As I've shared before, I usually distribute my income into different accounts: Necessity Account, Business Development Account, Income Generator Account, Education Account, Fun Account, and Giving Account.
Similar to my Necessity Account, I also put around 30% of my income into my Business Development Account.
The money that I have in my Business Development Account is used to fund my existing businesses: to pay office rental, to pay staff salary, and to fund other business expenses.
The reason why most % of my income goes back into my businesses is because these existing businesses are the main income sources for me.
At this moment, I have profitable businesses in the Financial Services industry and Training & Consultancy industry.
When you spend money to make more money, it's not really called an 'expense'.
It's actually called an 'investment'.
So, my Business Development Account is actually my investment account, where I invest in my own businesses to make them even more profitable. :)
For those of you who are in the corporate world, you can have a Career Advancement Account instead of Business Development Account.
Love,
Merry Riana
www.MerryRiana.com.sg
www.facebook.com/merry.riana
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