For me, reinvesting is really the smartest way to keep the business growing.

 

[Vynith]

Is your next question going to be what's your social security number?