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I pay myself $33K gross annually. I'm the lowest-paid salary employee in the company.
by thinkcomp 16y ago
I pay myself $33K gross annually. I'm the lowest-paid salary employee in the company.
- kno 16y ago$33K is pretty low in most places in the US, How do you manage to stay focus on runing the business?
- thinkcomp 16y agoGiven that I don't have to care for anyone, it's plenty to live on (even in Palo Alto) and have some left over.
- trustfundbaby 16y agoWhen you're running your own business you'll be surprised at how few expenses you have, especially if you don't have an office. I know for me, I absolutely must have $2000 to survive $2500-$3000 a month to be comfortable... anything over that is nice to have.
- mortenjorck 16y ago> When you're running your own business you'll be surprised at how few expenses you have That certainly sounds counterintuitive to me. What did you think would be a cash sink that wasn't? I'm guessing there were more things you thought you'd have to pay someone to do that you found weren't so painful to take care of yourself?
- trustfundbaby 16y agoyeah ... people think they need to get an office, a phone, fax machine, virtual assistant, whatever ... When its just you, or you and one other person, you can work from home, use skype (+rebtel if you do international remote work), direct calls to your phone ... get a cospace if you really have to have an office. Apart from taxes, there isn't that much overhead if you play it right.
- synnik 16y agoYou should never be the lowest paid. Executives are paid not for the actual tasks they do, but for the fact that all responsibility and accountability is on their shoulders.
- whatusername 16y agoWe can assume that she/he is being compensated through stock/equity. So they are being paid - just not with a salary.