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Episode 20: Screw Your Safety Net

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Content provided by Trevor Cowley. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Trevor Cowley or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Despite what you might assume, building a “safety cushion” of 5-10K just to have in case “something bad happens” is counterproductive for anyone looking to get into business. This is especially true if an unwillingness to part with this lump sum prevents you from taking advantage of a golden opportunity. You’re much more likely to succeed as an entrepreneur if you can light a fire under your ass, and the comfort of a safety net isn’t doing you any favors in that regard.

As always, we don’t advocate being reckless with your money, but this episode covers in detail why we’re against clinging to a petty emergency fund. Other topics include proper money mindset and investment red flags.

Connect with us:

Instagram

Facebook

Easier Accounting

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273 episodes

Artwork
iconShare
 
Manage episode 244485629 series 2528745
Content provided by Trevor Cowley. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Trevor Cowley or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Despite what you might assume, building a “safety cushion” of 5-10K just to have in case “something bad happens” is counterproductive for anyone looking to get into business. This is especially true if an unwillingness to part with this lump sum prevents you from taking advantage of a golden opportunity. You’re much more likely to succeed as an entrepreneur if you can light a fire under your ass, and the comfort of a safety net isn’t doing you any favors in that regard.

As always, we don’t advocate being reckless with your money, but this episode covers in detail why we’re against clinging to a petty emergency fund. Other topics include proper money mindset and investment red flags.

Connect with us:

Instagram

Facebook

Easier Accounting

  continue reading

273 episodes

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