Profit First 

Paying Yourself Doesn’t Make You Greedy 

Some business owners think they have to wait until “the business makes more” to pay themselves. Others pay themselves last. Both are wrong. Enter: Profit First.

What is it?
A cash management method created by Mike Michalowicz where you allocate income into separate accounts:

• Profit

• Owner’s pay

• Taxes

• Operating expenses

Why it works:

• Forces financial discipline

• Prevents “feast or famine” cycles

• Ensures you don’t forget your own paycheck

How to start:

• Open separate bank accounts

• Allocate percentages (e.g., 5% profit, 30% owner pay, etc.)

• Transfer income accordingly—automatically, if possible

✅ Funny Tip: Think of it as financial meal-prep. Less tasty, but way more profitable.