Episode 20: Screw Your Safety Net


Manage episode 244485629 series 2528745
By Trevor Cowley & Kale Goodman, Trevor Cowley, and Kale Goodman. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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.

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