Comments on: Book Review: The Money Book /book-reviews/book-review-the-money-book/ The Voice of Interpreters and Translators Fri, 03 Jun 2022 20:54:16 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: jamiehartztranslations /book-reviews/book-review-the-money-book/#comment-438 Mon, 20 Jun 2016 14:53:26 +0000 http://atasavvynewcomer.org/?p=1009#comment-438 In reply to ciclistatraduttore.

Hi Jonathan,
This is a great idea. I hadn’t thought of using hourly wages but it makes good sense and also allows you to keep tabs on how much time you’re spending on the business (perhaps making it easier to track billable vs. non-billable hours).
Thanks!

]]> By: ciclistatraduttore /book-reviews/book-review-the-money-book/#comment-437 Mon, 20 Jun 2016 10:04:18 +0000 http://atasavvynewcomer.org/?p=1009#comment-437 Jamie — Thanks for the excellent book review. I would like to share a technique for “paying myself” that I found helpful. I have always been the best employee (and for many years the only employee) of my firm, at least in attitude until I incorporated the business, then in fact. I made the business pay for itself during the early years (yes, I had a day job), so that it would not be a drain on my family budget while it was growing. Then I paid myself an hourly wage, by keeping a timesheet like any other employees. When there was lots of work, I made more; in quiet times, I made less. It has the same effect as your percentages, but may be easier to grasp for those who are familiar with time sheets or hourly wages.

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