Clifton
π€ PersonAppearances Over Time
Podcast Appearances
Um, and, and, uh, I've paid that down to about 240,000 is what I have left out on it and five years left to pay on it. Um, so this is my question though. Um, uh, I'm paying myself a salary. So I get that every week. The rest of the money, because we're an S, taxed as an S, is being kept in the business as retained earnings.
And it's pretty significant that the business, I think, retained earnings this year alone was close to 200 in retained earnings.
And it's pretty significant that the business, I think, retained earnings this year alone was close to 200 in retained earnings.
And it's pretty significant that the business, I think, retained earnings this year alone was close to 200 in retained earnings.
And this is the question I'm concerned about, just taking all of that money and paying the debt at once because then I'm kind of missing that safety that a business needs for a few months of operating expenses that things before. I'm kind of paranoid, right? Because I've had the business for two years and I'm concerned that at any moment work could dry up and I owe all this money, right?
And this is the question I'm concerned about, just taking all of that money and paying the debt at once because then I'm kind of missing that safety that a business needs for a few months of operating expenses that things before. I'm kind of paranoid, right? Because I've had the business for two years and I'm concerned that at any moment work could dry up and I owe all this money, right?
And this is the question I'm concerned about, just taking all of that money and paying the debt at once because then I'm kind of missing that safety that a business needs for a few months of operating expenses that things before. I'm kind of paranoid, right? Because I've had the business for two years and I'm concerned that at any moment work could dry up and I owe all this money, right?
No. The other debt I told you I paid for, we cut up our credit cards as soon as we started listening to you. We cut up our credit cards. We have no car notes. The only thing we have is the mortgage and the business debt.
No. The other debt I told you I paid for, we cut up our credit cards as soon as we started listening to you. We cut up our credit cards. We have no car notes. The only thing we have is the mortgage and the business debt.
No. The other debt I told you I paid for, we cut up our credit cards as soon as we started listening to you. We cut up our credit cards. We have no car notes. The only thing we have is the mortgage and the business debt.
As far as like for tax purposes?
As far as like for tax purposes?
As far as like for tax purposes?
Business starts January 1st each year.
Business starts January 1st each year.
Business starts January 1st each year.
I put all of the business money into that except for what I pay myself. I know.
I put all of the business money into that except for what I pay myself. I know.
I put all of the business money into that except for what I pay myself. I know.
No. No, it's done. Well, I guess you could say it's done daily. I'm not understanding the question. Okay, so here's my point. They go to a savings account for retained earnings. Yeah, so let meβ Those are paid each month.