How do you pay yourself while starting a business?

Question

I live in NYC. Not the cheapest place in the world to live lol. So I work full time to support my self and family personally while I bootstrap my startup.

How about you?

Kirill Grebenjukov · Accepted Answer

@slimmy82 I do the same, daily work in big edTech enterprise, and bootstrap my product at nights and any other free minute

Slim Geransar · Answer

@kgrebenjukov I feel you on the time commitment, then also finding time for family and the 3 seconds I have left for self care

Rajesh Kandaswamy · Answer

Kudos to you to do that. I live in Northern NJ with my family. Not far from you!

Paul Boudet · Answer

@slimmy82 yeah it's scary, but everybody would do it if it was easy.

Paul Boudet · Answer

Savings + some freelance work on the side

Igor Lysenko · Answer

I spend all the money I have on the product and don’t allocate anything for myself.

Answer

I am bootstrapping as well. I have several other business that I have painfully created in the last 11 years that gives me residual income (affiliate/network marketing/e-commerce/non-profit/wellness programs) So I get paid first and budget last. It is still hard while bootstrapping though..so many moving blocks and all those blocks want 💰💰💰💰😂

Igor Lysenko · Answer

@slimmy82 I work at another job

Slim Geransar · Answer

@rajeshkan72 glad to hear I’m not the only one facing this dilemma. You get it, not cheap where you are either

Kirill Grebenjukov · Answer

@slimmy82 haha, exactly!

Slim Geransar · Answer

@phb71 very valid!

Slim Geransar · Answer

@ixord so how do you pay for your personal expenses?

Slim Geransar · Answer

@phb71 don’t you get nervous a little running on savings and freelance is a little scary since it’s not guaranteed. But regardless I applaud you

How do you pay yourself while starting a business?

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