What to Do with Your Income

Hi everyone, Mica here. Today I thought I would talk about how to manage the income you get as your business grows. As your business grows, your client base will grow and the amount of money you earn will skyrocket. It’s vital to know how to handle this influx of money, while being able to invest it and save it for future projects. In our club, we will teach you how to smartly handle money by investing and saving. 

When you begin to earn money, its important that you aren’t impulsive in spending. I know it can be tempting when you have a money that you earned to your disposal, but being smart with your money in general, will help set you up for success in the long run. More often than not, people will put their earnings into their savings, meaning their money will just sit there. While that’s not a bad thing, you can be making interest or in simpler terms, more money, by investing your money into stocks. Stocks are practically ownerships or sharing of a company. For example, a popular stock, the S&P 500, which is a stock of a bunch of different companies, is a good place to invest your money that doesn’t involve a lot of risk. 

Don’t forget, as your business grows and you earn more money, find a way to make your business better with the money that you’ve earned. To put it into perspective, in my dog walking business, with the money I earned, I bought a rubber dog bowl that I could easily transport with me as a way to provide water for the dogs I walked. Investing in your business not only makes the clients happier, but will generate you more success as a result.

Mica Montali 

May 25, 2025