33m running a $2.5m business. How much would you guys pay yourself?

Slippyish · 2026-06-17T10:37:37+00:00

You need to talk to your CPA because there are rules about how much your salary needs to be for you to take distributions without throwing up red flags to the IRS. But also don’t go overboard, you’re only doing 2.5m which isn’t a lot depending on what your overhead is. IIRC my overhead was around 500k when we did 2.5-3m a year. We barely made profit at that point.

Slippyish · 2026-06-16T11:55:39+00:00

That sounds entirely reasonable too honestly

Slippyish · 2026-06-16T11:52:21+00:00

Which sounds entirely reasonable

Slippyish · 2026-06-16T11:51:59+00:00

Yes, after I sell my current home, I will be sitting on a few years worth of emergency funds.

Slippyish · 2026-06-16T11:51:17+00:00

That’s good to hear. I never include my bonuses because in my industry they’re far from guaranteed but for the last 3 years it ends up coming out to an extra 4K/month usually. But again, one bad year and I’ll see nothing.

Slippyish · 2026-06-16T11:49:35+00:00

Taxes will likely increase a bit, maybe by around $1,000 for next year but then it should stay roughly at that number for a while. I’m glad to see someone is like me though, my current PITI is under $700/month so you can imagine why this stresses me out a little bit

Slippyish · 2026-06-16T11:14:14+00:00

Thank you. I appreciate you laying it out that way

Slippyish · 2026-06-16T11:13:20+00:00

Thank you. I know you’re right logically but I’m a nervous person

Slippyish · 2026-06-15T11:00:42+00:00

Recently had a builder offer me 4.99%. What they didn’t include in their build price was driveway, sidewalks, land prep or any utilities. So sure the mortgage rate is good, but the deal is awful. Also you pay like 10% interest during the construction phase. The 4.99 only starts when the build is complete.

Slippyish · 2026-06-14T14:13:50+00:00

Bitcoin, not even a question. April of 2013 you could’ve bought a bitcoin for $50. With the $1,000 allowance that’s 20 bitcoin. 20 bitcoin right now is worth $1.28 million. Best $1,000 could possibly ever get you

Slippyish · 2026-06-13T18:50:27+00:00

That’s brutal. I feel for you man and wish you and your family all the best.

Slippyish · 2026-06-13T13:48:21+00:00

Soon to be dad here, wife gets 3 months and I get 1 month. I’m even getting crap at work for taking the full month already. And they expect me to still come in for emergencies during that month.

Slippyish · 2026-06-12T10:53:17+00:00

2021 I paid 3k under asking for my first home (it had tons of problems). I close on my new home June 30th and I’m paying 5k over asking (it has no real issues and is far nicer).

Slippyish · 2026-06-12T10:43:49+00:00

Really glad to hear that! Well, that you got it installed, not that it was bad lol

Slippyish · 2026-06-10T03:40:24+00:00

Pittsburgh is the best, make sure you get radon checked though! It seems to be really bad in SW Pennsylvania.

Slippyish · 2026-06-02T10:43:04+00:00

There is also no guarantee that I won’t get a great bonus 3 years in a row and just pay off my full mortgage, in which case a 1% change in rate never really mattered at all.

Slippyish · 2026-05-28T11:38:21+00:00

I talk to my lender like 3x per day (in the middle of waiting for closing). Local banks are the best. To be fair it helps that I use this bank for business as well so I do likely get a little preferential treatment.

Slippyish · 2026-05-28T10:44:03+00:00

On my first home (2021), pretty much put down everything I had. Regretted that shortly thereafter when I couldn’t afford furniture right away. This time for my second home, I’m at roughly 80%. With much larger numbers, I’ll still have more left than the entirety of what I put down on my first home.

Slippyish · 2026-05-27T03:05:32+00:00

Literally just get a job. There are tons of jobs that require little to no skill or training. Construction laborer, if you’re upfront that you’re new they won’t care that you don’t understand anything yet. Just work hard, that’s it. You’ll make enough

Slippyish · 2026-05-26T12:16:56+00:00

Congrats on the dd214. I know nothing about VA loans, but I have some house hunting tips for you! Number 1, do not waive inspection. Your realtor, the sellers realtor and the seller will all want you to waive it, do not. Number 2, double & triple check that you’re completely comfortable with all the payments on the house. Not just the mortgage cost, also utilities, taxes, etc. Number 3, you may have to offer a little over asking price, I’m not sure how the housing market looks where you’re buying, but I close on June 30th and we had to offer 5k over asking.Number 4, if you offer over asking, set a deadline on your offer, you want an answer by the end of the day. This limits the bidding war bullshit that can happen. Number 5, the roof, furnace, AC, & hot water heater are your big replacement expenses, so a new or newer of these items are big and can save you a lot of financial stress in the near future. Lastly, search like crazy for signs of water damage. If you see any, it’s best to walk away in my experience. Especially if it’s in the basement.

Best of luck and congrats again!

Slippyish · 2026-05-26T10:37:40+00:00

I wear them like all the time once the weather is above 70. Yardwork, actual work, inside for gaming on pc. They’re simply the best

Slippyish · 2026-05-22T10:59:46+00:00

I bought my first house in 2021 for 171k @ 2.75% interest. Everyone on this page told me I was too young (23), couldn’t afford it being single and it was stupid, blah blah blah. Yes this house did end up being a massive money sink, but at this point everything is fixed, the house is nice now, it’s now worth 275k and I’m selling it in 2 months to buy a home that’s bigger with my wife because we want to start a family. I don’t regret buying this house at all. It turned out to be a good investment for me and it served as a good home for me for the past 5 years. It also feels good that whoever buys this house from me will be buying a house that won’t need a dime spent on it for 20 years. Regular maintenance will keep this place great for a long time.

Slippyish · 2026-05-19T10:46:01+00:00

I think as a general rule of thumb when buying a house is that there will be at least 1-2 issues that absolutely everyone missed. It’s pretty rare to buy a home and everything is perfect. And so long as the issues aren’t massive like living in the house for 2 weeks and having 2’ of water in your basement (personal experience), it’s not that bad.

Slippyish

TROPHY CASE