Solo Business Owner? Watch This to Fix Your Budget
Nick True - MappedOutMoney 44:16
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Download the Money Story Roadmap Here: https://nick.kit.com/roadmap
Work with me here: https://mappedoutmoney.com/coaching
Apply to be on the show here: https://wfkup5bakw8.typeform.com/to/qdR2TlMa
______________________________________________
If you're using Profit First with YNAB, there’s a good shot your setup is a lot more complicated than it needs to be.
In this coaching session, I work live with Taylor, a solo therapist with an LLC, to untangle her Profit First + YNAB setup and rebuild it into something that actually works. We simplify her account structure and rework her Profit First percentages around her real numbers.
By the end, Taylor has a clear system where YNAB categories (not account balances) drive her decisions. She also has a realistic plan to pay herself consistently, even when her business income fluctuates.
In this session, we cover:
- Why too many bank accounts make Profit First unnecessarily complicated
- How to stop using account balances for decision making
- How to do Profit First percentages in YNAB
- How to build a consistent paycheck from inconsistent business revenue
If you're a freelancer, coach, or solo business owner trying to make Profit First and YNAB work together — this one's for you.
▶️ CHAPTERS
00:00 Intro
02:16 Two ways to use Profit First with YNAB
04:19 Should you run your business from one bank account?
07:22 Starting fresh in YNAB
12:36 Setting up YNAB for business bookkeeping
18:38 Fixing the transfer nightmare
22:32 Running Profit First inside YNAB
31:30 Creating a consistent paycheck
34:25 Her Profit First percentages are off
40:20 How to get the business one month ahead
42:46 How tracking-account transfers work
Use My YNAB Affiliate Link for a free month: https://mappedoutmoney.com/ynab
Interested in working with me?: https://mappedoutmoney.com/coaching/
______________________________________________
My Website: https://mappedoutmoney.com/
Podcast: https://podcasts.apple.com/us/podcast/mapped-out-money/id1503281170
Twitter: https://twitter.com/nickdtrue
Work with me here: https://mappedoutmoney.com/coaching
Apply to be on the show here: https://wfkup5bakw8.typeform.com/to/qdR2TlMa
______________________________________________
If you're using Profit First with YNAB, there’s a good shot your setup is a lot more complicated than it needs to be.
In this coaching session, I work live with Taylor, a solo therapist with an LLC, to untangle her Profit First + YNAB setup and rebuild it into something that actually works. We simplify her account structure and rework her Profit First percentages around her real numbers.
By the end, Taylor has a clear system where YNAB categories (not account balances) drive her decisions. She also has a realistic plan to pay herself consistently, even when her business income fluctuates.
In this session, we cover:
- Why too many bank accounts make Profit First unnecessarily complicated
- How to stop using account balances for decision making
- How to do Profit First percentages in YNAB
- How to build a consistent paycheck from inconsistent business revenue
If you're a freelancer, coach, or solo business owner trying to make Profit First and YNAB work together — this one's for you.
▶️ CHAPTERS
00:00 Intro
02:16 Two ways to use Profit First with YNAB
04:19 Should you run your business from one bank account?
07:22 Starting fresh in YNAB
12:36 Setting up YNAB for business bookkeeping
18:38 Fixing the transfer nightmare
22:32 Running Profit First inside YNAB
31:30 Creating a consistent paycheck
34:25 Her Profit First percentages are off
40:20 How to get the business one month ahead
42:46 How tracking-account transfers work
Use My YNAB Affiliate Link for a free month: https://mappedoutmoney.com/ynab
Interested in working with me?: https://mappedoutmoney.com/coaching/
______________________________________________
My Website: https://mappedoutmoney.com/
Podcast: https://podcasts.apple.com/us/podcast/mapped-out-money/id1503281170
Twitter: https://twitter.com/nickdtrue
Category (YouTube): Howto & Style
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