The Investor Mindset - Name Your Number Show [$]

NYN E6: Paying Yourself First: The Key to Financial Freedom for Business Owners - Anne Gannon

Episode Summary

In this episode, Steven Pesavento talks to Anne Gannon about the importance of paying yourself a true salary as a business owner, and how this practice can lead to financial freedom. Steven emphasizes the need for entrepreneurs to have expert advisors on their team, including a great CPA, who can challenge them to make sure they're investing in the right things and running their business well. We also talk with Anne about the importance of building a target to achieve financial success, as well as the need for business owners to master accounting as a skill.

Episode Notes

Key Takeaways

  1. Pay yourself a true salary as a business owner
  2. Have expert advisors on your team, including a great CPA
  3. Look forward and build a target to achieve financial success
  4. Master accounting as a skill
  5. Know as much about your tax return or financial statement as any of your advisors do

Resources Mentioned

Interested in connecting with other like-minded individuals? Then join our VonFinch Private Capital Network.  Learn more at http://www.vonfinch.com/invest

About our Guest:

Anne Gannon is the Principal at The Largo Group, which offers innovative accounting and bookkeeping solutions to businesses and individuals and has over 500+ customers. The uniqueness of our firm is that Anne is the sole owner as most accounting firms are partnerships. We are set up as a corporate model. If we win, the team wins. Anne’s audience on social media is greater than 1,500+ and she is happy to share your episode with her fans!


 

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