GREAT MONEY LESSONS. YOUR NEXT STEP.
Profit First made simple—a calm money system for business owners
Most owners do math this way: sales minus costs equals profit. Profit First flips it: sales minus profit equals what you can spend. Your profit and pay come first.
START HERE · ONE SMALL MOVE
Open one new account named Profit. Move 1% of every deposit there. That’s it for week one.
Completely free. No card, no trial, no bank login.
GREAT MONEY IDEAS. EVERYDAY WORDS.
Small plates make smaller portions.
You spend what you see. Splitting money into separate accounts makes overspending harder and profit automatic.
Take profit first, then run the business on the rest.
He suggests five core accounts—Income, Profit, Owner’s Pay, Tax, and Operating Expenses—and moving money on the 10th and 25th.
ONE SMALL MOVE
Start with small shares. Raise them a little each quarter.
LESSON → REAL LIFE
Your simple profit first plan
Try one step at a time. Check it off when you’ve done it.
A starting guide, not a plan based on your finances. Checkmarks stay only while this page is open.
1. Open the accounts
Separate accounts make each dollar’s job visible.
Income (all deposits land here), Profit, Owner’s Pay, Tax, and Operating Expenses. Name them clearly at your bank.
2. Start with tiny shares
A small habit you keep beats a big one you drop.
Move a little to Profit, enough to Tax, a steady share to Owner’s Pay, and the rest to Operating Expenses. Your current numbers set your start.
3. Use a rhythm
Moving money on set days keeps it calm.
On the 10th and 25th, empty Income into the other accounts. Each quarter, take part of Profit as a reward and leave the rest as a safety net.
No rush. Start with the first step.
Next: Open the accounts.
A small example
Made-up example: $10,000 lands in Income. You move 2% ($200) to Profit, 15% ($1,500) to Tax, 40% ($4,000) to Owner’s Pay, and 43% ($4,300) to Operating Expenses. These are example shares, not the book’s targets for your business.
What could change your plan?
Tax and payroll money is already spoken for—never count it as spare cash. Shares that fit one business can hurt another. Start small and adjust.
Profit First, in plain words
The lesson is a start. Your life sets the order.
MONEY MOGUL brings great money teachers’ ideas beside your own bills, debts, and savings. You get one next step—and the reason behind it. Enter your numbers yourself. Keep business money separate.
Find my next step—freeCompletely free. No card, no trial, no paid plan.